Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, reported a 17% jump in third-quarter profit on Wednesday, beating market expectations on the back of robust demand for artificial intelligence (AI) servers.Net profit for the July–September period reached T$57.67 billion ($1.89 billion), above the T$50.4 billion average forecast compiled by LSEG.…
European stocks opened broadly higher on Wednesday, extending the positive momentum from earlier in the week as investor optimism grew that the record-long US government shutdown is finally nearing an end.The pan-European Stoxx 600 index rose 0.4% shortly after the opening bell, with most major bourses in positive territory. Germany’s…
While most energy prices have fallen since the start of the year, gasoil is proving to be a surprising exception. Despite Brent crude oil being 14% cheaper, the next-due gasoil contract on the Intercontinental Exchange is currently trading at just under $750 per ton, marking a 7.5% increase since January.Accordingly, the…
Famed investor Jim Cramer is sounding the alarm – not of danger, but of opportunity.In a recent segment, the veteran market commentator urged investors to reconsider beaten-down packaged goods stocks, arguing that the sector may be nearing a cyclical bottom.Among his top picks: Procter & Gamble (NYSE: PG) and Kimberly-Clark…
General Motors (GM) has instructed several thousand of its suppliers to remove Chinese parts and materials from their supply chains, four people familiar with the matter said, Reuters reported. The move reflects the automaker’s growing concern over geopolitical disruptions and a push to build a more secure and self-sufficient manufacturing…
Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, reported a 17% jump in third-quarter profit on Wednesday, beating market expectations on the back of robust demand for artificial intelligence (AI) servers.Net profit for the July–September period reached T$57.67 billion ($1.89 billion), above the T$50.4 billion average forecast compiled by LSEG.…
Donald Trump’s second term is turning out to be a testing ground for digital money, and his family into its biggest private beneficiaries. It began as campaign talk about “making America the crypto capital of the world”, and is turning to a global financial project that fuses politics, foreign capital…
The Bayer share price jumped by over 3% after the company published encouraging financial results. BAYN jumped to a high of €27.43 a, up from this month’s low of €25.74. So, will these gains hold?Bayer stock jumps after earningsThe Bayer stock price rose after the company reported better-than-expected financial results.…
European stocks opened broadly higher on Wednesday, extending the positive momentum from earlier in the week as investor optimism grew that the record-long US government shutdown is finally nearing an end.The pan-European Stoxx 600 index rose 0.4% shortly after the opening bell, with most major bourses in positive territory. Germany’s…
Google is facing a major class-action lawsuit that accuses it of covertly enabling its Gemini AI assistant to monitor private user data across Gmail, Chat and Meet without prior consent or notification. Filed in a federal court in San Jose, the suit alleges that in October, the tech giant quietly…