by Jibran Munaf | October 31, 2024 | Technology
Microsoft’s extensive investment in artificial intelligence powerhouse OpenAI is expected to impact its bottom line this quarter, Chief Financial Officer Amy Hood disclosed on Wednesday’s earnings call. Hood indicated that Microsoft would see a $1.5 billion reduction...
by Jibran Munaf | October 31, 2024 | Corporate Finance, Technology
Samsung Electronics reported mixed third-quarter earnings on Thursday, with overall sales and operating profit slightly exceeding expectations. However, its chip division, a core profit driver, faced significant headwinds, posting a sharp 40% decline in operating...
by Jibran Munaf | October 31, 2024 | Commodities, Energy
Oil prices rose for the second consecutive session on Thursday as U.S. crude inventories posted a decline, and traders kept a close eye on geopolitical tensions in the Middle East. Brent crude neared $73 per barrel after a 2% gain on Wednesday, while West Texas...
by Jibran Munaf | October 31, 2024 | Retail
New Starbucks CEO Brian Niccol, just 51 days into his role, is taking swift action to address high prices, menu complexity, and service speed issues that have impacted the brand’s reputation. Visiting major markets such as New York, Dallas, and Chicago, Niccol is...
by Jennifer George | October 30, 2024 | Industry, News, Technology
Tuesday marked a promising day for Alphabet. Google’s parent company boasted $88.27 billion in revenue for the third quarter, surpassing the London Stock Exchange’s (LSEG) $86.30 billion expectation. According to Alphabet CEO Sundar Pichai, the...
by Jibran Munaf | October 30, 2024 | Automotive
China’s commerce ministry announced its strong opposition to the European Union’s recent tariff hikes on Chinese electric vehicles (EVs), which have been raised to as high as 45.3% as of Wednesday. The new tariffs, aimed at countering alleged subsidies for Chinese...
