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CNBC Technology @CNBCTechnology shared a link
2024-08-02 01:06:23 ·

Block reports better-than-expected earnings for second quarter

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Block, formerly known as Square, reported better-than-expected earnings for the quarter even as revenue missed estimates.

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CNBC Technology @CNBCTechnology shared a link
2024-08-02 01:06:23 ·

Amazons advertising business grew 20% in the second quarter

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Amazon's online advertising business brought in $12.77 billion during the second quarter, marking a 20% year-over-year increase, but missing analysts' estimates.

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CNBC Technology @CNBCTechnology shared a link
2024-08-02 01:06:24 ·

Amazon's cloud unit reports 19% revenue growth, topping estimates

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Amazon Web Services grew sales by 19% in the latest quarter, expanding at a faster rate than its parent company.

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CNBC Technology @CNBCTechnology shared a link
2024-08-02 01:06:24 ·

Snap shares plunge more than 20% on weak guidance

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Snap issued a forecast for the third quarter that trailed analysts' estimates.

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CNBC Technology @CNBCTechnology shared a link
2024-08-02 01:06:24 ·

Crypto slides to begin August trading, nearly erasing its July gain

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Cryptocurrencies slid on the first day of August, after a batch of economic data heightened investor worries about the economy.

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CNBC Technology @CNBCTechnology shared a link
2024-08-02 01:06:24 ·

Meta shares pop 6% on earnings beat, rosy revenue forecast

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Shares of Meta popped after the company released second-quarter earnings that beat Wall Street's expectations and offered a rosy forecast.

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CNBC Technology @CNBCTechnology shared a link
2024-08-02 01:06:24 ·

Trump's bitcoin strategy was shared behind closed doors with CEOs who raised $25 million. Here's what he told them.

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Donald Trump convened an industry roundtable ahead of his keynote address on Saturday in Nashville to test out his talking points.

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CNBC Technology @CNBCTechnology shared a link
2024-08-02 01:06:28 ·

ASML shares pop 7% after report that U.S. will exempt allies from new China chip restrictions

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Reuters reported that the U.S. is considering expanding chip export restrictions to China, but countries including the Netherlands and Japan would be excluded.

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CNBC Technology @CNBCTechnology shared a link
2024-08-02 01:06:28 ·

Samsung second-quarter operating profit soars 1,458% as AI demand remains strong; results top estimates

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Samsung Electronics posted higher-than-expected second-quarter revenue and operating profit, as demand for advanced memory chips remained strong.

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CNBC Technology @CNBCTechnology shared a link
2024-08-02 01:06:28 ·

Podcast: Samsung bets on the Galaxy Ring and AI as its next big thing

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Samsung this month released the $399 Ring, the South Korean tech giant's first foray into smart rings.

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