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Foxconn Warns of Weaker 2025 Outlook Despite Strong AI Demand

May 15, 2025 05:15 am UTC| Technology Business

Hon Hai Precision Industry Co Ltd (TW:2317), globally known as Foxconn, reported solid quarterly earnings but issued a cautious sales outlook for 2025, citing currency pressures and trade policy uncertainty. Despite its...

Tencent Stock Target Raised After AI-Driven Q1 Earnings Beat

May 15, 2025 05:09 am UTC| Business Technology

Tencent Holdings Ltd (HK:0700) received multiple price target upgrades after reporting strong Q1 earnings that exceeded analyst expectations, fueled by artificial intelligence advancements in its advertising and gaming...

Nvidia and AI Dominate Computex 2025 Amid Tariff Concerns

May 15, 2025 03:35 am UTC| Technology Business

At this years Computex trade show in Taiwan (May 2023), Nvidia CEO Jensen Huang is once again expected to steal the spotlight, alongside growing focus on artificial intelligence (AI) and U.S. tariff tensions. With over...

CoreWeave Plans $23B AI Infrastructure Push Despite Short-Term Market Jitters

May 15, 2025 03:31 am UTC| Technology Business

CoreWeave, the Nvidia-backed AI cloud services provider, announced plans to invest between $20 billion and $23 billion in AI infrastructure and data centers in 2025. This aggressive capital expenditure strategy aims to...

Foxconn Q1 Profit Surges 72% on AI Server Demand Amid Trade Uncertainty

May 14, 2025 04:03 am UTC| Business Technology

Taiwans Foxconn, the worlds largest contract electronics manufacturer, is expected to report a 72% surge in first-quarter net profit, driven by strong demand for artificial intelligence servers. According to a consensus...

Chinese Chipmaker SiCarrier Targets $2.8B Funding Amid Huawei Ties and Rising Ambitions

May 14, 2025 03:33 am UTC| Technology Business

SiCarrier, a state-owned Chinese semiconductor equipment startup backed by Shenzhen, is seeking to raise $2.8 billion in one of the largest yuan-denominated fundraisings of the year. Founded in 2021, the company has gained...

NVIDIA Stock Soars on AI Deals During Trump’s Middle East Trip

May 14, 2025 02:50 am UTC| Technology Business Politics

NVIDIA (NASDAQ: NVDA) shares surged 5.5% midday Tuesday following CEO Jensen Huangs participation in U.S. President Donald Trumps high-profile visit to the Middle East. The trip has already delivered major wins for the AI...

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Economy

UAE Central Bank Probes Banque Misr Over Iran Links

The Central Bank of the United Arab Emirates has launched an urgent investigation into Banque Misrs UAE branches following a U.S. move to restrict the lenders access to the dollar clearing system over alleged financial...

Canadian Dollar Slides as Fed Rate Hike Bets Boost US Dollar

The Canadian dollar weakened on Friday and was on track for its sharpest weekly decline in more than two months, as a stronger U.S. dollar overshadowed surprisingly robust Canadian economic growth. The loonie traded near...

Bessent Defends US Yen Intervention Over Treasury Market Risks

U.S. Treasury Secretary Scott Bessent has defended Washingtons decision to support the Japanese yen in late July, arguing that severe currency volatility could threaten global financial stability and ultimately push U.S....

US Dollar Hits Two-Week High After Hawkish Fed Speech

The U.S. dollar climbed to a near two-week high on Friday after Federal Reserve Chair Kevin Warsh delivered a hawkish message at the Jackson Hole Economic Policy Symposium, strengthening expectations for a September...

Oil Prices Slip as Venezuela Supply Prospects Weigh on Market

Oil prices edged lower on Friday as traders assessed reports that the United States was nearing a deal for long-term access to Venezuelan crude reserves, potentially opening the door to billions of dollars in investment...

Politics

King Haakon VIII Honors Late Father Harald in First Address

King Haakon VIII of Norway paid an emotional tribute to his late father, King Harald, in his first address to the nation since ascending the throne, praising him as a devoted parent and a monarch who championed unity and...

Iceland Counts Votes in Close EU Membership Talks Referendum

Iceland began counting ballots late Saturday after voters took part in a closely contested referendum on whether the country should reopen European Union membership negotiations, reviving a decades-long debate over...

South Korea Leveraged Chip ETF Trading Plunges After New Rules

South Korean retail investors are rapidly retreating from leveraged exchange-traded funds linked to Samsung Electronics and SK Hynix after regulators imposed stricter trading requirements, Bloomberg reported Sunday....

Finland’s Stubb Says Russia Unlikely to Attack NATO

Finland President Alexander Stubb has played down concerns that Russia could launch an attack against a NATO member, arguing that Moscow would have little reason to challenge the worlds most powerful military alliance....

Nepal Declines Foreign Rescue Aid After Deadly Flash Flood

Nepal has said it does not currently require foreign search-and-rescue assistance following a devastating flash flood that killed nearly 500 people and left hundreds of foreign nationals missing. The disaster struck...

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

Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns

Pinterest Inc. (NYSE: PINS) shares fell sharply in after-hours trading on Friday after the social media company announced the resignation of Chief Financial Officer Julia Brau Donnelly, prompting investor attention on the...

PayPal Shares Sink as $50 Billion Takeover Bid Collapses

PayPal Holdings (NASDAQ: PYPL) shares plunged in extended trading after a consortium led by private equity firm Advent International and payments giant Stripe reportedly ended its pursuit of the digital payments company....

Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns

Nvidia has temporarily halted some deals tied to a recently introduced financing program for artificial intelligence cloud companies, amid internal concerns that the arrangement could attract greater antitrust scrutiny,...

Google Changes EU Spam Policy Amid Antitrust Scrutiny

Google has revised its spam policy in Europe after concerns from European Union regulators raised the possibility of a significant antitrust fine for Alphabet, the search giants parent company. The company said Friday that...

U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China

The U.S. government is investigating Singapore-based Apex Logistics over allegations that the freight company helped transport Nvidia AI chips and computer systems to China despite U.S. export restrictions, Bloomberg...