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A woman holds her smart phone which displays the Google home page, in this picture illustration taken February 24, 2016. Google's vice president and general manager of ads, Jerry Dischler, acknowledged that Google earned more than $100 billion in 2020 from search ads. GOOGLE'S DEFENSE NO. GOOGLE'S DEFENSE NO. GOOGLE DEFENSE NO.

Persons: Eric Gaillard, Sundar Pichai, Kevin Murphy, Apple, Joshua Lowcock, Jerry Dischler, Eddie Cue, Bing, John Schmidtlein, Google's, Jennifer Fitzpatrick, Diane Bartz, Marguerita Choy Organizations: REUTERS, U.S, Google, Justice Department, Verizon, Samsung, University of Chicago Booth School of Business, Microsoft, UM Worldwide, Nokia, Bing, GOOGLE, Core Systems, Thomson Locations: WASHINGTON

☆ Cramer's Lightning Round: Vertex is 'excellent'
▼ + stars: | 2023-10-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Topgolf's year-to-date stock performance. Stock Chart Icon Stock chart icon Sabre's year-to-date stock performance. Stock Chart Icon Stock chart icon BlackBerry's year-to-date stock performance. Stock Chart Icon Stock chart icon Shopify's year-to-date stock performance. Stock Chart Icon Stock chart icon Kyndryl's year-to-date stock performance.

Persons: I'm, Stephanie Linnartz, you've, Martin Schroeter

☆ Lightning Round: Wait for Shopify to come down before buying more, says Jim Cramer
▼ + stars: | 2023-10-05 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Wait for Shopify to come down before buying more, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Topgolf, Sabre, BlackBerry, Under Armour, Shopify, Vertex and Kyndryl.

Persons: Jim Cramer, Armour

☆ BlackBerry to separate IoT and cybersecurity businesses, plans IPO
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike Blake/File Photo Acquire Licensing RightsOct 4 (Reuters) - Canadian technology company BlackBerry (BB.TO), said on Wednesday it would separate its Internet of Things (IoT) and cybersecurity business units and target a subsidiary initial public offering for the IoT business next fiscal year. BlackBerry joins a number of companies that have split their units in recent years, favoring a leaner corporate structure to help investors better evaluate their separate businesses. BlackBerry said in May it would consider strategic options for its portfolio of businesses that could include the possible separation of one or more of its businesses. Last year, it pulled the plug on its smartphones business and has since been trying to sell its legacy patents related to its mobile devices. IoT revenue was $49 million, while cybersecurity revenue came in at $79 million.

Persons: Mike Blake, Johnson, John Chen, BlackBerry, Savyata Mishra, Samrhitha, Shilpi Majumdar, Shinjini Organizations: REUTERS, BlackBerry, Kellogg, Healthcare, Johnson, General Electric, Reuters, Veritas Capital, Thomson Locations: Irvine , California, U.S, Canadian, Waterloo , Ontario, Bengaluru

☆ Startups are hitting a road block when selling their AI to big companies. Investors and founders explain how to get around it.
▼ + stars: | 2023-10-04 | by ( Meghan Morris | ) www.businessinsider.com time to read: +5 min

The procurement team, responsible for sourcing and pricing the services the company buys, can introduce significant barriers to enterprise startups. Sellers must navigate a thicket of data concerns and increasing price sensitivities, among other issues, with procurement teams that may have little familiarity with AI. Enterprise software deals are taking longer to close compared with last year, per a September survey from New York-based SAAS financing startup Capchase. "That's leading procurement teams to ask sellers 'what works here, tell me where I could have unanticipated outcomes?'" Nemeth said procurement teams want to be educated and help see deals through.

Persons: Samir Kumar, Kumar, Barack Obama, Obama, Reuters Kumar, Obama's, Miguel Fernandez Larrea, Fernandez Larrea, Tola, Sheila Gulati, Charles Cotugno Gulati, Rachael Nemeth, Nemeth Organizations: Microsoft, Qualcomm, Touring Capital, Companies, White House, Reuters, Enterprise, Vanderbilt University Locations: United States, New York

[1/2] The Microsoft logo is seen at the Microsoft store in New York City, July 28, 2015. REBUFFED BY APPLENadella also testified that Microsoft had sought to make its Bing search engine the default on Apple (AAPL.O) smartphones but was rebuffed. On laptops, most of which use Microsoft operating systems, Bing is the default search engine and has a market share below 20%, Nadella acknowledged. Nadella became CEO of Microsoft in 2014, long after the tech giant faced its own federal antitrust lawsuit. As Google, which was founded in 1998, became an industry leading search engine, the two became bitter rivals.

