In this photo illustration, British billionaire Richard Branson is seen on a fragment of a Virgin Galactic Unity 22 Spaceflight Livestream Youtube video displayed on a smartphone with the Virgin Galactic logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Virgin Galactic shares plunged more than 14% in premarket trade on Monday, after … Read more
“The lure of entrepreneurship is undeniable,” writes resident pitch expert Haje Jan Kamps. But starting a company is also a hard road, and the decision to go for it shouldn’t be taken lightly. Full TechCrunch+ articles are only available to members.Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription. It’s not … Read more
Jeff Green, CEO, The Trade Desk Scott Mlyn | CNBC The Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts’ estimates. Third-quarter results topped estimates. Here’s how the company did: Earnings per share: 33 cents, adjusted vs. 29 cents expected … Read more
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters U.K. government borrowing costs fell sharply Thursday, continuing a pull-back from recent highs, after the Bank of England joined the Federal Reserve in holding interest rates steady for a second straight … Read more
Aston Martin DBS Superleggera (c) Paul A. Eisenstein | TheDetroitBureau Aston Martin shares plunged more than 16% on Wednesday morning after the British luxury carmaker cut its volume target due to production problems for its new DB12 model and posted a bigger-than-expected quarterly loss. Deliveries of the next-generation DB12 sports car began last quarter and … Read more
Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Nokia on Thursday said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings. The Finnish telecommunications giant said that it will reduce its cost base and increase … Read more
People walk past an advertisement for Samsung Galaxy S23 phones at the company’s Seocho building in Seoul on April 7, 2023. Jung Yeon-je | Afp | Getty Images South Korean chip giant Samsung Electronics is expecting a 78% drop in operating profit in the quarter ended September, according to guidance released by the company. The … Read more
JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right now. “I’m not sure how … Read more
A container ship from China-owned Cosco Delivery sits within the Port of Oakland in California on Aug. 7, 2023. Justin Sullivan | Getty Pictures Information | Getty Pictures BEIJING — China stated Tuesday that exports fell by 14.5% in July from a yr in the past, whereas imports dropped by 12.4% in U.S. greenback phrases. … Read more
A crane masses a transport container branded A.P. Moller-Maersk onto a freight ship. Balint Porneczi | Bloomberg | Getty Photographs Danish transport big Maersk on Friday reported a pointy fall in second-quarter earnings on the again of plunging container charges, however nonetheless managed to beat market expectations and improve its full-year steerage. The world’s second-largest … Read more