KUALA LUMPUR, Aug. 25 -- Inside the sprawling digital storefront of Chinese e-commerce titan Pinduoduo, Shaun Kong routinely finds exactly what he didn't know he was looking for. A few taps on his sm... Read More
REDMOND, Aug. 25 -- Microsoft reported that its earnings per share grew 32 per cent last year. It also reported that they grew 22 per cent. Both numbers are in the same document, both are correct, and... Read More
SEATTLE, Aug. 25 -- Amazon now spends more money on property and equipment than its entire business generates in cash. The company publishes that fact itself, in a small reconciliation table near the ... Read More
MENLO PARK, Aug. 25 -- Somewhere in the cash line of Meta's latest quarterly filing sits $10.80 billion the company can no longer spend. It was ordinary money market funds at the start of the year. It... Read More
NEW YORK, Aug. 25 -- Buried in the notes of Broadcom's latest quarterly filing is a number the company did not put in a press release: $164.6 billion of orders that customers have firmly committed to,... Read More
NEW YORK, Aug. 25 -- AMD has issued warrants over 320 million of its own shares to two customers, at an exercise price of one cent each. The company had 1.63 billion shares outstanding at the start of... Read More
WASHINGTON, Aug. 25 -- Scott Bessent descended on a podium in Washington on Monday with a phrase intended to sound like finality. "Economic D-Day," the US Treasury Secretary called it. He announced wh... Read More
HONG KONG, Aug. 25 -- Whoever owned Alibaba on Friday afternoon is paying for its artificial intelligence build, and on Monday morning Hong Kong told them what it cost. The company priced 710 million... Read More
DENVER, Aug. 25 -- Palantir Technologies paid $15.4 million of income tax in the three months to June 30. It earned $1.08 billion before tax over the same period. The rate works out at 1.4 per cent, a... Read More
REDMOND, Aug. 25 -- The question every hyperscaler has been asked this year is what the capital spending returns. Microsoft has an unusually specific answer: $678 billion of contracted revenue it has ... Read More