Intel says customers stockpiling chips on U.S.-China tension, hikes forecast
Intel Corp forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying concerns about a global semiconductor sales slowdown and curbs on U.S. sales to China’s Huawei Technologies Co Ltd.
Buffett’s Berkshire Hathaway raises stake in Bank of America
Warren Buffett’s Berkshire Hathaway has raised its stake in Bank of America Corp , the company said in a regulatory filing on Thursday.
Starbucks traffic surges, posts best sales growth in three years
Starbucks Corp attracted more customers in the latest quarter on an expanded line up of beverages and food offerings in the United States and China, leading the coffee chain to raise its fiscal 2019 profit forecast.
Alphabet shares soar on new details into YouTube, cloud growth
Alphabet Inc shares rose 9% after the company reported quarterly results that eased investors’ concerns about the growth challenges facing its Google advertising business.
‘Toy Story 4’, Barbie star in Mattel’s surprise revenue rise
Mattel Inc saw a big boost in demand for its action figures after the worldwide success of the latest “Toy Story” movie while a Barbie makeover lifted sales of the iconic doll, helping it report a surprise rise in quarterly revenue.
Intel says customers stockpiling chips on U.S.-China tension, raises forecast
Intel Corp forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying concerns about a global semiconductor sales slowdown and curbs on U.S. sales to Huawei Technologies Co Ltd.
Philip Morris launches first Africa store to spark alternative cigarettes demand
The South African unit of cigarette maker Philip Morris International Inc opened its first flagship store in Johannesburg on Thursday, as it tries to grow demand in Africa for its alternative heated tobacco product IQOS.
U.S. attorney general, state officials discuss big tech firms’ effect on competition
Eight state attorneys general met with U.S. Attorney General William Barr on Thursday to discuss the effect of big tech companies on competition, and various antitrust actions are being reviewed, the Texas attorney general’s office said in a statement….
Starbucks raises profit view on U.S., China demand; shares near record
Starbucks Corp raised its annual earnings forecast after quarterly same-store sales exceeded Wall Street estimates on Thursday, as the world’s largest coffee chain saw robust demand in the United States and China for its new beverages.
Amazon’s push for one-day delivery dents profits, costs up 21%
Amazon.com Inc on Thursday reported its first profit miss in two years and said income would slump in the current quarter, as the online retailer ramps up spending on one-day delivery to spark sales growth.