Persons: Mike Segar, Satya Nadella, Nadella, U.S . Justice Department's, APPLE Nadella, John Schmidtlein, Google's, Schmidtlein, Bing, Amit Mehta, Diane Bartz, Christina Fincher, Deepa Babington Organizations: Microsoft, REUTERS, Google, U.S . Justice, Apple, APPLE, Bing, Verizon, BlackBerry, Nokia, District of Columbia, Thomson Locations: New York City, WASHINGTON, U.S, Bing, OpenAI

☆ Insider Today: A Google loophole exposed
▼ + stars: | 2023-09-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

This post originally appeared in the Insider Today newsletter. In today's big story, we're looking at how a Google loophole brings advertisements for illegal drugs hosted on defaced government websites to the top of search results. Previously, that wasn't an issue since these web pages never appeared in Google searches because website owners restricted Google from indexing them. AdvertisementAdvertisementThe result is people using internal search functions to create webpages advertising drugs on websites viewed as trustworthy by Google. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, Jamie Dimon, Tom Brady, Kendall Jenner, Arantza Pena, Insider's Katherine Long, hasn't, Katherine, Paul Sancya, Glenn Kelman, Meta, Dwyane Wade, Victor, Jenny Chang, Rodriguez, ThredUp, Nancy Pelosi, Karlie Kloss, Spike Lee, Nattakorn, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Costco, Tech, Business, Google, Alcohol and Drug Foundation, Conference Board, JPMorgan, NBA, Amazon, Big Tech, Atlantic, ABC, Nike, Accenture Locations: Russia, Ukraine, Washington ,, New York City, San Diego, London, New York

☆ D.B. Cooper case: Eric Ulis is trying to solve the mystery behind the 1971 hijacking
▼ + stars: | 2023-09-27 | by ( Faith Karimi | ) edition.cnn.com time to read: +10 min

Cooper expert, Ulis says he was a professional blackjack player, a skill he says helps him focus on facts and avoid conspiracy theories. FBIThe tie and the found ransom money are the key pieces of physical evidence in the case, Ulis says. Larry Carr, a former FBI agent who worked on Cooper’s case, tells CNN he doesn’t believe the FBI took the spindle apart to process it. Cooper manhunt (2011) 01:44 - Source: KARECarr, the former FBI agent, lists several reasons why he believes Cooper didn’t survive the jump. Carr said the Cooper case is one of the most popular cases he worked on and he still thinks about it today.

Persons: Eric Ulis, Cooper, he’s, James Bond, ” Ulis, “, ”, Ulis, Dan Cooper, –, Dan, everybody’s, D.B, He’s, familiarized, It’s, “ It’s, ” He’s, minutia, let’s, CNN’s, Larry Carr, doesn’t, Carr, “ That’s, criminologists, Richard McCoy, Duane Weber, KARE Carr, Cooper didn’t Organizations: CNN, Northwest Orient, FBI, Netflix Locations: Portland , Oregon, Seattle, Mexico, Pacific Northwest, Phoenix , Arizona, Canadian, Tena, Washington, CooperCon, Washington , DC, Provo , Utah

☆ Mark Meadows had never drunk alcohol before he accidentally downed 3.5 White Claws in the White House, Cassidy Hutchinson says in new book
▼ + stars: | 2023-09-26 | by ( Natalie Musumeci | John L. Dorman | ) www.businessinsider.com time to read: +3 min

Mark Meadows accidentally got tipsy at the White House for the first time, according to Cassidy Hutchinson's book. Meadows never drank alcohol before he downed White Claw at the White House in 2020, according to Hutchinson. AdvertisementAdvertisementFormer President Donald Trump's onetime chief of staff Mark Meadows never drank alcohol in his life before he accidentally got tipsy off multiple cans of White Claw in the White House, ex-Meadows aide Cassidy Hutchinson said in her new memoir. According to Hutchinson, Meadows explained that he was sitting with Vought and "started to get thirsty." I'm drinking alcohol on a Monday morning, and I've never even had a drink before," Meadows said, according to Hutchinson's book.

