Singapore’s UOB maintains 2024 guidance even as second-quarter profit misses forecasts
Singapore’s UOB maintained earnings guidance for 2024 after posting on Thursday a 1% year-on-year rise in Q2 net profit that slightly missed expectations.
Meta’s advertising growth is proof that hefty AI spending is already paying off
For investors skeptical of Meta’s massive investment in artificial intelligence infrastructure, CEO Mark Zuckerberg is urging them to look at the results.
Asia markets mixed after Powell signals rate cut; Japan stocks tumble as yen strengthens
At his press conference, Fed Chair Jerome Powell said a rate cut in September is “on the table,” provided the inflation data continues to be encouraging.
Here’s what usually happens to UK stocks when the Bank of England cuts interest rates
CNBC Pro analyzed FTSE 100 and FTSE 250 stock market data since 1986 and found that stocks reacted conclusively.
CrowdStrike is sued by shareholders over huge software outage
CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers.
Morgan Stanley says Nvidia’s GPU cooling needs are a $4.8 billion opportunity, names stocks to benefit
Liquid cooling systems are the solution to “power shortage pressures” in data centers, the bank said in a July 30 report.
Boeing 737 Max crash families say planemaker should face much higher fine
Families for some of the 346 people killed in two fatal Boeing 737 Max crashes said on Wednesday a U.S. judge should reject the planemaker’s proposed plea deal with the Justice Department and the government should seek a much higher fine.
Dow closes nearly 500 points lower Thursday as investors’ recession fears awaken: Live updates
Stocks dropped Thursday as investors weighed the latest corporate earnings reports and economic data.
Arm issues light earnings guidance as the company stops disclosing number of chips reported as shipped
After facing declines in chip shipment counts, now Arm is focusing on higher-value markets, including accelerators for artificial intelligence.
Lithium giant Albemarle halts Australia plant expansion, reviews costs on weak lithium prices
The decision comes as the company reported a second-quarter net loss of $188 million, or $1.96 per share. Excluding items, it earned 4 cents a share.
