Chinese tech giant Tencent’s quarterly profit jumps 82% as key gaming unit accelerates
Tencent shares are up 27% this year, in part due to excitement around a new game called Dungeon & Fighter Mobile (DnF Mobile).
Apple supplier Foxconn’s second-quarter profit rises 6% on AI boom
Foxconn reported a 6% rise in second-quarter net profit, driven by strong AI server demand as the company touted “strong growth momentum” from the technology boom.
‘Pulling a Joe Biden’: Reactions to Japanese Prime Minister Fumio Kishida’s resignation
One expert said the move was reminiscent of U.S. President Joe Biden dropping out of the presidential race less than a month ago.
UK inflation comes in below expectations at 2.2%, after two months at the Bank of England’s 2% target
U.K. inflation came in below expectations at 2.2% in July, data from the Office for National Statistics showed Wednesday.
CNBC Daily Open: Wall Street surges; Starbucks ousts CEO
Wall Street rose after producer prices came in softer than expected, raising hopes of a rate cut.
France’s ‘Olympic truce’ ends, returning political tensions to the fore
Emmanuel Macron must appoint a new prime minister but faces an “unprecedented” backdrop that may lead to deadlock.
‘Cheap’ and ‘under-owned’: CIO makes the case for UK stocks despite U.S. bounce back
U.K. stocks look particularly attractive after a fresh bout of market volatility, according to the chief investment officer of financial firm Wren Sterling.
UBS smashes second quarter profit expectations as Credit Suisse consolidation boosts revenue
Analysts expected revenue of $11.5 billion, according to an LSEG poll.
Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts
Intel has sold its 1.18 million stake in British chip firm Arm Holdings, a regulatory filing showed on Tuesday, as the company cuts costs.
Video game industry faces sluggish growth in 2024 amid weak console sales, research firm says
Market research firm Newzoo said the games industry is set to grow 2.1% year over year, down from its earlier forecast of 2.8% year-over-year growth.
