On Thursday, the Nikkei 225 achieved a historic peak, driven by solid earnings and investor-friendly measures, with banking, tech rallies, and consumer stocks leading the remarkable momentum in Japanese equities. Japan’s index rose by 2.19% to ¥39,098.91 (or $260.04) per share in the closed session, while its futures ending in March climbed by 1.06% to …
Nikkei Hits Record High on Bank and Tech Stock Triumph Read More »
XS.com expands its footprint in South Africa by taking over Ubutyebi Financial Services, a local financial service provider. The company revealed this Wednesday that it has established a new branch, XS ZA, after obtaining authorization from the local Financial Sector Conduct Authority. Wael Hammad, Group Chief Commercial Officer, noted that XS.com strategically targets growth within …
On Wednesday, Intel announced the relaunch and expansion of its foundry services, with Microsoft as its first client in a $15.00 billion deal. Moreover, it touted that its 18A manufacturing process can produce semiconductors on par with the best offerings of TSMC and Samsung. Microsoft CEO Satya Nadella expressed confidence in its newest collaborator’s capabilities …
Intel Reboots Foundry Business in Partnership with Microsoft Read More »
On Wednesday, Nvidia stock declined overnight ahead of its fourth-quarter earnings report, pulling most Asian stocks on edge. Nvidia stock significantly eased by -4.35% to $694.52 apiece in the closed session and continues its downtrend in the after-hours trading by declining -1.94% to $681.03 per stock. Moreover, the Santa Clara-based firm experienced a significant dip …
Nvidia Stocks Slide Ahead Q4 Earnings, Asian Chipmakers Dip Read More »
US President Joe Biden’s administration is reportedly set to provide a group of Midwestern governors the green light to conduct year-round sales of E15 gasoline, although it is only expected to start in 2025. Two sources with knowledge of the matter stated that the White House would approve a 2022 request from 8 state governors, …
Biden to Permit Year-Round E15 Sales Starting 2025: Report Read More »
On Tuesday, insiders claimed that Microsoft is working on a new network card to reduce reliance on Nvidia artificial intelligence (AI) chips. CEO Satya Nadella appointed Pradeep Sindhu, co-founder of AI networking platform Juniper Networks, to head the project. Moreover, Sindhu co-founded Fungible, a data center software and hardware developer that Microsoft acquired in January …
Microsoft Develops AI Server Gear to Ease Nvidia Dependence Read More »
On Tuesday, sources said that Zee Entertainment is making a last attempt to revive talks with Sony Group for their $10B merger agreement from January 22. Zee Entertainment stocks surged by 10.00% to ₹196.50 per share, while Sony closed the session declining by 3.44% to $88.83 apiece. According to reports, both parties have been working …
Zee Reportedly Tries to Revive Merger Talks with Sony Read More »
Anglo-Australian mining giant BHP Group Ltd. on Tuesday saw its profit decline in the first half, as the company received a blow from a write-down of its nickel assets and Brazil iron ore holdings. BHP stated that its underlying profit from continuing operations in the six months ending December 31 stood at $6.6 billion. However, …
BHP Profit Falls on Nickel, Brazil Iron Ore Asset Write-Down Read More »
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