(Reuters) - Contract chipmaker GlobalFoundries forecast fourth-quarter profit above analysts' estimates on Tuesday, providing the latest sign that a supply glut in the semiconductor industry was easing. The company's shares rose 4.5% in premarket trading after the July-September quarter earnings…
By Sam Nussey TOKYO (Reuters) -Nintendo on Tuesday raised its operating profit forecast for the financial year ending March by 11% to 500 billion yen ($3.32 billion) as heavy-hitting franchises continued to attract gamers to its aging Switch console. The…
By Foo Yun Chee BRUSSELS (Reuters) - Big Tech firms will face new European Union rules to clearly label political advertising on their platforms, who paid for it and how much and which elections are being targeted, ahead of important…
By Josh Ye HONG KONG (Reuters) - U.S. curbs on the sales of advanced artificial chips by Nvidia to China are creating an opening for Huawei to win market share, with sources saying it won a sizeable AI chip order…
LONDON (Reuters) - Big U.S. investors at the top five western oil firms' shareholder meetings this year rebuffed an activist group's resolutions to align their emission targets with the Paris climate pact, in contrast to some European peers, voting data…
By Yuvraj Malik (Reuters) -Bumble founder Whitney Wolfe Herd will step down as CEO of the dating apps operator and hand over the role to seasoned executive Lidiane Jones, knocking its shares down 10% to a record on Monday. Jones…
(Reuters) -Hipgnosis Songs Fund Ltd, which had been undertaking a review of its financial position, said on Monday it would not declare dividends before its new fiscal year starting April 1 to save cash. Shares in the music investor dropped…
(Reuters) - Wall Street brokerages largely initiated Birkenstock with their top ratings, pointing to a likely boost from the German luxury sandal maker's recent investments to increase capacity, expansion into newer styles and brand loyalty. Birkenstock's shares dropped to as…
By Akash Sriram (Reuters) -Lyft's price cuts may have helped the ride-hailing firm make a small dent in Uber's U.S. market share, but not enough to prevent the bigger rival from reporting its second quarterly operating profit. After the slowest…
FRANKFURT (Reuters) - BioNTech has cut its 2023 revenue target by about 1 billion euros ($1.1 billion) on lower demand for the COVID-19 vaccine made with Pfizer but said the impact from write-downs at its U.S. partner was less then…
