This credit card fee could cost shoppers $3 billion during record-breaking back-to-school season, merchants say
Consumers are spending more on back-to-school supplies and coughing up more in credit card fees at the same time.
Apple supplier TSMC delays start of Arizona chip factory
TSMC’s chairman said the company is working to send trained technicians from Taiwan to train local workers to help accelerate equipment installation.
Amazon to launch pay-by-palm technology at all Whole Foods stores by year-end
Amazon One lets users enter and pay for items in stores by swiping their hand over a kiosk.
How Samsung and Texas Instruments made the Lone Star State the hub of U.S. chip manufacturing
Texas has more chipmaking facilities than any other state, thanks to low taxes and new subsidies. Now another $61 billion of semiconductor projects are planned.
RBC downgrades Carvana, says sell the car retailer even after its recent earnings beat
The downgrade comes after the firm’s earnings results Wednesday topped estimates on the top and bottom lines.
Analysts say Netflix investors should ‘buy the pullback,’ as password sharing ‘supercharges’ subscriber growth
The company added 5.9 million subscribers in the quarter in a sign that its password-sharing crackdown and ad tier are generating new subscribers.
Wheat prices soar for a third day as Russia-Ukraine tensions stoke fears of major food crisis
Wheat prices rose for a third straight day on Thursday after Russia threatened to treat ships heading for Ukrainian ports as military cargo carriers.
Kenvue shares fall even as J&J spinoff beats estimates in first quarterly earnings since IPO
J&J still owns a 90% stake in Kenvue, meaning it can generally control the direction of the consumer health spinoff’s business for the time being.
American Airlines raises 2023 profit forecast after strong second quarter
Record revenue of $14.06 billion topped analysts’ expectations and was up 4.7% from a year earlier.
Analysts take Tesla results in stride, but margin concerns remain
Several big banks are maintaining a neutral outlook on the stock after its significant rally this year.
