Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the Q3 on strong demand for artificial intelligence (AI) servers. Foxconn is building the world's largest manufacturing facility making the Nvidia GB200 chip to help meet "awfully huge" demand for the AI darling's Blackwell platform, a senior executive at the Taiwanese company said on Tuesday. The post Foxconn Posts Record Q3 Revenue on Surging AI Server Demand appeared first on Industry Leaders Magazine ..read more

Spirit Airlines stock falls to a record low on Friday following rumors of a bankruptcy filing. The post Spirit Airlines Considers Filing for Bankruptcy as Stock Plunge appeared first on Industry Leaders Magazine ..read more

Samsung Electronics quarterly profit is expected to see more than a four-fold jump on Tuesday. The jump in quarterly profit was seen on improving demand for chips, but the pace of its recovery is weakening, as it is slow to cash in on the artificial intelligence (AI) boom. The world's top maker of memory chips, smartphones and TVs Samsung’s operating profit, stood at 10.33 trillion won ($7.67 billion) in the quarter ended September 30. This is as per an average from 29 analysts with LSEG SmartEstimate. The post Samsung Posts Profit Jump Amid Weakening AI Chip Demand appeared first on Industry ..read more

Virtual leadership is the practice of managing teams via a remote working environment. It refers to overseeing team members working in different locations or time zones. Virtual leaders usually rely on technology to communicate with remote employees and delegate tasks or responsibilities. Virtual leadership is a management approach that facilitates online communications, differing from other leadership styles that focus on face-to-face interactions. Although their leadership responsibilities remain the same, virtual leaders administer them through different means. It allows them to show their ..read more

Levi Strauss has trimmed its annual earnings forecast as the overall revenue of its third fiscal quarter was lower than expected. On Wednesday, Levi’s stocks fell more than 8% in trading. While the sales at Levi’s brand saw growth of 5% the overall revenue for the third quarter narrowed to much lower than expected. Dockers […] The post Levi Strauss shares fell after the company reduced its annual revenue forecasts. appeared first on Industry Leaders Magazine ..read more

Tesla posted its Q3 vehicle production and deliveries report on Wednesday. The Levi Strauss stock fell as much as 3.7% after the delivery report. Analysts were expecting deliveries of 463,310 in the period ended September 30, according to estimates compiled by FactSet StreetAccount. The post Tesla’s Q3 Delivery Miss Sparks Concerns, Stock Drops appeared first on Industry Leaders Magazine ..read more

Nike share price tumbled by 6% in after-market trading as it withdrew annual revenue forecast on Tuesday. The pull out of the revenue forecast came just as a new CEO is set to take the helm at the sportswear giant. Also Nike is staring at a holiday season likely to be filled with discounts and weak traffic on its website and mobile apps. The post Nike Stock Drops 6% with Revenue Forecast Withdrawal and Low Sales appeared first on Industry Leaders Magazine ..read more

McCormick & Co. Share price rose on Tuesday as the spice maker posted better-than-expected results on its product offerings and cost-cutting. Hot sauce maker McCormick raised its annual earnings forecast after posting better-than-expected Q3 results. Banking on consumers choosing to make meals at home to curb discretionary spending amid sticky inflation gave McCormick confidence to increase the annual earnings forecast. Shares of the company were up about 2% in premarket trading. The post McCormick Raises Earnings Forecast After Strong Q3 Results, Shares Rise appeared first on Industry Lea ..read more

Tesla and its CEO Elon Musk on Monday won dismissal of a shareholder lawsuit alleging misleading statements about self-driving capabilities that popped up its stock price. Although Tesla still faces numerous other complaints and regulatory investigations of its marketing. Musk declared in April that Tesla is “going balls to the wall for autonomy” while committing the car maker to a next-generation, self-driving vehicle concept called the robotaxi. The billionaire entrepreneur has touted autonomy for over a decade, and has persuaded customers to pay thousands of dollars for its Full Self-Drivin ..read more

The CEO of hospital operator Steward Health Care, which filed for bankruptcy protection in May, resigns after failing to testify before a U.S. Senate panel. Ralph de la Torre will step down as CEO of troubled Steward Health Care next week, the company said on Saturday, after he was held in criminal contempt by the U.S. Senate for refusing to testify about cost-cutting decisions at the group's 31 hospitals before it filed for bankruptcy. The post CEO of Bankrupt Steward HealthCare Resigns After Senate Contempt Ruling appeared first on Industry Leaders Magazine ..read more