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Friday, April 26, 2024
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Akamai Technologies misses quarterly revenue estimates on weak security demand

(Reuters) - Akamai Technologies missed estimates for quarterly revenue on Tuesday and projected a downbeat first quarter as it grapples with a slowdown in demand for its cloud security services.

Lyft’s cost cuts to drive positive free cash flow in 2024; shares surge

By Akash Sriram (Reuters) -Lyft beat estimates for quarterly profit on Tuesday and said it would generate positive free cash flow for the first time in 2024, as it benefits from cost cuts and pushes

Nvidia market cap threatens Alphabet after overtaking Amazon

By Noel Randewich (Reuters) - Nvidia was on the verge of overtaking Alphabet as Wall Street's third most valuable company on Tuesday as the dominant AI chipmaker ended the day with a market

IAC’s core profit more than doubles in fourth quarter

(Reuters) - Internet holding company IAC said on Tuesday that a key profit metric doubled in the fourth quarter, amid an uptick in online traffic and advertising revenue, as well as profit growth in

Airbnb sees Q1 revenue above Street estimates on strong international travel

By Aishwarya Jain and Doyinsola Oladipo -Short-term rental company Airbnb forecast first-quarter revenue above Wall Street estimates on Tuesday, as it expects a boost from strong cross-border travel

Grocery-delivery firm Instacart forecasts strong Q1, plans 250 job cuts

(Reuters) - Instacart forecast on Tuesday its first-quarter gross transaction value and core profit above analysts' estimates, and said it plans to cut 250 jobs, or about 7% of its workforce, to focus

Lyft profit beats estimates as benefits from cost cuts kick in

By Akash Sriram (Reuters) - Lyft beat estimates for fourth-quarter profit on Tuesday and said it would generate positive free cash flow for the first time in 2024, as the ride-share platform reaps the

Tripadvisor stock jumps after company forms special committee to explore sale

(Reuters) -Tripadvisor's shares jumped nearly 18% on Tuesday after the online travel agency said its board of directors formed a special committee to explore options, including a potential sale.

Exclusive-Musk’s SpaceX fined after ‘near amputation’ suffered by worker, records show

By Marisa Taylor WASHINGTON (Reuters) - U.S. worker safety officials fined Elon Musk’s SpaceX $3,600 this month after an accident at its site in Washington state led to a “near amputation,” according

IT contractor CGI Federal says US government data breach was tied to Atlassian bug

By Raphael Satter WASHINGTON (Reuters) - A U.S. government data breach disclosed earlier this year was tied to a bug in enterprise software maker Atlassian's Confluence suite of collaboration tools,

On Camera

Modi’s speech rightly questions politics of appeasement. Wrongly targets all Muslims

The PM did make a valid point when he criticised the Congress for categorising the entire Muslim community in Karnataka under the Other Backward Classes. It is pure appeasement of Ashraaf Muslims and discriminates against Pasmandas.

Foreign policy resonating among more Indians in 2nd & 3rd tier towns of India, says EAM Jaishankar

Speaking at launch of economist Surjit Bhalla’s book, S Jaishankar also highlights Gen Z’s engagement with ‘reel culture’, which has 'promoted awareness, created interest in many subjects'.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.