Nvidia supplier Foxconn cuts outlook due to currency appreciation
Taiwan’s Foxconn, the world’s largest contract electronics maker, downgraded its full-year outlook on Wednesday citing recent appreciation of the Taiwan…
Another sign that Elon Musk’s businesses are benefiting big from his role as Trump’s ‘first buddy’
Elon Musk may be taking a step back from his full-time gig at the Trump administration’s Department of Government Efficiency.…
Coinbase stock soars 24% as inclusion in S&P 500 signals ‘dramatic turnaround’ for crypto industry
Coinbase (COIN) stock surged nearly 24% on Tuesday as Wall Street cheered the inclusion of the first and only crypto…
Oil dips as traders watch for jump in U.S. crude stockpiles
Oil prices retreated on Wednesday as traders eyed a potential jump in U.S. crude inventories, though prices held near two-week…
Dollar steadies with trade talks in frame after sliding on muted US inflation
The U.S. dollar steadied on Wednesday following its biggest decline in more than three weeks overnight, with cooler-than-expected U.S. consumer…
Sony forecasts flat profit this year as tariffs bite
Sony said on Wednesday it expects operating profit to rise 0.3% to 1.28 trillion yen ($8.7 billion) in the financial…
Samsung to buy German cooling system maker FlaktGroup for $1.7 billion
Samsung Electronics said on Wednesday it had agreed to buy Germany’s FlaktGroup for 1.5 billion euros ($1.68 billion) as it…
Saudi Arabia’s AviLease places order for up to 30 Boeing 737 MAX jets
An aircraft leasing firm owned by Saudi Arabia’s sovereign wealth fund has placed an order for up to 30 Boeing…
Amazon taps FedEx for big-and-bulky residential deliveries
Six years after breaking up, Amazon and FedEx are back together. The retail giant has reached a long-term agreement with…
Microsoft to lay off 3% of workforce
Microsoft is laying off 3% of its workforce, or roughly 7,000 employees, CNBC reported on Tuesday, as the technology giant…