Intel announces up to $10 billion in cost reductions through 2025
Intel said that it intends to find cost reductions and efficiencies worth up to $10 billion through 2025. But guidance for the full fiscal year came up short.
Amazon’s cloud business just recorded its weakest growth to date and missed analysts’ estimates
Amazon Web Services reported weaker-than-expected revenue in the third quarter.
NASA says its annual economic output is triple the agency’s budget
The report found that NASA’s work in fiscal year 2021 generated an economic output of over $71 billion.
American Airlines offers pilots higher raises in new contract proposal
The biggest U.S. carriers have been in negotiations for new contracts for months.
New Covid boosters aren’t better than old shots at neutralizing omicron BA.5, early studies find
Two independent studies suggest the new Covid booster shots don’t protect better against omicron BA.5 than the original vaccines.
Auto dealer stocks rally despite Wall Street’s ‘demand destruction’ theory
Shares of AutoNation, Group 1 and other auto dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand.
Amazon will open 172,000-square-foot Project Kuiper internet satellite factory
Project Kuiper is Amazon’s plan to launch 3,000-plus internet satellites into low Earth orbit to extend high-speed broadband internet access around the globe.
Facebook used to be a Big Tech giant — now Meta isn’t even in the top 20 most valuable U.S. companies
Meta shares are down more than 20% on Thursday, the second time this year they’ve collapsed after an earnings report.
Shopify shares pop 17% on smaller-than-expected loss
Shopify reported earnings before the opening bell. Here are the results.
Trump opposes watchdog for financial statements sought by New York Attorney General James in sweeping fraud lawsuit
Donald Trump and his Trump Organization are accused by New York Attorney General Letitia James of fraud related to financial statements.
