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May 27 (Reuters) - Gillette India reported a 21.3% rise in fourth-quarter profit on Wednesday, helped by demand for grooming products and lower costs, sending shares to a three-month high.
Memory-chip maker SK Hynix is the latest company to ride the AI chip boom into the elite $1 trillion market-cap club. Shares in the company—the world’s second-largest memory-chip maker—have more than tripled this year.
Global stocks extended a rally as investors remained optimistic that peace talks between the U.S.-Iran are progressing, despite a fresh exchange of strikes earlier this week.
With its dizzying rise yesterday, Micron became the 12th U.S. company worth $1 trillion, cementing the fastest run to a 13-figure valuation ever seen. The company reached the threshold only 48 days after it was first valued at $500 billion, according to Dow Jones Market Data.
(Bloomberg) -- Strategists at Goldman Sachs Group Inc. joined peers at Morgan Stanley and Deutsche Bank AG in seeing a 17% return for the S&P 500 Index this year.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From KyivUS Strikes Targets in Iran Even as Trump Hails Progress on DealEarnin
Amazon invested over £15 billion ($20 billion) in Britain in 2025, keeping the e-commerce giant on track to deliver its planned £40 billion investment in the three years to the end of 2027, it said on Wednesday. Investments in 2025 included the launch of new operational sites, expanded studio production facilities and office space, as well as the start of a drone deliveries trial. Updating on its annual UK economic impact and tax disclosure, Amazon also said: • In 2025, the total revenues of its activities in the UK were more than £30 billion.
HP is scheduled to report fiscal second-quarter financials after the stock market closes on Wednesday.
Modine’s strong fiscal fourth-quarter earnings and rapid growth in its AI business boosted investor optimism.
(Bloomberg) -- ByteDance Ltd., the developer of TikTok and a leading force in artificial intelligence, is considering increasing its capital spending to more than double last year’s in a bid to lead the Chinese AI market and challenge the top US players abroad.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Di
Micron Technology and ON Semiconductor were the top gainers in the S&P 500, rising 19% and 9.3% respectively. Bonds rose and oil prices were mixed as the outcome of Iran negotiations remains unclear. The 10-year Treasury yield declined 0.080 percentage point to 4.490%.
By Hyunjoo Jin SEOUL, May 27 (Reuters) - Unionised workers at Samsung Electronics have approved a highly contentious deal on bonus pay - one that averts a massive strike but also exacerbates deep
Samsung Electronics workers have approved a landmark profit-sharing agreement that is expected to award employees in the booming memory chip...
The move from CVC comes after a BlackRock-owned fund in March sold its entire stake in Naturgy, raising $3.3 billion.
Synopsis will report earnings after the close Wednesday. Investors are keen to see how the integration of Ansys is going after the $35 billion acquisition.
Nano Nuclear Energy on Tuesday announced the acquisition of Secured Transportation Services LLC for $13 million.
By Foo Yun Chee BRUSSELS, May 27 (Reuters) - European leaders are divided on how far to go in curbing Big Tech as they weigh momentous decisions over giving EU firms preferential access to mobile
European leaders are divided on how far to go in curbing Big Tech as they weigh momentous decisions over giving EU firms preferential access to mobile satellite spectrum and limiting large multinationals' access to EU cloud tenders. On Tuesday, Reuters reported Brussels was likely to leave an opening for Elon Musk's Starlink and Amazon's low-earth-orbit satellite business Leo to acquire lucrative European mobile satellite spectrum next year as a result of a compromise that will reserve the bulk of frequencies for European firms. A separate decision on EU cloud tenders set for June 3 is expected to temper the influence of U.S. firms such as Amazon, Alphabet's Google and Microsoft, which dominate the global cloud market with a combined 63% share.
Zscaler Inc (ZS) reports robust growth with a 25% increase in ARR and unveils strategic AI initiatives amid leadership changes and regional challenges.
In the EU alone, sales grew over 67%, a sign that Elon Musk’s EV maker continues to regain momentum in the region after a slump stretching more than a year.
In the EU alone, sales grew over 67%, a sign that Elon Musk’s EV maker continues to regain momentum in the region after a slump stretching more than a year.
Global satellite communications provider Viasat (NASDAQ:VSAT) will be reporting results this Thursday after market hours. Here’s what to look for.
Computer hardware and IT solutions company Dell (NYSE:DELL) will be reporting results this Thursday after the bell. Here’s what to look for.
The deal Samsung Electronics struck with its union averts a massive strike and gives its memory chip workers eye-popping bonuses. It also opens a Pandora's box for companies in South Korea - a country known for militant wage-bargaining. Unionised Samsung workers voted in favour of the government-mediated pact on Wednesday, marking the first big win for a Samsung union. More significantly, it is only the second time that a major South Korean company has agreed in writing to reward workers with a fixed percentage of operating profit.
Database platform company MongoDB (NASDAQ:MDB) will be announcing earnings results this Thursday afternoon. Here’s what you need to know.
Futu Holdings Ltd. (NASDAQ:FUTU) is one of the 10 Stocks With Jaw-Dropping 14-74% Gains. Futu snapped a two-day losing streak on Tuesday, climbing 20 percent to close at $107.70 apiece, as investors positioned portfolios ahead of the results of its earnings performance in the first quarter of the year. In a notice on its website, […]
Automation software company UiPath (NYSE:PATH) will be reporting earnings this Thursday afternoon. Here’s what to look for.
ExxonMobil is locked in a fight over corporate governance and shareholder rights after its proposal to move its legal headquarters to Texas sparked...
Electronics retailer Best Buy (NYSE:BBY) will be reporting earnings this Thursday morning. Here’s what investors should know.
SK Hynix has become one of the world’s most valuable chip makers, joining an elite group of companies including Nvidia and TSMC.
May 26 (Reuters) - Goldman Sachs on Tuesday raised its year-end 2026 target for the S&P 500 index to 8,000, up from 7,600, citing stronger earnings expectations following an exceptionally robust first
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