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A Kroger exec reportedly testified that the supermarket giant raised prices of milk and eggs beyond inflation costs
Business Insider· 2024-08-29 15:25
A Kroger executive reportedly testified that the company raised milk and egg prices beyond inflation.The testimony comes amid a legal battle over Kroger's proposed $24.6 billion merger with Albertsons.The FTC is fighting to block the merger, arguing it would result in higher grocery prices for millions. 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! ...
Nvidia is still on fire — but its trajectory is looking a bit more like Apple
Business Insider· 2024-08-29 13:17
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThis summer, investors have been fretting about the future of Nvidia.The value of the tech giant at the cen ...
Nvidia CEO Jensen Huang defends Blackwell design problems in post-earnings interview, promising 'billions' in Q4 revenues
Business Insider· 2024-08-29 01:17
Nvidia CEO Jensen Huang defended production problems in a post-earnings call interview with Bloomberg TV.The tech company beat revenue estimates but acknowledged production issues with its Blackwell chip.Huang told Bloomberg demand for Blackwell is high and will net "billions" in revenue by Q4. 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 just showed how hard it is to be the AI king
Business Insider· 2024-08-29 01:11
Nvidia posted strong second-quarter numbers, more than doubling revenue during the same period last year.But the numbers were largely expected as tech companies continue to invest in AI.Sky-high expectations are working against Nvidia, experts told BI. 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 w ...
Boeing is still disappointing us, says CEO of Europe's biggest airline
Business Insider· 2024-08-28 10:06
Ryanair's Michael O'Leary criticized Boeing for ongoing delivery delays of 737 Max aircraft.Boeing slowed production rates in the wake of January's Alaska Airlines blowout.O'Leary also doubted certification timelines for Boeing's 737 Max 7 and Max 10. 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 wh ...
Apple earnings: What investors should know about recent revenues, profits
Business Insider· 2024-08-27 21:16
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up!Thanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple, the tech powerhouse behind ...
Meta leans away from augmented-reality creators as it plans to shut down its AR studio
Business Insider· 2024-08-27 14:30
Meta said it's shutting down its augmented-reality studio Spark early next year.The feature allows AR developers to make custom effects for apps like Instagram and Facebook.AR effects have become a mainstay of the short-video era, driving trends on TikTok and Snapchat. 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 pe ...
Eli Lilly just halved the price of its weight-loss drug — declaring war on the booming market of knock-offs
Business Insider· 2024-08-27 14:11
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewOne of the biggest weight-loss drugs on the market will ...
DirecTV is on the warpath against Disney in a battle it says is existential for cable TV
Business Insider· 2024-08-27 13:14
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe sports-media world got a serious shock in mid-August, as a judge stopped the launch of Venu Sports, a s ...
Edgar Bronfman drops Paramount bid
Business Insider· 2024-08-27 01:43
Core Viewpoint - Edgar Bronfman Jr. has withdrawn his bid to acquire Paramount, facilitating the sale of the media company to Skydance Media led by David Ellison [1][2][3] Group 1 - Bronfman, the former CEO of Warner Music Group, informed Paramount of his decision to exit the bidding process just before the merger deadline [3] - The withdrawal of Bronfman's bid removes obstacles for Paramount's sale to Skydance Media, which is now likely to proceed smoothly [1][2] - Bronfman made a last-minute offer prior to the scheduled closing of Paramount's merger with Skydance Media [3]