Posts with tag: technology
President Trump is considering a bidding war for the US operations of TikTok, with potential buyers including Microsoft, Oracle, Elon Musk, and Perplexity AI. The Chinese government will have a say in the outcome, and antitrust experts predict that Musk could clear US legal hurdles.
Published on: January 29, 2025, 12:01 PM UTC
US oil refiners brace for sharp Q4 profit decline amid softening demand, tariff uncertainty.
Published on: January 29, 2025, 12:00 PM UTC
Goldman Sachs strategists downplay the tech-led selloff in US equities, citing a positive economic outlook and historically supportive conditions for risk assets. While DeepSeek's AI model raised concerns, they believe weakness in stocks will be limited due to falling interest rates and moderating inflation.
Published on: January 29, 2025, 12:00 PM UTC
European stocks reach record high on tech gains, ASML results boost
Published on: January 29, 2025, 09:00 AM UTC
Sweden's central bank cuts key policy rate to 2.25% to boost sluggish economic growth.
Published on: January 29, 2025, 09:00 AM UTC
Czech National Bank to consider investing in bitcoin, may cut interest rates
Published on: January 29, 2025, 08:01 AM UTC
Sony Group Corp. appoints CFO Hiroki Totoki as CEO, underscoring the company's focus on expanding its entertainment offerings, including games, anime, music, and movies.
Published on: January 29, 2025, 08:01 AM UTC
Starbucks reports mixed first-quarter results, with revenue flat and earnings per share beating estimates. Same-store sales and foot traffic decline, but the company sees progress in its turnaround plan, which includes a focus on core products, better pricing, and faster service. Despite challenges in China, Starbucks plans to improve mobile orders and reduce beverage and food offerings on the menu.
Published on: January 29, 2025, 08:01 AM UTC
Despite strong results from rivals, LVMH's sales growth underwhelms, leading to a decline in shares.
Published on: January 29, 2025, 08:00 AM UTC
Czech National Bank Governor Ales Michl plans to present a proposal to invest in Bitcoin and reduce interest rates by 25 basis points next week.
Published on: January 29, 2025, 07:00 AM UTC