Reported 10 days ago
SK Telecom, South Korea's largest mobile operator, was fined 134.8 billion won ($97 million) by the Personal Information Protection Commission following a major cyberattack in April that compromised the data of approximately 23 million individuals. The commission criticized the company for failing to adequately protect customer data and for not promptly reporting the breach. In light of this incident, legislative efforts are underway to address national cybersecurity implications and improve data protection oversight.
Source: YAHOO
Reported 10 days ago
Asian markets experienced fluctuations following Nvidia's strong earnings report, with concerns about its China business overshadowing investor optimism. The MSCI Asia-Pacific index saw minor losses, while U.S. futures also dropped after Nvidia's disappointing insights on its China operations. In Japan, stocks fluctuated amid trade negotiation uncertainties, and Hong Kong faced significant losses led by a decline in Meituan shares. Meanwhile, the dollar fluctuated as traders anticipated a possible interest rate cut, influenced by recent comments from Federal Reserve officials.
Source: YAHOO
Reported 10 days ago
Oil prices dipped as investors considered the approaching end of the U.S. summer driving season and the supply implications of U.S. tariffs affecting India's imports of Russian oil. Brent crude futures fell by 0.46% to $67.74, while WTI dropped 0.56% to $63.79. Despite reports of decreased U.S. crude inventories suggesting strong demand, analysts anticipate a decline in consumption as summer ends. India's response to U.S. pressure to cease Russian oil purchases will be key, with expectations that they may continue buying despite tariffs.
Source: YAHOO
Reported 10 days ago
The dollar opened lower as traders increased bets on a potential Federal Reserve interest rate cut in September, following comments from New York Fed chief John Williams. The U.S. currency faced additional pressure from President Trump's efforts to influence Fed appointments. Despite a slight dip against the euro and Swiss franc, the dollar's index remained steady. The market anticipates key economic data releases that could impact Fed decisions, with traders estimating an 84% chance of a quarter-point rate cut next month.
Source: YAHOO
Reported 10 days ago
South32 reported a 75% increase in full-year profit due to strong performance in its alumina division and rising commodity prices, despite falling short of market expectations. The company's alumina earnings rose significantly, although challenges in its Australian manganese operations impacted overall projections. South32 anticipates a 4% production growth for its Worsley Alumina operations but is preparing for potential maintenance of its Mozal Aluminium smelter amid rising operational costs.
Source: YAHOO
Reported 10 days ago
TransBnk, a Mumbai-based startup, has raised $25 million in funding to tackle the outdated corporate banking landscape in India, which lags significantly behind the consumer fintech sector. Despite the rapid growth of digital payments for consumers, businesses still rely on inefficient manual processes for transaction banking. TransBnk aims to provide a unified platform for businesses to access various banking services seamlessly, having already integrated with 40 banks and serving over 220 customers. The company plans to expand regionally and into various sectors with the new capital.
Source: YAHOO
Reported 10 days ago
Singapore's food safety law enforces stringent packaging standards essential for protecting food safety and quality, as over 90% of the nation's food is imported. These regulations ensure that packaging materials are safe, non-toxic, and designed to prevent contamination, while also demanding clear labelling for consumer awareness. The law promotes innovation in sustainable packaging solutions, creating opportunities for businesses to enhance compliance and market presence in a premium market focused on high food safety standards.
Source: YAHOO
Reported 10 days ago
New Zealand's economy is showing signs of recovery after a recession in 2024, with a 0.8% growth in the first quarter of 2025. However, international tensions, including a potential trade war with the US, threaten this recovery. The government's investor visa program is attracting foreign capital, with new applications projected to bring NZD 845 million in investment. Despite low overall business confidence, demand for accounting services is high, driven by changes in regulations and the need for compliance. However, the region still faces a skills shortage, and firms are increasingly turning to mergers and acquisitions for growth.
