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China Earns $500 Million an Hour From Exports Supercharged by AI
Bloomberg118d agoneutral
China Earns $500 Million an Hour From Exports Supercharged by AI

(Bloomberg) -- The US and Chinese economies may still be on their way to decoupling but both are drawing strength from the same source.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyEpstein's Black Card: How He Moved Women With His AmexModi Asks Indians to Stop Buying Gold, Hitting Jewelry StocksJust as an AI-driven boom in business investment bolstered US economic growth at the start of this yea

Korea Roils Market by Floating ‘Citizen Dividend’ From AI
Bloomberg118d agoneutral
Korea Roils Market by Floating ‘Citizen Dividend’ From AI

(Bloomberg) -- A top South Korean policymaker said the nation should pay citizens a “dividend” using taxes on AI profits, underscoring growing pressure to redistribute gains from a boom that’s enriched chipmakers like Samsung Electronics Co. and SK Hynix Inc.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyEpstein's Black Card: How He Moved Women With His AmexModi Asks Indians to Stop Buying Gold,

KT Q1 Earnings Call Highlights
MarketBeat118d agoneutral
KT Q1 Earnings Call Highlights

KT (NYSE:KT) reported lower first-quarter earnings for fiscal 2026 as higher sales and labor costs and a year-earlier property development gain weighed on profitability, while management outlined plans to reposition the company around AI-driven “AX” services and maintain its shareholder return frame

Manitowoc Q1 Earnings Call Highlights
MarketBeat118d agoneutral
Manitowoc Q1 Earnings Call Highlights

Manitowoc (NYSE:MTW) reaffirmed its full-year 2026 outlook after reporting first-quarter results that management said were broadly in line with expectations, supported by solid orders, a higher backlog and continued growth in its less cyclical aftermarket and non-new machine businesses. On the comp

Meta loses court fight over compensation to Italian publishers
Reuters118d agoneutral
Meta loses court fight over compensation to Italian publishers

Meta Platforms on Tuesday lost its fight ‌against an Italian regulatory order that it ‌should compensate publishers for using snippets of their news ​articles after Europe's top court sided with the Italian telecoms watchdog. The case underscores the ongoing copyright battle between publishers and creators and tech companies ‌over the use ⁠of newspaper articles or authors' work for AI training that have triggered ⁠litigation against companies including Meta, OpenAI and Anthropic for infringement.

Paging Dr. Copper — Heard on the Street Monday Recap
The Wall Street Journal118d agoneutral
Paging Dr. Copper — Heard on the Street Monday Recap

President Trump said the cease-fire was on “massive life support." The S&P 500 added 0.2% and the Nasdaq Composite rose 0.1%. The Dow Jones Industrial rose 95 points, or 0.2%. Shares of Lumentum Holdings led the S&P 500, surging more than 16%, with Coherent and Corning also up double-digits.

Motorola Solutions Q1 Earnings Call Highlights
MarketBeat118d agoneutral
Motorola Solutions Q1 Earnings Call Highlights

Motorola Solutions (NYSE:MSI) reported a stronger-than-expected first quarter of 2026, with record revenue, record first-quarter orders and an increased full-year outlook as demand remained solid across its public safety, enterprise security and defense markets. Chairman and CEO Greg Brown called t

India's IT shares near three‑year low as OpenAI move revives AI fears
Reuters118d agoneutral
India's IT shares near three‑year low as OpenAI move revives AI fears

India's IT shares fell to a three-year low on Tuesday as investor jitters around the threat posed by artificial intelligence to flagship IT firms flared ‌up again, after OpenAI announced a new AI venture. The Nifty IT index fell 3.6% to ‌its lowest since May 2023, with Tata Consultancy Services, Infosys, HCL Technologies and Wipro falling between 2.5% and 4%. Analysts at HSBC ​said in a Tuesday note that India's top-tier IT firms largely failed to meet street expectations for earnings in March quarter as well as in their outlooks for the new financial year, adding that strong spending globally on AI could be "crowding out" demand for traditional IT services.

Marathon Petroleum Q1 Earnings Call Highlights
MarketBeat118d agoneutral
Marathon Petroleum Q1 Earnings Call Highlights

Marathon Petroleum (NYSE:MPC) reported stronger first-quarter 2026 results, with management pointing to improved refinery reliability, elevated refining margins and a favorable supply-demand backdrop shaped in part by geopolitical disruptions in the Middle East. On the company’s earnings call, CEO

MP Materials Q1 Earnings Call Highlights
MarketBeat118d agoneutral
MP Materials Q1 Earnings Call Highlights

MP Materials (NYSE:MP) reported higher first-quarter revenue and adjusted earnings as the rare earths producer posted record NdPr oxide output and sales, advanced downstream magnet operations and reiterated expectations for initial magnet revenue in the second half of 2026. Founder, Chairman and Ch