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Tag Archives: CNBC
Uber reports third-quarter results that beat Wall Street’s revenue expectations
Uber reported third-quarter results Thursday that beat analysts’ expectations for revenue.
Jack Dorsey’s payments company Block expands corporate card service to the UK
Block, the payments company owned by tech billionaire Jack Dorsey, has launched its corporate card service in the U.K.
Chinese smartphone company Honor gets new investors as it gears up for IPO
Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering.
Samsung Electronics’ chip profit shrinks 40% from the previous quarter
The semiconductor unit reported third-quarter operating profit of 3.86 trillion won (about $2.8 billion), down 40% from the previous quarter.
Microsoft CFO says OpenAI investment will cut into profit this quarter
Microsoft has invested over $13 billion in OpenAI, a bet that’s weighing on the company’s profitability.
Even Mark Zuckerberg seems surprised by Meta’s pace of spending on AI
Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta’s AI technology buildout led the company to lift guidance for capex.
EBay stock sinks after company gives lackluster guidance for fourth quarter
EBay reported better-than-expected earnings for the third quarter, but the results were overshadowed by a disappointing forecast for the current period.
FTX’s Nishad Singh gets no jail time, 3 years supervised release for role in crypto fraud
Nishad Singh was the fourth former FTX executive to be handed a punishment tied to the collapse of the crypto exchange in late 2022.
Meta’s Reality Labs posts $4.4 billion loss in third quarter
Meta’s Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.
Microsoft set to report quarterly results after the close
Microsoft’s results will give Wall Street the latest indication of how much the company is investing in data center infrastructure.