Day: August 27, 2025
China Nvidia rival Cambricon adds to $40 billion rally with 4,000% revenue jump
China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Chinese semiconductor firm Cambricon posted record profit in the first half of the year underscoring how local challengers to Nvidia are gaining traction as Beijing looks to boost its domestic industry. Cambricon is among a plethora of […]
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Canada Goose rises 7% in premarket trading after controlling shareholder gets take-private bids
New York-listed shares of Canada Goose rose by nearly 7% in premarketing trading, after a CNBC report that the winter-clothing maker’s controlling shareholder, Bain Capital, has received bids to take the company private. Private equity firm Bain Capital is looking to offload its holding in Canada Goose, sources told CNBC’s Anniek Bao, with Goldman Sachs […]
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European stocks rebound as traders eye Nvidia earnings
European markets opened higher Wednesday as traders gear up for a quarterly earnings report from chipmaker Nvidia. The Nasdaq-listed stock has become a bellwether for the global technology sector, particularly regarding the progress of the artificial intelligence boom, as its major corporate customers include Microsoft, Google, Meta and Amazon. Its value has soared in recent […]
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SpaceX makes comeback with Starship test launch after fiery setbacks
SpaceX’s Starship rocket lifts off from Starbase, Texas, as seen from South Padre Island on Aug. 26, 2025, for its 10th test flight. Ronaldo Schemidt | Afp | Getty Images SpaceX on Tuesday launched its mammoth Starship rocket, breaking a string of explosive failed attempts earlier this year to deploy its first batch of dummy […]
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Lego hits record revenue in first half of 2025, boosted by brick flowers and cars
Icons Tiny Plants by Lego. James Manning – Pa Images | Pa Images | Getty Images Flowers, succulents and Formula One race cars helped fuel a 12% revenue bump for Lego during the first half of the year. The company reported a record 34.6 billion Danish kroner, or $5.4 billion, in revenue as part of […]
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Stock futures little changed ahead of Nvidia earnings: Live updates
Traders work on the floor at the New York Stock Exchange in New York City, U.S., August 26, 2025. Brendan McDermid | Reuters Stock futures were flat early Wednesday as investors turn their eyes to Nvidia earnings, which could be a make-or-break moment for the bull market. Futures tied to the Dow Jones Industrial Average, […]
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Putin acts like he doesn’t care about peace. Russia’s economy could depend on it
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin meets with German Gref, the CEO of Russia’s largest Sberbank, in Moscow on July 29, 2025. Mikhail Metzel | Afp | Getty Images Russia’s beleaguered economy, with its slowing growth and widening budget deficit, could be one push-factor when it […]
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Leisure travel to the U.S. is down, but business bookings are up
Leisure travel to the United States is down this year, but business travel to the country remains stable, according to a report from SAP Concur. The United States was the top destination for global business travelers in the first half of 2025, according to the report. Some 15% of all business air travel bookings were […]
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Australia’s consumer prices spike in July as electricity costs surge
On a rainy winter night at George Street, two trams stopped and a person was walking across. The retail street was brightly illuminated. Wenyi Liu | Moment | Getty Images Australian consumer prices jumped by far more than forecast in July as electricity prices spiked due to the timing of government rebates, which has injected more volatility into this year’s series. The Australian […]
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Thai monetary policy should remain accommodative, central bank minutes show
Thailand’s monetary policy should remain accommodative to support the economy and an easing would not significantly increase financial stability risks. Bloomberg Creative | Bloomberg Creative Photos | Getty Images Thailand’s monetary policy should remain accommodative to support the economy and an easing would not significantly increase financial stability risks, the minutes of the Bank of Thailand’s August 13 policy meeting showed on Wednesday. At the meeting, the monetary policy committee voted […]
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