AMD reports better-than-expected results even as PC market shows continued weakness
AMD reported an 18% decline in year-over-year revenue in the second quarter and issued a sales forecast that trailed analysts’ estimates.
Financial News
Chinese are forking out more money for smartphones despite wider slowdown — that’s good news for Apple
The average selling price of smartphones in China is on the rise even as the overall market declines. This is positive for sales of Apple’s expensive iPhones.
Southeast Asia moves closer to economic unity with new regional payments system
The scheme is aimed to support cross-border economic activities in the goal of implementing an inclusive financial ecosystem around the region.
The Bank of Japan just shocked markets with a policy tweak — here’s why it matters
The Bank of Japan loosened its yield curve control in an unexpected move with ramifications across global financial markets.
Google, Microsoft, and Meta can’t stop talking about A.I. — here’s why Apple rarely mentions it
Apple’s AI works in the background. And the company doesn’t yell about it the way some of the other companies do. It doesn’t need to.
Intel jumps 7% as it returns to profitability after two quarters of losses
Intel management has told investors that the company’s turnaround will take time, and that it is aiming to match TSMC’s chip-manufacturing prowess by 2026.
Meta reports better-than-expected results and issues optimistic guidance for third quarter
Meta said revenue in the quarter increased 11% as the company returned to double-digit growth for the first time since late 2021.
Musk risks even more damage to Twitter’s business as the messaging app changes name to X
Elon Musk’s rebranding of Twitter to X in pursuit of becoming a super app leaves the already vulnerable business at risk of further deterioration.
Spain’s right-wing parties could win a parliamentary majority, exit polls show after key election
In the absence of a clear majority, the focus is now heavily on who will be the third largest political force emerging from Sunday’s election.
Oil markets will face ‘serious problems’ as demand from China and India ramps up, IEF secretary general says
Oil prices are set to rise in the second half of the year, as supply struggles to meet demand, according to an International Energy Forum official.