Edition:
International

Munsif Vengattil

5G spending in spotlight for AT&T, Verizon quarterly results

Apr 20 2021

When AT&T Inc and Verizon Communications Inc report their first-quarter results this week, investors will look for clarity on capital spending and margin pressures as wireless carriers shell out billions to upgrade their networks to 5G.

IBM quarterly sales growth highest in over two years on cloud strength

Apr 19 2021

International Business Machines Corp recorded highest quarterly sales growth in more two years and beat Wall Street targets on Monday, boosted by its bets in the high-margin cloud computing business.

Facebook takes on Clubhouse, unveils upcoming audio products

Apr 19 2021

(Reuters) -Facebook Inc CEO Mark Zuckerberg said on Monday the company planned to launch several audio products, including Clubhouse-style live audio rooms and a way for users to find and play podcasts.Facebook's incursion into the audio market comes as the sudden explosion of interest in Clubhouse, an audio app where billionaires and celebrities including Tesla CEO Elon Musk have popped in to chat, could be waning. Downloads of the Clubhouse app, which is only available on Apple's iOS devices, suffered an estimated 70% decline in downloads in March from February when it hit a high. | Video

'NASA rules,' Musk says as SpaceX wins $2.9 billion moon lander contract

Apr 17 2021

WASHINGTON (Reuters) -NASA awarded billionaire entrepreneur Elon Musk's space company SpaceX a $2.9 billion contract to build a spacecraft to bring astronauts to the moon as early as 2024, the agency said on Friday, picking it over Jeff Bezos' Blue Origin and defense contractor Dynetics Inc. | Video

GameStop tumbles 34% as Reddit darling mulls share sale

Mar 24 2021

Shares of Reddit-favorite GameStop Corp slumped 34% on Wednesday, a day after the videogame retailer said it might cash in on a meteoric rise in its share price to fund its e-commerce expansion. | Video

Disney returns to profit as streaming success offsets pandemic-hit parks

Feb 12 2021

Walt Disney Co swung to a surprise quarterly profit on Thursday, as "The Mandalorian" and "Soul" lifted its fast-growing streaming business, outweighing pandemic worries about its hobbled theme park operations.

Twitter investors look past warning of slower user growth and eye rising ad sales

Feb 09 2021

Twitter Inc on Tuesday beat Wall Street targets for quarterly sales and profit and followed its social media peers to forecast a strong start to 2021 as ad spending rebounds from a rock bottom.

World News

France's Macron changes phone in light of Pegasus case

PARIS (Reuters) -French President Emmanuel Macron has changed his mobile phone and phone number in light of the Pegasus spyware case, a presidency official said on Thursday, in one of the first concrete actions announced in relation to the scandal.