Tag: Business
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Figma’s upbeat outlook fails to stem margin worries as AI costs mount; shares slump
Aug 5 : Figma on Wednesday reported a sharp rise in costs and a decline in profit margins as the design software company ramps up AI investments, triggering a 16 per cent slump in its shares in after-hours trading, despite a rosy annual revenue forecast. The company left its full-year operating income forecas
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Chime raises 2026 revenue forecast on robust demand, CFO to step down
Aug 5 : Chime raised its full-year revenue growth forecast above Wall Street estimates on strong demand for its digital banking products, and announced the departure of longtime Chief Financial Officer Matt Newcomb. Shares of the company were last up 8 per cent in extended trading on Wednesday. Chime a
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EBay forecasts upbeat quarterly revenue as high-value categories drive momentum
Aug 5 : EBay forecast third-quarter revenue above Wall Street estimates on Wednesday, leaning on its push into authenticated luxury goods, collectibles and refurbished products to bring more high-value buyers to its online marketplace.The results are the first since the company rebuffed GameStop’s about $56 b
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Jim Cramer says the market’s biggest opportunities have room for multiple winners
CNBC’s Jim Cramer said not to make the mistake of treating fast-growing industries as winner-take-all markets because multiple companies can succeed.
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Shopify exec says AI is ushering in a ‘golden age of entrepreneurship’
Shopify President Harley Finkelstein said AI is making it easier for entrepreneurs to launch and grow businesses.
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Cramer’s lightning round: ‘Fortinet is good’
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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Jim Cramer says investors should consider buying SpaceX for their kids
CNBC’s Jim Cramer said investors should view SpaceX as a multigenerational investment, whose biggest opportunities may take decades to fully materialize.
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Axon posts lower quarterly gross margin on higher mix of services, new product scaling
Aug 5 : TASER-maker Axon Enterprise posted lower second-quarter gross margin on Wednesday, weighed by a higher mix of less lucrative professional services and investments in scaling new product offerings. Shares of the Scottsdale, Arizona-based company fell more than 6 per cent in aftermarket trading followin
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Meta’s AI model hacked another company during testing, The Information reports
Aug 5 : Meta’s Muse Spark AI model hacked another company during cybersecurity testing, The Information reported on Wednesday.The model breached the company’s systems and made changes to its internal systems due to a misconfiguration, the Information said, citing people familiar with the matter.Reuters
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Motorola Solutions lifts annual guidance on resilient public safety demand
Aug 5 : Motorola Solutions raised its full-year revenue outlook above Wall Street estimates, betting on strong demand for public safety communications equipment and software.The company, which makes radio communication equipment, 911 emergency call handling software, and body cameras widely used by law enforc
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