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Fictiv Raises $15M Series B Funding Led by Sinovation Ventures to Radically Improve Manufacturing Access and Workflow Globally

May 08, 2018 20:15 pm UTC| Business

PALM DESERT, Calif., May 08, 2018 -- Fictiv today announced from the Intel Capital Global Summit that it closed a $15 million Series B led by Sinovation Ventures with participation from Accel, Intel Capital, Bill Gates,...

Alpha Pro Tech, Ltd. Announces Financial Results for the First Quarter Ended March 31, 2018

May 08, 2018 20:15 pm UTC| Business

Sales for the first quarter of 2018 increased 6.4% to $11.4 million, compared to $10.8 million for the first quarter of 2017Gross profit for the first quarter of 2018 increased to $4.5 million, up from $4.3 million for the...

AI Semiconductor Company Syntiant Demonstrates Analog Neural Network for Always-On Battery-Powered Devices, Closes A Round Funding Led by Intel Capital

May 08, 2018 20:15 pm UTC| Business

– Signs Smart Microphone Reference Design Agreement with Infineon Technologies – IRVINE, Calif., May 08, 2018 -- Syntiant Corp., an artificial intelligence semiconductor company that is accelerating the transition of...

AnaptysBio Announces First Quarter 2018 Financial Results and Provides Pipeline Updates

May 08, 2018 20:15 pm UTC| Business

Positive Phase 2a Proof-of-Concept Data Reported from ANB020 Trials in Atopic Dermatitisand Peanut Allergy Top-Line Phase 2a Data from ANB020 in Eosinophilic Asthma Expected in the Third Quarter of 2018 SAN DIEGO, May ...

CloudGenix Announces SD-WAN Investment to Drive Software-based Transformation of Networks

May 08, 2018 20:15 pm UTC| Business

SAN JOSE, Calif., May 08, 2018 -- CloudGenix, a leader in Software-Defined Wide Area Networking (SD-WAN) today announced an investment from Intel Capital to drive the software-based transformation of networks....

KAR Auction Services, Inc. Reports First Quarter 2018 Financial Results

May 08, 2018 20:15 pm UTC| Business

First quarter 2018 revenue increased 10% to $950.5 million.Net Income Per Share increased 32%, Operating Adjusted Net Income Per Share increased 32% and Adjusted EBITDA increased 9% over the three months ended March 31,...

Versartis Reports First Quarter 2018 Financial Results

May 08, 2018 20:15 pm UTC| Business

MENLO PARK, Calif., May 08, 2018 -- Versartis, Inc. (Nasdaq:VSAR), an endocrine-focused biopharmaceutical company, today announced financial results for the first quarter ended March 31, 2018. “We have undertaken...

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Economy

Asian Currencies Dip as Dollar Firms; Aussie Dollar Soars on Strong Jobs Data

Most Asian currencies traded slightly weaker on Thursday as the U.S. dollar edged higher, supported by easing geopolitical and trade-related tensions, while the Australian dollar surged to a fresh 15-month high following...

Trump Floats Greenland Framework, Bets Big on ‘Mission 500’ With India

Expressing hope about the next US-India trade pact, President Donald Trump recently revealed a framework for a possible agreement on Greenland following conversations with NATO. These updates arrived throughout activities...

China Youth Unemployment Rate Falls in December as Labor Market Shows Mixed Signals

Chinas labor market showed modest improvement in December as the youth unemployment rate declined slightly, according to the latest data released by the National Bureau of Statistics (NBS). The jobless rate for people aged...

Asian Stocks Rise as Wall Street Rebound and Greenland Tensions Ease, South Korea Hits Record High

Asian stock markets mostly advanced on Thursday, following a strong overnight rebound on Wall Street as investors welcomed easing geopolitical tensions surrounding U.S. demands over Greenland. Improved global risk...

BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook

The Bank of Japan (BOJ) is widely expected to keep interest rates unchanged at the end of its two-day policy meeting on January 23, as policymakers wait for clearer signals on Japans economic trajectory. The central bank...

Politics

U.S. Steps Aside as Syria Reclaims SDF-Held Territory in Power Shift

A series of high-level diplomatic meetings in Damascus, Paris, and Iraq paved the way for the Syrian governments rapid takeover of territory long controlled by the Kurdish-led Syrian Democratic Forces (SDF), fundamentally...

Trump Reverses Course on Greenland After Diplomatic Backlash

President Donald Trump has stepped back from earlier threats to use military force or tariffs as leverage to acquire Greenland, ending weeks of uncertainty that rattled U.S. allies and exposed internal divisions within his...

New York Judge Orders Redrawing of GOP-Held Congressional District

A New York judge has ruled that the congressional district represented by Republican U.S. Representative Nicole Malliotakis violates the state constitution and must be redrawn, a decision that could have major political...

NATO Chief Says Greenland Sovereignty Not Discussed as Trump Backs Off Tariff and Force Threats

NATO Secretary-General Mark Rutte said the question of Greenlands sovereignty did not arise during his recent discussions with U.S. President Donald Trump, signaling a shift in tone after Trump stepped back from earlier...

Supreme Court Signals Doubts Over Trump’s Bid to Fire Fed Governor Lisa Cook

U.S. Supreme Court justices on Wednesday signaled strong skepticism toward President Donald Trumps unprecedented effort to remove Federal Reserve Governor Lisa Cook, raising serious questions about presidential power and...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

SoftBank Shares Surge as AI Optimism Lifts Asian Tech Stocks

SoftBank Group Corp. (TYO:9984) shares surged sharply on Thursday, leading gains across Asian technology stocks after NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang delivered optimistic remarks about artificial...

Baidu Shares Surge After Official Launch of Advanced Ernie 5.0 AI Model

Baidu Inc (NASDAQ: BIDU) shares surged to a near three-year high in Hong Kong trading on Thursday, highlighting renewed investor confidence after the Chinese technology giant officially released its most advanced...

Apple China Holiday Sale Offers Discounts Up to 1,000 Yuan on Popular Devices

Apple has announced a limited-time promotional campaign in China, offering discounts of up to 1,000 yuan (approximately $143.60) on selected products, including iPhones, Macs, iPads, and Apple Watches. According to...

Memory Chip Shortage Drives Higher Gadget Prices and Weakens Global Tech Demand

Global demand for smartphones, personal computers, and gaming consoles is expected to decline this year as rising memory chip prices force manufacturers to increase product prices. Major electronics brands, ranging from...

Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates

Morgan Stanley has warned that Teslas fourth-quarter earnings could lead to an unusually wide range of outcomes for the stock, with investor reaction likely driven less by near-term financials and more by updates on...