Posts with tag: technology
Nigeria's central bank has paused its aggressive monetary tightening campaign after revised inflation data showed a significant slowdown. The policy rate remains at 27.5%, with the committee citing recent macroeconomic stability and a gradual decline in inflation.
Published on: February 20, 2025, 04:03 PM UTC
Gerdau may expand US steel output instead of building new Mexico plant, CEO says amid Trump tariffs
Published on: February 20, 2025, 04:03 PM UTC
Alibaba's stock surges 13% after strong earnings beat and AI push. The Chinese tech giant reported better-than-expected quarterly results and highlighted an aggressive investment in artificial intelligence. Alibaba's AI-related product revenue has seen triple-digit growth for six consecutive quarters.
Published on: February 20, 2025, 04:02 PM UTC
US stocks fell as investors digested Walmart earnings and upcoming policy shifts, including planned tariffs and military spending cuts.
Published on: February 20, 2025, 04:02 PM UTC
The US SEC is closing down its crypto enforcement unit and replacing it with a broader cyber-fraud team. The new unit will focus on fraud involving social media, AI, machine learning, and blockchain. The change signals a shift in the SEC's approach to digital assets.
Published on: February 20, 2025, 04:00 PM UTC
James Bond producers hand over franchise to Amazon MGM after decades of family ownership
Published on: February 20, 2025, 03:05 PM UTC
Alibaba posts fastest revenue growth in a year as Chinese internet giant recovers from turbulence, showcasing strong e-commerce and cloud services performance, rising stock value, and focus on artificial intelligence to drive future growth.
Published on: February 20, 2025, 03:04 PM UTC
Anglo American and Codelco partner to develop adjacent mines in Chile, aiming to boost production and reduce costs.
Published on: February 20, 2025, 03:04 PM UTC
Alibaba's stock surged 13% after reporting better-than-expected quarterly earnings, driven by strong growth in its AI business. The company plans to aggressively invest in AI infrastructure over the next three years, with CEO Eddie Wu saying that revenue growth at its Cloud Intelligence Group will continue to accelerate.
Published on: February 20, 2025, 03:02 PM UTC
U.S. stocks declined Thursday as investors digested Walmart's (WMT) outlook, weighed potential implications of President Trump's policies and tariffs, and anxiously awaited his next move amid geopolitical tensions.
Published on: February 20, 2025, 03:01 PM UTC