Markets

Finnish telecom equipment maker Nokia (NOKIA.HE) announced on Thursday that its operating profit declined by 32% in the second quarter due to weak demand for 5G telecom equipment. The comparable operating profit decreased to 423 million euros ($462.38 million) from 619 million euros in the same period last year. Both Nokia and its Swedish competitor …

Nokia’s Q2 Profit Drops 32% Due to Sluggish Telecom Gear Demand Read More »

U.S. measures against specific investments in artificial intelligence in China are aimed at addressing clear national security concerns, Treasury Secretary Janet Yellen informed lawmakers during a session of the U.S. House panel on financial services on Tuesday. “We’ve focused on technologies critical to military intelligence or cyber capabilities in countries of concern. Our objective is …

Yellen from the US Treasury: Restrictions on China’s AI investment are specifically focused. Read More »

Skydance Media CEO David Ellison outlined a vision on Monday for Paramount Global (PARA.O) as a technology-media hybrid company amid Hollywood’s competition with tech giants entering the entertainment sector. During an hour-long presentation to investors following the merger announcement with Paramount, Ellison drew inspiration from Steve Jobs, citing the late Apple (AAPL.O) co-founder and Pixar …

Ellison, CEO of Skydance, states that the new Paramount will evolve into a blend of technology and media. Read More »

Ether is poised for a surge with the imminent launch of ETFs. Despite its low profile compared to Bitcoin’s highs driven by new U.S. ETFs, Ether could surpass its 2021 peak of $4,867.60. Thomas Perfumo from Kraken highlights that Ether’s lower liquidity means fewer dollars can significantly impact its price. However, factors like the Mt. …

Anticipation Builds Among Traders for Upcoming Ether ETF Launch Read More »

Workers at Samsung Electronics (005930.KS) initiated a three-day strike on Monday to demand better pay, with their union warning of additional actions if South Korea’s largest conglomerate fails to meet their demands. The National Samsung Electronics Union (NSEU), representing approximately 30,000 members, nearly a quarter of the company’s South Korean workforce, is also seeking an …

Samsung Electronics workers strike as union influence increases in South Korea Read More »

China’s leading EV battery manufacturers, CATL <300750.SZ> and BYD <002594.SZ>, are targeting the expanding stationary energy storage market. Here are the key figures from their energy storage operations: CATL has held the top global position for energy storage battery deliveries since 2021, commanding over 40% of the market share, as reported in its annual report. …

Comparing China’s EV Battery Manufacturers in the Energy Storage Sector Read More »

U.S. venture capital funding surged to $55.6 billion in the second quarter, marking the highest quarterly total in two years, according to PitchBook data released recently. This represents a 47% increase from the $37.8 billion raised in the first quarter, driven significantly by investments in artificial intelligence (AI) companies. Notable contributions include $6 billion raised …

US venture capital funding reaches two-year high boosted by AI investments, data indicates Read More »