Lucas Jackson/Reuters US stocks slumped on Wednesday, led by a sharp decline in tech stocks. The major indexes fell throughout the day, with the tech-heavy Nasdaq down more than 1%. Investors are grappling with the prospect of higher-for-longer interest rates after comments from Powell on Wednesday. US stocks slid on Wednesday, with the S&P 500 […]
Google terminated 28 employees Wednesday, according to an internal memo viewed by CNBC, after a series of protests against labor conditions and the company’s contract to provide the Israeli government and military with cloud computing and artificial intelligence services. The news comes one day after nine Google workers were arrested on trespassing charges Tuesday night […]
Google terminated 28 employees Wednesday, according to an internal memo viewed by CNBC, after a series of protests against labor conditions and the company’s contract to provide the Israeli government and military with cloud computing and artificial intelligence services. The news comes one day after nine Google workers were arrested on trespassing charges Tuesday night […]
A worker fixes a flag of the ruling Bharatiya Janata Party on a hoarding of their leader and India’s Prime Minister Narendra Modi on April 15, 2024. Idrees Mohammed | Afp | Getty Images Indians head to the polls on Friday in what will be the world’s largest democratic election, as close to one billion […]
KUALA LUMPUR, MALAYSIA – 2018/01/24: A foreigner is seen with a Malaysia flag as a background. Kuala Lumpur or commonly known as KL is the national capital for Malaysia and is the fastest growing metropolitan regions in South-East Asia. The urban city is also well known to the world for tourism and shopping. Kuala Lumpur […]
(Bloomberg) — Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government with AI and cloud services. Most Read from Bloomberg The protests, which were led by the No Tech for Apartheid organization, took place Tuesday […]
Baidu CEO Robin Li speaks during the company’s Create conference in Shenzhen, China, on April 16, 2024. Bloomberg | Bloomberg | Getty Images SHENZHEN, China – One year after Chinese search engine operator Baidu released its ChatGPT-like Ernie bot, the company this week announced tools to encourage locals to develop artificial intelligence applications. “In China […]
TAIPEI (Reuters) -TSMC, the world’s largest chipmaker and a major Apple and Nvidia supplier, forecast second-quarter sales may rise as much as 30% as it rides a wave of demand for semiconductors used in artificial intelligence (AI) applications. The surging need for processors for AI left executives at Taiwan Semiconductor Manufacturing Co (TSMC), which investors […]
TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc and Nvidia supplier, has benefited from […]
TAIPEI (Reuters) -Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has helped it […]
Yichiro Chino/Getty Images Stocks are poised for a “reset,” according to Technical Traders’ Chris Vermeulen. Defensive areas of the market are rallying, which is typical in a late-stage bull market. Bull markets are inevitably followed by bear markets and a financial reset, Vermeuelen warned. Stocks have been in the midst of a long bull market, […]
Vehicles sit parked outside the Tesla Inc. solar panel factory in Buffalo, New York, U.S., on Wednesday, Dec. 26, 2018. Andrew Harrer | Bloomberg | Getty Images Tesla is laying off 285 employees in the state of New York as part of a broader restructuring according to a WARN notice filed in the state. Most […]
