business
SK Hynix Posts Record Earnings on Robust AI Chip Demand
The South Korean memory-chip maker attributed the stellar third-quarter performance to brisk shipments of higher-end HBM3E products as well as higher prices for DRAM chips. Source link
Booking Third-Quarter Sales Rise as U.S. Travel Demand Stabilizes
Booking’s sales jumped as travel demand stabilized and the online travel agency gained ground in the U.S. during the third quarter. Source link
Automaker Production Stoppages Begin Over Semiconductor Shortage
Honda is starting temporary production reductions and stoppages this week at North American factories. Source link
Paramount Signs Lease at New Jersey Studio Complex
The company has agreed to use 285,000 square feet at 1888 Studios in Bayonne, N.J. Source link
Visa Sales Jump as Consumers Keep Spending
Visa’s revenue climbed 12% in its fiscal fourth quarter as healthy consumer spending drove payments volumes higher. Source link
Wal-Mart de Mexico Net Profit Falls in Third Quarter
The retailer posted lower net profit in the third quarter on a one-off item, while sales and operating profit rose from a year earlier. Source link
Opinion | The Bad Teamsters Bargain With UPS
Sean O’Brien’s rich 2023 contract is a loser for laid-off workers. Source link
Teradyne Sees Big Fourth-Quarter Revenue Jump on AI-Related Demand
The company expects fourth-quarter revenue to jump 27%, a big pickup from the third-quarter as AI-related test demand boost sales across its business. Source link
Tech, Media & Telecom Roundup: Market Talk
Find insight on Reddit, Life360 and more in the latest Market Talks covering technology, media and telecom. Source link
Mondelez Tempers Outlook as Costs Rise
The Chicago company now expects revenue to rise 4% on an organic basis for the year, rather than 5%, due to record-high cocoa prices and rising transportation costs. Source link