Nio, the Chinese electric carmaker, reported improved financials in the third quarter, revealing narrowed losses but offering a revenue forecast that fell short of market expectations. The financial performance against LSEG consensus estimates included a revenue of 19.1 billion Chinese yuan ($2.7 billion), slightly below the expected 19.4 billion yuan, and a loss per share… Continue reading China’s EV carmaker Nio jumps 4% after reporting narrower-than-expected losses

Shares of Take-Two Interactive Software, a video game publisher, experienced a 2% decline following the release of the trailer for Grand Theft Auto VI (GTA VI), scheduled for launch in 2025. Originally planned for a 9 a.m. ET release on December 5th, a premature leak prompted Take-Two to expedite the unveiling. The highly anticipated GTA… Continue reading Rockstar Games publishes Grand Theft Auto VI trailer early after it was leaked on X

Executives in the cryptocurrency industry are optimistic about the start of a new bull run, anticipating fresh all-time highs for Bitcoin in 2024, potentially exceeding $100,000. This comes after Bitcoin rallied more than 120% in the current year, with expectations of continued growth into 2024. The industry faced challenges, including the collapse of exchanges and… Continue reading Crypto execs say the bull run is underway and could lead to $100,000 bitcoin in 2024

Spotify, the music streaming giant, witnessed a surge of approximately 10% in its shares following the announcement of a substantial layoff affecting 17% of its workforce. This strategic move is aimed at aligning the company’s costs with its future goals and addressing a slowdown in growth. In an internal memo, Spotify CEO Daniel Ek acknowledged… Continue reading Spotify jumps after saying it will cut 17% of workforce — read the full memo from CEO Daniel Ek

Apple’s success over the past two decades, driving its soaring stock price, has been attributed to iconic consumer devices like the iPhone, iPad, Apple Watch, and AirPods. However, behind these gadgets, Apple has been designing custom chips to power its products. The company shifted to using its own semiconductors in the iPhone 4 in 2010… Continue reading Inside Apple’s chip lab, home to the most ‘profound change’ at the company in decades

Tesla CEO Elon Musk unveiled details about the company’s Cybertruck pickup at an event in Austin, Texas, emphasizing its unique features. Musk claimed the Cybertruck’s hard steel body was bulletproof, and its windows were “rock-proof.” The truck boasts a towing capacity of over 11,000 pounds, acceleration from 0 to 60 mph in 2.6 seconds, and… Continue reading Elon Musk hypes Tesla Cybertruck at deliveries event in Austin

Elon Musk, owner of X (formerly Twitter), made explicit comments at the 2023 DealBook Summit in New York, responding to advertisers leaving the platform due to his amplification of antisemitic posts. Musk dismissed concerns, stating, “If somebody’s going to try to blackmail me with advertising? Blackmail me with money? Go f—yourself. Go. F—. Yourself. Is… Continue reading Elon Musk claims advertisers are trying to ‘blackmail’ him, says ‘Go f— yourself’

X’s CEO, Linda Yaccarino, responded to Elon Musk’s explicit comments directed at advertisers during an interview with CNBC’s Andrew Ross Sorkin at the 2023 DealBook Summit in New York. Musk, who is the owner and CTO of X (formerly known as Twitter), had expressed strong sentiments, stating, “If somebody’s going to try to blackmail me… Continue reading X CEO Linda Yaccarino addresses Musk’s ‘go f—- yourself’ comment to advertisers

The recent update to the Google Maps color scheme has stirred a significant online debate, with users expressing mixed opinions about the changes. The alterations, including gray roads instead of yellow, teal bodies of water instead of a deeper blue, and mint-colored parks instead of green, have triggered a wave of dissatisfaction among users. Former… Continue reading Google Maps changed colors and some people are upset, including a former designer

Apple has reportedly submitted a proposal to terminate its credit card and savings account partnership with Goldman Sachs within the next 12 to 15 months. This potential move would mark the conclusion of a high-profile collaboration between a technology giant and a financial institution. The partnership, established when Apple launched the Apple Card in 2019,… Continue reading Apple is trying to unwind its Goldman Sachs credit card partnership

Amazon is extending its palm-scanning technology, known as Amazon One, beyond its initial applications in grocery stores to cater to the business world with the launch of Amazon One Enterprise. This version of the palm-based payment system is repositioned as an authentication tool, allowing corporate employees to use their hand for secure entry into offices… Continue reading Amazon wants businesses to use its palm-scanning tech to let employees into the office

Activist investor Anson Funds has recently acquired a stake in Twilio, an enterprise software company, and is reportedly pushing for the sale of the entire business, according to a source familiar with the matter. Twilio’s shares experienced a brief uptick of 2% following the news, though they later receded. Anson Funds, which did not hold… Continue reading Activist fund Anson takes Twilio stake, urges board to sell