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...

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...

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....

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...

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...

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...

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...

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...

The world's largest asset manager, BlackRock, announced on Monday that its assets under management reached a record $10.65 trillion in the second quarter as a result of investors flooding the company's exchange-traded funds with cash and growing client asset values.   A combination of...

Due to uncertainty in the global EV industry, VinFast, a Vietnamese manufacturer of electric vehicles (EVs), has decided to postpone the opening of its $4 billion facility in North Carolina until 2028 and has reduced its delivery projection for this year by 20,000 units.   VinFast, which was...

JPMorgan Chase exceeded forecasts for its second-quarter earnings on Friday, thanks to robust capital market activity and a rebound in dealmaking for its investment banking division.   As more businesses gain confidence in the potential of the US economy to avoid a significant collapse, they...