Reported 14 days ago
The Artisan Mid Cap Fund's third-quarter 2025 investor letter reveals a notable adjustment in holdings, particularly with Arista Networks (NYSE:ANET), which saw a significant stock rally post-Liberation Day. Despite delivering impressive returns, the fund decided to trim its position in Arista Networks due to valuation concerns, as the company's market capitalization has exceeded the mid-cap mandate. The fund reported strong performance overall, driven primarily by its health care sector investments.
Source: YAHOO
Reported 14 days ago
The third quarter earnings season reveals robust financial results from major companies, with TSMC reporting a 39% profit surge driven by strong AI demand and raising its 2025 revenue outlook. Other financial institutions like Charles Schwab and American Express also exceeded expectations, indicating resilience amid macroeconomic uncertainties, while regional bank stocks faced some pressure after mixed earnings reports.
Source: YAHOO
Reported 14 days ago
In Turkey's lucrative $2.95 billion 5G spectrum tender, major telecoms Turkcell, Vodafone, and Turk Telekom each won significant frequency blocks, primarily in the 700 MHz and 3.5 GHz bands. Turkcell led with a $429 million bid for the A1 package, totaling $1.22 billion in bids. Turk Telekom and Vodafone followed with bids of $425 million and $426 million, respectively. The rollout of 5G services is planned to commence in April next year, starting in major cities.
Source: YAHOO
Reported 14 days ago
Nestlé, the world's largest food company, announced plans to cut approximately 16,000 jobs globally over the next two years, with most layoffs affecting white-collar employees as part of its strategy to improve operational efficiency through automation. The layoffs represent nearly 6% of its total workforce, coinciding with concerns over potential job losses due to rising artificial intelligence. Despite these cuts, Nestlé’s organic sales grew by 4.3% in the third quarter, and the company remains committed to investing in its future, even amid macroeconomic uncertainties.
Source: YAHOO
Reported 14 days ago
In this video from Yahoo Finance, Jared Blikre discusses investment strategies within the AI data center sector, explaining its components such as servers, networks, power systems, and cooling solutions. He highlights key players in each segment, their recent performance, and upcoming earnings reports to watch, while advising investors to make informed choices based on their risk tolerance.
Source: YAHOO
Reported 14 days ago
Salesforce shares jumped in premarket trading following an optimistic long-term sales forecast, anticipating revenue exceeding $60 billion by 2030. The stock is set to open near the 50-day moving average, suggesting potential for a breakout from its current downward trend. Investors should monitor critical price levels at $270 and $290 for resistance, while support levels at $230 and $212 are crucial if the stock resumes its downtrend.
Source: YAHOO
Reported 14 days ago
Infosys, along with Wipro and LTIMindtree, has reported quarterly revenues that exceeded estimates, signaling a recovery in demand as clients increasingly invest in AI projects. Infosys now anticipates its full-year revenue growth to be 2-3%, an improvement from its earlier forecast, driven by strong deal bookings and a shift towards automation and AI in various industries. Analysts believe this trend indicates an overall stabilization in the IT sector, particularly benefitting from increased spending in financial services.
Source: YAHOO
Reported 14 days ago
Wipro, India's fourth-largest IT services firm, reported a 1.8% year-on-year increase in consolidated revenue for the second quarter, reaching 226.97 billion rupees, surpassing analysts' estimates. This growth was fueled by strong performance in the Asia and Americas communications sectors. While net profit grew by 1.2% to 32.46 billion rupees, it fell short of projections. Wipro anticipates a slight decline to moderate growth in revenue for the upcoming quarter, supported by significant contracts secured during the fiscal year.
Source: YAHOO
Reported 14 days ago
Payroll startup Deel announced it has raised $300 million in a funding round, pushing its valuation to $17.3 billion. The funds will be used for acquisitions and to enhance its payroll services globally, aiming for operations in over 100 countries by 2029. This funding comes as Deel faces legal challenges from competitor Rippling, which has accused it of various misconducts. Despite ongoing litigation, Deel reported a strong monthly revenue of over $100 million and continues to expand its international hiring solutions.
Source: YAHOO
Reported 14 days ago
Michael Kantrowitz, chief investment strategist at Piper Sandler, discusses the Federal Reserve's potential decision to cut interest rates in October, even amid a government shutdown that limits access to hard data. He argues that the Fed has alternative data insights and believes they will act based on known trends rather than inaction due to a lack of information.
Source: YAHOO
Reported 14 days ago
Indian quick-commerce startup Zepto has raised $450 million in a funding round led by California Public Employees' Retirement System, bringing its valuation to $7 billion. The investment comes amidst rising competition from established players like Swiggy and BlinkIt and aims to support Zepto’s plans to go public next year. The company has significantly increased its daily order volume, predicting continued growth, even as it faces challenges such as staff shortages in its cafe operations. As the quick commerce market in India shows promising potential, with predictions of significant financial growth in the coming years, Zepto is strategically expanding its presence in major cities.
Source: YAHOO
Reported 14 days ago
European carmakers, including BMW and Volkswagen, are at risk of significant production disruptions due to an ongoing trade and intellectual property dispute involving the chipmaker Nexperia, which is now under the control of the Dutch government amid U.S. pressure. The situation has led to a halt in chip supplies, crucial for automotive manufacturing, prompting concerns from the European auto association about potential production stoppages if the issue is not resolved quickly.
