Second quarter results of chip maker Nvidia fell short of Wall Street’s expectations with respect to revenue and earnings per share. The report is consistent with Nvidia’s two weeks ago preliminary earnings. The chipmaker issued a warning that it would… Read More ›
Salesforce reported earnings and revenue that exceeded analysts’ expectations, but provided a disappointing outlook for fiscal 2023. In extended trading on Wednesday, the stock fell 7per cent . The enterprise software maker announced that its board of directors has approved… Read More ›
Nato is assessing the impact of a data breach involving classified military documents that was sold online by a hacker group. The information includes blueprints for weapons used by Nato allies in the Ukraine conflict. After stealing data linked to… Read More ›
The Saudi Arabian signals that OPEC might reduce output helped oil prices end the day higher on Friday, but trading was choppy as investors processed and ultimately discounted the head of the U.S. Federal Reserve’s warnings about impending economic hardship…. Read More ›
It is not anticipated that Amazon will make a bid to purchase Electronic Arts, according to reports citing sources. After USA Today reported that Amazon would reveal Friday that it plans to make a bid for the video game publisher,… Read More ›
According to a report in the Sankei newspaper on Wednesday, Honda Motor Co. Ltd. is thinking about creating a different supply chain to lessen its reliance on China. This would be a highly visible move by a significant Japanese manufacturer…. Read More ›
China declared its first drought emergency of the year as the country battles the record-breaking heatwave, causing the Yangtze River to dry up in some areas and placing stress on the power grid. After China’s central and southern provinces endured… Read More ›
Allianz SE is in talks with Chinese banks to establish a majority-owned asset management venture in the world’s second-largest economy, with the goal of tapping a $4.3 trillion market for wealth products, according to a Reuters report quoting two people… Read More ›
Elon Musk has filed a court summons against Twitter co-founder Jack Dorsey as part of his legal battle with the tech company. Musk is attempting to terminate his $44 billion deal with Twitter, claiming that the company failed to provide… Read More ›
Ethereum appears to be undergoing a massive update. At long last. The “Merge,” which has been delayed for years, appears to be on track for September, with the blockchain’s encryption undergoing a fundamental shift to a system in which the… Read More ›
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