As November wraps up, a holiday-shortened week of trading, courtesy of Thanksgiving Day and Black Friday, will greet investors who continue to wrestle with the fallout from Nvidia’s (NVDA) blockbuster earnings report alongside flagging confidence in the overall AI-driven market. On Friday, markets capped a roller-coaster week with daily gains but weekly losses, as the…
US software company SAS Institute has withdrawn from the Chinese market. With this move, the company has ended more than two decades of operations amid domestic competition and geopolitical tensions. According to a South China Morning Post (SCMP) report, the analytics specialist also eliminated approximately 400 jobs on the mainland, an affected employee said. The…
Dell Technologies CEO Michael Dell publicly endorsed Elon Musk‘s controversial $1 trillion performance-based compensation package ahead of Tesla’s November 6 shareholder vote, emphasising the plan’s risk-reward structure that ties Musk’s compensation directly to extraordinary company milestones.“Vote FOR @elonmusk. The award is only achieved IF he hits exceptionally ambitious market-cap and operational milestones—if he falls short,…
US software company SAS Institute has withdrawn from mainland China and dismissed its local staff, according to a Beijing-based employee affected by the move, as the analytics specialist ended more than two decades of operations amid intense domestic competition and geopolitical tensions. The company on Thursday announced the lay-offs via an email and hosted a…
US President Donald Trump said prominent billionaires – including media mogul Rupert Murdoch and tech founder Michael Dell – could be part of a deal in which the United States will take control of US operations of TikTok. Trump name-dropped the 94-year-old Murdoch and his son Lachlan Murdoch, the head of Fox News and News…