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 »Maker ‘Fortnite’ accuses Apple of illegal monopolistic practices in battle royalties that appear on the way to a courtroom
The maker of “Fortnite” has launched a Battle Royale against Apple Inc., accusing the tech giant of seeking to “maintain its legitimacy of its monopoly.” Epic games said Thursday it has filed legal papers against Apple AAPL, + 1.77% after the iPhone maker launched the company’s hit game “Fortnite” from …
Read More »Cisco stock records worst day in nearly a decade because cost cuts raise more concerns about coronavirus
Cisco Systems Inc. shares recorded their worst one-day drop in nearly a decade Thursday, following the network giant’s decision to circle the wagons in the form of cost cuts, as the company suffers from increasingly selective business expenses during the COVID-19 pandemic. Cisco CSCO, -11.18% shares, which fell as much …
Read More »Facebook is cracking down on digital defense for misinformation ahead of elections
US users of Facebook Inc. those voting on voting may soon begin to look at fact-checking notes added to their announcements about the Nov. 3 presidential election. The addendum will refer to a new voter information hub similar to the one about COVID-19 that Facebook says has been seen by …
Read More »Stein Mart filed for bankruptcy as analysts predicted pressure on normally-robust off-price retail
Off-price retailer Stein Mart Inc. announced bankruptcy on Tuesday amid rising off-price pressures, a retail category that grew for COVID-19. To be sure, Stein Mart SMRT, -37.89% , like many other retailers that have submitted Chapter 11, face challenges even before the coronavirus pandemic. Fiscal losses for 2019 totaled 22 …
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