Blackberry shares soared after the company beat analysts earnings forecasts. John Chen, CEO of Blackberry, joined us to break down the results.
Blackberry's results were boosted by an increase in business software sales and licensing revenue. Chen says Blackberry has 2 major focuses. The first is the enterprise software business and the other is the auto sector. Blackberry has been in the auto business for 8-10 years, but made a bigger push about 4 years ago, he points out.
Chen says there are 60 million cars on the roads using blackberry software. Looking forward, the company is working on designing new components such as lane-changing and communication capabilities with other cars and infrastructure. He sees a huge opportunity in the space, emphasizing that about 100 million cars are made every year.
The merger gives Intuit a chance to inject new life in its consumer business that it lost in the 2009 acquisition of Mint, just as the post-financial crisis fintech industry was coming to life and personal financial management apps began flooding the market.
For weeks, the World Health Organization’s chief official has warned of a narrowing “window of opportunity” to stall the virus’s spread, but the case count continues to tick upwards on a daily basis.
Huawei's U.S. Chief Security Officer Andy Purdy pushed back against accusations by the DOJ against the Chinese company while it does business with other nations such as the UK.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
The Libra Association has finally gained one major supporter: the e-commerce giant Shopify.
Brothers Khalil and Ahmed Abdullah of Decoy Games are stepping up to help other game developers of color get their footing in the industry.
Stocks fell in midday trading as investors fretted about more signs that a viral outbreak was spreading and a report showing a sharp weakening in U.S. business activity. Investors headed for safer territory.
These are the headlines you Need 2 Know for Friday, February 21, 2020.
With the purchase, Voyager is acquiring 40,000 retail accounts from Circle Invest, adding to its existing 200,000 users. Circle Invest users will be converted to the Voyager platform by the end of next month.
San Francisco-based Lending Club, which went public in 2014, matches borrowers with investors willing to fund their loans. Merging with Radius, a $1.4 billion-asset, Boston-based community bank, gives it a fast track to becoming a regulated deposit-taking company
