Tech

Samsung cashes in on memory surge with a projected 3x profit boost

Samsung is poised to reap a massive windfall from the escalating demand for memory chips, projecting a near three-fold profit increase in the final quarter of 2025. The South Korean tech behemoth esti

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Google Founders Step Back From California
Business2d ago

Google Founders Step Back From California

Multiple news sources report that Google founders Larry Page and Sergey Brin are significantly reducing their ties to California, with both moving numerous business entities and personal investments to states like Nevada and Florida, potentially influenced by upcoming ballot measures. This marks a shift for the tech titans who built Google into a near $4 trillion company and helped establish Silicon Valley as the internet's global hub.

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UK Mortgage Market Poised for Boom as Rates Fall, Analysts Predict
Business2h ago

UK Mortgage Market Poised for Boom as Rates Fall, Analysts Predict

Analysts predict a "booming" UK mortgage market in 2026, fueled by increased competition among lenders and a surge in available mortgage products to an 18-year high. While mortgage rates have fallen since August 2023, when the average two-year fixed rate dipped below 5%, global economic uncertainty could still impact further improvements for borrowers, over 80% of whom have fixed-rate deals.

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RAM Boom: Samsung Profits Soar to Record Highs
Business3d ago

RAM Boom: Samsung Profits Soar to Record Highs

Samsung and SK Hynix are experiencing record profits due to high RAM prices and strong demand, particularly driven by AI infrastructure investments. Samsung forecasts approximately $13.8 billion in operating profit for Q4 2025, a significant increase from 2024, while SK Hynix reported a record $7.8 billion in operating profit for Q3 2025 with a 47% operating margin. These financial gains highlight the positive impact of memory market dynamics on leading manufacturers.

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Swiss Ski Bar Owner's Detention Extended After Deadly Fire
Business2h ago

Swiss Ski Bar Owner's Detention Extended After Deadly Fire

A Swiss judge extended the detention of Jacques Moretti, co-owner of Le Constellation bar in Crans-Montana, for 90 days due to flight risk concerns following a New Year's Eve fire that killed 40 and injured 116. Moretti and his wife face potential charges of manslaughter, bodily harm, and arson by negligence after sparklers allegedly ignited the blaze in the bar, which hadn't undergone safety checks in five years, raising questions about regulatory oversight and potential liabilities. The incident has shaken the popular ski resort, potentially impacting tourism and local businesses.

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US Eyes Indefinite Grip on Venezuelan Oil: Is It Feasible?
Business3d ago

US Eyes Indefinite Grip on Venezuelan Oil: Is It Feasible?

The U.S. government aims to control Venezuelan oil sales indefinitely, leveraging this control to influence political change in Venezuela, according to Energy Secretary Chris Wright. This announcement follows the abduction of Venezuelan leader Nicolas Maduro and a deal for Venezuela to turn over 30 to 50 million barrels of sanctioned oil to the U.S. for sale, prompting a meeting between President Trump and major oil company executives to discuss potential access for U.S. firms.

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Corporate Vets Squeeze Profits, Pet Owners Pay More: BBC
Business8h ago

Corporate Vets Squeeze Profits, Pet Owners Pay More: BBC

UK veterinary practices face scrutiny as a BBC report reveals corporate pressure on vets to boost revenue, contributing to a 63% price increase between 2016 and 2023. The Competition and Markets Authority is examining the £6.3 billion pet care market amid concerns that owners are being overcharged, with some reporting bills as high as £13,000 without a clear diagnosis. IVC Evidensia, the UK's largest vet care provider, denies prioritizing revenue over animal welfare despite implementing monitoring systems that could incentivize costly treatments.

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Weight-Loss Drugs Dent Greggs' Sales, CEO Admits
Business3d ago

Weight-Loss Drugs Dent Greggs' Sales, CEO Admits

Greggs acknowledges that the increasing popularity of weight-loss drugs is impacting its sales, as consumers opt for smaller portions and healthier, protein-rich options. This shift in consumer behavior, coupled with a broader health trend, contributed to the company's reported lacklustre profits and muted forecast for the coming year, prompting Greggs to adapt its menu with new product offerings. Tesco has also noted the trend toward healthier eating, with growth in fresh produce sales.

