April 27 (Reuters) – Chipmaker Intel Corp (INTC.O) forecast second-quarter revenue above Wall Street estimates on Thursday, a sign that chip demand was recovering after a downturn wrought by excess supply and a post-pandemic slump in the personal computer market. Shares of the company rose 2% in extended trading, having gained more than 10% so… Continue reading Intel forecasts second-quarter revenue above estimates
Category: Uncategorized
Snap misses revenue expectations, warns of Q2 decline
April 27 (Reuters) – Snap Inc (SNAP.N) on Thursday missed analyst expectations for quarterly revenue as recent changes to its advertising platform hurt demand for ads, and it also warned the next quarter could be below Wall Street’s targets. Shares of Snap dropped 19% in after-market trading. The Santa Monica, California-based company, which owns photo… Continue reading Snap misses revenue expectations, warns of Q2 decline
T-Mobile misses estimates for quarterly revenue, wireless subscriber additions
April 27 (Reuters) – Wireless carrier T-Mobile US Inc (TMUS.O) missed Wall Street estimates for first-quarter revenue and monthly bill-paying phone subscriber additions on Thursday, weighed down by intense competition and consumers postponing upgrades to their plans. High inflation and macro economic challenges have forced consumers to cut back spending even as rivals undercut each… Continue reading T-Mobile misses estimates for quarterly revenue, wireless subscriber additions
article with gallery
WASHINGTON, April 27 (Reuters) – Federal Trade Commission Chair Lina Khan met with the heads of other antitrust enforcers, including Britain’s, last week but no mergers were discussed, according to an FTC official who spoke amid allegations the FTC and UK are working together to block Microsoft’s bid for Activision. On Wednesday, Britain’s Competition and… Continue reading article with gallery
Special Report: How a fake ID let Hyundai suppliers use child labor in Alabama
MONTGOMERY, Alabama, April 27 (Reuters) – On Nov 22, a team of state and federal labor officials conducted a surprise inspection and noticed a young-looking worker at a warehouse operated here by the logistics unit of Korean automaking giant Hyundai Motor Group. The inspectors, according to an Alabama Department of Labor field report reviewed by… Continue reading Special Report: How a fake ID let Hyundai suppliers use child labor in Alabama
Worldcategory
Iran seizes oil tanker in Gulf, U.S. Navy saysWorldcategory · April 27, 2023 · 3:47 PM UTC · undefined ago Iran seized a Marshall Islands-flagged oil tanker in the Gulf of Oman in international waters on Thursday, the U.S. Navy said, the latest in a series of seizures or attacks on commercial vessels in sensitive… Continue reading Worldcategory
Toyota edges past 9.1 million vehicle output goal, warns chip shortage lingering
TOKYO, April 27 (Reuters) – Japan’s Toyota Motor Corp (7203.T) set a global annual output record in the business year ended in March, just edging past its target of 9.1 million vehicles as factory disruption from global chip supply woes and pandemic lockdowns eased. But the world’s biggest automaker by sales warned it continued to… Continue reading Toyota edges past 9.1 million vehicle output goal, warns chip shortage lingering
ADAS, AV & Safetycategory
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
Untitled
SummaryCompaniesMeta set to add nearly $60 billion to market valueAt least 27 analysts raise price target after Q1 earnings reportMeta’s results also lift shares in Snap, Pinterest April 27 (Reuters) – Meta Platforms Inc’s (META.O) shares rose 11% on Thursday after the Facebook owner dazzled Wall Street with an earnings report that showed progress towards… Continue reading Untitled
Technology Category
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source