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EBay Spurns GameStop’s Bid as ‘Neither Credible nor Attractive’
EBay’s board turned down the offer after taking into account “uncertainty” around the financing plan, the operational risks involved and GameStop’s governance, Chairman Paul Pressler said in a letter addressed to Cohen. Pressler also cited GameStop’s executive incentives and a takeover’s potential impact on eBay’s long-term growth.
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Nvidia Bets Big on Intel With $5 Billion Stake and Chip Partnership
Nvidia is investing $5 billion in chipmaker Intel to acquire roughly four percent stake in the struggling company. Nvidia's support represents a new opening for Intel after years of turnaround efforts at the famed US manufacturer failed to pay off, and it sent shares soaring 30 percent in premarket action.
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Urban Company's Shares Soar In Debut After Year's Most Popular IPO
Urban Co. shares soared in premarket trading during its Mumbai debut after the company wrapped up India's most oversubscribed major initial public offering this year.
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Boeing Shares Fall After Plane Crashes In Ahmedabad
Shares of planemaker Boeing slid in premarket U.S. trading on Thursday after an Air India aircraft with more than 200 people crashed near the airport in India's western city of Ahmedabad.
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"We Are Very Sorry...": Grand Theft Auto VI Delayed To 2026
Take-Two Interactive on Friday pushed the release of "Grand Theft Auto VI" to May 26, 2026, extending the wait for one of the most hotly anticipated titles in video-gaming history and sending its shares tumbling 9% in premarket trading.
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Intel to Announce Plans This Week to Cut Over 20 Percent of Staff
Intel is poised to announce plans this week to cut more than 20 percent of its staff. The cutbacks follow an effort last year to slash about 15,000 jobs — a round of layoffs announced in August.
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Trump Media Shares Climb After Biden's Shaky Debate Showing Against Trump
Shares of Trump Media & Technology Group rose as much as nearly 13% in premarket trading on Friday after President Joe Biden's faltering performance against Republican rival Donald Trump at the first 2024 U.S. presidential debate.
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Samsung Galaxy S26 Ultra Tipped to Offer ‘More Secure’ PolarID to Compete With Apple's Face ID
Samsung Galaxy S26 Ultra is tipped to bring a new facial recognition technology when it launches, according to claims by a tipster. It is suggested that Samsung may be developing a new facial recognition technology called PolarID. As per the claims, the technology has reached the premarket stage, meaning it could be ready to be shipped with smartph...
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Nvidia Close to Becoming First Trillion-Dollar Chip Firm as AI Boom Drives Stellar Forecast
Nvidia shares extended their rally this year on Thursday, soaring 25 percent after a stellar forecast showed that Wall Street has yet to price in the AI potential of the company that has already doubled in value in 2023.
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Meta Sells Giphy to Shutterstock for $53 Million to Comply With UK Regulator Order
Shutterstock said on Tuesday it would buy animated-images platform Giphy from Meta Platforms for $53 million (roughly Rs. 438 crore) in cash, months after the Facebook owner had agreed to divest the company on competition concerns.
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Samsung Not Planning to Replace Default Search Engine From Google to Microsoft's Bing Any Time Soon: Report
Samsung Electronics will not change the default search engine on its smartphones from Google to Microsoft's Bing any time soon, a report said on Friday, citing people familiar with the matter. Shares of Google-parent Alphabet gained more than 1 percent in premarket trading. Microsoft shares were down about 1 percent.
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Alphabet Shares Fall 4 Percent as Samsung Mulls Replacing Google With Bing as Default Search on Its Devices
Alphabet shares fell over 4 percent in premarket trading on Monday after a report that South Korea's Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices.
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Crypto Lender Silvergate's Shares Slumps 29 Percent as Firm Delays Annual Report in Wake of FTX Fallout
Shares of cryptocurrency lender Silvergate Capital slumped 20 percent in premarket trading on Thursday, after the firm warned it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
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Disney's New CEO May Have to Cut Costs to Restore Profits as Streaming Loses Money
Bob Iger must show Wall Street a new side to his character as he returns to lead Walt Disney by cutting costs and restoring profits in just two years after splurging cash on acquisitions and a streaming business last time round. The entertainment giant shocked investors late on Sunday evening announcing the ouster of Chief Executive Bob Chapek and ...
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Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China
Alibaba Thursday beat expectations for fourth-quarter revenue due to growing demand for some of its niche online shopping services in China as the country faces COVID-19 lockdown. The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.
