JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase of a broader plan to inject the technology throughout the sprawling financial giant. The program, called LLM Suite, is already available to more than 60,000 employees,...
Boeing’s new outsider CEO Ortberg takes the helm, this time from the factory floor
Aerospace veteran Robert "Kelly" Ortberg becomes Boeing's new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. That enormous goal will involve thousands of daily decisions that will determine whether Boeing can earn back the trust of regulators, airlines and the public; end persistent...
Disney beats estimates as combined streaming services turn a profit
Disney reported its fiscal third-quarter earnings Wednesday, topping analyst estimates as its combined streaming businesses turned a profit earlier than expected. Here is what Disney reported compared with what Wall Street expected, according to LSEG: Earnings per share: $1.39 adjusted vs. $1.19 expected Revenue: $23.16 billion vs. $23.07 billion...
Yum Brands reports mixed results as Pizza Hut and KFC same-store sales fall
A sign in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024. Justin Sullivan | Getty Images Yum Brands on Tuesday reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales. "The impacts from the Middle East conflict, in addition to...