Latest in Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever
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Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever
The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.Tech - The New York Times - 5 hours ago -
Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving
The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.Business - The Wall Street Journal - 3 hours ago -
Roku’s stock sinks after streaming company posts another quarterly loss
Roku Inc.’s stock fell in after-hours trade Wednesday, after the streaming platform posted another quarterly loss and flat average revenue per user.Business - MarketWatch - Yesterday -
Boeing workers to vote on ending strike as company reports billions in quarterly losses
Striking Boeing workers are set to vote on a new contract offer Wednesday after the company announced a $6 billion loss in its third-quarter earnings. CBS News senior transportation correspondent ...Top stories - CBS News - October 23 -
Boeing Awaits Strikers’ Vote, Reports $6 Billion Quarterly Loss
The 30,000 union workers who walked off the job six weeks ago vote on a new contract proposal as the plane maker keeps reeling from a brutal year.Business - Inc. - October 23 -
Meta’s Reality Labs posts $4.4 billion loss in third quarter
Meta's Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.Business - CNBC - Yesterday -
World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall
Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).Business - CNBC - October 22 -
New Boeing CEO sets sights on 'leaner' future as quarterly loss tops $6 billion
Boeing had released preliminary results earlier this month showing a big loss and $5 billion in charges across its defense and commercial units.Business - CNBC - October 23 -
Boeing reveals $6 billion quarterly loss ahead of key vote by striking machinists
Boeing Co.’s third-quarter earnings showed better-than-expected revenue despite the impact of a strike by machinists, but the company’s loss was wider than expected.Business - MarketWatch - October 23 -
Ford sees another $1 billion EV loss, lowers guidance and its stock falls 6%
Ford Motor Co. reported earnings late Monday, but investors looked past a beat.Business - MarketWatch - 3 days ago -
Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion
The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.Tech - The New York Times - Yesterday -
Intel seeks billions for minority stake in Altera business, sources say
This move that would represent a sharp about-face from its earlier public messaging about the larger company's prospects.Business - CNBC - October 18 -
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Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand
Revenue for the third quarter grew about 94% year-on-year.Business - CNBC - October 24 -
DoorDash Posts First Quarterly Profit Since IPO, Launches Partnership With Lyft
DoorDash reported its first quarterly profit since going public in 2020, and launched a partnership with Lyft, as the two companies combine forces against common rival Uber.Business - The Wall Street Journal - Yesterday -
Boeing is about to show a big quarterly loss as investors wait for the strike to end
If union members agree to end the strike “the supply chain, investors, and Boeing will share a collective sigh of relief.”Business - MarketWatch - October 23 -
Intel books big charges for restructuring, but here’s why its stock is surging
The company says business trends are improving despite ‘noisy’ earnings.Business - MarketWatch - 2 hours ago -
Harris Sets Record for Biggest Fund-Raising Quarter Ever
Donald Trump is raising less money than he did during his run in 2020, building a far smaller campaign than Kamala Harris.Top stories - The New York Times - October 21 -
The Yankees-Dodgers World Series features the biggest combined payroll ever
A by-the-numbers look at two teams who have played each other in 12 World SeriesBusiness - MarketWatch - 6 days ago -
Intel scores fresh win against EU after top court backs annulment of billion-euro antitrust fine
Chipmaker Intel has won a fresh victory in a long-running battle against European Union competition watchdogs after the bloc’s top court confirmed a lower tribunal’s decision to overturn a ...Tech - ABC News - October 24 -
Intel wins against EU after court backs annulment of billion-euro antitrust fine
Chipmaker Intel has won a fresh victory in a long-running battle against European Union competition watchdogs after the bloc’s top court confirmed a lower tribunal’s decision to overturn a ...World - ABC News - October 24 -
BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit
British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.Business - CNBC - 2 days ago -
Hong Kong unearths its first ever dinosaur fossils
Official hails discovery ‘of great significance’ on Port Island, with remains of as yet unknown species to go on display in shopping district on Friday. Hong Kong officials say they have discovered ...World - The Guardian - October 24 -
Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it
Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying offTech - ABC News - Yesterday -
McDonald’s posts biggest decline in global sales in four years
Amid sluggish spending in US, Europe and China, sales fell by 1.5% between July and September. McDonald’s has posted another bigger than expected drop in sales as demand continues to slow, despite ...World - The Guardian - 2 days ago -
How Israel Pulled Off Its Largest-Ever Strike on Its Nemesis Iran
The attack unfolded in waves, striking missile-manufacturing and surface-to-air missile-defense sites, but steering clear of oil and nuclear facilities that Iran had warned would prompt a retaliation.World - The Wall Street Journal - 5 days ago -
Jets became first NFL team ever to lose when posting this stat line
The Jets made history in Sunday's game against the Patriots, but it was the kind you don't want to be associated with.Sports - Yahoo Sports - 3 days ago -
Hurricane Milton’s insured losses could reach $50 billion, says Verisk
Data and technology company Verisk Analytics Inc. VRSK said Wednesday it estimates the insured losses to onshore property from Hurricane Milton could range from $30 billion to $50 billion.Business - MarketWatch - October 16 -
Helene, Milton losses expected to surpass "truly historic" $50 billion each
Hurricanes Helene and Milton caused so much complex havoc that damages totals are likely join the infamous ranks of Katrina, Sandy and Harvey as super costly $50-billion-plus killers, experts say.Top stories - CBS News - October 17 -
Boeing reports $6.1 billion loss as strike takes toll on plane maker
Boeing reported a massive third-quarter loss, partly due to billions in charges from its airline programs as well as the current strike.Top stories - CBS News - October 23 -
Boeing reports $6 billion loss ahead of pivotal union vote
Boeing reported losses topping $6 billion last quarter as voting kicks off Wednesday on a labor contract that could put an end to a weeks-long strike that has crippled the aviation giant. “It will ...Politics - The Hill - October 23 -
What to do with Honeywell stock after its sharp post-earnings pullback
The industrial giant reported mixed third-quarter results compounded by a mixed outlook.Business - CNBC - October 24
