Qualcomm’s strategic shift to AI, including a $4 billion acquisition, drives shares up 66% in three months amid data center expansion. Qualcomm has accelerated its pivot to artificial intelligence, acquiring AI software firm Modular in a $4 billion all-stock deal. The move
Fraud and abuse in online returns cost retailers £29m over 10 months, driven by fragmented data and rising return rates. Retailers faced £29m in losses from returns fraud over 10 months, as online return rates near 20%. The data covers one million returned orders processed
The Korean memory chipmaker’s ADR offering may divert investor capital from Micron as it expands AI-driven capacity. SK Hynix will list American depositary receipts on the Nasdaq next month, aiming to raise over $29 billion in one of the largest stock offerings ever. The m
Autonomous driving software company Momenta has launched an initial public offering (IPO) on the Hong Kong Stock Exchange, seeking to raise HK$5.9bn ($752m) at HK$295.60 per share. The offering comprises approximately 19.9 million Class A ordinary shares, split between 1.9
Curis initiates enrollment for a Phase II trial combining emavusertib and zanubrutinib in chronic lymphocytic leukemia patients. Curis has begun enrollment at 11 clinical sites for its Phase II TakeAim CLL trial, evaluating the oral inhibitor emavusertib alongside zanubrut
Household loans in South Korea jumped by $3.1bn in May, the largest monthly rise since August 2024, driven by lower borrowing costs and equity market gains. South Korea’s household debt rose sharply in May, with loans increasing from $1.4 bn to $4.5bn, the fastest monthly
When evaluating the performance of the stock market, investors' primary focus is generally the S&P 500 (SNPINDEX: ^GSPC) index. This is the ultimate benchmark, comprising around 500 large, profitable U.S. businesses It's a good way for investors to gauge the state o
Comcast Corporation (CMCSA) announced on Monday that the media giant plans to separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky. Following the spinoff transaction, Comcast (CMCSA) shareholders will own shares Newsle
Brent crude remains near $73 per barrel after U.S.-Iran hostilities pause, while tech stocks face pressure from profit-taking and pricing shifts. Brent crude prices held steady below $73 per barrel in early trading Monday, despite weekend U.S. strikes on Iran over Gulf shi
Zymeworks will pay $17 per share to expand its portfolio with Theravance’s COPD treatment YUPELRI, generating $60M annually. Zymeworks will acquire Theravance Biopharma in an all-cash transaction valued at $929M, offering $17 per share. The deal aims to bolster Zymeworks’
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