UBS beats expectations with $1.2 billion fourth-quarter profit, plans $3 billion buyback
UBS reported its fourth quarter earnings on Wednesday.
Asian software stocks plunge after U.S. peers decline on fears over AI-led disruption
Wall Street’s fears around artificial intelligence-driven disruption affecting software companies have made their way into Asia.
‘Muskonomy’ shakeup: SpaceX valuation approaches Tesla’s after merger with xAI
Elon Musk is now overseeing two companies worth over $1 trillion, at least on paper.
Nintendo shares sink 10% as gaming giant faces memory shortage concerns
Nintendo fell over 10% in Asia trade as the gaming giant faces headwinds from an unprecedented memory shortage.
Pinterest CEO rebukes, fires ‘obstructionist’ employees who created tool to track layoffs
Pinterest CEO Bill Ready lashed out at staffers who created an internal tool to track layoffs at the company, and fired those involved.
KKR and Singtel to acquire remaining stake in data center firm STT GDC for over $5 billion
The deal pegs the enterprise value at S$13.8 billion.
Asia-Pacific markets set to fall, tracking Wall Street losses after a tech-led pullback
Asia-Pacific markets looked set to fall, tracking Wall Street losses as a sell-off in U.S. technology stocks weighed on sentiment.
Senate Banking Democrats demand delay on Warsh nomination until Powell and Cook investigations end
Sen. Thom Tillis, R-N.C., has separately vowed to hold up the nomination until the DOJ resolves its criminal investigation of Fed Chair Jerome Powell.
Trump: If states can’t run elections ‘honestly,’ then ‘somebody else should take over’
Trump had been asked what he meant when he called on members of the Republican Party to “take over the voting” in a recent interview with Dan Bongino.
Microsoft promotes sales leaders as company pursues AI growth
Judson Althoff, CEO of Microsoft’s commercial business, wants to reduce the customer feedback loop as the company sells artificial intelligence services.