San Francisco (AFP) – Amazon on Thursday predicted a slowdown in sales growth during the year-end holiday shopping season, sending shares in the e-commerce colossus tumbling. Sales could grow as little as 2 percent in the final three months of this yea…
Biden touts high-tech manufacturing resurgence ahead of midterms
Syracuse (United States) (AFP) – President Joe Biden touted giant investments in semiconductor manufacturing Thursday in a bid to seize back the narrative for Democrats as the party best at managing the economy ahead of midterm elections. Biden got a p…
Apple reports solid profits, but iPhone sales miss estimates
New York (AFP) – Apple reported solid profits on rising revenues Thursday, but the tech giant’s iPhone sales missed estimates while it saw slowing growth in services revenues. Profits edged up one percent to $20.7 billion, on an eight percent rise in r…
US tech titans buffeted by economic headwinds and TikTok
San Francisco (AFP) – US tech titans looking to the future are seeing growth take a beating in the face of foreign competition and a tough economy in the here and now. With Apple and Amazon due to report quarterly earnings after the close of market Thu…
US sees ‘acute threat’ from Russia, but says China is main challenge
Washington (AFP) – Russia’s invasion of Ukraine highlights the “acute threat” posed by Moscow, but China is the most consequential challenge for the United States, the Pentagon said Thursday. The dangers are both conventional — Moscow’s aggression tow…
Meta’s quarterly profit dives as tough economy hits tech
San Francisco (AFP) – Facebook-parent Meta reported Wednesday that its profit more than halved to $4.4 billion in the third quarter from $9.2 billion a year earlier, and said it plans “significant changes” to bolster efficiency in a tough economic envi…
Biden discusses Iranian drones in Ukraine with Israeli president
Washington (AFP) – US President Joe Biden and Israel’s President Isaac Herzog on Wednesday discussed the growing threat to Ukraine from Russia’s Iranian-supplied war drones, as Israel comes under pressure to help Kyiv. Herzog told reporters at the Whit…
Google’s money churning ad engine sputters in rough economy
San Francisco (AFP) – Google parent Alphabet on Tuesday reported quarterly earnings that fell short of market expectations as belts tightened in the digital ad market that drives its revenue. Alphabet said it made a profit of $14 billion in the third q…
Adidas cuts ties with Kanye West over anti-Semitic remarks
Berlin (AFP) – German sportswear giant Adidas said Tuesday it was ending its partnership with Kanye West after a series of anti-Semitic outbursts by the controversial rapper. Recent comments by West — now known formally as Ye — were “unacceptable, ha…
Israel president gives US intel on Iran drones in Ukraine
Washington (AFP) – Israel’s president said Tuesday he was sharing intelligence with the United States to prove Iran supplied Russian-operated drones that have reaped destruction in Ukraine, as he urged a tough response. The United States and European U…