The Next Challengers Joining Nvidia in the AI Chip Revolution
The company has emerged as the hardware victor during the early days of the artificial-intelligence revolution. Who else in the chip world can cash in, too?
Amazon’s Prime Day to Test Consumer Demand
The indicator of shopping patterns arrives this year after a period of slow sales for the company and concerns about the economy.
Daimler Truck Lifts Guidance on Core Market Strength
Daimler Truck increased its forecasts for industrial business revenue to EUR54 billion-EUR56 billion and its adjusted return on sales to 8.5%-10%, and said it would start a buyback of up to EUR2 billion in August.
Chinese Developers Advance After Beijing Extends Support
Stocks of Chinese developers advanced following authorities’ announcement of new loan-relief measures for the embattled real-estate sector.
ANZ Expands Global Sustainable-Finance Team
EXCLUSIVE: ANZ has expanded its global sustainable-finance capability via new appointments to deepen relationships with institutional customers and acquire new business as the need for green finance grows.
The Rapid Rise of Threads Appears to Be Hurting Twitter
Third-party estimates showed Twitter’s traffic falling, while Meta’s new app hit 100 million sign-ups.
Novavax Stock Surges 30%. It’s Getting $350 Million for Canceled Covid Shots.
In February, the company said there was ‘substantial doubt’ about its ability to continue operating through this year.
Retailers Set Higher Bars for Free Shipping as Delivery Costs Surge
Macy’s, Neiman Marcus and Abercrombie are among merchants raising thresholds for what shoppers must spend to get free delivery.
New York Times to Close Sports Desk
The news organization will rely on the Athletic for its daily sports coverage, as it seeks to further integrate the publication it bought last year.
EU Approves Data-Transfer Deal With U.S.
The issue has proved a concern for some of the world’s biggest tech companies, including Meta Platforms and Google.
Source: Dow Jones Newswires