Fitbit posts smaller loss on strong smartwatch sales

Wearable device maker Fitbit Inc on Wednesday reported a smaller-than-expected quarterly loss on higher sales for new smartwatches such as Versa and Ionic, sending its shares up 3.4 percent.

more..

T-Mobile beats quarterly estimates for new wireless subscribers

T-Mobile US Inc on Wednesday said it added more wireless subscribers than Wall Street had expected, as the third-largest U.S. wireless carrier gained customers, helped by its lower prices.

more..

Apple's ride to $1 trillion: The magic number that gets it there

Apple Inc updated its latest share count on Wednesday, putting the magic stock price at $207.04 that would make the iPhone maker the first publicly listed U.S. company valued at $1 trillion.

more..

Tesla plans to build up to 55,000 Model 3s, profitably, in third quarter

Tesla said it would build up to 55,000 Model 3s in the current quarter at a positive gross margin, buoying hopes that the electric vehicle maker led by Elon Musk will meet its goal of profitability and positive cash flow in 2018, as it strives to recover from manufacturing challenges.

more..

U.S. charges three Ukrainians in payment card hacking spree

Three Ukrainians have been arrested on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies that cost businesses tens of millions of dollars, the U.S. Justice Department said on Wednesday.

more..

Zynga expects stronger bookings as 'Merge Dragons' provides boost

Game developer Zynga Inc on Wednesday forecast third-quarter bookings ahead of Wall Street estimates, driven by revenue from "Merge Dragons" and other newly acquired smartphone games.

more..

DraftKings launches mobile sports betting in New Jersey

Fantasy sports provider DraftKings Inc on Wednesday became the first company to roll out mobile sports betting in New Jersey, an important milestone as legal sports wagers slowly spread through the United States.

more..

Reddit says user data between 2005 and 2007 breached

Social media network Reddit said on Wednesday a hacker broke into a few of its systems and accessed some user data, including current email addresses and a 2007 database backup containing old encrypted passwords.

more..

Scolding from Chinese state media dampens Apple's earnings cheer

Apple Inc may have just notched up its fourth straight quarter of double-digit revenue growth in China, but among some Chinese consumers the glow was overshadowed by Chinese state media’s tirade of criticism against the smartphone giant.

more..

Siemens lifts profit goals under new Vision 2020+ strategy

Siemens unveiled its new Vision 2020+ strategy on Wednesday - a move designed to boost the German engineering group's profitability in an era where sprawling conglomerates are increasingly unloved by investors.

more..

Three hackers arrested in Europe in connection with tens of millions of dollars in losses

Three people associated with the hacking group FIN7, also known as Carbanak, have been arrested in Europe and are in custody, the United States said in a court filing.

more..

Apple nears $1 trillion as bright forecast highlights future demand

Shares of Apple Inc touched the $200 mark for the first time and neared a $1 trillion valuation on Wednesday, after the company forecast blowout current-quarter sales and analysts said a September launch of new iPhones set the stage for sustained growth.

more..

Tesla second-quarter report could be an $850 million boon or bane for short-sellers

Tesla Inc - the most heavily shorted U.S. company - is set to report quarterly results on Wednesday, and short-sellers could be dealt a nearly $850 million loss or gain, depending on the direction of the post-earnings stock move.

more..

WhatsApp to start charging business users

Facebook Inc's WhatsApp messenger service will start charging businesses for sending marketing and customer service messages, it said on Wednesday, as the social network company's flagship brand faces slowing usage and revenue growth.

more..

Bank while you chat on WhatsApp with South Africa's Absa

South Africa's Absa Group on Wednesday officially launched Whatsapp banking, in its latest push to become a digitally-led African bank, with more than 10,000 customers already registered to date since early July.

more..

Auto suppliers retool to chase electric vehicle bonanza

In what seems to be a magic trick, Dele Fayemi runs a batch of batteries in a beaker of boiling water - a physical impossibility that should cause a short circuit.

more..

Samsung borrows from Chinese playbook in battle for India's smartphone market

Sometimes keeping ahead of the game means learning some tricks from rivals - a strategy Samsung Electronics Co Ltd hasn't been too proud to adopt in India where Xiaomi Corp and other Chinese brands have made hefty inroads.

more..

Huawei overtakes Apple as world No. 2 smartphone seller, gains ground in China

China's Huawei Technologies overtook Apple Inc to become the world's second-biggest smartphone seller in the June quarter, data from market research firms showed, as it gained ground in Europe and expanded its lead back home.

more..

Southeast Asia's Grab to announce fresh $1 billion funding: source

Southeast Asian ride-hailing company Grab is set to announce that it has secured new investment of $1 billion that will help it grow its payments business, a source familiar with the matter said.

more..

China to probe e-commerce firm Pinduoduo over reports of fake goods

Chinese regulators are investigating Pinduoduo Inc after media reports of third-party vendors selling counterfeit goods on its group-discounting marketplace, a move analysts said is likely to further batter the firm's newly listed shares.

more..

Source: Reuters