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Marvell shares ripped 20% higher on Friday as the company posted an earnings beat and issued strong guidance, expecting robust artificial intelligence demand to continue. The semiconductor company reported adjusted earnings of 80 cents per share for the quarter, exceeding the 79 cents per share expected by analysts polled by LSEG. The company reported $2.2 […]
A bloc of Minnesota’s biggest companies and professional sports teams demanded an “immediate de-escalation” of tensions Sunday after the fatal shooting of Alex Jeffrey Pretti by federal agents rocked Minneapolis and plunged the state into crisis. More than 60 chief executives — including leaders of Target, Best Buy, 3M, General Mills, Medtronic, UnitedHealth Group and […]
TSMC offices in San Jose, California, on April 18, 2024. Bloomberg | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a 35% increase in fourth-quarter profit, beating estimates and hitting a fresh record as demand for artificial intelligence chips remained strong. Here are the company’s results versus LSEG SmartEstimates, which are weighted […]
Live Nation CEO Michael Rapino and Smith Entertainment Group CEO Ryan Smith said this week live events are more central than ever to culture and commerce in a post-pandemic world. The executives spoke at CNBC Sport and Boardroom’s Game Plan conference on Tuesday, saying the demand for in-person events has been unmistakable. “No matter what […]
Lululemon Athletica slashed its annual revenue and profit forecasts on Thursday, signaling a slowdown in demand going into the crucial holiday season as consumers cut down spending, alongside tariff pressures. Shares of the company fell about 14% after the closing bell. The sportswear maker has failed to spark a wave of buying from consumers grappling with inflation […]
A Trump administration request that Japan buy more US rice caused this week’s snag in bilateral trade talks as Tokyo “strongly objected” to the condition, the Nikkei newspaper reported on Saturday. Japan’s top tariff negotiator abruptly canceled a US trip on Thursday over unspecified “points that need to be discussed at the administrative level,” the […]
Plane ticket prices are soaring as airlines slash flights to balance out a downturn in demand. Airfares jumped 4% in July in the first monthly increase since January, according to the Bureau of Labor Statistics’ Consumer Price Index. Carriers are slashing flights at aggressive rates, with domestic capacity among US airlines plunging 6% in August […]
United Airlines said Wednesday travel demand has picked up since the beginning of July, thanks to less geopolitical and macroeconomic uncertainty. The Chicago-based airline, however, expects its earnings to suffer in the current quarter due to operational constraints at Newark airport near New York City — one of its largest hubs and among the busiest in the country. […]
A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Daniel Ceng | Anadolu | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, beating […]
CEO of Supermicro Charles Liang speaks during the Reuters NEXT conference in New York City, U.S., December 10, 2024. Mike Segar | Reuters PARIS — Super Micro plans to increase its investment in Europe, including ramping up manufacturing of its AI servers in the region, CEO Charles Liang told CNBC in an interview that aired […]
