Tag: electronics

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Workday Cuts 8.5% of Workforce, Joining Tech Giants in Headcount Reductions

Workday cuts 8.5% of workforce, focusing on strategic areas like AI and overseas expansion.

Tesla's Plunging Sales in Europe Linked to Elon Musk's Political Interventions

Elon Musk's political interventions in Europe, including his support for far-right parties, have coincided with a decline in Tesla sales across the continent.

Petro urges sale of Ecopetrol's US fracking operations for clean energy investment

Colombian President Gustavo Petro calls for the sale of state oil firm Ecopetrol's fracking operations to invest in clean energy.

YouTube Embraces Podcasting as Trump Campaigns on the Platform

YouTube is becoming increasingly popular for podcasts, with Google highlighting its growth during its fourth-quarter earnings call. Donald Trump's embrace of podcasters during the 2024 election contributed to YouTube's growing prominence as a podcasting platform.

Elon Musk to Present Case for Government Spending Cuts to JPMorgan Audience

Elon Musk presents to JPMorgan Chase CEO Jamie Dimon on government spending cuts, reflecting his role as head of the Department of Government Efficiency and his efforts to restructure government agencies.

Indonesia Sets Up Fund to Manage State Assets, Seek Investments

Indonesia amends state-owned enterprises law, paving way for new investment agency Danantara, which will manage billions of dollars in state assets. The move aims to boost economic growth and mobilize funding for key projects.

Palantir Soars on Strong Earnings Forecast Amid AI Adoption Wave

Palantir stock surged over 18% premarket as upbeat annual revenue forecast fueled by strong demand for its AI-powered software solutions from businesses embracing generative AI technology.

Mizuho Financial Posts Net Income of $1.9B in Fiscal Third Quarter

Mizuho Financial Group reported $1.9 billion in net income in its fiscal third quarter, beating expectations.

Rambus reports Q4 earnings of 58 cents per share

Rambus Inc. reports fourth-quarter earnings of $62.2 million, or 59 cents per share. The memory chip designer posted revenue of $161.1 million. For the year, Rambus reported profit of $179.8 million, or $1.65 per share. Revenue was reported as $584.1 million.

Fed's Collins: Tariffs May Boost Inflation; No Urgent Policy Change Needed

Boston Federal Reserve President Susan Collins says tariffs could increase inflation and depress growth, but the Fed is in no rush to change policy due to uncertainty.