Nvidia stock will replace Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday.Intel had held the position for 25 years, and the shift represents a shake-up among the tech titans.Business Insider's Emma Cosgrove explains why the move matters for the broader AI ecosystem. 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 yo ...

Nvidia is joining the Dow Jones Industrial Average, the S&P Dow Jones Indices said on Friday, replacing its rival Intel, which held the position for 25 years.Advertisement The news follows a series of setbacks for Intel, the storied, nearly six-decade-old chipmaker. As Nvidia's stock market value surpassed $3 trillion this year, Intel shares fell by more than half in 2024.Nvidia shares were up 3% in after-market trading. This story is developing. Check back for more information. ...

Comcast's Mike Cavanagh said the company will explore ditching its cable networks.The company may also look to partner Peacock with a rival streaming service.Wall Street analysts shared their takes on those potential moves, and why they might not make sense. 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 ...

Group 1 - Wendy's will close 140 "outdated" stores this year, ahead of the previously expected 100 closures, which will leave its growth count flat for 2024 [2][3] - The closures are part of a strategy to replace underperforming locations with new restaurants in better areas, aiming for improved sales and profitability [4] - The company has opened over 500 locations in the last two years, indicating a focus on expansion despite the closures [3] Group 2 - Wendy's is nearing completion of a redesign that includes new technology and drive-thru improvements, with nearly 90% of restaurants updated [5] - The redesign is expected to enhance employee efficiency, simplify delivery orders, and improve customer satisfaction, leading to higher sales and profitability [5] - The new design is reported to cost nearly 10% less to build and is more economical for franchisees to operate, featuring efficient lighting and redesigned kitchens [5]

Apple missed sales estimates in Greater China last quarter.Greater China is a key market for Apple, with new AI features expected to roll out in April.Wedbush analysts said Apple may partner with Chinese tech firms like Baidu to bring AI to China. 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 ...

Amazon's customers are buying cheap products, the retailer's top execs said in its Thursday earnings call.Those products are being purchased frequently and in larger amounts, the execs added.Amazon reported a strong third quarter, beating Q3 earnings expectations. 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 persona ...

Amazon CEO Andy Jassy said AWS gives the company a leg up in the AI race.Jassy said AWS has shown that Amazon can handle the logistics for scaling AI.Amazon's Q3 earnings beat expectations, with its stock rising 6% after hours. 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 the go. ...

Boeing union workers have been on strike for nearly 7 weeks due to a dispute on wage increases.The planemaker proposed a sweetened deal that includes a 38% pay increase over 4 years, the union said.The union said it is recommending workers to approve the deal on Monday. 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 ...

Jassy emphasized aggressive investment in AI during a call with analysts.Amazon plans $75 billion in capex, and even more in 2025, mostly for cloud services.Amazon's AI services are rapidly growing, with significant demand for AWS's AI chips. 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'r ...

Core Insights - Ford is pausing production of its F-150 Lightning electric pickup truck for seven weeks due to ongoing struggles to achieve profitability in its electric vehicle segment [1][3] - The company is implementing cost-cutting measures, including reducing manager bonuses to 65% of last year's levels [2][3] - Ford's electric vehicle division, Model e, reported a loss of $1.2 billion in the third quarter, prompting a revision of the full-year earnings outlook to "about $10 billion" [5] Production and Financial Adjustments - The F-150 Lightning factory in Metro Detroit will idle starting November 15, including planned holiday downtime, and is currently operating on a single shift [3] - Ford's financial performance has been negatively impacted by quality issues and rising costs, including an $800 million warranty charge in Q2 [3][4] - The company has reduced its spending on electric vehicles from 40% to 30% of capital expenditures [4] Strategic Changes - Ford has canceled plans for electric three-row SUVs and delayed the production of its next electric pickup truck as part of its strategic adjustments [5] - The company aims to lower costs, improve quality, and enhance capital efficiency to become a more resilient business [4]