Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023.Nurphoto | Nurphoto | Getty ImagesTencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.Here's how Tencent did in the June quarter against LSEG consensus estimates:Revenue: 161.12...
The Norges Bank, Norway's central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023.Bloomberg | Bloomberg | Getty ImagesNorway's massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion), primarily driven by robust returns on its investments in technology stocks.The so-called Government Pension Fund...
Hon Hai Group's headquarters in Taipei, Taiwan.Ceng Shou Yi | Nurphoto | Getty ImagesApple supplier Foxconn reported on Wednesday a 6% rise in second-quarter net profit, driven by strong AI server demand as the company touted "strong growth momentum" from the technology boom.The Taiwanese company, the world's largest contract electronics maker, said net...
General view of the UBS building in Manhattan, New York City, on June 5, 2023.Eduardo Munoz Alvarez | View Press | Corbis News | Getty ImagesSwiss banking giant UBS on Wednesday smashed net profit expectations for the second quarter, as revenue came in higher than expected.Net profit attributable to...
Product prices as seen at Walmart. Courtesy: WalmartThe news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department releases the July consumer price index report.With the score being one down, one to go on confirming that the early-year jump in prices...
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty ImagesJust like Wall Street, Home Depot is closely watching the Federal Reserve's next move.In an interview with CNBC, Chief Financial Officer Richard McPhail said homeowners...
Brian Niccol, CEO of ChipotleAnjali Sundaram | CNBCWall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decades-long Howard Schultz era.Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol replaces Laxman Narasimhan, who took over...
Check out the companies making headlines in midday trading. Starbucks , Chipotle Mexican Grill — Starbucks stock shot up 21% after the coffee chain ousted CEO Laxman Narasimhan effective immediately and replaced him with Chipotle CEO Brian Niccol, who will step in Sept 9. Three Wall Street firms already...
SpaceX's Crew Dragon capsule "Endurance" is seen during the Crew-3 mission for NASA on May 5, 2022.NASAPrivate polar expeditions are reaching a new level: Space.Cryptocurrency speculator Chun Wang bought a SpaceX multi-day flight for an undisclosed amount, the company announced on Monday, with plans to lead the first crewed...
Chipotle stock fell more than 10% Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks.Niccol began as Chipotle CEO in March 2018. Chipotle stock has risen more than 770% since since he took over.Chipotle's board named Chief...