Newsfeeds Archive - Page 38 of 270

2 minute read

Apple’s Biggest iPhone Assembler Posts 72% Profit Surge Even As Revenue Takes Hit From Weaker Consumer Electronics Demand

May 14, 4:11 AM

Taiwan's Hon Hai Precision operating as Foxconn Technology Group has reported a significant increase in its first quarter net profit, despite a decline in revenue attributed to weakened consumer electronics demand.

AAPL

2 minute read

High-Performance Memory Chip Supply To Stay Tight In 2024 Amid Surging AI Demand, Major Manufacturers Face Shortages

By Benzinga Neuro

May 14, 2:45 AM

The global supply of high-performance memory chips is expected to remain constrained throughout 2024, driven by the soaring demand for artificial intelligence technology.

2 minute read

Novo Nordisk’s Wegovy Delivers: Long-Term Study Shows Sustained Weight Loss As Drugmaker Tries To Woo Insurers And Governments

By Benzinga Neuro

May 14, 2:26 AM

The data could potentially bolster Novo's case for Wegovy as it attempts to convince insurers and governments to cover the cost of the drug.

NONOF

2 minute read

‘Big Short’ Fame Investor Expects Elon Musk’s Tesla Shares To Plunge 70%: ‘People Are Going To Start To Lose Patience’

By Benzinga Neuro

May 14, 2:17 AM

Elon Musk's Tesla is likely to experience a significant decline in its stock value, according to a prominent investor. The investor's prediction is based on the company's recent developments and its future prospects.

TSLA

2 minute read

Trump Media Firm’s Tech-Ad Partner Rumble Sues Google For $1B Over Alleged Ad Monopoly

By Benzinga Neuro

May 14, 2:00 AM

Rumble adds that Google has preserved its monopoly by striking a deal with Meta's Facebook to prevent it from offering alternatives to Google's ad tech ecosystem.

DJT

2 minute read

Mark Cuban Says SEC Didn’t Learn A Thing After Mt. Gox, Applauds Japan’s Response: ‘They Are Still So Stupid’

By Benzinga Neuro

May 14, 12:18 AM

Mark Cuban, the billionaire investor and television personality, criticized the U.S. Securities and Exchange Commission for its inaction following the Mt. Gox debacle. Cuban also lauded Japan’s regulatory response to the incident.

BTC

2 minute read

Google’s Search Business Could Be Challenged By OpenAI, Says Gene Munster: ‘It’s A Function Of Time’

By Benzinga Neuro

May 13, 11:33 PM

Gene Munster, a tech analyst at Deepwater Asset Management, predicts that OpenAI could become a significant competitor to Google in the search business, despite its ties with Microsoft. Munster's forecast follows reports of a potential partnership between Apple and OpenAI.

AAPL

2 minute read

Cathie Wood’s Ark Invest Buys $18M In Shopify Stock Amid Price Dip, Sells Shares In Bitcoin Bull Jack Dorsey’s Block Inc

By Benzinga Neuro

May 13, 10:27 PM

On Monday, Cathie Wood’s Ark Invest made some significant trades, the most notable being the purchase of Shopify Inc (NYSE:SHOP) shares and the sale of Block Inc (NYSE:SQ) shares.

ARKF

3 minute read

Elon Musk’s Tesla Faces FSD Uptake Challenge As Only 2% Of Free Trial Users Subscribe, Gary Black Terms The Figure ‘Disappointing’

By Benzinga Neuro

May 13, 9:47 PM

Gary Black, a prominent figure at Future Fund, has raised concerns over the low uptake of Tesla's Full Self-Driving subscription service. Only 2% of the free trial users have opted for the subscription, a figure that is below expectations.

TSLA