Alibaba Reports Quarterly Disappointing Profit, Halts Full Spin-Off of Cloud Group In the latest financial report, Chinese e-commerce giant Alibaba revealed that its quarterly profit fell below market expectations. This news led to a drop of over 8.3% in its U.S. shares during pre-market trading. Key figures from the September quarter revealed that the company’s…
Palo Alto Networks (PANW) recently announced its fiscal 2024 first-quarter results, reporting strong numbers but lowering its full-year billings outlook. This caused the stock to slide in after-hours trading due to concerns over the rising cost of money. Revenue for the quarter ended Oct. 31 increased 20% year-over-year to $1.88 billion, beating the consensus estimate…
Cisco shares plunged by as much as 13% in extended trading on Wednesday after the global tech giant cautioned on its future earnings. The networking hardware manufacturer released results for the fiscal first quarter, which ended on October 28, revealing earnings of $1.11 per share, adjusted, versus the expected $1.03 per share. Revenue of $14.67…
Leading Fintech Company GoCardless Considering Merger and Acquisition Deals to Bolster Market Share In a highly competitive field, British fintech company GoCardless aims to secure its position through potential mergers and acquisitions. Hiroki Takeuchi, GoCardless’ CEO, disclosed in an interview with CNBC that the company is exploring opportunities to accelerate growth, add value to its…
CNBC Investing Club with Jim Cramer: Key Moments from Monday’s Morning Meeting The CNBC Investing Club with Jim Cramer held its Morning Meeting livestream at 10:20 a.m. ET on Monday, discussing the latest developments in the stock market. Here are the key moments from the meeting: 1. U.S. equities experienced pressure on Monday, with the…
Stock Market Surges Despite Mixed Earnings – What’s Driving the Rally? In a surprising turn of events, the stock market has surged over the past two weeks, despite underwhelming performance from some of its largest players. Companies like Apple (AAPL), Amazon (AMZN), Meta Platforms (META), and Alphabet (GOOGL) have all reported mixed earnings, yet their…
“CATL: China’s EV battery giant poised for outsized gains” Contemporary Amperex Technology, also known as CATL, is an influential player in the electric vehicle industry that often flies under the radar. As the leading company by market capitalization on the Shenzhen stock exchange, CATL boasts a larger valuation than other local heavyweights such as BYD….
Nvidia has reportedly discovered a way to sell high-end chips to Chinese companies while still complying with U.S. regulations aimed at restricting China’s access to technology. According to Chinese financial media Cailian Press, Nvidia is set to deliver three new chips, HGX H20, L20 PCle, and L2 PCle, to domestic manufacturers. This move comes after…
Brad Garlinghouse, CEO of Ripple Labs Inc., recently criticized the U.S. Securities and Exchange Commission (SEC) for losing sight of their role to protect investors. During the Ripple Swell conference in Dubai, he expressed his concerns to CNBC’s Dan Murphy. Garlinghouse questioned the SEC’s motives in the ongoing controversy between Ripple and the SEC, saying,…
Prenuvo’s MRI machines are revolutionizing the patient experience and saving lives. Dr. Julianne Santarosa discovered a cancerous nodule in her lungs thanks to a Prenuvo full-body scan obtained at the cost of $2,500. With no prior symptoms, Santarosa would have not been aware of the dangerous condition had it not been for her gut feeling…