Persons: Mark Meadows, Cassidy Hutchinson's, Meadows, Hutchinson, I've, —, Donald Trump's, Cassidy Hutchinson, Mark, Russ Vought, hadn't, Russ Organizations: White House, Service, White, Southern Baptist Locations: Hutchinson

☆ Despite all the gloom, we're buyers going into next week. These 3 things are on our radar
▼ + stars: | 2023-09-23 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

It was another downer of a week on Wall Street with all three major averages posting steep losses despite a bounce back on Friday. The S & P 500 and the technology-heavy Nasdaq fell 2.3% and 2.9% this week, respectively, while the Dow Jones Industrial Average lost 1.5%. Federal Reserve: The central bank signaled this week that it was planning to keep rates higher for longer to beat down inflation. ET: Personal consumption expenditure Before the bell: Carnival (CCL) (See here for a full list of the stocks Jim Cramer's Charitable Trust is long.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: downer, Jim Cramer, carmakers, hasn't, Jim, " Cramer, Stanley Black, Decker, Jim Cramer's, Ferguson, SYNNEX, HB Fuller, Jabil, Cramer's, Emily Elconin Organizations: Nasdaq, Dow Jones Industrial, Federal Reserve, Republican, Democratic, UAW, Big, United Auto Workers union, General Motors, Club, Ford, Fed, Stanley, Jim Cramer's Charitable, Costco, Citi, Meta, Industries, Cintas, Natural Foods, Micron Tech, Concentrix Corp, Worthington, Gross, Accenture, BlackBerry, Vail Resorts, MTN, CNBC, United Auto Workers, Stellantis NV, Bloomberg, Getty Locations: SWK, Stellantis NV Toledo, Toldeo , Ohio

☆ Toronto stocks extend losses for third day as BlackBerry tanks
▼ + stars: | 2023-09-07 | by ( Siddarth S | ) www.reuters.com time to read: +2 min

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. ET (1419 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 90.43 points, or 0.45%, at 20,136.53. Both the U.S.- and Canadian-listed shares of BlackBerry (BB.TO), tumbled over 15% after the technology company forecast a 21.4% decline in second-quarter revenue, due to weakness in its cybersecurity segment. Technology stocks (.SPTTTK) slumped 1.8%, leading sectoral declines and hitting their lowest levels in more than a month. Peyto Exploration & Development (PEY.TO) shares fell 2.4%, after the natural gas firm agreed to buy Spanish energy company Repsol's (REP.MC) assets in Canada for $468 million.

Persons: Chris Helgren, Peyto, Morningstar, Siddarth, Tasim Zahid, Shilpi Majumdar Organizations: Toronto Stock Exchange, REUTERS, Spain's, Toronto Stock, BlackBerry, Peyto, Development, U.S, Thomson Locations: Toronto , Ontario, Canada, Toronto, U.S, Bengaluru

☆ Tom Brady will be a strategic adviser to Delta
▼ + stars: | 2023-09-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Tom Brady has a new employer: Delta Air Lines. The seven-time Super Bowl champion is expanding his post-NFL career business ventures, joining Delta to work on internal employee training and appear in external advertising campaigns. Delta said Wednesday that Brady would become a “strategic adviser” to the airline. Brady will partner with Delta to develop and advise on “teamwork tools” for the airline’s more than 90,000 employees and take part in select marketing campaigns, the company said. Brady founded health and wellness company TB12 Sports and also owns a media company and the Brady Brand clothing line.

Persons: Tom Brady, Delta, Brady, ”, “, Ed Bastian’s, Allen Adamson, ” Brady, Adamson, BlackBerry, Alicia Keys, will.i.am, Lady Gaga, Beyoncé Knowles, Brady Brand Organizations: New, New York CNN, Delta Air Lines, NFL, Delta, Intel, Polaroid, Adidas, TB12 Sports, British soccer, Birmingham City, League Pickleball, Fox Sports Locations: New York, Delta

☆ BlackBerry expects to report drop in quarterly revenue, shares dive
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

The Blackberry logo is shown on a office tower in Irvine, California, U.S., October 20, 2020. In its preliminary results announcement for the quarter, the company said it expects revenue of about $132 million, compared with $168 million last year. Four analysts polled by LSEG expect BlackBerry to report sales of $156.9 million. In August, media reports said private equity firm Veritas Capital made an offer to buy BlackBerry, months after the Canadian company began a strategic review. The company expects revenue in its cybersecurity unit to be about $80 million, lower than $111 million last year.

