Intel Corp.’s disappointing forecast for the first quarter includes another anticipated double-digit decline in the company’s data-center business, as the chip maker has yet to capitalize on its AI opportunity.Since its third-quarter earnings, Intel’s stock INTC, +0.94% has surged about 50%, in part due to the potential of providing chips for artificial intelligence. One analyst said in November that Intel represented a potential “under-the-radar AI opportunity.” But on Thursday, its shares tumbled about 11 ...

Autonomous-vehicle company Cruise confirmed Thursday that the U.S. Justice Department and the Securities and Exchange Commission are among agencies that have opened investigations into an October crash that critically injured a pedestrian in San Francisco. In a blog post, Cruise, the self-driving unit of General Motors Co. GM, +1.33%, released results of an independent investigation into the Oct. 3 incident, in which a Cruise driverless car hit a pedestrian who had already been struck by another car. Aft ...

Visa Inc. shares were dipping in after-market trading Thursday, though the payments giant beat with its latest earnings during a period of “resilient” spending.The company generated fiscal first-quarter net income of $4.9 billion, or $2.39 a share, compared with net income of $4.2 billion, or $1.99 a share, in the year-prior period. After adjustments, Visa V, +0.35% earned $2.41 a share, beating the FactSet consensus view, which was for $2.34 a share. Revenue rose to $8.63 billion from $7.94 billion, wherea ...

Could your next restaurant meal come with a side order of legalese?That’s the thought some might be having in light of the news a Toronto hotel asked a customer who ordered a burger cooked medium to sign a waiver relieving the establishment of any liability claims related to food-borne illnesses.The customer recently shared the story on Reddit and it quickly went viral. On Reddit alone, the post has received more than 200 comments, with many expressing some strongly negative views about the situation. “I do ...

“As consumers start to shy away from EVs, their choice will affect not just the car industry, but U.S.-China relations, state budgets and commodity prices.”In the early 1990s, every self-respecting American yuppie and retired suburban couple bought an electric bread maker, with sales hitting 4 million units. But the fad soon faded as these amateur bakers discovered that stuffing a precise quantity and ratio of flour, eggs, butter, yeast and salt into a metal box takes time and costs much more than strolling ...

The stock market, as measured by the S&P 500 index SPX, has broken out strongly to the upside, trading at new intraday and closing highs. The breakout came on Jan. 19, over the 4,800 level. That now represents support, and that support extends down to 4,680. There is no classical resistance, because the S&P 500 is trading at new all-time highs, but it is now encountering its +4σ “modified Bollinger Band,” which might act as a restraint of sorts.The sideways movement between 4,680 and 4,800 that took place b ...

Over the past year, the biggest tech companies — from Microsoft Corp. to Nvidia Corp. to Alphabet Inc. — have dominated the AI conversation. Now, analysts say investors are overlooking AI’s potential for one of the oldest: International Business Machines Corp. That take from Wall Street arrived after IBM IBM, +9.90% on Wednesday said customer demand for AI was “accelerating” and forecast better-than-expected free cash flow for this year. Fourth-quarter profit for the company — which sells software, consulti ...

The Federal Trade Commission said Thursday it will look closely at the generative-artificial-intelligence investments and partnerships of Alphabet Inc. GOOGL, +1.74% GOOG, +1.80%, Amazon.com, Inc. AMZN, +0.27%, Anthropic PBC, Microsoft Corp. MSFT, +0.66% and OpenAI Inc. Microsoft owns 49% of OpenAI, while Alphabet has invested in Anthropic. “History shows that new technologies can create new markets and healthy competition. As companies race to develop and monetize AI, we must guard against tactics that ...

PayPal Holdings Inc. Chief Executive Alex Chriss says the problems with checkout that the online-payments pioneer set to solve years ago have “really been solved” now. It’s easy to pay with a credit card on the web, and the company faces plenty of competition in the digital-wallet world, including from Apple Inc.’s AAPL, +0.62% Apple Pay, which has been gaining steam lately. Competitive fears have weighed lately on shares of PayPal PYPL, -4.28%, which are off some 80% from their all-time high set in July 20 ...

Netflix Inc. has been firing on all cylinders, but analysts see little upside for the stock from here. That sets the stage for a screen of media companies, to see which ones are favored by analysts and which are expected to increase sales and profits most rapidly over the next two years.Shares of Netflix Inc. NFLX rose 11% on Wednesday, following the video-streaming pioneer’s report late Tuesday of a spike in quarterly profits from a year earlier, as revenue rose 12.5%. That last figure showed the effect of ...