Posts with tag: exploration
The Container Store emerged from Chapter 11 bankruptcy, refinancing debt, gaining financing, and modifying its asset-backed lending facility. CEO Satish Malhotra says the company has a "healthier balance sheet" for future growth.
Published on: January 29, 2025, 11:02 AM UTC
Maruti Suzuki quarterly profit missed estimates due to higher raw material prices. Net income rose 13% to $408 million, revenue climbed 16% to $5.6 billion, but costs surged 16%.
Published on: January 29, 2025, 09:01 AM UTC
Advantest raises profit forecast on surging demand for chip-testing tools amid AI boom. Operating income for the fiscal year ending March 2023 is now projected at 226 billion yen ($1.46 billion), up 37%.
Published on: January 29, 2025, 09:00 AM UTC
Starbucks aims for a comeback, despite mixed results in the first quarter of fiscal year 2025, including declining same-store sales and foot traffic, but positive signs in key areas.
Published on: January 29, 2025, 01:01 AM UTC
OpenAI unveils ChatGPT Gov, tailoring its AI chatbot technology for US government agencies, aiming to enhance access and security while advancing American tech leadership.
Published on: January 28, 2025, 10:03 PM UTC
GM CEO Barra explains tariff strategy to Trump; auto investors on edge
Published on: January 28, 2025, 06:03 PM UTC
Starbucks Taps Taco Bell Executives for Growth Amid Leadership Shakeup
Published on: January 28, 2025, 06:02 PM UTC
DeepSeek, a Chinese startup, has emerged as a formidable force in AI, with a cost-efficient model that rivals tech giants like OpenAI, Google, and Meta. Despite using less advanced hardware, DeepSeek's model has outperformed ChatGPT in downloads, sparking reactions from industry leaders such as Satya Nadella, Marc Andreessen, Pat Gelsinger, and Mark Zuckerberg.
Published on: January 28, 2025, 04:05 PM UTC
Chevron, Engine No. 1, and GE Vernova are partnering to build natural gas power plants near U.S. data centers to meet rising energy demands for AI development.
Published on: January 28, 2025, 03:05 PM UTC
GM CEO Mary Barra talks to President Trump about tariffs. GM's EPS guidance assumes a "stable" policy environment and doesn't factor in additional tariffs. Nevertheless, tariffs hang over auto sector stocks, as the auto industry relies heavily on imports from Mexico and Canada. Analysts worry about the potential impact on demand if automakers raise prices to offset tariffs.
Published on: January 28, 2025, 03:02 PM UTC