Microsoft shares fell as much as 3% in extended trading on Tuesday after the software and hardware company issued fiscal fourth-quarter earnings and reported a revenue decline for sales of Windows licenses to device makers. Here’s how the company did: Earnings: $2.17 per share, adjusted, vs. $1.92 per share as expected by analysts, according to Refinitiv. Revenue: $46.15 […] Read more
CNBC’s Jim Cramer on Tuesday said the Wall Street Bets investing crowd is flexing its muscle on analysts after the online investing group sparked an unsuspecting rally in Wendy’s shares. The stock surged to a record after catching an endorsement in the popular Reddit forum responsible for big moves in GameStop and AMC Entertainment this year. “I want you to […] Read more
Italian supercar maker Lamborghini announced Tuesday that it will launch a fully-electric car in the second half of the decade. Presenting a transformation program, Lamborghini, owned by German firm Volkswagen, laid out “a roadmap to the decarbonization of future Lamborghini models and of the Sant’Agata Bolognese site,” its factory headquarters in Italy. It said the next 10 […] Read more
A number of U.K.-based tech workers are choosing not to accept or pursue jobs at TikTok over fears that the company has an intense work culture with long and demanding hours. Six people in the industry told CNBC they either pulled out of interviews, turned down job offers, or left the company after learning that […] Read more
Apple released iOS 14.5, its big new software update for iPhones, on Monday. The update adds a lot of new features, such as updates to Siri, Podcasts, Apple News and support for the latest game console controllers. But the one that’s been grabbing headlines is Apple’s new privacy change, which gives users more transparency and […] Read more
UBS on Wednesday upgraded Apple stock to a buy rating and raised its price target from $115 to $142 per share. Apple shares closed Tuesday’s session at $119.90, down 9.64% year to date, with Big Tech having taken the brunt of the market jitters on rising bond yields. In a new research note, UBS gave three fundamental reasons why […] Read more
As a vice chairman at major management consultancy firm Korn Ferry, Alicia Yi has risen through the ranks of female leadership and is today responsible for helping top companies improve and diversify their senior teams. It’s a career path that has required major jumps, including living and working across continents, and taking on roles as one […] Read more
British luxury carmaker Aston Martin on Wednesday launched a new Formula One car ahead of its return to the most famous motor racing event in the world. The Aston Martin Cognizant F1 team revealed the “AMR21” car at a virtual event that was broadcast from London. The AMR21 will compete in the 2021 Formula One […] Read more
Data giant S&P Global has agreed to buy IHS Markit in a deal worth $44 billion that will be 2020′s biggest merger, creating a heavyweight in the increasingly competitive market in financial information. The mega-deal, which includes $4.8 billion of debt, is a sign that deal-making activity is accelerating as breakthroughs in developing Covid-19 vaccines improve the economic outlook. […] Read more
Chinese technology giant ByteDance is in early stage talks to list some of its businesses including Douyin, a person familiar with the matter. Last week, ByteDance spoke with investment bankers to explore the possibility of an initial public offering (IPO) for some of its divisions, the person said, without wanting to be named because the […] Read more
