Key Points The European Commission has fined Meta €797.72 million (approximately $840 million) for antitrust violations. The Commission accused the company of unfairly linking its
Key Points Rivian Automotive, Inc. (RIVN.O), the American electric vehicle (EV) maker, announced a major investment from Volkswagen. The German auto giant committed $5.8 billion
Key Points The Central Bank of Brazil cautioned that worsening inflation expectations could lead to prolonged monetary tightening days after policymakers accelerated their interest rate
Key Points Spanish investment fund Asterion Industrial Partners and telecommunications giant Telefonica announced the sale of their joint venture Nabiax, a prominent Spanish data center
Key Points A major driver behind President-elect Donald Trump’s support in the 2024 election was inflation, with many of his 73.5 million voters casting ballots
Key Points Toyota is setting ambitious goals for its future in China, aiming to produce at least 2.5 million vehicles annually by 2030 in the
Key Points Taiwan Semiconductor Manufacturing Co. (TSMC) has informed Chinese chip design firms that it will suspend production of advanced AI chips following new U.S.
Key Points The U.S. Federal Reserve is anticipated to reduce its benchmark interest rate by a quarter percentage point after its policy meeting on Thursday,
Key Points As Donald Trump nears victory in the U.S. presidential election, China has expressed its intention to work with the U.S. based on mutual
Key Points South Korea’s Hyundai Engineering & Construction Co. (Hyundai E&C) has signed a significant contract to design two nuclear reactors at Bulgaria’s Kozloduy nuclear
Key Points Over 32,000 Boeing machinists are set to vote Monday on a new contract proposal that could end a seven-week strike disrupting the company’s
Key Points This week, cloud computing was in the spotlight on Wall Street. Google’s cloud growth outpaced its rivals, signaling promising artificial intelligence (AI) traction
Key Points On Friday, U.S. oil giants Exxon Mobil (XOM.N) and Chevron (CVX.N) reported better-than-expected third-quarter earnings. Both companies outperformed their European counterparts due to
Key Points Chinese tech giant Huawei reported a significant dip in net profit despite a substantial increase in revenue for the first nine months of
Key Points Microsoft announced in its latest quarterly earnings report that it expects a $1.5 billion reduction in income this quarter due to anticipated losses
Key Points Alphabet, Google’s parent company, reported strong third-quarter earnings on Tuesday, highlighting the success of its AI investments and a substantial boost in its
Key Points According to a Wall Street Journal report on Tuesday, Elon Musk’s artificial intelligence startup, xAI, is reportedly in discussions to raise a new
Key Points Cadence Design Systems (CDNS.O) raised its annual profit forecast on Monday, reflecting its optimism about the booming demand for generative AI and advanced
Key Points Microsoft is projected to report its slowest revenue growth in a year on Wednesday, with analysts and investors closely watching for signals of
Key Points According to a source familiar with the matter, Boeing is expected to launch a substantial $15 billion capital-raising initiative as early as Monday.
Key Points Delta Air Lines has filed a lawsuit against cybersecurity firm CrowdStrike in Georgia state court, seeking damages following a massive software outage in
Key Points Alphabet’s autonomous driving division, Waymo, announced on Friday that it had completed a $5.6 billion funding round led by its parent company. The
Key Points Hyundai Motor is ramping up its efforts to solidify its position in India’s rapidly evolving automotive market, leveraging a diverse product range from
Key Points Intel has emerged victorious in a long-running legal battle against the European Union, overturning a €1.06 billion ($1.1 billion) fine imposed in 2009.
Key Points South Korea’s SK Hynix, the world’s second-largest memory chipmaker, reported a record-breaking quarterly operating profit of 7 trillion won ($5.07 billion) for the
Key Points Boeing CEO Kelly Ortberg outlined a cautious plan to steer the company towards recovery after posting a quarterly loss of $6 billion, largely
Key Points OpenAI and Microsoft have launched a major initiative to bring artificial intelligence (AI) tools into newsrooms, offering grants totaling up to $10 million
Key Points Taiwan Semiconductor Manufacturing Company (TSMC) has alerted U.S. authorities about a potential attempt by Huawei to circumvent export restrictions that prevent producing high-end
Key Points Qualcomm, the world’s leading supplier of mobile phone chips, announced on Monday that it is incorporating technology initially developed for its laptop processors
Key Points Honeywell (HON.O) and Google (GOOGL.O) announced on Monday that they have signed a strategic agreement to integrate artificial intelligence (AI) technology into their
Key Points Perplexity AI, the artificial intelligence startup backed by Jeff Bezos, has entered fundraising talks to raise $500 million in its latest funding round.
Key Points Nippon Steel Corp.’s ambitious plan to acquire U.S. Steel faces significant opposition from U.S. steelworkers and the Biden administration. Still, the Japanese steelmaker
Key Points Spirit AeroSystems, a key supplier for Boeing, announced on Friday that it will furlough 700 employees for 21 days due to the ongoing
Key Points Hyundai Motor Group and Toyota, two of the world’s top three auto manufacturers, have announced a partnership to accelerate advancements in artificial intelligence
Key Points Netflix is scheduled to report its third-quarter earnings after the market closes on Thursday. Wall Street is closely watching how the company’s evolving
Key Points As inflation continues to impact economies across Europe and the effects of the war in Ukraine ripple through industries, numerous companies have announced
