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Intel CEO Lip-Bu Tan has a long track record in the chip industry. Now he needs a big customer

Intel CEO Lip-Bu Tan has a long track record in the chip industry. Now he needs a big customer

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 When Lip-Bu Tan was named CEO of Intel a little over two months ago, he brought with him plenty of name recognition. Tan spent 12 years running Cadence Design Systems and […]

Intel CEO Lip-Bu Tan has a long track record in the chip industry. Now he needs a big customer Read More »

Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics

Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics

Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty Images Best Buy on Thursday missed quarterly revenue expectations and cut its full-year sales and profit guidance as higher tariffs increase the costs of many consumer electronics that it sells. For

Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics Read More »

United Airlines plans to return to JFK — again — in new partnership with JetBlue

United Airlines plans to return to JFK — again — in new partnership with JetBlue

A United Airlines plane takeoff as a JetBlue plane is landing at San Francisco International Airport (SFO) in San Francisco, California, United States on June 8, 2023. Tayfun Coskun | Anadolu Agency | Getty Images United Airlines has a new friend in Queens. The airline is returning to New York’s John F. Kennedy International Airport

United Airlines plans to return to JFK — again — in new partnership with JetBlue Read More »

Salesforce shares advance on strong results and optimistic forecast

Salesforce shares advance on strong results and optimistic forecast

Salesforce CEO Marc Benioff participates in an interview at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Chris Ratcliffe | Bloomberg | Getty Images Salesforce shares rose 4% in extended trading on Wednesday after the sales and customer service software maker reported upbeat fiscal first-quarter results and guidance. Here’s how the company

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E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to  billion deal

E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to $1 billion deal

Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England.  Dave Benett | Dave Benett Collection | Getty Images E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company

E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to $1 billion deal Read More »

Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty

Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty

2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC PLANO, Texas — Twenty-five years after introducing many Americans to hybrid vehicles with the Prius, Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs. Such cars can function as an all-electric vehicle for a certain number of miles before

Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty Read More »

Abercrombie & Fitch soars 27% even as retailer slashes profit outlook due to tariffs

Abercrombie & Fitch soars 27% even as retailer slashes profit outlook due to tariffs

Shares of Abercrombie & Fitch soared on Wednesday, even after the retailer slashed its profit outlook due to tariffs, which are expected to hit its business by $50 million.  The company is now expecting full year earnings per share to be between $9.50 and $10.50, down from a previous range of between $10.40 and $11.40.

Abercrombie & Fitch soars 27% even as retailer slashes profit outlook due to tariffs Read More »

Instacart names Chris Rogers as CEO after Fidji Simo’s exit for OpenAI

Instacart names Chris Rogers as CEO after Fidji Simo’s exit for OpenAI

Instacart celebrates their IPO at the Nasdaq on Sept. 19th, 2023. Courtesy: Nasdaq Instacart on Wednesday appointed business chief Chris Rogers as its new CEO, less than a month after OpenAI announced CEO Fidji Simo as its new head of applications. Shares were last down about 2% in premarket trading. Rogers, who joined Instacart in

Instacart names Chris Rogers as CEO after Fidji Simo’s exit for OpenAI Read More »

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