Eli Lilly's stock surged 3.9% after an outstanding Q3 earnings report, surpassing analysts' expectations with $7.02 per share and $17.6 billion in sales. The company raised its yearly guidance, signaling strong growth potential.
Chipotle's shares dropped more than 15% in after-hours trading after the chain slashed its sales forecast for the third consecutive quarter, citing ongoing macroeconomic challenges affecting consumer behavior.
Magic Leap reveals a new Android XR smart glasses prototype, partnering with Google to enhance AR technology. Despite past struggles, the company aims for a resurgence in the industry.
Amazon announces layoffs affecting 2,303 employees, primarily impacting software engineers in Washington. The move reflects a shift in tech jobs as AI tools reshape the industry. Are you at risk?
Nvidia has reached a historic milestone, becoming the first company valued at $5 trillion, fueled by an AI chip frenzy. While the tech giant thrives, concerns about an impending AI bubble loom large.
Nvidia has achieved a historic milestone, becoming the first company to reach a $5 trillion market value, fueled by the AI boom. As shares soar and concerns about an AI bubble grow, the tech landscape is witnessing unprecedented changes.
In a significant move, General Motors has laid off around 1,700 workers at its Michigan and Ohio plants due to a slowdown in the electric vehicle market. The company aims to realign its EV capacity amid evolving regulations and declining consumer incentives.
In a significant shakeup, Paramount has begun laying off 1,000 employees as part of a strategy to cut costs and streamline operations under new CEO David Ellison. This move marks the first phase of a broader plan to eliminate 10% of the workforce, reflecting the challenges facing the entertainment industry amid changing consumer habits.
A virulent bird flu strain has led to the culling of over half a million poultry in Germany since September. With ongoing outbreaks and rising concerns, experts warn of potential food price hikes and supply shortages.
Discover how Microsoft's daring billion-dollar investment in OpenAI transformed the tech landscape and propelled both companies to new heights, despite initial skepticism from industry leaders.
