JPMorgan is ramping up its hiring of investment-banking analysts and associates, BI has learned.This comes after the bank set new limits on work hours for juniors and saw a 31% jump in deal fees.The fourth quarter is usually a slow period of hiring for investment banks. 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 ...

Tesla reported blowout earnings this week, but its biggest growth driver wasn't cars or robots.Its energy business grew by over 50% year over year, earning Tesla over $7 billion in revenue so far in 2024.Elon Musk said on Tesla's earnings call that the energy unit is "growing like wildfire." 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 ...

Microsoft CEO Satya Nadella's pay rose 63% to $79.1 million for the year to June 30.The tech leader requested a lower cash incentive than planned after several cybersecurity breaches.Microsoft stock has soared as investors bet it'll be a big winner from the AI boom. 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 perso ...

Robert Isom, CEO of American Airlines, said the company has been struggling with Boeing for years."I look forward to the day when they're not just a distraction," he told CNBC.He said he hoped that Boeing would be able to "deliver quality aircraft on time." 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 Viewpoint - TSMC has halted shipments to a client after its chips were discovered in Huawei products, raising concerns about compliance with US export controls and the existence of a "shadow network" for chip supply [1][4][6]. TSMC's Actions - TSMC stopped all shipments to Huawei after September 15, 2020, and has communicated with the US Commerce Department regarding the situation [5][6]. - The company claims to be law-abiding and committed to complying with all applicable rules and regulations, including export controls [6]. Regulatory Context - TSMC and other chipmakers are prohibited from doing business with Huawei without US government approval due to sanctions aimed at limiting Huawei's technological capabilities, particularly in 5G and AI [4][10]. - The US Commerce Department is aware of reports alleging potential violations of export controls and is investigating TSMC's compliance [10]. Industry Implications - The incident raises questions about supply chain transparency and could lead to increased scrutiny of export controls and supply chains for companies involved in sensitive technology [4][8][9]. - Analysts express concern that if TSMC is found to have breached export controls, it could face penalties affecting its access to US technology, impacting major clients like Apple and Nvidia [9]. Shadow Network Concerns - The situation highlights the potential existence of a "shadow network" through which Huawei may be obtaining advanced chips despite being blacklisted since 2020 [6][11]. - Researchers emphasize the need for better understanding of Huawei's network to improve due diligence and prevent similar issues for other chip manufacturers [6][7].

Boeing reported a huge loss, and its striking union rejected a fresh contract offer on Wednesday.CEO Kelly Ortberg has vowed to turn around the company and laid out a four-point plan.Analysts are optimistic that Boeing can increase production and move forward. 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 has recorded another $250 million loss on its Starliner program.New CEO Kelly Ortberg said Boeing will not walk away from its loss-making contracts.Boeing has lost $1.85 billion on the Starliner program to date. 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. Email a ...

Tesla's Q3 earnings beat expectations, boosting stock after the Robotaxi announcement's disappointment.Strong margins and an uptick in 2024 sales growth buoyed investors' take on Tesla.Analysts said they're looking at fundamentals of Tesla's car business. 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 fee ...

Boeing workers just rejected a proposal with a 35% wage increase over four years.The strike has halted most of Boeing's manufacturing for over five weeks.Boeing's earnings missed analyst expectations by over 18% amid the ongoing strike. 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 t ...

Apple is cutting Vision Pro production, possibly halting it by year-end, The Information reported.Demand for the $3,500 devices has been weak, said analyst William Kerwin.Apple may be developing a cheaper, smaller headset to boost consumer interest. 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 whil ...