Tag: Financial Performance
Samsung reports 'major' progress in supply deal for AI chips
SEOUL, South Korea -- Samsung Electronics on Thursday reported progress on a major supply deal for artificial intelligence-focused chips, aiming to reassure investors...
Reddit's explosive user growth and AI tools help it soar to its first profit as a public company
NEW YORK -- Reddit has turned a profit for the first time as a public company. The social platform claimed a profit of...
PepsiCo is closing 4 bottling plants and cutting nearly 400 jobs
PepsiCo said Wednesday it plans to close four U.S. bottling plants and lay off nearly 400 workers as part of its efforts to...
McDonald's value meals turn around US sales in third quarter with customers hungry for deals
Value meals helped turn around McDonald's U.S. sales in the third quarter with customers smarting from higher prices all over, but that recovery...
Boeing, in need of cash, looking to raise up to approximately $19B in offering
Boeing is looking to raise up to approximately $19 billion in a stock offering as the aerospace giant, which is dealing with a...
Security tech company Evolv investigates sales misconduct, warning recent financials are unreliable
NEW YORK -- NEW YORK (AP) — Evolv is warning its shareholders to no longer rely on recent financial statements, as the security...