Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain
Market values of major tech firms declined in August amid concerns over escalating artificial intelligence infrastructure costs and rising recession…
Brazil’s economy expected to have grown at solid pace in second quarter
Brazil’s economy kept growing at a solid pace last quarter compared to the first three months of the year, supported…
Oil Extends Drop on Signs of OPEC+ Output Boost and China Woes
Oil pushed lower on signs OPEC+ will progress with a plan to lift output from October, while economic headwinds mount…
Nokia Mobile Networks Assets Said to Draw Samsung Interest
Nokia Oyj’s mobile networks assets are drawing preliminary interest from suitors including Samsung Electronics Co. amid increasing pressure to find…
Oil Holds Losses as Slipping Equities Vie With Stockpiles, Libya
Oil steadied after a two-day drop, with stock market losses offsetting a drawdown in US stockpiles and supply disruptions in…
Apple to hold fall event on Sept. 9, new iPhones expected
Apple will host its fall event on Sept. 9 at its headquarters in Cupertino, California, according to an invite on…
Elon Musk shows off Cortex AI supercluster — first look at Tesla’s 50,000 Nvidia H100s
Elon Musk’s supercomputing exploits continue to press forward this week, as the technocrat shared a video of his newly renamed…
Alibaba’s Connect Membership May Be a Boon for Overseas Stocks
Alibaba Group Holding Ltd.’s impending inclusion in the Stock Connect may unleash as much as $3.2 billion of cash across…
SpaceX will soon send the Polaris Dawn crew off to attempt the first commercial spacewalk
Polaris Dawn, a private space mission that aims to complete the first-ever civilian spacewalk, is expected to launch this week.…
IBM to close China R&D department, affecting over 1,000 jobs
IBM (IBM) will completely shutter its China R&D, with resulting layoffs affecting over 1,000 jobs, Chinese media outlet Yicai reported…