Super Micro joined the list after a 33% drop on Wednesday The S&P 500 rose nearly 1% during the first 30 days of October. But underneath that ho-hum movement has been plenty of volatility. Among the S&P 500 SPX-1.54%, 94% of stocks have risen 5% or more this month. Read: United Airlines and Nvidia bookend list […]
(Reuters) -Siemens is to buy U.S. engineering software firm Altair Engineering for $10.6 billion, strengthening its position in the growing market for industrial software. The deal, Siemens’s second biggest acquisition, is part of the German engineering group’s increased focus on a sector being revolutionised by data analysis and artificial intelligence. Michigan-based Altair is active in […]
Chinese electric vehicle maker BYD reported third-quarter revenue that topped that of behemoth rival Tesla for the first time. On Wednesday, BYD reported revenue for the three months ended Sept. 30 of 201.12 billion yuan ($28.24 billion), up 24% from a year ago. That exceeded Tesla’s revenue of $25.18 billion reported for the same period. It’s a first for the Beijing-based EV giant […]
A semiconductor research facility in upstate New York was selected as one of three national technology centers and will receive up to $825 million in funding as part of a broader federal effort to boost the United States’ competitiveness in the industry. U.S. Sen. Chuck Schumer made the announcement Thursday. The Albany NanoTech complex was […]
An unhinged Florida man horrifically pummeled a deaf and nonverbal passenger while he was sleeping until the cabin was spattered with blood on a cross-country United Airlines flight this week. The brutal beatdown happened about two hours into United Airlines Flight 2247 from San Francisco to Washington Dulles on Monday. It started when Everett Chad Nelson, 44, got up […]
Uber (UBER) reported third quarter results, beating Wall Street expectations on both revenue and earnings. The rideshare platform posted revenue of $11.19 billion, surpassing estimates of $10.99 billion. Adjusted earnings per share reached $1.20, significantly higher than the anticipated $0.45. Despite these positive metrics, Uber’s stock faced pressure due to weaker-than-expected gross bookings and a reduced fourth […]
Estee Lauder shares slumped nearly 24% on Thursday after it pulled back annual sales and profit forecasts as the luxury cosmetics giant grapples with an uncertain timeline for China demand recovery while a new CEO takes helm. The company, which named insider Stephane de La Faverie as CEO on Wednesday to turnaround the business, also nearly halved its […]
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