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Microsoft set to report earnings after the close

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on , April 4, 2025. Microsoft is scheduled to report fiscal fourth-quarter results after markets close on Wednesday. Here's what analysts are expecting, according to LSEG consensus: Earnings per share: $3.37 $3.37 Revenue: $73.81 billion The estimates imply around 14% year-over-year revenue growth for Microsoft, the world's No. 2 company by marke

Ramp hits $22.5B valuation just 45 days after reaching $16B

In Brief Eric Glyman, co-founder and CEO of expense management startup Ramp, announced on Wednesday a fresh $500 million raise at a whopping $22.5 billion post-money valuation. This new round, led by Iconiq Growth with participation from Founders Fund and D1 Capital Partners, comes just 45 days after Ramp’s last round. In June, Ramp raised $200 million at a $16 billion valuation, and that was a leap over the $13 billion valuation Ramp announced in March. In his blog post, Glyman laid out his

Apple set to acquire yet another campus in the Bay Area

Apple’s real estate spree in Silicon Valley continues, as the company is reportedly in contract to make its third major Bay Area acquisition this year alone. Here are the details. $882 million in a little more than a month Citing sources familiar with the deal, the San Francisco Chronicle says that Apple has agreed to purchase the four-building Mathilda Campus at 505–599 North Mathilda Avenue and 605 West Maude Avenue for $365 million. As with the other two recent acquisitions, Apple already

The New York Times and Amazon's AI licensing deal is reportedly worth up to $25 million per year

Amazon's AI licensing deal with The New York Times is worth $20 million to $25 million per year, according to The Wall Street Journal . The two companies did not disclose the fiscal terms of the agreement back when it was announced in May . The Journal's reporting provides a rare insight into the value of a media company licensing its content for AI training. In the case of The Times, Amazon's annual payments to the publisher would amount to nearly one percent of its total revenue in 2024. In r

Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation

In Brief AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn’t yet final and terms could change. Groq raised $640 million at a $2.8 billion valuation in August 2024, making this double the valuation in about a year. Groq previously raised about $1 billion. The new round is led by Austin-based firm Disruptive, Bloomberg reports. The November round was led by BlackRock, with participation from Neuberger Ber

Spotify drops 11% for worst day in two years on weak guidance

The company expects revenues to reach 4.2 billion euros, compared to a 4.47 billion euro estimate from StreetAccount. Spotify said the forecast accounts for a 490-basis-point headwind due to foreign exchange rates. Spotify said higher personnel, marketing and professional services costs and 115 million euros worth of what it called social charges contributed to the results. The Swedish platform's revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a net l

Anthropic in talks to raise fresh capital at $170 billion valuation

Anthropic is in talks to raise between $3 billion and $5 billion in a funding round led by Iconiq Capital that would value the artificial intelligence startup at $170 billion, CNBC has confirmed. The OpenAI competitor has been reeling in billions of dollars at a rapidly increasing valuation reflecting investors' thirst for a piece in the fastest growing AI companies. In March, Anthropic closed a $3.5 billion round at a $61.5 billion, led by Lightspeed Venture Partners. Bloomberg was first to r

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 10% on weak guidance

The company expects revenues to reach 4.2 billion euros, compared to a 4.47 billion euro estimate from StreetAccount. Spotify said the forecast accounts for a 490-basis-point headwind due to foreign exchange rates. Spotify said that higher personnel, marketing and professional services costs and 115 million euros worth of what it called social charges contributed to the results. The Swedish platform's revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a

CyberArk pops on report of $20B+ acquisition talks with Palo Alto Networks

Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City, U.S., March 25, 2025. CyberArk shares soared as much as 18% on Tuesday after The Wall Street Journal reported that cybersecurity provider Palo Alto Networks has held discussions to buy the identity management software maker for over $20 billion. Cloud security is becoming an increasingly critical piece of the enterprise tech stack, especially as rapid advancements in artificial inte

Anthropic reportedly nears $170B valuation with potential $5B round

In Brief Anthropic is nearing a deal to raise between $3 billion and $5 billion in funding, valuing the large language model developer at $170 billion, Bloomberg reported. Iconiq Capital is leading this funding round, but there’s a possibility of a second lead investor joining the deal. The company has also been in talks with Qatar Investment Authority and GIC, Singapore’s sovereign wealth fund, according to the report. If finalized, the deal would nearly triple Anthropic’s valuation, which w

