#author_name|Mariella Moon, #Company Earnings Samsung posts a 23 percent profit decline due to weak demand Samsung has reported a record consolidated revenue of 76.78 trillion Korean won (US$54 billion) for the third quarter of 2022, but it has also posted Wednesday, October 26, 2022 Share
#author_name|Karissa Bell, #Company Earnings Meta says it will lose even more money on the metaverse in 2023 A year later, Meta’s pivot to the metaverse is proving even more expensive. Reality Labs is losing more money than ever, Facebook’s parent company dis Wednesday, October 26, 2022 Share
#author_name|Andrew Tarantola, #Finance EV startup Arrival to refocus business on electric vans for the US market In 2018, fledgling EV maker Arrival partnered with UPS to build a new generation of electric delivery vans, beginning with a pilot fleet of 35 vehicle Thursday, October 20, 2022 Share
#author_name|Andrew Tarantola, #Automotive Industry Tesla's chaotic third quarter saw profits climb but revenue falter Tesla faced increasing transportation costs paired with " raw material cost inflation ," continued component shortages and a strengthening dol Wednesday, October 19, 2022 Share
#author_name|Devindra Hardawar, #Autos BMW will spend $1.7 billion to build EVs in the US It's a big day for huge EV investments in the US. The Biden admin announced it's awarding $2.8 billion to companies developing EV battery mate Wednesday, October 19, 2022 Share
#author_name|Jon Fingas, #Banking & Budgeting Apple Card users can soon sign up for a 'high-yield' savings account Your Apple Card is now more of a full-fledged banking service. Apple has introduced a "high-yield" savings account from Goldman Sachs that w Thursday, October 13, 2022 Share
#author_name|Mariella Moon, #Finance Intel will reportedly lay off thousands of employees as PC sales slow Intel had long been expecting a decline in PC sales after a period of heightened demand due to work-and-study-from-home arrangements brought about by Wednesday, October 12, 2022 Share
#author_name|Jon Fingas, #Finance Mastercard wants to make crypto purchases less risky Crypto is still loaded with uncertainty , but Mastercard is betting that it can assuage buyers' minds. The credit card giant has introduced a Crypt Tuesday, October 04, 2022 Share
#author_name|Kris Holt, #Finance Coinbase users were unable to withdraw funds to US bank accounts for six hours Coinbase users were unable to carry out US bank account transactions for around six hours on Sunday. An issue with the Automated Clearing House Networ Sunday, October 02, 2022 Share
#author_name|Mariella Moon, #Finance Intel-owned autonomous driving tech company Mobileye files for an IPO Mobileye, the self-driving tech firm that Intel had purchased for $15.3 billion back in 2017, has filed for an IPO with the Securities and Exchange Co Saturday, October 01, 2022 Share
#author_name|Kris Holt, #Finance Meta reportedly suspends all hiring, warns staff of possible layoffs As with many other industries, the tech sector has been feeling the squeeze of the global economic slowdown this year. Meta isn't immune from that Thursday, September 29, 2022 Share
#author_name|Igor Bonifacic, #Business SEC sues former MoviePass executives for fraud The US Securities and Exchange Commission has filed a lawsuit against two former MoviePass executives. In a federal complaint seen by Bloomberg , the a Tuesday, September 27, 2022 Share
#author_name|Andrew Tarantola, #Finance Hitting the Books: How Southeast Asia's largest bank uses AI to fight financial fraud Yes, robots are coming to take our jobs. That's a good thing, we should be happy they are because those jobs they're taking kinda suck. Do you Sunday, September 25, 2022 Share
#author_name|Kris Holt, #Finance Peloton's connected Bike rentals are now available across 48 states Peloton is expanding a rental program for its Bike and Bike+ fitness equipment. Now, anyone in the contiguous US (sorry, Alaska and Hawaii) can try on Tuesday, September 13, 2022 Share
#author_name|Kris Holt, #Finance Crypto.com refunded someone $7.2 million by mistake When Australian woman Thevamanogari Manivel put in a Crypto.com refund request last year, she got far more than she bargained for. Manivel asked for a Wednesday, August 31, 2022 Share
#Acquisitions & Takeovers, #author_name|Steve Dent Sony and Tencent now own almost a third of ‘Elden Ring’ studio FromSoftware Sony has joined forces with Tencent to purchase a 30.34 percent share of FromSoftware, the developer behind titles like Elden Ring , Dark Souls 3 and Bl Wednesday, August 31, 2022 Share
#author_name|Igor Bonifacic, #Business Pegasus spyware creator NSO Group plans layoffs after CEO steps down Following more than two years of controversy, the chief executive officer of Pegasus spyware creator NSO Group is stepping down. On Sunday, co-founder Sunday, August 21, 2022 Share
#author_name|Igor Bonifacic, #Consumer Discretionary Less than 1 percent of Netflix’s subscribers are playing its games Netflix’s entry into the gaming market is off to a slow start. According to an analysis performed by Apptopia on behalf of CNBC , the streaming giant’s Monday, August 08, 2022 Share
#author_name|Mariella Moon, #Finance SoundCloud is laying off 20 percent of its workforce SoundCloud is joining the depressingly long list of companies in the tech industry that are letting personnel go due to the economic downturn. Accordi Thursday, August 04, 2022 Share
#author_name|Steve Dent, #Finance Nintendo’s Switch sales drop as it contends with chip shortage Nintendo's Switch sales fell significantly last quarter, dropping to 3.43 million units compared to 4.45 million during the same period last year, Wednesday, August 03, 2022 Share