recovery
By Max A. Cherney and Arsheeya Bajwa (Reuters) -Intel expressed optimism on Thursday about the future of its PC and server businesses, forecasting current-quarter revenue above estimates but warning that it had “a lot of work to do.” The chipmaker’s shares jumped more than 7% in extended trading, paring back…
By Hyunjoo Jin and Heekyong Yang SEOUL (Reuters) -Samsung Electronics said its third-quarter profit jumped from a year earlier, but the pace of recovery weakened from the prior quarter as it struggles to cash in on the AI boom that has benefited chip rivals like TSMC and SK Hynix. The…
By Bernadette Hogg, Ananya Mariam Rajesh and Helen Reid GDANSK/BENGALURU/LONDON (Reuters) – Companies around the world are starting to cut prices and costs and scale back activity in China, as the world’s second-biggest economy continues to flag despite Beijing’s efforts to turn things around. Big names including Hermes, L’Oreal, Coca-Cola…
On Friday, H&R GmbH & Co. KGaA, also known as H&R KGaA, reported a trend of recovery in sales and earnings development by the end of the third quarter of 2024. The company’s preliminary calculations indicated an operating result (EBITDA) of €24.8 million for the third quarter, which, despite being…
By Hyunjoo Jin SEOUL (Reuters) – Samsung Electronics (KS:) is expected to flag more than a four-fold jump in quarterly profit on Tuesday on improving demand for chips, but the pace of its recovery is weakening, as it is slow to cash in on the artificial intelligence boom. Operating profit…
By Medha Singh (Reuters) – Global burger chains to car manufacturers are increasingly feeling the pinch from a faltering recovery in the world’s No. 2 economy, China, and are strapping in for a bumpy ride ahead. A protracted downturn in the property market and high levels of job insecurity have…
Methode Electronics (NYSE:) reported a decrease in sales and net loss in the fourth quarter of fiscal 2024, with sales dropping to $227 million, a $24 million decline from the previous year. The downturn was attributed to program roll-offs and a weaker e-bike and electric vehicle market. Despite the challenges,…
By Arathy Somasekhar and Marianna Parraga HOUSTON (Reuters) – About 1.7 million customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as progress was slow during the night, hampering efforts to restore critical oil infrastructure. The storm made landfall as a Category 1…
By Sameer Manekar and Anshuman Daga SINGAPORE (Reuters) – Asia’s rich and their bankers said they are backing an eventual recovery in China and betting exposure to a region that even in a slowdown is the fastest-growing in the world will pay off. “You’ve got to have the fortitude and…
Recent political developments have taken center stage in Europe, with the right-wing National Rally securing first place with a third of the vote in Sunday’s first round of France’s legislative election. Because of this, less attention has been given to the continent’s incoming fundamental data. After a series of positive…
