Okta Inc. executives on Tuesday said they will report an adjusted profit in the fourth quarter and, in a surprise, predicted profitability for all of next fiscal year, trumping profit Read more
Tag: computers
Salesforce co-CEO Bret Taylor leaving, stock falls after lower-than-expected forecast
Salesforce Inc. performed better than expected in the third quarter, but executives issued a fourth-quarter forecast that fell short of expectations on Wednesday and revealed that co-Chief Executive Bret Taylor Read more
CrowdStrike stock drops nearly 20% as elongating sales cycle slows new subscriptions
CrowdStrike Holdings Inc. shares dropped in the extended session Tuesday after the cybersecurity company said new subscriptions came in below expectations amid macro headwinds and longer customer buying cycles. Given concern Read more
5 things NOT to buy on Black Friday
It’s a year for shopping prudently. Americans will spend between $942.6 billion and $960.4 billion this holiday season, according to projections from the National Retail Federation. That’s up from last Read more
UK Regulator Opens Cloud Gaming, Browsers Probe After Reports of Apple, Alphabet Duopoly
By Kyle Morris The U.K.’s Competition and Markets Authority has launched an investigation into cloud gaming and mobile browsers after an earlier report that Apple Inc. and Alphabet Inc. have Read more
Cisco’s stock rises on strong quarterly sales, guidance
Cisco Systems Inc.’s stock rose in extended trading Wednesday after the networking-technology company delivered better-than-expected numbers on the top and bottom line, and offered encouraging guidance. Cisco CSCO, -1.14% reported Read more
Alibaba, Tencent, lead Hong Kong tech stocks higher after upbeat China online retail sales data
Shares of Chinese internet giants jumped in Hong Kong, after official data showed better-than-expected October retail sales in the world’s second-largest economy. Alibaba Group Holding Ltd. BABA HK:9988 jumped 9.8%, Read more
Markets are getting a wake-up call in 2023, says Morgan Stanley, which offers a plan for investors to get ready.
According to Fed Reserve Gov. Christopher Waller and several strategists, last week’s softer-than-expected October CPI that sent the S&P 500 to its best level in five months was overdone. His Read more
FTX is investigating a potential hack amid bankruptcy filing
Bankrupt cryptocurrency exchange FTX is probing a potential hack and asked customers to stay off the FTX website, the company said. More than $400 million worth of crypto funds appears Read more
Microsoft co-founder Paul Allen’s art collection sells for an unprecedented $1.5 billion
The unprecedented $1.5 billion sale of the late Microsoft MSFT, +1.70% co-founder Paul Allen’s masterpiece collection Wednesday evening at Christie’s — followed by strong results for the sale of 95 Read more