Persons: Mike Blake, John Chen, Jaiveer Singh, Devika Organizations: REUTERS, LSEG, Veritas Capital, Canadian, Thomson Locations: Irvine , California, U.S, Bengaluru

☆ Private equity firm Veritas makes takeover offer for BlackBerry, source says
▼ + stars: | 2023-08-25 | by ( Greg Roumeliotis | ) www.reuters.com time to read: +2 min

REUTERS/Mike Blake Acquire Licensing RightsAug 25 (Reuters) - Private equity firm Veritas Capital has made an offer to buy BlackBerry Ltd (BB.TO), according to a person familiar with the matter, months after the Canadian technology company began a strategic review. Veritas and Blackberry did not immediately respond to Reuters requests for comment. Veritas has made an offer for the entire company, the source said, adding that BlackBerry is also in talks with other potential buyers. Morgan Stanley (MS.N) and Perella Weinberg Partners are acting as financial advisors to BlackBerry for the strategic review. Bloomberg News reported the talks between Veritas and BlackBerry earlier on Friday.

Persons: Mike Blake, Morgan Stanley, Perella Weinberg, Chavi Mehta, Shweta Agarwal, Grant McCool Organizations: REUTERS, Veritas Capital, BlackBerry, Veritas, Malikie Innovations, Perella Weinberg Partners, Bloomberg News, Thomson Locations: Irvine , California, U.S, Canadian, Bengaluru

☆ Private-equity firm Veritas makes a takeover offer for BlackBerry, source says
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

The Blackberry logo is shown on a office tower in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake Acquire Licensing RightsAug 25 (Reuters) - Private equity firm Veritas Capital has made an offer to buy Canadian software company BlackBerry (BB.TO), according to a person familiar with the matter. Veritas and Blackberry did not immediately respond to Reuters requests for comment. It pulled the plug on its smartphones business last year and has since been trying to sell its legacy patents related to its mobile devices. In May, BlackBerry said it will continue with the previously announced sale of the patents related to its mobile devices to Malikie Innovations Limited for up to $900 million.

Persons: Mike Blake, BlackBerry, Chavi Mehta, Greg Roumeliotis, Shweta Agarwal Organizations: REUTERS, Veritas Capital, BlackBerry, Veritas, Malikie Innovations, Thomson Locations: Irvine , California, U.S, Bengaluru

☆ Veritas is said to consider a takeover offer for BlackBerry - source
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: 1 min

The Blackberry logo is shown on a office tower in Irvine, California, U.S., October 20, 2020. REUTERS/Mike Blake Acquire Licensing RightsAug 25 (Reuters) - Private equity firm Veritas Capital is considering a takeover offer for Canadian software company BlackBerry (BB.TO), according to a person familiar with the matter. Veritas and Blackberry did not immediately respond to Reuters' requests for a comment. BlackBerry had said in May it would conduct a review of strategic alternatives, which includes the possible separation of one or more of its businesses. Reporting by Chavi Mehta in Bengaluru and Greg Roumeliotis; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, BlackBerry, Chavi Mehta, Greg Roumeliotis, Shweta Agarwal Organizations: REUTERS, Veritas Capital, Canadian, BlackBerry, Veritas, Thomson Locations: Irvine , California, U.S, Bengaluru

☆ Goldman Sachs: Is David Solomon on his way out? The CEO whisperer weighs in
▼ + stars: | 2023-08-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —David Solomon, CEO and president of Goldman Sachs, is getting bad press — a lot of bad press. And while shares of Goldman Sachs (GS) may be down by more than 5% this year, they’re still up by about 40% since he took over in 2018. Goldman Sachs did not respond to requests for comment for this article. Before the Bell: What is going on at Goldman Sachs? There have been articles purporting that former Goldman CEO Lloyd Blankfein isn’t happy with the job David Solomon has done and that he has offered to step in to help.

