Tag: gadgets

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Fonterra maps out IPO, sale plans as it evaluates consumer, other assets

Dairy giant Fonterra to explore sale or IPO of global consumer and integrated businesses, names key management team for potential IPO.

Occidental Petroleum loss narrower than expected in Q4

Occidental Petroleum reports Q4 loss of $127 million, misses revenue expectations

Cadence Flashes Red Flags as Chip Demand Wanes

Cadence Design Systems forecasts lower-than-expected revenue and profit due to weakened demand for chip design software amid economic slowdown.

Elon Musk's DOGE Takes On Social Security Administration

Elon Musk and the White House are targeting the Social Security Administration after gaining access to sensitive data. The move has led to a leadership shakeup and concerns about the stability of the program and the Musk team's access to Americans' personal information.

Former OpenAI CTO Mira Murati's New AI Startup Tapped Researchers From Rivals

Thinking Machines Lab, a new AI startup founded by ex-OpenAI CTO, Mira Murati, has hired 30+ leading researchers and engineers from companies like OpenAI, Meta, and Mistral. The main focus is to develop collaborative AI systems and products.

Intel Breakup: Rumors Swirl as Rivals Eye Chipmaking Giant

Intel, a struggling tech giant, faces potential breakup rumors as industry rivals Broadcom and Taiwan Semiconductor consider deals. Analysts discuss regulatory hurdles, antitrust concerns, and the potential value extraction for shareholders.

Half of S&P 500 Companies Outperform Index as Market Leadership Broadens

Nearly half of the companies in the S&P 500 are outperforming the index to start the year, indicating a shift from the narrow market leadership of the past two years.

US Stocks Dip as Investors Await Key Fed Update, Ukraine Talks Begin

US stocks saw mixed results on Tuesday, with the Dow Jones Industrial Average and tech-heavy Nasdaq Composite slipping while the S&P 500 rose slightly. Investors await the release of minutes from the Fed's January meeting for clues on interest rate policy, while US-Russia talks on ending the Ukraine war and earnings season updates influence market sentiment.

Norinchukin Bank CEO to Resign Amid Massive Losses From Bond Bets

Norinchukin Bank CEO to Resign Amid Massive Losses from Foreign Bond Bets

Medtronic Q3 Profit Tops Estimates on Strong Device Demand

Medtronic beats quarterly profit estimates on strong device demand, but keeps annual forecast unchanged