Samsung post 250x Surge in Chip Business Profit Amid AI Memory Shortages
Samsung Electronics reported a dramatic rebound in its semiconductor business, with operating profit in its Device Solutions (DS) division surging…
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Category: Companies & Business
News on major companies, retail and consumer brands.
Oil Prices Surge 7% Amid Rising Tensions and Airstrikes in the Middle East
Oil prices surged about 7%, with Brent crude climbing above $90 a barrel and U.S. West Texas Intermediate (WTI) posting…
Patriot Missile Demand Surges as U.S. Announces $58.6 Billion Production Deal
The United States has signed a $58.6 billion agreement to expand production and procurement of Patriot air and missile defense…
DoorDash Is Building Its Own Drone Delivery Business to Boost Logistics
DoorDash is developing its own in-house drone delivery business, marking a significant strategic shift from relying primarily on third-party drone…
Microsoft Books $3.2 Billion Gain From Anthropic Investment
Microsoft’s latest quarterly earnings reveal a striking contrast in the performance of its two biggest artificial intelligence investments. While the…
Government Eyes Overhaul of Airport Tariffs and Terminal Approval Process
The Indian government is preparing a major overhaul of the country’s airport regulatory framework, with plans to simplify airport tariff…
Tata Power’s Odisha Nuclear Plant Awaits Site Approval as State Reviews Proposal
Tata Power’s proposed nuclear power project in Odisha remains without a finalized location as the Odisha government has yet to…
Meta stock falls 10% after Q2 results
Meta Platforms shares fell around 10% in after-hours trading after the company reported second-quarter earnings that missed Wall Street expectations,…
Microsoft surge 8% after stronge quaterly results
Microsoft shares surged more than 8% in after-hours trading after the software giant reported quarterly earnings that comfortably exceeded Wall…
OpenAI annualized revenue rises faster in July
Key takeaways OpenAI’s finance chief reportedly told staff that July’s annualized revenue topped the full second quarter. The measure turns…