Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. Michael Short | Bloomberg | Getty Images Shares of Alphabet rose nearly 5.5% at the start of trading Wednesday, driven by stronger-than-expected second-quarter earnings […]
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Gap taps top Mattel executive to be its new CEO
Richard Dickson, CEO of Gap Inc. Courtesy: Gap Inc. Gap announced Wednesday it’s poached a top Mattel executive to be its new CEO as the apparel giant seeks to reverse an ongoing sales slump and regain its relevancy in the fashion industry. Richard Dickson, the president and chief operating officer […]
Meta, Microsoft and Amazon team up on maps project to crack Apple-Google duopoly
Google Maps app can be seen on a mobile phone. Nasir Kachroo | NurPhoto | Getty Images Google and Apple dominate the market for online maps, charging mobile app developers for access to their mapping services. The other mega-cap tech companies are joining together to help create another option. A […]
Boeing’s quarterly results top expectations as airplane deliveries pick up pace
An employee walks past a Boeing 737 Max aircraft seen parked at the Renton Municipal Airport in Renton, Washington, January 10, 2020. Lindsey Wasson | Reuters Boeing‘s second-quarter results topped analyst expectations thanks to a pickup in commercial aircraft deliveries as the manufacturer increases production. The company generated $2.6 billion […]
Coca-Cola raises full-year outlook as earnings beat estimates
Bottles of Coca Cola displayed at a grocery store on April 24, 2023 in San Rafael, California. Justin Sullivan | Getty Images Coca-Cola on Wednesday raised its full-year outlook after reporting earnings and revenue that topped estimates. Shares of the company rose 2% in premarket trading. Here’s what the company […]
Samsung launches two new folding smartphones to fend off competition from rivals
The Samsung Galaxy Fold 5 and Galaxy Z Flip 5. Ryan Browne | CNBC Samsung on Wednesday launched two new folding smartphones that are thinner and lighter than earlier models, as well as a tablet and two new smartwatches. The South Korean electronics giant said its new phones, the Galaxy […]
Kraft Heinz looks to revive Maxwell House brand with new instant iced latte with foam
Maxwell House’s new Iced Latte with Foam Source: Kraft Heinz At 131 years old, Maxwell House is no spring chicken, and most of its loyal drinkers aren’t either. But Kraft Heinz is looking to revive the coffee brand by appealing to younger consumers with its new iced latte with foam, […]
Senate passes toned-down bill to increase oversight of investments in Chinese technology
Semiconductors are a key focus in the technology trade war taking place between the U.S. and China. William_potter | Istock | Getty Images The Senate overwhelmingly backed legislation Tuesday that would require U.S. firms to notify the Treasury when investing in advanced Chinese technology on national security concerns. That’s a […]
Deutsche Bank beats expectations despite 27% drop in profit, jump in costs
A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images Deutsche Bank on Wednesday reported a net profit of 763 million euros ($842 million) for the second quarter of 2023, narrowly beating expectations despite a 27% […]
Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance
Scott Mlyn | CNBC Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments. The manufacturer of Jeep, Dodge, Peugeot and other brands recorded second-quarter net revenues of 98.4 billion euros ($108.8 billion) and […]