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- Rivian, Lucid, Scout CEOs aren’t counting on Democrats to restore EV federal s...
EV makers have had to contend with flip-flopping regulatory support from Washington over the years. [TheTopNews] Read More.2 hours ago - CEO SUNDAY: BlackBerry boss on the company’s evolution from smartphone gia...
For many people, BlackBerry still brings to mind the signature smartphone that was once a staple of corporate America.But the BlackBerry that CEO John Giamatteo leads today looks very different.The devices that made the brand a household name are gone. In their place is a software business whose technology largely operates behind the scenes, powering systems in cars, government communications, robotics and medical equipment while securing communications for governments and other critical organizations.BUILT FROM SCRATCH: HOW A METEOROLOGIST BUILT A BETTER UMBRELLA"We're a different company than we were from the device days, but we are powering with our software and services the world around us in a lot of different ways," Giamatteo told FOX Business.For Giamatteo, continuing the reinvention of the brand has meant following a simple playbook of doing fewer things and doing them well."Simplify what you're doing," Giamatteo said.UTAH RARE EARTHS PROJECT COULD REDUCE DEPENDENCE ON CHINA FOR CRITICAL MINERALS"Sometimes companies can get a little bit too complicated, and they're into too many different things," he added. "So narrowing your focus on fewer things that you're going to do really well, I think, makes a big difference."For BlackBerry, that has meant focusing on its automotive software and secure communications businesses.BlackBerry's QNX embedded software is now used in more than 275 million vehicles, while 18 of the G20 countries use some form of its secure communications technology.The transformation is also showing up in its financial results.BlackBerry reported $163.3 million in revenue for its second quarter of fiscal 2027, up 26% from a year earlier, while adjusted EBITDA jumped 81% to $47 million. QNX revenue climbed 27% to a quarterly record of $80.3 million.Giamatteo also said he brings a numbers-driven approach to running the company."I'm a bit of a numbers guy," he said. "I immerse myself in metrics and [key performance indicators]. I like to have data on everything."He said he reviews BlackBerry's key performance indicators daily, looking for trends and signs of what's working and what isn't."I'm not saying it's right, but it's how I'm wired," Giamatteo said. "And it allows me to kind of immerse myself in the business in a number of different ways."BINANCE CO-CEO SAYS CUSTOMERS WON'T LOSE A DIME AFTER MASSIVE $6B HEISTThat approach comes after roughly 37 years in the technology industry.Giamatteo grew up on Long Island and attended St. John's University in Queens. He began his career in finance before going on to… [TheTopNews] Read More.3 hours ago - As US credit card debt hits $1.29T, bank algorithms are rejecting debt-free, six...Across the country, Americans earning six-figure salaries, carrying no debt and sitting on healthy savings accounts are increasingly hitting an unexpected wall when applying for everyday credit cards or loans: instant denial from automated bank algorithms.The rejections highlight a growing rift between kitchen-table financial discipline and corporate underwriting models. While nationwide credit card balances have climbed to a record $1.29 trillion — a 67% surge since early 2021, according to the Federal Reserve Bank of New York — data from the Consumer Financial Protection Bureau (CFPB) shows an estimated 25 million adults have credit files "too thin" or stale to generate a standard score.Rather than rewarding households that avoid borrowing, modern underwriting algorithms can interpret limited recent credit activity as a sign of uncertain lending risk, potentially making it harder for some debt-free consumers to qualify for credit."Is corporate America penalizing people who live debt-free? I would say they're not penalizing them, but they are not prioritizing them because we're not the ones making them money," Jade Warshaw, co-host of "The Ramsey Show" — who paid off $460,000 in debt alongside her husband — told Fox News Digital. "When you think about the credit score in general, the whole purpose, it's a product, and so it's out there for banks to make money. And if we're not going to be their customer, then yes, they're not going to prioritize us."IRS ANNOUNCES 2027 TAX CHANGES: WHAT TAXPAYERS NEED TO KNOW"Responsible, debt-free living, while it is something that we as consumers should absolutely strive for, the interesting thing about how credit works is it's very counterintuitive," credit repair specialist and Micah Abigail LLC founder Micah Smith also told Fox News Digital.Smith recalled walking into a dealership as a young, debt-free adult to buy her first car, only to be told she was denied financing and needed a co-signer because lenders "couldn't see who she was on paper.""The algorithms are looking for movement," Smith explained. "They want to see what you've actually been doing. So the interesting thing about credit is that income is never a factor into the score itself. And so you might have this incredible income, but you might not have a credit score that supports exactly who you are as a person."A 2025 consumer study by PYMNTS Intelligence and the Federal Reserve found that credit anxiety and unexpected loan denials are no longer just low-income struggles, but they increasingly… [TheTopNews] Read More.3 hours ago
- When Tech ‘Upgrades’ Go Awry
Incidents involving Microsoft’s Outlook and the Federal Aviation Administration this past week demonstrated our dependence on fragile technology. [TheTopNews] Read More.5 hours ago - Jensen Huang’s Downfall Brings Disbelief in TaiwanThe Nvidia chief executive’s resignation shocked people in his birthplace, where he is called “the people’s dad.” [TheTopNews] Read More.5 hours ago
- A Human Reads the Anthropic I.P.O. FilingThe prospectus is unparalleled in its willingness to discuss existential risk. But does honesty bring comfort? [TheTopNews] Read More.5 hours ago
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