Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters AMD reported fourth-quarter earnings Tuesday that were in line with analyst expectations. And while the semiconductor company’s […]
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Elon Musk’s $56 billion Tesla compensation voided by judge, shares slide
Elon Musk — the CEO of Tesla and SpaceX and owner of X, formerly Twitter — speaks during the New York Times annual DealBook summit in New York City, Nov. 29, 2023. Michael M. Santiago | Getty Images A Delaware judge on Tuesday voided the $56 billion pay package of […]
Starbucks earnings disappoint as U.S. boycott, ‘cautious’ China weaken sales
A Starbucks coffee cup sits on a table at one of the coffee chain’s locations in Miami, Florida, on June 11, 2021. Joe Raedle | Getty Images News | Getty Images Starbucks on Tuesday reported quarterly earnings and revenue that missed Wall Street’s expectations as both domestic and international sales […]
Walmart announces 3-for-1 stock split as shares hover below all-time high
A worker carries bananas inside the Walmart Supercenter in North Bergen, New Jersey. Eduardo Munoz Alvarez | AP Walmart announced a three-for-one stock split on Tuesday as the retailer’s shares sit just below their all-time high. The company said the additional shares will be payable after the market closes Feb. […]
PayPal will cut about 2,500 jobs, or 9% of global workforce
PayPal will cut 9% of its global workforce, or about 2,500 jobs, CEO Alex Chriss wrote Tuesday in an internal letter to employees, which was viewed by CNBC. The cuts will affect both existing roles and job listings that PayPal had planned to hire for, and will take place over […]
Alphabet shares slide on disappointing Google ad revenue
Alphabet CEO Sundar Pichai walks to lunch at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 12, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet shares slid more than 4% in extended trading on Tuesday after the company reported ad revenue that […]
Microsoft beats estimates as Azure grows faster than expected
Microsoft CEO Satya Nadella, left, departs from federal court in Washington, D.C., on Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images Microsoft shares were down 1% in extended trading on Tuesday after the software maker issued fiscal second-quarter results that outdid analysts’ estimates. Here’s how the company performed, […]
A change to this one clause could be the most important part of the Fed meeting
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., on Dec. 13, 2023. Liu Jie | Xinhua News Agency | Getty Images Immediately after the Federal Reserve wraps up its meeting this week, all eyes are likely to gravitate to one small piece of wording that […]
‘Positive’ labor market data can still feel awful for workers, job seekers. Here’s why
Hiraman | E+ | Getty Images It wasn’t so long ago that workers had the power to “quiet quit” or join the great resignation. That is no longer quite so easy. Some laid-off employees report they are having a hard time in their job search or making it through hiring […]
Oil prices rise as IMF boosts growth forecast, market braces for U.S. response to drone attack
Oil prices rose Tuesday after the International Monetary Fund boosted its global growth forecast for the year and as the market waited to see how the U.S. will respond to a deadly drone attack on its forces in the Middle East The West Texas Intermediate contract for March gained $1.04, […]