Source: YAHOO
Reported 10 days ago
中國新能源車製造商BYD宣布已開始從泰國出口電池電動車，首批960輛泰國製造的BYD Dolphin電動車已啟程前往德國、荷蘭和比利時。BYD泰國總經理表示，這一出口不僅標誌著BYD全球化戰略的一個重要進展，也凸顯了泰國在全球電動車供應鏈中的關鍵角色。
Source: YAHOO
Reported 10 days ago
Suzuki Motor has announced a plan to invest over $8 billion in its Indian operations within the next 5-6 years, aiming to double its production capacity in the country by 2030. CEO Toshihiro Suzuki highlighted India's growing significance as the company's largest production hub during an event to celebrate the launch of exports for the new eVitara SUV. The Hansalpur facility is set to become one of the largest automotive manufacturing centers globally, with plans to produce 1 million units and export to over 100 countries. Suzuki also aims to enhance its electric vehicle operations and reduce emissions through various technologies.
Source: YAHOO
Reported 10 days ago
Texas has imposed a $9.5 million fine on Booking Holdings, the parent company of Booking.com, due to allegations of misleading pricing practices that did not clearly disclose mandatory hotel fees until later in the booking process. The settlement, announced by Attorney General Ken Paxton, is the largest of its kind in the U.S. travel industry and mandates that the company display total prices, including all fees, upfront. While Booking did not admit wrongdoing, it has committed to enhancing transparency in pricing.
Source: YAHOO
Reported 10 days ago
Nvidia CEO Jensen Huang discusses the company's relationship with President Trump, emphasizing the administration's commitment to ensuring the US leads in artificial intelligence (AI). Huang highlights the importance of the AI sector for national and economic security, and notes recent deals allowing Nvidia to sell chips to China, which is critical given China’s significant presence in global AI research and development. Huang expresses optimism about competing in the rapidly growing AI market and its potential benefits for the US economy.
Source: YAHOO
Reported 10 days ago
Nvidia reported Q2 earnings that exceeded Wall Street predictions, although data center revenue fell short of expectations. CEO Jensen Huang elaborated on the demand for data centers, the implications of political dynamics under President Trump, and the potential of the Chinese market. Huang emphasized AI's transformative impact across various sectors and Nvidia's advancements in gaming technology, highlighting the success of the Nintendo Switch 2.
Source: YAHOO
Reported 10 days ago
NetApp's revenue forecast for the second quarter slightly exceeded expectations, yet shares fell nearly 6% as companies curtail spending on cloud storage amid economic uncertainties. The company, which serves major clients like Amazon and Microsoft, projected revenues between $1.615 billion and $1.765 billion, with an adjusted profit estimate of $1.84 to $1.94 per share. Although its quarterly revenue slightly surpassed estimates, rising interest rates and inflation are impacting demand for its services.
Source: YAHOO
Reported 10 days ago
National Australia Bank has appointed Inder Singh as its new Chief Financial Officer, effective March 2026. Singh, who previously served as finance chief at QBE Insurance since 2018, brings over 20 years of experience in financial services and investment banking, having worked at major institutions like Deutsche Bank and UBS. The current acting CFO, Shaun Dooley, will return to his role as Chief Risk Officer once Singh takes over.
Source: YAHOO
Reported 10 days ago
Eli Lilly has temporarily halted shipments of its weight-loss drug Mounjaro in the UK due to an impending price increase of up to 170% set for next month. The company aims to manage supply and ensure access for patients, with plans to resume orders on September 1. The price for a month's supply of the highest dose will rise from 122 pounds to 330 pounds.
Source: YAHOO
Reported 10 days ago
In a discussion about the semiconductor sector, Ali Mogharabi from WestEnd Capital Management highlights three notable chip stock picks besides Nvidia: AMD, Broadcom, and ASML. Mogharabi suggests that while Nvidia remains a market leader, AMD is positioned to gain market share, particularly in AI, and emphasizes Broadcom's role in customized AI chips. He also notes ASML's critical position in chipmaking equipment, making it an important player as demand for AI chips grows.
