Adidas is getting back on track after Yeezy woes
The sportswear giant reported strong third-quarter growth on Tuesday. Adidas’ comeback is in full swing. The sportswear giant reported strong third-quarter growth on Tuesday, with currency-neutral revenues increasing by 10% across the group. Operating profit jumped to 598 million euros ($646 million) from 409 million euros ($442 million) the year before. While the company reported…
Chipotle says ensuring ‘consistent and generous portions’ has taken a toll on its profitability
“We are committed to ensuring that we give the right portion to every guest that walks into the building,” Chipotle’s interim CEO, Scott Boatwright, said Tuesday. It has been a big year for the humble scoop — at Chipotle, at least. Profit margins for the chain suffered last quarter because of a concerted effort to…
Google CEO says more than a quarter of the company’s new code is created by AI
Google is all in on AI — both inside and outside the company. More than a quarter of new code created at Google is generated by AI, CEO Sundar Pichai said on Tuesday during the company’s Q3 earnings call. Pichai said using AI for coding was “boosting productivity and efficiency” within Google. After the code…
Google’s been on an efficiency drive. Its new CFO said it can ‘push a little further.’
Google CFO Anat Ashkenazi Google has spent the past couple of years getting its business into shape through layoffs and countless reorganizations. Its new CFO said it can do better. Making her debut on the company’s Q3 earnings call on Tuesday, Google’s new finance chief Anat Ashkenazi said one of her “key priorities” right now…
Flash floods are a worsening scourge worldwide — here’s why
Spain is the latest country to be ravaged by flash floods, which have been increasing in frequency around the world. At least 62 people have been killed and many more are missing in the worst flooding to hit Spain in decades. Torrential rain hit parts of the country on Tuesday, cutting off main roads, delaying…
Gaming giant Take-Two is in talks to sell its Chartboost adtech division
Take-Two, which owns franchises like “Red Dead Redemption,” is looking to offload its adtech asset Chartboost. Take-Two Interactive, the video games giant behind franchises like “NBA 2K24” and “Grand Theft Auto,” is in talks to sell its adtech division Chartboost. The company plans to offload Chartboost to streamline its focus on premium or “AAA” gaming,…
Wall Street is bullish on Amazon earnings despite uncertainty around consumer spending, rising investment costs
Amazon CEO Andy Jassy Wall Street is gearing up for Amazon to deliver strong quarterly financial results after the closing bell on Thursday, though uncertainty lingers about how the company might navigate a slowdown in consumer spending. Most analysts anticipate solid earnings and further upside for Amazon stock, driven by its cloud platform and advertising…
AMD CEO Lisa Su says GPU and CPU sales are nearly equal. Wall Street thinks that’s not enough.
AMD CEO Lisa Su If the central processing unit was the engine of the first age of computing, the graphics processing unit will fuel the next — at least according to CEOs like AMD’s Lisa Su. “We’re actually seeing now our GPU business really approaching the scale of our CPU business,” Su said on the…
AMD still has a gap to close with Nvidia’s AI chips
Lisa Su is chairwoman and CEO of Advanced Micro Devices (AMD) During Advanced Micro Devices’ third quarter earnings call on Tuesday, CEO Lisa Su said that the company has “closed a good part of the gap” with its AI rival, Nvidia. AMD still has a large gap with Nvidia, as it lags behind in GPUs…
