JD.com Beats Expectations in Q3
JD.com, the Chinese e-commerce giant, has surpassed analysts' expectations in the third quarter of 2023. Despite a slowdown in China's economy, JD.com's focus on price competitiveness and operational efficiency has…
Synopsys Introduces Revolutionary AI-Powered Chip Design Tool
Synopsys has made a groundbreaking announcement on Wednesday, unveiling a cutting-edge generative AI tool that aims to accelerate chip design. Recognizing the significant potential of applying artificial intelligence techniques to…
Palo Alto Networks Reports Strong Revenue and Profit Growth
Palo Alto Networks, a leading security software company, announced its financial results for the October quarter. While the company exceeded expectations in terms of revenue and profit, it fell short…
Melrose Industries Reports Strong Performance and Raises Aerospace Guidance
Corrections & Amplifications This headline was corrected at 0754 GMT to reflect Melrose Industries Sees FY24 Rev GBP3.5B-GBP3.7B. The original version incorrectly said Melrose Industries Raises FY24 View To Rev…
Cisco’s Weak Outlook Sends Ripples Through Networking Stocks
Shares in networking giants Juniper Networks and Arista Networks took a hit on Thursday following the disappointing outlook from Cisco. The tech leader reported a slowdown in new product orders…
Warner Music Group Beats Earnings Expectations
Shares of Warner Music Group Corp. (WMG) surged 2.6% towards a nine-month high following their impressive fiscal fourth-quarter earnings results. The music recorder and publisher reported a net income of…
Cisco’s Downbeat Forecast Raises Concerns about Share Losses in Core Business
Cisco's Downbeat Forecast Raises Concerns about Share Losses in Core Business In the wake of Cisco Systems Inc.'s latest downbeat forecast, analysts have expressed their concerns about the networking giant's…
Chinese Stocks Slump After Biden-Xi Summit and Alibaba Warning
Chinese stocks experienced a significant decline early on Thursday following a high-profile summit between President Joe Biden and Xi Jinping, as well as a warning from Alibaba. The ecommerce giant,…
Microsoft’s Emphasis on AI and Hardware Ambitions
At its recent developer conference, Microsoft showcased its commitment to AI-powered software. However, it is the company's hardware ambitions that have the potential to disrupt the artificial intelligence market. One…
Growth in Services Activity in the Middle of the U.S.
According to a monthly survey by the Federal Reserve Bank of Kansas City, there has been a slight increase in growth in services activity in the middle of the U.S.…
SEC Sues Kraken: A Regulatory Crackdown on Crypto
The Securities and Exchange Commission (SEC) has taken legal action against cryptocurrency exchange Kraken, in line with the ongoing U.S. government's efforts to regulate the crypto industry. Surprisingly, the news…
OPEC Meeting Delay Causes Oil Prices to Fall
The eagerly anticipated meeting of the Organization of the Petroleum Exporting Countries (OPEC) has been postponed, resulting in a decline in oil prices and a negative impact on energy stocks.…