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Samsung Raises Advanced Chipmaking Prices as AI Demand Tightens Capacity
Samsung Electronics (USOTC:SSNHZ) has increased prices for some of its advanced contract chip manufacturing services by as much as 15% on new orders, according to two people familiar with the matter, as booming demand for artificial intelligence chips puts pressure on available foundry capacity. Demand from Chinese customers has been particularly strong. However, Samsung has…
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Kingsoft Cloud Shares Jump After Second-Quarter Results Beat Forecasts
Kingsoft Cloud Holdings Limited (NASDAQ:KC) shares surged 8.97% in pre-market trading on Wednesday after the cloud services provider reported stronger-than-expected second-quarter results, supported by rapid expansion in its artificial intelligence business. Revenue reached RMB3.07 billion, ahead of the consensus forecast of RMB3.03 billion and up 30.8% year-on-year from RMB2.35 billion in the second quarter of…
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Full Truck Alliance Tops Forecasts as Transaction Revenue Accelerates
Full Truck Alliance Co. Ltd. (NYSE:YMM) reported second-quarter results on Wednesday that came in ahead of analysts’ expectations, supported by higher transaction service revenue and continued growth in activity across its digital freight platform. The shares showed a muted reaction to the stronger-than-expected figures, edging just 0.57% higher in pre-market trading following the announcement. Adjusted…
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Weibo Shares Rise After Second-Quarter Earnings Beat Forecasts
Weibo Corporation (NASDAQ:WB) shares advanced 3.29% in pre-market trading on Wednesday after the Chinese social media company reported second-quarter earnings and revenue above analysts’ expectations. Adjusted earnings per share came in at $0.38, ahead of the consensus forecast of $0.36. Revenue increased 2% year-on-year to $453.8 million, exceeding the $442.44 million expected by analysts. Value-Added…
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Gold Edges Higher as Dollar and Treasury Yields Ease Before Fed Minutes
Gold prices moved modestly higher on Wednesday as weakness in the U.S. dollar and a pullback in Treasury yields provided some support ahead of the release of minutes from the Federal Reserve’s latest policy meeting. At 05:42 ET (09:42 GMT), spot gold gained 0.6% to $4,360.82 an ounce, while gold futures slipped 0.1% to $4,414.30…
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Oil Prices Extend Gains as Hormuz Tensions Persist
Oil prices advanced for a fourth consecutive session on Wednesday as the continuing dispute between the United States and Iran over the Strait of Hormuz reinforced concerns that global crude supplies could remain constrained in the months ahead. Benchmark Brent crude futures gained 0.3% to $91.32 a barrel by 04:43 ET (08:43 GMT), while U.S.…
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U.S. Futures Little Changed After Semiconductor-Led Selloff: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures traded close to flat on Wednesday as investors assessed the previous session’s semiconductor-driven decline and rising government bond yields while awaiting fresh signals from the Federal Reserve. At 03:11 ET (07:11 GMT), Dow futures were up 42 points, or 0.1%, while S&P 500 futures were broadly unchanged. Nasdaq 100 futures slipped 40…
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Chip Selloff and Rising Bond Yields Drag Nasdaq Down 1.3% as Wall Street Retreats
U.S. stocks closed lower on Tuesday, with technology shares leading a broad pullback as a sharp selloff in semiconductor stocks and a renewed climb in bond yields rattled investor confidence. Growing anxiety about inflation and mounting government debt kept Treasury yields elevated throughout the session, pressuring the high-growth names that have powered much of this…
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CBL International sails into an H1 profit
Marine fuel services provider CBL International (NASDAQ:BANL) released its unaudited H1 2026 financial report, marking a strategic turn back into the black driven by Middle East supply route shifts and tighter expense management. Financial highlights Market dynamics As geopolitical turmoil in the Middle East diverted maritime traffic towards Far East and intra-Asian shipping lanes, CBL…
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Artificial Intelligence Technology Solutions Secures Third ROSA Order as Property Management Client Expands Deployment
Artificial Intelligence Technology Solutions, Inc. (USOTC:AITX) said its Robotic Assistance Devices subsidiary has secured a third ROSA order from an existing regional property management customer, providing another example of a client expanding its use of the company’s AI-powered security technology after initial deployments. The latest five-unit order lifts the customer’s total ROSA orders to nine,…