business
EA’s Sales, Profit Drop After Lapping College-Football Launch
The Redwood City, Calif., company posted a profit of $137 million, or 54 cents a share, for the three months ended Sept. 30, down from $294 million, or $1.11 a share, a year earlier. Source link
Embattled Tylenol Maker Kenvue Hires New Marketing Chief
The company plans to name snack food executive Jon Halvorson as it faces a crisis over concerns of links between Tylenol and autism. Source link
ASM International Orders Miss Forecasts as Chip Demand Remains Fragmented
The Dutch company posted orders below analysts’ forecasts for the third quarter as bookings from China fell substantially and demand for semiconductors in different sectors remains uneven. Source link
Royal Caribbean Says Consumers Continue to Pay Up for Vacations
Royal Caribbean reported higher third-quarter profit, saying consumers are still willing to spend on vacations and travel, even as the broader spending backdrop weakens. Source link
Nvidia’s New Product Merges AI Supercomputing with Quantum
Jensen Huang unveils a new interconnect that links quantum processors with Nvidia’s AI supercomputers to get the most out of both. Source link
Nvidia to Invest $1 Billion in Nokia in AI Pact
The chip maker will have a 2.9% ownership stake in the Finnish telecommunications company. Source link
Basic Materials Roundup: Market Talk
Find insight on Posco Holdings, Nucor and more in the latest Market Talks covering basic materials. Source link
We Spent the Night Shift With the Repo Man, Who Is Busier Than Ever
Car repossessions are on the rise as delinquency rates on some auto loans hit record levels. Drivers hunt for cars and opportunity as the business model shifts. Source link
Barclays to Buy U.S. Lending Startup Best Egg for $800 Million
The bet on U.S. consumer finance forms part of CEO C.S. Venkatakrishnan’s bid to boost the British bank’s stock. Source link
UPS Cuts 48,000 Jobs in Management and Operations
The company disclosed 14,000 white-collar job cuts. Shares rose more than 11%. Source link