Tech News

U.S. President-elect Donald Trump’s support for cryptocurrency is encouraging small businesses to allocate portions of their cash reserves to bitcoin, challenging the traditional preference for assets like Treasuries and cash as companies seek alternatives to protect against inflation. In recent weeks, biotech firms Enlivex Therapeutics, Acurx Pharmaceuticals, and Hoth Therapeutics have announced plans to invest …

Trump’s support for cryptocurrency encourages businesses to move away from traditional treasury assets. Read More »

Intel’s interim co-CEO, David Zinsner, announced on Wednesday that the company’s next CEO will have expertise in manufacturing as well as product development. According to a Reuters report on Tuesday, Intel is considering several external candidates, including former board member Lip-Bu Tan, to lead the company after CEO Pat Gelsinger resigned. The move follows dissatisfaction …

Intel’s interim co-CEO, David Zinsner, states that the company’s next chief executive will bring expertise in foundry operations. Read More »

Asia’s factories show signs of improvement as China’s recovery progresses, though potential risks from U.S. policies persist.According to official data, Japanese corporate spending on plants and equipment increased in the third quarter. India’s factory activity growth stayed strong but slightly declined due to ongoing price pressures. Data released on Friday revealed that Asia’s third-largest economy …

Asia’s Factory Growth Linked to China’s Recovery Read More »

Zoom Video Communications raised its fiscal 2025 revenue and profit forecasts on Monday, citing strong demand for its video conferencing services and growth in hybrid work models. The company also announced a $1.2 billion expansion of its share buyback program. Despite these announcements, Zoom’s stock dipped 3% in extended trading after closing up 3.5%. Analysts …

Zoom increases its annual revenue and profit forecasts while expanding its share buyback program. Read More »

Amazon posted third-quarter profit and revenue above Wall Street expectations, fueled by stronger retail sales, which lifted shares 5.7% after-hours. The company forecast a positive holiday season, with expectations for steady results driven by faster shipping and a focus on affordable items. Amazon reported a 7% increase in retail sales for the quarter ending Sept. …

Amazon Q3 Profit Rises with Strong Retail Sales, Beating Estimates Read More »