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NextEra Energy’s efforts to kill the New England Clean Energy Connect transmission project is a sign of how the combined utility could stifle competition and harm consumers, the Maine senator said.
The Danish biotechnology company and partner AbbVie said a drug combination to treat lymphoma met the primary goal in a late-stage clinical trial.
Before you chase the SpaceX hype, here's what the data says about mega-IPOs in their first year -- and it's not pretty.
AVAV frames fiscal 2027 as a capacity and timing test, with budget delays, production build-outs and BlueHalo growth shaping its outlook.
The case for bundling media with distribution has weakened in the streaming era, but further M&A makes less sense.
Teledyne Technologies is expected to announce its second-quarter earnings soon, and Wall Street expects the company’s EPS to rise by double digits.
By Johann M Cherian and Tharuniyaa Lakshmi June 30 (Reuters) - European shares opened higher on Tuesday and were on track for their biggest quarterly rise in more than five years, boosted by optimism
Find insight on JD.com, Samsung Electronics, Quantinuum and more in the latest Market Talks covering Technology, Media and Telecom.
(Bloomberg) -- Chip stocks are heading for their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go. Most Read from BloombergYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsWhatsApp Opens Username Reservations to 3 Billion UsersUS St
BEIJING, June 30 (Reuters) - China's food delivery giant Meituan said on Tuesday it had released and would open-source its next-generation LongCat large language model, claiming it is the world's first trillion-parameter AI system trained and run entirely on a 50,000-chip cluster powered by Chinese-made processors. Meituan, often compared to DoorDash, is a late entrant to China's crowded and well-funded AI sector, where rivals include DeepSeek and ByteDance's Doubao.
Samsung Electronics and SK Hynix are making one of the biggest bets yet on the artificial intelligence boom with investments worth hundreds of billions of dollars, but the planned capacity buildout is stoking fears of a painful reckoning if AI spending cools. The tech giants won praise - and a deep bow - from President Lee Jae Myung after throwing their weight behind the government's semiconductor push, in an apparent departure from a previously restrained approach to capacity expansion shaped by decades of painful boom-and-bust cycles in the memory industry. Under the plan, the government hopes South Korea can double its memory chip production capacity within five years.
By Hyunjoo Jin and Heekyong Yang SEOUL, June 30 (Reuters) - Samsung Electronics and SK Hynix are making one of the biggest bets yet on the artificial intelligence boom with investments worth hundreds
Plunging crude oil prices don't tell the full story about inflation.
Investors will turn to Thursday’s employment data this week as they try to anticipate the Federal Reserve’s path for interest rates. The year started with expectations that a new Trump-appointed Fed chairman would lower rates.
Alphabet stock's nearly 5% gain yesterday helped push the Dow Jones Industrial Average higher on the Google parent's first day in the index. It was the best first-day for a new stock in the blue-chip average since Dow Inc.
(Bloomberg) -- The yen’s slide to its weakest against the dollar in four decades has left traders looking for Japan’s next line in the sand for the currency.Most Read from BloombergYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsWhatsApp Opens Username Reservations to 3 Billion UsersUS Stocks Get Tech Boost After AI-Fueled Selloff: Markets WrapPrabowo Risks Prompt Global Banks to Pull Cash Out of IndonesiaAfter dollar-
Fears continue to persist about a possible recession this year or in 2027.
Britain's competition regulator on Tuesday proposed allowing app developers to steer users to alternative payment options outside Apple and Google's app stores to cut fees and boost competition. The Competition and Markets Authority said the proposals would remove restrictions that currently prevent UK developers from directing users to off-platform payment options, which are banned by Apple and restricted by Google.
The outlook is concerning, but one potential scenario is disastrous.
Australia’s consumer watchdog is alleging that Amazon relied on unfair contract terms to introduce advertising to more than 850,000 local streaming customers.
(Bloomberg) -- It was supposed to be the deal that vaulted Mirae Asset Securities Co. into the global big leagues.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanUS Stocks Get Tech Boost After AI-Fueled Selloff: Markets WrapCook Stays at Fed But Trump Wins Power Over Other AgenciesPrabowo Risks Prompt Global Banks to Pull Cash Out of IndonesiaBut SpaceX’s record-breaking initial public offering
A pandemic winner, Nike couldn’t hold on to its gains and now trade at just a fraction of its 2021 highs.
(Bloomberg) -- Soaring global sales of Biscoff cookies are helping a Belgian food company extend a remarkable decade of stock market outperformance.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanUS Stocks Get Tech Boost After AI-Fueled Selloff: Markets WrapCook Stays at Fed But Trump Wins Power Over Other AgenciesPrabowo Risks Prompt Global Banks to Pull Cash Out of IndonesiaLotus Bakeries NV s
AeroVironment Inc (AVAV) reports a record-breaking quarter with $642 million in revenue, while navigating goodwill impairments and funding delays.
Asian shares were mostly higher on Tuesday, tracking Wall Street gains, while the Japanese yen was trading near a 40-year low against the U.S. dollar. Shares in South Korea, Japan and Taiwan rebounded from earlier losses spurred by selling of technology companies due to concerns over the sustainability of the boom in artificial intelligence. Chip equipment maker Tokyo Electron jumped 3.3%.
Honeywell Aerospace (HONA) shares rose Monday in their Nasdaq debut, opening above their when-issued closing price and trading as high as $238.19 as investors got their first look at a newly independent aerospace and defense company separated from Honeywell. Honeywell Aerospace had closed at ...
The Magnificent Seven group of megacap tech stocks has shed more than $2.3tn of value this month, in a violent rotation away from companies spending...
Apple supplier Luxshare Precision Industry is gauging investor interest for a $3.1 billion Hong Kong listing that would be the city’s largest so far this year, amid a fundraising frenzy for technology-related stocks.
This is nothing new to Xbox lovers. It isn't a cheap system. But it's the cheapest way to enter Microsoft's gaming universe. You buy the box and plug it into your TV. Later, you can spend money on games, controllers, subscriptions, and downloadable content. The deal no longer works like that. ...
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