AMD shares fall more than 7% on weak outlook

Lisa Su, president and chief executive officer of Advanced Micro Devices (AMD), holds a 3rd generation Ryzen desktop processor while speaking during a keynote session at the 2019 Consumer Electronics Show (CES) in Las Vegas, Jan. 9, 2019. David Paul Morris | Bloomberg | Getty Images AMD shares were down more than 7% on Friday … Read more

AMD Cuts Revenue Forecast Amid Worst Slump in PC Shipments in Years

Advanced Micro Devices Inc. AMD -0.13% cut its revenue forecast for the most recent quarter citing weaker-than-expected demand for the personal computers that use its chips. The chip maker, which sells central processing units for laptops and desktops alongside a large videogame graphics chip business, on Thursday said it expected about $5.6 billion of sales … Read more

Apple supplier Foxconn posts record September sales on iPhone 14 demand

Analysts have been debating the demand for Apple’s iPhone 14 models amid a backdrop of rampant inflation, rising interest rates and fears of a global recession. Getty Images Foxconn, a major supplier of Apple, warned Tuesday it is “cautiously positive” on the outlook for the fourth quarter after record September sales. The Taiwanese company’s comments … Read more

Intel files for Mobileye IPO, creating share structure that keeps it in control

After nearly a year’s wait, Mobileye is on the highway to Wall Street. Intel Corp. INTC, -2.31% -owned Mobileye Global Inc. launched its drive to an initial public offering in a Securities and Exchange Commission filing late Friday, leaving the size of the offering blank for now on what is expected to be one of … Read more

Intel files for Mobileye IPO, creating share structure that keeps it in control

After nearly a year’s wait, Mobileye is on the highway to Wall Street. Intel Corp. INTC, -2.31% -owned Mobileye Global Inc. launched its drive to an initial public offering in a Securities and Exchange Commission filing late Friday, leaving the size of the offering blank for now on what is expected to be one of … Read more

Carnival shares fall on ballooning costs, dragging cruise stocks lower

The brand new Carnival Cruise Line ship Mardi Gras, docked at Port Canaveral, Florida, on July 30, 2021. Joe Burbank | Orlando Sentinel | Tribune News Service | Getty Images Shares of Carnival fell below their pandemic lows Friday after the cruising company posted third-quarter earnings that revealed higher costs associated with inflation, supply chain … Read more

Nike’s results offer a clue about the strong dollar and the upcoming earnings season

How has the strong dollar impacted big multinational companies this quarter? Nike’s results after the bell on Thursday may offer a good preview of what’s to come as earnings season kicks into a high gear in mid-October. The sneaker and apparel giant saw a currency headwind of about 6 percentage points in its fiscal first … Read more

3 analysts upgrade Biogen after Alzheimer’s drug success, say big gains are ahead for the stock

Three analysts upgraded Biogen after the biotech company reported “best-case scenario” results from a late phase in a study of a potential Alzheimer’s drug. Biogen’s results from Phase 3 of the ABeta-targeting drug study prompted enthusiasm from BMO along with analysts from Baird and Mizuho, ​​who see the results as leading to FDA approval, government … Read more

China extends EV tax break; Li Auto shares fall after delivery outlook cut

Li Auto warned that “supply chain constraint” would mean the company will deliver fewer cars than expected in the third quarter. Meanwhile, China has extended a tax exemption for new energy vehicles until the end of 2023 as it looks to spur growth for electric cars. CFOTO | Future Publishing | Getty Images Shares of … Read more

Tumbling Markets Imperil Tech, the Dollar, and Private Equity

Text size Japan has had to intervene to support the sliding yen for the first time since 1998, even as it tries to keep its interest rates low. Akio Kon/Bloomberg The world has been hooked on cheap money for years. Now we’re witnessing what withdrawal looks like. Lifting interest rates from nil has produced a … Read more