Samsung flags chip slowdown as profit drops sharply from previous quarter

While fourth-quarter revenue and operating profit fell quarter on quarter, annual revenue reached the second-highest on record, Samsung said.

CNBC - 5h

Luxury slowdown? Not at haute couture

Alessandro Michele made his couture debut at Valentino and Schiaparelli revived the corset

Financial Times - 7h

Apple proves naysayers wrong once again with lots to like from the quarter and outlook

Guidance for revenue growth in the March quarter was much better feared.

CNBC - 11h

Pending home sales drop sharply in December as mortgage rates surge back over 7%

Pending home sales in the U.S. fell in December as mortgage rates climbed again.

CNBC - 18h

Meta posts sharply higher Q4 profit, revenue, topping Wall Street's expectations

Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties

ABC News - 1d

Tesla’s Fourth-Quarter Earnings Report Sharp Drop in Profit

The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.

The New York Times - 1d

Samsung predicts profit hit from weak chip sales as US curbs bite

World’s biggest maker of memory semiconductors expects demand recovery from second quarter

Financial Times - 7h

Pending home sales drop sharply in December as mortgage rates surge back over 7%

Signed contracts on existing homes dropped a sharp 5.5% in December from the previous month and fell 5% from the prior year, according to the National Association of Realtors.

NBC News - 14h

Deutsche Bank shares drop after quarterly profit falls, cost target scrapped

Legal provisions weighed on the bottom line at Germany's largest lender Deutsche Bank, with net profit falling in the fourth quarter.

CNBC - 19h

Shares of fashion giant H&M drop as fourth-quarter sales miss estimates

Shares of H&M dropped on Thursday after the world's second-largest retailer missed sales forecasts in the fourth quarter.

CNBC - 19h

Tesla fourth-quarter results miss estimates as automotive revenue drops 8%

Tesla reported weaker-than-expected earnings and revenue for the quarter that ended in December.

CNBC - 1d

VF Corp.’s stock surrenders gains from profit beat as CEO warns of choppy turnaround

VF Corp.’s stock moved into the red after posting a healthy gain earlier in the session on Wednesday, as the apparel and footwear maker’s results weren’t strong enough for the stock to sustain its ...

MarketWatch - 1d

Herbert dropped from role as FIA steward

Former grand prix driver Johnny Herbert is dropped from his role as a steward in Formula 1.

BBC News - 2d

See Gaza from the air as BBC joins aid drop by Jordanian military

The BBC's Fergal Keane joined the mission to deliver the first aerial aid delivery into Gaza since the ceasefire came into effect.

BBC News - 2d

Trump calls for tariffs on computer chips, semiconductors and pharmaceuticals from Taiwan

Donald Trump called for tariffs on foreign computer chips, semiconductors, and pharmaceuticals from places like Taiwan in the near future.

VentureBeat - 3d

Dalton Kincaid on dropped pass: I'll grow from this, but it's going to hurt a lot

With two minutes left in the fourth quarter of the AFC Championship Game, the Bills were in desperation mode, facing fourth-and-5 at their own 47-yard line.

Yahoo Sports - 4d

Amazon Prime Video Seeks Profit Boost from Live Sports

Live sports create valuable opportunities for targeted ad placements on Prime Video.

Inc. - 6d

Trump administration bans non-US flags from being flown at embassies

The policy stands in contrast to instances during the Biden administration when gay pride and Black Lives Matter flags were flown. The US Department of State has banned consular posts from flying ...

The Guardian - Jan. 23

Boeing books charges and warns on fourth-quarter revenue and profit

Aerospace group cites $2.8bn hit from last year’s strike, lay-offs and rising defence business costs

Financial Times - Jan. 23

SK Hynix profit soars to a record high on AI boom, but shares drop on demand uncertainty

SK Hynix CFO Kim Woohyun said that the outlook for memory demand in 2025 was clouded by inventory adjustments, protective trade policies and geopolitical risks.

