Two New York Fabs, Paid For From Tokyo
MALTA, N.Y. — This town north of Albany has been making semiconductors for more than a decade. On Wednesday it became the site of an arrangement that has rarely been…
State Street’s Record Custody Book, a Revenue Miss
The asset figures State Street reported Wednesday were the largest in the company’s 234-year history. The revenue line was not large enough. The Boston-based custody bank said assets under custody…
BlackRock’s $205 Billion Quarter, With a Warning About Building
Larry Fink had a message Wednesday for the local officials and candidates campaigning against data centers in their towns, and he delivered it to a television audience rather than to…
Morgan Stanley’s Equity Desk Carries the Quarter
Ted Pick opened his remarks to investors Wednesday by pointing at a franchise rather than a forecast. Morgan Stanley’s equities traders produced $5.8 billion of revenue in the third quarter,…
A $1.2 Billion Penalty and a Trading Miss at Bank of America
Brian Moynihan told analysts in September that trading revenue would come in roughly flat for the third quarter. On Wednesday morning, the chief executive of Bank of America had to…
Netflix Cuts 1,000 Jobs as Growth Slows
Employees at Netflix learned on Wednesday morning that roughly 1,000 of them were being let go. Co-Chief Executives Ted Sarandos and Greg Peters announced the cuts, about 6% of the…
TSMC’s Sixth Straight Record Quarter Meets a Higher Bar
Taiwan Semiconductor Manufacturing has already told investors most of what it earned last quarter. What it has not told them is what it expects next, and that is the part…
Musk Backs Micron’s Memory Prices and Faults Its Rivals
The post arrived at 5:52 p.m. Eastern on Oct. 13, a reply from Elon Musk to an investor summarizing a JPMorgan note about the memory chip market. In two sentences,…
Workday Buys C1.ai to Decide Which Agents Get Access
At Workday’s customer conference in Las Vegas this week, executives spent much of their time describing a workforce that includes software agents doing work on their own. The purchase the…
Siemens Buys the Exclusive Rights to a Supercapacitor Maker’s Data-Center Line
Inside an artificial-intelligence data center, the electrical load swings in milliseconds as racks of accelerators switch between heavy computation and near idle. The grid and the backup systems around them…
