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Finance News

Intel shares drop after Trump calls for CEO to resign immediately

Intel shares drop after Trump calls for CEO to resign immediately

Finance News

Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel shares were under pressure Thursday after President Donald Trump called for the chipmaker’s CEO to resign immediately. In a Truth Social post, Trump said Intel Chief Executive Lip-Bu Tan “is […]

Intel shares drop after Trump calls for CEO to resign immediately Read More »

Trump’s latest chip tariff announcement raises more questions than it answers

Trump’s latest chip tariff announcement raises more questions than it answers

Finance News

U.S. President Donald Trump speaks during an event with Apple CEO Tim Cook in the Oval Office of the White House on August 6, 2025 in Washington, DC. Win Mcnamee | Getty Images After months of speculation, U.S. President Donald Trump has divulged more of his semiconductor tariff plans, but his latest threats might raise

Trump’s latest chip tariff announcement raises more questions than it answers Read More »

SoftBank Vision Fund posts .8 billion gain to drive second straight quarter of group profit

SoftBank Vision Fund posts $4.8 billion gain to drive second straight quarter of group profit

Finance News

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025. Kiyoshi Ota | Bloomberg | Getty Images SoftBank Group on Thursday reported fiscal first-quarter profit that topped expectations, driven by gains in its Vision Fund tech investment arm. The Japanese

SoftBank Vision Fund posts $4.8 billion gain to drive second straight quarter of group profit Read More »

Lyft misses quarterly revenue estimates on competition, weak US travel demand

Lyft misses quarterly revenue estimates on competition, weak US travel demand

Finance News

An empty Lyft pickup area is shown as ride-share drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights,” in Los Angeles on Aug. 20, 2020. Mike Blake | Reuters Lyft missed second-quarter revenue estimates on

Lyft misses quarterly revenue estimates on competition, weak US travel demand Read More »

Apple and Trump detail 0 billion U.S. spending expansion, including .5 billion for an iPhone glass factory

Apple and Trump detail $100 billion U.S. spending expansion, including $2.5 billion for an iPhone glass factory

Finance News

Apple CEO Tim Cook, left center, escorts President Donald Trump as he tours Apple’s Mac Pro manufacturing plant in Austin, Texas, Nov. 20, 2019. Tom Brenner | Reuters Apple CEO Tim Cook and President Donald Trump announced on Wednesday announced it will spend an additional $100 billion on U.S. companies and suppliers over the next

Apple and Trump detail $100 billion U.S. spending expansion, including $2.5 billion for an iPhone glass factory Read More »

Super Micro stock sinks 20% after earnings, outlook disappoint

Super Micro stock sinks 20% after earnings, outlook disappoint

Finance News

Super Micro Computer shares plunged 20% on Wednesday after the company posted weaker-than-expected fiscal fourth quarter results, dented in part by President Donald Trump’s tariffs. CEO Charles Liang told investors on a conference call that the company has “taken measures to reduce the impact” of the tariffs. “With respect to the tariffs, the situation is

Super Micro stock sinks 20% after earnings, outlook disappoint Read More »

Shopify stock soars 20% on rosy guidance as CFO says tariff hit ‘did not materialize’

Shopify stock soars 20% on rosy guidance as CFO says tariff hit ‘did not materialize’

Finance News

The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, on Sept. 28, 2018. Chris Wattie | Reuters Shopify shares soared 20% Wednesday after the company topped analysts’ estimates for the second quarter, and gave rosy guidance for the third quarter. Here’s how the company did, compared with estimates from analysts polled by

Shopify stock soars 20% on rosy guidance as CFO says tariff hit ‘did not materialize’ Read More »

Uber beats on revenue, announces billion stock buyback

Uber beats on revenue, announces $20 billion stock buyback

Finance News

Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per

Uber beats on revenue, announces $20 billion stock buyback Read More »

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