US home prices in February rose more than 6% from the prior year, the
Bally's Corporation (NYSE: BALY) has reported a 3% increase in
Samsung Electronics reported a strong Q1 2024 financial performance. Memory chip sales rebounded, driving operating profit by over 930%, driven by demand for AI-specific servers, memory chips, and storage solutions.
Vinted, the popular online marketplace for second-hand fashion, has announced its first-ever annual profit. The milestone follows a strong 2023, reaching €596.3mn in revenue — a 61% increase compared to the previous year (€370.2mn). With an adjusted EBITDA at €76.6mn, Vinted turned a €20.4mn net loss in 2022 into a €17.8mn net profit in 2023. The startup attributes its profitability to significant growth, starting with increased penetration in existing markets and its expansion to...
Meta’s shares dropped about 10% in extended trade following the report, evaporating $125 billion worth of stock market value.
Apple appears to be developing its own custom AI server processor, aiming to commence mass production by the second half of 2025. The speculation originates from "Phone Chip Expert," a Weibo user known for accurately predicting Apple's moves in the mobile industry.Read Entire Article
Bitcoin mining firms diversify their revenue streams to brace for halving.
Whether this ends up as a blip on the radar or the start of a downward trend is unclear
AMD has teamed up with Arm for its Versal AI Edge Series Gen 2 adaptive SoCs for AI-driven embedded systems.
Alphabet and Microsoft ignited a rally in technology stocks on Friday with earnings that showed big AI investments were driving growth, allaying doubts that their costly bets would take time to pay off after a soft forecast from Meta Platforms. Alphabet rose 10%, crossing $2 trillion in market value with a gain of about $180 billion as it sweetened the pot for investors with its maiden dividend and a $70 billion stock buyback. The world's fourth most valuable firm flirted with the milestone on...
Google is shutting down access to its PaLM API and wants developers to use the paid Gemini 1.0 Pro instead.
HSBC Holdings plc announced on Tuesday its revenues increased by 0.3% from the same period a year ago to $20.8 billion in the first fiscal quarter of 2024.The bank's profit before tax decreased by $0.