Kylie Jenner, the reality-show celebrity who is the most-followed woman on Instagram, reposted a critique of the app’s redesign that asked it to “stop trying to be TikTok.” “PLEASEEEEEEE,” Jenner commented. Soon after, her famous sister and co-star Kim Kardashian weighed in, sharing the same post with a “PRETTY PLEASE” comment.
Faraday Future Intelligent Electric Inc. is pushing back the start of production and deliveries of its long-awaited debut vehicle to the “third or fourth quarter of 2022,” and says it needs additional capital to pull off the launch. The Los Angeles-based electric vehicle startup, which went public in a July 2021 merger with a blank-check […]
A rare piece of history from Apple Inc.’s storied early days in Silicon Valley will go to the highest bidder. Steve Jobs’s Apple-1 Computer prototype is being auctioned by Boston-based RR Auction, with current bids at $278,005. Bidding ends on Aug. 18. RR Auction sold the Apple-1 computer in September 2018 for $375,000.
NXP Semiconductors NV, the second-biggest supplier of chips to the automotive industry, gave a strong forecast for the current quarter driven by demand for components used in cars. Third-quarter revenue will be $3.35 billion to $3.5 billion, NXP said Monday in a statement. That compares with an average analyst estimate of $3.32 billion. Gross margin, […]
Whirlpool Corp. cut its full-year earnings forecast less than feared, sending shares up in late trading. The KitchenAid owner now expects ongoing earnings per share, excluding some items, to be between $22 and $24 for the current year, which is $2 lower than the previous range. Analysts had forecast $23.91 for the year, according to […]
Meta Platforms Inc. is considering whether to acquire AdHawk Microsystems Inc., a Canadian developer of eye-tracking technology for augmented and virtual reality headsets, according to people familiar with the matter. AdHawk has been working with investment bank Moelis & Co. as it fields interest from Meta and other suitors, said the people, who asked not […]
Snap Inc. finds itself increasingly abandoned by Wall Street, with more than a dozen brokerages downgrading the social media company’s stock in the wake of disappointing sales figures that sent shares into a tailspin. At least 14 brokerages and investment banks including Evercore ISI, KeyBanc and Oppenheimer, downgraded their recommendations and price targets since late […]