Technology

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.

Apple’s CEO Tim Cook Engages in Strategic Talks with Chinese Leaders

In a strategic endeavor to bolster Apple’s presence in China and navigate ongoing challenges, Apple CEO Tim Cook recently traveled to Beijing. In a...

Singles’ Day 2023: China’s Grand E-commerce Duel

As China's colossal Singles’ Day shopping festival approaches, e-commerce behemoths are rolling up their sleeves, readying to entice customers in what is arguably the...

Investors Shift From TSMC to ASML Amid Rising Taiwan Tensions

As the political pressure from China on Taiwan grows, certain equity investors are shifting their focus from the globally renowned Taiwan Semiconductor Manufacturing Co...

FCC Advances Net Neutrality Revival: Implications and Industry Reactions

The US Federal Communications Commission (FCC) has recently voted in favor of restoring the principle of net neutrality, emphasizing that high-speed internet should be...

Tim Cook Visits China: Apple’s Efforts to Strengthen Ties and Adapt to Regulatory Changes

Amidst an evolving regulatory landscape in China, Tim Cook, Apple’s chief executive, made his second trip to the country this year, engaging in a...

Gemini and Genesis Face New York Lawsuit Over Alleged Cryptocurrency Fraud

New York's top legal authority launched a lawsuit against well-known cryptocurrency entities, Gemini Trust Company and Genesis, alleging deceptive practices that resulted in colossal...

Chinese Tech Giants Invest Heavily in AI Startup Zhipu AI

In a testament to the escalating interest in artificial intelligence (AI) within China, renowned tech behemoths Alibaba Group Holding and Tencent Holdings have come...

New US Export Controls Impact China’s Semiconductor Production

The semiconductor landscape is shifting rapidly as new US export controls target China’s chip-making industry. These comprehensive changes, detailed in a 121-page report by...

Chengdu Welcomes World: 81st World Science Fiction Convention Kicks Off in China

China's Chengdu Hosts 81st World Science Fiction Convention: A Spectacular Celebration of Sci-Fi Chengdu, China – The 81st World Science Fiction Convention, or WorldCon, made...

Indonesia’s First High-Speed Railway Unveiled: Jakarta-Bandung HSR Revolutionizes Transport

JAKARTA, Indonesia - In a momentous leap forward for Indonesia's transportation landscape, the Jakarta-Bandung High-Speed Railway (HSR) officially commenced commercial operations on Tuesday, marking...

China’s Quantum Leap: Breakthrough in Quantum System Cooling Tech

In a remarkable feat of technological advancement, China has achieved a groundbreaking milestone in the field of quantum computing. According to reports from Ecns.cn,...

Unveiling China’s Mega Bozi-Dabei Ultra-Deep Gas Field: A New Energy Era

In a monumental step towards enhancing its energy resources, China has officially inaugurated its largest ultra-deep condensate gas field, situated in the Xinjiang Uygur...

Tesla’s Margins Under Pressure: What to Expect in Q3 & Beyond

Tesla (TSLA.O) has been a trailblazer in the electric vehicle (EV) industry, but as we move into the latter part of 2023, the company...

Costa Rica’s 5G Security Concerns Strain Ties with China: A Deep Dive

In recent developments, Costa Rican officials have expressed concerns about the involvement of Chinese companies in the development of 5G networks, citing cybersecurity threats....

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