Finland's Nokia cut its annual outlook on Friday and Swedish rival Ericsson delivered second-quarter results slightly above expectations, as a slowdown in consumer spending hit sales of telecom gear.
Since Meta Platforms' close competitor Twitter was taken off the public market by Elon Musk nine months ago, the equity value of the social media company has soared. But that isn’t enough for boss Mark Zuckerberg. On Wednesday, he launched a Twitter competitor, Threads, promptly encouraging Twitter to threaten to sue. Zuckerberg isn’t doing shareholders any favors.
The police showed up two days after a Catholic clergyman at a church near the Nicaraguan capital Managua delivered a Sunday sermon in May that included a prayer "for our priests."
Samsung Electronics' June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut.
Alphabet Inc's Google has delayed the release of a fully custom chip for its Pixel smartphones until 2025, The Information reported on Thursday, citing two people familiar with the matter.