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The potential restructuring comes as the company faces mounting losses and fierce competition in the AI chip market, with Intel's stock down 56.38% year-to-date.
The networking giant aims to focus on high-growth areas like AI and cybersecurity, driving its stock up 7.78% despite facing its third consecutive quarter of declining…
Starbucks has named Brian Niccol, former Chipotle CEO, as its new chairman and chief executive officer, effective September 9, 2024.
Take-Two Interactive, Intel, and Nikola Corporation are each making headlines today for different reasons.
Eli Lilly (LLY) surged on strong Q2 earnings driven by GLP-1 drug sales, while Warner Bros. Discovery (WBD) plummeted following a massive $11.2 billion impairment charge.
Mars Inc., the maker of Snickers and M&M's, is reportedly exploring a $30 billion acquisition of Kellanova, the snack food company recently spun off from Kellogg.
Global markets plummeted on Monday due to growing U.S. recession fears and exacerbated by a reported delay in Nvidia's next-generation AI chip production.
Global markets tumbled on Friday, led by a sharp sell-off in tech stocks, as fears of a potential U.S. recession intensified.
Amazon's second-quarter earnings report disappointed investors, with revenue falling short of expectations and a cautious outlook for Q3.
Intel Corporation faces a potential class action lawsuit over reported instability issues in its latest processor generations.
Uber Technologies, Inc. and BYD Co. Ltd. have joined forces in a multi-year strategic partnership.
Tesla surged on an analyst upgrade, Disney climbed due to a record-breaking movie debut, and onsemi jumped following better-than-expected quarterly results.
A catastrophic software update from cybersecurity firm CrowdStrike caused widespread global IT outages.