‘Moore’s Law’s dead,’ Nvidia CEO Jensen says in justifying the gaming-card price hike

Nvidia Corp. Chief Executive Jensen Huang on Wednesday said he thinks it’s going to be “a pretty terrific Q4 for Ada,” the company’s next-generation chip architecture unveiled this week, even as critics balk of a price hike during a softening in consumer demand. Nvidia NVDA, +0.65% expects high demand for gaming chips using its next-generation … Read more

Nikola CEO Tells Jurors He Worried About Exaggerations by Company Founder Trevor Milton

Nikola Corp. CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton, “was prone to exaggeration in public statements.” Testifying in Mr. Milton’s securities-fraud trial, Mr. Russell said that before coming on board in 2019 as president of Nikola, … Read more

Why Adobe Wants Figma and Why Some Investors Are Worried

Adobe Inc., ADBE -3.12% the low-key maker of digital tools to create PDFs and edit photos, pleased investors by reinventing itself as a subscription-software business. Its latest effort to keep pace with the times isn’t landing so well. Adobe this past week unveiled its largest-ever acquisition, agreeing to buy Figma, a little-known software startup that … Read more

AT&T CEO says Wall Street critics are wrong about the company’s promotions

““We are actually gaining customers in a lot of different places and a lot of different ways, and there isn’t any single answer to it. And I know folks want to continue to go back and say, well, it’s a high level of promotion that’s doing it. And that’s actually not correct.”“ — AT&T CEO … Read more

Snap stock extends rally as CEO calls out ‘enormous’ opportunity

Snap Inc.’s stock was powering towards another session of strong gains Thursday in the wake of Chief Executive Evan Spiegel’s presentation at a conference as well as some upbeat analyst commentary about the social-media company’s internal targets and the state of the advertising market. Share SNAP, +9.34% were up 8.5% in Thursday afternoon trading, after … Read more

Smith & Wesson’s sales plunge to lowest level in 13 years, stock falls toward 2-year low

Smith & Wesson Brands Inc. reported its lowest quarterly sales total in more than 13 years Thursday, sending shares lower in after-hours trading, as gun demand cools from an early pandemic surge. Smith & Wesson SWBI, -1.03% reported fiscal first-quarter net income of $3.3 million, or 7 cents a share, on sales of $84.4 million, … Read more

Snap CEO Sees Challenges in Executing Turnaround Drive

Snap Inc. SNAP 6.41% Chief Executive Evan Spiegel said he’s bracing for a challenging turnaround period as the company tries to revamp itself and rekindle sales growth at a time when digital advertising spending is under pressure. “We’ve really got to focus on executing. It’s going to be difficult,” Mr. Spiegel said Wednesday at the … Read more

Asana stock rallies more than 20% after beat-and-raise quarter

Asana Inc. shares rallied in the extended session Wednesday after the collaboration software company raised its outlook for the year, following results that topped Wall Street expectations, and disclosed its chief executive bought $350 million in shares. Asana ASAN, +0.79% shares surged nearly 21% after hours, following a 0.8% rise in the regular session to … Read more

Quiet Quitters Make Up Half the US Workforce, Gallup Says

A word of warning to bosses: American workers are returning to offices after the summer break less happy than they’ve been in a long time. US employee engagement, a measure of involvement in the workplace and enthusiasm about work, has dropped since 2021, coinciding with the rise in job resignations. The number of workers who … Read more

Bed Bath & Beyond CFO who leapt to his death from New York skyscraper faced ‘pump and dump’ allegation just days earlier

Gustavo Arnal, the CFO of Bed Bath & Beyond who leapt to his death from a Manhattan skyscraper last week, had faced a “pump and dump” allegation less than two weeks earlier. On Friday Arnal fell to his death from the 18th floor of 56 Leonard Street, an iconic new skyscraper known as the “Jenga … Read more