News

French container shipping group CMA CGM is nearing a deal to buy FedEx’s third-party logistics business for $1.4bn in cash, further strengthening...

(Bloomberg) -- On the southwest coast of County Cork, where the lush green landscape gives way to the paler green of the Atlantic Ocean, Ireland is about to make its mark in the tech world again. A subsea cable is due to make landfall here, a high-capacity fiber-optic link designed to handle artificial intelligence loads for Amazon Web Services customers across Europe.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blo

(Bloomberg) -- The year was tipped to be a potential blockbuster in deals and the first half delivered, setting a pace that is likely to continue in the closing months of 2026.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsWhatsApp Opens Username Reservations to 3 Billion UsersYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanFrom wel

FedEx will be closing its local shipping center at 2200 Ragu Drive next month. According to David Westrick, a FedEx spokesman, the facility will be closing permanently on Aug. 29. Westrick said he could not provide any specific details about the number of employees that will be affected or how this will affect local FedEx shipping services. Local customers have already started receiving emails ...

The platform, said to be Korea’s largest for renewable energy, will have around 1.7 gigawatts of capacity currently in operation and a development pipeline that would raise its total capacity to 10 gigawatts.

SpaceX went public on Nasdaq on June 12 with a $75 billion raise and a valuation that eclipsed every initial public offering in history. The stock surged 19% on its first day of trading, closing at $160.95 and briefly trading near a $2.25 trillion intraday valuation before paring gains to finish ...

SEOUL, July 1 (Reuters) - South Korea's antitrust regulator alleged on Wednesday that Alphabet's Google abused its dominant position in the Android app marketplace to hinder competition and will

Grocery shopping has become a lot more complicated for customers. Shoppers want low prices, but they also want fresh produce, cold dairy, reliable pickup, faster delivery, and shelves that are stocked when they walk into a store after work. That puts more pressure on what happens behind the scenes. ...

Global shares were mixed on Wednesday as uncertainty persisted over conflict in the Middle East and access to the crucial Strait of Hormuz despite an initial deal to end the U.S.-Iran war. France's CAC 40 declined 0.3% in early trading to 8,379.92, while the German DAX added 0.3% to 25,069.53. Britain's FTSE 100 dipped 0.1% to 10,484.53.

Asian stocks were mixed Wednesday as investors nervously awaited key US jobs data that could help determine the Federal Reserve's next interest rate decision, while the yen is in focus as it wallows around four-decade lows.But fears are growing that those valuations have now gone too far, investors might not see returns as early as expected and US interest rates could start to go up.

(Bloomberg) -- Bitcoin fell to a fresh 21-month low as the prospect of higher interest rates and concerns about the largest corporate buyer of the token weakened sentiment.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanWhatsApp Opens Username Reservations to 3 Billion UsersIran Ratchets Up Talk of Controlling Hormuz Before New TalksBitcoin dro

Fed Chair Kevin Warsh is scheduled to give a speech at the European Central Bank Forum on Central Banking in Sintra, Portugal, on Wednesday.

The most consequential parts of your portfolio are usually the ones you never think about. Not the flashy name everyone argues about at dinner, but the boring component buried three layers down that quietly decides whether the whole thing works. For years, memory chips were exactly that kind of ...

A federal judge denied Meta's motion to dismiss a social media addiction lawsuit brought by 29 state attorneys general alleging online harm to children.

Uber-backed Lime ‌has priced ‌its U.S. initial ​public offering at $25 per share, the midpoint ‌of ⁠the marketed range, Bloomberg ⁠News reported on Tuesday, ​citing ​a ​person familiar. Lime ‌did not immediately respond to a Reuters request for comment ‌outside ​regular ​business ​hours.

Bending Spoons, owner of the video platform Vimeo and the internet services company AOL, priced its U.S. initial ‌public offering above its targeted range at $29 per share on Tuesday, raising $1.68 billion in a ‌rare software IPO as the sector grapples with disruption from AI. The Italian software company and its existing shareholders ​sold about 58 million shares in one of the largest IPOs by a European company this year. The deal comes as the U.S. market for initial public offerings ‌has regained momentum after a prolonged ⁠slowdown.

Exports were powered by the unabated demand for advanced chips to fuel the global artificial-intelligence boom, resulting in their largest increase in nearly five decades.

Your own head has always felt like the last place no one else can get into. You can lie with your face, edit your words, delete a text before you hit send. But the half-formed sentence sitting behind your eyes, the one you have not decided to share yet, has stayed yours alone for the entire history ...

Microsoft is planning to cut under 2.5% of its workforce in the latest round of layoffs ‌that could be announced as early as next week, Business ‌Insider reported on Tuesday, citing sources. • The layoffs ⁠will impact thousands of roles, including sales and consulting, as well as jobs at the Xbox gaming division, ⁠the Business Insider report said. • Microsoft declined to comment on the report.

By David Lawder WASHINGTON, June 30 (Reuters) - U.S.

ON Semiconductor Corporation (ON) just made the biggest bet in its corporate history. On Thursday, June 25, the Scottsdale-based chipmaker announced a $7 billion all-stock agreement to acquire Synaptics Incorporated (SYNA). This is the company's biggest transaction to date. CEO Hassane ...

The S&P 500 and Nasdaq composite turned in 24 and 20 record closes, respectively, in the year's first half, lifted by the artificial-intelligence boom that has fueled sizable gains in the chip makers supplying the build-out.

US stocks fell after tech stocks jumped and the Dow closed at an all-time high on Tuesday.

US stock futures fell after tech stocks jumped and the Dow closed at an all-time high.

Investing.com -- Mizuho Securities Asia raised its forecast for TSMC's monthly CoWoS packaging capacity to 140,000 units by 2026 and 190,000–200,000 units by 2027, up from prior estimates of 120,000 and 170,000–180,000 respectively, as a sharply upgraded outlook for AI-driven server CPU demand forces a broad revision to the firm's semiconductor supply model.

Nike earnings released Tuesday were lifted by a hefty US tariff refund, but weak sales in China and a tepid forecast weighed on shares.But company officials said sales had picked up in June, citing a lift from the World Cup, as well as the pullback in gasoline prices after the US-Iran memorandum of understanding on ending the war.

Uber’s business depends on a simple but fragile exchange of trust. A customer opens an app, confirms a name and license plate, and gets into a stranger’s car. This routine has become normal for millions of riders heading to airports, restaurants, offices, hotels, concerts, and home after nights ...

The S&P 500 and the Nasdaq rose 0.8% and 1.5%, respectively, in the second quarter's final session. For the three-month period, the S&P 500 advanced 15%, its best quarterly performance in six years. The yen sank to a 40-year low.

There is a new stablecoin in town, and an old player's stock is facing the heat. A stablecoin is an integral part of the DeFi infrastructure. It is a cryptocurrency designed to hold a steady value by pegging to an asset like the dollar, typically backed by reserves such as cash and ...

Dish DBS filed for bankruptcy Tuesday after a deal to sell spectrum to AT&T was held up. The satellite pay-television provider, owned by Colorado-based EchoStar, entered chapter 11 in the U.S. Bankruptcy Court in Houston with a prepackaged plan backed by 88% of its creditors holding Dish DBS bonds, according to a news release.