Qualcomm, the mobile chip giant, is reportedly in talks to acquire Intel, the struggling chipmaker, in what could be a transformative deal for the technology industry. The deal is still in the early stages and …
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Tesla’s Robotaxi Event: Could It Be a Catalyst for the Stock?
Tesla’s upcoming Robotaxi Event on October 10 in Los Angeles could be a significant catalyst for the stock, according to Bank of America analysts. The event, initially scheduled for August, was postponed to allow for …
Continue readingGeneral Mills Beats Sales Expectations but Faces Headwinds
General Mills, the maker of Cheerios, reported a smaller-than-expected drop in quarterly sales on Wednesday. The company’s sales fell 1% to $4.85 billion, exceeding analyst expectations of a 2.11% decline. Higher prices for certain snacks …
Continue readingArcher Aviation Secures Funding Boost from Stellantis, Plans LA Air Taxi Network
Archer Aviation is making strides in the air-taxi market, securing a $370 million funding commitment from Stellantis to support aircraft production ramp-up. This investment will enable Archer to increase its annual production of the ‘Midnight’ …
Continue readingTake-Two Interactive Bets on “GTA VI” to Fuel Future Growth
Take-Two Interactive Software (TTWO), the publisher behind the iconic “Grand Theft Auto” franchise, is banking on the upcoming “GTA VI” to drive significant bookings growth in the next two fiscal years. The company recently narrowed …
Continue readingWarner Bros Discovery Plunges as $9 Billion Write-Down Exposes TV Woes
Shares of Warner Bros Discovery (WBD) plummeted 12% in pre-market trading on Thursday, following a $9.1 billion write-down of the media giant’s TV assets. This move highlights the ongoing challenges facing traditional broadcasting in the …
Continue readingBMW Recalls Over 100,000 Vehicles in the US Due to Starter Motor Overheating Concerns
BMW is recalling 105,558 crossovers and sedans in the United States due to a starter motor issue that could lead to overheating. The recall affects various models, including the X5, X7, 3, and 7 Series. …
Continue readingSony Reports 10% Profit Rise Driven by Image Sensor Success, but Challenges Remain
Sony reported a 10% rise in operating profit for the April-June quarter, surpassing analyst expectations. This growth was fueled by the strong performance of its image sensor business, which saw profits nearly triple thanks to …
Continue readingCaterpillar Beats Profit Estimates on Strong Pricing Despite Demand Slowdown
Caterpillar, a leading manufacturer of construction and mining equipment, exceeded analyst expectations for second-quarter profits. The company’s stock price jumped 5% in premarket trading, reflecting investor confidence in the company’s performance. Despite a moderation in …
Continue readingYum Brands Q2 Sales Dip as US Demand Weakens, Taco Bell Shines
Yum Brands, parent company of Taco Bell, KFC, and Pizza Hut, reported a bigger-than-expected drop in same-store sales for the second quarter. The decline was attributed to sticky inflation and a shift towards home-cooked meals …
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