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HPE reports sales that top estimates on boost from AI servers
HEWLETT Packard Enterprise (HPE) reported revenue that beat analysts’ estimates on a big jump in sales of servers built to handle artificial intelligence (AI) work. The shares rose in...
US: Wall Street opens higher on chip and megacaps boost
Wall Street opened higher on Monday (Jun 3), lifted by semiconductor and megacap growth stocks ahead of a data-packed week.The Dow Jones Industrial Average rose 23.67 points, or 0.06...
Chinese EV makers defy industry slump as price cuts boost sales
PRICE cuts and new models helped Chinese electric vehicle (EV) makers, including BYD and Nio, continue to grow sales in May even as the overall market for passenger cars...
HP reports sales that top estimates on first PC boost since 2022
HP REPORTED quarterly revenue that topped analysts’ estimates, including the first increase in personal computer (PC) sales in two years, an optimistic signal for a long-awaited rebound in the...
Australian pension funds eye niche private debt to boost returns
AUSTRALIA’S pension giants are looking to expand their private credit exposure to some nascent products, as the cash-flushed industry hunts for ways to diversify portfolios and boost returns. AMP,...
Japan’s Nikkei hits closing high as Nvidia earnings boost tech
Japan’s Nikkei share average rose on Thursday (May 23) to finish at more than a one-month closing high as technology stocks rallied after US peer Nvidia’s earnings delivered on...
LVMH deepens partnership with Alibaba to boost tech presence in China
FRENCH luxury group LVMH will deepen its partnership with Alibaba to leverage the firm’s cloud and artificial intelligence capacities and boost its presence in China, the companies said on...
China’s Xpeng forecasts rise in quarterly deliveries as promotions boost EV demand
CHINESE electric-vehicle maker Xpeng forecast a rise in second-quarter vehicle deliveries on Tuesday (May 21), saying it expects a boost to demand from lower prices and subsidies, sending its...
