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Uber to record a net loss in the fourth quarter

Uber Technologies ( UBER ) is on the upswing ahead of its fourth-quarter results to be released before markets open Wednesday, with demand for its rides and deliveries up, fares higher and the number of drivers fully recovered from steep losses due to the pandemic. The company is on track to post the first profitable year in its history based…

Samsung announces a new Galaxy S23 Ultra

Common sense in digital photography says that megapixels aren't everything. To some extent they matter, but smartphone manufacturers have a long history of relying too heavily on these numbers as a kind of shorthand for camera quality. In other words, they play an important role, but they have to work together with a number of other key elements to really…

Twitter is launching a new ad unit called “Keyword Ads in Search”

Twitter is introducing a new ad unit called Search Keywords Ads, which allows users to promote sponsored tweets in search results.Advertisers will now be able to pay to have their tweets appear at the top of search results for certain keywords. This feature is similar to promoted tweets that appear on users' timelines, but with the added benefit of appearing…

Intel shares fall after horrible results

Intel shares closed down 6.4 percent Friday, a day after the company reported dismal quarterly and annual results . The chip maker's tepid quarterly results, with a 32% year-over-year decline in revenue and a net loss of $664 million for the fourth quarter of 2022, took analysts and investors alike by surprise. Intel's problems, including chip glut and weakening factory…

McDonald’s has beaten profit estimates by attracting low-income customers

McDonald's reported Tuesday that U.S. customers are visiting its restaurants more frequently, helping the fast-food giant beat Wall Street estimates for fourth-quarter revenue and earnings. For the second quarter in a row, the company saw an increase in domestic traffic, contrary to the industry trend. Many consumers have cut back on restaurant spending in response to inflation. But McDonald's largely…

Microsoft users are facing a global cloud outage

Users faced a cloud failure Wednesday that affected several products, including Teams and Outlook. The U.S. technology giant has now canceled a network change that it believes is responsible for the glitch that left users around the world unable to access several Microsoft 365 services earlier Wednesday. The company also said that some of its previously affected customers are now…

Bitcoin falls again after big rise

Bitcoin BTCUSD -0.17% and other cryptocurrencies fell Thursday, falling along with the stock market as investors worry about the prospect of a recession . The big rally in digital assets last week, which had little fundamental support, will now be tested. The price of bitcoin has fallen 2% in the last 24 hours to below $20,800. The major cryptocurrency closed…

DeLorean to unveil Alpha 5

DeLorean has released fresh details and images of its Alpha 5 EV, an electric car with wings that company owners hope will resurrect the long-defunct brand and perhaps set the direction for new electric models. The company - and the EV - won't make a public appearance until later this summer at Monterey Auto Week. But the brand's owners, eager…

BMW plans to rely on electric vehicles

By 2030, at least half of BMW Group vehicles worldwide will be fully electric. This follows from the main presentation of the German car manufacturer at the Consumer Electronics Show in Las Vegas, where BMW Chairman of the Board of Directors Oliver Zips on Wednesday presented a vision of the future of BMW, which is based on three main characteristics:…

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