Today: September 19, 2024
Today: September 19, 2024

Latest From Deborah Mary Sophia

Business|Technology

Apple shares slip as shorter iPhone 16 shipping times signal soft demand

Shares of Apple fell nearly 3% on Monday after some analysts said delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due

Apple shares slip as shorter iPhone 16 shipping times signal soft demand
Business|Technology

Adobe to launch generative AI video creation tool later this year

Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year, the software maker said on Wednesday, as it looks

Adobe to launch generative AI video creation tool later this year
Business|Finance|Stock Markets|Technology

Nvidia, chip stocks waver after previous day's sell-off

Nvidia's shares recouped earlier losses to trade higher on Wednesday, propping up chip firms after a bruising sell-off in the prior session, in a sign that AI

Nvidia, chip stocks waver after previous day's sell-off
Business|Entertainment

Paramount shares rise as steady streaming growth eclipses TV unit writedown

Paramount Global's shares rose as much as 6% in early trade on Friday as investors cheered strong growth at the media group's streaming business, even as the company

Paramount shares rise as steady streaming growth eclipses TV unit writedown
Business|Economy|Technology

Mobileye slashes annual forecasts on sluggish demand; shares tank

Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered

Mobileye slashes annual forecasts on sluggish demand; shares tank
Business|Finance|Technology

Mobileye slashes annual forecasts on uncertain demand; shares fall

Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered

Mobileye slashes annual forecasts on uncertain demand; shares fall
Business|Technology

Amazon set to join Big Tech's spending surge as AI race heats up

Amazon.com is expected to join Google and Microsoft on Thursday in reporting a surge in capital spending on artificial intelligence as Big Tech companies rush to

Amazon set to join Big Tech's spending surge as AI race heats up
Business

Home Depot 2024 forecast in focus as investors pin hopes on sales recovery

Home Depot's annual forecast will be the prime focus for investors when the U.S. home improvement bellwether reports fourth-quarter results on Tuesday, as they scour

Home Depot 2024 forecast in focus as investors pin hopes on sales recovery
Business

Bleach maker Clorox lifts annual sales, profit forecasts on faster inventory recovery

Clorox raised its annual targets on Thursday, after handily beating quarterly earnings expectations, as the bleach maker replenished inventory at a faster pace after

Bleach maker Clorox lifts annual sales, profit forecasts on faster inventory recovery
Business

Nike cuts sales view on choppy demand, outlines $2 billion savings plan

Nike on Thursday trimmed its annual sales forecast blaming cautious consumer spending, a weaker online business and more promotions, and said it plans to cut

Nike cuts sales view on choppy demand, outlines $2 billion savings plan
Business

McDonald's plans to add about 10,000 new stores by 2027, double loyalty program sales

McDonald's is planning to open about 10,000 restaurants globally by 2027 and more than double revenue from its loyalty program, the company said on Wednesday, as it

McDonald's plans to add about 10,000 new stores by 2027, double loyalty program sales
Business

US Thanksgiving weekend sales hit record on big discounts, online boost

Deep discounts on everything from beauty products and toys to electronics during the Thanksgiving weekend enticed U.S. shoppers to splurge about $38 billion online,

US Thanksgiving weekend sales hit record on big discounts, online boost
Business

Home Depot, Lowe's may signal more pain from muted consumer spending, housing demand

Wall Street is bracing for another quarter of weak sales from U.S. home improvement chains Home Depot and Lowe's as demand remained under pressure from uneven

Home Depot, Lowe's may signal more pain from muted consumer spending, housing demand
Business

McDonald's gets sales lift from cheaper menu, new launches

McDonald's beat Wall Street estimates for quarterly results on Monday, powered by new launches, promotions and demand for its more affordable burgers and fries from

McDonald's gets sales lift from cheaper menu, new launches
Business

Weight-loss drug worries add to US restaurants' weak traffic woes

Investors will look for signs that U.S. fast-food chains, already contending with inflation-stung consumers preferring to dine at home, will also have to grapple

Weight-loss drug worries add to US restaurants' weak traffic woes
Business|Economy

Ford's Lawler to hand over CFO role to ex-Lucid executive, transition to vice chair

Ford Motor said on Friday that John Lawler would hand over his role as finance chief to ex-Lucid Motors CFO Sherry House in early 2025 as he transitions to vice chair

Ford's Lawler to hand over CFO role to ex-Lucid executive, transition to vice chair
Business|Economy

Caterpillar, Deere inventories in focus as machinery demand plateaus

Equipment inventories will be in focus when Caterpillar, Deere and CNH Industrial report quarterly results in the coming weeks, as investors await clues on demand in

Caterpillar, Deere inventories in focus as machinery demand plateaus
Business|Economy|News

Caterpillar shares slump on sales warning as machinery demand cools

Caterpillar on Thursday warned of a sales drop in the current quarter as volumes take a hit from dealers tightening equipment inventories, sparking worries that a

Caterpillar shares slump on sales warning as machinery demand cools

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