Uncategorized – Page 120 – I wish I had more to offer

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July 25 (Reuters) – Intel Corp (INTC.O) on Tuesday said that it will work with Swedish telecommunications gear maker Ericsson (ERICb.ST) to make a custom chip for Ericsson’s 5G networking gear, using the most advanced manufacturing technology Intel has disclosed. Intel has lost its lead in manufacturing the smallest and most power-efficient semiconductors to rivals… Continue reading Untitled

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July 25 (Reuters) – Google-parent Alphabet’s (GOOGL.O) second-quarter revenue exceeded Wall Street expectations on Tuesday, helped by steady demand for its cloud services and a rebound in advertising. Revenue for the quarter ended June 30 stood at $74.6 billion, compared with estimates of $72.82 billion, according to Refinitiv data. Reporting by Akash Sriram in Bengaluru;… Continue reading Untitled

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Microsoft beats quarterly revenue estimates

July 25 (Reuters) – Microsoft (MSFT.O) on Tuesday beat Wall Street estimates for its fiscal fourth-quarter sales and profits, driven by growth in its cloud computing and office software businesses. Revenue rose to $56.2 billion in the quarter ended June, compared with analysts’ consensus estimate of $55.5 billion, according to Refinitiv. Net income was $2.69… Continue reading Microsoft beats quarterly revenue estimates

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[1/4]WorldCoin’s iris-scanning device is seen at a sign-up site in Shoreditch, East London, Britain July 24, 2023. REUTERS/Elizabeth Howcroft LONDON/TOKYO/BENGALURU, July 25 (Reuters) – People around the world are getting their eyeballs scanned in exchange for a digital ID and the promise of free cryptocurrency, shrugging off concerns among privacy campaigners and data regulators. Founded… Continue reading article with gallery

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July 25 (Reuters) – Chinese short-video app TikTok is allowing users to create text-only posts, in the latest attempt by a social media firm to capitalize on the turmoil at Twitter since its buyout by Elon Musk last year. The move, announced on Monday, would allow TikTok users to choose from a variety of backgrounds… Continue reading Untitled

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GM puts profit ahead of growth, veering away from Tesla

DETROIT, July 25 (Reuters) – General Motors (GM.N) lifted its full-year profit guidance on Tuesday, in large part because it plans to invest less in new products and cut operating costs by an additional $1 billion through the end of next year. GM said net income for the second quarter rose by nearly 52% to… Continue reading GM puts profit ahead of growth, veering away from Tesla

RV industry steers through post-pandemic US slump

July 25 (Reuters) – The U.S. economy may ultimately skirt a recession, but it’s felt like one for months at Jon Ferrando’s 103 RV dealerships. Retail sales of recreational vehicles are on track to be the lowest since 2015, said Ferrando, CEO and president of Fort Lauderdale, Florida-based Blue Compass RV, which operates in 33… Continue reading RV industry steers through post-pandemic US slump

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July 25 (Reuters) – The U.S. semiconductor industry faces a shortfall of roughly 67,000 workers by 2030, according to an industry association study published on Tuesday. The chip industry’s workforce is projected to grow to 460,000 by the end of the decade, up from roughly 345,000 this year. But at the current rate that people… Continue reading Untitled