Taipei, Taiwan, Sept. 20, 2023 (GLOBE NEWSWIRE) — Alchip Technologies’ Q2 2023 financial results set quarterly revenue, gross profits, and net income records for the company. Second quarter 2023 revenue notched a record $258.5 million, up more than 155 percent from Q2 2022 revenue of $101.1 million, and up 37.5 percent over Q1 2023 revenue … Read more
Key Takeaways: Fourth Paradigm’s IPO application has been accepted by the Hong Kong Stock Exchange, as it targets up to HK$1.15 billion in fundraising The AI company lost 291 million yuan on 644 million yuan in revenue in this year’s first quarter By Lau Chi Hang With artificial intelligence (AI) all the rage these … Read more
Chevron Corp’s CVX Wheatstone liquefied natural gas (LNG) facility in Western Australia has resumed full production, which was previously affected by a fault last week, resulting in a roughly 20% reduction in production. Wheatstone, in conjunction with the nearby Gorgon facility, collectively contributes to around 7% of the global LNG supply. Chevron emphasized that the fault and … Read more
The United Auto Workers (UAW) strike has led to the temporary layoffs of non-striking employees at both Ford Motor Co. F and General Motors Co. GM. UAW president, Shawn Fain, dismissed the automakers’ plans for layoffs stating, “Their plan won’t work.” According to an ABC News report on Saturday, the UAW, representing around 150,000 autoworkers, initiated … Read more
Shiba Inu SHIB/USD burn rate has spiked over 350% in the last 24 hours. This surge came after Kaal Dhairya, a prominent SHIB developer, shared details of the team’s intentions to renounce the BONE BONE/USD contract. What Happened: Data from Shibburn, a platform that tracks the burning of SHIB tokens, indicates that a staggering 142 … Read more
Amazon’s stock has surged by 69% this year, making reaching the $150 milestone seem easily achievable. Amazon.com, Inc. AMZN, the dominant force in e-commerce, has experienced remarkable growth throughout the year. In January, the stock price remained slightly above $80, a crucial level of support that was also seen to act as support … Read more
Canopy Growth Corporation WEED CGC announced on Thursday that it’s no longer funding BioSteel Sports Nutrition Inc. The Ontario-based cannabis giant said BioSteel has “commenced proceedings under the Canopy’ Creditors Arrangement Act in the Ontario Superior Court of Justice and will seek recognition of that proceeding under Chapter 15 of the United States Bankruptcy Code to … Read more
In the current market session, Boston Scientific Inc. BSX stock price is at $53.24, after a 0.34% decrease. However, over the past month, the company’s stock spiked by 3.47%, and in the past year, by 26.17%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up … Read more
Listed Funds Trust Roundhill Cannabis ETF WEED shares are trading higher Tuesday amid continued momentum in the cannabis sector related to recent developments in the U.S. efforts to reschedule marijuana. What To Know: The broader cannabis sector has been moving higher since Aug. 31 when it was reported that the Department of Health and Human … Read more
The upcoming second GOP presidential primary debate is looming, and all eyes are on former President Donald Trump. His current position at the top of the polls is triggering speculation about his participation in the event. What Happened: The Hill reports that Trump’s allies suggest that he may not attend the debate, which is set for September 27 at the … Read more