Finance News
Adobe (ADBE) earnings Q4 2022

[ad_1] Shantanu Narayen, CEO, Adobe Mark Neuling | CNBC Adobe shares rose 6% in extended trading on Thursday after the design software maker announced fiscal fourth-quarter earnings and guidance that exceeded analysts’ expectations. Here’s how the company did: Earnings: $3.60 per share, adjusted, vs. $3.50 per share as expected by analysts, according to Refinitiv. Revenue: […]

Updated: Dec 15, 2022
Sam Bankman-Fried denied bail in Bahamas on FTX fraud charges

[ad_1] A magistrate judge in the Bahamas on Tuesday denied bail to FTX co-founder Sam Bankman-Fried, citing heightened flight risk, and said he should be remanded to Bahamian custody until February 8, 2023, hours after a U.S. federal criminal indictment against Bankman-Fried alleging a massive fraud at FTX was unsealed in New York City. Bankman-Fried […]

Updated: Dec 13, 2022
SpaceX launches Japanese ispace lunar lander first mission

[ad_1] A long exposure photo shows the path of SpaceX’s Falcon 9 rocket as it launched the ispace mission on Dec. 11, 2022, with the rocket booster’s return and landing visible as well. SpaceX Japanese lunar exploration company ispace began its long-anticipated first mission on Sunday, with a SpaceX Falcon 9 rocket launching the venture’s […]

Updated: Dec 11, 2022
Stellantis to idle Jeep plant, lay off workers to cut costs for EVs

[ad_1] 2016 Jeep Cherokee Sport Source: Jeep DETROIT – Stellantis said Friday that it plans to indefinitely idle a Jeep plant in Illinois, starting early next year, to cut costs as it invests in electric vehicles. The transatlantic automaker, formerly known as Fiat Chrysler, said the plant will cease production as of Feb. 28. The […]

Updated: Dec 9, 2022
Kim Kardashian, Floyd Mayweather crypto scam lawsuit dismissed

[ad_1] A federal judge on Wednesday dismissed a proposed class action lawsuit by investors against the founders of the cryptocurrency EthereumMax, as well as celebrity endorsers including Kim Kardashian and boxer Floyd Mayweather Jr. over their promotion of the cryptocurrency on social media. Investors who bought EMAX tokens alleged they had suffered losses after taking […]

Updated: Dec 7, 2022
Microsoft-backed start-up Heirloom uses limestone to capture CO2

[ad_1] Just about every industry is working to reduce carbon emissions, but reduction won’t be enough. To prevent the worst effects of global warming, carbon that has already been emitted needs to be removed from the atmosphere, which is why there is a new and fast-growing industry around carbon capture. Scientists estimate that in order […]

Updated: Dec 5, 2022
Ye and big tech gave Infowars one of its biggest days ever

[ad_1] Conspiracy theorist Alex Jones has been banned across social media, but this week he still found a megaphone.  Ye — the megastar formerly known as Kanye West — joined Jones’ far-right conspiracy theory outlet Thursday for an interview in which he announced his “love” for Adolf Hitler and Nazis. The unbridled antisemitism immediately captured […]

Updated: Dec 3, 2022
Mark Mahaney says this lodging stock should weather a slowdown in travel demand

[ad_1] Evercore ISI’s Mark Mahaney views Booking Holdings as one of the best-positioned stocks to weather a slowdown in travel demand heading into 2023. Despite tumbling 14% this year, Booking offers value to its shareholders and a “battle-tested management” team, Mahaney told CNBC’s “Closing Bell” on Thursday. The company’s careful approach to its cost structure […]

Updated: Dec 1, 2022
Elon Musk may be luring Apple into a fight with Republicans

[ad_1] Tim Cook walks in the Paddock prior to the F1 Grand Prix of USA at Circuit of The Americas on October 23, 2022 in Austin, Texas. Jared C. Tilton | Getty Images Over the past week, Twitter owner Elon Musk has been poking Apple, the big bear of Silicon Valley, which controls app distribution […]

Updated: Nov 29, 2022
U.S. Soccer briefly scrubs emblem from Iran flag at World Cup

[ad_1] The U.S. Soccer Federation briefly displayed Iran’s national flag on social media without the emblem of the Islamic Republic, saying the move supported protesters in Iran ahead of the two nations’ World Cup match Tuesday. Iran’s government reacted by accusing America of removing the name of God from its national flag. The USSF decision […]

Updated: Nov 27, 2022