Tag: growth
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Japan cuts this year’s growth outlook as higher energy costs weigh
TOKYO, July 30 : Japan’s government cut its economic growth forecast for the current fiscal year on Thursday, as higher oil prices linked to Middle East tensions squeeze household spending and corporate profits.In its mid-year estimates, the Cabinet Office projected inflation-adjusted gross domestic product (
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SoFi lifts 2026 revenue forecast as member growth, new loans hit records
July 29 : Fintech SoFi raised its 2026 revenue growth forecast above Wall Street expectations on Wednesday after posting a market-beating second quarter, driven by record member growth and loan originations.Despite an uncertain macroeconomic environment, elevated interest rates and high costs of living, credi
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Apple set for strongest June-quarter sales growth in 5 years
July 29 : Apple’s decision to hold iPhone prices steady is set to power its strongest June-quarter sales growth in five years, but investors will want to know how long it can resist an increase.The consumer electronics giant raised iPad and MacBook prices last month as it sought to offset cost increases from
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Infosys names insider Ashiss Kumar Dash next CEO, trims growth forecast
BENGALURU, July 23 : Infosys named company veteran Ashiss Kumar Dash as its next CEO on Thursday, tapping a three-decade insider to lead India’s No. 2 IT firm through an AI-driven upheaval reshaping the technology services industry.The succession plan was announced alongside a cut to the company’s annual reve
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European semiconductor stocks diverge as investors weigh AI demand, growth expectations
July 23 : European semiconductor stocks moved sharply on Thursday after earnings updates, with Soitec surging on strong photonics demand linked to artificial intelligence applications, while STMicroelectronics and BE Semiconductor Industries (Besi) fell as investors reacted to weaker near-term performance and elevat
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South Korea’s Q2 GDP beats estimates on chip export boom
SEOUL, July 23 : South Korea’s economy grew faster than expectations in the second quarter, driven by a semiconductor export boom that offset a decline in construction investment, advance estimates from the Bank of Korea showed on Thursday. Gross domestic product expanded 0.6 per cent in the April-June period
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IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending
July 22 : IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.The company also missed profit and revenue expectations for the secon
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IBM cuts yearly revenue growth forecast as customers prioritize AI infrastructure spending
July 22 : IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.The company also missed profit and revenue expectations for the secon
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South Korean economy likely slowed in Q2 after robust Q1 growth: Reuters poll
BENGALURU, July 21 : South Korea’s economy likely grew at a much slower pace in the second quarter compared to the first three months of the year, as robust export growth was offset by weakening domestic demand, a Reuters poll of economists showed.Asia’s fourth-largest economy expanded by a seasonally adjuste
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Could these twins’ rare genetic disorder provide the key to preventing cancer?
Researchers have found that people with Laron syndrome have a lower incidence of cancer than the wider population.
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