Intel management has told investors that the company’s turnaround will take time, and that it is aiming to match TSMC’s chip-manufacturing prowess by 2026.
Schlagwort-Archiv: CNBC
Sweetgreen shares tumble after salad chain reports weak sales but narrowing losses
Sweetgreen, which went public in November 2021, is aiming to turn a profit for the first time by 2024.
Watch live: ECB President Christine Lagarde speaks after rate decision
European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.
Stocks making the biggest moves premarket: Southwest Airlines, Meta Platforms, Align Technology, EBay and more
These are the stocks posting the largest moves in early morning trading.
Singapore’s UOB expects ’some upside‘ to interest income after Fed rate hike
UOB posted a 35% jump to 1.5 billion Singapore dollars in its core net profit in the second quarter from a year ago.
China VC slump is set to drag Asia-Pacific fundraising down to a decade low
China-focused venture capital funds raised $2.7 billion in the second quarter, a drop of more than 50% from the first quarter, Preqin said.
BlackRock returns to India, joining forces with Indian tycoon Mukesh Ambani’s financial arm
BlackRock, the world’s largest asset manager, has joined forces with Jio Financial Services —the financial services unit of Indian billionaire Mukesh Ambani.
Comcast beats expectations as higher prices offset slowing broadband growth
Comcast posted more losses from its streaming platform, Peacock.
McDonald’s earnings top estimates as mascot Grimace fuels U.S. sales
McDonald’s same-store sales grew 11.7%, driven in part by a strong showing in Europe and the chain’s Grimace promotion.
Oil giant Shell posts sharp drop in second-quarter profit on weaker commodity prices
British oil giant Shell on Thursday reported a sharp year-on-year drop in second-quarter profit on weaker fossil fuel prices.