Naspers soared the most in close on four years Wednesday as investors got two pieces of good news.
Author Agency Staff
Samsung Electronics has posted quarterly profit that topped analyst estimates on growth in its memory chip business, but signalled caution in semiconductors by announcing a cut in capital spending for the year.
Facebook CEO Mark Zuckerberg is betting the company’s future on video and disappearing posts called “stories”, not the company’s famous news feed. Investors are buying into the vision for now.
It wasn’t a dream or an exaggeration by cautious Facebook executives. The company’s financial results are weakening, just as executives warned they would a few months ago.
Apple is giving its iPad the most extensive upgrade since 2015, the latest effort to revive a product that has suffered falling sales in recent years.
Apple has overhauled two of its oldest Macs after sales of the company’s personal computers fell to the lowest point since 2010 last quarter.
Zimbabwe expects to raise $700-million a year from a new tax on money transfers that triggered panic buying of goods from fuel to sugar and sent its quasi-currency plunging.
Investors hoping for a reprieve from the worst month for technology stocks in a decade were greeted with more selling on Monday.
Sony has upgraded its earnings outlook for a second straight quarter, thanks to a plethora of hit videogame titles that are boosting the PlayStation business.
Bharti Airtel, India’s second biggest wireless carrier, is delaying a planned initial public offering of its Africa unit due to the turmoil in emerging-market stocks, people with knowledge of the matter said.