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24/07/2024

Tesla profit margins worst in five years as price cuts, incentives weigh


Tesla (TSLA.O , opens new tab on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while it increased spending on AI projects.


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Google parent Alphabet beats Q2 revenue, profit estimates on strong ads, cloud


Alphabet (GOOGL.O​ , opens new tab beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that capital expenses would remain high for the year.


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Visa reports rare quarterly revenue miss, shares drop


Visa's (V.N , opens new tab third-quarter revenue growth fell short of Wall Street targets in a rare miss for the world's largest payments processor as steep borrowing costs limited consumer spending, sending its shares down 4.6% in extended trading.


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23/07/2024

McDonald's extends $5 meal deal at most US outlets into August


Burger chain McDonald's (MCD.N , opens new tab $5 value meal offer will be extended to August at most U.S. locations after about 93% of its restaurants voted in favor of the plan, according to a memo seen by Reuters.


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Google scraps plan to remove cookies from Chrome


Google is planning to keep third-party cookies in its Chrome browser, it said on Monday, after years of pledging to phase out the tiny packets of code meant to track users on the internet.


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Porsche lowers 2024 outlook, warns of impairments on alloy shortage


Porsche (P911_p.DE , opens new tab on Tuesday lowered its sales forecast for the year and warned of impairments in production spurred by a supply shortage of aluminum alloys impacting various suppliers.


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22/07/2024

Delta Air Lines faces widespread flight cancelations after IT outage


Delta Air Lines (DAL.N , opens new tab struggled to restore normal operations on Sunday after last week's crippling global cyber outage, canceling about 1,000 flights on top of the 3,500 it had already scrapped.


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Porsche could take stake in battery maker Varta as part of major overhaul


German battery maker Varta (VAR1.DE , opens new tab on Sunday said it is discussing two restructuring scenarios that could potentially lead to luxury sportscar maker Porsche (P911_p.DE , opens new tab taking a stake in it.


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CrowdStrike says significant number of outage-affected devices back up


Cybersecurity firm CrowdStrike (CRWD.O , opens new tab said on Sunday that a significant number of the 8.5 million Microsoft (MSFT.O , opens new tab devices that were impacted as a result of a global tech outage related to a software update were back online and operational.


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20/07/2024

Global tech outage eases after widespread disruption, new focus seen on risks


Services from airlines to healthcare, shipping and finance were coming back online on Friday after a global digital outage disrupted computer systems for hours, another incident that shows the vulnerability of the world's interconnected technologies.


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