The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Around $10 billion of value was wiped off Sony’s stock last week, after the Japanese tech giant cut its sales forecast for its flagship PlayStation 5 console for the fiscal year. Analysts, who already thought Sony’s PS5 target was too … Read more
Travellers look at the flight departure schedule on the screen at Singapore Changi airport on December 7, 2022. Roslan Rahman | Afp | Getty Images Flights departing from Singapore will cost more from 2026 as the country pushes ahead with its aviation industry decarbonization goals. All outbound planes will use sustainable aviation fuel (SAF) from … Read more
Chip Paucek, co-founder and former CEO of 2U, appears at the company’s headquarters in Lanham, Maryland on Nov. 17, 2021. The company’s chief financial officer, Paul Lalljie, replaced Paucek as CEO in November 2023. Marvin Joseph | The Washington Post | Getty Images When 2U went public a decade ago, the company was out to … Read more
Mette Frederiksen, Denmark’s prime minister, speaks on day two of the Munich Security Conference in Munich, Germany, on Saturday, Feb. 17, 2024. Bloomberg | Getty Images MUNICH, Germany â The West is suffering a “colossal failure of imagination” in thinking Russia’s war in Ukraine will not hit them next, European policymakers have been told amid … Read more
Phil Spencer, CEO of gaming at Microsoft, speaks during the company’s Xbox event ahead of the E3 Electronic Entertainment Expo in Los Angeles on June 10, 2018. Patrick T. Fallon | Bloomberg | Getty Images Microsoft said on Thursday that it will release four of its video games on competing consoles. Phil Spencer, head of … Read more
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses â even at some companies that are turning a profit. Barbie maker … Read more
Nvidia CEO Jensen Huang speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023. Walid Berrazeg | Sopa Images | Lightrocket | Getty Images Investors have become so enamored with Nvidia’s artificial intelligence story that they want a piece of anything the chipmaker touches. On Wednesday, Nvidia disclosed in … Read more
A photo of Alexei Navalny and candles are seen in front of the Russian consulate in Krakow, Poland on February 16, 2024. Jakub Porzycki | Nurphoto | Getty Images A spokesperson for Putin dissident Alexei Navalny confirmed his death on Saturday, after Russian media reported his demise on Friday, citing the prison service of the … Read more
Jeff Green, CEO, The Trade Desk Scott Mlyn | CNBC Shares of The Trade Desk jumped over 18% on Thursday after the advertising technology company issued strong first-quarter guidance and beat on revenue. Here’s what analysts were expecting: Earnings per share:Â 41 cents, adjusted vs. 43 cents expected by LSEG, formerly known as Refinitiv Revenue: $606 … Read more
Anti-Kremlin activist Bill Browder said he believes Alexei Navalny’s death was intended as a message to political opponents of Russian President Vladimir Putin ahead of elections next month. Dissident Navalny, who died Friday, had been serving a 19-year prison sentence on charges of extremism in Russia, which he vehemently denied. World leaders reacted with dismay and … Read more
