Reddit (RDDT.N) announced on Thursday that it has resolved an issue that left tens of thousands of users worldwide unable to access the social media platform for over 30 minutes. In an update on its status page, the company confirmed that it has implemented a fix, and the platform is now fully operational. The outage …
Reddit back up after brief outage affected thousands globally Read More »
Amazon.com’s cloud-computing division, Amazon Web Services (AWS), announced a major investment of $11 billion in Indiana to construct data centers, representing the state’s largest capital infusion and pledging to create at least 1,000 jobs. This announcement by AWS on Thursday further solidifies the online retail giant’s significant presence in Indiana, where it currently employs 26,000 …
Amazon Plans $11 Billion Investment in Indiana for Data Center Expansion Read More »
L3Harris (LHX.N) raised the upper end of its annual adjusted profit target on Thursday, banking on sustained demand for weaponry and robust defense spending amidst escalating global security tensions.U.S. defense firms are witnessing a surge in contracts amid the Russia-Ukraine conflict, the crisis in the Middle East, and concerns over Chinese aggression, driving demand. However, …
L3Harris Raises High-End 2024 Adjusted Earnings Forecast Amid Global Tensions Read More »
Snap (SNAP.N) surpassed Wall Street’s projections for quarterly revenue and user growth on Thursday, propelled by faster-than-expected results from enhancements to its advertising platform. Following the earnings report, Snap shares surged by 25% to $14.32 in after-hours trading. The company behind the photo messaging app Snapchat has been focused on refining its advertising targeting capabilities …
Snap Exceeds Expectations in First Quarter, Shares Surge 25% Read More »
Alphabet (GOOGL.O) made history on Thursday by declaring its inaugural dividend and announcing a $70 billion stock repurchase program, triggering a nearly 16% surge in its stock price after market close. The parent company of Google is giving back to shareholders while investing heavily in data centers to keep pace with competitors in the field …
Alphabet Unveils Maiden Dividend; Exceeds Expectations in Revenue, Profits; Stocks Surge Read More »
ByteDance, the owner of TikTok, may opt to close down its unprofitable app instead of selling it if the company runs out of legal avenues to challenge legislation aiming to remove the platform from U.S. app stores, according to four insider sources. TikTok’s CEO Shou Zi Chew expressed confidence on Wednesday that the company would …
China’s premier auto show kicked off in Beijing on Thursday with major players showcasing their latest electric vehicles (EVs), signaling the country’s swift transition to an all-electric era, with no turning back. This year’s event boasts a record 117 new model debuts, up from 93 last year in Shanghai, with a total of 278 new …
The head of Mercedes Benz in China stated on Thursday that the company plans to continue investing in partnerships with Chinese entities such as internet giant Baidu. Stressing the importance of China in their global strategy, Hubertus Troska highlighted China as the most vibrant market for new energy vehicles. This announcement was made during a …
Mercedes intends to persist in investing in collaborations in China. Read More »
The upcoming Beijing auto show will feature the debut of the first sedan from China’s electric vehicle manufacturer BYD’s premium brand, challenging established players like Germany’s Mercedes-Benz. Mercedes-Benz had stepped back from the brand’s development citing slow sales three years ago, reducing its stake to 10% from a previous 50-50 partnership with BYD founder Wang …
BYD of China Aims to Redefine Luxury for the Electric Vehicle Era Read More »
Ford Motor Co (F.N) reported first-quarter earnings on Wednesday that surpassed analysts’ estimates, fueled by a robust performance in its commercial vehicle segment and an uptick in hybrid vehicle sales. The company expressed confidence in achieving the upper end of its annual earnings guidance range of $10 billion to $12 billion before interest and taxes. …
established in 1986, ‘LEGIT’ strives to get justice for their clients. we believe in a good and honest fight, and we will not stop at anything.
© 2024 All rights reserved
Made with ❤ by QUBETECH LIMITED.
