On the same day the world’s largest company issues its biggest disappointment in years, US President Donald Trump, does an about-face on China.
Browsing: Investment
Naspers soared the most in close on four years Wednesday as investors got two pieces of good news.
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.
Investors hoping for a reprieve from the worst month for technology stocks in a decade were greeted with more selling on Monday.
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.
MTN Group has boosted sales ahead of targets in the third quarter, showing its ability to grow the business even with a major regulatory spat that’s rocked shares of Africa’s largest wireless carrier.
Qualcomm says its fight with Apple over how much the chip maker can charge for essential patented technology used in iPhones and iPads is getting pricey.
Naspers said on Friday that it will invest R1.4-billion to help South African technology entrepreneurs grow their start-ups and will invest R4.6-billion over the next three years in the local technology sector.