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Search resuls for: "Aditya Soni Nivedita Balu"


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☆ Tucker Carlson's exit from Fox News may be ratings bane, advertising boon
  + stars: | 2023-04-25 | by ( Aditya Soni Nivedita Balu | Aditya Soni | Nivedita Balu | ) www.reuters.com   time to read: +3 min
April 25 (Reuters) - Star host Tucker Carlson's abrupt exit from Fox News is likely to hit short-term ratings but could nudge more mainstream advertisers to consider a network they have snubbed for being too partisan, investors and analysts said. News of his departure on Monday wiped nearly $1 billion from the market valuation of the network's parent company, Rupert Murdoch-controlled Fox Corp (FOXA.O). "It's a huge deal," said Matthew Tuttle, head of Tuttle Capital Management, an investment firm that is betting against Fox shares. The conservative-leaning Carlson's prime-time show was the highest-rated cable news program in the key 25-to-54 age demographic on Fox News - the most-watched U.S. cable news network. It's likely that advertisers who were seeking that audience may have limited other options for conservative news viewership without skewing too conservative."
☆ Intel's 'historic collapse' set to erase $10 billion from market value
  + stars: | 2023-01-27 | by ( Aditya Soni Nivedita Balu | Aditya Soni | Nivedita Balu | ) www.reuters.com   time to read: +2 min
Jan 27 (Reuters) - Intel Corp (INTC.O) was set to erase nearly $10 billion in market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business. The company has been steadily losing market share to rivals like AMD, which has used contract chipmakers such as Taiwan-based TSMC (2330.TW) to make chips that outpace Intel's technology. Intel, which plans to cut $3 billion in costs this year, generated $7.7 billion in cash from operations in the fourth quarter and paid dividends of $1.5 billion. With capital expenditure estimated to be around $20 billion in 2023, analysts said the company should consider cutting its dividend.
☆ Intel's 'historic collapse' erases $8 billion from market value
  + stars: | 2023-01-27 | by ( Aditya Soni Nivedita Balu | Aditya Soni | Nivedita Balu | ) www.reuters.com   time to read: +3 min
Jan 27 (Reuters) - Intel Corp (INTC.O) saw about $8 billion wiped off its market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business. The company has been steadily losing market share to rivals like AMD, which has used contract chipmakers such as Taiwan-based TSMC (2330.TW) to make chips that outpace Intel's technology. Intel, which plans to cut $3 billion in costs this year, generated $7.7 billion in cash from operations in the fourth quarter and paid dividends of $1.5 billion. With capital expenditure estimated to be around $20 billion in 2023, analysts said the company should consider cutting its dividend.
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