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.
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.
(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
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
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
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 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.