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$Boeing (BA.US)$Boeing took a $3.5 billion pre-tax charge on its 787 Dreamliners after production issues prevented the company from delivering the planes to airlines for most of the last 15 months.
The company, however, said Wednesday that it generated positive cash flow in the fourth quarter, hitting that key milestone earlier than Boeing executives forecast. It was driven by a jump in de...
The company, however, said Wednesday that it generated positive cash flow in the fourth quarter, hitting that key milestone earlier than Boeing executives forecast. It was driven by a jump in de...
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$NVIDIA (NVDA.US)$ Nvidia is “quietly” preparing to abandon its $40 billion acquisition of British chip designer Arm, Bloomberg News reported Tuesday.
The U.S. chipmaker has told partners it’s not expecting the deal to be finalized, the news agency reported, citing people familiar with the matter. SoftBank, which currently owns Arm, is ramping up preparations for Arm to go public in lieu of the Nvidia takeover, according ...
The U.S. chipmaker has told partners it’s not expecting the deal to be finalized, the news agency reported, citing people familiar with the matter. SoftBank, which currently owns Arm, is ramping up preparations for Arm to go public in lieu of the Nvidia takeover, according ...
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$Alphabet-A (GOOGL.US)$ The Covid-19 pandemic made it difficult for some older workers to stay employed.
Now, AARP and Google are collaborating to help people ages 50 and up, particularly women and people of color, improve their digital skills.
The program is set to launch in eight states. Based on the results, the organizations hope to expand their efforts nationally.
Now, AARP and Google are collaborating to help people ages 50 and up, particularly women and people of color, improve their digital skills.
The program is set to launch in eight states. Based on the results, the organizations hope to expand their efforts nationally.
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$Apple (AAPL.US)$ hit a record 23% market share in China in the fourth quarter of 2021, with the iPhone maker reclaiming the number one player for the first time in six years, Counterpoint Research said.
That was driven by the “relatively lower starting price” of its iPhone 13 which had strong camera and 5G features.
Meanwhile, China’s smartphone market declined in 2021 due to component shortages and sluggi...
That was driven by the “relatively lower starting price” of its iPhone 13 which had strong camera and 5G features.
Meanwhile, China’s smartphone market declined in 2021 due to component shortages and sluggi...
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$Tesla (TSLA.US)$ Tesla CEO Elon Musk said during the company’s fourth-quarter earnings call that the company won’t release any new models this year, and isn’t currently developing a $25,000 car.
In his opening remarks, he said that the continuing chip shortage would make it impossible to release new model vehicles without resulting in fewer total vehicles being delivered.
“If we had introduce...
In his opening remarks, he said that the continuing chip shortage would make it impossible to release new model vehicles without resulting in fewer total vehicles being delivered.
“If we had introduce...
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$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Invesco QQQ Trust (QQQ.US)$ The International Monetary Fund has warned markets’ tumultuous sell off could continue further into 2022.
As central banks’ moves to tighten monetary policy, “risk assets such as equities could sell off further,” the IMF’s Tobias Adrian told CNBC.
The market rea...
As central banks’ moves to tighten monetary policy, “risk assets such as equities could sell off further,” the IMF’s Tobias Adrian told CNBC.
The market rea...
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$McDonald's (MCD.US)$McDonald’s is expected to report its fourth-quarter earnings before the bell Thursday.
Here’s what Wall Street analysts surveyed by Refinitiv are expecting:
Earnings per share: $2.34 expected
Revenue: $6.03 billion
The fast-food giant has been soundly squashing its rivals in recent quarters, and Wall Street is predicting similar results this time around, too. Analysts are expecting U.S. same-store sales...
Here’s what Wall Street analysts surveyed by Refinitiv are expecting:
Earnings per share: $2.34 expected
Revenue: $6.03 billion
The fast-food giant has been soundly squashing its rivals in recent quarters, and Wall Street is predicting similar results this time around, too. Analysts are expecting U.S. same-store sales...
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Gross domestic product accelerated at a 6.9% annualized pace in the fourth quarter, well ahead of the 5.5% estimate.
Consumer activity and business spending led the gains, which propelled the U.S. economy to its strongest full year since 1984.
Jobless claims remained elevated at 260,000 while orders for long-lasting goods hit their lowest point since April 2020, signaling an end-of-year slowdown.
$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Nasdaq Composite Index (.IXIC.US)$
Consumer activity and business spending led the gains, which propelled the U.S. economy to its strongest full year since 1984.
Jobless claims remained elevated at 260,000 while orders for long-lasting goods hit their lowest point since April 2020, signaling an end-of-year slowdown.
$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Nasdaq Composite Index (.IXIC.US)$
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$Tesla (TSLA.US)$
1) In 2021Q4, Tesla delivered a record 308,000 units, +70% year-on-year, and delivered 936,000 units throughout the year;
2) On the production capacity side, the Shanghai factory delivered 484,000 units, accounting for half of the supply, so it is expected to exert a stronger cost advantage, overcome supply chain disturbances, and promote Q4 earnings growth. The market is quite optimistic about the financial report;
3) Musk will return to this confere...
1) In 2021Q4, Tesla delivered a record 308,000 units, +70% year-on-year, and delivered 936,000 units throughout the year;
2) On the production capacity side, the Shanghai factory delivered 484,000 units, accounting for half of the supply, so it is expected to exert a stronger cost advantage, overcome supply chain disturbances, and promote Q4 earnings growth. The market is quite optimistic about the financial report;
3) Musk will return to this confere...
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