The sudden collapse of the Assad regime has raised questions about Russia’s future in Syria. Russia has long enjoyed a military footprint at two key bases in the country. New satellite images show what Moscow’s warships and aircraft are doing now. Newly captured satellite imagery shows what the Russian military in Syria is doing following…
Oracle’s stock fell nearly 8% after missing earnings estimates and issuing weaker guidance. Oracle’s cloud services, driven by AI demand, grew 12% in the last quarter, making up 77% of revenue. Oracle’s stock surged 80% this year, boosting its market value to over $500 billion. Oracle fell nearly 8% in extended trading after it reported…
Bank of America downgraded AMD on Monday, citing higher competitive risk in the AI market. AWS customers’ low demand for AMD AI chips and Nvidia dominance impact AMD’s growth potential. AMD could still succeed due to Nvidia supply issues and its server chip market position. Bank of America downgraded AMD after a Business Insider report…
US stocks fell on Monday as tech sector risks and upcoming inflation data worried investors. Nvidia shares dropped 3% on China’s probe into its 2020 acquisition of Mellanox. Investors await inflation data to gauge the potential for more Fed interest rate cuts. US stocks retreated from record highs on Monday as investors assessed a potential…
Chinese property stocks climbed 7% on Monday three major cities eased homebuying rules. The surge comes amid an economic-stimulus blitz that started last week. China’s property sector has struggled amid falling home prices, vacant supply, and debt. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download…
China’s aggressive stimulus measures have sparked a significant stock market rally. Many analysts say the measure is not enough to fix the challenges in China’s economy. However, the measures aim to boost sentiment and stem the negative feedback loop between markets and the economy. Thanks for signing up! Access your favorite topics in a personalized…
The chip giant Intel could be at a crossroads as it figures out its next steps amid its declining valuation and struggling business. Chip and wireless communications competitor Qualcomm approached Intel about a takeover deal, the Wall Street Journal reported Friday. And on Monday, Intel CEO Pat Gelsinger sent out an email announcing “the next…