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SK Hynix Posts Record Profit on AI-Driven Chip Demand

Jan 23, 2025 02:13 am UTC| Technology Business

SK Hynix Inc (KS:000660), a key Nvidia supplier, reported a record fourth-quarter operating profit, soaring 2,236% to 8.08 trillion won ($5.64 billion), slightly exceeding Reuters forecast of 8 trillion won. Revenue surged...

Electronic Arts Inc. Stock Drops as Bookings Guidance Cut Following Weak Demand

Jan 23, 2025 02:13 am UTC| Economy Business

Electronic Arts Inc. (NASDAQ:EA) saw its stock tumble over 8% in afterhours trading Wednesday after lowering its net bookings guidance for Q3 and the full fiscal year. The gaming giant cited weaker-than-expected...

Trends Shaping the Future of Cryptocurrency

Jan 22, 2025 14:35 pm UTC| Business

From the concept of cryptocurrency to the finalization of Bitcoin in 2009, it was the first decentralized digital currency. It was based on earlier ideas about digital cash, including David Chaums eCash - developed in the...

OpenAI Partners with Tech Giants on $500 Billion AI Infrastructure Initiative

Jan 22, 2025 14:24 pm UTC| Technology Business

OpenAI announced a partnership with Nvidia, Microsoft, Oracle, and Arm to develop advanced AI infrastructure in the U.S. through a new entity, The Stargate Project. This initiative plans to invest $500 billion over four...

Volkswagen Targets €2 Billion from Traton Share Sale

Jan 22, 2025 12:58 pm UTC| Business

Germanys Volkswagen (ETR:VOWG_p) plans to sell 15% of its stake in its truck division, Traton, during the first half of the year, aiming to generate approximately 2 billion ($2.09 billion). The report, published by manager...

CATL Faces First Revenue Decline, Shares Drop 4%

Jan 22, 2025 12:57 pm UTC| Business

Shares of CATL, the worlds largest battery maker, fell nearly 4% on Wednesday after the company announced its first annual revenue decline since 2015. In a securities filing, CATL revealed an 8.7%11.2% revenue drop in...

Google Invests $1B More in Anthropic to Boost AI Race

Jan 22, 2025 12:57 pm UTC| Technology Business

Google (NASDAQ:GOOGL) has made an additional $1 billion investment in Anthropic, an AI startup rivaling OpenAI, according to the Financial Times. This brings Googles total investment in Anthropic to $3 billion, reinforcing...

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Economy

Australia Sets New Minimum Pay, Insurance Rules for Gig Workers

Australias Fair Work Commission (FWC) has approved new minimum standards for food and grocery delivery workers, giving gig economy workers higher pay and greater protection against workplace injuries. Under the new rules,...

Gold Price Holds Near $4,400 as Hormuz Risks and CPI Drive Markets

Gold prices climbed on Wednesday, remaining close to the $4,400-an-ounce mark as uncertainty surrounding the reopening of the Strait of Hormuz boosted oil prices and kept investors focused on the Federal Reserves...

Oil Prices Rise as Hormuz Tensions Threaten Global Supply

Oil prices climbed on Wednesday, approaching a two-week high as uncertainty over the Strait of Hormuz and fresh attacks on shipping raised concerns about prolonged disruptions to global crude supplies. Brent crude oil...

Oil, Gold Rise as Geopolitical Risks Grip Markets Ahead of U.S. CPI

Oil and gold prices moved higher on Wednesday as rising geopolitical tensions kept investors cautious ahead of key U.S. inflation data, while Asian stocks posted modest gains. U.S. crude oil rose 0.89% to $83.94 a barrel,...

Trump Weighs Capital Gains Tax Cuts Ahead of Midterms

U.S. President Donald Trump is considering proposing capital gains tax cuts as part of a broader economic agenda Republicans could promote ahead of the 2026 midterm elections, Bloomberg reported Tuesday. The potential...

Politics

Bashar al-Assad Sentenced to Death by Syrian Court

A Syrian court has sentenced ousted President Bashar al-Assad to death in absentia, marking the first conviction against the former leader since his government collapsed in December 2024. The Damascus court convicted Assad...

Bashar al-Assad Sentenced to Death After Syria Regime Collapse

Bashar al-Assads 24-year rule over Syria ended dramatically in December 2024 after rebel forces launched a rapid offensive that overwhelmed his weakened military. With Russia focused on its war in Ukraine and Iran weakened...

Zelenskiy Sends Peace Plan to U.S., Warns of New Russian Mobilisation

President Volodymyr Zelenskiy said Ukraine has submitted new proposals to U.S. negotiators aimed at ending the war with Russia, while warning that Moscow could use its September parliamentary election as a justification...

Trump Signs Order to Cut Routine Childhood Vaccines

President Donald Trump has signed an executive order seeking to reduce the number of routine childhood vaccinations recommended in the United States and directing the Justice Department to challenge certain state vaccine...

Wisconsin Democratic Primary Tests Progressive Appeal

Democratic socialist Francesca Hong and moderate David Crowley remained locked in a tight race Tuesday in Wisconsins closely watched Democratic gubernatorial primary, offering an important test of progressive candidates...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

OpenAI Executive Brad Lightcap to Leave for New AI Venture

Brad Lightcap, one of OpenAIs most senior executives and its former chief operating officer, is leaving the artificial intelligence company to launch a new venture, adding to a series of major leadership changes across the...

Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms

Anthropic has reportedly signed a $9.1 billion long-term agreement with Riot Platforms (NASDAQ: RIOT) to secure large-scale AI computing capacity, marking another major investment by the Claude developer as demand for...

Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow

Trump Media Technology Group said Monday that more than 10 customers have signed up for its upcoming Truth API, a real-time data service designed to provide rapid access to posts from prominent Truth Social accounts,...

Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants

Nvidia is expanding its influence beyond semiconductors after announcing agreements aimed at mobilizing up to $500 billion in third-party capital for artificial intelligence infrastructure. The move brings the AI chip...

SEC Clears Path for Data Center Securitizations as AI Financing Demand Surges

The U.S. Securities and Exchange Commission (SEC) has provided regulatory clarification that could make it easier for data center owners and operators to access capital markets as the artificial intelligence boom drives...