Reported 2 days ago
Intel's stock soared by 7% after the company reported third-quarter earnings exceeding Wall Street expectations, with revenue of $13.7 billion and adjusted earnings per share of $0.23. The surge in demand for AI capabilities contributed significantly to the performance despite a projected lower revenue for the fourth quarter. However, challenges remain, particularly in its manufacturing segment, which reported a significant operational loss, indicating a cautious outlook for future growth.
Source: YAHOO
Reported 2 days ago
At Tesla's annual meeting on November 6, shareholders will vote on Elon Musk's controversial pay package, which could be valued at up to $1 trillion, contingent on meeting ambitious operational goals. Investor Ross Gerber criticized it as the 'most absurd' in business history, citing concerns over labor negotiations and shareholder governance, while Musk defended the proposal during a recent earnings call.
Source: YAHOO
Reported 2 days ago
RJ Scaringe, founder and CEO of Rivian, is stepping into the role of interim chief marketing officer as part of a major restructuring that includes layoffs of over 600 employees ahead of the R2 SUV launch. In an email to staff, Scaringe outlined the need for these changes to profitably scale the business, citing various external challenges. The restructuring also includes a reorganization of teams to enhance the customer purchase experience.
Source: YAHOO
Reported 2 days ago
Intel has exceeded profit expectations for the third quarter, largely due to CEO Lip-Bu Tan's cost-cutting strategies and significant investments from Nvidia and SoftBank. The company's stock rose 7% post-announcement, marking a recovery after a challenging year. Despite past struggles, including a substantial decrease in stock prices and competition from AMD and Nvidia, Intel has seen a nearly 90% stock increase in 2025. Positive guidance and strong demand for its chips in data centers reflect a turnaround, although manufacturing yield concerns persist.
Source: YAHOO
Reported 2 days ago
On October 23, 2025, U.S. stock markets saw notable gains, with the S&P 500 rising 0.6%, nearing its all-time high. The Dow Jones Industrial Average increased by 0.3%, while the Nasdaq composite jumped 0.9%. The market was buoyed by a surge in oil prices and strong earnings from major companies, including announcements of new sanctions on Russia's crude industry by President Trump.
Source: YAHOO
Reported 2 days ago
Intel's stock rose over 4% after reporting third-quarter earnings that surpassed analyst expectations, with an adjusted EPS of $0.23 and revenue of $13.65 billion, exceeding the anticipated $13.15 billion. However, the company's fourth-quarter guidance projects an adjusted EPS of $0.08 and revenue of $13.3 billion, slightly below expectations. Despite challenges in its manufacturing segment, CEO Lip Butan highlighted growth opportunities driven by AI demand.
Source: YAHOO
Reported 2 days ago
President Donald Trump has pardoned Changpeng Zhao, founder of Binance, allowing his potential return to leadership after serving prison time for violations of the Bank Secrecy Act. Following this news, Bitcoin and Binance's utility token BNB experienced temporary price increases, alongside gains for other crypto assets linked to the Trump family. Trump's administration continues to show support for influential figures in the crypto sector, all while Zhao's future at Binance remains uncertain.
Source: YAHOO
Reported 2 days ago
Super Micro Computer's stock fell nearly 9% after the company lowered its first-quarter revenue forecast to $5 billion, down from previous expectations of $6 billion to $7 billion, due to project delays. Despite maintaining its full-year revenue outlook, the news led to significant declines amidst rising market trends, highlighting the volatility surrounding investor expectations in the AI sector.
Source: YAHOO
Reported 2 days ago
Source: YAHOO
Reported 3 days ago
The upcoming Consumer Price Index (CPI) for September is anticipated to maintain inflation around 3%, revealing ongoing challenges for the Federal Reserve in reaching its 2% target due to tariffs and persistent service costs. Despite expectations of a 0.4% monthly rise in headline CPI, concerns about the impact of tariffs on goods prices and a modest adjustment in service sector inflation reflect a complex economic landscape as the Fed prepares for potential rate cuts amid the longest government shutdown in U.S. history.
Source: YAHOO
Reported 3 days ago
In a recent episode of The Big Idea with Elizabeth Gore, Trunk Tools CEO Sarah Buchner discusses how businesses can leverage AI to enhance their operations. She emphasizes that AI will significantly change knowledge work and highlights the importance of being an early adopter to maintain a competitive advantage. Buchner advises entrepreneurs to start by identifying one specific and repetitive workflow to integrate AI, ensuring they choose established AI providers with industry expertise.
Source: YAHOO
Reported 3 days ago
As credit card debt increases, especially among baby boomers and Generation X, many are considering whether to use their retirement savings to pay it off. While financial advisors typically caution against withdrawing from retirement accounts, it may be a reasonable option for those facing high-interest debts, particularly in retirement. However, experts warn of the risks involved, including tax penalties and the potential for incurring debt again. Evaluating one's financial habits and the implications of withdrawal versus loans from retirement accounts can help in making a responsible decision.
Source: YAHOO
Reported 3 days ago
Elon Musk has faced a rollercoaster year marked by declining earnings and controversies, yet he continues to get richer. Tesla reported a 37% plunge in third-quarter earnings as vehicle sales faltered due to boycotts tied to Musk's political stance. However, shareholders may approve a massive trillion-dollar compensation package for Musk, betting on future breakthroughs like driverless robotaxis and energy innovations. Despite regulatory investigations and past disappointments, many investors remain confident in Musk's vision and potential to turn Tesla's fortunes around.
