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Saudi Arabia Aims To Sell Aramco Shares As Early As June, Say Insiders

Saudi Arabia is preparing to sell billions of dollars' worth of shares in the energy giant Aramco as early as June in what would be one of the largest stock sales in the area, according to a Reuters report based on information from two persons familiar with the situation.   One of the...

Changes In Google’s Search Engine Could Leave Out Airlines, Hotels, And Retailers

Lobbying organisations that speak for airlines, lodging facilities, and stores have asked European Union tech authorities to make sure that Google considers their opinions as well as those of big middlemen when making modifications to conform with historic tech regulations.   Concerns over...

Heat And Power Consumption Issues Resulting Failure For Samsung's HBM Chips In Testing By Nvidia

Due to concerns with heat and power consumption, Nvidia has not yet approved Samsung Electronics' most recent high bandwidth memory (HBM) chips for use in the American company's AI processors, according to three persons briefed on the matter.   According to them, the issues impact both the...

HubSpot Acquisition By Google Would Strengthen Effort To Take On Microsoft

The $31 billion market valuation of HubSpot, a U.S. provider of marketing software, might enable Google parent Alphabet to more effectively compete with Microsoft in the business cloud application market.   According to Reuters last month, Google was considering making a deal for HubSpot....

IBM Closes An Agreement With Saudi Arabia; Releases New Open-Source AI Models

International Business Machines (IBM) said on Tuesday that it will assist Saudi Arabia in training an artificial intelligence system in Arabic and that it will make a family of AI models available as open-source software.   When it comes to monetizing AI, the Armonk, New York-based business...

Options Indicate Nvidia's Results Might Cause A $200 Billion Swing In The Stock

After the chipmaker Nvidia releases its earnings on Wednesday, traders are pricing in a significant rise for Nvidia's shares, although U.S. options markets indicate that expectations for volatility are lower than in the past.   Options research company Trade Alert indicates that...

Target Is Attempting To Attract More Customers By Slashing Prices On 5,000 Goods

Retailing giant Target said on Monday that it will be cutting prices on at least 5,000 commonly purchased items, ranging from milk to diapers, as it aims to draw in shoppers on a tight budget.   Retailers have been forced to decrease prices in order to attract more customers to their...

JPMorgan Notes Economic Concerns But Anticipates Growing Interest Income.

At the bank's investor day on Monday, officials from JPMorgan Chase stated that even with the uncertainties surrounding the economy, the company will benefit more from higher U.S. interest rates.   Excluding its markets section, the largest U.S. lender increased its projection for net...

As Dealmaking Increases, Goldman Sachs Seeks To Broaden Its Private Equity Credit Lines

In an attempt to fill the hole left by unrest at regional banks and the sale of Credit Suisse, American investment bank Goldman Sachs is pushing its way into the lending market for asset managers and private equity. The company is also looking to expand internationally.   In this $800...

GameStop Falls Amid Preparations For A Capital Increase Following This Week's Meme Stock Craze

Retail favourite GameStop fell 26% on Friday following its announcement that it will sell up to 45 million shares in order to capitalise on this week's meme-stocks craze.   This week saw the greatest trading activity for the company's shares in three years, according to a slew of postings...

Musk Is Pushing For Tesla's AI Goals To Be Powered By China Data

As part of a strategic move by Elon Musk, Tesla is moving forward with plans to power the worldwide development of its self-driving system using data from China that might be processed within the nation, according to people with knowledge of the effort.   As part of that endeavour, two...

Low Pricing Strategy Employed By Chinese Retailer JD.Com Helps Sales Surpass Projections

Price reductions and discount coupons helped Chinese online retailer JD.com raise sales after being negatively impacted by wary customers, as the company announced first-quarter revenue that above market projections.   In order to maintain their e-commerce market share in the second-largest...
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