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

Become a contributor

Bookmark Econotimes

Business

Sat, Feb 07, 2026 02:47 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Samsung Electronics Refocuses on High-End Chips Amid Profit Dip and AI Demand

Oct 31, 2024 04:17 am UTC| Economy Technology Business

Quarterly Profit Falls Amid Fierce Competition Samsung Electronics reported a 40% decline in its chip profits quarter-over-quarter, a sharp contrast to competitors TSMC and SK Hynix, which saw earnings surge due to...

PepsiCo Uses Retailer Purchase Data to Drive Accurate Forecasting, Tackle Slumping Snack Sales

Oct 31, 2024 01:55 am UTC| Technology Business

In a bid to sharpen sales forecasts, PepsiCo is boosting data-sharing efforts with retailers, using shopper purchase data to adapt supply to market demand. The initiative comes as PepsiCos snack volumes decline, pressing...

Samsung’s AI-Led Profit Recovery Stumbles as Rivals Seize the Lead in Booming Chip Market

Oct 31, 2024 01:43 am UTC| Technology Business

Samsung Electronics reported a 9.2 trillion won third-quarter profit, reflecting growth yet slowing against fierce competition in the AI-driven chip sector. While rivals like TSMC and SK Hynix gain from surging AI demand,...

Digital Currency Revolution

Solana ETF Filed with SEC as Canary Capital Heats Up the Crypto Race with New Proposal

Oct 31, 2024 01:32 am UTC| Digital Currency Technology Business

Canary Capital has ignited the ETF race by filing with the SEC for a spot Solana ETF, aiming to offer investors streamlined access to SOL through brokerage accounts. This marks a major step, following similar bids by asset...

Digital Currency Revolution

Shiba Inu's 88.9 Trillion Sell Wall Threatens Price Rally—Can SHIB Break Through?

Oct 31, 2024 01:11 am UTC| Digital Currency Technology Business

An enormous sell wall of 88.9 trillion Shiba Inu (SHIB) tokens stands at a crucial resistance point, potentially stalling its price rally. As SHIB contends with slight losses, investors watch closely to see if it can...

Digital Currency Revolution

1.74B DOGE Moves to Robinhood as Whale Transfers Spark Fear of Dogecoin Sell-Off

Oct 30, 2024 23:50 pm UTC| Digital Currency Technology Business

The price of Dogecoin could face selling pressure after a whale transferred 1.74 billion DOGE to Robinhood in six separate transactions, signaling a possible profit-taking strategy amid the crypto markets latest...

Cybertruck to Hit Canada Next Week: Tesla’s First Canadian Deliveries Set for Nov. 5

Oct 30, 2024 23:30 pm UTC| Technology Business

Tesla is gearing up to launch the first Canadian Cybertruck deliveries on Nov. 5, marking a significant milestone in the rollout of its groundbreaking electric truck. Early deliveries will include the AWD foundation...

571 572 573 574 575 576 577 578 579 580

Economy

Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

U.S. stocks surged on Friday, posting their strongest session since May 2025, as investors regained confidence following a turbulent week marked by sharp losses in technology shares and uncertainty around the artificial...

Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination

Gold and silver prices climbed on Friday, closing out an exceptionally volatile week in the precious metals market following a historic selloff. The turbulence was sparked by the nomination of former Federal Reserve...

RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal

The Reserve Bank of India (RBI) on Friday kept its key repo rate unchanged at 5.25%, a widely expected decision that reflects confidence in Indias strong economic growth and easing external pressures following a major...

Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm

Japans economy is widely expected to have returned to growth in the final quarter of 2025, supported by strong corporate investment and resilient consumer spending, according to a recent Reuters poll of economists. The...

Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election

Asian stock markets mostly declined on Friday, tracking sustained losses in global technology shares and a weak lead from Wall Street, while Japanese equities managed to stabilize ahead of a closely watched national...

Politics

U.S. to Begin Paying UN Dues as Financial Crisis Spurs Push for Reforms

The United States will make an initial payment toward the billions of dollars it owes the United Nations within weeks, according to comments made by U.S. Ambassador Mike Waltz in a recent interview with Reuters. The move...

Norway Opens Corruption Probe Into Former PM and Nobel Committee Chair Thorbjoern Jagland Over Epstein Links

Norways economic crime police unit, Økokrim, has opened an investigation into former prime minister and former Norwegian Nobel Committee chairman Thorbjoern Jagland on suspicion of aggravated corruption, authorities...

Iran–U.S. Nuclear Talks in Oman Face Major Hurdles Amid Rising Regional Tensions

Iran and the United States are preparing for high-stakes nuclear negotiations in Oman on Friday, but deep disagreements over the agenda and escalating regional tensions suggest that meaningful progress will be difficult....

Trump Allegedly Sought Airport, Penn Station Renaming in Exchange for Hudson River Tunnel Funding

U.S. President Donald Trump reportedly offered to release frozen federal funding for the $16 billion Gateway Hudson River tunnel project in exchange for Democratic Senator Chuck Schumers support for renaming Washington...

TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans

U.S. President Donald Trump has launched a new website called TrumpRx, aimed at helping Americans lower their prescription drug costs by offering discounted prices for those who prefer to pay cash instead of using health...

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

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....