Persons: David Solomon, Goldman Sachs, Marcus, Solomon, they’re, Bell, Jeffrey Sonnenfeld, Lloyd Blankfein isn’t, that’s, Lloyd, he’s, That’s, David, ‘, Juliana Liu, Michelle Toh, ” Julian Evans, Pritchard, Zichun Huang, Hang, Lehman, Hillary, Eva Rothenberg, Harry Reid, Hilary Organizations: CNN Business, Bell, New York CNN, Financial Times, Yale School of Management’s, Leadership Institute, Nokia, BlackBerry, Microsoft, Goldman, People’s Bank of China, Reuters, Capital Economics, Hang Seng, The Bank of Korea, Bank Indonesia, country’s National Bureau of Statistics, Harry, Harry Reid International, San Diego International Locations: New York, Lloyd, China, Hong Kong, Shanghai, Asia, Las Vegas, California, Nevada, Southern California, Idaho

☆ Pork Chops With Cherry Peppers With Linguine With Clams
▼ + stars: | 2023-08-18 | by ( Sam Sifton | More About Sam Sifton | ) www.nytimes.com time to read: +1 min

There’s no substitute for dessert at The Lemon Ice King of Corona afterward, I’m afraid. Another dish I’d like to make this weekend: Ali Slagle’s Old Bay grilled shrimp. Ali adds a little bit of baking soda to the seasoning, which helps keep the shrimp snappy while they cook, and then tops everything with lemon zest, parsley and garlic. I think that’d be a fine Sunday lunch, in advance of a nap in front of a fan. There are many thousands more recipes to cook this weekend waiting for you on New York Times Cooking.

Persons: Corona, I’m, Ali, I’ve Organizations: Bassmaster, New York Times Locations: Plattsburgh, Lake Champlain

☆ Movies to Sell Us on the American Dream - The New York Times
▼ + stars: | 2023-08-03 | by ( Pamela Paul | ) www.nytimes.com time to read: +1 min

If there’s anything more American than apple pie, it’s Coca-Cola, Levi’s and Harley-Davidson. No wonder so many of the latest movies tell the stories behind these beloved brands. The 1980s and ’90s, for one thing, which in these movies looks like a relative golden era. And in these movies, it was a time when the right nerd/ne’er-do-well/eccentric with the right combination of charm, chutzpah and ingenuity could make his or her dream come true. All you needed — or so we’d like to think — was the right story to sell.

Persons: Davidson, —, there’s “ Barbie Organizations: Mattel, Apple, Facebook Locations: Cheetos

☆ Juniper Networks sees weak third-quarter revenue on lower cloud spending
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

July 13 (Reuters) - Juniper Networks (JNPR.N) forecast third-quarter revenue below market estimates on Thursday on lower spending by cloud computing clients in a turbulent economy, sending the shares of the networking equipment maker down 6% after the bell. Cloud service providers have been cutting back on orders for infrastructure equipment such as routers and switches in a blow for companies like Juniper Networks due to an overall drop in tech spending. Juniper, which also provides network management software for companies like AT&T, Seagate and BlackBerry, said it expects revenue of about $1.38 billion, plus or minus $50 million, in the third quarter. It forecast adjusted earnings per share of 54 cents, plus or minus 5 cents, which was below expectations of 62 cents. On an adjusted basis, the company earned 58 cents per share, compared with estimates of 55 cents.

Persons: Rami Rahim, Zaheer Kachwala, Pooja Desai, Arun Koyyur Organizations: Juniper Networks, Seagate, BlackBerry, Thomson

☆ Barbie, Nike Air, Cheetos, Mario: Why Movies Are All About Brands Now
▼ + stars: | 2023-07-20 | by ( Jared Holst | ) www.businessinsider.com time to read: +8 min

But the release of half a dozen movies about brands — Barbie, Flamin' Hot Cheetos, Tetris, Nike Air, BlackBerry, and Beanie Babies — in six months isn't just the result of Hollywood groupthink and coincidence. But just as these brand-centric movies ring hollow, so does the gig economy they're catering to. While the plot isn't about the making of Barbie, Barbie and Ken do step outside Barbie Land to peek behind the curtains of their creation.) As more companies look to gig workers to replace full-time jobs, more workers take up gig work. As the economy continues to emphasize the importance of self-branding through gig work, brand movies will continue to resonate.

