Author: Will Smith

Nvidia’s Chief Financial officer Colette Kress stated after the company’s fiscal first-quarter numbers were released on Wednesday that the business will slow its hiring and spend more carefully as it deals with a challenging macroeconomic environment. The giant firm’s revenue and earnings surpassed analyst estimates, but the stock plunged more than 10% in extended trade when…

Elon Musk wants to boost Twitter (TWTR.N) annual revenue to $26.4 billion by 2028, up from $5 billion last year, citing a presentation deck handed to investors by the world’s richest man. According to the research, advertising will account for 45 percent of overall income under Musk, down from approximately 90 percent in 2020, creating…

Apple Inc (AAPL.O) forecasted more troubles on Thursday as China’s COVID-19 lockdowns stymie production and demand, the war in Ukraine dampens sales, and development in services, which the iPhone manufacturer sees as its engine for expansion, slows. In late trading, Apple shares were down 2.2 percent after executives expressed their pessimism on a conference call.…

Elon Musk will have to pay a $1 billion charge to Twitter Inc (TWTR.N) as part of the twitter deal if he cancels his $44 billion cash purchase for the social media business, according to a report on Tuesday. According to the document, one of the requirements for Musk’s payment is if the purchase falls…

On Monday, Asian markets sank the most in two weeks as investors worried about quick rate hikes and its impact on the dollar price in the United States and the weakening economy, while the euro found support following the re-election of French President Emmanuel Macron. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) sank…