HONG KONG (Reuters) - Ant Financial’s money market fund will place a temporary daily cap on subscription volumes ahead of an expected surge in inflows during the Chinese Lunar New Year, as calls grow for tighter regulations of these funds to prevent systemic risks. The restrictions by Yu&lsquo...
HANGZHOU, China (Reuters) - It has no physical branches or expensive foreign software, and uses cloud technology to cut back on the hardware it needs to serve borrowers. MYbank, a Chinese online lender that is an offshoot of Alibaba Group Holding Ltd, has built its business on doing things cheaply. ...
(Reuters) - Facebook Inc offered reassurances to investors on Wednesday that its digital ad business would remain highly profitable, despite a dip in usage on the social media network and an overhaul of its flagship News Feed. The company said in an earnings report that quarterly revenue jumped 47 p...
(Reuters) - Qualcomm Inc on Wednesday aimed to show shareholders that its licensing practices still have a future after having come under scrutiny from antitrust regulators around the world as well as from major customer Apple Inc. The disputes over the practices have even weakened Qualcomm’s ...
(Reuters) - Chipmaker Qualcomm Inc’s (QCOM.O) profit and revenue beat expectations as demand surged for its chips used in smartphones and cars, but an earnings forecast for the current quarter fell below analysts’ estimates due to tepid mobile sales in China. China’s smartphone mar...
(Reuters) - Facebook Inc (FB.O) shares rose after hours on Wednesday after the social media network said that fewer hours spent on its flagship News Feed might would not necessarily hurt its highly profitable digital advertising business. Shares of the company were up 1 percent at $188.64 after repo...
(Reuters) - Microsoft Corp (MSFT.O) beat Wall Street’s profit forecast on Tuesday, helped by growth in its cloud computing business, but took a $13.8 billion one-time charge due to the new U.S. tax law. Stock of the world’s largest software company, which have risen almost 50 percent ove...
NEW YORK (Reuters) - AT&T Inc (T.N) reported quarterly profit that beat analysts’ estimates on Wednesday, helped by tax cuts and new wireless subscribers, and its chief executive voiced confidence the company will complete its $85.4 billion acquisition of Time Warner Inc (TWX.N). The U.S. ...
(Reuters) - Chipmaker Qualcomm Inc’s (QCOM.O) earnings and revenue exceeded Wall Street forecasts for the first fiscal quarter as demand surged for its chips used in smartphones and cars, making up for a fall in licensing revenue. The results come as the San Diego-based chipmaker tries to rebu...
(Reuters) - Facebook Inc (FB.O) said on Wednesday that time spent on the social network fell at the end of last year by about 50 million hours a day, even before the company made changes to its flagship News Feed that may further reduce user engagement. Shares of the company were down 4.1 percent at...
(Reuters) - Microsoft Corp (MSFT.O) beat Wall Street’s profit forecast on Tuesday, helped by growth in its cloud computing business, but took a $13.8 billion one-time charge due to the new U.S. tax law. Stock of the world’s largest software company, which have risen almost 15 percent ove...
(Reuters) - Twitter Inc said on Wednesday it had expanded notifications to about 1.4 million people, who were exposed to content generated by a suspected Russian propaganda service. The company had said earlier this month it would email 677,775 people in the United States who followed, retweeted or ...
NEW YORK (Reuters) - AT&T Inc (T.N) said on Wednesday that quarterly profit beat Wall Street analyst estimates, helped by impacts from tax cuts and wireless subscriber additions. Net income attributable to AT&T was $19.0 billion, or $3.08 per share, in the fourth quarter ended Dec. 31, up fr...
(Reuters) - Payments processor PayPal Holdings Inc’s (PYPL.O) fourth-quarter profit topped analysts’ forecasts on strength in its merchant services business, but the company gave a disappointing forecast for first-quarter earnings, sending its shares lower. PayPal said on Wednesday its n...
(Reuters) - Chipmaker Qualcomm Inc’s (QCOM.O) earnings and revenue topped Wall Street forecasts for the first fiscal quarter as demand surged for its chips used in smartphones and cars, making up for a fall in licensing revenue. The results come as San Diego-based Qualcomm tries to rebuff a $1...
(Reuters) - A federal appeals court in San Francisco ruled on Wednesday that Twitter Inc is not liable to families of two U.S. government contractors killed in an Islamic State attack in Jordan for having failed to block that group from using its accounts and messaging services. The 9th U.S. Circuit...
WASHINGTON (Reuters) - Two senior U.S. Democratic lawmakers on Wednesday asked Facebook Inc and Twitter Inc to answer questions about potential Russian involvement in social media campaigns that urged release of a Republican memorandum alleging surveillance abuses at the FBI, saying the companies ha...
(Reuters) - Music streaming service Spotify has been testing an app to rival Pandora Media Inc’s streaming stations, TechCrunch reported on Tuesday. The new app, called “Stations by Spotify”, was visible on the Google Play Store but Reuters could not immediately verify in which mar...
SAN FRANCISCO (Reuters) - Slack Technologies Inc now has more than 150 customers using the enterprise version of its workplace collaboration software, Chief Executive Stewart Butterfield told Reuters. Slack Enterprise Grid, as the enterprise service is called, has added several corporate customers s...
SAN FRANCISCO (Reuters) - One of the most dramatic moments in an upcoming trade secrets trial between Alphabet Inc’s (GOOGL.O) Waymo and Uber will likely come when the former chief of Uber’s self-driving car unit takes the witness stand, as he is expected to repeatedly refuse to answer q...