Source: YAHOO
Reported 14 days ago
OpenAI's recent partnerships, particularly with Walmart, highlight a lopsided approach to deal-making, where the emphasis is on agreements with chip suppliers rather than direct consumer engagement. While Walmart's integration of ChatGPT for shopping simplifies the purchase process, it raises questions about the true demand for such innovations and the tangible impact of AI on business. As AI companies aim for transformative goals, they face an apparent disconnect with their current offerings, which do not fully reflect their ambitious visions.
Source: YAHOO
Reported 14 days ago
Kraken has signed a $100 million deal to acquire the Small Exchange from IG Group, allowing it to establish a fully regulated U.S. derivatives platform. This acquisition comes as digital assets gain traction among traditional financial players, and the derivatives market expands to include crypto-linked products. With the necessary licensing, Kraken aims to create institutional-grade markets as the cryptocurrency sector continues to mature.
Source: YAHOO
Reported 14 days ago
JPMorgan CEO Jamie Dimon has expressed concerns about potential hidden economic problems in the U.S. following recent bankruptcies of companies like Tricolor Holdings and First Brands, which he likened to spotting 'cockroaches.' These failures, attributed to risky lending practices and opaque financial structures, suggest deeper systemic issues could be emerging, reminiscent of the 2008 financial crisis. Dimon advises vigilance as the economic landscape shifts, warning that underlying troubles may be more widespread than they appear.
Source: YAHOO
Reported 14 days ago
Nestlé's new CEO, Philipp Navratil, announced plans to cut 16,000 jobs to streamline operations following a significant sales boost, marking its largest stock increase in 17 years. The job reductions, accounting for about 6% of the workforce, come alongside a 4.3% rise in quarterly sales. Navratil aims to enhance Nestlé’s growth strategy while adhering to previous plans of trimming underperforming units and increasing cost savings.
Source: YAHOO
Reported 14 days ago
The G20's Financial Stability Board warned of 'significant gaps' in the regulation of the rapidly expanding crypto markets, which could endanger financial stability. Despite progress, the report emphasized that current international regulations are too fragmented and inconsistent. With the market value of cryptocurrencies reaching $4 trillion, the Board called for better global cooperation and comprehensive frameworks, particularly for stablecoins, as financial risks from these assets grow.
Source: YAHOO
Reported 14 days ago
In Beijing, global CEOs, including Apple's Tim Cook, met with Chinese trade negotiator He Lifeng as US-China trade tensions escalated. This annual gathering, part of Tsinghua University’s advisory board, focused on strengthening economic ties, with He expressing hopes for support in China's development. The meeting comes after China's new restrictions on rare earth exports and amid expectations of a future meeting between President Trump and China's Xi Jinping.
Source: YAHOO
Reported 14 days ago
Macquarie Asset Management's head, Ben Way, expressed confidence in the future of AI and data centres following the sale of Aligned Data Centers for $40 billion. He clarified that the sale does not indicate a peak in the data centre boom, stating that there is still significant demand for digitalisation. Major tech companies are projected to invest heavily in AI infrastructure, despite concerns of a potential bubble in the industry.
Source: YAHOO
Reported 14 days ago
In response to pressure from President Trump to cease purchasing discounted Russian oil, India is planning to increase its imports of crude oil and natural gas from the United States. India, the second largest buyer of Russian oil, aims to diversify its energy supplies and align more closely with U.S. policy on reducing reliance on Russian energy. Trade Secretary Rajesh Agarwal indicated that while India currently buys around $12-$13 billion of energy from the U.S. annually, there is potential to significantly increase that figure if prices remain competitive.
Source: YAHOO
Reported 14 days ago
German drone manufacturer Quantum Systems is nearing a €150 million funding round that may triple its valuation to €3 billion. The company is experiencing increased demand for its drone 'Jaeger', designed to intercept drones, after recent disruptions at major airports. Quantum plans to expand by acquiring startups and technology providers, with projected revenues of €300 million in 2025 and over €500 million by 2026. A larger funding round is scheduled for 2026, potentially raising its valuation to €5 billion.
Source: YAHOO
Reported 14 days ago
US stocks experienced a downturn on Thursday as concerns over loan losses in regional banks and ongoing tensions in the US-China trade war weighed heavily on the market. The Dow Jones and S&P 500 both fell by approximately 0.6%, while the Nasdaq Composite lost 0.5%. Despite some gains in tech stocks like Nvidia following strong earnings from TSMC, fears about credit quality persisted, and investors turned to bonds and gold, which reached record prices.
Source: YAHOO
Reported 14 days ago
Swiss engineering firm ABB reports robust customer demand, particularly from the surge in new US data centres fueled by AI, noting a 27% increase in US orders during Q3. The company states import tariffs have minimal impact on business, as it anticipates local production to rise from 75-80% to 90% with further investments.
Source: YAHOO
Reported 14 days ago
Indian storytelling platform Kuku, supported by Google, has secured $85 million in funding to enhance its audio and video content offerings. The funding, led by Granite Asia, more than doubles its valuation to around $500 million. With over 10 million paid subscribers, Kuku plans to expand its content in various Indian languages and invest in AI for content creation, despite facing competition from rivals like Pocket FM.
Source: YAHOO
Reported 14 days ago
Taiwan Semiconductor Manufacturing Corp. (TSMC), the world's largest chipmaker, reported a nearly 40% increase in net profit for the last quarter, driven by the rising demand for artificial intelligence technologies. The company achieved a record profit of 452.3 billion new Taiwan dollars ($15 billion) and a 30% revenue growth year-on-year. TSMC continues to expand its manufacturing capabilities in the U.S. and Japan to mitigate risks associated with U.S.-China trade tensions and remains a key supplier for major tech companies like Apple and Nvidia.
Source: YAHOO