Amazon has secured three new domain names related to cryptocurrency, sparking speculation that the e-commerce giant could be preparing a move into the cryptocurrency space. However, Amazon Pay’s VP Patrick Gauthier told CNBC last month that Amazon had no plans to accept cryptocurrency because there hasn’t been much demand yet, and Amazon may simply be […]
Read moreYelp‘s stock price fell after hours on Wednesday amid a worse-than-expected financial forecast. Yelp said it expects to earn less revenue than expected for the full 2017 fiscal year amid a light fourth quarter. Yelp’s full-year forecast calls for $839 million to $844 million in revenue. Analysts surveyed by FactSet expected a midpoint of $861.5 […]
Read moreMoney is pouring into space. According to a report on Wednesday from investment firm Space Angels, more than $2 billion of private capital has been invested in space industry companies this year. Venture backers are following the lead of tech entrepreneurs Elon Musk, Richard Branson and Jeff Bezos, who are all racing to build and […]
Read moreQualcomm reported quarterly earnings and revenue on Wednesday that beat analysts’ expectations, even as the chipmaker remains mired in a costly legal battle with Apple. Here’s how Qualcomm did compared to what Wall Street expected: Earnings per share of 92 cents vs. 81 cents expected, according to Thomson Reuters Revenue of $5.96 billion vs. $5.8 […]
Read moreSome of the ads posted to Facebook by Russia-affiliated groups ahead of the U.S. presidential election were recently published by the House Intelligence Committee. The release follows a confirmation earlier this week from Facebook that organizations controlled by the Russian government posted more than 80,000 times reaching as many as 126 million Americans with its […]
Read moreFacebook is expected to report higher third-quarter profit after the closing bell, as revenue is seen rising 40 percent from a year ago on higher sales of digital ads. The company is expected to say earnings rose to $1.28 per share, according to the consensus estimate of analysts compiled by Thomson Reuters, up from $1.09 […]
Read moreTesla reports earnings after the bell on Wednesday. Here’s what Wall Street expects: Adjusted loss per share of $2.29, according to Thomson Reuters Revenue: $2.95 billion, according to Thomson Reuters The California-based electric car maker is continuing to ramp up production of its Model 3 sedan, after bottlenecks resulted in the company falling far short […]
Read moreTax reform is sorely needed and should have been done years ago, Apple CEO Tim Cook told NBC News‘ Lester Holt. Apple has a deep understanding of the effects of taxes on business, Cook said, telling NBC that companies don’t bring cash back to the U.S. because of taxes. “[T]his isn’t good for the U.S. […]
Read moreThe heavy favorite to be named the next head of the U.S. central bank has indicated he isn’t against bitcoin, but isn’t embracing the idea of a central bank-issued digital currency. President Donald Trump is expected to announce his pick for the next Federal Reserve chair Thursday, and the latest reports indicate he is leaning […]
Read moreAdvertising technology companies like Facebook and Twitter have said they will make drastic improvements to safety and security of their platforms — but they may face regulation from Congress anyway, two technology industry veterans said. “My guess it will be a mix of some self-regulation with the big major players, Facebook and Google, in particular, […]
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