Samsung Electronics has posted quarterly profit that topped analyst estimates on growth in its memory chip business, but signalled caution in semiconductors by announcing a cut in capital spending for the year.
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Facebook CEO Mark Zuckerberg is betting the company’s future on video and disappearing posts called “stories”, not the company’s famous news feed. Investors are buying into the vision for now.
It wasn’t a dream or an exaggeration by cautious Facebook executives. The company’s financial results are weakening, just as executives warned they would a few months ago.
Investors hoping for a reprieve from the worst month for technology stocks in a decade were greeted with more selling on Monday.
Sony has upgraded its earnings outlook for a second straight quarter, thanks to a plethora of hit videogame titles that are boosting the PlayStation business.
Qualcomm says its fight with Apple over how much the chip maker can charge for essential patented technology used in iPhones and iPads is getting pricey.
Tesla CEO Elon Musk has said the $20-million penalty he was given for announcing on Twitter that he had funding to take the electric vehicle maker private was “worth it”.
The growth engines of Amazon.com and Alphabet, the world’s largest Internet companies, sputtered last quarter, and after weeks of stock market jitters, investors were in no mood to give them a pass.
Oracle founder Larry Ellison is a big believer in Tesla and defender of his friend Elon Musk.
Cathay Pacific Airways, Asia’s biggest international carrier, said a hacker gained access to information on about 9.4 million passengers, the third major global airline to report a data breach this year.