(Reuters) - Advanced Micro Devices's shares fell about 6% on Wednesday as analysts raised concerns that the chip designer's targets for an artificial intelligence (AI) ramp-up may be too ambitious. The fall came amid a broader sell-off in the tech…
By Kailyn Rhone (Reuters) - From robotic grills to faster blenders with custom ice and milk dispensers, major U.S. restaurant chains including Starbucks, Domino's, and Chipotle are touting new technologies to automate production, cut labor costs and potentially boost profit…
By Yuvraj Malik (Reuters) -Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it…
By Safiyah Riddle (Reuters) - Record-breaking heat waves across the U.S. forced small businesses to close early in July, according to a report released on Tuesday, and reduced paid working hours for employees as dangerous temperatures reshape consumer behavior. Hundreds…
By Sheila Dang (Reuters) -X owner Elon Musk and Chief Executive Linda Yaccarino will both oversee the trust and safety team at the company formerly known as Twitter, the social media concern said on Monday. X's product and engineering team…
By Carolina Mandl and Bansari Mayur Kamdar (Reuters) - All three major U.S. indexes ended the week with gains, after a slew of Big Tech earnings, economic data and central bank announcements boosted investor confidence in a soft landing for…
By Lisa Baertlein and Anthony Deutsch LOS ANGELES/AMSTERDAM (Reuters) - Electric vehicles are crisscrossing the globe to reach their eager buyers, but the battery technology involved in the zero- emission automobiles is exposing under-prepared maritime shippers to the risk of…
By Deborah Mary Sophia and Kailyn Rhone (Reuters) - Major U.S. restaurant chains including burger giant McDonald's saw lower ingredient costs, especially for chicken, cheese and avocado, drive profit margins in the second quarter. Domino's, McDonald's and Chipotle said they…
(Reuters) -Netflix is restructuring its advertising partnership with Microsoft for its lower-priced ad-supported subscription plan and is also cutting ad prices, the Wall Street Journal reported on Thursday. The streaming company launched the $7-per-month plan with commercials last year in…
By Alessandro Parodi (Reuters) -The sale of Taylor Swift merchandising pushed revenue at Universal Music Group in the second quarter, the world's largest record label said on Wednesday. The American pop star's ongoing "Eras Tour" has attracted enough fans to…