STMicroelectronics, GlobalFoundries win EU approval for French chip factory
(Reuters) – Chipmakers STMicroelectronics and GlobalFoundries secured EU approval on Friday to build a chip factory with French state aid…
NatWest deposit outflows tarnish jump in profit
(Reuters) -British bank NatWest reported a 20 billion pound fall in deposits in the first quarter amid a fiercely competitive…
Amazon erases early gains after AWS growth commentary; analysts flag NT uncertainty
Amazon (NASDAQ:AMZN) reported Thursday first-quarter results that topped analysts’ estimates, underpinned by cloud and advertising growth. Amazon shares had gained…
META: Meta Reveals It Is Now on the AI Train, Stock Ticks Up 12%
Meta investors cheered the company’s pivot to an AI-powered future in what Zuckerberg calls the year of “efficiency.” Facebook parent…
DJI: Bank Fears Weigh on Dow Jones, Big Tech Charges Ahead
It was a nuanced day on Wall Street as major indexes split directions, led by a mixed market sentiment. The…
MSFT: Microsoft Smashes Through Q3 Expectations, Believes AI Will Drive Growth
Microsoft has released its Q3 report, which was positive enough to cause a 7% increase in its share price yesterday.…
Lufthansa says hopeful of finalising ITA deal in days
(Reuters) – Lufthansa is hopeful of finalising the partial takeover of Italy’s state-owned ITA Airways within days, an executive at…
Sony expects profit to slip despite record PlayStation 5 sales
(Reuters) – Sony Group Corp on Friday said PlayStation 5 sales will jump by six million units this business year,…
Mercedes-Benz more upbeat on signs US, China picking up
(Reuters) – Mercedes-Benz struck a slightly more optimistic tone alongside its first quarter results on Friday, saying demand in China…
Crocs shares slide despite earnings beat
Footwear company Crocs (NASDAQ:CROX) dropped in premarket trading Thursday despite the company’s profit and revenue coming in above expectations. Crocs shares are…