Search results for "stock"

Seagate violated sanctions by selling hard drives to Huawei, says Senate committee

A major U.S. data-storage equipment provider violated U.S. export rules by continuing to sell hard-disk drives to Huawei Technologies Co. after the Commerce Department tightened export restrictions last year, a report by a group of Senate Republicans claimed. The report released by the Republican minority staff of the Senate Committee on Commerce, Science, and Transportation […]

AT&T 5G Plus Plan mirrors T-Mobile’s coverage trails

AT&T announced on Tuesday the initiation of its plan to deploy the fifth generation of network with C-band spectrum, a factor that will reinforce the carrier’s total 5G coverage. Currently, the operator is offering two categorizations of the fifth generation: 5G Plus over high-band mmWave spectrum and regular 5G – which resembles 4G LTE. “AT&T […]

Robinhood share value falls below IPO valuation

Robinhood, the platform that was once the raging crypto trading application, marked on Tuesday shares drop below its initial public offering (IPO) valuation after trading hours as revenues fell with key cryptocurrencies, such as Dogecoin. The trading site is witnessing a change in its winds, as its long trail of investors are holding back their […]

Microsoft profit up 24% in quarter, driven by cloud growth

Growth in Microsoft’s cloud computing business helped push its profit up 24% in the July-September quarter over the same time last year. The Redmond, Washington-based tech company on Tuesday reported quarterly profit of $17.2 billion, or $2.27 per share, beating Wall Street expectations of $2.08 per share. Microsoft profits have soared throughout the pandemic thanks […]

Washington orders Chinese phone carrier out of US market

U.S. regulators are expelling a unit of China Telecom Ltd., one of the country’s three major state-owned carriers, from the American market as a national security threat amid rising tension with Beijing. China Telecom (Americas) Corp. is required to stop providing domestic interstate and international service in the United States within 60 days, under an […]

UK follows U.S. footprints to hack cybercriminal entities

In an endless fight to counterattack ransomware threats, the United Kingdom has shown intentions of developing a cyber command team to “hunt” and infiltrate cybercriminal groups, according to high-level government officials. The director of Britain’s signals intelligence agency (GCHQ), Jeremy Fleming, elaborated on the country’s plans at this year’s US Cipher Brief threat conference on […]

Facebook’s ad revenue takes hit from Apple ATT update

Following Facebook’s financial results released on Monday, the social networking giant is anticipating a damaging effect rising from Apple’s iPhone privacy alterations led by Snap Inc’s missed revenue targets. In April, the iOS developer incorporated additional privacy updates to prohibit advertisers from monitoring iPhone users without their permission. Apple’s move fueled fear in digital ad […]

Tesla's market value tops $1T after Hertz orders 100K cars

Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation’s increasing commitment to EV technology. The news of the deal triggered a rally in Tesla’s stock, driving the carmaker’s market value over the $1 trillion mark […]

Chinese tech regulations morph U.S. firms’ course of action

U.S. Big Tech legion seems to be torn between two economic powerhouses. In a battle for dominion between the East and the West, Big Tech companies are forfeiting from the Chinese market to prevent getting caught in the conflict, except for Apple, according to the BBC. Last week, Microsoft announced news of shutting down its professional […]

Supernational fronts retaliate against cybercrime group REvil

Cybercrime group REvil was infiltrated by U.S. governmental agencies and obliged to go dark after cybercrime operation attacking from supernational fronts, reported by Reuters.  Speculations circulating the group’s recent absence following Recorded Future security specialist Dimitry Smilyanets went to Twitter to reveal various messages from the account of a famous REvil operator, ‘0_neday.’ The messages displayed […]