The three major indexes finished Thursday and October’s trading month in the red.
Month: October 2024
Boeing, union reach sweetened contract offer in bid to end strike, vote scheduled for Monday
The unionized machinists walked off the job on Sept. 13, halting most of Boeing’s aircraft production.
OpenAI CEO Sam Altman says new AI model is taking a while because ‘we can’t ship’ as quickly as hoped
OpenAI CEO Sam Altman said that GPT-5, the company’s next probable large AI model, likely won’t come this year.
Intel shares jump 9% on earnings beat, uplifting guidance
Intel reported better-than-expected revenue following a quarter filled with challenges.
Amazon’s advertising business grew 19% in the third quarter
Amazon’s online advertising business jumped 19% year over year to $14.3 billion in the third quarter.
Comcast’s potential cable networks separation will test the appetite for media reconfiguration
If Comcast moves forward with its idea to spin off NBCUniversal’s cable networks, it could begin a rollup throughout the media industry.
Friday’s jobs report is expected to show the slowest pace of hiring in years
Economists expect the BLS to report that payrolls expanded by just 100,000 on the month.
Amazon’s cloud unit records highest profit margin in at least a decade
Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.
Amazon shares pop on earnings beat, cloud growth
The company’s cloud and advertising units showed strong growth.
Intel shares jump 9% on earnings beat, uplifting guidance
Intel reported better-than-expected revenue following a quarter filled with challenges.