Tech platforms make pitch for ad deals as TikTok is roiled by politics
By Sheila Dang (Reuters) - Short-form video took center stage at tech and social media companies' annual presentations to advertisers, as platforms like Snap and Meta look to capitalize on TikTok's political uncertainty in the U.S. to take ad dolla...
22h ago
Google faces second day of closing arguments in US antitrust trial
By Mike Scarcella WASHINGTON (Reuters) - The U.S. government will lay out its antitrust case against Alphabet's Google on Friday in a second day of closing arguments focused on accusations that the online search leader broke the law to stay on top ...
22h ago
Intesa targets new digital-only clients after antritrust blow
By Valentina Za MILAN (Reuters) - Italy's biggest bank Intesa Sanpaolo on Friday said it had acquired some 90,000 new customers through its digital-only arm Isybank, after an antitrust decision effectively halted the migration of existing clients. ...
May 03, 2024
Expedia shares fall as Vrbo weakness weighs on revenue forecast
(Reuters) - Expedia shares sank about 9% in premarket trading on Friday, after the online booking firm cut its annual forecast for revenue growth due to weakness at its vacation rentals brand Vrbo. The company, which is known for its three brands E...
May 03, 2024
Russian cyber attacks targeted defence, aerospace sectors, Berlin says
BERLIN (Reuters) - A series of cyber attacks attributable to the Russian military intelligence service GRU targeted Germany's governing Social Democrats as well as the country's logistics, defence, aerospace and IT sectors, the interior ministry sa...
May 03, 2024
Sony and Apollo submit $26 billion Paramount offer, WSJ reports
(Reuters) - Sony Pictures Entertainment (SPE) and Apollo Global Management have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported. The two companies submitted the non-binding offer letter on Wednesday, signed by S...
May 03, 2024
Analysis-Apple aims to tell an AI story without AI bills
By Stephen Nellis (Reuters) - For most of the past year and a half, Apple Chief Executive Tim Cook has fielded questions from Wall Street analysts about his plans for artificial intelligence amid grumbling that the iPhone maker has no AI story to t...
May 03, 2024
Stay alert: Quake warning app demand surges in earthquake-rattled Taiwan
By Yimou Lee and Angie Teo TAIPEI (Reuters) - Earthquake warning smartphone apps have surged in popularity in Taiwan due to high demand from people eager to get a few extra seconds to take cover after more than 1,300 aftershocks rattled the island ...
May 03, 2024
Apple sales fall less than expected, CEO sees return to growth
By Stephen Nellis, Max A. Cherney and Yuvraj Malik (Reuters) -Apple on Thursday reported a smaller than expected decline in quarterly revenue, and Chief Executive Tim Cook told Reuters the company expects a return to sales growth in the current quarter...
May 02, 2024
Expedia lowers full-year revenue forecast on slow B2C growth
(Reuters) - Online travel agency Expedia cut its 2024 revenue growth forecast on Thursday, as gross bookings were hit by poor performance in its business-to-consumer segment. Shares of the company were down about 8% after the bell. "Given the Vrbo ...
May 02, 2024
Cloudflare reports wider first-quarter operating loss, shares slide
(Reuters) - Cloudflare reported wider first-quarter operating loss on Thursday as sales and marketing costs jumped in the period, sending shares down 12% in trading after the bell. High interest rates have hurt enterprise budgets as businesses expe...
May 02, 2024
Fortinet projects quarterly billings below estimates as competition heats up
(Reuters) - Fortinet forecast second-quarter billings below Wall Street estimates on Thursday, hurt by muted enterprise spending and stiff competition from companies that act as one-stop shops for cybersecurity tools. Shares of the Sunnyvale, Calif...
May 02, 2024
Coinbase posts soaring profit on jump in crypto prices
(Reuters) - Coinbase Global posted a sizable jump in profit in the first-quarter, helped by an uptick in cryptocurrency trading following the launch of the first U.S. spot bitcoin exchange-traded funds in January. The company on Thursday reported a...
May 02, 2024
Bain Capital looking at French tech company Atos, reports Les Echos
PARIS (Reuters) - U.S. private equity firm Bain Capital is looking at French tech and software company Atos, reported French paper Les Echos on its website, citing sources. Atos is in the middle of a restructuring and planned asset sale programme. ...
May 02, 2024
Many US telecom firms need more funding to replace Huawei and ZTE equipment, FCC says
WASHINGTON (Reuters) - The Federal Communications Commission (FCC) said on Thursday nearly 40% of U.S. telecom companies need additional government funding to remove equipment made by Chinese telecoms firms Huawei and ZTE from American wireless net...
May 02, 2024
Oracle updates database technology for AI chatbots
By Stephen Nellis (Reuters) - Oracle on Thursday released an update to its database technology intended to make it more useful with artificial intelligence technology. The update, which is called Oracle Database 23ai, introduces technology that wil...
May 02, 2024
RIA custodian Altruist valued at over $1.5 billion in latest funding round
(Reuters) - Altruist said on Thursday it had raised fresh capital in a funding round that gave the custodian for registered investment advisors (RIAs) a valuation of more than $1.5 billion. It raised $169 million in a series E funding round led by ...
May 02, 2024
Apple to extend new core technology fee to iPadOS apps
By Foo Yun Chee BRUSSELS (Reuters) - Apple will extend a newly introduced core technology fee to iPadOS apps downloaded on its App Store after the operating system for iPads was added to a list of key services subject to EU tech rules, the iPhone m...
May 02, 2024
Indian IT firm Coforge's Q4 revenue just short of estimates, contract wins double
BENGALURU (Reuters) - Indian IT company Coforge reported a marginally smaller-than-expected fourth-quarter revenue on Thursday amid overall tepid tech spending from clients. WHY IT'S IMPORTANT India's $254 billion IT sector has been struggling in r...
May 02, 2024
Israeli cyber startup Apex gets initial investment from OpenAI's Altman
By Steven Scheer JERUSALEM (Reuters) - Israeli cyber security start-up Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Alt...
May 02, 2024
Freshworks plunges after cutting annual revenue forecast, CEO transition
(Reuters) - Freshworks' shares plunged nearly 30% in premarket trading on Thursday after the CRM software maker cut its full-year revenue forecast and named a new CEO. The company now expects annual revenue between $695 million and $705 million, co...
May 02, 2024
Ametek beats profit estimates on strong demand from aerospace, defense sectors
(Reuters) - Industrial technology solutions provider Ametek beat estimates for first-quarter profit on Thursday, as it benefited from a boom in the aerospace and defense sectors. Robust air travel demand and simmering geopolitical tensions have dri...
May 02, 2024
Nigeria court adjourns Binance and execs trial to May 17
By Camillus Eboh ABUJA (Reuters) - A Nigerian court on Thursday adjourned a money laundering trial against cryptocurrency exchange Binance and two of its executives to May 17 after a lawyer for the exchange said he had not been served with document...
May 02, 2024
Qualcomm jumps as AI sparks rebound in Chinese smartphone market
(Reuters) - Qualcomm shares rose 4% in premarket trading on Thursday after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, after a two-year slump. Sales to Chinese smartphone makers jumped 40% in the f...
May 02, 2024
Google faces closing arguments in US market power trial
WASHINGTON (Reuters) - The U.S. government will layout its antitrust case against Alphabet's Google in closing arguments on Thursday, wrapping up a trial in which the online search leader is accused of breaking the law to stay on top. The U.S. gove...
May 02, 2024