Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Technology

Sat, May 30, 2026 07:54 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Samsung Projects 15-Fold Profit Increase Driven by AI Chip Demand Surge

Jul 06, 2024 07:00 am UTC| Technology

Samsung Electronics forecasts a 15-fold profit increase for Q2 2024, reaching 10.4 trillion won ($7.54 billion), significantly exceeding analysts expectations. This growth is driven by the rising demand for AI chips in...

Hyundai to Halve EV Slow Charging Time with New Platforms

Jul 06, 2024 05:30 am UTC| Technology

Hyundai plans to cut the slow charging time of its electric vehicles by 50%, thanks to its upcoming eM and eS platforms. These advancements promise faster charging at home and work, enhancing convenience and reducing...

Elon Musk Denies Fraud Allegations in SEC Filing Over Twitter Acquisition

Jul 06, 2024 02:41 am UTC| Technology Business

Elon Musk denied fraud allegations in a July 3 SEC filing, asserting no ill intent in his delayed disclosure of acquiring a significant Twitter stake. Former shareholders are suing, alleging missed profits due to his late...

Shanghai State-Owned Enterprises Embrace Tesla Model Y for NEV Procurement

Jul 06, 2024 02:37 am UTC| Business Technology

Shanghais state-owned enterprises are increasingly adopting the Tesla Model Y Rear Wheel Drive for their NEV procurement, marking a significant step in the citys efforts to support both domestic and foreign businesses...

NVIDIA's Near-Sale to AMD: Insights from Former AMD Employee on Jensen Huang's Strategic Choice

Jul 05, 2024 23:59 pm UTC| Business Technology

A former AMD employee reveals that NVIDIAs CEO Jensen Huang considered selling NVIDIA to AMD, a pivotal moment that could have altered the competitive landscape. Insights from AMDs Former Employee Hemant Mohapatra, a...

Apple iPhone 16 Pro Expected to Feature Enhanced Tetraprism Periscope Zoom Lens: Supply Chain Report

Jul 05, 2024 23:23 pm UTC| Business Technology

The iPhone 16 Pro is rumored to come with Apples advanced tetraprism periscope zoom lens, promising significant camera improvements. Key Suppliers for iPhone 16 Pro Camera Components Revealed The tetraprism periscope...

BYD's $1 Billion Turkey EV Plant to Accelerate Global Expansion Strategy

Jul 05, 2024 22:52 pm UTC| Business Technology

BYD plans to invest $1 billion in an electric vehicle plant in Turkey, pushing forward its global expansion efforts. BYDs Strategic Move into Turkeys EV Market BYD is gearing up to construct a huge electric vehicle...

561 562 563 564 565 566 567 568 569 570

Economy

US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns

The United States has initiated a new trade investigation into Vietnams handling of intellectual property (IP) rights, a move that could eventually lead to additional tariffs on Vietnamese imports. The investigation,...

US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook

The U.S. dollar weakened slightly on Friday as investor confidence improved following comments from President Donald Trump regarding a possible peace agreement between the United States and Iran. The prospect of easing...

Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar

Asian currencies traded in a narrow range on Friday while the U.S. dollar remained largely unchanged, as investors assessed reports suggesting the United States and Iran are close to extending their ceasefire agreement....

Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment

Asian stock markets posted strong gains on Friday, supported by a global technology rally and growing optimism surrounding a potential extension of the ceasefire between the United States and Iran. Investor confidence...

Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path

Tokyo consumer inflation slowed in May, reinforcing expectations that the Bank of Japan (BOJ) will continue taking a measured approach to monetary policy tightening as inflationary pressures remain moderate. According to...

Politics

US Southern Command Chief Holds Rare Military Meeting With Cuban Officials at Guantanamo Bay

A rare high-level military meeting between the United States and Cuba took place at the perimeter of the U.S. Naval Station at Guantanamo Bay, marking a significant development in U.S.-Cuba relations amid growing...

Trump Nears Decision on Iran Ceasefire Extension as Key Disputes Remain

U.S. President Donald Trump said Friday that he is close to making a final decision on a proposed agreement to extend the current ceasefire with Iran, although major disagreements between Washington and Tehran continue to...

Trump Signs Executive Order to Expand Access to Federal Lands in the U.S.

U.S. President Donald Trump signed an executive order on Friday aimed at removing restrictions that limit access to federal lands across the United States, according to a statement from the White House. The move is part of...

Netanyahu Gaza Expansion Plan Sparks Hamas Condemnation and International Concern

Israeli Prime Minister Benjamin Netanyahus announcement that Israel plans to expand its area of control in Gaza has drawn strong criticism from Hamas, European governments, and residents of the Palestinian territory. The...

Russia Prepares New Large-Scale Attack on Ukraine, Zelenskiy Warns

Ukrainian President Volodymyr Zelenskiy has warned that Russia is preparing a major new attack on Ukraine, citing intelligence reports that indicate plans for a large-scale military strike. The announcement comes as...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

Technology

Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements

A Kentucky school district has secured nearly $27 million in settlements from major social media companies over allegations that their platforms contributed to a growing student mental health crisis. The financial details,...

MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook

MongoDB (NASDAQ: MDB) delivered stronger-than-expected first-quarter fiscal 2027 results, fueled by growing demand for its database platform among enterprises and organizations developing artificial intelligence...

SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target

Elon Musks SpaceX is reportedly moving forward with plans for a historic initial public offering (IPO), targeting a valuation of at least $1.8 trillion. According to a Bloomberg News report citing sources familiar with the...

Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion

Autodesk (NASDAQ: ADSK) reported stronger-than-expected financial results for its fiscal first quarter and announced a major $3.6 billion acquisition of MaintainX, a move that strengthens its position in AI-powered...

US Quantum Stocks Surge After $2 Billion Government Investment

The U.S. Department of Commerce has sparked major excitement across the technology and financial sectors after announcing plans to invest $2 billion into quantum computing and advanced hardware companies through the CHIPS...