Benzinga

8 hours ago | benzinga.com | Ananya Gairola

Alphabet Inc.'s GOOG GOOGL Google is reportedly telling some remote employees to adopt a hybrid schedule or accept a voluntary exit package as part of a broader cost-cutting effort. What Happened: Several teams within Google have notified remote workers that their jobs may be at risk if they do not begin working from the office at least three days per week, reported CNBC, citing internal documents. The directive applies even to employees who were previously approved for fully remote work.

10 hours ago | benzinga.com | Ananya Gairola

China's reported breakthrough in producing 5-nanometer chips without extreme ultraviolet (EUV) lithography has sparked warnings from tech leaders. What Happened: On Wednesday, William Huo, Intel Corp's INTC first chief representative in Beijing, took to X, formerly Twitter, and highlighted the report that China's Semiconductor Manufacturing International Corporation (SMIC) had manufactured 5 nm-class chips without using EUV tools. "BREAKING: China made 5nm chips without EUV.

11 hours ago | benzinga.com | Ananya Gairola

On Wednesday, Sen. Elizabeth Warren (D-Mass.) requested answers from Apple Inc. AAPL CEO Tim Cook, citing a pattern of "influence-peddling" between the iPhone-maker and the Donald Trump administration over the trade negotiations with China. What Happened: In a letter to Cook that was obtained by Bloomberg News, Warren questioned Apple CEO's involvement in securing tariff exemptions on Apple products after Trump threatened to impose duties as high as 145% on Chinese imports.

13 hours ago | benzinga.com | Ananya Gairola

In his final letter as Amazon.com's AMZN CEO, Jeff Bezos left more than business advice — he delivered a message that speaks to anyone fighting to stay authentic in a world built for conformity. What Happened: Bezos, who stepped down as Amazon's CEO in 2021 after founding the company nearly three decades earlier, used his final annual shareholder letter to share a powerful parting thought.

21 hours ago | benzinga.com | Akanksha Bakshi

General Dynamics Corp GD stock is trading lower on Wednesday after the company reported first-quarter fiscal 2025 results. Revenue for the quarter increased 13.9% year over year to $12.223 billion, beating the consensus of $11.99 billion. EPS was $3.66 (up 27.1% YoY), above the consensus of $3.47. Operating earnings increased 22.4% YoY to $1.268 billion, and the margin improved 70 bps to 10.4%.