Baidu stock slides because iQIYI video unit reveals SEC investigation
For the quarter, Baidu (ticker: BIDU) reported revenue of $ 3.69 billion, down about 1% from a year ago, and in line with the consensus of Wall Street analysts at $ 3.7 billion. Non-GAAP earnings were $ 2.08 per share, good for the Street Consensus at $ 1.38. Baidu said …
Read More »Intel sends back concerns about its chipmaking technology
Text size David Becker / Getty Images Intel fights back against growing consensus picture that delays in manufacturing caused the 52-year-old chipmaker behind rivals such as Advanced Micro Devices. Over the course of nearly three hours, Intel (ticker: INTC) engineers from various business departments talked in depth about various lines …
Read More »Texas Gov. says positive increase under investigation
Texas officials have begun an investigation into why statewide Covid-19 data show a record decline in rates with positive tests, even as hospital admissions and other metrics indicate that the spread of the virus is slower. A special ‘data team’ has been deployed to investigate the state health department analyzes …
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