Nintendo cuts Switch sales forecast as demand for ageing console wanes
Nintendo on Tuesday cut forecast for Switch sales for its fiscal year ending March 2025 as demand wanes for its ageing console. The Japanese gaming giant said it now expects…
Marqeta shares plunge more than 30% on big forecast miss
Marqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter. Here’s how the company did compared with Wall Street…
Meta extends ban on new political ads past Election Day
Meta extended its ban on new political ads on Facebook and Instagram past Election Day in the U.S. The social media giant announced the political ads policy update on Monday,…
The Dow needs Nvidia to give chipmakers representation in index after Intel’s plunge
At around $23 a share, Intel is no longer a viable member of the Dow Jones Industrial Average. That was the conclusion of the S&P Dow Jones committee, which decides…
Palantir shares surge on rosy revenue outlook
Palantir shares jumped 13% in extended trading on Monday after the data analytics software maker reported robust third-quarter results and revenue guidance. Here’s how the company did compared to LSEG…
Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation
Physical Intelligence, a robot startup based in San Francisco, has raised $400 million at a $2.4 billion post-money valuation, the company confirmed Monday to CNBC. Investors included Amazon founder Jeff…
Barry Diller calls timing of The Washington Post’s non-endorsement a ‘blunder’
To Barry Diller, a friend of Amazon founder Jeff Bezos, the decision for The Washington Post not to endorse a candidate in tomorrow’s presidential election was “absolutely principled” — and…
Coinbase, a16z and others pour more than $78 million into pro-crypto PAC for 2026 election
With one day to go until the U.S. general election, crypto companies have already poured tens of millions of dollars into the upcoming 2026 cycle. The pro-crypto and bi-partisan super…
AppLovin’s 300% surge in 2024 leaves ad-tech company with big expectations for earnings
While Nvidia’s spectacular surge remains the biggest story in the technology industry, the AI chipmaker’s performance on the market has been dwarfed this year by a digital advertising company with…
SK Hynix rallies 6.5% after Nvidia boss Jensen Huang asks firm to expedite next-generation chip
Shares of SK Hynix rallied 6.5% on Monday after the business announced a next-generation memory chip and the parent company’s chair said that the South Korean semiconductor firm sped up…