Nintendo cuts sales forecast for its ageing Switch console after disappointing holiday season
Nintendo said it now expects to sell 18 million Switch units for the fiscal year ending March 2023, down from a previous forecast of 19 million.
75% of LGBTQ+ startup founders hide their identity from investors, UK survey finds
A survey from U.K. LGBTQ+ investor network Proud Ventures found that 75% of LGBTQ+ startup founders and 79% of investors conceal their identity.
U.S. is ‘absolutely’ behind on supply chain independence from China, Biden advisor says
For the U.S., whose relations with China can currently be described as tense at best, this poses several potential security risks.
SoftBank’s Vision Fund posts fourth straight quarter of losses as tech slump hits Japanese giant
SoftBank’s flagship investment arm, the Vision Fund, has been hit by a slump in technology valuations over the past year.
BP posts record 2022 earnings to join Big Oil profit bonanza
Oil major BP’s record annual profits follow bumper earnings from energy giants Shell, Exxon Mobil and Chevron.
French bank BNP Paribas reports bumper profit for 2022, boosts stock purchase plan
BNP Paribas reported Tuesday a 7% rise in net income for 2022 and revised up its profit targets.
U.S. Treasury bond yields rise — and stock markets fall — on January jobs report
January’s U.S. jobs report was so positive that Treasury yields rose and markets fell. Their trajectory for the rest of the week depends on Fed Chair Powell.
India will buy oil from ‘wherever we have to’ if terms are beneficial, energy minister says
India will secure oil from anywhere as long as the terms are beneficial, India’s energy minister Hardeep Singh Puri told CNBC.
Baidu leaps to 11-month high as it reveals plan to launch ChatGPT-style ‘Ernie Bot’
Shares of Baidu jumped more than 13% in Hong Kong as the company said it will launch its own artificial intelligence chatbot.
Market veteran is still bullish on tech despite earnings upset, and reveals his other top picks
Tech stocks have rebounded strongly this year, but what lies ahead after a series of disappointing Big Tech earnings?
