Chinese stocks fell into bear-market territory on Thursday after a record 10-week losing streak, as disappointing corporate earnings and fading expectations of government stimulus deepened the sell-off. The CSI 300…
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Meta META shares slipped in premarket trading on Thursday even after the Facebook parent delivered better-than-expected third-quarter revenue, as investors weighed the cost of its aggressive artificial intelligence expansion. The…
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Barclays plans to eliminate about 5,000 jobs this year as the UK bank expands its use of artificial intelligence and pursues a broader cost-cutting programme. The reductions will affect approximately…
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SoftBank stock continued its strong downward trend, while its bond yields jumped as concerns about the artificial intelligence (AI) business continued. It dropped to ¥4,305 on Thursday, its lowest level…
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Tesla shares fell more than 3% in after-hours trading on Wednesday, reversing an initial gain of about 2% following its third-quarter earnings announcement, as investors assessed lower capital expenditure guidance…
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QuantumScape stock (NASDAQ: QS) jumped roughly 10% in Wednesday’s after-hours trading despite an $84.5 million quarterly loss, as investors welcomed plans to manufacture solid-state batteries for artificial intelligence data centres…
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A major security scare involving PHP, software used to run much of the internet, has forced government agencies and businesses to suspend websites while racing to fix two critical vulnerabilities.…
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Samsung Electronics and SK Hynix shares slipped in Seoul on Thursday, threatening to interrupt a sharp rebound as investors remained nervous about South Korea’s dependence on the artificial intelligence boom.…
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South Korea’s KOSPI fell sharply on Thursday and Japan’s Nikkei 225 reversed an early advance as renewed selling in artificial intelligence-linked shares overshadowed strong US technology earnings. The KOSPI slid…
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Tesla reported better-than-expected adjusted earnings for the third quarter on Wednesday. A rebound in vehicle deliveries and growth in energy storage supported sales, while spending on artificial intelligence, robotics and…