Technology conglomerate Alphabet, the parent company of Google and multiple former Google subsidiaries, released its quarterly earnings statement on Tuesday and revealed some big news in the process. Aside from reporting a 36 percent increase in profit in the last three months of 2021, the company also unveiled plans...
In response to the current global semiconductor shortage, Volkswagen has called on European governments to allocate more capital towards boosting the chip manufacturing sector.
According to Markus Duesmann, the Volkswagen board member in charge of research & development and head of luxury unit Audi, the German vehicle manufacturer will not...
Whitney Tilson invested in Netflix when it was only at $7.78 a share. Now that Netflix is the massive streaming giant it is today, everyone wants to know what this man's secret is. Thankfully, he's more than willing to give his pearls of wisdom.
But investing in Netflix wasn't his...
Netflix stock (NFLX) isn't the hottest commodity these days and it might be even less desirable after it received a downgrade from Goldman Sachs. In a recent note to clients, Goldman's analyst Eric Sheridan said that his team has various concerns related to NFLX while changing the stock's rating...
Israeli chipmaker Tower Semiconductor announced on Wednesday its plans to invest an extra $150 million into its efforts to boost its production capacity. According to a company forecast, this year promises to provide record revenue as a result of an unprecedented level of demand.
With certain economies recovering fairly quickly...
If Apple wasn't powerful enough as it is, this should give the tech giant an extra boost. Speculation about a self-driving Apple car isn't just getting consumers excited—it also has investors planning full-scale stock upgrades.
UBS analyst David Vogt is one who is particularly optimistic about the stock potential this...
Your new Apple Watch and Macbook could soon come with a “Made in Vietnam” label. According to influential Asian media outlet Nikkei, Apple’s suppliers Luxshare Precision Industry and Foxconn have already set up test production lines for the two products in the country.
The move aligns with Apple’s efforts to...
Amazon founder Jeff Bezos has reclaimed the title of the world's richest person this week, unseating Tesla and SpaceX pioneer Elon Musk. This comes after Tesla Inc. stocks slipped by 2.4% during Tuesday's trading.
Having help at the top spot for six weeks, Elon Musk lost approximately $4.5 billion as...
Automation software developer UiPath Inc. is planning to raise $1.1 billion in its U.S. initial public offering. As confirmed from a prospectus filed with U.S. Securities and Exchange Commission on Monday, the New York City-based company is offering 6.8 million shares while shareholders such as Accel and Alphabet Inc’s...
Streaming giant Netflix is set to release its first-quarter earnings after the opening bell on Tuesday, thereby providing answers regarding pressing subjects such as the company's recently launched ad-supported tier and its crackdown on password sharing.
According to Bloomberg consensus estimates, Netflix is expected to report quarterly revenue of $8.18...