Tag: Business
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Stocks making the biggest moves premarket: SpaceX, Super Micro Computer, Netflix, Dell and more
These are the stocks posting the largest moves premarket.
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Nvidia announces plug and play Vera Rubin racks that can be shipped on a truck
Nvidia says its DSX Pod AI Factory, which combines seven Vera Rubin racks in a shipping container, could cut the time to start serving AI tokens to 14 days.
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Netflix slides as weak profit, ad outlook intensify investor anxiety
Oct 21 : Netflix shares dropped 6 per cent in premarket trading on Wednesday after the company cut its full-year advertising forecast and issued a tepid fourth-quarter profit outlook, deepening concerns about slowing viewership and revenue growth.The stock has declined more than 26 per cent this year and, if
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OpenAI president urges AI safeguards as group he funds opposes regulation
WASHINGTON, Oct 21 : As OpenAI executives step up their public calls for federal AI safety rules, a political group the company’s president helped fund is spending millions to elect members of Congress who oppose restrictions on the technology. OpenAI’s safety practices have been in the spotlight in rec
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Booking.com targeted in EU investigation into phishing scams, fraudulent listings
BRUSSELS, Oct 21 : EU tech regulators will investigate whether online hotel reservation website Booking.com is doing enough to weed out fraudulent listings and phishing scams to comply with EU online content rules, the European Commission said on Wednesday.The Commission, which is the EU tech and competition
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AT&T raises annual profit forecast on strong demand for bundled plans
Oct 21 : AT&T raised its annual adjusted profit forecast on Wednesday after beating quarterly revenue and profit estimates, betting on its service bundles to drive growth and help prevent customers from switching to rivals.About 43 per cent of households signing up for AT&T’s internet services also opt for i
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Cyber agency warns websites may go dark as PHP prepares critical fix
Oct 21 : The developers of the widely used PHP programming language said on Wednesday they would release patches for two critical vulnerabilities, as EU cybersecurity officials warned organisations unable to apply the fixes should take affected websites offline.PHP is used across large parts of the internet,
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Taiwan regulator blocks Grab’s purchase of Foodpanda delivery business in Taiwan
TAIPEI: Taiwan’s Fair Trade Commission said on Wednesday (Oct 21) it had blocked Grab’s purchase of Delivery Hero’s Foodpanda delivery business in Taiwan, citing competition concerns.Grab, Southeast Asia’s biggest ride-hailing and delivery firm, said in March it would pay US$600 million in cash for the Foodpa
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Super Micro climbs after upbeat forecast shows robust AI demand
Oct 21 : Super Micro Computer jumped nearly 13 per cent on Wednesday after it forecast quarterly revenue and profit margin comfortably above Wall Street estimates, signaling that AI data center demand remains resilient. Shares of the AI server maker rose 12.7 per cent to $36.69 in premarket trading. He
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EU agency warns websites may need to be taken offline as PHP prepares patches for vulnerabilities
Oct 21 : The developers of the widely used PHP programming language said on Wednesday they would release patches for two critical vulnerabilities, as EU cybersecurity officials warned organisations unable to apply the fixes should take affected websites offline.PHP is used across large parts of the internet,
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