Author: franperez66q@protonmail.com
South Korea’s SK Hynix, Samsung rebound after AI rout spurs deep losses Source link
If you’re using older iPhone or iPad hardware and you’re hoping to keep running Apple’s latest operating systems, this year’s releases bring mostly good news. The iOS 27 update will run on all iPhones that can run iOS 26, all the way back to the iPhone 11 and second-generation iPhone SE. The iPadOS 27 update is slightly less generous, dropping support for the 3rd-generation iPad Air, 8th-generation iPad, and 5th-generation iPad mini (all of these devices used an older A12 Bionic chip; supported devices now use an A13 or better). Apple says owners of older devices should see performance improvements…
GlaxoSmithKline headquarters in London on Jan. 17, 2022.Hannah Mckay | ReutersUK pharmaceutical group GSK is in talks to acquire oncology biotech Nuvalent for more than $9 billion, in what would be the British drugmaker’s largest acquisition in more than a decade, the Financial Times reported Tuesday.The companies have been in discussions with the aim of finalizing a deal as early as this week, the FT reported, citing people familiar with the matter. Representatives for GSK and Nuvalent did not respond to CNBC’s requests for comment.Both sides have yet to reach a final agreement and the talks could still fall apart…
South Korea Q1 GDP revised up to 1.8% on strong chip exports Source link
CNBC’s Jim Cramer said Monday that a series of mounting risks has made him significantly more cautious on stocks.”I am not that bullish,” the “Mad Money” host said. “My bullishness can wait. I think you will get a better time to buy than right now.”The caution comes as several pillars of Cramer’s bullish outlook have come under pressure. A surprisingly strong jobs report has reduced the likelihood of Federal Reserve rate cuts, while the looming SpaceX IPO, weakness in Apple, and the prospect of additional AI-related fundraising have raised new questions about whether the market can sustain its recent rally.”Things…
SHENZHEN, CHINA – MAY 1: The Chinese national flag is seen in front of stacked shipping containers bearing MSC (Mediterranean Shipping Company), Maersk, and Hamburg Süd branding at Yantian Port on May 1, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty ImagesChina’s trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war. Exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% gain in April. Economists polled by Reuters had pegged…
US says BYD, Baidu, Alibaba and other tech giants are aiding China’s military Source link
The Federal Communications Commission has waived a requirement for Amazon to launch half of its satellite broadband constellation by the end of July, a key regulatory reprieve that buys the tech giant time to get more of its spacecraft into orbit. Amazon won regulatory approval for the Amazon Leo network in July 2020. The FCC’s authorization came with two deadlines. First, Amazon had to launch half of its 3,232 satellites by July 30, 2026, in order to maintain authorization to launch the rest of the network. The regulator gave Amazon a deadline of July 30, 2029, to have all of…
Oil could hit $150 per barrel within the next couple of months if the fighting in the Middle East continues, as inventories are now at very low levels, said Claudio Galimberti, chief economist at Rystad Energy. “At this point, unless we solve [the Middle East conflict], unless we start to see an increase in the flow, then we are going to see lower and lower inventories, which means higher and higher prices,” Galimberti said. Brent crude was sitting around $94 a barrel on Tuesday. Galimberti reckons that the global oil crunch may be solved by raising the number of barrels…
Perplexity planning IPO in 2028 regardless of what happens to Anthropic or OpenAI, CEO tells CNBC Source link