Alibaba shares fall 5% as AI spending drives 75% drop in net income
China’s Alibaba on Thursday posted a 75% fall in profits for the June quarter as AI spending weighed…
Oil: Aramco second-quarter profits jump as Iran war squeezes supplies
Saudi Aramco on Tuesday reported a jump in second-quarter profit, following a period of severe disruption through the…
ASML hikes sales forecast on strong AI chip demand
ASML on Wednesday raised its guidance for the second time this year as its customers continue to ramp…
Alibaba’s core profit plunges even as AI and cloud growth accelerate
Jaap Arriens | Nurphoto | Getty Images Alibaba on Wednesday said its core profitability plunged in the March…
SoftBank posts $46 billion gain at Vision Fund driven by OpenAI bet
SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in…
ASML raises 2026 guidance as AI chip demand stays strong
ASML raised its sales forecast for 2026 after it beat first-quarter revenue and profit expectations, driven by continued…
Swiss sneaker maker’s guidance disappoints
The Roger models, named after former tennis player and company investor Roger Federer, are displayed in a shop…
Heineken to slash up to 6,000 jobs in AI ‘productivity savings’
Dutch brewer Heineken is planning to lay off up to up to 7% of its workforce, as it…