Posts with tag: engineering
Philippine economic growth slowed in Q4 2024, missing the government's target due to storms and flooding. GDP grew 5.2%, below the 5.5% estimate. The central bank cut interest rates to a two-year low amidst rising tariff risks and US policy uncertainty.
Published on: January 30, 2025, 03:00 AM UTC
Boeing CEO Kelly Ortberg sees brighter days ahead for the company after a $11.8 billion loss last year. Production of the popular 737 MAX jet is expected to ramp up, but suppliers remain skeptical after past disappointments.
Published on: January 30, 2025, 12:01 AM UTC
Starbucks is changing its open-door policy to prioritize the safety of its staff and paying customers.
Published on: January 29, 2025, 08:03 PM UTC
The US administration considers tightening restrictions on Nvidia's sales of AI chips designed for the Chinese market.
Published on: January 29, 2025, 07:00 PM UTC
Starbucks CEO Brian Niccol highlights progress in turnaround strategy, driving share growth, improving sales trends, and focusing on mobile ordering and customer experience.
Published on: January 29, 2025, 06:02 PM UTC
Nvidia's stock plunged 17% on Monday due to fears over a new AI model from Chinese startup DeepSeek. Despite the sell-off, retail investors bought over $920 million of Nvidia stock in two days. Wall Street analysts largely agree with the bullish outlook, saying the recent drawdown provides an enhanced buying opportunity.
Published on: January 29, 2025, 06:00 PM UTC
Silgan Holdings reports better-than-expected Q4 earnings of 85 cents per share; revenue of $1.41 billion also beats estimates.
Published on: January 29, 2025, 01:09 PM UTC
Extreme Networks Inc. (EXTR) reported a profit of $7.4 million in its fiscal second quarter, with earnings per share of 6 cents. Adjusted earnings were 21 cents per share, and revenue was $279.4 million. For the current quarter ending in March, Extreme Networks expects earnings per share to range from 16 to 20 cents, and revenue to range from $276 million to $284 million.
Published on: January 29, 2025, 01:06 PM UTC
A White House order to freeze government spending has been partially retracted, with some exceptions. A federal judge has blocked the halt from taking effect. The order has caused confusion and concern, but student loan and health insurance payments remain unaffected. The administration claims the freeze is to review programs for compliance with President Trump's executive orders. Critics argue that the move is unlawful and a test of Trump's power.
Published on: January 29, 2025, 01:02 PM UTC
US oil refiners brace for sharp Q4 profit decline amid softening demand, tariff uncertainty.
Published on: January 29, 2025, 12:00 PM UTC