Apple beats but comes up light on iPhone sales and services
Apple reported earnings after the bell. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates.
CNBC Technology
Pinterest shares soar on third-quarter revenue beat as it bucks online ads trend
Pinterest shares jumped over 14% after the company posted third-quarter earnings that beat on both revenue and earnings per share.
Comcast tops expectations as it squeezes out a small gain in broadband subscribers
Comcast added 14,000 new broadband customers, a slight rebound from the previous quarter, when it didn't add any broadband subscribers for the first time ever.
Meta shares plunge 24% to the lowest price since 2016
Shares of Meta continued to sell off on Thursday as investors and analysts digested the company's earnings miss and weak outlook.
Shopify shares pop 17% on smaller-than-expected loss
Shopify reported earnings before the opening bell. Here are the results.
Inside the world's first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion
Sono Motors plans to bring a solar-powered EV to market in mid-2023. Priced at $25,000, it will hit the European market first, with plans to expand in the U.S.
Bitcoin miner Core Scientific issues bankruptcy warning and the stock is down 97% for the year
Bitcoin miner Core Scientific raised the possibility of bankruptcy in an SEC filing.
Amazon will open 172,000-square-foot Project Kuiper internet satellite factory
Project Kuiper is Amazon's plan to launch 3,000-plus internet satellites into low Earth orbit to extend high-speed broadband internet access around the globe.
Meta plans to lose even more money building the metaverse while its ads business shrinks
Meta plans to continue investing billions into virtual reality and augmented reality amid investor concern over the health of its online advertising business.
Not a good buy: Rent the Runway, exactly one-year after IPO, is down nearly 90%
Rent the Runway became a force in fashion by renting designer clothes. Exactly one year after its IPO, the stock is down 90%, but its CEO is looking ahead.
Twitter 'cannot become a free-for-all hellscape,' Musk tells advertisers
Billionaire Elon Musk sought to reassure advertisers of his intentions in buying Twitter on the eve of his deadline to close the deal and avoid new trial dates.
Amazon CEO Andy Jassy violated labor laws with union remarks, federal agency alleges
Jassy said in interviews with CNBC's "Squawk Box" and Bloomberg Television that employees could be less empowered in the workplace if they voted in a union.
The biggest tech stocks have lost $3 trillion in market cap over the last year
It's worth noting these Big Tech names are still trading higher than the 52-week lows set on Oct. 13, when the S&P 500 dove to $3,491.
Foxconn's iPhone factory in China — the world's largest — hit by Covid outbreak
Foxconn said that a small Covid outbreak at its iPhone assembly plant in Zhengzhou, China, is "controllable" and production remains "relatively stable."
Meta shares plummet on weak fourth-quarter forecast and earnings miss
Facebook parent Meta reported earnings after the bell. Here are the results.
Seagate will cut 3,000 employees in latest sign of major PC and cloud slowdown
Hard drive maker Seagate Technology said Wednesday it plans to cut 8% of its global workforce, or about 3,000 employee.
Mobileye pops more than 37% in market debut after spinning out of Intel
Shares of self-driving car technology company Mobileye climbed in their first day of trading on Wednesday after Intel sold stock to the public.
Mark Zuckerberg in 2012: 'We don’t build services to make money; we make money to build better services.'
As revenue decreases and spending rises at the company formerly known as Facebook, investors should know they're placing a long-term bet on Zuckerberg.
Microsoft exec says gaming is 'somewhat resilient' to economic weakness
In the Global Financial Crisis, Microsoft's Xbox console business had the best calendar year to date, and Xbox content and services got a pandemic bump in 2020.
Alphabet just had its worst day since March 2020, when Covid shutdowns started in the U.S.
Shares of Alphabet dipped Wednesday, a day after the company released third-quarter earnings that missed on the top and bottom lines.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
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