Persons: Ryan, — Barbie, Flamin, isn't, Barbie, doggedly, Zach Galifianakis, Ty Warner, Ken, Margot Robbie, Ryan Gosling, Ben Affleck, —, it's, hadn't, they'd, it'd, Jared Holst, Jared Organizations: Nike Air, BlackBerry, Hollywood, Hulu, Mattel, Federal Trade Commission, Amazon, Economic, Institute, Brands Locations: American, New York, Brooklyn

☆ Canadian Politicians Who Criticize China Become Its Targets
▼ + stars: | 2023-07-15 | by ( Norimitsu Onishi | More About Norimitsu Onishi | ) www.nytimes.com time to read: +1 min

Later, in November, Mr. Lee and his wife, Anne, flew to Shanghai. He asked why and said he was told: “‘You know what you have done. We believe you could endanger our national security.’”He and his wife were put on a plane back to Canada. He was no longer invited to some events because organizers told him that the consul general did not want to attend if Mr. Lee was also present. Mr. Lee said he believed the icy treatment contributed to the loss of his seat in 2017, after 16 years in office.

Persons: Lee, Anne, Tong Xiaoling, Kenny Chiu Organizations: Mr, Longtime, Embassy, The Globe, Conservative Locations: Shanghai, Canada, Burnaby, Ottawa, Vancouver, China

☆ A Tesla owner says he was locked out of his EV after its 12-volt battery died amid the Texas heat
▼ + stars: | 2023-07-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Dennis Hegstad said his Model 3 was stuck in his driveway after its 12-volt battery died. The Tesla owner attributes the issue to the impact of the Texas summer heat on the battery. A Tesla owner said he was locked out of his Model 3 in his driveway after the 12-volt battery, which powers the car's smaller functions including windows and doors, died last week amid the Texas summer heat. Hegstad is not the first Tesla owner to report issues with getting into his EV. Last year, a Tesla owner went viral on TikTok after he said he was locked out of his Model S after the lithium-ion battery died.

Persons: Dennis Hegstad, Tesla, Hegstad, Tesla's, — Hegstad, he'd, Glenn Howerton Organizations: EV, Twitter, Tesla Locations: Texas, Austin, hosing, Philadelphia, Los Angeles

☆ BlackBerry reports surprise profit on cybersecurity strength
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File PhotoJune 28 (Reuters) - BlackBerry (BB.TO) posted a surprise profit for the first quarter on Wednesday as its cybersecurity business benefited from higher client spending, while its enterprise software continued to gain traction in automotive sector. The Canadian technology company is banking on resilient demand for its cybersecurity products on rising security threats in the information technology sector. BlackBerry reported a surprise profit of 6 cents per share for the quarter ended May 31, while analysts were expecting a loss of 5 cents per share. Revenue in the cybersecurity business unit rose 5.5% sequentially to $93 million, while revenue from licensing and other services came in at $235 million, majorly comprising of proceeds from patent sale. Waterloo, Canada-based BlackBerry earlier had announced its plans to conduct a review of strategic alternatives, including possible separation of its core businesses - cybersecurity and software systems.

Persons: Dado Ruvic, Akshita, Shweta Agarwal Organizations: REUTERS, BlackBerry, Refinitiv . Revenue, Malikie Innovation, Thomson Locations: U.S, Canadian, Refinitiv ., Waterloo, Canada, Bengaluru

☆ The Federal Reserve thinks catastrophe is coming for US businesses
▼ + stars: | 2023-06-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

One report, written by the Federal Reserve's own economists, left me with not exactly an upbeat outlook. Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, Capitol Hill in Washington. That is, more than a third of companies could default in the coming months, thanks to tightening monetary policy. Basically, they are predicting that companies feel pain in times of policy tightening, especially those with weaker balance sheets to begin with. Investors should monitor these bearish signals to stay ahead of a potential sell-off in the stock market.

Persons: Phil Rosen, You'll, Jerome Powell, Jacquelyn Martin, Ander Perez, Orive, Yannick Timmer, Kevin Rendino, he's shorting, Goldman Sachs, Morgan Stanley, Max Adams, Hallam Bullock Organizations: Federal, Financial Services, Capitol, European Central Bank, Bloomberg, Bank of America, Barclays, Elon Musk's Locations: New York, Washington, London

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