EBay forecasts Q2 revenue below estimates as consumer spending remains strained
By Yuvraj Malik (Reuters) – Ecommerce firm eBay forecast second-quarter revenue below Wall Street estimates on Wednesday, as demand cools for its key product categories like collector’s items and auto…
Chipmaker Wolfspeed forecasts quarterly revenue below estimates as EV sales growth slows
By Akash Sriram (Reuters) – Chipmaker Wolfspeed forecast current-quarter revenue below estimates on Wednesday as automakers grapple with high inventory levels due to slower-than-expected EV sales growth. Shares of the…
How to protect yourself from Uber scams every time
Uber scams: Planning to catch an Uber? It’s a popular choice for getting around, but beware—there are pitfalls. Some drivers manipulate routes or claim unfair fees like those for cleaning.…
Black Hat Asia 2024 showcases latest cybersecurity findings at Singapore event
Black Hat, the cybersecurity industry’s most established and in-depth security event series, announced the successful completion of the in-person component of Black Hat Asia 2024. The event welcomed more than 3,000…
Televisa to merge its satellite TV, cable units ‘as soon as possible’
By Aida Pelaez-Fernandez MEXICO CITY (Reuters) – Mexican broadcaster Televisa plans to merge its satellite TV unit Sky with its cable TV and internet service Izzi as soon as possible,…
Snapchat parent soars after beating revenue, user growth estimates
By Medha Singh and Amanda Cooper (Reuters) – Shares in Snap jumped nearly 25% in on Friday after targeted ads and new features helped the owner of the photo messaging…
Cisco says hackers subverted its security devices to spy on governments
By Raphael Satter WASHINGTON (Reuters) – Technology firm Cisco Systems said that hackers have subverted some of its digital security devices to break in to government networks globally. In a…
Meta shares sink on higher AI spending, light revenue forecast
By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and lighter-than-expected revenue, knocking nearly $200 billion off its stock market…
LG Energy Solution to minimise capex this year due to slow EV demand
By Heekyong Yang and Ju-min Park SEOUL (Reuters) – South Korean battery maker LG Energy Solution (LGES) said on Thursday it plans to minimise capital expenditure this year due to…
STMicroelectronics cuts FY revenue outlook as slowing car market bites
By Ozan Ergenay (Reuters) – European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decline…