Meta’s Reality Labs posts $4.4 billion loss in third quarter
The Reality Labs business, focused on virtual and augmented reality, lost $4.4 billion loss in third quarter while recording $470 million in sales.
South Korean auto, shipbuilding shares climb after trade deal finalized
Shipbuilders Hanwha Ocean spiked as much as 14.9% while Samsung Heavy Industries climbed 8.33% at its peak.
Meta CEO Mark Zuckerberg defends AI spending: ‘We’re seeing the returns’
Mark Zuckerberg is reminding investors that Meta needs to keep spending on artificial intelligence because of the risk of not investing enough.
Trump and Xi land in Busan for highly anticipated meeting over trade
The high-stakes meeting comes as tensions between the world’s two largest economies have escalated this year.
Samsung’s third-quarter profit more than doubles, beating estimates as chip recovery gathers pace
Samsung Electronics reported a rebound in earnings on Thursday, with operating profit more than doubling from the previous quarter.
South Korean markets smash records as investors bet on AI and corporate governance reforms
South Korea’s benchmark Kospi Index has been on a record-breaking spree this month, hitting 16 intra-day records so far.
Here are the five key takeaways from the Fed meeting and Powell news conference
The Federal Reserve meeting that wrapped up Wednesday both delivered on expectations and offered a few surprises.
CNBC’s The China Connection newsletter: Five things Beijing wants from a Trump-Xi meeting
What China asks of the U.S. this week can reveal the extent to which Beijing has assessed the transformation of its global clout.
Google expects ‘significant increase’ in capital expenditure in 2026, execs say
Alphabet is planning a “significant increase” in spend next year as it continues to invest in AI infrastructure to meet the demand of its customer backlog.
YouTube offers voluntary buyouts as company reorganizes around AI
In an internal memo to staff, YouTube CEO Neal Mohan said the platform is reorganizing its product teams for the first time in a decade.