CyberArk's stock jumps on report Palo Alto Networks in talks to buy company for over $20 billion

Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City, U.S., March 25, 2025. CyberArk shares soared as much as 18% on Tuesday after The Wall Street Journal reported that cybersecurity provider Palo Alto Networks has held discussions to buy the identity management software maker for over $20 billion. Representatives of the two companies didn't immediately respond to requests for comment. Cloud security is becoming an increasingly critic

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 11% on weak guidance

Spotify shares dropped more than 11% Tuesday after the music streaming service fell short of Wall Street's expectations and posted weak guidance for the current quarter. Shares headed for their worst session since July 2023. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Swedish platform's revenues ro

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 9% on weak guidance

The company expects revenues to reach 4.2 billion euros, compared to a 4.47 billion euro estimate from StreetAccount. Spotify said the forecast accounts for a 490-basis-point headwind due to foreign exchange rates. Spotify said that higher personnel, marketing and professional services costs and 115 million euros worth of what it called social charges contributed to the results. The Swedish platform's revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a

PayPal stock sinks 8% as company reports slow growth in key margin figure

PayPal reported better-than-expected results for the second quarter but saw slowing growth in transaction margin dollars, a key measure of profitability. The stock slipped more than 8% following the report. Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected $1.40 adjusted vs. $1.30 expected Revenue: $8.29 billion vs. $8.08 billion expected Sales increased 5% from $7.89 billion a year ear

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 8% on weak guidance

Spotify shares dropped more than 8% before the bell Tuesday after the music streaming service fell short of Wall Street's expectations and posted weak guidance for the current quarter. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Swedish platform's revenues rose 10% from about 3.81 billion euros in t

PayPal reports slow growth in key margin figure even as earnings top estimates

PayPal reported better-than-expected results for the second quarter but saw slowing growth in transaction margin dollars, a key measure of profitability. The stock slipped more than 5% following the report. Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected $1.40 adjusted vs. $1.30 expected Revenue: $8.29 billion vs. $8.08 billion expected Sales increased 5% from $7.89 billion a year ear

Spotify stock falls 7% on revenue miss, lackluster guidance

Spotify shares dropped more than 7% before the bell Tuesday after the music streaming service fell short of Wall Street's expectations and posted weak guidance for the current quarter. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Swedish platform's revenues rose 10% from about 3.81 billion euros in t

Spotify hits 696M users, but returned to making a loss

Spotify has posted its latest earnings report, stating that both paid and free users were up more than 10% year-on-year, but the company returned to making a loss … Spotify announced solid growth in both subscribers and revenue: Subscribers climbed 12% Y/Y to 276 million. climbed 12% Y/Y to 276 million. Monthly Active Users grew 11% Y/Y to 696 million. grew 11% Y/Y to 696 million. Total Revenue increased 10% Y/Y to €4.2 billion. increased 10% Y/Y to €4.2 billion. Gross Margin improved by 22

Samsung backs South Korean AI chip startup Rebellions ahead of IPO

The Rebel-Quad is the second-generation product from Rebellions and is made up of four Rebel AI chips. Rebellions, a South Korean firm, is looking to rival companies like Nvidia in AI chips. South Korean artificial intelligence chip startup Rebellions has raised money from tech giant Samsung and is targeting a funding round of up to $200 million ahead of a public listing, the company's management told CNBC on Tuesday. Last year, Rebellions merged with another startup in South Korea called Sape

PayPal beats on earnings, raises full-year outlook as Venmo growth accelerates

PayPal reported better-than-expected results for the second quarter and raised its full-year guidance for transaction margin dollars and earnings per share. The stock slipped more than 4% following the report. Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected $1.40 adjusted vs. $1.30 expected Revenue: $8.29 billion vs. $8.08 billion expected Sales increased 5% from $7.89 billion a year

Spotify stock falls on revenue miss, lackluster guidance

Spotify shares dropped about 4% Tuesday after the music streaming platform fell short of Wall Street's expectations and posted weak guidance for the current quarter. Here's how the company did versus LSEG estimates: Loss: Loss of .42 euros vs earnings of 1.90 euros per share expected Loss of .42 euros vs earnings of 1.90 euros per share expected Revenue: 4.19 billion euros vs. 4.26 billion expected The Sweden-based music platform's revenues rose 10% from about 3.81 billion euros in the year-

