Advanced Micro Devices delivered a third-quarter earnings and revenue beat on Tuesday. You wouldn’t know it by looking at the stock reaction. For the third quarter , the company earned an adjusted $1.20 per share on revenue of $9.25. Sales increased 36% from this time last year. Analysts polled by LSEG had expected earnings of $1.16 and $8.74 billion in revenue. But the company sees an adjusted gross margin of 54.5% for its current quarter, meeting StreetAccount’s consensus of 54.5%. The in-line margin guidance, combined with lofty valuations heading into the report, kept shares under pressure after the earnings release.…
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Zhang Lei, founder and chairman of Hillhouse Investment, during the Global Financial Leaders’ Investment Summit in Hong Kong, China, on Wednesday, Nov. 5, 2025. Bloomberg | Getty ImagesAsia-focused private equity managers are turning more bullish on the world’s second-largest economy, betting on Beijing’s drive for technological self-sufficiency and rapid adoption to deliver the next phase of growth.Jean Eric Salata, chairman of EQT Asia, said that the strategic priorities outlined in Beijing’s new five-year plan are poised to deepen China’s edge in advanced manufacturing, bolster investment in technology and artificial intelligence, and boost consumption.”I’m actually bullish on China — and very…
Chinese EV company Xpeng showed off its newest humanoid robot in Guangzhou on Nov. 5, 2025.CNBC | Evelyn ChengGuangzhou, CHINA — Chinese electric car company Xpeng plans to launch robotaxis next year after previously claiming it wouldn’t be a real business in the near future and took the wraps off of its latest humanoid robot model. Xpeng’s technology push mirrors one of its key rivals Tesla, as the Guangzhou, China-headquartered company looks to position itself as more than just an electric car firm. The automaker announced on Wednesday as part of its “AI Day” that it is launching three robotaxi…
A turbine blade is lifted onto a rack near tower sections at the Revolution Wind project assembly site at State Pier in New London, Connecticut, US, on Friday, Oct. 24, 2025.Bloomberg | Bloomberg | Getty ImagesDanish renewables giant Orsted on Wednesday reported a quarterly net loss as the beleaguered company continues to battle U.S. President Donald Trump’s anti-wind policies.The world’s biggest offshore wind farm group posted a net loss of 1.7 billion Danish kroner ($261.8 million) for the July-September period. The result, which was slightly better than analysts feared, was significantly down from profit of 5.17 billion Danish kroner in…
Sometimes less is more, and that may be the case for Yum Brands , according to Evercore ISI. The firm upgraded the fast-food conglomerate to outperform from in line. It also hiked its price target to $180 from $165, signaling 20% upside from Tuesday’s close. The rating change comes a day after Yum Brands said it was exploring strategic options for its struggling Pizza Hut business, including a sale. Offloading that franchise could give the stock a long-term boost, analyst David Palmer wrote. “With an anticipated sale of Pizza Hut, our 2027e EPS drops from $7.64 to ~$7.10. That said,…
A box of Ozempic sits on a table in North Tyneside, Britain, Oct. 31, 2023.Lee Smith | ReutersDanish pharmaceutical giant Novo Nordisk said Wednesday it is lowering its growth expectations for its key obesity and diabetes treatments.Net profit for the quarter came in at 20 billion Danish kroner ($3.1 billion) in line with the 20.12 billion Danish kroner anticipated by analysts in a FactSet poll.Diabetes and obesity care were a key growth driver following the uptake of Wegovy and Ozempic, however the company lowered its expectations for growth, citing prescription trends, competition and pricing pressure.Sales of its blockbuster weight loss…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchAlthough her next Budget remains three weeks away, exhausted political commentators are already confident of some measures to be announced by Rachel Reeves, the U.K.’s finance minister.One is a further extension of the freeze in the thresholds at which people begin to pay the basic and higher rates of income tax.Another is a 4% rise in the National Living Wage (NLW) — the minimum hourly wage British employers must pay workers aged 21 or over — to £12.70 ($16.56) from the start of…
A sign with the Toyota logo in Surrey, England on August, 2023Peter Dazeley | Getty Images News | Getty ImagesToyota Motor on Wednesday missed operating profit estimates for the quarter ended September as the Japanese auto giant bears the brunt of U.S. tariffs. Here are Toyota’s September quarter results compared with mean estimates from LSEG:Revenue: 12.38 trillion yen (about $81 billion) vs. 12.18 trillion yenOperating profit: 834 billion yen vs. 863.1 billion yenThe world’s largest carmaker by sales volume reported a nearly 28% drop in profit , year on year, while revenue increased over 8%.The company released 6-month results — from…
A jobseeker holds a brochure during a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. Lauren Petracca | Bloomberg | Getty ImagesEmployment opportunities hit their lowest level in more than 4½ years as October came to a close and the government shutdown dragged on, according to data from jobs site Indeed.The firm’s Job Postings Index fell to 101.9 as of Oct. 24, the most recent point for which data is available. That’s the lowest since early February 2021 for a measure that uses February 2020 as a…
The logo of McDonald’s is seen in Los Angeles, California.Lucy Nicholson | ReutersMcDonald’s is expected to report its third-quarter earnings before the bell on Wednesday.Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report:Earnings per share: $3.33 expectedRevenue: $7.1 billion expectedThe fast-food giant, often seen as a bellwether for the financial health of consumers, has spent more than a year sounding the alarm about a pullback in spending from low-income diners. But Wall Street is anticipating that McDonald’s will report same-store sales growth for the second straight quarter, showing that its value strategy is winning over customers.Kicking…
