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As Local Firms Take The Lead In The Chinese Smartphone Industry, Apple Is No Longer One Of The Top 5 Sellers

According to a Canalys research, Apple was pushed out of the top five smartphone suppliers' list in China in the second quarter as competition from local manufacturers like Huawei grew.   According to a survey issued on Thursday, Apple's market share in China decreased to 14% in the second...

Alphabet Shares Decline As OpenAI Launches SearchGPT, A Search Engine

A search engine prototype named SearchGPT was unveiled by OpenAI on Thursday. Its goal is to provide users with "quick and timely answers with clear and relevant sources."   The technology is now being evaluated with a small group of users, and the business stated that it eventually intends...

EU Supports Novo Nordisk's Wegovy To Lower Cardiac Risks

The European Union's medical regulator has approved the use of Novo Nordisk's popular weight reduction medication Wegovy to prevent the escalation of major cardiac events in persons who are overweight or obese.   After analysing the results of the highly monitored SELECT study, the Danish...

Strong Demand For More Expensive Touring Bikes Drives Harley-Davidson's Earnings Higher

Harley-Davidson's shares rose almost 5% before the bell on Thursday as the firm announced a better-than-expected quarterly profit. This was aided by high demand for its more expensive Touring motorcycles during the summer riding season.   To increase its profits, the business has...

Meta Will Pay Its First EU Antitrust Charge For Connecting Marketplace With Facebook - Reuters

Meta Platforms might face its first EU antitrust sanction in a few weeks for connecting Marketplace, a classified ads site, with Facebook, said a report by Reuters based on persons with firsthand knowledge of the situation.   The European Commission's action will come more than a year and a...

Alphabet, The Parent Company Of Google, Surpasses Q2 Revenue And Profit Projections Thanks To Strong Advertising And Cloud Business

Driven by an increase in sales of digital advertising and strong demand for its cloud computing services, Alphabet exceeded second-quarter revenue and profit projections on Tuesday. However, the company warned that capital costs would stay high for the entire year.   Alphabet's findings show...

LG Energy Solution In In Negotiations With Chinese Companies To Provide Affordable EV Batteries For Europe

As a result of the EU imposing further tariffs on China-built electric vehicles, competition is expected to heat up. According to a senior executive, South Korea's LG Energy Solution is in negotiations with around three Chinese suppliers to develop affordable electric car batteries for Europe....

A New Flagship AI Processor From Nvidia Is Being Prepared For The Chinese Market

Nvidia is developing a version of its new flagship AI processors for the Chinese market that would comply with existing export laws from the United States, according to a report published by Reuters quoting information from sources.   The "Blackwell" chip family, which will go into...

Kyodo Reports Nippon Steel Has Hired Mike Pompeo As An Advisor On A US Steel Transaction

According to a report published on Saturday by the Kyodo news agency, Nippon Steel Corp. has appointed former US Secretary of State Mike Pompeo as an advisor about its acquisition of US Steel.   According to a statement released by Nippon Steel, "We look forward to working closely with him...

Experts Say CrowdStrike Upgrade That Triggered The Worldwide Outage Most Likely Missed Tests

Security experts claim that CrowdStrike's usual upgrade of its popular cybersecurity software appears not to have undergone sufficient quality checks before to deployment, as seen by the global computer system crashes caused by the malware on Friday.   By upgrading the threats it fights...

TSMC Rejects A US Joint Venture While Riding The Need For AI To Boost Revenue Forecasts

The world's largest contract chipmaker, Taiwan's TSMC, rejected the concept of a joint venture facility in the United States and increased its full-year revenue prediction on Thursday in light of the soaring demand for chips used in artificial intelligence.   An important supplier to Apple...

Goldman Sachs Surpasses Forecasts Due To Strong Loan Underwriting And Fixed-Income Trading

Amidst robust debt underwriting and fixed-income trading, Goldman Sachs' profit more than doubled in the second quarter and above analysts' projections. However, the company's first-quarter earnings, which were at their highest since 2021, declined.   Corporate leaders now feel more...
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