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Tag Archives: CNBC
TikTok’s traffic bounces back despite being pulled off app stores, fears of shutdown
TikTok has maintained about 90% of its user traffic in the U.S., despite briefly going offline and being removed from the Apple and Google app stores.
Samsung fourth-quarter profit misses estimates, falls sharply from previous quarter
Samsung Electronics reported better-than-expected fourth-quarter revenue and operating profit, though the latter dropped by nearly a third from the previous quarter.
Cook points to ‘fiscal stimulus’ after Apple suffers steepest China sales decline in a year
China is “the most competitive market in the world,” Cook told analysts on Thursday.
Instagram tests Reels pause feature as TikTok remains in limbo
Meta is testing a pause feature with a small group of users on Instagram Reels.
Apple’s gross margin hits record as services business keeps growing
As services become a bigger part of Apple’s business, the company continues to deliver higher profit margins for investors.
Intel issues weak forecast, citing seasonality and an uncertain economy
Intel said seasonality, competition and an uncertain economy are resulting in challenges to its business.
OpenAI in talks to raise funding that would value AI startup at up to $340 billion
SoftBank would contribute as much as $25 billion to OpenAI’s funding round and become the largest investor.
UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half
UPS has shifted away from less profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.
Apple reports first-quarter earnings after the bell
Analysts are concerned about how Apple will signal the March quarter is shaking out.
Crypto super PAC Fairshake has $116 million on hand to grow industry’s influence in 2026 election
Major backers like Coinbase, a16z, Jump Crypto, Uniswap Labs, and Ripple Labs have doubled down on their commitment to electing pro-crypto candidates.