Tag: Business
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Exclusive-Honeywell’s Quantinuum raises $1.68 billion in US IPO as quantum computing heats up, source says
June 3 : Honeywell’s Quantinuum raised $1.68 billion in its U.S. initial public offering after pricing shares at $60 apiece, a source familiar with the matter said on Wednesday, as investors flocked to one of the market’s fast-growing emerging technology sectors.Broomfield, Colorado-based Quantinuum sold 28 m
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Trading Day: War clouds and tech wobbles
ORLANDO, Florida, June 3 : Escalating tensions in the Middle East and a wave of profit-taking in AI and tech shares cast a long shadow over markets on Wednesday, depressing the price of stocks and bonds while lifting the dollar and oil. In my column today, I look at why Japan may be “in the…
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Bitcoin falls 4% to over three-month low
June 3 : Bitcoin, the world’s largest cryptocurrency by market value, on Wednesday fell 4 per cent to $64,721.39, the lowest since February 28.
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Exclusive-Uber’s commitment to self-driving startup Nuro is close to $500 million, sources say
SAN FRANCISCO, June 3 : Uber has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters, detailing the extent of a major investment by the ride-hailing company in developing commercial robotaxis.After years of false starts, the robotaxi in
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Broadcom forecasts quarterly revenue above estimates on strong AI chip demand
(Corrects to say adjusted profit beat estimates, not trailed, in paragraph 7)June 3 : Broadcom forecast third-quarter revenue above Wall Street expectations on Wednesday, betting on robust demand for its custom AI chips and networking gear.However, shares of the Palo Alto, California-based company fel
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Broadcom stock slips on disappointing software revenue
Broadcom reported fiscal second-quarter results on Wednesday and missed estimates for revenue.
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As Honeywell Aerospace readies for its standalone debut, its CEO is forecasting big growth
By 2030 Honeywell is targeting annual earnings of at least $6.5 billion and full-year free cash flow of at least $4 billion.
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Talent is abundant in Spain; the challenge is funding
At Ibiza Tech Forum 2026, Pilar Carrato explains why scale, financial discipline and exits are vital for Spanish startups, and shows founders how to turn ideas into success.
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Japan electronics retailers Yamada, Edion plan merger to create sector giant, Nikkei Asia reports
June 4 : Japan’s consumer electronics retailers Yamada Holdings and Edion Corp are planning to merge, with combined sales of around 2.5 trillion yen ($15.62 billion), Nikkei Asia reported on Thursday.Both companies are likely to hold board meetings as early as this week to reach a basic agreement on the merge
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SpaceX wins Texas county tax incentives for Terafab chip project despite local opposition
ANDERSON, Texas/NEW YORK, June 3 : SpaceX secured tax incentives on Wednesday for its proposed Terafab chip manufacturing project in Grimes County, Texas, despite fierce opposition from residents who warned the development could strain local resources and transform the rural community.The project is central t
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