Tag Archives: Underway

Intel (INTC) shares sink lower Friday morning after releasing less than optimistic first-quarter guidance than Wall Street was hoping for from the chipmaker. Intel topped fourth-quarter earnings estimates, but its wavering confidence in 2024 may be weighing on other semiconductor stocks. Intel CEO Patrick Gelsinger sits down with Yahoo Finance Executive Editor Brian Sozzi to assess investor sentiment over the first-quarter outlook, detailing Intel’s investment in its foundry — or… Source link

OLYMPIC VALLEY, Calif. (AP) — Search teams were deployed following an avalanche Wednesday at a California ski resort near Lake Tahoe as a major storm with snow and gusty winds moved into the region, officials said. The avalanche occurred around 9:30 a.m. at Palisades Tahoe, the resort said in a statement on X, formerly Twitter. “Our Patrol and mountain operations teams are performing a search at this time,” the resort said. Sgt. David Smith, a spokesperson for the Placer County sheriff,… Source link

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NEW YORK (AP) — Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday. The embattled company’s new CEO John Ray III said Saturday that FTX is switching off the ability to trade or withdraw funds and taking steps to secure customers’ assets, according to a tweet by FTX’s general counsel Ryne Miller. FTX is also coordinating with law enforcement and regulators,… Source link

Beyond Meat CEO Ethan Brown is taking a more muted near-term outlook on his business amid rising competition in plant-based meats and an inflation-zapped consumer trading down to cheaper proteins. “A shakeout does appear to be underway, and we expect more brands to either retreat or consolidate,” Brown told analysts on an earnings call late Wednesday. “A less cluttered playing field to [then] emerge in the mid-term.” A McDonald’s “PLT” burger with a Beyond Meat plant-based patty at one of 28… Source link

As investors digest Kellogg’s (K) decision to split the food conglomerate into three separate companies, the next question on analysts’ minds is, “Who’s next?” The big food breakup “is already underway,” Bank of America analyst Bryan Spillane told Yahoo Finance, citing the divestures and acquisitions of consumer giants ranging from Kraft-Heinz (KHC) to General Mills (GIS). Just last week, Mondelēz (MDLZ) announced an agreement to acquire energy bar maker Clif Bar & Company in a deal worth… Source link

This post was originally published on Tker.co. There’s more evidence that the economic narrative could be undergoing a major shift. For months, we’ve been living in an economy in which strong demand has been met with lagging supply, causing inflation inflation to surge. We now appear to be shifting to a phase where demand growth is cooling and supply chains are easing, which should cause inflation to come down. According to Census Bureau data released Wednesday, orders for nondefense… Source link

The overarching narrative of the markets and economy has been one of strong demand meeting lagging supply, a dynamic that has caused inflation to surge. While most signs suggest these trends continue to persist, a handful of anecdotes from the past week suggest this narrative could be changing. Signs that inventories are no longer depleted Supply chain disruptions have been reflected by depressed inventory/sales ratios. In fact, many businesses have been complaining that sales would be stronger… Source link

If you are an Android user, regardless of your hardware vendor of choice, then pay particular attention to getting the 36 vulnerability-fixing May security update installed as soon as possible. Why the concern? A high-severity vulnerability that was disclosed way back in January and perhaps unsurprisingly is being exploited in the wild, has now been fixed. It’s a Linux kernel vulnerability given the name ‘Dirty Pipe‘ by the researcher who uncovered it. Actually, us boring and nerdy security… Source link

Billions of Chrome users to get third emergency security update in as many weeks Getty Images April 17 Update below. This post was originally published on April 14 Google has now released three emergency, out-of-band, security updates for the Chrome browser in as many weeks. What’s more this one, like the first, is to fix a high-severity zero-day vulnerability that is already being exploited by attackers. Three emergency Google Chrome security updates in… Source link