Waymo plans to bring its robotaxi service to Dallas in 2026

A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Alphabet's Waymo unit plans on bringing its robotaxi service to Dallas next year, adding to a growing list of prospective U.S. markets for 2026, including Miami and Washington, D.C. Rental car company Avis Budget Group will be managing the Waymo fleet in Dallas, via a new partnership the companies announced Monday. Avis CEO Brian Choi said in a statement that the agreement marks a "mil

The first company to complete a fully successful lunar landing is going public

Firefly Aerospace seeks to raise more than $600 million through a public stock offering, an arrangement that would boost the company's market valuation to near $5.5 billion, according to a document filed with the SEC on Monday. The launch of Firefly's Initial Public Offering (IPO) comes as the company works to build on a historic success in March, when Firefly's Blue Ghost lander touched down on the surface of the Moon. Firefly plans to sell 16.2 million shares of common stock, at a price of be

Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion

Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025. Firefly Aerospace will price shares at $35 to $39 each in its upcoming initial public offering, a deal that would value the rocket maker at about $5.5 billion. The Texas-based space company said in an updated prospectus Monday that it's planning to sell about 16.2 million shares. The offering could raise up to $631.8 million. Earlier this month, Firefly

Figma raises IPO range to $30-$32 per share, in deal that could value company at nearly $19 billion

Elena Nadolinski, founder and CEO at Iron Fish, and Dylan Field, CEO and co-founder of Figma, attend the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, on July 7, 2022. Design software maker Figma on Monday increased the expected price range for shares in its initial public offering this week. The company now expects shares to go for $30 to 32 each, up from the range of $25 to $28 that it disclosed on July 21. The new range, announced in a regulatory filing, suggests F

‘Fantastic Four’ Steps Toward a Solid Box Office Start

Fantastic Four: First Steps came to a theater near you this weekend, and its opening numbers are looking good. Per the Hollywood Reporter, Marvel’s latest earned $218 million worldwide in its first three days. While it’s slightly behind expectations and the similarly solid $220 million global opening of Superman two weeks prior, this is already more than the 2015 Fantastic movie made in its theatrical run. Of its current take, $118 million came from domestic audiences, where it outperformed ini

Apple’s F1 movie crosses $500 million at global box office

The F1 movie continues its hot streak at cinemas, with the film still widely resonating with audience a month after its theatrical premiere. The Apple Original Film has now crossed the $500 million mark at the global box office, with the running total now standing around $509 million. F1: The Movie will eventually land on Apple TV+, likely in October. But Apple and distributor Warner Bros. have little incentive to hurry along the secondary release windows if the cinema takings remain as strong

What went wrong for Yahoo

Reddit calls itself the front page of the Internet. But for a good decade or even a decade and a half, Yahoo had as legitimate of a claim as any to the title of front page of the Internet. On July 25, 2016, Yahoo met an inglorious end as an independent company, selling out to Verizon for $4.8 billion. That makes today as good of a day as any to look at what happened to Yahoo, the first front page of the Internet. How far Yahoo fell At the time, Forbes called it the saddest $5 billion deal in t

How to Watch Australia vs. British & Irish Lions From Anywhere: Stream 2nd Test Rugby Union Free

After a gripping first encounter in Brisbane, Australia will be looking to keep their series hopes alive today as the hosts go in search of a vital win against the Lions in the second Test at Melbourne Cricket Ground. Below, we'll outline the best live TV streaming services to use to watch this match as it happens, wherever you are in the world, and how to use a VPN if the game isn't available where you are. The Lions claimed a one-sided 27-19 victory last weekend at Suncorp Stadium, in a matc

How to Watch Australia vs. British & Irish Lions From Anywhere: Stream 2nd Test Rugby Union for Free

After a gripping first encounter in Brisbane, Australia will be looking to keep their series hopes alive today as the hosts go in search of a vital win against the Lions in the second Test at Melbourne Cricket Ground. Below, we'll outline the best live TV streaming services to use to watch this match as it happens, wherever you are in the world, and how to use a VPN if the game isn't available where you are. The Lions claimed a one-sided 19-27 victory last weekend at Suncorp Stadium, in a matc