META CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella. Getty Images Shares of Meta soared 12% and Microsoft popped 5% on Thursday, after the companies reported better-than-expected earnings that beat on top and bottom lines. Microsoft topped the $4 trillion market cap benchmark with the move, joining Nvidia in the club. Both Meta and
The Iconfactory, once a leading app design and development company known for apps like Twitterrific, is now selling parts of its app catalog, signaling a broader shift in the creative technology landscape. The company attributes this strategic move to the economic pressure caused by the rapid rise of artificial intelligence, which has disrupted traditional models
Hong Kong police have arrested 82 people in a citywide anti-triad operation, breaking up a syndicate that laundered nearly HK$40 billion (US$5.1 billion) and seizing over HK$15 million worth of assets, including a giant Labubu doll estimated to cost HK$1 million. The force said on Wednesday that officers raided multiple locations across the city during
Nebius is scheduled to report second-quarter earnings on Aug. 7. Throughout 2025, a number of data center stocks have emerged beyond the incumbent players such as Nvidia and Advanced Micro Devices. One company that’s witnessed a significant rise in popularity is neocloud provider Nebius Group (NBIS 5.78%). Nebius is scheduled to report earnings for the
Figma celebrates its Initial Public Offering at the New York Stock Exchange on July 31, 2025. NYSE Figma‘s stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO. The big opening pop is the latest indication that the
The company’s net profit rose 34 per cent year on year to 16.5 billion yuan (US$2.3 billion) in the three months to June, beating market estimates. That was up from a 32.9 per cent increase in the March quarter. Second-quarter revenue grew 8.3 per cent to 94.2 billion yuan, following a 6.2 per cent gain
Official says ‘contingency plan had flaws’ as torrential rains, floods kill 31 people at senior centre near Beijing. Torrential rains and flooding across northern China have killed dozens of people, authorities say, including more than 30 elderly residents who were trapped at a care facility in a suburb of the capital Beijing. Officials said on
