Tag Archives: Business News

The Bluesky social media platform is hiring for software developers positions including React Native expert among others and supports full-time remote capabilities. Bluesky, a social internet marketplace backed by former Twitter Inc boss Jack Dorsey, is now available on Android gadgets. The startup has provided a waitlist for users to join or access the beta version of the decentralized social marketplace via invite. Having begun as a Twitter Inc. project before a spin-off in 2021, Bluesky...

Binance.US is reportedly closer to acquiring Voyager assets after the UCC secured a deal with the US federal government.  Voyager Digital Holdings sees its $1 billion deal with Binance.US move closer to actualization following an agreement with the US government. Yesterday, the bankrupt crypto lender sealed a deal with the federal government that allows Voyager to sell its assets to Binance.US. On Twitter, the Voyager Official Committee of Unsecured Creditors (UCC) elaborated on the...

Morgan Stanley has retained its stance as one of the top banks in the United States with influence spread around the world. American multinational banking giant Morgan Stanley (NYSE: MS) has released its performance and revenue report for the first quarter of this fiscal year, showcasing a result that is lower than analysts’ expectations. Based on the company’s report, its revenue came in at $14.52 billion as against the $13.92 billion estimate by Refinitiv analysts. Additionally, the...

Despite the great ASML Q1 2023 earnings, sales of chips to China slowed down within that time period as geopolitical tension between China and the United States took a new twist. Netherlands-based chipmaker ASML Holding NV (NASDAQ: ASML) has projected its sales and earnings to the Chinese mainland will skyrocket for the rest of 2023 after it recorded a significant slowdown in its business in the region in the first quarter (Q1 2023). The projections came after the company reported a...

Just Eat now expects Adjusted EBITDA to hit €275 million, increasing its earnings outlook by €50 million despite poor orders. Online food delivery company Just Eat Takeaway.com is optimistic about its earnings outlook for 2023 regardless of a worrying reduction in the number of orders received. The company’s new outlook is interesting, especially since the figures are connected to a hopeful increase in numbers not yet achieved. In an official press release, Just Eat increased its Adjusted...

The previous discounts have positively affected Tesla’s quarterly sales, with the automaker selling 422,875 cars EVs in Q1. Tesla Inc (NASDAQ: TSLA) has announced further price cuts for its Model 3 and Model Y electric vehicles. This is the second time within a month that the electric car maker is doing this. The price cut announcement precedes Tesla’s Q1 earnings report, which will be monitored closely by investors. Investors will observe how Tesla maintains its profit margins after...

The move will test Samsung’s long reign in the foldable phone business. Google is just a few weeks away from launching its first-ever foldable smartphone. According to a CNBC report, the move will likely kick-start a market rivalry with Samsung which has long enjoyed the benefits of being the market leader of the foldable phone business. While no official announcements have been made yet, the product is expected to be unveiled during Google’s annual developer conference on May 10....

The company’s investors are bullish on the BAC stock following the earnings release. American multinational financial services giant Bank of America Corp (NYSE: BAC) has released its first quarter (Q1 2023) performance report which shows significant growth milestones. According to details shared by the bank, its revenue came in at $26.39 billion as against the $25.13 billion expected from analysts. The Charlotte, North Carolina Headquartered bank also saw a shift in its Earnings Per Share...

In its Q1 2023 report, Swedish telecom giant Ericsson described India as a viable market that drove sales up fivefold.  Ericsson (NASDAQ: ERIC) recently reported its Q1 2023 earnings which beat expectations and revealed a boost in quarterly profit. On Tuesday, the Swedish telecom giant first-quarter core earnings benefited from increased sales of 5G equipment in countries like India. Ericsson’s net sales grew 14% in the first three months of 2023, surpassing the consensus estimate of 60.43...

Tesla’s Elon Musk touted TruthGPT as a “maximum truth-seeking” initiative that is “the best path to safety”. Elon Musk seeks to launch an artificial intelligence (AI) platform called TruthGPT to “understand the nature of the universe”. In an announcement during a media session yesterday, the Tesla CEO described the AI as a “maximum truth-seeking” initiative. Furthermore, Elon Musk also expects TruthGPT to rival the wildly popular chatbot ChatGPT in the emerging era of AI-enabled...