Comcast Cable CEO Dave Watson told investors on Monday that the company expects to lose more than 100,000 broadband subscribers during the fourth quarter as the market remains “competitively intense.” Comcast shares dropped nearly 10% following Watson’s remarks at the UBS Global Media and Communications Conference on Monday. Cable broadband growth has been in the […]
Oracle shares slid 7% in extended trading on Monday after the database software company reported fiscal second-quarter results that fell short of analysts’ estimates and issued a weaker-than-expected forecast. Here is how Oracle did compared to LSEG consensus: Earnings per share: $1.47 adjusted vs. $1.48 expected Revenue: $14.06 billion vs. $14.1 billion expected Oracle’s second-quarter sales grew 9% […]
The US government has imposed fresh export controls on the sale of high tech memory chips used in artificial intelligence (AI) applications to China. The rules apply to US-made high bandwidth memory (HBM) technology as well as foreign-produced ones. Here’s everything you need to know about these cutting-edge semiconductors, which have seen demand soar along […]
Oil prices were mixed in early Asia trade on Monday as concerns over weak Chinese demand were offset by rising tensions in the Middle East following the rebel overthrow of Syrian President Bashar al-Assad. Brent crude futures fell by 1 cent to $71.11 per barrel by 1117 GMT. U.S. West Texas Intermediate crude futures rose […]
Payments are undergoing a significant evolution, driven by advancements in technology and evolving consumer behaviors. In 2025, the payment landscape globally and in the Philippines is set to become more seamless, secure, and interconnected, according to Visa, a global leader in payments technology. Visa said these changes reflect a broader movement toward efficiency and inclusivity, […]
The European BaaS market is expected to experience explosive growth and is projected to reach €100 billion by 2030, says Lunar. Lunar Banking Services already processes over 10,000 transactions daily and supports €5 billion in transaction volume run rate. Now the bank is setting up the Moonrise business, promising to simplify financial connectivity for payment […]
Following the 2022 Biodiversity Conference of Parties, the world has been trying to follow the ambitious Global Biodiversity Framework agreement. Recently, they reconvened for the COP16 event in Cali where the focus was on further agreements, resources and plans to ensure the GBF’s success by 2030. At the event, there were some successes and some […]
US President-elect Trump took to his social media platform Truth Social to confirm Sachs will “guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas.” Continues Trump: “He will safeguard Free Speech online, […]
Few Oregonians ever see the high-tech work that drives the state’s economic motor. It takes place out of sight and mostly in secret, under fluorescent lights in Intel’s closely guarded Hillsboro cleanrooms. Technicians cloaked from head to toe in white bunny suits tend to enormous machines, manufacturing the microscopic circuitry that runs PCs and the […]
The Consumer Financial Protection Bureau announced Friday that it was placing Google’s payment arm under federal supervision. In response, Google filed a lawsuit seeking to block the move. Such supervision would subject Google to the same inspections that the bureau conducts with major banks and other financial institutions for potential violations of the law. The […]
The US economy added more jobs than forecast in November while the unemployment rate ticked higher as the labor market rebounded from a month negatively impacted by severe weather and labor strikes. Data from the Bureau of Labor Statistics released Friday showed 227,000 new jobs were created in November, just above the 220,000 expected by […]
Google sued the Consumer Financial Protection Bureau on Friday, challenging the agency’s decision to place Google’s payment division under federal supervision. In a copy of the lawsuit provided by Google, the company said the CFPB’s supervision would be a “burdensome form of regulation” imposed based on a “small number of unsubstantiated user complaints.” The CFPB’s […]
