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Tesla Overcomes Regulatory Barriers for Self-Driving in China During Musk’s Visit

Leave a Comment / Tech News / April 29, 2024

Tesla has successfully navigated through significant regulatory obstacles that have previously impeded the deployment of its self-driving software in China. This development sets the stage for a positive outcome following Elon Musk’s unexpected trip to the U.S. automaker’s second-largest market. CEO Musk arrived in Beijing on Sunday, reportedly to discuss the implementation of Full Self-Driving …

Tesla Overcomes Regulatory Barriers for Self-Driving in China During Musk’s Visit Read More »

Shares of Indian IT company Tech Mahindra soar highest in 8 years on turnaround strategy

Leave a Comment / Tech News / April 26, 2024

Tech Mahindra’s (TEML.NS) shares surged by 13.2% on Friday, marking their most significant intraday increase in nearly eight years. This spike followed the announcement of a turnaround plan by India’s fifth-largest IT company, offering reassurance amid declining revenue growth over the past three quarters. As of 11:48 a.m. IST, the stock was up 8.6% at …

Shares of Indian IT company Tech Mahindra soar highest in 8 years on turnaround strategy Read More »

Yandex announces an increase in Q1 revenue amidst market anticipation for spin-off updates.

Leave a Comment / Tech News / April 26, 2024

Russian tech giant Yandex revealed a 40% surge in first-quarter revenue, reaching 228.3 billion roubles ($2.47 billion), buoyed by advancements in e-commerce and ride-hailing. The market eagerly awaits updates on an anticipated corporate spin-off. Yandex NV, the parent company listed on Nasdaq and registered in the Netherlands, finalized a $5.2-billion deal in February, selling its …

Yandex announces an increase in Q1 revenue amidst market anticipation for spin-off updates. Read More »

Snapchat’s parent company experiences a surge in stock price following surpassing revenue and user growth expectations.

Leave a Comment / Tech News / April 26, 2024

Shares of Snap (SNAP.N) surged nearly 25% in premarket trading on Friday, propelled by targeted ads and new features that propelled the photo messaging app’s parent company past Wall Street’s expectations for first-quarter revenue and user growth. Snap now anticipates second-quarter revenue to range between $1.23 billion and $1.26 billion, surpassing analysts’ forecasts of $1.22 …

Snapchat’s parent company experiences a surge in stock price following surpassing revenue and user growth expectations. Read More »

Reddit back up after brief outage affected thousands globally

Leave a Comment / Tech News / April 26, 2024

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 Plans $11 Billion Investment in Indiana for Data Center Expansion

Leave a Comment / Tech News / April 26, 2024

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 Raises High-End 2024 Adjusted Earnings Forecast Amid Global Tensions

Tech News / April 26, 2024

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 Exceeds Expectations in First Quarter, Shares Surge 25%

Leave a Comment / Tech News / April 26, 2024

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 Unveils Maiden Dividend; Exceeds Expectations in Revenue, Profits; Stocks Surge

Leave a Comment / Tech News / April 26, 2024

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 Leans Towards Shutting Down TikTok in US if Legal Remedies Exhausted, Sources Reveal

Leave a Comment / Tech News / April 26, 2024

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 …

ByteDance Leans Towards Shutting Down TikTok in US if Legal Remedies Exhausted, Sources Reveal Read More »

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