Microsoft (NASDAQ: MSFT) reported second-quarter revenue of $81.3 billion, surpassing Wall Street expectations, with Azure cloud services jumping 39% and Microsoft Cloud crossing the $50 billion quarterly revenue milestone for the first time. Operating income hit $38.3 billion, up 21% year-over-year, while non-GAAP earnings per share reached $4.14, growing 24% and reflecting solid underlying business […]
Meta Platforms (NASDAQ: META) is inching higher in extended hours after the tech titan posted its Q4 earnings that handily topped Street estimates on the back of strong AI tailwinds. The multinational earned $8.88 on a per-share basis on $59.89 billion revenue – well above $8.23 a share and $58.59 billion that analysts had called […]
British car, van, truck, and bus production fell to its lowest level since 1952 in 2025, underscoring what industry leaders have described as the most challenging period for UK manufacturing in decades. According to data from the Society of Motor Manufacturers and Traders (SMMT), total vehicle output dropped 15.5% year on year to 764,715 units. […]
OpenAI, the creator of ChatGPT, is on track to raise billions of dollars from its existing and new investors, a sign that the artificial intelligence (AI) boom is accelerating. OpenAI to raise billions as competition rises The latest reporting by The Information shows that the company is about to raise as much as $100 billion […]
Indonesian equities plunged further into turmoil on Thursday after a warning from MSCI Inc. over a possible market downgrade triggered the worst two-day selloff in almost three decades, rattling investor confidence across equities and currency markets. The benchmark Jakarta Composite Index tumbled as much as 10%, after earlier triggering a 30-minute trading halt. At the […]
On Thursday, global markets and geopolitics were shaped by a mix of accelerating artificial intelligence investment, volatile Asian equities, renewed UK-China diplomacy, and a powerful rally in commodities. OpenAI funding signals acceleration in AI arms race OpenAI, the creator of ChatGPT, is on track to raise tens of billions of dollars from existing and new […]
Gold prices continued to surge to new record highs as the yellow metal cleared $5,600 per ounce on Thursday. Gold had surged past the $5,000 threshold for the first time this Monday, marking a weekly gain of over 10%. This rally is attributed to a combination of strong factors: robust safe-haven investment, persistent central bank […]
SK Hynix has overtaken Samsung Electronics in operating profit for the first time, marking a shift in South Korea’s semiconductor hierarchy as artificial intelligence reshapes the memory market. The crossover became clear this week when the two rivals reported earnings on consecutive days. SK Hynix’s results highlighted how leadership in advanced memory chips tied to […]
Starbucks returned to customer traffic growth for the first time in two years, signalling early progress in its turnaround while underscoring the cost pressures reshaping its earnings profile. The coffee chain reported mixed quarterly results, with rising store visits lifting sales even as higher input costs and restructuring expenses weighed on profitability. The update also […]
ASML stock surged 6% on Wednesday, after the Dutch semiconductor equipment maker posted record results and announced a €12 billion three-year buyback program alongside a 17% dividend hike. While the investors focused on the capital returns, the company’s earnings revealed a much deeper story. A backlog loaded with high-margin products and multi-year customer commitments that […]