Check out the companies making headlines in midday trading. Intel — Shares of the chipmaker popped 9.6% Friday, a day after Intel reported third-quarter results that topped analysts’ expectations. Intel also gave strong guidance for the current quarter, and CEO Pat Gelsinger said the company plans to cut costs by about $3 billion this year.…
JPMorgan Chase CEO Jamie Dimon will begin to sell 1 million shares of the bank he runs next year, the company said Friday in a filing. The plan sparked concern that Dimon, who is 67 years old, could be contemplating retirement. Dimon is arguably the country’s top banker; he has led JPMorgan since 2005, helping…
Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly Twitter, attends a U.S. Senate bipartisan Artificial Intelligence (AI) Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images X owner Elon Musk is attempting to create a future in which X users…
Customers at a Safeway store in San Francisco. Getty Images American banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid the industry’s profit squeeze and customers’ migration to digital channels. Banks closed 10.7% of their in-store branches in the year ended June 30, according to…
The Xiaomi HyperOS logo is displayed on a smartphone. Sopa Images | Lightrocket | Getty Images BEIJING — Chinese smartphone and appliance maker Xiaomi announced late Thursday a new operating system — as it seeks to develop its ecosystem with the imminent release of its own car. Xiaomi shares rose more than 1% in Hong…
Check out the companies making headlines after the bell : Amazon — The e-commerce giant’s shares were roughly flat. Amazon issued fourth-quarter sales guidance ranging between $160 billion to $167 billion, while analysts polled by LSEG called for revenue of $166.6 billion. Amazon beat analysts’ forecasts on the top and bottom lines in the third…
Market Movers rounded up the latest reactions to Meta from investors and analysts. The pros, including Jim Cramer , discussed the tech giant after it reported third-quarter results. With the help of digital ad spending growth, the company reported revenue increased 23%, its fastest rate since 2021. The Facebook parent’s stock popped in after hours…
Check out the companies making headlines in midday trading. Bunge — Shares of the global crop trader and processor popped 5.2% after the company lifted its 2023 outlook and reported better-than-expected profit for the third quarter. Bunge’s earnings were lower year-on-year, however. Comcast — Comcast shares fell 6.3% after the telecom giant reported a loss in…
[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision. The ECB ended its run of rate hikes on Thursday after 10 consecutive…
An Xpeng G9 electric vehicle at the Xpeng pavilion in the Open Space area during the Munich Motor Show (IAA) in Munich, Germany, on Sept. 5, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese electric car company Xpeng said this week it plans to roll out driver-assist technology in Europe by the end…
