Business

Intel shares fell as much as 9% on Thursday after the company reported better-than-expected second-quarter earnings and said next-generation chips would come out later than expected. This is how the company did it: Profits: Adjusted $ 1.23 per share, versus $ 1.11 per share as expected by analysts, according to …

According to Wall Street Journal reports, Amazon has met with several startups over the years to seemingly discuss acquisitions and investments just to develop similar products of its own. One of the companies was Ubi, a voice-activated device that hit the market in 2012 and was surprisingly similar to the …

(Bloomberg) – Warren Buffett’s Berkshire Hathaway Inc. bought roughly $ 813 million in shares of Bank of America Corp., accumulating more funds at the lender amid its 31% drop this year. Berkshire bought approximately 33.9 million shares of the company this week, increasing its stake by more than 3% to …

“Rivian instructed a recently departed Tesla employee about the types of Tesla confidential information Rivian needs,” Tesla states in the lawsuit. The company says it found that three other employees took “highly valuable and confidential information when they left Rivian.” The lawsuit also notes that more than a dozen Rivian …

(Bloomberg) – Two years ago, Los Angeles Dodgers CFO Tucker Kain talked about a plan to get baseball fans to the team’s stadium in minutes using a tunnel filled with electric cars, built by Eling Musk’s Boring Co. would be ready, he said, in time for the 2020 baseball season. …