Twilio raises annual revenue growth forecast on AI-driven demand, shares jump
April 30 : Twilio raised its full-year forecast on Thursday and posted stronger-than-expected first-quarter results, signaling sustained demand for its cloud communications tools as companies invest in customer engagement and AI-driven services.The company's shares surged 18 per cent in extende ...
Meta CEO Zuckerberg blames layoffs on capital spending, won't rule out more job cuts
NEW YORK, April 30 : Meta Chief Executive Mark Zuckerberg attributed the Facebook parent's planned layoffs to increased capital spending for AI, and declined to rule out further job cuts, in comments to employees at a company town hall on Thursday.“We basically have two major cost centers in ...
Meta CEO attributes layoffs plan to capex, won't rule out further job cuts
NEW YORK, April 30 : Meta's Chief Executive Mark Zuckerberg attributed the company's plan for layoffs to increased capital expenditures and declined to rule out further cuts, in comments delivered to employees at an internal company town hall on Thursday.“We basically have two major cost ...
Atlassian lifts annual revenue forecast as AI features, enterprise sales boost growth
April 30 : Atlassian raised its annual revenue forecast on Thursday, banking on AI-driven features and a push into the enterprise segment to sustain growth amid tighter spending on collaboration tools.Shares of the company, which also beat Wall Street estimates for quarterly sales, rose more than 18 ...
Roku raises annual platform revenue forecast, shares climb
April 30 - Roku raised its annual platform revenue forecast on Thursday, signaling confidence that advertisers will continue to spend on its streaming platform, sending its shares up 10 per cent in extended trading. Roku is benefiting from the rise of streaming media, as more households make connect ...
Roku raises annual platform revenue forecast
April 30 - Roku raised its annual platform revenue forecast on Thursday, signaling confidence that advertisers will continue to spend on its streaming platform.The company now sees 2026 platform revenue growing 21 per cent to $5 billion, compared with its prior projection of $4.89 billion.
Reddit expects revenue above estimates as AI tools fuel ad growth
April 30 : Reddit forecast second-quarter revenue above analysts' estimates on Thursday betting on its AI-powered tools to boost advertising on the platform.Shares of the company rose around 3 per cent in volatile extended trading. They have fallen around 35 per cent so far this year.The social ...
US adds Vietnam and EU, removes Argentina, Mexico from trade investigation watchlists
WASHINGTON, April 30 : The U.S. Trade Represenatative's office added the European Union to its "Section 301" unfair trade practices watchlist on Thursday and removed Argentina and Mexico from its priority watchlist, citing improvements by those countries on intellectual property right ...
BREAKINGVIEWS-Meta's fall shows punters crave clearer AI payoff
NEW YORK, April 30 (Reuters Breakingviews) - Shares fell 10 per cent despite strong revenue growth and signs technology is boosting ad sales. The issue is funding: unlike Alphabet, Amazon or Microsoft, there’s no cloud arm to cushion infrastructure spending. A rapidly rising bet with an unclear, s ...
Apple says India antitrust body overstepping judicial authority as spat intensifies
NEW DELHI, April 30 : Apple has accused India's competition body of exceeding its powers by pushing the U.S. tech company to submit its financials in an antitrust case related to the iPhone apps market, while Apple challenges the law governing penalties, documents show. An April 24 non-public I ...
Blue Owl sold about half its SpaceX holding at $1.25 trillion valuation, co-CEO says
NEW YORK, April 30 : Blue Owl sold about half its investment in SpaceX at a $1.25 trillion valuation, the alternative asset manager's co-CEO Marc Lipschultz said on Thursday."Specifically at SpaceX... we made about 10 (times) our money on that investment," Lipschultz said on a confere ...
Google Cloud pulls ahead as Big Tech’s AI bet swells to US$700 billion
The company’s 63% revenue surge, its best growth yet, is far above estimates of 50.1%
Meta shares plummet near 10% after earnings, Google skyrockets
NEW YORK: Meta shares tumbled nearly 10 per cent at the opening on Thursday (Apr 30) on Wall Street, while Google-parent Alphabet surged more than 6 per cent.The fluctuations came a day after the tech rivals reported quarterly earnings and showed starkly different investor reactions for their costly ...
Nexperia says it is not trying to harm Wingtech shareholders
AMSTERDAM, April 30 : Dutch computer chip maker Nexperia BV said on Thursday it is not seeking to harm its Chinese parent firm Wingtech , following the publication of Wingtech's 2025 annual accounts that showed the financial toll an ongoing dispute between the firms is taking.Wingtech's an ...
Irregular payments occurred during former group financial controller’s stint: Vin’s Holdings
Benicia Tan - The automotive group is probing transactions made with an entity controlled by a former key executive officer
Italy's media regulator asks EU to investigate Google AI search tools over publisher concerns
ROME, April 30 : Italy's communications watchdog AGCOM has asked the European Commission to investigate Google's AI-powered search features over concerns they may harm news publishers and undermine media pluralism, it said on Thursday.AGCOM, acting in its role as Italy's Digital Servi ...
