Today's Top Gadgets & Tech Story

Tesla promises return to profit in third quarter after large loss, may raise more capital

(Reuters) - Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the United States. Read More

 

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Facebook beats profit estimates, sets aside $3 billion for privacy penalty

(Reuters) - Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe. More »

 

Microsoft gets a boost from Windows as cloud stays on track

(Reuters) - Microsoft Corp beat Wall Street estimates for quarterly profit and revenue on Wednesday, powered by a surprise boost in Windows revenue and as growth in its cloud business stayed on track. More »

 

AT&T misses revenue estimates as pay-TV subscribers bleed away

(Reuters) - AT&T Inc's first-quarter revenue fell short of Wall Street estimates on Wednesday after it lost subscribers in nearly all of its main businesses except wireless, where it paid heavily to gain customers through price promotions. More »

 

Exclusive: Behind Airbnb's bet on show business to hook travelers

SAN FRANCISCO (Reuters) - Hollywood has a new suitor in Silicon Valley. More »

 

Twitter not amused by long wait for Tesla earnings

SAN FRANCISCO (Reuters) - Twitter was ablaze on Wednesday with humorous commentary and speculation over why Tesla Inc's first-quarter earnings release was so late. As of 5:05 p.m. ET (2105 GMT), one hour after the market close, the results still had not been released. More »

 

Britain to allow Huawei restricted access to 5G network

GLASGOW, Scotland (Reuters) - Britain will allow Huawei Technologies a restricted role in building parts of its 5G network, seeking a middle way in a bitter dispute between the United States and China over the next generation of communications technology. More »

 

Tesla's Musk says considering building factory in Germany

(Reuters) - Tesla Inc Chief Executive Officer Elon Musk said on Wednesday he was considering building a factory in Germany, responding to a user's suggestion on Twitter. More »

 

Explainer: Securing the 5G future - what's the issue?

(Reuters) - Britain's plan to allow Chinese telecom giant Huawei Technologies a restricted role in its next generation mobile networks is part of a heated international debate over the security risks so-called 5G technology presents. More »

 

Ford Motor to put $500 million into electric vehicle startup Rivian

(Reuters) - Ford Motor Co said on Wednesday it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley's Tesla Inc. More »

 

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