Tag: Business
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Oil ticks higher as Iran’s refusal to meet US envoys dims ceasefire hopes
July 1 : Oil prices rose in early trade on Wednesday as investors responded to news that Iran will not be meeting with U.S. envoys, a further strain on the interim ceasefire agreed between the two in the four-month-long war.Brent futures rose 50 cents or 0.69 per cent to $73.45 a barrel at 1208 GMT,…
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South Korea factory activity grows at slower pace as export demand weakens, PMI shows
SEOUL, July 1 : South Korea’s factory activity expanded in June for the seventh consecutive month, though at a slower pace than the previous month on falling export demand, a survey showed on Wednesday. • The purchasing managers index (PMI), published by S&P Global, stood at 52.1 in June, down from May’s 54
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Japan manufacturing extends growth, caps best quarter since Q1 2014, PMI shows
TOKYO, July 1 : Japan’s manufacturing sector expanded in June, sealing its best quarterly performance since early 2014, as new orders grew at their fastest pace in more than two years, a business survey showed on Wednesday.Here are some key details.• The S&P Global Japan Manufacturing Purchasing Managers’ I
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TikTok to settle with teen plaintiff before California social media trial, law firm says
June 30 : TikTok has agreed to settle a lawsuit brought by a teenager who claimed the platform damaged his mental health, a spokesperson for the plaintiff’s law firm said Tuesday.The settlement was reached in principle, but the details have not yet been finalized, according to a spokesperson for Morgan & Morg
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US to lift export controls on Anthropic’s Fable AI model on Tuesday, source says
June 30 : The U.S. Commerce Department is expected to lift export controls on Anthropic’s Fable 5 AI model on Tuesday, less than three weeks after the company was ordered to suspend access to its most advanced AI models over national security risks, according to a source familiar with the matter.Anthropic abr
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Boeing says IT outage affected computer systems, applications
June 30 : Boeing said on Tuesday that an unplanned IT outage affected some of its computer systems and applications.The outage “significantly disrupted” the aerospace firm’s commercial and military production, the Air Current reported, citing people familiar with the issues.Boeing did not comment on th
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Digital infrastructure firm ITG prices US IPO below range, raises $312 million
June 30 : Oaktree-backed ITG said on Tuesday it had priced its U.S. initial public offering at $16 per share, below its targeted range, raising $312.2 million. The digital infrastructure firm sold 19.5 million shares in the offering, initially marketed between $19 and $22 apiece.ITG provides end-to-en
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Microsoft to cut under 2.5% of workforce in latest layoffs, Business Insider reports
June 30 : Microsoft is planning to cut under 2.5 per cent of its workforce in the latest round of layoffs that could be announced as early as next week, Business Insider reported on Tuesday, citing people familiar with the matter.The layoffs will impact thousands of roles, including sales and consulting, as w
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Cramer’s lightning round: Buy GE Vernova
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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Micron CEO: Customers driving hard bargain on price contributed to memory shortage
Micron CEO Sanjay Mehrotra said years of aggressive pricing pressure left the memory industry underinvested, contributing to today’s supply shortages.
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