The US Supreme Court heard Nvidia's arguments against a class action securities fraud lawsuit.Nvidia is accused of misleading shareholders about cryptocurrency mining-related sales.The company's lawyers argue plaintiffs have not met pleading standards set by a 1995 law. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a p ...

Intel is struggling to gain market share in the semiconductor industry. Intel becoming a globally competitive US chip manufacturer is vital for the US economy. Intel executives say the company is in the process of executing a turnaround plan. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personal ...

Group 1 - Ford is reducing work hours for its employees at the Cologne plant due to lower than expected demand for electric vehicles [1][2][3] - The company has over 4,000 employees at the Cologne facility and has applied for a temporary part-time work scheme under Germany's Kurzarbeit program [4][3] - The Kurzarbeit program allows employers to reduce work hours instead of laying off employees, with the government covering 60% of the pay for hours not worked [4] Group 2 - The electric vehicle industry is currently facing challenges, prompting Ford and other manufacturers to focus on hybrid vehicles to meet market demand [5] - In August, Ford announced the cancellation of plans for delayed electric SUVs and the postponement of its next electric pickup truck, opting to replace them with hybrid models [6] - Ford reported third-quarter revenue of $46 billion and a net income of $0.9 billion, a decrease of $0.3 billion from the previous year [7]

Apple reportedly plans to launch an AI-powered wall-mounted tablet as early as March. The device, code-named J490, aims to compete in the smart home market, Bloomberg reported. It could feature Apple Intelligence, FaceTime, and control home appliances. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in ...

Home Depot said retail theft continues to be a challenge.CFO Richard McPhail said the operating environment is "getting harder and harder."However, the executive said investments to combat shoplifting and organized theft "are paying off." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...

Core Insights - SoftBank reported a quarterly profit of $7.7 billion, a significant turnaround from a loss of $6 billion in the same period last year [3][4] - The company's success is attributed to gains in its tech investments, particularly in AI and public listings [2][7] Financial Performance - The profit of 1.18 trillion yen ($7.7 billion) marks a substantial recovery for SoftBank, which faced a loss of 931.1 billion yen ($6 billion) last year [3] - Vision Fund 1, a $98.6 billion investment vehicle, generated $3 billion in gains during the second quarter, benefiting from strong performances in its public portfolio [4][5] Investment Strategy - SoftBank's Vision Fund 2 made a $500 million investment in OpenAI and reported a $900 million gain in the quarter, driven by growth in companies like Revolut, which is now valued at $45 billion [5][6] - The company is preparing for a significant investment spree in AI, aiming for "artificial superintelligence" within a decade [7] Market Conditions - The CFO of Vision Funds noted that "macro tailwinds," including US interest rate cuts and stimulus measures in China, have positively impacted its public portfolio [5][6] - SoftBank sees potential for future IPO gains, with a late-stage portfolio valued at approximately $34 billion, including companies like ByteDance and PayPay [6]

Core Insights - AWS is negotiating a potential $475 million AI cloud deal with IBM to provide access to Nvidia GPUs through its cloud service [1][3][5] - Amazon's AI business is experiencing significant growth, with annual growth rates in "triple digit percentages" [1][6] - AWS reported $27.5 billion in revenue for the most recent quarter, reflecting a 19% increase year-over-year [7] AWS and IBM Partnership - The potential deal would expand the existing partnership between AWS and IBM, particularly in the AI sector [5] - IBM has already begun using AWS's EC2 servers equipped with Nvidia chips for training AI models [3][4] Demand for Nvidia GPUs - The negotiations underscore the ongoing demand for Nvidia GPUs, which are critical for AI training [6] - AWS has developed its own AI chips, Trainium and Inferentia, and is promoting these alternatives to cloud customers [6] Financial Outlook - Amazon is projected to invest over $75 billion in capital expenditures this year, primarily focused on cloud infrastructure [7] - AWS's AI business is on track to generate "multi-billion dollars" in revenue this year, growing at a faster rate than AWS's previous growth trajectory [6]

Costco has recalled 79,200 pounds of butter for failing to note it contained milk.The FDA classified the recall as Class II, indicating potential temporary health risks.The butter was produced by Continental Dairy Facilities Southwest and distributed in Texas. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalize ...

Boeing secured its first order since the end of a seven-week strike.Avia Solutions Group, which leases planes to airlines, ordered 80 Boeing 737 Max jets.There's still a difficult road ahead for the embattled planemaker to up production and improve quality. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized f ...

Core Insights - Starbucks is facing challenges with slumping sales and decreased customer traffic, prompting new CEO Brian Niccol to implement a back-to-basics strategy [2][5] - Former CEO Howard Schultz expressed confidence in Niccol's ability to revitalize the company, while stating he will not return to the CEO role [3][6] Company Strategy - Niccol's strategy aims to restore Starbucks' core identity and enhance customer experience, including the reintroduction of the condiment bar and personalized service with hand-written names on cups [5][6] - The company's Q4 earnings call revealed a 3% decline in revenue compared to the previous year, indicating ongoing struggles to attract customers [5] Leadership Transition - Brian Niccol took over as CEO in September, succeeding Howard Schultz, who has been pivotal in Starbucks' growth from 11 stores to 35,000 locations globally [4] - Schultz, who has served multiple terms as CEO, has stated he will not return to the position, allowing Niccol to lead the company forward [6]