SoftBank stock plunges 6%: what happened?
Tokyo-listed shares of SoftBank Group fell sharply on Friday, extending a three-day losing streak as investors digested the Japanese conglomerate’s disclosure that it had sold its entire stake in US…
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Why India is poised to miss Its 2030 green hydrogen target
India’s ambitious foray into the green hydrogen economy is currently facing significant headwinds, with a recent assessment from a US-based energy think tank highlighting critical impediments to its progress. The core…
Morning brief: Musk’s AI lawsuit moves forward, Trump may cut tariffs
Thursday brought a flurry of major developments across politics, business, and technology. A US judge allowed Elon Musk’s antitrust lawsuit against Apple and OpenAI to advance, while President Donald Trump…
Big Tech’s AI dominance challenged as court backs Musk’s case against Apple, OpenAI
A Texas federal court has allowed a major antitrust lawsuit to proceed, targeting Apple Inc. and OpenAI over claims that their partnership may suppress competition in artificial intelligence. The legal…
Headwinds and tailwinds
According to FactSet, over 90% of S&P 500 constituents have released their third quarter results. Of these, 82% have beaten consensus forecasts on earnings per share, while 77% have exceeded…
Rolls-Royce share price stuck in a range as it maintains guidance: is it a buy?
Rolls-Royce share price pulled back on Thursday after the company published an encouraging trading statement that illustrated strong results. RR stock was trading at 1,140p, down from the year-to-date high…
Tencent posts 15% revenue surge to $27.08B: here’s what powered its Q3 boom
Chinese tech giant Tencent delivered stronger-than-expected third-quarter results, posting revenue of ¥192.9 billion ($27.08B) as artificial intelligence investments and gaming momentum drove growth across its core businesses.The 15% year-on-year revenue…
From cloud to checkout: Alibaba puts AI agent Qwen at centre of mobile push
Alibaba Group is repositioning its mobile artificial intelligence strategy with a significant rebrand of its core AI app, as per a Bloomberg report.The existing Tongyi platform will be relaunched as…
Foxconn profit jumps 17% on AI server demand, beating forecasts
Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, reported a 17% jump in third-quarter profit on Wednesday, beating market expectations on the back of robust demand for artificial intelligence (AI)…
Inside Donald Trump’s crypto plans and how he’s building an empire
Donald Trump’s second term is turning out to be a testing ground for digital money, and his family into its biggest private beneficiaries. It began as campaign talk about “making…