Intel reportedly scaling back R&D teams in Israel — several hundred talented staff will be laid off
Intel plans to reduce its workforce by several hundred employees at its Israeli research and development centers, following similar job…
Starbucks Is Working on Algorithm to Solve To-Go Coffee Chaos
Starbucks Corp. new Chief Executive Officer Brian Niccol is seeking to end the mosh pit that forms at stores when…
Boeing union endorses sweetened contract deal after nearly 7 weeks on strike
Boeing union workers have been on strike for nearly 7 weeks due to a dispute on wage increases. The planemaker…
Meta Posts Record $15.7 Billion Profit as Net Income Balloons 35% in Q3
Meta, the parent company of Facebook and Instagram, reported a record quarterly profit on Wednesday afternoon, as well as stronger-than-expected…
Rivian’s chief software officer says in-car buttons are ‘an anomaly’
The trend of big touchscreens in cars has left many yearning for the not-so-distant days when most user interactions happened…
Elliott boosts Southwest interest to 11.3% after truce
Elliott Investment Management slightly increasing its economic exposure to 11.3% in Southwest Airlines Co. (LUV) after agreeing to a truce…
Samsung’s Sudden $122 Billion Wipeout Shows the Cost of Sleeping on AI
Just a few months ago, Samsung Electronics Co. looked primed to benefit from the global AI boom: profits were surging…
Oil Rebounds From Two-Day Slump With Middle East Back in Focus
Oil rebounded with traders focused on Middle East tensions and tightening US crude stockpiles. West Texas Intermediate advanced 2.1% to…
MicroStrategy Posts Third Straight Loss on Bitcoin Impairment Charge
Bitcoin hedge-fund proxy MicroStrategy Inc. posted a third consecutive quarterly loss after taking an impairment charge against the value of…
Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta Platforms Inc. CEO Mark Zuckerberg will ramp up heavy investments in AI and other futuristic technologies, continuing a years-long…