Enterprise

In a striking development within the realm of health technology, Verily has announced the sale of its stop-loss insurance subsidiary, Granular Insurance Company, to Elevance Health. This transaction marks yet another milestone in Verily’s ongoing efforts to redefine its business strategy and focus within the competitive healthcare landscape. As a subsidiary of Alphabet Inc., Verily

As Amazon gears up to announce its fourth-quarter earnings, the market is highly anticipative of the results and the potential insights they may provide into the company’s performance, particularly during the lucrative holiday shopping season. Analysts have forecast earnings at $1.49 per share and total revenue around $187.3 billion. This report will not only reflect

In the ever-evolving landscape of ride-sharing and delivery services, Uber Technologies Inc. has again found itself grappling with the complexities of market expectations versus actual performance. Recently, the company unveiled its fourth-quarter results, showcasing both impressive revenue growth and disconcerting guidance, leading to a notable 7% decline in its shares during premarket trading. This article

Dick Kramlich, a name synonymous with venture capital in Silicon Valley, passed away at the age of 89 on a Saturday that has now become a pivotal moment in the investment community. According to his daughter, Christina Kramlich, the loss was unexpected and occurred without any prolonged illness, underscoring the suddenness of his departure. In

GoCardless, a London-based financial technology startup, has unveiled a pronounced reduction in its financial losses for the fiscal year ending June 30, 2024. By cutting its net loss to £35.1 million (approximately $43.8 million)—a significant improvement from the £78 million loss reported the previous year—the firm has demonstrated resilience amidst a tumultuous economic landscape. This

In an era characterized by fleeting digital trends, TikTok has managed to reclaim a significant portion of its user base following a momentary outage that resulted in an astounding 85% drop in usage. According to insights from Cloudflare Radar, the application has successfully restored itself to traffic levels close to pre-shutdown performance, leaving only a

Singapore is currently at the center of an intricate issue surrounding the export of advanced artificial intelligence (AI) chips, particularly in relation to the Chinese enterprise DeepSeek. The Ministry of Trade and Industry (MTI) of Singapore recently issued statements concerning the compliance with U.S. export controls, especially as they pertain to the materials used by

In a notable pivot fueled by the urgency of evolving market conditions, Google has initiated a voluntary buyout program for employees within its Platforms and Devices unit. This decision reflects a broader intention to streamline operations and optimize efficiency amid a volatile tech landscape, especially as the company intensifies its focus on artificial intelligence and

United Parcel Service (UPS) is currently navigating turbulent waters as it grapples with a significant shift in its business strategy. On a day that reverberated in the financial markets, UPS shares fell by over 15% following an announcement of weak revenue projections and a major operational pivot involving its largest customer, Amazon. This article delves

Tesla’s recent fourth-quarter earnings report arrives at a critical juncture in American politics and corporate governance, coinciding with President Donald Trump’s inauguration for a second term. Elon Musk, the CEO of Tesla, is not just a figure in the world of electric vehicles; he has recently embraced a high-profile role within Trump’s Department of Government