SEOUL (Reuters) – LG Electronics Inc’s operating profit likely fell by a smaller-than-expected 19 percent in the first quarter, even as losses in its mobile business and rising competition in the television segment pushed its revenue down to below consensus. Shares of the South Korean firm trimmed earlier gains after the news and turned down […]
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday it was heading for its lowest quarterly profit in more than two years as a glut in memory chips, slowing panel sales and rising competition in smartphones hit margins. The South Korean tech giant said first-quarter operating profit likely slid 60 percent from a year […]
Shares in Independent News & Media (INM) rose 30.5pc – to 9.5c each – yesterday after it announced an approach from a potential buyer. The company told the stock market that it had “received an approach in relation to a possible offer for the company”. “Discussions are at a preliminary stage and there is no […]
Last September, a group of academics and activists gathered at Princeton University to discuss the limits of artificial intelligence in public policy. The longest debate concerned some of the most sensitive decisions in the justice system, like whether to release a person on bail or parole. Many in attendance were queasy about using algorithms to […]
NEW YORK (Reuters) – Global stocks held near the unchanged mark on Thursday, as investors looked for more detailed signs of progress in U.S.-China trade talks while disappointing economic data out of Germany knocked the euro. Mixed reports about progress on a trade deal left investors cautious about taking on more risk after a five-day […]
WASHINGTON — President Trump is considering nominating Herman Cain, who abandoned his 2012 presidential bid in the face of escalating accusations of sexual misconduct, for a seat on the Federal Reserve Board, according to two people familiar with the matter. Mr. Trump has been considering tapping Mr. Cain, the former chief executive of Godfather’s Pizza, […]
Wendy MacNaughton is a graphic journalist based in San Francisco. You can find her via website and Instagram. Source: Read Full Article
NEW YORK (Reuters) – Tesla Inc Chief Executive Elon Musk should be subjected to greater oversight and the potential for additional fines if he is held in contempt for violating his recent fraud settlement with the U.S. Securities and Exchange Commission, a lawyer for the regulator said at a Thursday court hearing. But the lawyer, […]
WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits fell to a more than 49-year low last week, pointing to sustained labor market strength despite slowing economic growth. Other data on Thursday showed U.S.-based companies announced fewer layoffs in March, but job cuts for the first quarter were the highest since 2015. […]
NEW YORK (Reuters) – Tesla Inc Chief Elon Musk is a prolific tweeter, and on Thursday, a judge will decide whether a Feb. 19 tweet Musk sent violated a 2018 fraud settlement with the U.S. Securities and Exchange Commission. The SEC has said that Musk used Twitter to update investors on Tesla’s production outlook without […]