Biden Keeps Doling Out Billions to Chipmakers. Here’s What Really Matters.
Despite nearly $28 billion in subsidies flowing to chip companies, AI remains the industry’s kingmaker.
Despite nearly $28 billion in subsidies flowing to chip companies, AI remains the industry’s kingmaker.
Vladimir Putin is throwing everything he has got at ramping up Russia’s war machine.
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose. The value of Berkshire's stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter.
If you were concerned about slowing cloud infrastructure growth for a time in 2023, you can finally relax: The cloud was back with a vengeance this quarter. The market as a whole was up a healthy $13.5 billion to $76 billion, up 21% over the first quarter in 2023, per Synergy Research. If you’re wondering what’s driving the growth, you probably guessed that it's related to generative AI and the copious amount of data required to build the underlying models.
Apple has bought back more than 10 billion of its shares via massive stock buyback programs since 2013.
HOUSTON (Reuters) -Exxon Mobil will take 18 to 24 months to achieve its full production synergies from its $60 billion purchase of U.S. shale oil producer Pioneer Natural Resources, the company's top shale executive said on Friday. Exxon this week closed all-stock acquisition after agreeing to an antitrust consent order that barred the former Pioneer CEO from joining its board and is moving in coming weeks to combine operations that will form the largest oil producer in the Permian basin. "You will see (oil production) grow pretty rapidly, year over year," said Bart Cahir, Exxon's senior vice president of shale, as Exxon applies its current growth strategy to the resources incorporated from Pioneer.
British Gas has expanded its partnership with Toyota to launch Toyota HomeCharge, the first domestic wallbox chargepoint designed exclusively for Toyota electric and plug-in hybrid vehicles.
In this article, we will be taking a look at the 30 Most Profitable Companies with Highest Margins in the World. To learn about other Most Profitable Companies with Highest Margins in the World, you can go directly to the 5 Most Profitable Companies with Highest Margins in the World. In today’s competitive global marketplace, […]
(Bloomberg) -- Oil posted its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East, while traders continued to weigh the outlook for interest-rate cuts. Most Read from BloombergFrance’s Macron Calls for Reset of Economic Ties With ChinaEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventBerkshire Cash Hoard Scores Another Record as Earnings GainThe World’s Hunger for Salmon Is Linked to an Ecological DisasterA Post-Buffett Berkshire Is Omaha Fo
Prince Harry has reportedly extended an olive branch to King Charles and asked if the pair can meet during his upcoming visit to the UK and he received a 'four-word response'
CCTV footage of old man 'being attacked in Yorkshire' goes viral online as have a go hero steps in
The popular TV presenter has been presenting permanently on the show since 2005
The buyers stepped in after the suggested from Phillip Serrell
After decades on our screens, Melanie has vowed never to return to TV
Tom Davies suffered months of bizarre symptoms before his diagnosis
The mum couldn't believe the rude response of the stranger following her daughter's naturally curious question and explained the context behind the incident online to get the opinions of others
Marcel Eckardt has explained what was going on in the tense moment
Sally Carman-Duttine plays Abi Webster on the popular soap
The RSPCA has shared the one thing you need to do if you want to keep pigeons out of your garden without harming them.
Prince William reportedly 'remains concerned' for his father's health
EncroChat user 'SmartRoyal' was identified after saving man's life and from stag do pictures