In a stunning display of growth, Upstart—a company leveraging artificial intelligence to streamline online lending—experienced an astonishing 46% surge in its stock price last Friday. This significant leap represents its most substantial single-day increase in over three years. The catalyst for this rally? An impressive third-quarter revenue report that revealed a 20% increase, landing at
Enterprise
In a recent surge of scrutiny from the National Highway Traffic Safety Administration (NHTSA), Tesla has come under fire for allegedly promoting its vehicles as more autonomous than they truly are. The concern revolves around the company’s social media posts, particularly on X (previously Twitter), suggesting that drivers can disengage from their responsibilities while using
In the evolving landscape of financial technology, Block, previously known as Square, announced its third-quarter earnings recently, revealing a mixed bag of results that sent ripples through Wall Street. Reporting numbers that fell short of analyst expectations, the company’s strong push for profitability and strategic shifts sparked important discussions among investors and analysts alike. Unexpected
In the fast-paced world of fintech, few companies have garnered as much attention as Adyen, the Dutch payments giant known for its seamless transaction technologies. However, recent financial reports have sparked a downturn in investor confidence, particularly as the company disclosed significant slowdowns in transaction volumes. This article delves into the current landscape surrounding Adyen’s
In a compelling update released Wednesday, the British digital payments company Wise reported a remarkable 55% increase in profits during the first half of its fiscal year 2025. This growth can be attributed to a notable rise in customer numbers and an expansion of market share that solidifies Wise’s position in the competitive digital finance
In the lead-up to the U.S. elections, a significant tension has emerged at Google regarding the limits of political expression among employees. According to reports, the tech giant has actively taken steps to moderate and remove election-related discussions from its internal platforms, particularly the Memegen forum. This initiative raises important questions about the extent to
In a noteworthy industry shift, Caitlin “CK” Kalinowski, the former head of Meta’s Orion project focusing on augmented reality glasses, has recently transitioned to OpenAI to spearhead their robotics and consumer hardware initiatives. Her announcement on social media platforms such as LinkedIn and X signals a potent strategy by OpenAI to tap into the hardware
In a significant advancement for its Prime Air initiative, Amazon announced on Tuesday its receipt of regulatory approval from the Federal Aviation Administration (FAA) to commence flights of its latest drone model, the MK30. This drone is not merely an upgrade; it represents a pivot towards a promising future in automated delivery services. Unveiled in
On a significant day for the fintech sector, Affirm, a prominent player in the buy now, pay later (BNPL) market, has marked its inaugural foray into the international arena by launching its services in the United Kingdom. Founded in 2012 in Silicon Valley, Affirm has transformed the way consumers manage payments for their purchases. Traditionally
Amazon’s recent financial disclosure revealed a stronger-than-expected performance during the third quarter, resulting in a notable 6% increase in its stock price. This significant upswing in share value is indicative of investor confidence, as the company showcased earnings driven primarily by its cloud computing and advertising sectors. Over the year, Amazon’s stock has realized an