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Tag Archives: CNBC
Qualcomm tops estimates for earnings and revenue on strong smartphone demand
Qualcomm reported first-quarter earnings on Wednesday that beat consensus expectations on both the top and bottom line.
AMD shares drop 10% on disappointing data center revenue
Advanced Micro Devices shares fell on Wednesday after the chipmaker under-delivered on Wall Street’s estimates for its important data center business.
Alphabet shares fall more than 7% on revenue miss, AI investment boost
Alphabet shares dropped after the search giant fell short of Wall Street’s fourth-quarter revenue expectations and announced big spending plans
Teladoc Health to acquire Catapult Health in $65 million deal
At JPMorgan’s health-care conference in January, Teladoc said it is actively working to grow membership and use of services within its integrated care segment.
USPS says it will resume accepting inbound packages from China, Hong Kong
The USPS said it will resume accepting inbound mail and packages from China and Hong Kong Posts, just hours after it suspended service from those regions.
Uber beats fourth-quarter revenue expectations but offers soft guidance
Uber’s mobility segment reported $6.91 billion in revenue, up 25% from a year earlier. StreetAccount analysts were expecting $6.77 billion.
Uber opens ‘interest list’ for Waymo robotaxi rides in Austin
Uber and Waymo beat Tesla to the punch offering robotaxi rides in Austin, Texas
Apple shares fall 3% in premarket after China reportedly considers probe into App Store practices
China’s market regulator is considering whether to open a formal probe into the iPhone giant’s App Store fees and policies, Bloomberg reported.
Toyota Motor posts nearly 28% drop in third-quarter operating profit, missing estimates
Toyota Motor on Wednesday reported a second consecutive fall in profit, as it navigates competition in China and a market shift toward electric vehicles.
USPS temporarily suspends some inbound packages from China, Hong Kong
The change comes after President Donald Trump announced new tariffs that also target a popular trade loophole, called “de minimis.”