Tag: Technology

Microsoft tops $60 billion in annual earnings for the first time to cap record-breaking year

Microsoft Corp. finished yet another record-breaking year with more than $60 billion in profit and $165 billion in sales, showing why it has become only the second $2 trillion company in U.S. stock market history, and shares turned around after it projected more growth. Microsoft MSFT, -0.87% on Tuesday reported fiscal fourth-quarter earnings of $16.46 […]

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Walmart’s latest business: Selling its e-commerce tech to other retailers

Just as Amazon Web Services is the profit center that powers much of Amazon’s other businesses, Walmart CEO Doug McMillon has been increasingly interested in expanding his company’s profit pools beyond its core retail business. Starting Wednesday, small- and medium-sized retailers can purchase the technology Walmart has developed to allow shoppers to buy items online […]

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Duolingo prices IPO at $102 a share, above expected range

Duolingo Inc., the maker of language-learning and educational apps, priced its initial public offering at $102 a share late Tuesday, above its expected range. Duolingo plans to offer 5.1 million shares, raising about $520 million for a valuation above $3.4 billion. It is expected to begin trading Wednesday on the Nasdaq Global Select Market under […]

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Olympics ratings rebound following the drop in opening ceremonies viewership

Tokyo, Japan, Sunday, July 25, 2021 – Mens Basketball, USA vs. France at Saitama Super Arena. Robert Gauthier | Los Angeles Times | Getty Images The Tokyo Olympics attracted an average of 19.8 million viewers for Sunday coverage throughout NBCUniversal platforms, the media giant said on Monday. Events including swimming, women’s gymnastics, and the triathlon […]

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4 reasons the bitcoin price is challenging the $40,000 barrier

A rally by bitcoin on Monday wasn’t all about a help-wanted ad from Amazon.com Inc., crypto analysts said. The ad, seeking a “digital currency and blockchain product lead” got credit for getting the ball rolling as it stoked expectations the e-commerce and cloud computing giant could soon begin accepting bitcoin for payment. That theme was […]

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China cracks down on after-school tutoring sector, sending shares sinking

HONG KONG—China confirmed it would take drastic steps to restrain the country’s booming after-school tutoring industry, prompting further selloffs in stocks such as New Oriental Education & Technology Group Inc.  EDU, -54.22%  on Monday. The restrictions, published over the weekend by state media,are the most recent regulatory assault on a fast-growing part of the Chinese economy. They […]

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Bitcoin rallies, tops key technical level for first time since early May

The price of bitcoin rallied over the weekend, trading above its 50-day moving average for the first time since early May. Bitcoin BTCUSD, +10.42% surged Saturday and into Sunday, recently trading at $37,973. according to CoinDesk, after recovering from its dive below the $30,000 level on Tuesday. Bitcoin is up nearly 20% over the past […]

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