ROKU INC
Roku unveils new Ad-Free streaming service for just $2.99: Here's what you can watch on Howdy
Roku, widely recognized for its streaming devices, smart TVs, and its free content platform, The Roku Channel, is now strategically positioning itself to carve out a distinct niche within the expanding digital entertainment ecosystem.
Google to bring Gemini AI to TV sets running its software
At the CES technology conference on Monday, the company previewed upgraded Google TV software that adds more natural voice commands, improved content search and deeper YouTube integration.
HPS, Oaktree among firms pitching deals for trapped SVB deposits
Hedge funds are offering to buy the deposits of startups at discounts of between 60 cents to 75 cents on the dollar. Others are offering liquidity to private equity and venture capital firms whose portfolio companies are unable to access cash at SVB at around 80 cents on the dollar in exchange for a guarantee from the fund that owns the companies, according to one of the people.
Silicon Valley Bank's stranded deposits spread the pain from Tech Valley to Napa Valley
Silicon Valley Bank, once a darling of the California financial system, fell swiftly on Friday, a day after investors and depositors tried to make $42 billion in withdrawals. Roku Inc., LendingClub Corp. and Eiger BioPharmaceuticals Inc. were among dozens of companies that revealed they have deposits stuck at the bank.
Roku says $487 million held in deposits with Silicon Valley Bank
Roku in a regulatory filing also said its deposits with SVB were largely uninsured, sending its shares down 10% in extended trading.
US stock market: Wall Street ends down sharply as data fuels rate-hike worries
Thursday's economic data and other reports this week paint a picture of still-stubborn inflation and an economy that remains relatively strong in the face of the Fed's rate hike campaign.
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Wall Street slides as inflation, jobless claims data fuel rate-hike angst
At 10:09 a.m. ET, the Dow Jones Industrial Average was down 383.90 points, or 1.12%, at 33,744.15, the S&P 500 was down 46.70 points, or 1.13%, at 4,100.90, and the Nasdaq Composite was down 136.01 points, or 1.13%, at 11,934.59
Wall St falls on mixed economic data, Fed official's hawkish view
At 10:07 am ET, the Dow Jones Industrial Average was down 265.98 points, or 0.79%, at 33,287.85, the S&P 500 was down 45.82 points, or 1.16%, at 3,912.97, and the Nasdaq Composite was down 140.01 points, or 1.25%, at 11,043.65
US stocks close lower on Fed rate hike worry
While traders are roughly evenly split between the odds of a 50 basis-point and 75 basis-point rate hike in December, the peak Fed funds rate is seen climbing to at least 5%, compared with a prior view of 4.50%-4.75% rise.
Meta, Alphabet, Pinterest shares shudder on Snap warning
Last trading at about $8 a share, Snap's stock has now fallen 90% from its record high close in September 2021. Snap debuted on the stock market in a hotly anticipated initial public offer in 2017 that priced its stock at $17.
YouTube plans to launch streaming video service: report
The company has renewed talks with entertainment companies about participating in the platform, which it is referring to internally as a "channel store", the report said, citing people close to the recent discussions.
Netflix soothes Wall Street concerns with customer growth forecast
"Our excitement is tempered," Chief Executive Reed Hastings said in a post-earnings interview posted on YouTube, given that Netflix still lost subscribers. "But looking forward, streaming is working everywhere. ... We're very bullish on streaming."
Social media stocks sink to erase $135 billion on Snap warning
The selloff erased almost $16 billion in market value, and added to declines for peers including Facebook-owner Meta Platforms Inc., Google-owner Alphabet Inc., Twitter Inc. and Pinterest Inc.
Nasdaq drops as Netflix subscriber numbers weigh on tech stocks
The Dow Jones Industrial Average rose 249.59 points, or 0.71%, to 35,160.79, the S&P 500 lost 2.76 points, or 0.06%, to 4,459.45 and the Nasdaq Composite dropped 166.59 points, or 1.22%, to 13,453.07.
Gloomy Netflix forecast erases much of stock's pandemic gains
The world's largest streaming service projected it would add 2.5 million customers from January through March, less than half of the 5.9 million analysts had forecast, according to Refinitiv IBES data.
Gloomy Netflix forecast erases much of stock's pandemic gains
Netflix last week raised prices in its biggest market, the United States and Canada, where analysts say growth is stagnating, and is now looking for growth overseas.
Google's YouTube TV reaches deal to restore access to Disney channels
YouTube warned last week that it would only renew its agreement with Disney if the company offered "equitable terms" and announced that it was cutting the monthly price for YouTube TV by $15, from $64.99 to $49.99.
S&P hits record, Nasdaq jumps 1% as weak jobs data eases Fed tapering worries
The Labor Department's closely watched employment report showed U.S. employers hired far fewer workers than expected in April, with nonfarm payrolls increasing by only 266,000 jobs last month after rising by 770,000 in March.
S&P hits record, Nasdaq jumps 1% as weak jobs data eases Fed tapering worries
Economists polled by Reuters had forecast payrolls advancing by nearly 1 million jobs. Data also showed unemployment rate rose to 6.1% in April from 6.0% in March.
Dow Jones dips after solid start to March
The technology sector weighed the most on the benchmark S&P 500. Healthcare, materials and energy stocks extended gains from the previous session.
Roku buys video-streaming app Quibi's content library
Roku is pushing aggressively into content with its own app, Roku Channel, that offers films and shows produced by other companies.
Netflix’s Reed Hastings collects $225 million in stock sale
Hastings has collected enough cash in 2020 to produce all four seasons of “The Crown,” all six seasons of “Peaky Blinders” or the equivalent of about 4.7 million annual Netflix subscriptions.
Apple TV+ to be available on Google Chromecast next year
Last year, Apple made the TV app available on Amazon's Fire TV devices.
Will it cost Apple for not having made an Android version of the TV app?
Android from Google powers about 85 per cent of the latest smartphones.
Move over, iPhone: Will Apple's foray into video-streaming be a game changer for tech giant?
Apple will hold the event on March 25.
Apple co-founder Wozniak really wants a folding iPhone
Wozniak is optimistic about Apple’s future, with the company branching out in a range of projects outside of its core iPhones market.
US stocks maintain losses as dollar gains after Fed policy outcome
Investors had largely anticipated that the Fed wouldn’t change interest rates.
Here's why it's not easy to start a gadget company
It brought a renaissance of consumer hardware startups, and thousands of great consumer hardware ideas bloomed. But it turns out it's not easy to make it as a standalone company based on gadgets rather than software.
Chromecast: Google's latest gadget to offer Internet on TV
The Chromecast device connects with smartphones, tablets and personal computers to beam Internet connect to TVs. The Apple and Roku streaming boxes rely on a standard remote control to select Internet content.
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