Intel's stock dropped 9% after the chipmaker said it would slash foundry costs in its latest attempt to turnaround its struggling business.Concerns about where that leaves Intel's chip manufacturing business overshadowed a better-than-expected earnings report late Thursday. Intel beat on revenue and issued a sales forecast for the third quarter that also topped estimates. The company reported adjusted earnings of 10 cents per share, topping the average analyst estimate of a penny, according to LSEG.CEO Lip- ...

Core Insights - Volkswagen has lowered its full-year guidance and reported a significant decline in second-quarter profit due to the impact of U.S. tariffs and increased competition from Chinese car brands [1][2][4]. Financial Performance - The company posted an operating profit of 3.83 billion euros ($4.49 billion) for the second quarter, a decrease of 29% from 5.4 billion euros a year ago [1][2]. - Second-quarter sales revenue was reported at 80.8 billion euros, falling short of analyst expectations of 82.2 billion euros [2]. Market Challenges - The automotive sector is facing challenges from robust competition, particularly from Chinese brands, and the impact of U.S. President Trump's import tariffs of 25% [2][4]. - Volkswagen's CFO noted that the decline in operating results was partly due to higher sales of lower-margin all-electric models and restructuring measures [3]. Future Outlook - Volkswagen expects its full-year operating return on sales to be between 4% to 5%, down from a previous range of 5.5% to 6.5% [4]. - The company is particularly vulnerable to U.S. tariffs due to the globalization of supply chains and reliance on North American manufacturing [4].

The Paramount Global headquarters in New York, US, on Tuesday, Aug. 27, 2024.The Federal Communications Commission cleared the way Thursday for an $8 billion merger between Paramount and Skydance Media.The deal, which was announced more than a year ago, includes the CBS broadcast television network, Paramount Pictures and the Nickelodeon channel."Americans no longer trust the legacy national news media to report fully, accurately, and fairly," Brendan Carr, chairman of the Federal Communications Commission, ...

Elon Musk's satellite internet service Starlink said it had a "network outage" on Thursday. The company said it was working on a solution.There were more than 60,000 reports of an outage on Downdetector, a site that logs issues.Starlink is owned and operated by SpaceX, which is also run by Musk.Musk posted earlier Thursday that the company's direct-to-cell-phone service was "growing fast" following the announcement that T-Mobile's Starlink-powered satellite service was available to the public.T-Mobile said ...

Microsoft CEO Satya Nadella talks with Indonesia's Minister of Communication and Information Technology Budi Arie Setiadi, on the day of their meeting with Indonesian President Joko WIdodo, at the Presidential Palace in Jakarta, Indonesia, April 30, 2024.Microsoft has laid off over 15,000 people so far in 2025. The stress of the belt-tightening has gotten to CEO Satya Nadella."Before anything else, I want to speak to what's been weighing heavily on me, and what I know many of you are thinking about: the rec ...

Apple announces a new design language for its operating systems called "Liquid Glass" during the annual Apple "Worldwide Developers Conference" (WWDC) at Apple Park, the corporate headquarters of Apple Inc., in Cupertino, California on June 9, 2025.Apple released the public beta preview version of its next iPhone operating system, called iOS 26.This software release on Thursday means that members of the public with recent iPhones can preview how the device's interface will change in the fall when the softwa ...

Core Viewpoint - Nvidia has stated that datacenters built with smuggled chips are a "losing proposition" and does not support unauthorized products, responding to reports of illegal entry of its AI chips into China [1][2]. Group 1: Company Position - Nvidia emphasizes that attempting to create datacenters using smuggled products is both technically and economically unviable [2]. - The company provides service and support exclusively for authorized NVIDIA products, indicating a clear stance against unauthorized usage [2]. Group 2: Market Context - Reports indicate that at least $1 billion worth of Nvidia's AI chips have illegally entered China, particularly during the period when restrictions were imposed on shipments of its H20 chips [2]. - Nvidia's B200 chips, which are prohibited from being sold to China, have gained popularity on the black market despite the existing restrictions [3].

Versant signage on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, July 21, 2025.Comcast on Thursday announced the expected board members of its cable networks spinout, Versant. They come from backgrounds in media, technology, finance and other industries, according to Versant.Versant will be the parent company of what are now NBCUniversal's cable networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel. On the digital front, it is also set to house Fandang ...

Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024.Google is going to spend $10 billion more this year than it previously expected due to the growing demand for cloud services, which has created a backlog, executives said Wednesday.As part of its second quarter earnings, the company increased its forecast for capital expenditures in 2025 to $85 billion due to "strong and growing demand for our Cloud products and services ...

Core Insights - Southwest Airlines reported second-quarter earnings and revenue that did not meet Wall Street expectations, indicating a challenging financial environment for the airline [1][2] - The airline announced a new $2 billion share buyback, signaling confidence in its long-term value despite current performance [1] - Southwest Airlines withdrew its 2025 guidance due to economic uncertainty in the U.S., reflecting broader industry concerns [1] Financial Performance - Earnings per share for the second quarter were reported at 43 cents adjusted, falling short of the expected 51 cents [2] - Revenue for the quarter was $7.24 billion, slightly below the anticipated $7.3 billion [2] Operational Adjustments - The airline plans to cut flights during off-peak periods, a strategy aimed at optimizing operations in response to fluctuating demand [1]