Business news

Business news • Jul 16

Britain Nationalizes Its Last Major Steel Mill

The British government fully took over the country's last major crude steel production facility on Thursday, ending a long-running saga over control of the...

4 0 0

Business news • Jul 16

TSMC to Invest a Further $100 Billion in U.S. After AI Fuels Surge in Earnings

It has also pledged to invest an additional $100 billion in the U.S. and plans to spend a record amount, cementing its position atop the global...

5 0 0

Business news • Jul 16

Netflix is the king of streaming. So why is its stock down this year?

Netflix has long been seen as the winner in the streaming wars, with more than 325 million subscribers globally and hits like “Stranger Things” and “KPop...

6 0 0

Business news • Jul 16

Fujitsu and leading Japanese robotics companies to use Nvidia technology in ‘physical AI’

Japanese communications company Fujitsu is leading a major push in artificial intelligence and robotics using Nvidia's technology to develop “physical AI.”

3 0 0

Business news • Jul 16

UK nationalizes Chinese-owned British Steel to protect nation’s steelmaking capacity

The U.K. government has nationalized British Steel to protect the nation's steelmaking capacity. The decision comes after the company's Chinese owners moved...

5 0 0

Business news • Jul 16

Is SpaceX a meme stock? Elon Musk loses trillionaire status

A month after the biggest IPO in human history, SpaceX is trading below its float price. Is the market finally waking up?

21 1 0

Business news • Jul 16

TSMC to Spend $265 Billion on US Buildout in Key Trump Deal

Taiwan Semiconductor Manufacturing Co. plans to spend an additional $100 billion to expand US chipmaking capacity, formalizing a pledge that's part of a...

5 0 0

Business news • Jul 16

TSMC to invest additional $100 billion in Arizona after second-quarter profit soars 77%

on Thursday reported a 77.4% jump in second-quarter profit year on year, soaring past estimates as the world's largest contract-chipmaker continues to set...

5 0 0

Business news • Jul 16

Asian shares mostly decline with South Korea's Kospi down 6.6%, while oil prices slip

Asian shares are mostly lower and oil prices have fallen despite back-and-forth strikes between the U.S. and Iran. Selling of AI-related shares weighed on...

20 0 0

Business news • Jul 16

SpaceX selloff an ominous sign as lockup expiry looms

The dip in SpaceX's shares below its blockbuster IPO price of $135 a share is an ominous sign ‌for Elon Musk's internet and rocket company as it faces more...

26 0 0

Business news • Jul 16

South Korea stocks slump after first rate rise in 3 years

Bank of Korea's first move under Shin Hyun-song comes amid concern over persistent inflation and currency weakness.

25 0 0

Business news • Jul 16

Asia stocks slide as S. Korea chip stocks tumble; TSMC earnings in focus

Investing.com-- Asian stock markets fell on Thursday, with South Korean shares leading regional losses as a sharp selloff in semiconductor stocks and...

9 0 0

Business news • Jul 16

Asia Equities Mostly Decline on AI Concerns

Asia-Pacific equities mostly declined, as a pullback in U.S. chip stocks fueled concerns about the longevity of artificial-intelligence enthusiasm and...

7 0 0

Business news • Jul 16

Alibaba and Baidu shares jump in Hong Kong on Apple AI partnership

The technological rivalry between China and the U.S. has intensified, as they race for AI dominance.

9 0 0

Business news • Jul 16

Asian stocks mostly sink as AI worries hammer tech

Most Asian stocks sank on Thursday as tech firms came under renewed pressure from worries over the AI boom, with Seoul again taking the brunt of the selling...

5 0 0

Business news • Jul 16

Ex-Fed advisor gets over three years in prison for lying about China ties

A former senior advisor to the Federal Reserve Board of Governors was accused of lying to federal investigators about sharing restricted information with...

5 0 0

Business news • Jul 16

SpaceX’s once-soaring stock is now trading for less than when it debuted

After a promising reception to its initial public offering, the stock of Elon Musk's rocket company has steadily sunk.

5 0 0

Business news • Jul 16

United Airlines anticipates $6 billion in added fuel costs this year

United Airlines on Wednesday said it expects to spend an additional $6 billion on jet fuel, the second-highest cost for airlines after labor, this year,...

16 0 0

Business news • Jul 16

PayPal: Gotta Raise The Bid (NASDAQ:PYPL)

The $60.50 buyout bid for PayPal equates to less than 9x adjusted FCF, which is inadequate given their strong cash generation. Read the full analysis here.

4 0 0

Business news • Jul 15

Carr Calls for Ending Cap on TV Station Ownership

The nation's longstanding rule on TV ownership is on the verge of extinction. The Federal Communications Commission plans an Aug. 6 vote on scrapping the...

5 0 0