Oil Rebounds From Two-Day Slump With Middle East Back in Focus
Oil rebounded with traders focused on Middle East tensions and tightening US crude stockpiles. West Texas Intermediate advanced 2.1% to…
MicroStrategy Posts Third Straight Loss on Bitcoin Impairment Charge
Bitcoin hedge-fund proxy MicroStrategy Inc. posted a third consecutive quarterly loss after taking an impairment charge against the value of…
Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta Platforms Inc. CEO Mark Zuckerberg will ramp up heavy investments in AI and other futuristic technologies, continuing a years-long…
Ford’s Shares Tumble After High Costs Pressure Profit Outlook
Ford Motor Co.’s shares fell after the company warned that earnings this year will be at the low end of…
OpenAI, Broadcom Working to Develop AI Inference Chip
OpenAI is working with Broadcom Inc. to develop a new artificial intelligence chip specifically focused on running AI models after…
Toyota worldwide output drops for 8th straight month in September
Toyota Motor said on Wednesday its worldwide production fell for an eighth straight month in September, as both sales and…
Chinese chipmaker’s new 7nm CPUs reportedly outperform Intel’s Raptor Lake — Loongson adopts “tock-tock-tick” strategy to close the gap with Intel
Chinese CPU manufacturer Loongson is purportedly closing the gap quickly to Western CPU manufacturers regarding raw performance. Fast Technology reports…
Airbus delivers first A321XLR in new front against Boeing
PARIS (Reuters) – Airbus has delivered its first A321XLR jet to Spain’s Iberia, the European planemaker said, stepping up a…
Iron Ore Falls as Inventories Rise Despite China’s Stimulus Push
Iron ore retreated from the highest close in two weeks on rising port inventories in China, the biggest importer of…
Boeing overcharged Air Force nearly 8,000% for soap dispensers, watchdog alleges
Boeing overcharged the U.S. Air Force for spare parts for C-17 transport planes, including marking up the price on soap…