July 4, 2024
Huawei Executive Dismisses AI Chip Shortage Concerns, Advocates Innovation
Key Points: A senior executive at Chinese technology giant Huawei, Zhang Ping’an, CEO of Huawei Cloud, dismissed concerns that a shortage of advanced artificial intelligence
Tesla’s Strong Deliveries Report Leads to Heavy Losses for Short Sellers
Key Points: Tesla’s recent report on better-than-expected second-quarter deliveries has significantly affected traders betting against the electric vehicle maker’s stock. The shares have surged 17%
European Stock Markets Edge Higher Amid Political Developments and Wall Street Gains
Key Points: European stock markets edged higher on Thursday, buoyed by overnight gains on Wall Street and investor focus on regional political developments. At 4:40 AM
Microsoft Agrees to $14 Million Settlement Over Leave Discrimination Claims in California
Key Points: Microsoft Corp (MSFT.O) has agreed to pay $14 million to settle claims from the California Civil Rights Department that it unlawfully penalized workers
Samsung Electronics to Report 13-Fold Increase in Q2 Profit Amid AI Demand Surge
Key Points: Samsung Electronics (005930.KS) is projected to report a 13-fold increase in second-quarter profit compared to last year, driven by surging demand for artificial
