Nvidia, AMD, And Micron Lead The Chip Sector Upward With AI, And Japan As Focus

On Thursday, shares of Nvidia Corp, Advanced Micro Devices, and Micron Technology offered the largest boosts to the semiconductor sector, which outperformed the overall market as investors sought ways to invest in artificial intelligence and Japan. Synopsys shares rose 8.7% after the chip design software company anticipated higher-than-expected third-quarter profit forecasts, citing growing usage of…

Microsoft Is Accused Of “Unauthorised” Data Usage By Twitter

Twitter Inc claims that Microsoft Corp broke an agreement over the use of the social media company’s data, according to reports based on the information gathered from a letter. Elon Musk’s lawyer accused Microsoft of “unauthorised” use of Twitter data, including exchanging data with government agencies without authorisation in some situations. Musk’s lawyer, Alex Spiro,…

Tyre Manufacturers Are Under Pressure From Regulators About Tyre Pollution

Tyre manufacturers are under pressure to almost literally reinvent the wheel as regulators focus on tyre pollution, which is expected to rise with the rise of electric vehicles (EVs) and threatens to undercut those vehicles’ green credentials. Tiny particles are abraded and released when tyres make contact with the road. Because of the additional weight…

UBS Estimates A $17 Billion Loss From Its Acquisition Of Credit Suisse

UBS Group AG expects a $17 billion financial impact from its buyout of Credit Suisse Group AG, the bank said in an early Wednesday presentation as it prepared to finalise the rescue of its troubled Swiss rival. UBS predicts that fair value adjustments to the combined group’s assets and liabilities will have a negative impact…

7,000% Jump In Value Of Memecoin Pepe Which Is Based On A Frog

“Memecoins,” a hyper-speculative, ultra-volatile, and somewhat strange class of cryptocurrency, are back in the spotlight after the latest digital token skyrocketed in value. According to data tracker CoinGecko, Pepe, a coin inspired by an anthropomorphized frog popular in online memes, jumped about 7,000% in the 17 days following its April 16 introduction, reaching a market…

In A Battle With Netflix And Disney, Indian Billionaire Ambani’s JioCinema Has Unveiled Pricing

JioCinema, the streaming platform owned by Indian billionaire Mukesh Ambani, announced premium pricing of 999 Indian rupees ($12) a year, its first step away from a free content model in order to compete with global rivals such as Netflix and Disney in the country. The decision comes just weeks after Reliance’s Viacom18 secured a content…

Musk Hires Ex-NBCUniversal Advertising Executive Yaccarino As Twitter CEO

Elon Musk has appointed Linda Yaccarino, former NBCUniversal advertising executive, as Twitter’s new CEO, as the firm attempts to reverse a decline in ad income. Yaccarino will take over a troubled social media site saddled with debt after spending several years modernising the advertising business at NBCUniversal, which is controlled by Comcast Corp. “I am…

China’s Oppo to shut down chip design unit as smartphone sales slump

Oppo, a Chinese smartphone manufacturer, announced the closure of its chip design team, citing concerns in the global economy and the smartphone business. The business, which is one of China’s best-selling domestic smartphone brands, announced the closure of its Zeku unit, which it established in 2019. Its products include the MariSilicon X chip, a neural…

HSBC, And ScotiaBank Have Been Fined In The Uss For Their Workers’ Use Of Personal Devices

On Thursday, US regulators levied civil penalties on divisions of Bank of Nova Scotia and HSBC Holdings Plc for significant recordkeeping breaches caused by employees’ utilisation of personal devices and applications for business interactions. The banks acknowledged to failing to comply with recordkeeping requirements for dealers registered with US market authorities. HSBC Securities Inc agreed…