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Trump's $100B Venezuela Oil Push Faces Industry Doubts
Business2d ago

Trump's $100B Venezuela Oil Push Faces Industry Doubts

President Trump proposed a \$100 billion investment plan for U.S. and European oil giants in Venezuela, but executives, including Exxon Mobil's CEO Darren Woods, expressed reluctance due to past asset seizures and lack of investment protections, deeming the country "uninvestable." Despite Trump's dismissal of past losses, Exxon is considering sending an exploratory team if security guarantees are provided, while ConocoPhillips' \$12 billion claims remain unresolved, potentially impacting their financial write-offs.

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FTSE 100 Soars to Record High: Time to Invest?
Business14h ago

FTSE 100 Soars to Record High: Time to Invest?

The FTSE 100 index surpassed 10,000 points for the first time since its 1984 inception, marking a significant milestone after a 20% gain in 2025 and potentially incentivizing retail investment. While the rise signals long-term investment potential, concerns about stock overvaluation and current cost-of-living pressures raise questions about the suitability for new investors compared to safer cash savings options.

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Luminar Eyes $22M Quantum Computing Bid for Lidar Unit
Business2h ago

Luminar Eyes $22M Quantum Computing Bid for Lidar Unit

Luminar has agreed to sell its lidar business to Quantum Computing Inc. for $22 million, pending court approval and potentially higher bids by Monday's deadline, marking a significant drop from its peak valuation. This follows Luminar's previous agreement to sell its semiconductor subsidiary to Quantum Computing Inc. for $110 million, as the company navigates Chapter 11 bankruptcy and aims for a swift resolution with creditor support.

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Glencore, Rio Tinto in Merger Talks: A Mining Titan Could Emerge
Business2d ago

Glencore, Rio Tinto in Merger Talks: A Mining Titan Could Emerge

Glencore and Rio Tinto have resumed merger discussions, potentially creating a £150 billion ($201 billion) mining behemoth amid rising demand for copper and other metals. Rio Tinto, with roughly double Glencore's market capitalization, is likely to acquire its rival in an all-stock transaction, driving further consolidation in the mining sector. This move follows other major deals and bids in the industry, fueled by record copper prices and strategic positioning for clean energy and technology demands.

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Powell Probe Rattles Markets; Gold Surges on Fed Independence Fears
Business14h ago

Powell Probe Rattles Markets; Gold Surges on Fed Independence Fears

Stock futures declined Sunday night, with Nasdaq 100 futures leading the drop at -0.8%, after news broke of an investigation into Fed Chair Powell's testimony, raising concerns about the Fed's independence. Investors shifted to safe-haven assets, driving gold futures up 1.7% to $4,578 an ounce and silver up over 4%, while the U.S. dollar weakened amid renewed political and monetary uncertainty.

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Luminar Eyes $22M Quantum Computing Bid for Lidar Unit
Business2h ago

Luminar Eyes $22M Quantum Computing Bid for Lidar Unit

Luminar has agreed to sell its lidar business to Quantum Computing Inc. for $22 million, pending court approval and potentially higher bids, marking a significant decline from its peak valuation. This follows Luminar's previous agreement to sell its semiconductor subsidiary to Quantum Computing Inc. for $110 million, as the company navigates Chapter 11 bankruptcy with financial backing from its creditors.

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Saks Crisis: How Mismanagement Imperiled a Luxury Icon
Business1d ago

Saks Crisis: How Mismanagement Imperiled a Luxury Icon

Saks Global, parent company to Saks Fifth Avenue and Neiman Marcus, is reportedly preparing to file for bankruptcy amidst worsening financial struggles since its $2.7 billion acquisition of Neiman Marcus in 2024. Inventory shortages and customer dissatisfaction are impacting the retailer, raising concerns among shoppers, vendors, and investors about the future of the luxury department store chain.

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