Cerebras Systems signs $100mn AI supercomputer deal with UAE’s G42 Cerebras Systems on Thursday said that it has signed an approximately $100 million deal to deliver the first of what... Published 21 Jul, 2023 09:47am
Markets S&P 500 ends lower as Microsoft recedes from record high NEW YORK: The S&P 500 ended lower on Friday, weighed down by Microsoft and other market heavyweights as comments... Published 19 Jun, 2023 06:55am
Technology Nvidia joins trillion dollar club on booming AI demand Nvidia Corp on Tuesday became the first chipmaker to hit a trillion-dollar market value, as the company bets on a... Published 30 May, 2023 08:22pm
Markets Nasdaq jumps over 1pc as Nvidia forecast sparks rally NEW YORK: The tech-heavy Nasdaq rose more than 1 percent on Thursday as Nvidia shares soared on a blowout forecast... Published 26 May, 2023 06:48am
Markets Markets struggle on German recession, US debt woes LONDON: Global stock markets struggled Thursday following news that Europe’s biggest economy Germany has entered... Updated 25 May, 2023 05:38pm
Markets Nasdaq jumps as growth stocks back in play NEW YORK: The Nasdaq and the S&P 500 rose on Thursday as investors shifted into high-growth stocks amid optimism... Published 19 May, 2023 06:17am
Markets Wall St falls as rate worries outweigh Nvidia cheer NEW YORK: US stock indexes slipped on Thursday as investors worried that a resilient economy would give the Federal... Published 24 Feb, 2023 06:00am
Markets Wall Street soars as cooling inflation spurs bets of smaller rate hikes NEW YORK: Wall Street’s main indexes rallied on Thursday, with the tech-heavy Nasdaq leading gains, after data... Published 11 Nov, 2022 05:54am
Markets Wall St steady after selloff on jobs data, Nvidia weighs NEW YORK: US stock indexes treaded water on Monday after last week’s blockbuster jobs data soothed some fears ... Published 09 Aug, 2022 03:37am
Technology Nvidia warns of lower second-quarter revenue on gaming weakness Nvidia Corp on Monday warned its second-quarter revenue would drop by 19% from the prior quarter on weakness in its... Published 08 Aug, 2022 11:43pm
Business & Finance Global firms warn of sluggish China demand due to lengthy Covid curbs HONG KONG: Two months into harsh COVID-19 lockdowns that have choked global supply chains, China’s economy is... Published 27 May, 2022 05:50am
Markets Wall Street climbs on gains in banks, strong retail sales data NEW YORK: US stocks rose on Tuesday, as Citigroup led a surge in bank shares after Berkshire Hathaway revealed a big... Published 18 May, 2022 05:54am
Markets Wall Street falls as growth stocks, glum China data weigh NEW YORK: Wall Street’s main indexes fell on Monday as downbeat China data added to worries about a global ... Published 17 May, 2022 05:39am
Markets Wall Street rallies as growth stocks rebound; Twitter slides NEW YORK: Growth stocks led a rebound in Wall Street’s main indexes on Friday in a week marred by worries about ... Published 14 May, 2022 04:05am
Markets Wall St rises as recovery in growth stocks offsets mixed earnings NEW YORK: US shares rose on Wednesday as a rebound in growth stocks on falling yields and strong results from Delta... Published 14 Apr, 2022 04:55am
Markets Wall Street hits record but Facebook weighs NEW YORK: US stock indexes closed modestly higher on Tuesday, with the Dow Industrials and S&P 500 hitting fresh... Published 27 Oct, 2021 01:13am
Markets Monday’s early trade: Nasdaq jumps to all-time high • Boeing falls on possible delay in 777X certification NEW YORK: The Nasdaq jumped to an all-time high on Monday,... Published 29 Jun, 2021 03:24am
Markets Tesla lifts Nasdaq to record-high, S&P dips • Retail darlings Alfi, Torchlight extend declines NEW YORK: The Nasdaq climbed to a record-high close on... Published 25 Jun, 2021 04:20am
Markets Wall Street inches higher as weekly jobless claims dip The number of Americans filing new claims for jobless benefits stayed below 500,000 for a third straight week, the lowest level since March 2020. Published 27 May, 2021 11:10pm
Technology Alibaba facial recognition tech specifically picks out Uighur minority "We have eliminated any ethnic tag in our product offering," an Alibaba spokeswoman told Reuters. Published 18 Dec, 2020 10:22am
World US Defence Department looks to bolster domestic chip manufacture with new program The foundries would handle commercial work from US companies and could also provide components to the Defence Department, it said. Published 18 Dec, 2020 10:15am
Business & Finance SoftBank reaps $11.2 billion gain from DoorDash investment SoftBank has had other investment wins of late, including a rally in the shares of ride-hailing app Uber Technologies Inc , where it is a top shareholder, and the sale of semiconductor manufacturer Arm Ltd to Nvidia Corp for $40 billion. Published 10 Dec, 2020 11:22am