PLife REIT’s distributable income in 1Q2026 rises 15.1% y-o-y despite revenue and NPI decline
The Edge Singapore - ParkwayLife REIT's (PLife REIT) gross revenue in 1QFY2026 for the three months to Mar 31 declined by 2.1% y-o-y to $38.2 million mainly due to JPY FX depreciation and lower rental income from the Japan portfolio due to tenant exit affecting five Japan nursing home properties, partially offset b ...
Cybersecurity firm Check Point Software first-quarter profit beats estimates, cuts 2026 revenue outlook
TEL AVIV, April 30 : Check Point Software Technologies reported a higher than expected 13 per cent rise in quarterly profit, boosted by double-digit revenue growth in subscriptions that protect and prevent corporate networks from cyber threats.The Israel-based company, however, trimmed its 2026 reve ...
Over 40% of UK firms suffered cyber attack last year, survey finds
LONDON, April 30 : More than two-fifths of British businesses suffered a cyber breach or attack in the past 12 months, the same figure as for the previous year, according to a government survey published on Thursday.Approximately 612,000 businesses reported at least one cyber breach or attack in 202 ...
S&P 500, Nasdaq open higher as earnings optimism overshadows Middle East woes
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Thursday (Apr 30) as investors drew comfort from strong earnings, even...
Bank of England holds rates as officials consider hikes ahead
The Monetary Policy Committee (MPC) voted 8-1 in favour of leaving the benchmark rate at 3.75%
France opens formal probe into teenage suspect in massive ID data breach
PARIS, April 30 : The Paris prosecutor's office has opened an investigation into a 15-year-old, suspected of having hacked the country's ID agency and trying to sell the data of millions of French people on the dark web this month, it said on Thursday.The teenager, whose identity was not r ...
Meta raises $25 billion in bond sale after lifting AI spending plan
April 30 : Meta Platforms sold investment-grade bonds worth $25 billion in six portions, according to a regulatory filing on Thursday, as the social media giant ramps up investments in artificial intelligence infrastructure.The news follows a $30 billion bond sale last year that was Meta's bigg ...
Meta looks to raise up to $25 billion with bond sale, Bloomberg News reports
April 30 : Meta Platforms is looking to sell between $20 billion and $25 billion of investment-grade bonds, Bloomberg News reported on Thursday, citing people with knowledge of the transaction.The company had raised $30 billion in its biggest-ever bond offering last year, part of a recent push by Bi ...
Prada first-quarter revenue rises 3%, driven by sales in Americas region
Group earnings are 1.3 billion euros, below analysts’ consensus of 1.4 billion euros
Mastercard profit climbs on steady transaction volumes
Its net income climbed to US$3.9 billion, or US$4.35 per share
Iron Mountain raises annual forecasts on AI-fueled data center boom
April 30 : Iron Mountain raised its annual forecast on Thursday, as companies increasingly rely on its data centers to meet growing demand for artificial intelligence capabilities.Demand for computing power needed to train AI models and run applications such as ChatGPT has driven a data center boom, ...
US company aims to resurrect bluebuck antelope that was hunted to extinction
WASHINGTON, April 30 : The bluebuck, an antelope with a silvery slate-blue coat and striking horns, inhabited the coastal grasslands of South Africa's southwestern Cape region until European settlers hunted it to extinction in around 1800. A U.S. company now plans to resurrect the bluebuck as p ...
L3Harris lifts 2026 profit forecast on strong weapons demand
April 30 : Defense supplier L3Harris Technologies lifted its 2026 profit forecast after beating first-quarter revenue estimates on Thursday, as it banks on strong demand from the Pentagon for its weapons and military intelligence systems. A series of conflicts, including the U.S.-Israel war on Iran, ...
Instant View: Japan's yen surges, as Tokyo issues strong intervention warning
LONDON, April 30 : The Japanese yen surged on Thursday, following stark warnings from Tokyo officials, including the finance minister, that intervention to prop up the currency could be imminent.Dollar/yen was last trading at 156.56, down more than 2 per cent on the day in an eye-popping move that h ...
Prices of Nvidia’s B300 server at 7 million yuan in China on US curbs: sources
This is due to a crackdown on chip smuggling which has dried up black-market supply
SingLand AGM: Marina Square plans to be announced in June, board looking at value-up options
The Edge Singapore - Singapore Land Group’s (SingLand) AGM on Apr 30 was uneventful with just two shareholders asking questions to the board. One shareholder asked whether the management is still looking at establishing a REIT to monetise some of its assets. SingLand’s chairman, Wee Ee Lim said a listed REIT is a ma ...
Parkway Life Reit Q1 DPU up 15.1% at S$0.0442 on higher Singapore hospital rents
Shikhar Gupta - Revenue falls 2.1% to S$38.2 million, dragging net property income down 2.7% to S$35.8 million
Japan yen surges 2%; officials issue strongest intervention warning yet
LONDON, April 30 : The Japanese yen surged on Thursday, following stark warnings from Tokyo officials, including the finance minister, that intervention to prop up the currency could be imminent.The dollar dropped 2.1 per cent to 156.985 yen at 1106 GMT, as the Japanese currency strengthened sharply ...
