US Oil Production Hits Another Record, Adding to Supply Worries
US oil production jumped to a fresh monthly record of 13.4 million barrels a day in August, in what is…
Yen Extends Gain After BOJ Signals Interest Rates May Increase
The yen advanced as much as 1% against the dollar, extending gains after Bank of Japan Governor Kazuo Ueda signaled…
Samsung’s Sudden $122 Billion Wipeout Shows the Cost of Sleeping on AI
Just a few months ago, Samsung Electronics Co. looked primed to benefit from the global AI boom: profits were surging…
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…