Posts with tag: technology
German chemical company Wacker Chemie reports a 7% decrease in annual core profit to €770 million due to decreased demand, lower sales, and high energy costs. Despite sales falling 11% to €5.72 billion, the company exceeded analyst expectations.
Published on: January 28, 2025, 08:01 AM UTC
Taiwan's economy ministry says the semiconductor business between Taiwan and the US is a "win-win" model, responding to tariff threats from US President Donald Trump.
Published on: January 28, 2025, 08:00 AM UTC
Chinese AI app DeepSeek sparks tech sell-off, wiping out $1 trillion in market cap on Wall Street, with Nvidia losing the most.
Published on: January 28, 2025, 07:03 AM UTC
Concerns over AI competition sparked a sell-off in Big Tech, highlighting the market's dependence on their earnings growth. Nvidia, Microsoft, and Alphabet dropped, while Broadcom fell over 17%.
Published on: January 28, 2025, 07:01 AM UTC
Microsoft in Talks to Buy TikTok's US Arm, Trump Says
Published on: January 28, 2025, 05:02 AM UTC
Prime Minister Ishiba nominates Junko Koeda, a female academic and supporter of policy normalization, to join the Bank of Japan's board, potentially signaling further support for rate hikes and greater diversity.
Published on: January 28, 2025, 05:01 AM UTC
Copper prices dip after Trump's tariff threats; dollar, aluminum and iron ore also fall.
Published on: January 28, 2025, 05:01 AM UTC
Asian stocks fall as AI valuation concerns linger, dollar rises on Trump trade talk; MSCI Asia Pacific Index drops; Nikkei down 1%, Topix up; US equity futures little changed; Dollar gains against G-10 peers; DeepSeek AI's rise raises fears; Trump seeks higher tariffs; China, SKorea, Taiwan markets closed for Lunar New Year.
Published on: January 28, 2025, 05:00 AM UTC
Tariffs on U.S. copper and aluminum imports could increase costs for local consumers due to insufficient domestic production and time needed to revive the industry, say analysts and industry sources.
Published on: January 28, 2025, 05:00 AM UTC
Big Tech earnings drive Monday's market sell-off, with Nvidia, Microsoft, Alphabet, Tesla, and Broadcom all falling due to concerns over competition from DeepSeek's AI
Published on: January 28, 2025, 04:01 AM UTC