Inventory glut and underused factories

Intel CEO Pat Gelsinger, with US President Joe Biden (not pictured), announces the tech firm’s plan to build a $20 billion plant in Ohio, from the South Court Auditorium on the White House campus in Washington, January 21, 2022. Jonathan Ernst | Reuters Intel’s December earnings showed significant declines in the company’s sales, profit, gross … Read more

DOJ’s antitrust case against Google is ambitious but risky

CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images The Department of Justice’s latest challenge to Google’s tech empire is an ambitious swing at the company with the potential to rearrange the digital advertising market. But alongside the possibility of great reward comes … Read more

McCarthy spoke with Musk about making Twitter ‘fair on all sides’

US House Republican leader Kevin McCarthy (R-CA) talks to reporters as he arrives on the first day of the new Congress at the US Capitol in Washington, January 3, 2023. Evelyn Hockstein | Reuters Twitter CEO Elon Musk discussed how to make the social media site “fair on all sides” in a meeting with House … Read more

Intel (INTC) earnings Q4 2022

Intel CEO Pat Gelsinger stands in front of a cathedral in the German city of Magdeburg on Nov. 12, 2022. During his visit to him, Gelsinger also visited the planned site of the Intel Gigafactory in the Eulenberg industrial park. /dpa-Zentralbild/dpa (Photo by Peter Gercke/picture alliance via Getty Images) Peter Gercke | Picture Alliance | … Read more

IBM earnings Q4 2022

IBM CEO Arvind Krishna speaks at a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Stefan Wermuth | Bloomberg | Getty Images IBM reported quarterly revenue on Wednesday that topped analysts’ estimates, driven by higher-than-expected growth in the company’s software and infrastructure segments. Here’s how the company did: Earnings: … Read more

Facebook and Instagram will reinstate Trump after two-year ban

An image of President Donald Trump appears on video screens before his speech to supporters from the Ellipse at the White House in Washington on Wednesday, Jan. 6, 2021, as the Congress prepares to certify the electoral college votes. Bill Clark | CQ-Roll Call, Inc. | Getty Images Goal will allow former President Donald Trump … Read more

Tesla (TSLA) earnings Q4 2022

Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Electric vehicle maker Tesla plans to report fourth-quarter results after market close on Wednesday. Here’s what analysts were expecting as of Wednesday morning, … Read more

Microsoft forecast suggests gloomy tech environment will continue

Microsoft CEO Satya Nadella leaves the Elysee Palace after a meeting with the French President Emmanuel Macron in Paris on May 23, 2018. Aurelien Morissard | IP3 | Getty Images Microsoft executives on Tuesday told analysts to expect a continuation of the weak pace of business that emerged in December, which hurt the software maker’s … Read more

Microsoft (MSFT) earnings Q2 2023

Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022. Nadella gave a keynote speech at an event hosted by the company’s Korean unit. SeongJoon Cho | Bloomberg | Getty Images Microsoft shares rose as much as 5% in extended trading on Tuesday after the company reported fiscal … Read more

DOJ files second antitrust suit against Google, seeks to break up its ad business

CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images The US Justice Department on Tuesday filed its second antitrust lawsuit against Google in just over two years. It’s the latest sign that the US government is … Read more