Business

Qualcomm Stock Jumps 10% on $4 Billion Amazon Custom Chip Deal

Qualcomm shares rose about 10% after unveiling a roughly $4 billion custom chip partnership with Amazon for AI data centers, challenging Nvidia's lead.

Dow Sheds 500 Points as Oil Nears $100 on Saudi Houthi Attacks

The Dow dropped about 500 points Wednesday as Houthi attacks on Saudi Arabia injured 73 and drove oil toward $100 a barrel.

Dow Slides 400 Points as US-Iran Strikes Push Oil to Six-Week High

The Dow slid roughly 400 points as renewed U.S.-Iran attacks pushed Brent crude to a six-week high, with energy shares leading a mixed Wall Street session.

GE Aerospace to Buy Castings Maker CPP for $11.75 Billion

GE Aerospace said on Tuesday it will acquire castings maker Consolidated Precision Products for $11.75 billion from Warburg Pincus and Berkshire Partners.

UK Bans Trade From Israeli West Bank Settlements, Drawing US and Israeli Criticism

Britain said on Tuesday it will ban goods from Israeli settlements in the occupied West Bank, drawing criticism from the US, Israel and some British MPs.

Hong Kong Court Grants Kaisa Group Seven-Week Extension for Debt Restructuring

A Hong Kong court has granted Chinese property developer Kaisa Group a seven-week extension to finalize its debt restructuring plan, adjourning a liquidation petition...

China Urges EU to Revoke Preliminary Tariffs on Electric Vehicles Amid Trade Tensions

China is urging the European Union to cancel its preliminary tariffs on Chinese electric vehicles (EVs) by July 4, following an agreement to hold...

ByteDance Collaborates with Broadcom on Advanced AI Processor Amid U.S.-China Tensions

China's ByteDance is collaborating with U.S. chip designer Broadcom to develop an advanced AI processor, according to sources familiar with the matter. This strategic...

Shein Faces Challenges for U.S. IPO Amid Rising U.S.-China Tensions, Considers London Listing

China-founded e-commerce company Shein is encountering growing obstacles in its pursuit of going public in the United States, according to experts, as escalating tensions...

Regulators Identify Weaknesses in Resolution Plans of Major U.S. Banks

Banking regulators revealed on Friday that they found weaknesses in the resolution plans of four of the eight largest American lenders. The Federal Reserve...

Eli Lilly Seeks FDA Approval for Zepbound to Treat Obstructive Sleep Apnea

Eli Lilly has applied for U.S. approval of its weight loss drug Zepbound to treat obstructive sleep apnea (OSA), the most common sleep-related breathing...

U.S. Existing Home Sales Hit 30-Year Low Amid Record Prices and High Mortgage Rates

Sales of previously owned homes in the U.S. remain at a 30-year low, showing minimal movement in May as home prices reach new highs...

Forever 21 Seeks Rent Reductions Amid Struggles with Competition and Declining Sales

Forever 21 is requesting significant rent reductions from landlords as it faces declining sales and stiff competition in the fast-fashion market. The retailer, which...

JPMorgan Sees Positive Signs in China, Bolsters Investment in Ukraine

JPMorgan Chase is observing signs of economic improvement in China that are expected to boost the bank's business in the region, according to Mary...

State Street, BNP Paribas, and Caceis Eye HSBC Germany’s Fund Administration and Custody Units

State Street, BNP Paribas, and Caceis are emerging as potential bidders for HSBC Germany's fund administration unit INKA and its custody business, according to...

Surge in Electric Vehicle Sales in Southeast Asia Driven by Chinese and Vietnamese Automakers

Electric vehicle (EV) sales are experiencing a significant surge in Southeast Asia, primarily driven by China's BYD and Vietnam's VinFast, as they make inroads...

China Urges Visa and Mastercard to Lower Transaction Fees for Foreign Cards

China is urging Visa and Mastercard to reduce their bank card transaction fees in the country to facilitate payments for foreign visitors, according to...

Bank of Japan Signals Potential Rate Hikes Amid Economic Recovery

Bank of Japan Deputy Governor Shinichi Uchida announced on Friday that the central bank is prepared to "adjust the degree of monetary support" if...

SoftBank’s Masayoshi Son Emphasizes AI and Robotics as Key to Future Growth

SoftBank Group CEO Masayoshi Son emphasized on Friday that the group's mission is to advance humanity by realizing artificial superintelligence, which he predicts will...

- A word from our sponsors -

spot_img

Follow us

HomeBusiness