Spotify’s stock took a sharp 11% dive on Tuesday — marking its worst trading day since July 2023 — after the music-streaming giant missed analysts’ revenue forecasts and offered weaker-than-expected guidance for the upcoming quarter. The company posted a Q2 loss of €86 million, or €0.42 per share, falling short of market expectations which anticipated […]
Cash App is making a major move in the peer-to-peer payment space with the introduction of a new feature called Pools, aimed at simplifying group payments. The launch marks the platform’s first major update to its P2P functionality in nearly two years and allows contributions from non-Cash App users via Apple Pay and Google Pay […]
Amid increasing calls from former President Donald Trump to bring more jobs back to American soil, Apple is rolling out a new manufacturing-focused initiative in downtown Detroit. The newly established Apple Manufacturing Academy—developed in partnership with Michigan State University—is set to open this August and will offer hands-on training in manufacturing and artificial intelligence, targeting […]
U.S. Commerce Secretary Howard Lutnick issued a stark warning on Thursday, stating that TikTok will be blocked in the United States unless its Chinese parent company, ByteDance, agrees to transfer control to American entities. “You can’t have something controlled by China living on 100 million American phones,” Lutnick said during an appearance on a financial […]
Nvidia issued a strong warning on Thursday about the use of unauthorized AI chips in underground data centers, calling the practice both technically flawed and economically unsustainable. The statement followed a recent investigative report alleging that over $1 billion worth of Nvidia’s high-performance chips have been illicitly funneled into China. “Building data centers using smuggled […]
Apple has officially launched the public beta of iOS 26, offering iPhone users an early look at the company’s most significant interface overhaul since iOS 7 in 2013. Now available for public testing, the iOS 26 beta gives users a chance to explore the redesigned system ahead of its official release this fall. To participate, […]
Intel delivered better-than-expected revenue results in the second quarter, but its stock dipped 5% in after-hours trading as CEO Lip-Bu Tan revealed deep cuts to the company’s chip manufacturing investments. The semiconductor giant reported $12.86 billion in revenue, surpassing the forecast of $11.92 billion. Adjusted earnings showed a loss of 10 cents per share. For […]
Elon Musk’s satellite internet venture, Starlink, experienced a major network disruption on Thursday that lasted around two and a half hours, affecting users globally. Outage tracking platform Downdetector recorded over 60,000 user reports at the height of the service interruption. Owned and operated by SpaceX—also headed by Musk—Starlink acknowledged the issue on social media. Musk […]
Just days after Astronomer CEO Andy Byron stepped down, the company’s top HR executive, Kristin Cabot, has also resigned following a widely circulated incident at a Coldplay concert. “Kristin Cabot is no longer with the company,” a spokesperson confirmed in a Thursday email. Cabot served as Astronomer’s Chief People Officer. The controversy erupted after concertgoers […]
Meta unveiled a new wave of safety features on Wednesday aimed at better protecting teenagers across its platforms. These updates include stronger direct messaging safeguards to combat exploitative content and new tools to help teens identify and report suspicious users. Now, younger users will see added context about the people they’re chatting with—such as the […]