Nestle will cut 16,000 jobs as the world’s largest packaged food company seeks to cut costs and win back investor confidence.
Read More Nestle to cut 16,000 jobs as new CEO ignites ‘turnaround fire’
Tag: Bernstein
Nvidia, AMD to pay 15% of China chip sale revenue to US, official says
Nvidia and AMD have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips in an unusual move likely to faze American companies.
Read More Nvidia, AMD to pay 15% of China chip sale revenue to US, official says
Alphabet jumps as AI-driven spending fuels cloud revenue surge
Alphabet shares rose more than 3% in early trading as the Google parent’s earnings underscored a key message to investors: AI spending is climbing, but so are the returns.
Read More Alphabet jumps as AI-driven spending fuels cloud revenue surge
Google to unveil AI upgrades at I/O conference amid search challenges
Google kicks off its annual developer conference with a flurry of announcements showcasing its huge investment in AI.
Read More Google to unveil AI upgrades at I/O conference amid search challenges
Intel CEO invested in hundreds of Chinese companies, some with military ties
Lip-Bu Tan has invested in hundreds of Chinese tech firms, including at least eight with links to the People’s Liberation Army.
Read More Intel CEO invested in hundreds of Chinese companies, some with military ties
Intel jumps nearly 15% as investors cheer appointment of new CEO Tan
Shares of Intel surged nearly 15% on Thursday, as Wall Street cheered its decision to name former board member Lip-Bu Tan as CEO.
Read More Intel jumps nearly 15% as investors cheer appointment of new CEO Tan