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Politics
Arm Q1 earnings report 2025
Rene Haas, chief executive officer of Arm Holdings plc, during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024.Annabelle Chih | Bloomberg | Getty ImagesArm shares fell more than 13% in extended trading on Wednesday…
Meta’s Reality Labs posts $4.5 billion loss in second quarter
A visitor wears a virtual reality headset Meta Quest as he takes part in an immersive experience stand during the Viva Technology show at Parc des Expositions Porte de Versailles on May 24, 2024 in Paris, France. Chesnot | Getty…
Euro zone inflation, Fed meeting, earnings
LONDON — European markets closed higher on Wednesday, maintaining positive momentum after euro zone inflation rose unexpectedly.The Stoxx 600 index preliminarily closed 0.79% higher, with technology stocks jumping 2.62%. Dutch chip firm …
Private payroll growth slowed to 122,000 in July, less than expected, ADP
Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday.Companies added just 122,000 jobs on the month, the slowest pace since January and below the…
Fed rate decision July 2024:
WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to target, which could open the door for future interest rate cuts.Central bankers made no obvious…
Japan confirms $36.8 billion yen intervention as BOJ hikes rates
New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan's Institute for Monetary and Economic Studies. The new banknotes will start to circulate from July 3, 2024.Sopa Images | Lightrocket | Getty…
AMD, Nvidia jump as chip stocks rally from earnings, geopolitics boost
Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China.AMD was among the morning's big winners with…
CrowdStrike-Microsoft outage cost the airline $500 million
Delta Air Lines CEO Ed Bastian said Wednesday that the massive IT outage earlier this month that stranded thousands of customers will cost it $500 million.Bastian said the figure includes not just lost revenue but "the tens of millions…
Death of Hamas leader Haniyeh in Iran: Middle East on knife-edge
Hamas Political Bureau Chairman Ismail Haniyeh attending an exclusive interview with Anadolu in Istanbul, Turkiye on April 20, 2024.Anadolu | Anadolu | Getty ImagesThe Middle East is on edge after a dramatic escalation that saw top Hamas…
U.S. crude oil jumps more than 3% after Hamas political leader assassinated
U.S. crude oil futures jumped more than 3% on Wednesday after Hamas political leader Ismail Haniyeh was assassinated in Tehran, renewing fears that Middle East is teetering on the brink of a regional war. Here are Wednesday's energy…