Samsung estimates profits plunged 96% in the second quarter
Companies are grappling with excess chip inventories as consumers buy fewer electronics due to inflation. As a result, prices for memory chips have fallen.
Zoom is ‘extremely optimistic’ about growth in Asia-Pacific despite weaker outlook
Zoom is “doubling down” on its technical investments in the Asia-Pacific region as it seeks to strengthen growth, said the video communications company.
Potential Taiwan conflict will hit these 3 countries the hardest, EIU report says
To be clear, the EIU assesses the risk of a direct Chinese military assault on Taiwan as “very unlikely.”
Japan’s base salaries jump most since 1995, puts Bank of Japan’s policy into view
Bank of Japan Governor Kazuo Ueda regards pay growth as a key gauge to consider in deliberations about a shift in policy.
A ‘nice’ workplace culture may be more toxic than you think, says this NYU professor
“There’s this false dichotomy of: If you’re critical, that means you are toxic … But nice isn’t always better. Sometimes nice is a cop out,” said Tessa West.
Morgan Stanley reveals 6 of its top China stocks, including a chipmaker it expects to soar 80%
Morgan Stanley has named a slew of Chinese stocks, including Alibaba and Baidu, it says are set to outperform, despite “uncertain market conditions.”
JPMorgan names ‘cheap’ global sectors set to outperform — here are some of its stock picks
JPMorgan picked stocks in the telecoms, utilities and energy sectors and said the U.K. is trading “extremely cheap.”
Goldman Sachs issues its verdict on generative A.I. and names top stocks to play it
Goldman’s analysts addressed investor concerns over rallies like Nvidia’s 190% rise in stock price this year.
Asia markets extend declines as U.S. jobs data triggers sell-off on Wall Street
Wall Street sold off on stronger-than-expected U.S. jobs data, leaving room for more rate hikes ahead by the Federal Reserve.
Levi’s CEO calls Asia a ‘bright spot’ this quarter and is optimistic about business in China
Levi’s CEO Chip Bergh told CNBC’s Jim Cramer on Thursday that the company’s business is back in China as consumers return post Covid lockdowns.
