Lyft Inc closed 2021 with its first full-year adjusted profit as customers eager to step out and travel paid a record amount for trips during the fourth quarter and more drivers returned to work, the ride-hailing company said on Tuesday. Shares were down 3 percent in after-hours trading after Lyft missed Wall Street expectations for […]
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Samsung announced its latest lineup for February 9th, the 2022 Galaxy S will be partly created from eco-friendly sustainable products, using ocean-bound comprised from fishing nets. The corporate behemoth revealed plans to imbed the material in all products to be announced next week, then incorporate it into the remainder of its devices’ lineups. According to […]
SoftBank Group Corp shelved the sale of Arm Ltd to U.S. chipmaker Nvidia Corp due to regulatory hurdles, the companies said, and Arm named a new CEO who it said would help the British firm seek a public listing before March 2023. The cash-and-stock deal was announced in 2020 and would have been worth as […]
Buying virtual land is a weird concept for many, and understandably so. How can pixels on a screen be worth thousands and sometimes millions of real-world fiat currency that can be used for real-world items. Well, it’s not that different from buying any digital piece given the value is in what people believe it lies […]
Toshiba Corp said it now aims to break up into two companies instead of three and also unveiled a big boost to planned shareholder returns in an effort to appease angry investors. Its revised plan is still expected, however, to face much pushback from foreign hedge funds, many of whom have been opposed to any […]
Asian investors can now buy and sell U.S. stocks during Korean business hours in real time through a partnership between Samsung Securities and U.S.-based off-exchange trading venue operator Blue Ocean Technologies LLC, the companies said on Monday. “This is the first time in the history of the U.S. markets where Asia Pacific investors, and Korean […]
Let’s picture a scene. You wake up, go through your morning routine, and get ready for work. You are not dressing up for show, but for comfort, and when the meeting or class has started, you slip on some glasses and noise-canceling headphones and dive in. Billions are being thrown into creating the Metaverse. Tech giants […]
Another bumpy ride on Wall Street ended on Friday as Amazon’s positive earnings capped a run of mixed big-tech numbers, with the Nasdaq recovering much of its losses from the previous session and all three benchmarks ending the week in positive territory. Results from megacap growth stocks have dictated market moves this week, as investors […]
“The customer is king” – this claim is anything but new in the telco industry, but now it is fortified by the amendment of the telecommunications act (TKG). In force since December 1, 2021, the update of the TKG especially grants customers additional rights with regard to termination periods, reimbursements, and transparency. Meanwhile, a new paradigm can […]
Automakers, including General Motors, Ford Motor and Hyundai Motor, predict a near two-year chip constraint will ease in the second half of 2022, but automotive chipmakers, on the other hand, expect a recovery to take longer. During their quarterly results reporting over the past two weeks, GM CEO Mary Barra projected the semiconductor shortage would […]