Netflix rose 11% after third-quarter earnings beat

Netflix co-founder Reed Hastings attends a red carpet for the Netflix launch at Palazzo Del Ghiaccio on October 22, 2015 in Milan, Italy. Jacopo Raule | Getty Images Netflix shares closed up 11% on Friday after the media streaming giant reported third-quarter earnings and revenue that beat expectations. The company on Thursday reported earnings per share of $5.40 for…

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Intel seeks billions for minority stake in Altera business, sources say

Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel is looking to sell at least a minority stake in its Altera unit in a…

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Trump crypto project allows ex-president’s family to make 75% of revenue

Donald Trump’s crypto project, World Liberty Financial, published a 13-page document Thursday that described its mission and how tokens can be allocated, and that indicated that the Republican presidential nominee and his family could take home 75% of net revenue. In what it calls the “World Liberty Gold Paper,” World Liberty Financial, or WLF, said the Trump family will…

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Lucid stock tumbles following public offering to raise $1.67 billion

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom on May 24, 2024 in San Francisco, California.  Justin Sullivan | Getty Images Shares of Lucid Group were under pressure Thursday after the electric vehicle maker announced a public offering of nearly 262.5 million shares of its common stock. The late Wednesday announcement was made…

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The race for next-gen EV batteries may soon pivot to semi-solid-state

Car batteries at a factory in Nanjing in China’s eastern Jiangsu province. Str | Afp | Getty Images PARIS, France — The push to commercialize solid-state batteries for electric vehicles (EVs) is well underway, but analysts say auto giants could be on the cusp of turning to a different kind of transformative science. Solid-state batteries have long been billed…

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