Source: YAHOO
Reported 10 days ago
Nvidia reported record sales of $46.7 billion for the second quarter, a 56% year-over-year increase, driven by demand for AI-related data center business and its new Blackwell chip generation. The company's net income also surged to $26.4 billion, up 59% from last year. Despite restrictions on chip sales to China and no sales of its H20 chip in the region, Nvidia expects to generate $54 billion in revenue for the upcoming quarter.
Source: YAHOO
Reported 10 days ago
The Trump administration's push for Fed Governor Lisa Cook to resign has sparked fears about the independence of the Federal Reserve. With a letter proclaiming Cook's immediate dismissal amid allegations, experts weigh in on the potential implications for monetary policy and the Fed's ability to operate without political influence, especially as the economic outlook shows inflation slightly above target and risks of rate cuts being influenced by political agendas.
Source: YAHOO
Reported 10 days ago
Due to severe understaffing issues, 911 centers are turning to AI technology to manage non-emergency calls. Aurelian, a startup that initially focused on appointment bookings, has pivoted to create an AI voice assistant designed to handle non-urgent issues such as noise complaints and parking violations, allowing human dispatchers to focus on real emergencies. The AI has been implemented in several dispatch centers since May 2024, addressing the high-pressure environment and turnover rates in emergency dispatch roles.
Source: YAHOO
Reported 10 days ago
Gold Reserve has filed a motion to disqualify a competing bid from Elliott Investment Management for the parent company of Citgo Petroleum, which a Delaware court recently declared as the leading offer. Gold Reserve argues that the court's acceptance of the $5.86 billion bid from Elliott's Amber Energy overlooks previous recommendations for their higher $7.4 billion bid, potentially harming creditors. The auction is part of a process to repay debts stemming from Venezuela's nationalization actions.
Source: YAHOO
Reported 10 days ago
Google has launched Pixel Care+, a new device protection program that replaces Google Preferred Care and Fi Device Protection in the U.S. This program offers enhanced coverage including unlimited claims for accidental damage, $0 repairs for screens and batteries, and priority support from Pixel experts. Available for new eligible devices starting August 27, 2025, Pixel Care+ is priced at $10 per month or $199 for two years.
Source: YAHOO
Reported 10 days ago
Nvidia's quarterly earnings slightly surpassed analysts' estimates, with adjusted earnings of $1.05 per share and record revenue of $46.74 billion, driven in part by significant sales of H20 chips outside China. Despite a slight miss on data center sales expectations, Nvidia remains optimistic, forecasting $54 billion in revenue for the third quarter. The company continues to seek opportunities in the Chinese market while announcing an additional $60 billion for stock buybacks, although shares dropped about 3% in after-hours trading.
Source: YAHOO
Reported 10 days ago
Nvidia reported a 56% increase in second-quarter revenue and a 59% rise in net income year-over-year, solidifying its position as a leading company in the stock market, despite missing sales estimates in its data center division, which caused a dip in its stock. With a market value of $4.429 trillion, it tops the S&P 500 and has witnessed a staggering 1,143% rise in stock price since the beginning of 2023. The company forecasted $54 billion in revenue for the upcoming quarter while returning $24.3 billion to shareholders in the first half of the fiscal year.
Source: YAHOO
Reported 10 days ago
On August 27, 2025, the S&P 500 rose 0.2% to reach a record closing high, driven by investor anticipation for Nvidia's quarterly earnings. Meanwhile, Albemarle shares increased 7.5% following an upgrade from UBS due to an improved outlook for lithium prices, while shares of Paramount Skydance dropped 6.5% amid concerns over its valuation and growth projections. The market also saw gains from MongoDB, which reported strong financial results, whereas J.M. Smucker’s shares fell after reporting a loss attributed to tariff impacts.
Source: YAHOO