Alibaba Group Chairman Joe Tsai confirmed the company is partnering with Apple to help it roll out AI for iPhones sold in China.Alibaba Group Chairman Joe Tsai confirmed the company is partnering with Apple to help it roll out AI for iPhones sold in China. An Apple Store on Jan. 26, 2025, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Alibaba Group Chairman Joe Tsai confirmed on Thursday that the company was partnering with Apple to roll out AI for iPhones sold in China, speaking at the World Governments Summit in Dubai. “[Apple] talked to a…
Author: MAK Gojar
Software vendors SAP and Databricks are joining forces to help companies analyze their most critical data.Software vendors SAP and Databricks are joining forces to help companies analyze their most critical data. In this article SAP Follow your favorite stocksCREATE FREE ACCOUNT Christian Klein, CEO of the software group SAP, during the annual press conference. Europe’s largest software manufacturer SAP is today announcing its figures for the past financial year. Uwe Anspach | Picture Alliance | Getty Images SAP is one of the world’s largest software companies. Databricks is among the fastest growing. On Thursday, the two companies announced a partnership…
A Fed interest rate cut won’t be coming until at least September, if at all this year, following a troubling inflation report Wednesday.A Fed interest rate cut won’t be coming until at least September, if at all this year, following a troubling inflation report Wednesday. Cartons of eggs are displayed at a grocery store with a warning that limits will be placed on purchases as bird flu continues to affect the egg industry on Feb. 10, 2025 in New York City. Spencer Platt | Getty Images A Federal Reserve interest rate cut won’t be coming until at least September, if…
Shares have advanced about 12% in 2025.Shares have advanced about 12% in 2025. GE Vernova is more than ready to meet the rising demand for energy, according to Baird. The firm initiated coverage of the energy services and equipment company with an outperform rating and a $448 per share price target. Baird’s forecast implies more than 21% upside from Wednesday’s close. Analyst Ben Kallo said GE Vernova is an essential player to meet rising demand for energy and energy infrastructure, both of which will help margins expand. “The rising demand for energy generation solutions gives the company pricing power for out…
Vice President JD Vance and Secretary of State Marco Rubio are expected to attend a major security conference in the German city Friday.Vice President JD Vance and Secretary of State Marco Rubio are expected to attend a major security conference in the German city Friday. Members of the emergency services work at the scene where a car drove into a crowd in the southern German city of Munich on February 13, 2025 leaving several people injured, police said. Michaela Stache | Afp | Getty Images MUNICH, Germany— German police said Thursday that 27 people were injured when a car plowed…
About 75,000 workers have signed up for the buyout, said a spokesperson for the U.S. Office of Personnel Management, equal to 3% of the civilian workforce.About 75,000 workers have signed up for the buyout, said a spokesperson for the U.S. Office of Personnel Management, equal to 3% of the civilian workforce. Demonstrators rally outside the U.S. Treasury Department after it was reported billionaire Elon Musk has gained access to Treasury’s federal payments system that sends out more than $6 trillion per year in payments on behalf of federal agencies and contains the personal information of millions of Americans, in Washington,…
The companies first announced merger talks last December to create the world’s third-largest automaker by vehicle sales.The companies first announced merger talks last December to create the world’s third-largest automaker by vehicle sales. The Nissan logo appears on a smartphone screen, and in the background, the Honda Motor Company logo is visible in this illustration photo in Reno, United States, on December 26, 2024. Jaques Silva | Nurphoto | Getty Images Japanese automakers Honda and Nissan said Thursday they would terminate merger talks, ending speculation over the fate of a $60-billion deal that was slated to create the world’s third-largest…
