(Reuters) -Newmont Corp beat Wall Street expectations for second-quarter profit on Wednesday, as the world’s biggest gold miner benefited from robust production and easing costs. Attributable gold production rose to 1.61 million ounces in the second quarter from 1.24 million ounces a year earlier, the company said. Analysts had expected production of 1.56 million ounces, […]
Exclusive-Nvidia clears Samsung’s HBM3 chips for use in China-market processor, sources say
By Fanny Potkin and Heekyong Yang SINGAPORE/SEOUL (Reuters) – Samsung Electronics’ fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said. But it is somewhat of a muted greenlight as Samsung’s HBM3 chips will, for now, only […]
Chipotle beats sales estimates on strong burrito demand; shares soar
(Reuters) -Chipotle Mexican Grill surpassed market estimates for quarterly sales on Wednesday as demand for its rice bowls and burritos held up even as prices increased, lifting its shares about 15% in extended trading. The California-based chain has been able to buck a larger slowdown in customer traffic within the U.S. restaurant industry, partly because […]
Tesla’s bleak margins sour investors as Musk hypes everything but cars
By Deborah Mary Sophia and Reshma Rockie George (Reuters) -Tesla shares sank more than 11% on Wednesday as its shrinking auto-sales margins disappointed investors after top boss Elon Musk hyped the company’s investment plans for AI and self-driving technologies. The electric automaker posted profit margin that fell to a five-year low on Tuesday and its […]