World
China’s SMIC says Trump tariffs did not cause expected ‘hard landing’
China’s top foundry SMIC‘s co-CEO said on Friday that U.S. tariff policy had not resulted in the “hard landing” that the company was initially worried about and that strong domestic demand will keep its production capacity tight until October. Zhao Haijun, co-CEO of Semiconductor Manufacturing International Corp, told a post-earnings call that the company is not consulting […]
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SoftBank Group shares surge 13% to a record high after quarterly profit beat estimates
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | Reuters Shares of SoftBank Group surged 13% Friday to hit a fresh record, following the company’s higher-than-expected fiscal first-quarter profit. This marks the Japanese investment firm’s fourth straight session of gains, and comes after it closed […]
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Asia-Pacific markets trade mixed as two key Wall Street benchmarks fall
Asia-Pacific markets start the day mixed Asia-Pacific markets opened mixed Friday. As of 8:12 a.m. Singapore time (8:12 p.m. ET Thursday), Japan’s Nikkei 225 benchmark rose 1.18% while the broader Topix index added 0.87%. In South Korea, the Kospi index fell 0.13% while the small-cap Kosdaq increased by 0.65%. Over in Australia, the S&P/ASX 200 benchmark was down […]
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Private equity investors want their money back — but it’s tied up in ‘zombie funds’
Private equity firms are struggling to sell the companies they own — and that’s locking investors’ money in aging funds with no clear exit in sight. After years of booming deal activity following the global financial crisis of 2007-2009, the PE industry is now in a holding pattern. Managers are sitting on a growing number […]
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Stock futures rise after Dow posts a loss in Thursday’s trading: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on August 05, 2025 in New York City. Michael M. Santiago | Getty Images News | Getty Images U.S. stock futures ticked higher on Thursday night after the Dow Jones Industrial Average logged its second losing day in the past three. […]
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Pinterest stock falls 10% after earnings miss
Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Pinterest shares were down more than 10% on Thursday after the company reported second-quarter earnings that missed on earnings per share. […]
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Doximity buys Pathway Medical for $63 million to help doctors get AI-powered answers
Doximity at the New York Stock Exchange for its initial public offering on June 24, 2021. Source: NYSE Doximity is diving deeper into artificial intelligence, announcing on Thursday the acquisition of startup Pathway Medical for $63 million. Pathway has built an AI-powered clinical reference tool that doctors can use to ask questions about guidelines, drugs […]
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Buy the dip on this ‘pure play automation’ stock, says Bank of America
Bank of America is sticking by Emerson Electric after a postearnings sell-off, as the company could benefit from manufacturing shifting back to the U.S. Emerson Electric’s fiscal third-quarter results were mixed, hurt by weaker-than-expected sales. The company, which makes autonomous technology and industrial goods, lowered its full-year outlook and now estimates sales will rise 3.5% […]
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Switzerland will pursue further talks with US over crippling tariffs
President of the Swiss Confederation, Karin Keller-Sutter (R) and Swiss Economy Minister Guy Parmelin depart at the Department of State after a meeting with US Secretary of State Marco Rubio, in Washington, DC on August 6, 2025. Drew Angerer | Afp | Getty Images Switzerland will continue talks with the United States, its president said […]
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Bank of England narrowly votes to cut interest rates to 4% as balancing act continues
Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England voted by a fine margin to cut interest rates from 4.25% to 4% on Thursday as the central […]
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