Business

Samsung Electronics Q3 profit jumps 32% on conventional chip boom

Samsung Electronics Q3 profit jumps 32% on conventional chip boom

SEOUL (Reuters) -Samsung Electronics reported on Thursday a 32% rise in third-quarter operating profit, as the booming conventional chip market…

October 30, 2025

Dollar gains as Fed cut bets recede; yen on guard

By Rae Wee SINGAPORE (Reuters) -The dollar nudged higher on Thursday as traders scaled back bets of a U.S. rate…

October 30, 2025

Prudential Financial quarterly profit rises on underwriting business strength

(Reuters) -Prudential Financial reported a rise in third-quarter profit on Wednesday as it was helped by strong underwriting in its…

October 30, 2025

Australia's Pepper Money in talks to buy Westpac's mortgage broking portfolio

(Reuters) -Australian non-bank lender Pepper Money said on Thursday it is part of a consortium that is negotiating with major…

October 30, 2025

Microsoft's massive AI spending draws investor concerns as cloud business booms

By Aditya Soni and Deborah Mary Sophia (Reuters) -Microsoft's spending on artificial intelligence infrastructure soared to a record of nearly…

October 30, 2025

Mixed share reaction to megacap earnings burst, Meta droops

(Reuters) -Shares in three of the "Magnificent Seven" companies with significant investments in artificial intelligence were mixed in after-hours trade…

October 30, 2025

Starbucks sales rebound globally, coffee prices bite margins

By Juveria Tabassum and Waylon Cunningham (Reuters) -Starbucks posted on Wednesday its first quarter of gains in global comparable sales…

October 30, 2025

US company with access to biggest telecom firms uncovers breach by nation-state hackers

By AJ Vicens (Reuters) -Hackers working for an unnamed nation-state breached networks at Ribbon Communications, a key U.S. telecommunications services…

October 30, 2025

Australian grocer Coles posts 3.9% rise in first-quarter sales revenue

(Reuters) -Australia's Coles Group reported a 3.9% rise in first-quarter sales revenue on Thursday, driven by a double-digit growth in…

October 30, 2025

GM to cut EV, battery production and 1,200 jobs at Detroit plant

By David Shepardson and Nora Eckert DETROIT (Reuters) -General Motors said on Wednesday it will cut U.S. electric vehicle and…

October 30, 2025