An XPeng Inc. G9 electric vehicle at the Shanghai Auto Show in Shanghai, China, on Monday, April 24, 2023. Qilai Shen | Bloomberg | Getty Images Global electric vehicle manufacturers are leveraging advanced technology to compete with both each other and domestic brands in the fiercely competitive Chinese market. China, the largest EV market in …
Airbnb experienced a decline in shares, with a 6% drop during extended trading on Thursday. This was in response to the company reporting a lower number of nights and experiences booked in the second quarter, falling short of analyst projections. Despite this, Airbnb’s earnings per share exceeded expectations at 98 cents compared to the projected …
In June 22, 2023, Amazon Web Services CEO Adam Selipsky delivered a keynote speech at the Bloomberg Technology Summit in San Francisco. Photo by David Paul Morris | Bloomberg | Getty Images Amazon announced on Thursday that its cloud unit revenue grew by 12% in the second quarter, surpassing analysts’ expectations. The company’s revenue for …
Alain Jocard | AFP | Getty Images Amazon’s online advertising business is experiencing growth as the digital ad market shows signs of improvement. According to the company’s latest financial results, Amazon’s ad business generated $10.68 billion in sales during the second quarter, marking a 22% increase compared to the same period last year. Amazon’s overall …
Josh Silverman, CEO of Etsy. Adam Jeffery | CNBC Etsy shares witnessed a decline of over 12% on Thursday afternoon following the company’s release of better-than-expected second-quarter results, coupled with weak guidance for third-quarter revenue and gross merchandise sales, or GMS. Let’s take a look at the company’s performance: Earnings: $0.45 per share, adjusted, surpassing …
Andy Jassy, the CEO of Amazon, spoke at the ceremonial ribbon cutting before the opening night of the Seattle Kraken, the NHL’s newest hockey franchise, at the Climate Pledge Arena on October 22, 2021, in Seattle. Amazon will release its second-quarter earnings after the market closes on Thursday. Here are the expectations from Wall Street …
In an interview on Squawk Box at the WEF in Davos, Switzerland on January 17th, 2023, Amon Cristiano, the CEO of Qualcomm, addressed the recent challenges faced by the chipmaker. Shares of Qualcomm fell approximately 9% in pre-market trading on Thursday, following the company’s announcement of weaker-than-expected quarterly revenue and guidance. Qualcomm continues to experience …
Advanced Micro Devices needs India to keep up with the growing demand for its products, according to its executive vice president and chief technology officer, Mark Papermaster, in an exclusive interview with CNBC. “We have a global workforce. Our design efforts are global, and continuing our growth in India is essential in order to meet …
Chris Pratt and Charlie Day lend their voices to Mario and Luigi in Universal and Illumination’s highly-anticipated “The Super Mario Bros. Movie.” Universal Nintendo has reported a significant increase in revenue and operating profit for the June quarter, driven by the success of “The Super Mario Bros. Movie” and the popularity of its latest Zelda …
Singapore-based food delivery apps, Grab and Foodpanda, are venturing into the dine-in space to meet the growing demand from consumers seeking to dine out post-pandemic. Grab is currently testing its dine-in feature in 15 cities across Singapore, Thailand, and Indonesia, allowing users to pre-purchase dine-in vouchers at up to 50% discounts. The app also provides …