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Samsung Electronics’ talks with its labor union failed to reach an agreement over how the company’s massive profits are distributed, raising the likelihood of a strike next week.
BEIJING/SEOUL, May 13 (Reuters) - U. President Donald Trump picked up Nvidia CEO Jensen Huang in Alaska en route to a high-stakes Beijing summit with China's Xi Jinping, while his top trade negotiator Scott Bessent began preparatory talks with Chinese officials in South Korea.
(Bloomberg) -- The worsening shortage in global memory chips due to the artificial intelligence buildout is driving a widening gulf in corporate results and stock performances.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home RevenueIran Makes New Offer on Uranium in Response to US, WSJ SaysShares of memory makers Micron Technology Inc. and S
Intel (INTC) stock closed the May 11 trading session at $129.44. That means it has gained 93.8% since April 23, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is up about 4.3% in the same period. Why is Intel outpacing the S&P 500 so much, and why that specific period? ...
Meta Platforms, Inc. (NASDAQ:META) is temporarily granting competing AI chatbot developers free access to WhatsApp in Europe as it seeks to resolve escalating antitrust concerns from EU regulators and avoid potentially billions in penalties. Meta Makes Temporary WhatsApp Concession Amid EU Pressure The company said Tuesday that general-purpose AI chatbots operating in the European Economic Area will receive free access to WhatsApp's Business API for one month while discussions with the European
Upexi (NASDAQ:UPXI) reported higher fiscal third-quarter revenue but a large net loss tied primarily to unrealized losses on its Solana holdings, as management said a weak crypto market weighed on both token prices and industry valuation multiples during the quarter ended March 31, 2026. Chief Exec
Nvidia (NVDA) stock investors have laughed all the way to the bank over the past three years, as the company has crushed the AI chip space. CoreWeave (CRWV) CEO Michael Intrator, however, just laid out why that incredible level of dominance requires consistent defense. In a recent CNBC ...
If you love air travel and the companies that made history in the not-so-friendly skies, get to know Boeing, the biggest aircraft manufacturer of them all. The aerospace giant is one of the significant success stories in U.S. corporate history, with a background steeped in aviation business and ...
QuickLogic (NASDAQ:QUIK) reported higher first-quarter fiscal 2026 revenue and reiterated expectations for strong full-year growth, as management highlighted progress in radiation-hardened FPGA products, embedded FPGA intellectual property and chiplet-related opportunities. President and Chief Exec
Highways, railroads and ports in Saudi Arabia, the U.A.E. and Oman have been transformed into an emergency logistics lifeline during the Iran war.
Leading cryptocurrencies struggled alongside major stock indexes on Tuesday after consumer inflation rose more than expected in April. Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:15 p.m. EDT)Bitcoin (CRYPTO: BTC)-0.59%$80,908.89Ethereum (CRYPTO: ETH) -1.62%$2,288.88XRP (CRYPTO: XRP) -2.15%$1.44Solana (CRYPTO: SOL) -2.26%$94.99Dogecoin (CRYPTO: DOGE) +0.08%$0.1112 Crypto Market Stagnates Bitcoin dived below $80,000 during the afternoon, but recouped gains late in the evening. $82,000. Eth
Nvidia CEO Jensen Huang has joined over a dozen U.S. CEOs on President Donald Trump's visit to China this week. Trump called Huang last-minute on Tuesday after seeing media coverage that he was not invited, according to one source familiar with the matter. Huang was seen by White House reporters boarding Air Force One in Alaska, joining Trump on his flight to China.
Nextpower (NASDAQ:NXT) reported a strong finish to fiscal 2026, with executives pointing to record backlog, growth in its core solar tracker business and a broader push into power plant technology as key themes for the year ahead. Chief Executive Officer and Founder Dan Shugar said the company deli
KT Corp (KT) outlines its strategic focus on AI innovation and shareholder returns amid declining earnings in Q1 2026.
