Give Nvidia a bit of credit for knowing to get the bad news out early. It came in the form of a warning Monday morning that revenue for the fiscal second quarter ended July 31 would be about 17% below...
Tag: Business
Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading
In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images Novavax deep...
Allbirds (BIRD) reports Q2 2022 losses
A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds on Monday trimmed its financial forecas...
Stocks making biggest after hour moves: Novavax, Allbirds and more
A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020. Da...
Boeing Dreamliner deliveries to resume in the ‘coming days,’ FAA says
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Boeing will resume deliveries...
Axios to sell itself to Cox Enterprises for $525 million
Jim VandeHei, Co-Founder and CEO of Axios speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, May 3, 2022. Mike Blake | Reuters Axios is being acquired by Cox Enterpris...
Consumers are cutting back on restaurant spending, but CEOs say not all chains are affected
Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEO...
Netflix may be missing an opportunity in horror movies
A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images There’s a big mo...
Large Indiana employers Eli Lilly and Cummins speak out about the state’s new restrictive abortion law
An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters Drugmaker Eli Lilly, one of the biggest emplo...
STD clinics struggle with surge in patients amid outbreak
Dr. Emily Drwiega from the University of Illinois Health and Maggie Butler, a registered nurse, prepare monkeypox vaccines at the Test Positive Aware Network nonprofit clinic in Chicago, Illinois, Jul...
Starting A Business At 40
It was only after being in the business world for almost 20 years and being downsized that I was really able to contemplate becoming a real entrepreneur. getty I started a business after being in the ...
At 21 Years Old, World No. 1 Iga Swiatek Is Still Learning The Business Of Tennis
Iga Swiatek of Poland plays a forehand during French Open at Roland Garros on June 4, 2022 in Paris, … [+] France. (Photo by Adam Pretty/Getty Images) Getty Images With two major championship te...
‘I must humbly and honestly acknowledge that things are really bad’ — SoftBank CEO on $23 billion loss.
TOKYO (AP) — Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rate...
Here’s Why Businesses Are Having A Tumultuous Love-Hate Relationship With AI Ethics Boards
AI Ethics Advisory Boards are essential but also require focus and attention, else they can fall … [+] apart and be untoward for all concerned. getty Should a business establish an AI Ethics adv...
Before Crypto Lender Celsius Crashed, CEO Alex Mashinsky Was Known for Big Ideas and Battles
For some 30 years, Alex Mashinsky barreled into whatever was the hot technology of the time, promising revolutions in long-distance calling, airport rides and, most recently, crypto. He often left a t...
Shale Drillers Warn of Higher Costs as They Report Record Profits
Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase their spending. Oil prices hovering around $110 a barrel in the second quarter ...
GE Is Building the Electricity Grid of the Future. Here’s What We Found on a Tour.
Text size GE wants to be a player in the electricity grid of the future. That will benefit its coming Vernova business. Brandon Bell/Getty Images NISKAYUNA, N. Y–In General Electric ’s sprawling resea...
The Math Behind GE’s Breakup. It’s a Sum-of-the-Parts Party.
Once the mightiest of industrial conglomerates, General Electric is breaking into three pieces and it is time to value each of the businesses. That means doing a sum-of-the-parts, or SOTP, valuation. ...
U.S.-China Business Outlook: New Paths Forward
China’s BYD, the world’s largest maker of electric vehicles, operates an electric business factory … [+] in California. (Xinhua/Li Ying via Getty Images) Xinhua News Agency via Getty...
Berkshire Buys Buffett Successor’s Stake in Prized Utility Unit
Text size Photo by CHANDAN KHANNA/AFP via Getty Images Berkshire Hathaway bought a 1% stake held by Vice Chairman Greg Abel in the company’s big electric utility business for $870 million in cash, hig...
Buffett’s Berkshire Hathaway reports $44 billion loss as portfolio value falls
Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted and he bought significantly fewer stocks, but Berkshire Hathaway’s many op...
Berkshire Hathaway’s Earnings Fall, Hurt by Market Volatility
Berkshire Hathaway earnings slid in the second quarter as market turmoil weighed on the company’s massive stock portfolio. The Omaha, Neb.-based company, which owns businesses ranging from insurer Gei...
Higher prices, skimpier portions, apps — fast-food deals are changing
Fast-food chains are playing up the value of their burgers, pizzas and tacos as inflation squeezes budgets — but expect higher prices, skimpier portions and more deals enticing people to sign up for r...
Floor & Decor Has A Proven Formula For Sustainable Business Growth
“We believe our competitive moat from people, product, price and access to inventory is strong, … [+] giving us added confidence in our ability to grow our market share even in a difficult macro...
SoftBank Is Ready to Slash Its Massive Stake in Alibaba. Here’s Why.
Text size SoftBank’s Masayoshi Son was a major early investor in Alibaba. Koki Nagahama/Getty Images SoftBank is positioned to sharply sell down its stake in Chinese tech giant Alibaba through a...
Coinbase Made ‘False and Misleading Statements’ About Its Business, Lawsuits Allege
Crypto exchange Coinbase has been hit with two separate class-action lawsuits on Thursday. Each allege the company made “false and misleading statements” regarding the nature of its operations. Each s...
How Blockchain and Smart Contract Development Help Your Business
HodlX Guest Post Submit Your Post Blockchain and smart contract development are changing the world as they are revolutionizing business practices. It is economically efficient and can easily stream...
Oracle Lays Off Hundreds of Employees
Oracle laid off hundreds of employees this week as the business software provider prioritizes its healthcare IT services and cloud businesses, according to people familiar with the company’s actions. ...