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Alibaba Group on Wednesday unveiled a new AI chip, the Zhenwu M890, as the Chinese technology giant intensifies efforts to build domestic alternatives to ‌Nvidia processors amid tightening U.S. export curbs. The chip, developed by Alibaba's semiconductor design subsidiary ‌T-Head, delivers three times the performance of its predecessor, Zhenwu 810E. Alibaba said the new processor is well-suited to handle the heavy memory and communication demands of agent workloads, where models must retain long stretches of context and coordinate with one another in real time.

Cava Group Inc (CAVA) reports a 32.2% revenue increase and successful restaurant expansion, despite facing cost challenges.

The South Korean chip maker said it couldn’t accept the union’s demands, including compensation even for unprofitable business units.

Management and union leaders at Samsung Electronics failed to reach a last-minute deal over wages Wednesday, raising prospects for a strike at the South Korean electronics giant that could rattle global semiconductor supplies and the country’s trade-dependent economy. Government officials have threatened to invoke rarely used emergency powers to force a settlement at Samsung, where the union, which represents about 74,000 workers, says the company has failed to offer adequate compensation despite its soaring profits fueled by the global boom in artificial intelligence. After the latest round of talks ended without a breakthrough on Wednesday, union leader Choi Seung-ho told reporters that unionized workers will begin an 18-day strike from Thursday.

U.S. markets are poised to open with gains on Wednesday as bond yields slipped and oil prices fell. Futures for the S&P 500 rose 0.4% while futures for the Dow Jones Industrial Average edged 0.2% higher and Nasdaq futures jumped 0.7%.

Blackstone, already the world’s largest private owner of data centers, will provide an initial $5 billion investment.

BEIJING, May 20 (Reuters) - China will buy 200 Boeing jets and seek an extension of the trade agreement with the United States reached in Kuala Lumpur last year, the Chinese Commerce Ministry said on

Alibaba has unveiled a new artificial-intelligence chip as well as an update of its AI model, as the Chinese company aggressively pursues its AI ambitions on multiple fronts. Alibaba also released an update of its large language model, called Qwen3.7-Max, which is engineered for more advanced agent coding and complex reasoning. Alibaba’s management said in a recent earnings call that scaling up the deployment of its in-house chips represent “the highest value for money compute power,” which will improve Alibaba Cloud’s margins.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is one of the 10 Stocks With Powerful Gains. Credo Technology snapped a five-day losing streak on Tuesday, surging 8.14 percent to close at $168.99 apiece, as investors resorted to bargain-hunting while repositioning portfolios ahead of the results of its earnings performance for the fourth quarter and fiscal year […]

Asian markets fell Wednesday as surging bond yields and stubborn inflation concerns knocked an investor confidence already shaken by US President Donald Trump's renewed threats of striking Iran.Across Asia, most major markets were in the red, with Tokyo leading losses as the Nikkei fell more than one percent in morning trade.

Starbucks (SBUX) has spent most of the past year attempting to convince Wall Streetthat its turnaround strategy is finally starting to pay off. The coffee giant has been slashing costs, restructuring operations and investing extensively in cafe performance after a challenging period of declining ...

By Stella Qiu SYDNEY, May 20 (Reuters) - Asian stocks fell for a fourth straight session on Wednesday as war-driven inflation fears hammered bonds, while investors awaited earnings from Nvidia to see

Elon Musk wants to take SpaceX public -- and he's asking investors to believe the rocket and AI company is worth almost $1.75 trillion. Musk is asking investors to value the company at nearly 100 times that. 

Samsung Electronics' management and its labour union resumed talks on Wednesday with only one day ‌to go before a planned major strike that threatens the health of South Korea's ‌economy and could disrupt the global supply of semiconductors. Park said he had proposed a compromise plan, which is being reviewed by Samsung. Should management accept ⁠the proposal, it will be put to a vote by Samsung's union members as early as Wednesday.

Nu Holdings Ltd (NU) reports a historic $5 billion revenue and significant international growth, while navigating challenges in credit provisions and secured lending.

Tel Aviv Stock Exchange Ltd (TVAVF) reports a 40% revenue surge and record trading volumes, despite facing geopolitical tensions and reduced surplus equity.

(Bloomberg) -- Meta Platforms Inc. is alerting thousands of employees that they’re being laid off, part of a previously announced restructuring aimed at improving efficiency and reducing costs while investing heavily in artificial intelligence.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’

(Bloomberg) -- Meta Platforms Inc. is alerting thousands of employees that they're being laid off, part of a previously announced restructuring aimed at improving efficiency and reducing costs while investing heavily in artificial intelligence.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensBillionaire Rinehart Bets $100 Million on US Defense St

(Bloomberg) -- Meta Platforms Inc. is alerting thousands of employees that they’re being laid off, part of a restructuring aimed at improving efficiency and reducing costs while investing heavily in artificial intelligence.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensBillionaire Rinehart Bets $100 Million on US Defense StocksTrump Says Holdin

Warren Buffett has spent decades doing one thing better than almost anyone on Wall Street. He buys when everyone else is nervous. And he sells when the crowd is most excited. That playbook appears to have driven Berkshire Hathaway's latest move in one of its most high-profile energy ...

Moby summary of Keysight Technologies, Inc.'s Q2 2026 earnings call

As someone who's been a Costco member for 20 years and an Executive member for most of them, I'm often asked why I continue to pay for access to a store I'm going to spend money at. After all, I could just waltz into Walmart and load up on low-cost groceries and household essentials instead. But a ...

AT&T, T-Mobile, and Verizon have all seen elevated customer losses in recent months amid rising competition. In an effort to gain ground, the three carriers are joining forces to deliver a significant network upgrade for customers, a move that challenges a fast-growing competitor. In the ...

The home improvement giant just delivered another steady quarter. Yet shares haven't been this cheap in more than two years.

McDonald's (MCD) is giving customers more reasons to return to its franchises, but the company’s new menu push isn’t just about drinks, burgers, and limited-time sauces. The fast-food behemoth is pushing specialty drinks, bargain menus, premium burgers, Snack Wraps and pop-culture tie-ins at a time ...

May 19 () - Goldman Sachs is expected to secure the much-coveted lead left position in Elon Musk's rocket and satellite maker SpaceX's ‌initial public offering, a source familiar with the matter told ‌on Tuesday. The position refers to the bank that holds the most senior and prominent role ​among all the underwriters of an IPO deal.

Google and Blackstone have formed a joint venture to offer AI data center capacity, networking and computer hardware as a “compute-as-a-service product,” the asset manager said. The tie-up opens a new avenue in the rush of private equity into AI infrastructure, moving it beyond data centers and into the business of financing compute itself. Blackstone is making an initial $5 billion equity commitment, with the first 500 megawatts of capacity expected online in 2027, the firm said in a statement.