Category: Top Tech

MoneyWatch Meta stock soars despite mixed earnings result Facebook parent Meta’s stock is soaring after the company reported first-quarter profits and daily user counts that beat Wall Street’s expectations. Shares were up sharply in after-hours trading, going up as much as 15% above their closing price. That’s despite the company’s slowest revenue growth since going […]

MoneyWatch Ford Motor loses $3.1 billion due to chip shortage and Rivian Ford Motor said it lost $3.1 billion over the past three months and its revenue slid, in part because of a shortage of semiconductor chips which limited the number of pickups and SUVs available for sale in North America, but also as a […]

MoneyWatch Twitter says revenue is growing, but pulls forecasts amid Elon Musk acquisition Twitter said on Thursday that its first-quarter revenue jumped 16% as it added more users and advertisers, but the social media company added it is pulling “all previously provided goals and outlook” due to its pending acquisition by billionaire Elon Musk.  Twitter also said […]

MoneyWatch If Twitter goes private, how will it change and what could it do? If Elon Musk and Twitter get their way, the company will soon be privately held and under the billionaire’s control. The most obvious immediate change would be Twitter’s stock being taken off the New York Stock Exchange. But the company would also likely […]

MoneyWatch Nike’s new NFT sneakers selling for more than $100,000 Nike’s first collection of shoes for the metaverse is fetching astronomical sums. The collection, known as CryptoKicks, is being auctioned off as non-fungible tokens (NFT) on online marketplace OpenSea. Customers are paying between $4,000 and $9,500 in cryptocurrency for the shoes, but some pairs have […]

MoneyWatch Amazon reports first financial loss since 2015, denting stock Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-vehicle startup. The Seattle-based ecommerce giant’s stock almost 10% in after-hours trading. Amazon reported a […]

Sunday Morning Switchblade drone: How the “kamikaze” anti-tank weapon works There’s new a drone on the battlefield. Only six months old, video of it in action is still secret. Unlike armed drones that carry weapons under the wings, launching them and returning to base, the Switchblade “kamikaze” drone carries its own warhead, and blows itself […]

Rivian Automotive’s blockbuster IPO makes it more valuable than Ford and GM Shares of Rivian Automotive soared as much as 37% on their first day of trading in an auspicious stock market debut for the electric vehicle maker. In afternoon trading on the Nasdaq index the company’s valued swelled to $97 billion, greater than that […]

Most Americans try to hold onto their electronic devices as long as they can — CBS News poll Are you the sort of person who goes out and gets the latest electronic gadget, or the type who holds onto what you have until the bitter end? For most Americans, it’s the latter.  Seventy-one percent say […]

London mechanic converts classic cars into electric vehicles While some drivers are ready to go electric, they still want to hang on to their classic cars.  Matthew Quitter is working to change that. He converts classic cars into electric rides at his London-based garage, with customers from all over the world, he says.  Converting gas […]

Higher pay, less red tape: U.S. launches effort to recruit talent to fight cyberattacks Seven years after Congress first directed the Department of Homeland Security (DHS) to build a federal recruiting tool aimed at courting professionals to help guard the nation against cyberattacks, the Cyber Talent Management System has launched. The new system is designed […]

Tesla shares down $40 billion after Musk says big deal with Hertz not “signed yet” Shares of Tesla Inc. tumbled around 4% by Tuesday trading after its CEO and founder Elon Musk tweeted that a reported deal to sell 100,000 cars to Hertz had not been signed, suggesting it was not final. Shortly after the […]