Consumer goods giant Unilever posted slightly weaker-than-expected sales growth and pointed to a “slower start to 2025.”Consumer goods giant Unilever posted slightly weaker-than-expected sales growth and pointed to a “slower start to 2025.” Pints of Ben & Jerry’s ice cream are seen on a shelf at Ideal Fresh Market of Church Ave on March 19, 2024 in the Flatbush neighborhood of Brooklyn borough in New York City. Michael M. Santiago | Getty Images Consumer goods giant Unilever on Thursday posted slightly weaker-than-expected sales growth and pointed to a subdued start to 2025, although it expects this to reverse in the…
President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday, the White House said.President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday, the White House said. President Donald Trump speaks while signing executive orders in the Oval Office of the White House in Washington, Feb. 10, 2025. Kevin Lamarque | Reuters President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday, the White House said Wednesday. “I do believe it…
“I think we do need to delete entire agencies, as opposed to leave part of them behind. … It’s kind of like leaving a weed,” Musk said.”I think we do need to delete entire agencies, as opposed to leave part of them behind. … It’s kind of like leaving a weed,” Musk said. Tesla and SpaceX CEO Elon Musk delivers remarks as he joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on February 11, 2025 in Washington, DC. Andrew Harnik | Getty Images DUBAI, United Arab Emirates — The U.S.…
Here are the biggest calls on Wall Street on Thursday.Here are the biggest calls on Wall Street on Thursday. Here are the biggest calls on Wall Street on Thursday: Morgan Stanley reiterates Nvidia & Broadcom as overweight Morgan Stanley says it’s sticking with both semis companies. “In the last six months, the momentum in the AI trade has clearly moved to custom silicon, as NVIDIA has tread water and AMD has sharply underperformed. NVIDIA’ s $3 trillion of market cap is supported by over $32 bn of quarterly AI revenue, while AVGOs’ $1.1 trillion comes from $3.2 bn of quarterly revenue.”…
These are the stocks posting the largest moves in premarket trading.These are the stocks posting the largest moves in premarket trading. Check out the companies making headlines before the bell. Robinhood — The digital trading platform rallied 13% after reporting stronger-than-expected revenue for the fourth quarter. Robinhood posted $1.01 billion in the period, coming above the LSEG consensus estimate of $944.6 million. MGM Resorts — The resorts and casinos stock jumped nearly 10%. The company posted $4.35 billion in revenue for the fourth quarter Analysts polled by LSEG expected a top line of $4.27 billion. Reddit — Shares tumbled 8% after…
U.S. investors and large pharmaceutical companies are increasingly doing deals in China as the country’s biopharma sector transforms.U.S. investors and large pharmaceutical companies are increasingly doing deals in China as the country’s biopharma sector transforms. A worker is working on a drug production line at the production workshop of a pharmaceutical company in Meishan, China, on January 30, 2024. Nurphoto | Nurphoto | Getty Images A little-known biotech company stunned the biopharmaceutical industry last spring when it declared an “unprecedented” achievement: its experimental cancer drug looked more effective than Merck’s Keytruda in a clinical trial. The company, Summit Therapeutics, licensed…
OpenAI was initially founded as a nonprofit in 2015, and later converted to a “capped profit” model in 2019.OpenAI was initially founded as a nonprofit in 2015, and later converted to a “capped profit” model in 2019. Dado Ruvic | Reuters Elon Musk will withdraw his $97.4 billion bid for OpenAI’s non-profit arm if the ChatGPT maker stops its conversion into a for-profit entity, according to a court filing. “If OpenAI, Inc.’s Board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk will withdraw the bid,”…
Stock futures were slightly higher Thursday as traders awaited more inflation stats while global trade fears lingered.Stock futures were slightly higher Thursday as traders awaited more inflation stats while global trade fears lingered. Traders work on the floor of the New York Stock Exchange on Feb. 4, 2025. NYSE Stock futures were slightly higher Thursday as traders awaited more inflation stats while global trade fears lingered. Futures tied to the S&P 500 rose 0.1%, while Nasdaq 100 futures added 0.2%. Dow Jones Industrial Average futures advanced 48 points, or 0.1%. The January producer price index is due for release at…
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