Qualcomm's shares, the leading provider of smartphone chips globally, declined by 4.6% in after-hours trading on the Nasdaq due to worries from investors that demand for new mobile devices might decrease, Bloomberg reports citing trading data. Qualcomm published its report for the first quarter of...

TotalEnergies concluded 2024 with a revised net income of $18.3 billion. According to its financial report, the profit of the French energy company decreased by 21% in comparison to 2023. The organization attributes the decline in profits to the influence of a high base: oil prices and demand for...

In response to mounting public criticism over medical care denials and delays, Cigna Group has announced a series of initiatives aimed at restoring trust and enhancing patient satisfaction. These measures include increasing staff in customer-facing roles, linking executive compensation to customer...

Intel, once the dominant player in the global semiconductor market, has been navigating a difficult period marked by financial setbacks, leadership turmoil, and increased competition, particularly from rivals like Nvidia. Despite a December-quarter performance that exceeded analysts' low...

The recent advancements by Chinese startup DeepSeek have prompted a critical reassessment of investment strategies within the artificial intelligence (AI) sector. DeepSeek's ability to develop high-performing AI models with minimal financial outlay challenges the prevailing notion that substantial...

Norway's Government Pension Fund Global (GPFG), the largest pension fund globally with assets totaling $1.8 trillion, achieved a historic return of $222 billion in 2024, as reported by Norges Bank Investment Management (NBIM), the division of the Norwegian central bank overseeing the fund. “The...

Shares of American semiconductor company Nvidia, known for its focus on artificial intelligence, dropped by 17.8%, resulting in a capitalization loss of approximately $620 billion, reports the Financial Times. The newspaper observes that this set a record for the firm regarding the loss of market...

The UK Ministry of Defense revealed that it has awarded a contract to the British firm Rolls-Royce Holdings for the designing, building, and technical assistance of nuclear reactors for the Royal Navy's nuclear submarines. It will be valued at $11 billion - the biggest contract of its kind between...

Neko Health, a company focused on body-scanning diagnostics, has secured $260 million to launch its clinics across the US, according to the Financial Times, referencing the startup's founder Daniel Ek, who is also the CEO of Spotify. Ek established Neko in Sweden in 2018 along with businessman...