Tag: Business
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Solstice CEO defends its $14.5B acquisition after the stock plunges 15%
Solstice CEO David Sewell said the company’s acquisition of Element Solutions creates a “world-leading” supplier of advanced materials.
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Semiconductor and software company Syntiant Corp files for US IPO
July 6 : Semiconductor and software company Syntiant Corp filed for an initial public offering in the United States on Monday.The listing is the latest in a string of AI-related IPOs this year, amid a broader revival in the U.S. IPO market as companies seek to capitalize on growing investor confidence.
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Cramer’s lightning round: ‘Chewy is too hard to own’
“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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Samsung estimates 19-fold rise in Q2 operating profit, beating expectations
SEOUL, July 7 : Samsung Electronics on Tuesday forecast a 1,810 per cent jump in second-quarter operating profit from a year earlier, as AI-driven demand continued to lift memory chip prices. The world’s largest memory chipmaker estimated April-June operating profit at 89.4 trillion won ($58.44 billion), comp
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Jim Cramer says these are the 5 stocks to buy during this market rotation
CNBC’s Jim Cramer said investors should use the latest market rotation as an opportunity to buy high-quality companies.
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Vista Equity, Quinti Capital offer to buy French adtech firm Criteo, sources say
July 6 : Vista Equity Partners and investment firm Quinti Capital have offered to acquire French advertising-technology company Criteo, two sources familiar with the matter said Monday.• The firms submitted an offer last week that valued Criteo at more than a 50 per cent premium to its recent share price, t
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Exclusive-US cyber agency is using Anthropic’s Mythos to audit government code, sources say
WASHINGTON, July 6 : The U.S. cyber defense agency CISA is using Anthropic’s AI model Mythos to audit government software, three people familiar with the matter said on Monday, another sign of government enthusiasm for adopting the AI startup’s tools even as the company navigates an ongoing standoff with the White H
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Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico
WASHINGTON, July 6 : Toyota Motor Corp said on Monday it will build a new $3.6 billion auto plant in Texas and shift some truck production to the United States from Mexico.The Japanese automaker said the new 2.5-million-square-foot building will be located on its San Antonio manufacturing campus and will open
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Toyota to invest $3.6 billion to move Tacoma pickup truck production from Mexico to Texas
Toyota said it is investing $3.6 billion to move production of the Tacoma midsize pickup truck from Mexico to its San Antonio manufacturing campus in Texas.
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US Supreme Court won’t block Texas app store age verification law
WASHINGTON, July 6 : The U.S. Supreme Court declined on Monday to block a Texas law requiring app stores and developers to verify the age of mobile device users, and for minors to obtain parental consent, to download apps or make purchases, acting in a challenge on free speech grounds by a technology industry group
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