Jack Dorsey-led payments technology firm Block could become a formidable player in the crypto mining industry, but Wall Street will need details on profit margins to gauge the earnings tailwind from this business, analysts said.
MicroStrategy said on Thursday its board of directors has decided in favor of a 10-for-1 stock split of its class A and class B common stock, sending shares of the software company that invests in bitcoin up 4% before the bell.
Germany has closed a deal with telecom providers to exclude Chinese companies such as Huawei (HWT.UL) or ZTE from the nation’s 5G network products from 2029, its interior minister said on Thursday.
Hedge funds hunting for artificial intelligence-related stock market bargains are rushing into South Korea’s chipmakers, betting a new wave of demand for high-end memory chips and government spending makes them more valuable.
Apple will open its tap-and-go mobile payments system to rivals, EU antitrust regulator said on Thursday, even as its chief Margrethe Vestager said the iPhone maker has yet to change its business practices to comply with landmark tech rules.
Tata Consultancy Services , India’s top IT services company, said despite slightly surpassing first-quarter revenue estimates, it is “too early” to predict sustained growth in future quarters.
Taiwan’s TSMC scaled a record high on Thursday after posting strong second-quarter revenue on booming demand for AI applications, cementing its position as Asia’s most valuable company.
Britain’s grocery regulator on Thursday threatened Amazon with a formal investigation if it does not improve its compliance with an industry code designed to protect suppliers.
TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.
