Tag: Business
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Wall Street closes down sharply after Fed holds rates unchanged
Wall Street ended sharply lower on Wednesday (Jul 29) after the Federal Reserve held interest rates steady, with AI-related chip stocks adding to recent declines ahead of quarterly reports
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Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss
SEOUL: Samsung Electronics said on Thursday (Jul 30) its operating profit jumped 19-fold to a record in the second quarter, as solid demand for AI chips offset weaker earnings at its mobile business.”In H2 2026, the Memory Business expects robust demand centred on servers stemming from continued
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Sony makes acquisition proposal for Japan camera lens maker Tamron
TOKYO, July 30 : Sony Group has made a proposal to acquire Tamron Co, the Japanese camera lens maker said on Thursday, adding it has established a special committee to review various options. Sony has made a non-binding proposal for a series of transactions to make Tamron a wholly owned Sony subsidiary, the o
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Australia begins legal action against Telegram over alleged pro-terror material
SYDNEY, July 30 : Australia’s internet regulator said on Thursday it had begun legal action against messaging platform Telegram over alleged failings to tackle pro-terror posts. The office of the eSafety Commissioner said it had begun action after Telegram failed to remove videos of terrorist executions and
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Microsoft cloud forecast beats estimates as cash keeps flowing from AI, shares rise
July 29 : Microsoft on Wednesday said it expects to keep generating cash through its fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after changing how it accounts for long-term data center leases.The company also forecast sales and cloud growth that beat expectations for its c
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Equinix shares fall on soft third-quarter forecast
July 29 : Equinix shares fell 3 per cent on Wednesday as soft third-quarter forecast overshadowed a raised full-year and long-term outlook.Here are some details:• For the third quarter, Equinix expects revenue of $2.53 billion to $2.58 billion, the midpoint of which is below analysts’ estimate of $2
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Exclusive-Intel providing chip technology to startup led by co-investor of Tan in rare deal
SAN FRANCISCO/WILMINGTON, Delaware, July 29 : Intel has provided access to some of its processor technology to a new startup, according to a source and documents reviewed by Reuters, in a rare move for the U.S. chipmaker.Intel CEO Lip-Bu Tan and the startup’s boss are longtime co-investors. The startu
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Vertiv CEO addresses 17% stock plunge, disappointing quarter: ‘This is a temporary issue’
Vertiv CEO Gio Albertazzi said the company’s revenue growth miss reflected temporary project timing and supply chain issues, not weakening demand.
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Cramer’s lightning round: Buy Astera Labs
“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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Jim Cramer says software’s comeback could be the blueprint for AI stocks’ next rally
CNBC’s Jim Cramer said software’s sharp turnaround shows how quickly Wall Street can change its mind — and beaten-down AI infrastructure stocks could be next.
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