Past stories from the archive
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Elf Beauty Shares Plunge on Weak Fiscal 2026 Outlook, Tariff Costs Elf Beauty Inc. shares experienced a significant decline in extended trading on Wednesday after the cosmetics company issued an annua…
Anthropic Nears First Quarterly Profit, Agrees to Pay SpaceX $1.25 Billion Monthly for Computing Power San Francisco-based AI firm Anthropic is reportedly nearing its first quarterly operating profit,…
Nvidia Forecasts Quarterly Revenue Above Estimates, Announces $80 Billion Share Buyback Nvidia on Wednesday forecast second-quarter revenue above Wall Street expectations and announced an $80 billion…
Intuit to Cut 17% of Workforce After Missing Quarterly Revenue Estimates Intuit (NASDAQ: INTU), the parent company of TurboTax and QuickBooks, announced plans on Wednesday to cut 17% of its full-time…
SpaceX IPO Filing Brings Musk's Interplanetary Ambitions to Wall Street Elon Musk's aerospace company, SpaceX, filed for a stock market debut on Wednesday, in a move that could potentially become the…
Nvidia Projects Billions in CPU Revenue, Intensifying Data Center Competition Nvidia, a dominant force in graphics processors, is expanding its ambitions into the central processing unit (CPU) market,…
Samsung Electronics Workers Set for Strike After Wage Talks Collapse, Shares Decline More than 47,000 workers at Samsung Electronics are preparing to begin an 18-day strike on Thursday, May 21, follow…
EU Reaches Provisional Agreement to Finalize US Trade Deal The European Union struck a provisional agreement on Wednesday, May 20, on legislation aimed at removing import duties on U.S. goods. This de…
Meta Begins Global Job Cuts, Singapore Staff Among First Affected Meta Platforms Inc. has initiated its latest round of global job reductions, with staff in its Asian hub of Singapore among the first…
Analog Devices to Acquire Empower Semiconductor for $1.5 Billion to Boost AI Power Portfolio Analog Devices Inc. (ADI) is set to acquire Empower Semiconductor for approximately $1.5 billion in an all-…
Roblox Authorizes First Share Buyback Program Valued at Up To $3 Billion Roblox Corp. (RBLX), the popular online gaming platform, has announced the authorization of its first-ever share repurchase pro…
SEC Readies Plan for Trading Crypto Versions of Stocks, Bloomberg Reports The U.S. Securities and Exchange Commission (SEC) is reportedly preparing to introduce a comprehensive framework that would pe…
Meta Plans May 20 Layoffs, Restructuring Focused on AI Meta Platforms (META.O) is preparing to implement layoffs affecting 10% of its global workforce this week, alongside a significant restructuring…
Google, Blackstone Plan AI Cloud Venture with $5 Billion Backing, WSJ Reports Alphabet's Google and investment firm Blackstone are reportedly planning to launch a new artificial intelligence (AI) clou…
Analog Devices in Talks to Acquire Empower Semiconductor for $1.5 Billion, Bloomberg Reports Analog Devices Inc. is in advanced discussions to acquire privately held Empower Semiconductor for approxim…
California Jury Sides with OpenAI in Elon Musk Lawsuit A federal jury in Oakland, California, on Monday ruled against Elon Musk in his lawsuit against OpenAI and its top executives. The jury found tha…
Volvo Group Agrees to $197 Million California Emissions Settlement Truckmaker Volvo Group has agreed to a $197 million settlement with the California Air Resources Board (CARB) over alleged emissions…
Samsung Electronics, Union Extend Talks to Avert Strike Amid Global Chip Shortage SEOUL – Samsung Electronics and its South Korean labour union have extended negotiations in an effort to prevent a str…
China's Economic Slowdown in April Reignites Stimulus Discussions China's economic growth experienced a broad slowdown in April, with investment resuming declines, prompting renewed discussions about…
Iran's Nobitex Exchange, Trump Crypto Venture Linked to Shared Blockchain Networks Iran's largest cryptocurrency exchange, Nobitex, has processed billions of dollars through blockchain networks establ…
