Technology
Palo Alto Networks to Acquire CyberArk in $25 Billion Cybersecurity Deal
Palo Alto Networks has announced plans to acquire Israeli identity security firm CyberArk in a deal valued at approximately $25 billion. Under the agreement, CyberArk shareholders will receive $45...
Eli Lilly’s Mounjaro Shows Heart Health Benefits Over Trulicity in Landmark Trial
Eli Lilly announced that its diabetes drug Mounjaro has demonstrated heart health benefits in...
Best Buy to Launch Ikea Mini-Showrooms in Select Stores
Best Buy announced plans to introduce mini-showrooms within some of its stores, featuring Ikea...
JPMorgan Chase Expands with 1,000 New Branches in Seven Years
JPMorgan Chase has opened 1,000 new branches over the past seven years, a number...
Moderna Announces 10% Workforce Reduction Amid Declining Covid Vaccine Sales
Moderna announced plans to reduce its global workforce by about 10% by the end...
DeepSeek Unveils Prover-V2 as R2 AI Model Anticipation Builds
Chinese AI start-up DeepSeek has generated renewed public interest with the unexpected release of its upgraded mathematics-focused model, Prover-V2, as anticipation builds for its...
Xbox Raises Console and Game Prices Amid Tariff Pressures
Microsoft’s Xbox division is raising the prices of its gaming consoles, accessories, and first-party games across major markets including the United States, Europe, the...
Shoucheng Holdings Commits to Investing in 50 Robotics Firms in China
Shoucheng Holdings, a Hong Kong-listed car park operator under Shougang Group, is set to invest in approximately 50 robotics firms across China in the...
Temu Adjusts Business Model in the U.S. Amid Tariff Changes and Policy Shifts
Temu, the shopping platform owned by Chinese e-commerce giant PDD Holdings, has adjusted its business model in the U.S. in response to retaliatory tariffs...
Microsoft Increases Xbox Prices Amid Market Conditions and Higher Development Costs
Microsoft has announced that it is raising the recommended retail prices for its Xbox consoles and some controllers globally, citing “market conditions” and the...
Amazon Q1 Ad Revenue Surges 19%, Beating Expectations Amid Economic Uncertainty
Amazon reported a 19% increase in its online ad revenue for the first quarter, surpassing analysts’ expectations. Ad sales reached $13.92 billion, slightly exceeding...
Reddit Q1 Revenue Beats Expectations; Shares Soar Before Softening Due to Economic Concerns
Reddit posted strong first-quarter results, surpassing Wall Street’s expectations. The company reported earnings of 13 cents per share, well above the 2-cent estimate, and...
Airbnb Q1 Results Meet Estimates, But Disappointing Revenue Forecast Hits Shares
Airbnb reported results for the first quarter that mostly aligned with analysts' expectations, but issued a revenue forecast for the second quarter that disappointed...
Amazon Cloud Business Slows as AWS Revenue Misses Expectations
Amazon’s cloud business, Amazon Web Services (AWS), showed slower growth than expected in the first quarter, marking the third consecutive revenue miss for the...
Block Misses Expectations in First Quarter, Issues Disappointing Outlook
Block reported disappointing first-quarter results, with the company missing Wall Street’s expectations and offering a weak outlook for the remainder of the year. The...
Amazon CEO Andy Jassy Optimistic Amid Tariff Challenges and Forecasts
Amazon CEO Andy Jassy reassured investors during the company's first-quarter earnings call, expressing confidence that the retail giant could emerge from the current tariff...
Nvidia CEO Jensen Huang’s Pay Surge Reflects Company’s Massive Growth
Nvidia CEO Jensen Huang, who has amassed billions from his stake in the company, is seeing his first salary increase in a decade. According...
Apple CEO Discusses Impact of Trump Tariffs on Company Operations
Apple CEO Tim Cook addressed investors on the company’s second-quarter earnings call, revealing how the company has managed the impact of the Trump administration’s...
Venmo Outperforms Cash App in Peer-to-Peer Payments Market
In the competitive peer-to-peer payments market, Venmo is gaining traction, while Cash App is facing challenges. Both companies reported their quarterly earnings this week,...