-
EBay Spurns GameStop’s Bid as ‘Neither Credible nor Attractive’
EBay’s board turned down the offer after taking into account “uncertainty” around the financing plan, the operational risks involved and GameStop’s governance, Chairman Paul Pressler said in a letter addressed to Cohen. Pressler also cited GameStop’s executive incentives and a takeover’s potential impact on eBay’s long-term growth.
-
Nvidia Bets Big on Intel With $5 Billion Stake and Chip Partnership
Nvidia is investing $5 billion in chipmaker Intel to acquire roughly four percent stake in the struggling company. Nvidia's support represents a new opening for Intel after years of turnaround efforts at the famed US manufacturer failed to pay off, and it sent shares soaring 30 percent in premarket action.
-
Urban Company's Shares Soar In Debut After Year's Most Popular IPO
Urban Co. shares soared in premarket trading during its Mumbai debut after the company wrapped up India's most oversubscribed major initial public offering this year.
-
Boeing Shares Fall After Plane Crashes In Ahmedabad
Shares of planemaker Boeing slid in premarket U.S. trading on Thursday after an Air India aircraft with more than 200 people crashed near the airport in India's western city of Ahmedabad.
-
"We Are Very Sorry...": Grand Theft Auto VI Delayed To 2026
Take-Two Interactive on Friday pushed the release of "Grand Theft Auto VI" to May 26, 2026, extending the wait for one of the most hotly anticipated titles in video-gaming history and sending its shares tumbling 9% in premarket trading.
-
Intel to Announce Plans This Week to Cut Over 20 Percent of Staff
Intel is poised to announce plans this week to cut more than 20 percent of its staff. The cutbacks follow an effort last year to slash about 15,000 jobs — a round of layoffs announced in August.
-
Trump Media Shares Climb After Biden's Shaky Debate Showing Against Trump
Shares of Trump Media & Technology Group rose as much as nearly 13% in premarket trading on Friday after President Joe Biden's faltering performance against Republican rival Donald Trump at the first 2024 U.S. presidential debate.
-
Samsung Galaxy S26 Ultra Tipped to Offer ‘More Secure’ PolarID to Compete With Apple's Face ID
Samsung Galaxy S26 Ultra is tipped to bring a new facial recognition technology when it launches, according to claims by a tipster. It is suggested that Samsung may be developing a new facial recognition technology called PolarID. As per the claims, the technology has reached the premarket stage, meaning it could be ready to be shipped with smartph...
-
Nvidia Close to Becoming First Trillion-Dollar Chip Firm as AI Boom Drives Stellar Forecast
Nvidia shares extended their rally this year on Thursday, soaring 25 percent after a stellar forecast showed that Wall Street has yet to price in the AI potential of the company that has already doubled in value in 2023.
-
Meta Sells Giphy to Shutterstock for $53 Million to Comply With UK Regulator Order
Shutterstock said on Tuesday it would buy animated-images platform Giphy from Meta Platforms for $53 million (roughly Rs. 438 crore) in cash, months after the Facebook owner had agreed to divest the company on competition concerns.
-
Samsung Not Planning to Replace Default Search Engine From Google to Microsoft's Bing Any Time Soon: Report
Samsung Electronics will not change the default search engine on its smartphones from Google to Microsoft's Bing any time soon, a report said on Friday, citing people familiar with the matter. Shares of Google-parent Alphabet gained more than 1 percent in premarket trading. Microsoft shares were down about 1 percent.
-
Alphabet Shares Fall 4 Percent as Samsung Mulls Replacing Google With Bing as Default Search on Its Devices
Alphabet shares fell over 4 percent in premarket trading on Monday after a report that South Korea's Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices.
-
Crypto Lender Silvergate's Shares Slumps 29 Percent as Firm Delays Annual Report in Wake of FTX Fallout
Shares of cryptocurrency lender Silvergate Capital slumped 20 percent in premarket trading on Thursday, after the firm warned it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
-
Disney's New CEO May Have to Cut Costs to Restore Profits as Streaming Loses Money
Bob Iger must show Wall Street a new side to his character as he returns to lead Walt Disney by cutting costs and restoring profits in just two years after splurging cash on acquisitions and a streaming business last time round. The entertainment giant shocked investors late on Sunday evening announcing the ouster of Chief Executive Bob Chapek and ...
-
Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China
Alibaba Thursday beat expectations for fourth-quarter revenue due to growing demand for some of its niche online shopping services in China as the country faces COVID-19 lockdown. The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.
