Business
Asia Stocks Stage Relief Rally, Earnings in Focus: Markets Wrap
[ad_1] (Bloomberg) — Asian stocks advanced, as the focus shifted from Middle East tensions to company earnings and economic data for insight into the…
Tag: company earnings
Breaking News
Microsoft, Google post strong quarterly sales growth as Big Tech continues its comeback | CNN Business
[ad_1] New York CNN — Big tech companies are continuing a turnaround from last year, as Alphabet, Microsoft and Snap kicked off earnings season…
Breaking News
Samsung flags 78% profit drop as chip demand remains weak | CNN Business
[ad_1] Hong Kong CNN — Samsung warned that operating profit in the third quarter likely plunged 78% as it continues to contend with lower…
Breaking News
Dollar General shares tumble after it cuts forecasts, blaming a spending slump and theft | CNN Business
[ad_1] New York CNN — Dollar General slashed its sales and profit outlook for the year on Thursday, blaming headwinds including weaker consumer spending…
Technology
LinkedIn is cutting more than 650 jobs | CNN Business
[ad_1] New York CNN — LinkedIn is laying off 668 people across its engineering, product, talent and finance teams as part of a broader…
Technology
Apple’s sales fall for the third consecutive quarter | CNN Business
[ad_1] CNN — Apple said Thursday that its revenue slipped 1% to $81.8 billion for its quarter ending July 1, marking the third consecutive…
Technology
The big bottleneck for AI: a shortage of powerful chips | CNN Business
[ad_1] CNN — The crushing demand for AI has also revealed the limits of the global supply chain for powerful chips used to develop…
Technology
Illinois passes a law that requires parents to compensate child influencers | CNN Business
[ad_1] CNN — When 16-year-old Shreya Nallamothu from Normal, Illinois, scrolled through social media platforms to pass time during the pandemic, she became increasingly…
Technology
Nvidia’s quarterly sales double on the back of AI boom | CNN Business
[ad_1] New York CNN — The artificial intelligence boom continues to fuel a blockbuster year for chipmaker Nvidia. Nvidia’s stock jumped as much as…
Technology
T-Mobile to lay off 5,000 employees | CNN Business
[ad_1] New York CNN — T-Mobile on Thursday announced it plans to lay off 5,000 employees, or around 7% of its total staff, over…
Breaking News
Lachlan Murdoch: No change in strategy at Fox News | CNN Business
[ad_1] New York CNN — Despite a turbulent and expensive few weeks, Fox News isn’t changing course. Fox Corp. CEO Lachlan Murdoch said there…
Breaking News
Apple posts second consecutive quarterly revenue decline | CNN Business
[ad_1] CNN — Apple on Thursday reported that its revenue fell 3% to $94.8 billion for the first three months of the year as…
Breaking News
Ford cuts price of the Mustang Mach-E again | CNN Business
[ad_1] New York CNN — Ford is once again cutting the price of its electric SUV, the Mustang Mach-E, as it ramps up its…
Breaking News
Big banks are bidding for troubled First Republic as FDIC deadline looms | CNN Business
[ad_1] New York CNN — Federal regulators are holding an auction for ailing regional bank First Republic, a person familiar with the matter tells…
Breaking News
NBCUniversal CEO stepping down over ‘inappropriate relationship’ | CNN Business
[ad_1] New York CNN — NBCUniversal CEO Jeff Shell is leaving the company after an outside investigation “into a complaint of inappropriate conduct,” its…
US News
Three investors on how to protect your portfolio | CNN Business
[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You…
US News
What markets are watching after digesting the US jobs data | CNN Business
[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You…
Breaking News
Facebook-parent Meta plans to lay off another 10,000 employees | CNN Business
[ad_1] CNN — Facebook-parent Meta plans to lay off another 10,000 workers, marking the second round of significant job cuts announced by the tech…
US News
Credit Suisse delays annual report after ‘late call’ from the SEC | CNN Business
[ad_1] London CNN — Credit Suisse can’t catch a break. In the latest piece of troubling news, the beleaguered Swiss bank has delayed the…
US News
$30 million of Funko Pop! toys will be thrown in the trash | CNN Business
[ad_1] New York CNN — Thirty million dollars worth of Funko (FNKO) Pop! figures – those big-headed, vinyl pop-culture dolls – will soon make…