Denison Mine (DNN) delivered earnings and revenue surprises of +33.33% and -0.49%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Moby summary of Satellogic Inc.'s Q1 2026 earnings call
Samsung Electronics said on Wednesday it regretted the collapse of pay deal talks with its South Korean union, flagging concerns that it could heighten anxiety among employees, shareholders and the public. The company said it would continue efforts to prevent a worst-case scenario through what it described as "sincere dialogue" with the union. The union leader said earlier on Wednesday that it failed to reach a pay deal with the company, warning that more than 50,000 workers could go ahead with a full strike for 18 days from May 21 that threatens to disrupt production of AI and other chips.
Earlier on May 12, I wrote about SanDisk (SNDK) hitting 80 relative strength index, or RSI, one of the most extreme overbought readings in the stock market. The AI memory trade, I noted, was running at a pace that rarely ends quietly. Then Micron (MU) showed up with its own flashing signal too. ...
Beachbody (NASDAQ:BODI) reported first-quarter 2026 results that management said extended the company’s financial turnaround, with revenue above guidance and a third consecutive quarter of profitability on both a net income and operating income basis. Executive Chairman Mark Goldston said total rev
First Majestic Silver Corp (AG) reports a 95% revenue increase and unveils robust exploration and expansion plans amid operational challenges.
Kopin Corp (KOPN) reveals new partnerships and product developments while navigating decreased product revenues and increased operational costs.
Figure Technology Solutions Inc (FIGR) reports a 92% revenue increase and unveils strategic advancements in blockchain and marketplace expansion.
Vishay Precision Group Inc (VPG) reports an 18% revenue increase, but faces margin pressures and a net loss in Q1 2026.
Eco Wave Power Global AB (WAVE) showcases cost management improvements and global project progress, despite increased net loss due to foreign exchange impacts.
Venture Global Inc (VG) reports robust asset growth, increased revenue, and strategic project advancements amid market challenges.
Petrobras reports robust financial performance with record oil production and strategic investments, while navigating international market challenges.
Quick-moving domestic athletic brands are now able to match American quality and cachet in the hypercompetitive and increasingly nationalistic market.
(Bloomberg) -- By any measure, Tom Hu should be in default on a $730,000 bank loan for his plastics business in China. He barely brings in enough revenue to pay expenses and can’t cover the debt costs.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyIran Makes New Offer on Uranium in Response to US, WSJ SaysMamdani Scraps Property Tax Hike, Counts Second-Home RevenueYet rather than calling in
<body><p>STORY: U.S. stocks ended mostly lower on Tuesday, but the Dow posted a modest gain, while the S&P 500 edged down slightly and the Nasdaq lost seven-tenths of a percent.</p><p>The S&P 500 and Nasdaq eased off record highs after the Labor Department's Consumer Price Index was hotter than expected, pushing the annual inflation rate to 3.8%, its highest in three years.</p><p>And that's likely where it will hover for a while, says Dean Smith, chief strategist and portfolio manager for FolioBeyond.</p><p>"So I think the markets are digesting the fact that this is real. This is our new normal now. This is where we're going to live. We're going to be living in an inflationary environment that's in the neighborhood of between 3.5 and 4%. We're going to be living with something like a 4.5% 10-year [Treasury bond yield], something like a 5% 30- year long bond for the foreseeable future. And that's going to cause some recalibration. I think that's what we're seeing in the market today."</p><p>Meanwhile, the Iran war, now in its 11th week, showed no signs of a near-term resolution. </p><p>The notion of a protracted conflict raises the probability that spiking energy prices could create more entrenched inflation. That has all but squelched hopes for an interest rate cut from the Federal Reserve this year under the presumed chairmanship of Kevin Warsh, whom the U.S. Senate confirmed to the central bank board on Tuesday.</p><p>Among the session's stock moves, shares of Humana gained more than 7.5% after Bernstein hiked its price target by 36%.</p><p>:: eBay</p><p>Shares of GameStop dipped about 3.5% after eBay rejected the meme stock trailblazer's $56 billion takeover bid.</p><p>:: Hims & Hers </p><p>And shares of Hims & Hers Health tumbled about 14% after the telehealth company's pivot to branded weight-loss drugs drove up costs and led to a surprise loss in the first quarter.</p></body>
The U.S. might be facing a testy economic backdrop, with the Iran War, worries about oil rationing, and a return of inflation, but the market continues to soldier onward and upward. The market has clung onto one balloon in particular: chipmakers. From its March lows, the VanEck Semiconductor ETF ...