Tag Archives: business news

Amazon debuts home insurance store in the UK

The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images LONDON — Amazon will start selling home insurance in the U.K. through partnerships with three local insurers, further expanding the e-commerce titan’s push into financial services. The company announced Wednesday it is …

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ASML Q3 earnings beat; sees limited impact on U.S. chip curbs on China

Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice. Emmanuel Dunand | AFP | Getty Images Shares of ASML, …

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Kakao co-CEO resigns after mass outage locked 53 million users out

Whon Namkoong, co-chief executive officer of Kakao Corp., speaks during a news conference in in Pangyo, South Korea, on Wednesday, Oct. 19, 2022. Namkoong resigned after a widespread outage took out Koreas most popular messaging and social media service. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images …

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Elon Musk’s SpaceX could spin off Starlink in IPO by 2025: Analysts

Elon Musk said Friday that SpaceX cannot continue fund Starlink terminals in Ukraine “indefinitely” in light of the cost. However, Musk, who is also CEO of electric car company Tesla, he said Saturday that SpaceX will keep funding the Ukrainian government “for free” even though Starlink is “still losing money.” …

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Apple iPhone maker Foxconn says it wants to make cars for Tesla

Young Liu, chairman of Foxconn Technology Group, speaks in front of a Model C electric vehicle during an event in Taipei, Taiwan, on Tuesday, Oct. 18, 2022. Liu said he hopes one day that Foxconn can make cars for Tesla. I-Hwa Cheng | Bloomberg | Getty Images Foxconn, the biggest …

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Adobe jumps on 2023 guidance, strong dollar to hurt revenue growth

Adobe shares rose as much as 4% late on Tuesday after the software maker issued guidance for the next fiscal year that fell short of expectations, but blamed some of the shortfall on a stronger dollar and unfavorable foreign exchange rates. For the 2023 fiscal year, Adobe called for $15.15 …

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Focus on revenue, profit, not subscriber adds

Netflix logo Mario Tama | Getty Images News | Getty Images Netflix has a message for investors: start focusing on revenue and profit, and stop obsessing about subscriber growth. Netflix made its argument with several pointed comments in its quarterly shareholder letter. The world’s largest streamer said it will stop …

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Netflix (NFLX) earnings Q3 2022

In this photo illustration the Netflix logo in the App Store seen displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Netflix shares skyrocketed more than 14% after the bell Tuesday as the company posted better-than-expected results on the top and bottom lines. The …

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Apple’s new iPad requires a $9 dongle to use the Apple Pencil

The new iPad and keyboard accessory Apple Apple introduced a new iPad on Tuesday, and it looks like a good upgrade, with a total redesign. But there’s one thing that’s just a little silly about it: The $99 optional Apple Pencil requires a dongle to charge and pair with the …

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Apple ticks down on report of cut to iPhone 14 Plus production

Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022. Andrew Kelly | Reuters Shares of Apple dipped Tuesday a report that the company has asked one supplier to stop producing a component for the iPhone 14 …

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