(Bloomberg) — Palantir Technologies Inc.’s stock fell 7.5% on Friday following a report that a battlefield communications system it worked on with defense tech firm Anduril Industries Inc. was seriously flawed — a claim both companies said was out of date and inaccurate. The report on Friday, published by Reuters, centered on a September Army…
Premium Updated Oct 3, 2025, 08:53 PM IST The news, reportedly circulating on social media, suggested that SMEE’s EUV machine was on display at a major trade show in Shanghai. Shares of Shanghai Zhangjiang Hi-Tech Park Development, a stakeholder in SMEE, surged by the daily 10 per cent limit for two consecutive days. How rumors…
Technicians at an Applied Materials Inc. facility in Santa Clara, California. (Bloomberg) — Applied Materials Inc., the largest US maker of machinery used to manufacture semiconductors, said an expansion of rules that restrict the export of its products to China will take another chunk out of its revenue. Most Read from Bloomberg The US Commerce…
(Bloomberg) — Amazon.com Inc.’s cloud-computing business has helped propel its shares for almost two decades, but increasing pressure from rivals like Microsoft Corp. and Oracle Corp. is sapping some of the stock’s appeal. Most Read from Bloomberg The proliferation of artificial intelligence has led to an explosion of demand for cloud hyperscalers, where Amazon Web…
(Bloomberg) — Fermi Inc. shares rose 55% in their debut after the energy real estate investment trust raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence. Most Read from Bloomberg Shares of the company closed at $32.53 versus an IPO price of $21….
(Bloomberg) — Robinhood Markets Inc. shares rose over 12% after Chief Executive Officer Vladimir Tenev said the online-stock brokerage has made strong inroads into prediction markets, where people wager on elections, sporting matches and other widely followed events. The executive said in a post on X on Monday that Robinhood customers have now transacted more…
(Bloomberg) — The US Securities and Exchange Commission suspended trading in QMMM Holdings Ltd. after its shares surged almost 1,000% in less than three weeks, saying the digital media advertising firm’s stock may have been manipulated by touts on social media. QMMM’s stock has surged 959% since before the company said earlier this month that…
The United States formally determined in January 2021 that China’s actions in Xinjiang constitute genocide, according to the US State Department. Photo : AP Chinese President Xi Jinping visited Urumqi in late September to mark the 70th anniversary of the Xinjiang Uyghur Autonomous Region, according to Reuters. The trip was heavily publicised by state broadcaster…
HSBC Holdings has taken the unusual step of getting directly involved in pushing its Hong Kong subsidiary, Hang Seng Bank, to offload portfolios of bad real estate debt, underscoring growing concerns over the city’s struggling property sector. About two months ago, the lender directed its London-based global chief corporate credit officer and the head of…
Lili Pike Bloomberg News has hired Lili Pike as a reporter covering China climate issues. She has been working for Foreign Policy covering U.S.-China relations, China’s foreign affairs, and the country’s response to climate change. Pike also covered China for Grid and The Messenger. She holds a bachelor’s degree from New York University and a master’s degree…