Foxconn beats estimates with record fourth-quarter revenue on AI demand
TAIPEI (Reuters) – Taiwan’s Foxconn (SS:601138), the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers. Revenue for Apple (NASDAQ:AAPL)’s biggest iPhone assembler jumped…
Bitcoin price today: rebounds to $102k after new year rout; Trump in focus
Investing.com– Bitcoin rose on Tuesday, extending recent gains and re-entering six-digit price territory after a new year rout, with markets now looking to President-elect Donald Trump’s upcoming inauguration. Sentiment was also supported by MicroStrategy Incorporated (NASDAQ:MSTR) buying another 1,070 Bitcoin,…
Taiwan stocks higher at close of trade; Taiwan Weighted up 2.79%
Investing.com – Taiwan stocks were higher after the close on Tuesday, as gains in the Oil, Gas & Electricity, Plastic and Semiconductor sectors led shares higher. At the close in Taiwan, the Taiwan Weighted rose 2.79% to hit a new…
Zomato: Jefferies downgrades to Hold on quick commerce competition concerns
Investing.com– Jefferies downgraded Indian food delivery firm Zomato Ltd (NS:ZOMT) on Monday, stating that the stock was likely to see a year of consolidation after strong gains in 2024 due to heightened competition and slimmer margins. Jefferies downgraded Zomato to…
Indonesia dishes out first free meals in programme targeting 83 million people
JAKARTA (Reuters) – Indonesian President Prabowo Subianto’s ambitious multi-billion dollar programme to provide free meals to more than a quarter of his people was officially underway on Monday, officials said, with 570,000 mouths to feed on its opening day. Despite…
Norway PM worried by Musk involvement in politics outside US
OSLO (Reuters) – Norway’s Prime Minister Jonas Gahr Stoere said on Monday that it is worrying that Elon Musk directly involves himself in domestic political issues in countries outside of the United States. “I find it worrying that a man…