Author: WSJ

Samsung Electronics expects its fourth-quarter operating profit to fall 35% from a year earlier, missing market expectations and dampening hopes for an earnings recovery led by its semiconductor business.The world’s largest maker of memory chips, smartphones and televisions said in a preliminary earnings forecast Tuesday that its operating profit is expected at 2.800 trillion won ($2.13 billion) for the October-December quarter, compared with KRW4.310 trillion for the same period a year earlier.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Updated Jan. 8, 2024 5:25 pm ETUnity Software is undergoing another round of layoffs affecting approximately 25% of its workforce, as the company works to overcome a major dust-up with customers last fall.Some1,800 employees are being let go, according to an filing with the Securities and Exchange Commission on Monday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

When ESPN placed a big bet on a new star, Pat McAfee, to bring in young audiences with an edgy brand of sports-talk programming, the network knew the appointment carried risks. In recent days, they have been apparent. McAfee, an F-bomb-throwing former NFL punter whose show made its debut on ESPN in September, has been on the defensive since an appearance last week by New York Jets quarterback Aaron Rodgers. Rodgers, a recurring guest on McAfee’s show, implied during the show that ABC talk show host Jimmy Kimmel had ties with the late sex offender Jeffrey Epstein, accusations that Kimmel denied.Copyright…

Updated Jan. 8, 2024 6:05 pm ETRobin Hayes will step down as CEO of JetBlue Airways after about nine years at the helm, citing a doctor’s advice, as the company waits to find out whether a federal judge will block the merger with Spirit Airlines that he championed. Joanna Geraghty, 51 years old, a longtime JetBlue executive and the airline’s current president, will take his place as chief executive when Hayes, 57, steps down in February. She will become the only woman at the helm of a major U.S. airline. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

Updated Jan. 5, 2024 8:53 am ETOpenAI’s management chaos in November could have long-lasting effects on its business as some of the company’s customers say it was a wake-up call about the risks of being too reliant on one company’s tech.Executives at companies that use OpenAI’s software say they are increasingly looking to also use others’ technology to protect themselves from the risks of problems at any one. OpenAI’s competitors are using the opportunity to sign up wary customers.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Updated Jan. 8, 2024 3:51 pm ETA powerful rocket developed by a Boeing-and-Lockheed Martin-owned company blasted off for the first time early Monday, the vehicle’s inaugural flight after years of delays. Called Vulcan Centaur, the 202-foot-tall rocket lifted off under a trail of flames at 2:18 a.m. ET from a Florida launchpad, powering a U.S. moon lander, called Peregrine, into space.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

U.S. shares posted solid gains Monday, easing investor anxieties after the market’s rough start to 2024 last week. Source link

Elon Musk reacted to a Wall Street Journal article detailing how leaders at Tesla and SpaceX are worried that his drug use could harm his companies.He weighed in with a flurry of social-media posts in recent days on his platform X, mentioning he didn’t fail drug tests. He also criticized the Journal and referenced business successes at Tesla and SpaceX.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Apple’s new mixed-reality headset will become available in the U.S. starting Feb. 2, setting the stage for the company’s premium-priced offering to compete in a crowded market.The tech giant’s Vision Pro headset, initially unveiled in June, will be available for pre-sale Jan. 19. It represents Apple’s first major new product in years.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Updated Jan. 8, 2024 2:39 pm ETAL ULA, Saudi Arabia—Secretary of State Antony Blinken outlined a series of requirements for the future of the Gaza Strip after meetings Monday with leaders of key Gulf Arab states, during a diplomatic tour of the region aimed at preventing a broader war and shaping the governance of Gaza after the fighting there ends.Blinken said any future arrangement in Gaza must take into account peace and security in Israel, after meeting with Saudi Crown Prince Mohammed bin Salman and, earlier in the day, United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan. The top U.S.…