Tag: Business
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Netflix earnings forecast disappoints investors, shares tumble
LOS ANGELES, July 16 : Netflix offered third-quarter revenue and earnings projections on Thursday that hovered below Wall Street targets and said it would reduce the amount of information it discloses on viewing hours as the streaming video pioneer seeks new avenues of growth in a competitive media landscape.
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Netflix third-quarter earnings forecast falls shy of Wall Street expectations
LOS ANGELES, July 16 : Netflix offered third-quarter revenue and earnings projections on Thursday that hovered below Wall Street targets and said it would reduce the amount of information it discloses on viewing hours as the streaming video pioneer seeks new avenues of growth.The company said it expected $12.
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Citadel Securities invests $400 million in Crypto.com at $20 billion valuation
July 16 : Crypto.com said on Thursday that market maker Citadel Securities had invested $400 million in the crypto exchange at a $20 billion valuation, in its first-ever institutional fundraising round.Banks, exchanges and asset managers have rapidly blurred the line between traditional finance and digital as
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Dassault Systemes in talks to buy drug trial software firm ArisGlobal, FT reports
July 16 : French software maker Dassault Systemes is in talks to buy drug-trial software maker ArisGlobal from Nordic Capital for about $2 billion, the Financial Times reported on Thursday, citing people familiar with the matter.• The potential deal would extend Dassault Systemes’ foray into software used i
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Google Gemini launch delayed as tech falls short of internal goals, Bloomberg News reports
July 16 : Alphabet’s Google is months behind schedule on the release of Gemini 3.5 Pro, its most powerful flagship AI model, as the tech giant works to improve its capabilities, particularly in coding, Bloomberg News reported on Thursday.The delay comes amid fierce competition among AI developers to boost mod
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Brookfield-backed Csquare valued at $3.24 billion in NYSE debut
July 16 : Brookfield-backed data center provider Csquare’s shares opened marginally lower before trading down about 3 per cent in their New York Stock Exchange debut on Thursday, after the initial public offering was priced below its marketed range.Shares opened at $20.9 after the Dallas-based company priced
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Scientists find new monkey species in Congo’s rainforest
July 16 : Scientists have identified a new species of monkey in Democratic Republic of Congo’s rainforest, distinguished by patches of light-colored skin around its mouth, Florida Atlantic University said in a statement.• The discovery marks only the fifth new monkey species identified in Africa in the last
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Here’s why the housing market is hurting so much this summer
Mortgage rates are high, home prices at record levels and consumers stressed. These are all contributing to a drop in existing home sales and builder sentiment.
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Chipmakers put pressure on equity indexes globally, oil edges down
NEW YORK/LONDON, July 16 : Tech-heavy equity indexes around the world fell on Thursday as investors offloaded chip stocks, while oil futures gave up earlier gains even as the U.S. and Iran stepped up attacks.Chip stocks fell from Asia to the U.S., as higher-than-expected 77 per cent earnings growth from Taiwa
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US wireless carrier Verizon to sell 274 stores, lay off another 500 corporate employees
July 16 : U.S. wireless carrier Verizon said on Thursday it will sell 274 company-owned retail locations and cut about 500 corporate jobs as part of its restructuring.The moves will affect about 3,000 retail and corporate employees. Verizon will own 1,000 stores after the sale, effective August 16. Verizon el
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