Navitas Semiconductor Corp (NASDAQ: NVTS) opened more than 20% down on Tuesday after reporting disappointing earnings for its fiscal second quarter.While the company based out of Torrance, California has made significant strides in gallium nitride (GaN) and silicon carbide (SiC) technologies – there are several reasons, even other than its…
Swiss exporters are bracing for the possibility of 39% US tariffs set to take effect Thursday, one of the highest rates applied to any country under Washington’s “reciprocal tariff” policy. The announcement last week surprised politicians, analysts, and businesses who had anticipated a deal similar to the European Union’s 15%…
Sirius XM Holdings Inc (NASDAQ: SIRI) is in focus this morning following news that Berkshire Hathaway Inc (NYSE: BRK.B) has significantly increased its stake in the radio satellite company in recent sessions.As SIRI shares fell on disappointing earnings last Thursday, influential investor Warren Buffett’s conglomerate scooped up five million shares…
OpenAI just did something it hasn’t done in years: it released open-source language models.The last time this happened was with GPT-2 back in 2019. Now, we’ve got two new ones: gpt-oss-120b and gpt-oss-20b.What’s different this time? They’re being released under the Apache 2.0 license, which basically means anyone can use,…
The arrival of generative artificial intelligence is already leaving its mark on the American labor market, with early signs of disruption appearing in employment data, according to a senior Goldman Sachs economist. While large-scale AI deployment across industries is still in its early stages, hiring patterns—particularly in the technology sector—are…
Asia-Pacific stock markets began Wednesday’s session with a mixed and cautious performance, as investors grappled with weaker-than-expected US economic data and a fresh tariff threat from US President Donald Trump, this time targeting the crucial semiconductor sector. While Australian equities managed to hit a new record high, the overall mood…
A flurry of Indian companies is making a last-minute dash to the public markets, aiming to attract global investors in a rush of Initial Public Offerings (IPOs) before a key regulatory deadline. This surge in activity highlights both the strong underlying appetite for Indian equities and a growing sense of…
European stock markets began Wednesday’s session on a positive note, with major indices rising as investors reacted to a fresh batch of corporate earnings reports. While concerns about the UK’s fiscal health are simmering in the background, the broader market mood appears to be upbeat, with construction and industrial stocks…
Glencore has ruled out a shift of its primary listing to the United States, reaffirming its commitment to the London Stock Exchange despite the market’s recent struggles to retain large multinational firms. The Swiss-based commodities trader and miner made the announcement on Wednesday, alongside results showing a deepening of net…
By Sarthak GoswamiIndia’s gig economy has become a major job engine, driven by soaring demand for ultra-fast deliveries. The number of gig workers reached 12 million in FY 2024–25, up from 7.7 million in 2020–21, and could rise to 23.5 million by 2029–30, making up nearly 7% of the non-agricultural…