Apple officially launched its Vision Pro virtual reality headset in the U.S., with preordering customers now receiving or picking up the device from Apple Store locations. Apple CEO Tim Cook celebrated the headset’s release at the flagship Fifth Avenue store in New York City, where he spoke to CNBC’s Jim Cramer about the high price… Continue reading Apple’s Vision Pro virtual reality headset launches in U.S.

Meta shares experienced a significant surge, jumping over 20% and marking their third-best day ever as the company unveiled a remarkable tripling in fourth-quarter profit, accompanied by its inaugural dividend declaration. The reported revenue for Meta in Q4 soared by 25%, reaching $40.1 billion, reflecting the swiftest growth rate since mid-2021 and signaling a continued… Continue reading Meta shares surge 20% on soaring profit, better-than-expected guidance and first-ever dividend

Meta is scheduled to announce its fourth-quarter earnings, with analysts from LSEG, formerly Refinitiv, anticipating earnings of $4.96 per share and revenue of $39.18 billion. Key user metrics to be scrutinized include the expected 2.08 billion daily active users (DAUs), 3.06 billion monthly active users (MAUs), and an average revenue per user (ARPU) of $12.81.… Continue reading Meta to report fourth-quarter earnings after the bell

Amazon is set to announce its fourth-quarter earnings, and analysts anticipate robust figures. Projections indicate earnings per share of 80 cents and revenue of $166.2 billion, with specific expectations for Amazon Web Services at $24.2 billion and advertising at $14.2 billion. This quarter is anticipated to showcase a significant increase in profits compared to the… Continue reading Amazon set to report fourth-quarter earnings after the bell

Leading social media executives, including Mark Zuckerberg of Meta, Linda Yaccarino of X (formerly Twitter), Evan Spiegel of Snap, Shou Zi Chew of TikTok, and Jason Citron of Discord, are facing scrutiny from lawmakers in a Senate Judiciary Committee hearing focused on child exploitation and safety on their platforms. Lawmakers from both parties criticize the… Continue reading CEOs of Meta, TikTok, X, Snap and Discord testify at hearing on child safety

Quarterly results from Alphabet and Microsoft, both surpassing revenue and earnings estimates, faced a lukewarm response from Wall Street. The stocks experienced a sell-off in extended trading, revealing that investors, perhaps expecting positive surprises, had priced them for perfection. Alphabet shares, up 56% for the year, reached a new high recently, with Microsoft boasting a… Continue reading Wall Street punishes Alphabet and Microsoft despite earnings beats after stocks hit record

Industrial technology company Trimble has announced a $800 million share buyback program and the addition of two directors to its board, following the disclosure of a stake by activist investor Jana Partners a few weeks ago. The new directors, Ron Nersesian and Kara Sprague, will join the board in February. Nersesian, the chairman and former… Continue reading Trimble to buy back $800 million worth of shares, expand board following Jana investment

The article discusses the newly launched Apple Vision Pro headset, providing a comprehensive review based on a week of testing. Priced at $3,500, the headset marks Apple’s major foray into the market since the Apple Watch in 2015. The author praises the device for its groundbreaking “spatial computing” experience, introducing a new world of interactions… Continue reading Apple Vision Pro review: This is the future of computing and entertainment

As the tech industry emerges from a two-year decline in mergers and acquisitions (M&A), activist investors are intensifying their focus on the sector, sensing a revival in deal activity in 2024. Activists, known for acquiring significant stakes in companies with the aim of pushing for a sale at a higher price, are increasingly recognizing the… Continue reading Activists are eyeing tech stocks ahead of expected M&A rebound after two-year lull

In a surprising turn of events, Amazon announced on Monday that it will not proceed with the planned acquisition of vacuum-maker iRobot, citing the absence of a viable path to regulatory approval for the deal. This decision follows reports from The Wall Street Journal stating that the European Union (EU) would not grant regulatory approval.… Continue reading Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff

Intel shares experienced a significant decline of 12% on Friday, marking the steepest drop since July 2020. The downturn followed Intel’s issuance of a forecast for the current quarter that fell far short of analysts’ expectations. In its earnings report on Thursday, Intel exceeded projections for profit and revenue, but the chipmaker’s outlook for the… Continue reading Intel on pace for worst day since 2020 on weak outlook

The stock market is witnessing record highs, with the S&P 500 and Nasdaq reaching unprecedented levels. Alphabet, Meta, and Microsoft have achieved new market cap milestones, with the latter surpassing $3 trillion. However, beneath this seemingly celebratory atmosphere, the tech industry is experiencing a surge in layoffs. In January alone, 85 tech companies have laid… Continue reading Tech layoffs balloon in January as Wall Street rally lifts Alphabet, Meta, Microsoft to records