In an unexpected turn of events, United Parcel Service (UPS) saw its shares tumble more than 17% on a Thursday that shook investors to their core. This decline followed the company’s announcement of disappointing revenue projections for the upcoming year and the revelation that it intends to significantly reduce its delivery obligations to Amazon, its
Enterprise
In a significant move that underscores its commitment to space exploration and technology, the U.K. government has announced a £20 million ($24.8 million) investment in Orbex, a burgeoning Scottish startup aiming to make waves in the competitive space launch sector. This strategic financial support, disclosed during the European Space Conference in Brussels, is part of
In light of the recent wave of uncertainties sweeping through Google, a significant movement among its workforce has emerged, underscoring growing discontent and fears regarding job security. An internal petition titled “job security” has quickly garnered attention, with over 1,250 employees signing it. This grassroots initiative reflects the unease within the ranks of one of
In November 2023, Foxconn, renowned as the world’s largest electronics contract manufacturer, announced its plans for a significant new facility in Guadalajara, Mexico. This noteworthy development comes in tandem with Nvidia’s decision to produce its coveted GB200 NVL72 server racks at this location starting in early 2025. This strategic shift not only highlights the evolving
In an era marked by fierce competition among social media platforms, Meta is actively seeking to regain its dominance through a strategic initiative targeting creators to promote Instagram amidst the uncertainty surrounding TikTok. With TikTok encountering significant regulatory obstacles in the U.S., including temporary removal from app stores and pending legislative decisions, Meta has seized
The recent decision by the U.S. Securities and Exchange Commission (SEC) to eliminate the Staff Accounting Bulletin 121 has marked a watershed moment for the cryptocurrency industry. For years, this guideline imposed significant hurdles for financial institutions interested in engaging with digital assets by classifying cryptocurrencies, such as Bitcoin, as liabilities on their balance sheets.
Meta Platforms, Inc., the tech giant behind Facebook and Instagram, has embarked on a significant monetization strategy by initiating an advertising trial on its Threads microblogging platform. Announced through a blog post on a recent Friday, this experiment signifies Meta’s first attempt to leverage its Threads user base for revenue generation. Launched in July 2023
Microsoft has officially announced the resignation of Chris Young, its head of business development, after four impactful years in the role. His departure marks a significant shift for the tech giant, especially considering Young’s instrumental role in key acquisitions and strategic partnerships, including the $68.7 billion deal for Activision Blizzard. As one of the most
On Tuesday, Reddit’s stock soared over 7%, achieving an unprecedented milestone as it reached $191 during midday trading. This surge marked the company’s high point, surpassing the previous record of $182 set earlier in January. Analysts at Raymond James played a crucial role in this upswing by elevating their price target from $150 to $200,
The rapidly evolving landscape of global semiconductor manufacturing presents unique challenges and opportunities, particularly for Taiwan Semiconductor Manufacturing Company (TSMC). As discussions about onshoring chip production gain momentum in the United States, TSMC finds itself at the heart of these developments. Recently, accusations from U.S. President-elect Donald Trump have brought Taiwan’s role in the semiconductor