Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Nokia on Thursday said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings. The Finnish telecommunications giant said that it will reduce […]
CNBC News
TSMC beats revenue and profit expectations for third quarter
A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Taiwan Semiconductor Manufacturing Company reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday as weak demand for consumer electronics persists. While that was the second straight […]
Nokia to cut up to 14,000 jobs after profit plunges
Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Nokia on Thursday said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings. The Finnish telecommunications giant said that it will reduce […]
‘Deep and dangerous abyss’: UN envoy warns Middle East is on the brink
People inspect the remains of a destroyed building following Israeli bombardment in Khan Yunis in the southern of Gaza Strip on October 18, 2023. Mahmud Hams | AFP | Getty Images The escalating conflict between Israel and Palestinian militants Hamas is pushing the Middle East region into the precipice of […]
He visited every country in the world — without flying. Here’s how much it cost
Danish traveler Torbjorn Pedersen says he is the first person to visit every country in the world — without flying. It’s a feat that took 10 years to accomplish — with average costs of around $20 a day, he said. “In some countries like Singapore, I have to spend more […]
Pfizer to price Covid drug Paxlovid at $1,390 per course
Paxlovid, Pfizer’s antiviral medication to treat the coronavirus disease, is displayed in this picture taken on Oct. 7, 2022. Wolfgang Rattay | Reuters Pfizer will price a five-day course of its Covid antiviral drug Paxlovid at $1,390 when the company starts to transition it to the commercial market later this […]
Tesla CEO Elon Musk sounds pessimistic note about economy on earnings call
Elon Musk, CEO of Tesla, speaks with CNBC on May 16, 2023. David A. Grogan | CNBC Tesla reported third-quarter results after the bell on Wednesday. Shares rose as much as 2.4% in after-hours trading after the report crossed, but then sank more than 5% after CEO Elon Musk cautioned […]
Anthropic’s AI chatbot Claude is posting lyrics to popular songs, lawsuit claims
Recording artist Katy Perry performs onstage during the Pepsi Super Bowl XLIX Halftime Show at University of Phoenix Stadium, now known as State Farm Stadium, in Glendale, Arizona, on Feb. 1, 2015. Kevin Mazur | WireImage | Getty Images Universal Music has sued artificial intelligence startup Anthropic over “systematic and […]
Disney gives investors a look at ESPN financials, including recent revenue declines
SportsCenter at ESPN Headquarters. The Washington Post | The Washington Post | Getty Images The reorganization of Disney‘s business is giving investors a glimpse at ESPN’s financials for the first time. The inside look – which shows ESPN’s revenue has been decreasing in recent quarters – comes as the parent […]
SpaceX, Blue Origin, Virgin Galactic executives urge senators to improve the FAA
A SpaceX Falcon Heavy rocket with the Psyche spacecraft launches from NASA’s Kennedy Space Center in Cape Canaveral, Florida, on October 13, 2023. Chandan Khanna | AFP | Getty Images With the pace of rocket launches accelerating, and competition from China rising, executives from top U.S. space companies on Wednesday […]