CNBC - Jan. 23

Nepal sharply increases permit fee for Everest climbers

Nepal will increase the permit fees for climbing Mount Everest by more than 35%, making the world’s tallest peak more expensive for mountaineers for the first time in nearly a decade, officials said.

NBC News - Jan. 23

SK Hynix profits beat Samsung’s for first time on AI boom

South Korean chipmaker expects sales of high-bandwidth memory products to more than double this year

Financial Times - Jan. 23

United Airlines' first-quarter outlook outpaces estimates after profits surge to end 2024

United topped analysts' estimates for fourth-quarter earnings and the airline's first-quarter outlook.

CNBC - Jan. 22

Travelers Upbeat on Momentum Despite Fires as Fourth-Quarter Profit Surges

The property-and-casualty insurer said the strong results and outlook would allow it to support customers affected by the wildfires that devastated L.A.

The Wall Street Journal - Jan. 22

Adidas Exceeds Profit Guidance After Sales Jump in Fourth Quarter

The German sporting-goods company said its operating profit climbed to €1.34 billion last year from €268 million in 2023.

The Wall Street Journal - Jan. 21

Apple is accused of profiting from 'blood minerals'

The Democratic Republic of Congo says Apple is sourcing minerals from armed groups committing atrocities.

Financial Times - Jan. 21

Huawei seeks to grab market share in AI chips from Nvidia in China

Tech giant pushes its artificial intelligence chips as hardware of choice for ‘inference’ tasks

Financial Times - Jan. 21

Target’s holiday sales show a rebound from third-quarter doldrums

Target raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and Cyber Monday promotional events.

MarketWatch - Jan. 16

TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand

TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.

CNBC - Jan. 16

Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength

The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.

CNBC - Jan. 15

How Nissan's profits dropped 90% in one year

Merging with rival Honda may be Nissan's best shot at survival. The Japanese automaker is struggling around the world, including the U.S. and China.

CNBC - Jan. 15

America must act to secure its ‘legacy chips’ from China and other competitors

As demand for connected devices and digital technologies continues to increase, so does the need for trusted and secure chips. Legacy chips are one important piece of that puzzle.

The Hill - Jan. 12

December jobs report expected to show hiring slowdown

The December jobs report is set to be released later Friday morning and it's expected to show slowing growth. According to a survey of forecasters by the data firm FactSet, U.S. employers are ...

CBS News - Jan. 10

Greggs shares drop on sales slowdown

UK bakery chain blames ‘subdued high street footfall’ for weaker earnings

Financial Times - Jan. 9

Gloucester remove Russia flag from player’s shirt after backlash

Gloucester will remove the Russia flag from the back of Kirill Gotovtsev’s shirt for all matches moving forward and have issued an apology “for any offence this may have caused”.

Yahoo Sports - Jan. 8

Samsung’s profit estimates disappoint as it fights for Nvidia’s AI business

Fourth-quarter earnings hit by greater investments in advanced chip manufacturing

Financial Times - Jan. 8

Samsung Expects Further Profit Growth Slowdown, Missing Estimates

The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.

The Wall Street Journal - Jan. 7

Nvidia releases gaming chips for PCs, tapping AI features from data center GPUs

At CES in Las Vegas, Nvidia showed that it's still focused on serving gamers even as the company's primary business is now in the data center.

CNBC - Jan. 7

China’s box office takings drop by a quarter as viewers turn to streaming

Lack of blockbusters, pandemic aftereffects and hard economic times blamed for 2024 slump

Financial Times - Jan. 5

Truck used in New Orleans attack was flying large black flag from rear bumper, authorities say

New information is coming out about the truck attack in New Orleans early on New Year's Eve that killed at least 10 people. Law enforcement officials have confirmed to CBS News that the truck ...

CBS News - Jan. 1

Latest in Samsung flags chip slowdown as profit drops sharply from previous quarter

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