Source: YAHOO
Reported 3 days ago
Michigan has officially terminated its agreement with Chinese company Gotion Inc. for an electric vehicle battery plant due to abandonment of the project, seeking to recover $23.6 million in incentives. Despite initial support from Governor Gretchen Whitmer and lawmakers, strong local opposition and regulatory hurdles led to the project's downfall. Michigan's Economic Development Corporation noted that Gotion had not made any eligible progress on the site for over 120 days, prompting the state's demand for repayment.
Source: YAHOO
Reported 3 days ago
Amazon is set to lose its second vice president in the devices division this October, as Lindo St. Angel, who played a key role in developing various gadgets, confirms his departure at the end of the month. This follows Rob Williams' earlier exit, highlighting ongoing struggles within the division to achieve profitability amidst product line changes and workforce reductions.
Source: YAHOO
Reported 3 days ago
Hasbro CEO Chris Cocks discussed the company's partnership with Netflix and Mattel to launch a new line of toys based on the animated film KPop Demon Hunters. The collaboration aims to create a diverse range of products, including plush toys, games, and trading cards, with the first item set to release soon. Cocks expressed confidence that this long-term partnership will contribute positively to Hasbro's earnings in the coming years, capitalizing on the K-pop phenomenon's popularity.
Source: YAHOO
Reported 3 days ago
Former Federal Maritime Commission Chairman Louis Sola highlighted the delicate balancing act faced by the U.S. maritime industry due to competition from China, which dominates shipbuilding. He pointed out that while the U.S. is implementing penalties on Chinese ships to boost domestic shipbuilding, the high costs and economic repercussions on exports, particularly in agriculture, present significant challenges. Despite difficulties, there's optimism about future infrastructure investments in U.S. ports, with Sola calling for more transparency and finalized trade deals to restore confidence in the maritime sector.
Source: YAHOO
Reported 3 days ago
President Trump is scheduled to meet Chinese President Xi Jinping in South Korea next Thursday, marking their first in-person interaction during Trump's second term. The summit will take place on the sidelines of the APEC meeting and is expected to address significant economic issues, including rare earth minerals and trade matters, following recent dialogues between U.S. and Chinese officials.
Source: YAHOO
Reported 3 days ago
TechCrunch has launched a new podcast called Build Mode, hosted by Isabelle Johannessen. This podcast serves as a guide for early-stage founders, offering unfiltered discussions and practical advice on the challenges of building a company. Starting November 13, each episode will focus on themes crucial to founders, such as fundraising and hiring. The initiative aims to foster a community of builders and gather insights from listeners, while also providing bonus content on social media platforms.
Source: YAHOO
Reported 3 days ago
President Trump has cancelled plans to send federal troops to San Francisco after discussions with billionaires Marc Benioff and Jensen Huang, as well as Mayor Daniel Lurie. This decision follows significant backlash from local officials and a changing landscape in the city, which has seen a revival thanks to the artificial intelligence sector. Mayor Lurie emphasized the need for partnerships with federal law enforcement, while some critics express concern over billionaire influence on policy decisions.
Source: YAHOO
Reported 3 days ago
A subsidiary of Chinese battery manufacturer Gotion has scrapped its $2.4 billion plan to establish a plant in Michigan for electric vehicle battery materials, leading to the loss of anticipated 2,350 jobs. This decision, influenced by criticism over the company's Chinese ownership, follows a history of waning public interest in electric vehicles and recent policy changes affecting automakers. The state of Michigan, which had not disbursed a promised state grant for the project, is seeking repayment for partial funding allocated to property purchase.
Source: YAHOO
Reported 3 days ago
The U.S. and EU have launched new sanctions against Russia's major oil companies, Rosneft and Lukoil, aiming to disrupt the funding of the ongoing war in Ukraine. The sanctions threaten customers in India and China with retaliation, pushing them to reconsider buying Russian oil. This crackdown follows a three-and-a-half-year effort to limit Russia's oil revenues, which are vital for its state finances. As the sanctions take effect next month, both the U.S. and EU are intensifying their strategies to enforce deeper economic impacts on Russia amid ongoing conflicts.
Source: YAHOO
Reported 3 days ago
Ford reported strong third-quarter results but anticipates a significant financial impact from the Novelis aluminum plant fire, projecting an EBIT hit of $1.5 billion to $2.0 billion in 2025. The automaker adjusted its full-year guidance downwards, citing disruptions in production and tariffs costing the company $700 million in Q3. Despite these challenges, Ford plans to increase F-150 and F-Series production by over 50,000 trucks in 2026 to meet demand, while also achieving record EV sales.
Source: YAHOO
Reported 3 days ago
Southwest Airlines' CFO Tom Doxey discussed the airline's optimistic fourth quarter outlook, projecting record high operating revenue, even as the ongoing U.S. government shutdown has a 'relatively modest' impact on the company. Despite concerns about flight safety and potential stress in air traffic control due to non-payment, Doxey noted no major disruptions thus far, while the airline continues to monitor the situation.
Source: YAHOO
Reported 3 days ago
Paramount Skydance CEO David Ellison remains determined in his attempts to acquire Warner Bros. Discovery, despite three rejections. Allies suggest that his connections to the Trump administration may give him an edge in the regulatory process. While Warner Bros. Discovery's CEO David Zaslav insists on a higher valuation than Ellison's latest offer, the situation remains fluid with multiple potential outcomes, including a full acquisition or a sale of assets. Ellison's ambition is reinforced by financial backing, and discussions around the potential deal have raised concerns about billionaire influence over major media entities.
Source: YAHOO