Tag: Business
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BlackBerry lifts annual revenue forecast as QNX unit powers growth, shares rise
June 25 : BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX division following the completion of its turnaround efforts, sending its Toronto-listed shares up around 19 per cent.Once a powerhouse in the smartphone industry, BlackBerry has shifted its focus tow
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Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand
June 25 : Micron Technology edged past the market valuation of Meta Platforms and briefly Tesla’s for the first time on Thursday, after the memory chipmaker’s solid forecast helped extend its AI-driven ascent.The company’s shares were last up 18.4 per cent at $1,236, giving it a market capitalization of $1.39
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Dollar eases from 13-month high after data burst
NEW YORK, June 25 : The dollar was on track to snap a three-session streak of gains on Thursday, after a flurry of U.S. economic data that included a reading on inflation slightly dented expectations for rate hikes from the Federal Reserve this year. The Commerce Department said the personal consumption expen
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Luxury spending now driven by experiences and ‘inheritourism’
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
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Apple raises prices of MacBooks, iPads as memory costs skyrocket
SAN FRANCISCO: Apple raised iPad and MacBook prices on Thursday (Jun 25), saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry’s data centre buildout.The move does not affect Apple’s main cash cow, the iPhone. But it would take starting price of the N
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US to create genomic and cellular ‘BioVault’ for endangered species
WASHINGTON, June 25 : A biotech company and a U.S. government agency announced on Thursday a plan to create an archive of living cells and genomic material for every species protected under the U.S. Endangered Species Act in a project to safeguard roughly 2,300 types of animals and plants deemed threatened or endan
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Ghosn says calls for his Nissan return show investor anger over results
BEIRUT, June 25 : Former Nissan Chairman Carlos Ghosn said calls by some shareholders for his return reflected deep anger over years of failed turnaround plans, accusing the automaker’s leadership of squandering value and losing direction since his 2018 ouster.In an interview with Reuters, Ghosn said investor
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EU joins US-led ‘Pax Silica’ on securing AI, chip supply chains
BRUSSELS, June 25 : The European Commission has joined the U.S. initiative “Pax Silica”, a group of U.S.-allied countries cooperating to secure supply chains needed for artificial intelligence, European Commission spokesperson Paula Pinho said on Thursday.Pax Silica is an effort by the U.S. state department o
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Anthropic hires Orange’s AI chief amid Europe push
June 25 : The artificial intelligence head of French telecoms group Orange has left the company to join U.S. AI startup Anthropic, he said on Thursday.• Steve Jarrett, Orange’s Chief AI officer, said he has accepted a job at Anthropic, without disclosing his new title• Jarrett had been with the Eur
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U.S. giving topped $600 billion for the first time last year. Megadonors and bequests are to thank
The stock market rally turbocharged charitable giving in 2025, but primarily from wealthy donors.
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