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Business

Chinese Tech Giants Rush to Secure $16B in Nvidia Chips Amid Potential U.S. Ban Fears

Chinese companies, including Alibaba, Tencent, and ByteDance, have ordered $16B worth of Nvidia's H20 server chips amid fears of a U.S. ban, with TSMC's limited capacity potentiall...

Business

Trump Media Seeks SEC Approval for $2.3 Billion Stock Sale by President's Trust

Trump Media and Technology Group Corp. has filed with the SEC to allow a trust led by President Donald Trump to sell 115 million shares worth over $2.3 billion, causing a 7.33% dro...

Business

Amazon Steps Into the Fray with Bold Bid to Acquire TikTok's US Operations Amid Ban Threats

Amazon has made a bold bid to acquire TikTok's US operations as the app faces a potential ban. The move highlights the ongoing concerns over ByteDance's ties to the Chinese governm...

Business

Chinese Tech Giants Rush to Secure $16B in Nvidia Chips Amid Looming US Ban Fears

Chinese companies have ordered $16B worth of Nvidia's H20 server chips amid fears of a US ban, with deliveries possibly delayed until Q4 due to TSMC's capacity issues.

Business

Trump Media Seeks SEC Approval for $2.3B Stock Sale by President's Trust

Trump Media and Technology Group Corp. has filed with the SEC to allow a trust led by President Donald Trump to sell up to 115 million shares, worth over $2.3 billion, resulting in...

Business

Stellantis Announces 350 Voluntary Job Cuts in Southern Italy to Streamline Operations

Stellantis has agreed to cut 350 jobs in southern Italy, targeting employees near retirement at Pomigliano and Pratola Serra plants, as part of its operational streamlining efforts...

Business

BlackBerry's Q4 Fiscal 2025: A 7% Revenue Dip to $141.7M Yet Beats Analyst Forecasts

BlackBerry Ltd. announced a 7% annual revenue drop to $141.7M in Q4 fiscal 2025, yet outperformed analyst expectations. The company also reported a reduced net loss, showcasing sig...

Business

Putin Grants Goldman Sachs Permission to Divest Russian Equities Amid Economic Shifts

Russian President Vladimir Putin has allowed Goldman Sachs to sell some of its Russian equities, with Balchug Capital set to buy shares in major companies like Gazprom and Rosneft,...