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January 27, 2022

Breaking News: Technology

Apple CEO Tim Cook: ‘Everybody’s seeing inflationary pressure’

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CNBC – For more and to sign up click here Apple CEO Tim Cook attends the grand opening event of the new Apple store at The Grove on November 19, 2021 in Los Angeles, California. Mario Tama | Getty Images Apple CEO Tim Cook said the company is seeing inflationary......

Atlassian jumps as quarterly results top estimates and company raises guidance for 2022 subscriptions

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CNBC – For more and to sign up click here Michael Cannon-Brookes, co-CEO, Atlassian Scott Mlyn | CNBC Atlassian shares rose as much as 10% in extended trading on Thursday after the provider of collaboration software reported fiscal second-quarter earnings that topped estimates and raised its forecast for subscription revenue.......

Apple revenue pops 11% to $123.9 billion despite supply chain concerns

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CNBC – For more and to sign up click here Tim Cook participates in a panel discussion in New York City. Brian Ach | Getty Images Apple reported its largest single quarter in terms of revenue ever, with sales growing over 11% despite supply challenges and the lingering effects of......

Comcast beats earnings expectations, but falls short on new internet customers

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CNBC – For more and to sign up click here Comcast reported fourth-quarter earnings Thursday that beat analyst estimates on the top and bottom line but missed on high-speed internet customer net additions. Shares initially rose on the report but fell as much as 6% during the company’s earnings call.......

Spotify is reportedly taking down Neil Young’s music on Joe Rogan podcast objections

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CNBC – For more and to sign up click here Spotify is working to remove Neil Young’s music from the streaming platform following a standoff over star podcaster Joe Rogan‘s coronavirus comments, the Wall Street Journal reported Wednesday. Young posted an open letter to his management and record label on......

Intel reports better-than-expected results and delivers upbeat guidance

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CNBC – For more and to sign up click here U.S. President Joe Biden puts his arm on Intel CEO Patrick Gelsinger during an event on the ongoing supply chain problems in the South Court Auditorium of the Eisenhower Executive Office Building on January 21, 2022 in Washington, DC. Gelsinger......

Beaten-down cloud software stocks get boost as ServiceNow and Qualtrics top estimates

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CNBC – For more and to sign up click here Bill McDermott, CEO of ServiceNow. Adam Jeffery | CNBC Maybe cloud investors just needed a little reassurance. Following a brutal stretch that’s seen one cloud computing index tumble 38% from an all-time high in November, two key members of the......

Tesla beats on earnings and revenue, says supply chain issues were ‘main limiting factor’

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CNBC – For more and to sign up click here Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Tesla shares fell as much as 5% in extended trading......

Microsoft beats on earnings and revenue for fiscal second quarter

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CNBC – For more and to sign up click here Microsoft reported better-than-expected earnings and revenue for the fiscal second quarter. The stock dropped in extended trading. Here’s how the company did: Earnings: $2.48 per share, adjusted, vs. $2.31 per share as expected by analysts, according to Refinitiv. Revenue: $51.73......

YouTube CEO Wojcicki says the video site has plans to capitalize on Web3

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CNBC – For more and to sign up click here Susan Wojcicki, CEO, YouTube speaking at #VidCon, July 23, 2015. Harriet Taylor | CNBC YouTube CEO Susan Wojcicki said on Tuesday that the video site will be expanding in ways that can “help creators capitalize” on new technologies like NFTs. ......

FTC sues to block Lockheed Martin acquisition of Aerojet Rocketdyne

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CNBC – For more and to sign up click here Four Aerojet Rocketdyne RS-25 engines attached to the core Stage for NASA’s Space Launch System rocket. NASA The Federal Trade Commission on Tuesday moved to block Lockheed Martin‘s planned acquisition of Aerojet Rocketdyne, which makes rocket engines and spacecraft propulsion,......

IBM shares jump after company reports 6% revenue growth in fourth quarter

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CNBC – For more and to sign up click here IBM shares jumped as much as 7% in extended trading but later lost most of their gains Monday after the software and services company said revenue climbed 6% in the fourth quarter, surpassing expectations. Here’s how the company did: Earnings:......

Microsoft sets record for biggest tech deal ever, topping Dell-EMC merger in 2016

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CNBC – For more and to sign up click here Satya Nadella, CEO of Microsoft. Charles Pertwee | Bloomberg | Getty Images Microsoft tried to set a record in 2008, when then-CEO Steve Ballmer pursued plans to buy Yahoo for about $50 billion. It would have been the biggest U.S.......

Apple says antitrust bills could cause ‘millions of Americans’ to suffer malware attacks

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CNBC – For more and to sign up click here Apple Inc Chief Executive Officer Tim Cook listens as U.S. President Joe Biden delivers remarks during a meeting with members of his national security team and private sector leaders to discuss how to “improve the nation’s cybersecurity,” in the East......

Microsoft to buy Activision in $68.7 billion all-cash deal

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CNBC – For more and to sign up click here Microsoft announced Tuesday it will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal. Shares of Activision soared about 37% in pre-market trading before being halted after the Wall Street Journal first reported the deal. Microsoft shares......

Microsoft investor who pushed shareholder vote on harassment report says change is coming

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CNBC – For more and to sign up click here Natasha Lamb, a founding partner and portfolio manager at Arjuna Capital. Michael Prince Natasha Lamb was shocked. It was November, and Microsoft shareholders had just agreed with her proposal to push the software maker into issuing a public report on......

Netflix raises prices in U.S. and Canada, stock pops

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CNBC – For more and to sign up click here Netflix raised monthly prices for its streaming service in the U.S., sending the stock up as much as over 3% during trading on Friday. Netflix stock ultimately rose 1.25% to close at $525.69 on Friday. The monthly cost for the......

Google tells anyone coming into the office to take weekly Covid tests amid omicron surge

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CNBC – For more and to sign up click here Google CEO Sundar Pichai Getty Images Google is implementing a new Covid-19 testing policy for its U.S. work sites as it prepares for a continued surge in infections from the Omicron variant in the coming weeks. In an email sent......

State AGs appeal dismissal of their antitrust suit against Facebook

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CNBC – For more and to sign up click here New York State Attorney General Letitia James speaks during a “Defend Democracy” rally, taking place on the first anniversary of the January 6, 2021 attack on the U.S. Capitol, in Brooklyn, New York, January 6, 2022. Brendan McDermid | Reuters......

Taking a driverless Waymo in Phoenix over the holidays was fun but unsettling

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CNBC – For more and to sign up click here Like many travelers over the holidays, I got stuck last week in my effort to get back home. I live in San Francisco and was in Phoenix with my family. We picked that as our New Year’s meeting spot so......

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