Reported 8 days ago
TSMC, the world's leading semiconductor manufacturer, is set to market a system aimed at helping suppliers and partners better manage their trade secrets to promote innovation. This initiative, which began in 2013 and has already been adopted by 20 local firms, utilizes a comprehensive registry system integrated with AI analytics to safeguard confidential information while enhancing organizational efficiency. Although cybersecurity is a primary focus, TSMC recently experienced a trade secret theft, highlighting the challenges in protecting proprietary technologies.
Source: YAHOO
Reported 8 days ago
Estonia-based startup Vocal Image is revolutionizing how people improve their voice and communication skills through AI-powered coaching, led by CEO Nick Lahoika, a former non-English speaker who overcame speaking anxiety. With interactive tools and a subscription-based app, they support users from various backgrounds, including the LGBTQ community, in enhancing professional and personal confidence. After a successful funding round, Vocal Image plans to expand its user base and development team while leveraging its vast collection of real-voice samples to further refine its AI technology.
Source: YAHOO
Reported 8 days ago
North Korea's economy grew by 3.7% in 2024, marking the fastest growth rate in eight years, fueled by enhanced economic relations with Russia, as reported by South Korea's central bank. This growth, up from 3.1% in 2023, is attributed to significant advancements in the manufacturing, construction, and mining sectors, with a notable 10.7% increase in the heavy chemical industry. Despite a decline in overall trade, exports saw a spike, and North Korea's per capita gross national income was estimated at just 3.4% of South Korea's. The Bank of Korea's findings reflect the country's evolving geopolitical alliances, particularly with Russia.
Source: YAHOO
Reported 8 days ago
Alibaba's stock has surged nearly 50% this year, driven by a stabilization in its e-commerce business and a rapid expansion in its cloud services, despite facing significant regulatory and competitive challenges in recent years. Its revenue and adjusted EBITDA both increased, suggesting it's undervalued compared to its growth potential. Analysts predict steady future growth, and potential improvements in U.S.-China relations could further enhance its valuation, transitioning Alibaba from a high-growth to a value-focused company.
Source: YAHOO
Reported 8 days ago
The de minimis exemption allowing imports valued under $800 to avoid tariffs ends, subjecting smaller packages to new levies. This policy change, announced by Trump, follows a history of facilitating duty-free shipments and is expected to lead to price increases for consumers as businesses adjust to the rising costs. Many companies are already implementing sales to mitigate the impact before the tariffs kick in.
Source: YAHOO
Reported 9 days ago
Intel has received a 10% equity investment from the US government as part of a $5.7 billion deal under President Trump. However, industry expert Patrick Moorhead emphasizes that mere financial backing may not be enough for Intel to establish a strong foothold in the global chip supply chain. He suggests that the most crucial factor is for the government to ensure design houses do not overlook Intel in their operations, or else the investment could yield minimal benefits.
Source: YAHOO
Reported 9 days ago
On Thursday, the U.S. stock market showed strong gains, with the S&P 500 crossing the significant 6,500 mark and the Dow reaching a record high following positive Nvidia earnings and an unexpected rise in GDP. The Nasdaq also made gains, while economic indicators pointed to a resilient economy with a GDP increase of 3.3% in Q2. Investors remain attentive to inflation readings and political developments surrounding the Federal Reserve's independence amid ongoing tensions with President Trump.
Source: YAHOO
Reported 9 days ago
Dell Technologies has increased its annual revenue and profit forecasts, driven by rising demand for AI-optimized servers powered by Nvidia chips. Despite a dip in shares after a third-quarter profit outlook that fell short of analyst expectations, Dell projects $20 billion in revenue from AI server shipments for fiscal 2026, up from a previous $15 billion estimate. The company also expects annual revenue to be between $105 billion and $109 billion, alongside adjusted earnings per share of $9.55. While overall revenue grew significantly, competition and production costs have put pressure on profit margins.
Source: YAHOO
Reported 9 days ago
Federal Reserve Governor Lisa Cook has filed a lawsuit against President Trump, the Federal Reserve Board, and Chair Jerome Powell, seeking to challenge her potential dismissal. Her aims include obtaining an injunction to maintain her position, asserting that Trump's firing attempt was illegal, and clarifying the meaning of 'cause' for dismissal under the Federal Reserve Act. She argues that unsubstantiated allegations of mortgage fraud should not justify her removal, and she claims her Fifth Amendment rights were violated. A court hearing is scheduled to address her request to preserve her position.
Source: YAHOO
Reported 9 days ago
Coterie, a high-end diaper brand backed by celebrities like Karlie Kloss and Ashley Graham, is in discussions to sell itself to consumer goods company Mammoth Brands. Known for their premium quality disposable diapers, Coterie aims to compete against established brands while maintaining profitability, generating over $200 million in annual revenue. The potential deal could value Coterie at around $650 million, though discussions are ongoing and no agreement has been finalized.
