Newsfeeds Archive - Page 40 of 503

2 minute read

What’s Going On With Salesforce and Informatica Stock Monday?

April 22, 9:27 AM

Salesforce Inc (NYSE: CRM) discontinues negotiations to acquire Informatica Inc (NYSE: INFA) due to disagreements on the acquisition terms. Talks were close to making it one of Salesforce's most significant purchases, as per sources familiar with Reuters.

ARM

2 minute read

Verizon’s Q1: Flat Revenue, Bump In Free Cash Flow And Stable 2024 Outlook

By Anusuya Lahiri

April 22, 9:01 AM

Verizon Communications Inc. announces slight sales growth in Q1 2024, hitting $32.98 billion, with adjusted EPS topping expectations at $1.15. Despite missing sales consensus, wireless service revenue rose by 3.3% year-on-year, driven by strategic pricing and subscriber growth. The company sees strong broadband additions and reiterates optimistic financial guidance for the year.

DJD

2 minute read

Nvidia Joins Forces with Japan’s Tech Institute for Hybrid Supercomputer Project

By Anusuya Lahiri

April 22, 8:44 AM

Nvidia partners with Japan's National Institute of Advanced Industrial Science and Technology to develop a hybrid supercomputer incorporating quantum computing capabilities for businesses and researchers, promoting the growth of quantum technology and AI in Japan.

AMZN

2 minute read

Roku’s Analysts Are Changing Their Forecasts On The Stock – Here’s Why

By Anusuya Lahiri

April 19, 12:40 PM

Analyst reiterates Buy rating and $115 PT for Roku Inc (NASDAQ: ROKU), notes tough months but maintains above-consensus view for Q4 2024 and 2025. Expects positive EBITDA in 2024 and FCF growth. Possible headwinds in e-commerce. Stock trading at $57.55.

ARKK

2 minute read

Meta’s AI Edge: Undervalued Assets Could Drive Surprising Gains, Analysts Say

By Anusuya Lahiri

April 19, 12:05 PM

BofA Securities projects Meta Platforms' Q1 revenue to soar to $36.4 billion, fueled by robust ad growth and strong Instagram engagement.

Mastercard’s Latest Virtual Card App Move to Boost Contactless Payments; Analyst Eyes Substantial Growth Citing Advanced Security and Digital Innovations

By Anusuya Lahiri

April 19, 11:35 AM

Mastercard unveils a groundbreaking mobile virtual card app, transforming the integration of commercial cards with digital wallets for a seamless, secure payment experience, first adopted by HSBC Australia and Westpac.

1 minute read

Wipro Beats Revenue Expectations In Q4, Anticipates Steady Growth Driven By Tech Demand

By Anusuya Lahiri

April 19, 10:17 AM

Wipro Ltd (NYSE: WIT) reports Q4 results with revenue of INR222.1 billion and EPS of $0.07. IT Services revenue declined by 6.4% Y/Y. Stock gained 19% in 12 months.

DGIN

2 minute read

Pay More for Chips Made Outside Taiwan as AI Demand Soars and Global Expansion Continues, Taiwan Semiconductor

By Anusuya Lahiri

April 19, 9:35 AM

Taiwan Semiconductor Manufacturing Co. adapts to geopolitical tensions and escalating production costs by increasing prices for chips manufactured beyond Taiwan's borders. This strategic shift supports TSMC's global expansion efforts and reflects the industry's response to diversifying semiconductor supplies, mitigating risks associated with China's territorial claims.

NVDA

2 minute read

Alibaba’s Taobao Launches 3D Shopping App for Apple’s Vision Pro – A New Era for Online Retail in China

By Anusuya Lahiri

April 19, 9:13 AM

Alibaba introduces shopping app for Apple's VR headset, gaining positive feedback from early Chinese adopters. Stock down 26% in past 12 months.

AAPL

2 minute read

Increase In Card Member Spending Boosts Amex Q1 Revenue, Company Eyes Steady Annual Growth

By Anusuya Lahiri

April 19, 8:30 AM

American Express Co. (NYSE: AXP) outperformed in fiscal Q1 2024, with revenues up 11% to $15.80 billion, thanks to higher net interest income and increased Card Member spending. EPS at $3.33 exceeded expectations, highlighting robust spending growth and strategic fee-based product offerings, drawing significant interest from younger consumers.

AXP