February 2024 - Page 6 of 6 - zoomoth

Apple is heading for its greatest third-quarter income decline since 2016 as iPhone gross sales slowed

Apple is heading for its biggest third-quarter revenue decline since 2016 as iPhone sales slowed

By Yuvraj Malik (Reuters) – Apple is prone to report a decline in iPhone gross sales within the April-June quarter as consumers look forward to a brand new mannequin in a sluggish financial system, making it essential for the corporate to element the way it can use synthetic intelligence to gasoline development. Analysts stated. The … Read more

Meme-Darling Nikola soars as retail traders pile in

Meme-Darling Nikola soars as retail investors pile in

(Bloomberg) — The gravity-defying rally in electric-car startup Nikola Corp exhibits no indicators of stopping, as the corporate’s newest efforts to preserve money and safe funds reignites enthusiasm for the inventory. Most Learn from Bloomberg Shares of the electrical automotive maker — as soon as seen as a possible competitor to Tesla Inc. Business large … Read more

Shares fall, Treasury bonds acquire after Fitch downgraded the US credit standing

Stocks fall, Treasury bonds gain after Fitch downgraded the US credit rating

by Xie Yu HONG KONG (Reuters) – Asian shares fell whereas US Treasury yields fell on Wednesday after ranking company Fitch Scores unexpectedly downgraded america’ sovereign credit standing. MSCI’s broadest index of Asia-Pacific shares fell 0.5%. Japan’s Nikkei fell 1.2%, whereas Australian shares fell 0.5%. Mainland China and Hong Kong fell 0.3% and 0.5%, respectively. … Read more

AMD’s positive aspects, after surpassing the chipmaker’s estimates, made inroads into synthetic intelligence

AMD's gains, after surpassing the chipmaker's estimates, made inroads into artificial intelligence

(Bloomberg) — Superior Micro Gadgets Inc. gained in late buying and selling after the chipmaker topped second-quarter estimates and noticed inroads in synthetic intelligence computing, placing it in nearer competitors with Nvidia Corp. Most Learn from Bloomberg Each gross sales and earnings beat analysts’ expectations final quarter, and AMD accelerators — a sort of processor … Read more

Starbucks lagged same-store gross sales estimates for the third quarter, and China sees gross sales develop by 46%

Starbucks lagged same-store sales estimates for the third quarter, and China sees sales grow by 46%

Starbucks (SBUX) posted combined Third quarter financial results On Tuesday after the market closes. After the outcomes, shares remained comparatively flat. The Seattle-based espresso large topped earnings, however posted a loss in income and same-store gross sales. Adjusted earnings per share got here in at $1.00, barely above anticipated, at $0.95. Income elevated 12% to … Read more

Lumen Applied sciences shares are dropping after incurring losses of practically $9 billion

Lumen Technologies shares are dropping after incurring losses of nearly $9 billion

(Reuters) – Lumen Applied sciences reported an enormous quarterly web lack of $8.74 billion on Tuesday, hit by an impairment cost of practically $9 billion within the second quarter. Shares of the Monroe, Louisiana, firm, which has misplaced greater than 61% of its worth this yr, fell greater than 8% in post-bell commerce. The corporate, … Read more

Tupperware Pops with 800% rush like Mimi Commerce Burns Shorts

Tupperware Pops with 800% rush like Mimi Trade Burns Shorts

(Bloomberg) — Tupperware Manufacturers Corp. has been warning for months that it might collapse, however that is not stopping retail traders from sparking a shocking rally paying homage to the pandemic-era fairness frenzy. Most Learn from Bloomberg Shares of the favored meals storage container firm are up 768% over the previous two weeks as traders … Read more

AMD expects to launch a competitor to its Nvidia AI chip within the fourth quarter, and shares rise

AMD expects to launch a competitor to its Nvidia AI chip in the fourth quarter, and shares rise

Written by Max A. Cherny and Shafi Mehta (Reuters) – Superior Micro Units on Tuesday forecast a robust fourth quarter and expects to have synthetic intelligence gadgets that may problem Nvidia chips by that quarter. Shares are up about 3.5% in after-hours buying and selling. “Our AI participation elevated greater than sevenfold within the quarter, … Read more