Source: YAHOO
Reported 9 days ago
Gap Inc. has reported better-than-expected second quarter earnings, driven by improvements in its namesake division and signs of recovery in Banana Republic, though Old Navy maintained steady performance. CEO Richard Dickson is optimistic about a turnaround for the brand, although the company has adjusted its full-year margin outlook due to potential tariff impacts, leading to a decline in shares. Despite inventory levels increasing and concerns over gross margin pressures, the company aims for modest sales growth in 2025.
Source: YAHOO
Reported 9 days ago
Federal Reserve Governor Lisa Cook has filed a lawsuit against President Trump, asserting that his attempt to remove her was unlawful and infringed upon her due process rights. Cook contends that accusations of mortgage fraud against her are baseless and claims that her dismissal violates her rights under the Federal Reserve Act. The case raises significant questions about presidential authority over the Federal Reserve's independence and is set for a hearing in the District of Columbia.
Source: YAHOO
Reported 9 days ago
Mark Zuckerberg met with President Donald Trump to raise concerns about digital taxes just days before Trump threatened substantial tariffs on countries implementing such taxes. The discussions highlighted the potential harm these taxes could inflict on American tech companies like Meta, which relies on revenue from advertising. Trump criticized the taxes as discriminatory and indicated a strong stance against them, linking the issue to broader tensions in international trade.
Source: YAHOO
Reported 9 days ago
Nvidia's data center revenue surged due to significant investments from major tech companies in artificial intelligence, making up nearly half of its $41 billion earnings last quarter. However, analysts caution that an eventual slowdown in capital expenditures from these tech giants could pose risks, especially as a recent report revealed many companies are struggling to see returns from their AI investments. Despite current strong demand for Nvidia's AI chips, concerns linger about future spending in the sector.
Source: YAHOO
Reported 9 days ago
President Trump’s trade war, marked by tariffs and import taxes, is adversely affecting many sectors of the economy, with costs ultimately being passed onto American families through higher prices and reduced competition. Despite a rising stock market, numerous S&P 500 companies have reported significant profit hits due to tariffs, particularly in sectors such as Consumer Discretionary, Consumer Staples, and Health Care. While a few sectors benefit from reduced competition, most businesses and consumers are struggling with the economic fallout of these trade policies.
Source: YAHOO
Reported 9 days ago
Cracker Barrel has reverted to its original logo after facing backlash from a recent redesign, but the chain is still grappling with declining sales. Industry expert Jon Taffer emphasizes that Cracker Barrel needs to address generational issues and attract a younger audience, rather than alienating its current customer base. He suggests focusing on increasing guest counts through new menu items and marketing initiatives to drive growth.
Source: YAHOO
Reported 9 days ago
Nutanix (NTNX) stock fell despite exceeding Q4 earnings expectations, as CEO Rajiv Ramaswami discussed the company's emerging growth drivers and strong demand from customers. He noted that Nutanix is effectively modernizing infrastructure and migrating clients from legacy systems, with a significant customer base growth, including 2,700 new customers this year alone. Ramaswami remains confident in the company's long-term prospects amid a $100 billion market opportunity.
Source: YAHOO
Reported 9 days ago
Intel announced it received a $5.7 billion grant, negotiated as part of a 10% stake deal by the U.S. government. While Intel's finance chief confirmed the grant's receipt, the White House indicated that the agreement is still in discussion, with final details being worked out by the Department of Commerce. Intel aims to stabilize its foundry business amidst significant restructuring efforts, including job cuts and seeking major customers for its manufacturing services.
Source: YAHOO
Reported 9 days ago
President Trump's tariffs on steel, aluminum, and copper imports are expected to cost U.S. households an additional $2,400, affecting a wide range of products from food to cars. With current tariffs at their highest since 1933, families will face gradual price increases, particularly on perishable goods. As businesses struggle to absorb these costs, consumers are advised to prepare for rising prices by stocking up on essentials and adapting their purchasing habits.
Source: YAHOO
Reported 9 days ago
Best Buy's stock dropped 4% despite beating revenue and earnings estimates as the company maintained its cautious full-year outlook, sparking investor disappointment. CEO Corie Barry indicated concerns over potential consumer impact from tariffs, leading to conservative sales forecasts, though growth was seen in gaming and tech upgrades this quarter.
Source: YAHOO
Reported 9 days ago
Nvidia's automotive sector experienced a remarkable 69% increase year-over-year, achieving $586 million in revenue in Q2 of fiscal 2026, primarily due to its self-driving technologies. Major customers such as GM, Toyota, and Mercedes are adopting Nvidia's advanced platforms, notably the new DRIVE AGX Thor system. CEO Jensen Huang anticipates this growth will lead Nvidia's auto business towards a multitrillion-dollar opportunity, emphasizing the convergence of supercomputing and robotics as essential for the future of AI.
Source: YAHOO