Rio Tinto posts lowest H1 profit in 3 years on weak iron ore prices, cuts dividend
(Reuters) -Rio Tinto slashed its interim dividend on Wednesday as the miner reported its lowest first-half underlying earnings in three
2023-07-26 14:50
Chip Heavyweight Hynix’s Revenue Beats as AI Lifts Memory Demand
SK Hynix Inc. reported better-than-expected revenue, declaring the memory chip market is recovering because of surging interest in
2023-07-26 08:28
Microsoft’s Azure Slowdown Overshadows Optimism About AI Growth
Microsoft Corp. posted tepid quarterly sales growth and forecast a continued slowdown in its Azure cloud-services business, overshadowing
2023-07-26 07:55
Carlyle Offers iRobot a $200 Million Bridge Loan to Ride Out Antitrust Review
If all goes as planned — and it’s a real if — iRobot Corp. will be gobbled up
2023-07-26 04:23
Mark Zuckerberg Faces House Judiciary Vote on Contempt of Congress Citation
Republicans on the House Judiciary Committee are preparing a contempt citation against Meta Chief Executive Officer Mark Zuckerberg
2023-07-26 03:46
Don’t try to time the market, KKR’s Stavros says
By Maiya Keidan Private equity firms should stay consistent in deploying capital even when facing a more challenging
2023-07-26 03:27
Spotify Shares Tumble After Revenue, Outlook Come Up Light
Spotify Technology SA fell as much as 13% in New York trading after the audio streaming giant reported
2023-07-25 23:17
Taiwan's TSMC to invest $2.9 billion in new plant as demand for AI chips soars
TSMC, the world's largest chipmaker, says it plans to invest nearly 90 billion New Taiwan dollars ($2.9 billion) to build an advanced chip plant in Taiwan, as it expands production to meet booming demand for artificial intelligence (AI) products.
2023-07-25 16:59
US Security Officials Reviewing Mubadala Fortress Deal, FT Says
The Committee on Foreign Investment in the US is reviewing Mubadala Investment Co.’s planned takeover of Fortress Investment
2023-07-25 15:47
Keyboard maker Logitech raises forecast for first half of 2024
(Reuters) -Logitech International raised its sales and profit outlook for the first half of the financial year 2024 on Tuesday
2023-07-25 14:28
China promises more support to boost 'tortuous' economic recovery
China's top leadership has vowed to do more to support a "tortuous" economic recovery, which has lost steam after an initial burst of activity early in the year.
2023-07-25 13:27
Musk Explains Why He’s Dumping Twitter Name and Iconic Bird Logo
Elon Musk on Monday explained his decision to strip Twitter of its famous blue-bird logo as a move
2023-07-25 11:58