Tariffs on 60 Economies Send Global Markets Lower
The new round of tariffs took effect on July 24, and the world’s markets moved in unison: down. Brent crude climbed past $100 a barrel. The Dow Jones Industrial Average…
Meta Quits RE100, Turns to Gas for AI Power
Meta has left RE100, the global coalition of companies pledged to buy only renewable electricity, and plans to build a 7.5-gigawatt natural gas power facility in Louisiana to feed its…
Tesla’s AI Spending Spree Cuts Deep Into Profits
Tesla’s second-quarter report had a headline number investors did not want to see: free cash flow of negative $1.1 billion. Revenue reached a record, but profit fell well short of…
EU Fines Google $1 Billion in First DMA Enforcement
The European Commission fined Google about 890 million euros, roughly $1 billion, for favoring its own services in Google Play and in search results, the first financial penalty issued under…
Nvidia Bets $1.5 Billion on U.S. Chip Packaging
Nvidia said it has signed a $1.5 billion advanced-packaging agreement with Amkor Technology, a move to expand its ability to package AI chips in the United States and reduce its…
Intel Posts Fastest Revenue Growth in 15 Years
Intel’s finance team had a number it had waited a decade and a half to report. Second-quarter revenue came in at $16.1 billion, up 39 percent from a year earlier,…
Google Cloud Customers Spend 50% More Than They Promised
Thomas Kurian stood before analysts and investors on July 24 and offered a number that explains, in a single figure, why Google’s cloud business is growing faster than its rivals’.…
Korea’s Costliest Divorce Nears a Ruling on SK’s Future
Judges at the Seoul High Court were expected on Friday to deliver a ruling in the divorce case of Chey Tae-won, chairman of SK Group, and his estranged wife Roh…
Intel Explores SK Hynix Partnership for Delayed Ohio Chip Plant
Intel is looking for a partner to help revive its delayed chip factory in Ohio, and SK Hynix, the world’s second-largest memory chip maker, is on the list of candidates,…
AT&T Posts Steady Gains as Telecom Spending Supports AI Buildout
AT&T reported second-quarter revenue of $31.6 billion on Wednesday, up 2.3 percent from a year earlier, with adjusted earnings before interest, taxes, depreciation and amortization of $12.3 billion, up 5.2…
