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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
Young adult apparel retailer American Eagle Outfitters (NYSE:AEO) will be reporting results this Thursday afternoon. Here’s what to look for.
Asian shares were mostly higher on Wednesday and oil prices fell after the U.S. stock market rose to more records. It topped 66,000 for the first time in intraday trading. Computer chip equipment maker Tokyo Electron's shares jumped 5.9% and testing equipment maker Advantest gained 5.7%.
Nvidia CEO Jensen Huang said on Wednesday that Taiwan is the "epicentre" of the AI revolution and the island will be the world's technology manufacturing hub for a long time to come. Huang was speaking at a launch celebration in Taipei for the chip company's planned Taiwan headquarters, which he said will break ground this year with plans to become operational in 2030.
Unionised workers at Samsung Electronics have approved a highly contentious bonus pay deal - one that averts a massive 18-day strike but also exacerbates deep disparities in fortunes among workers at the tech conglomerate. Two unions for the world's largest memory chip maker said on Wednesday that 74% of the 62,616 workers who cast their votes had backed the deal. Shares in Samsung surged 6%, also helped by investor frenzy over the AI boom that has driven chip sector shares higher.
The breakneck surge in memory-chip stocks is intensifying, sending the market capitalizations of SK Hynix and Micron Technology above $1 trillion for the first time, as investors bet the AI boom will lead to a sustained revaluation of the industry. Bloomberg's David Savage breaks down the trends.
By Junko Fujita TOKYO, May 27 (Reuters) - Japan's Nikkei share average rose to a record high on Wednesday, as gains in index heavyweight chip-related equities outweighed losses in financials and other
The rocket and satellite company is heading for a record-setting debut, but its newly public financials tell a more complicated story.
In a brief post on China’s WeChat messaging platform, the world’s biggest EV maker BYD last June made a commitment with a big effect on its balance...
Momentus said the market value of its outstanding shares was $79.8 million, based on its highest Nasdaq closing price over the previous 60 days.
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