Wall Street closed higher this week, buoyed by investor bets on an imminent Federal Reserve rate cut and strong second-quarter earnings expectations. The S&P 500 gained 0.9% for the week, the Nasdaq rose 0.2%, and …
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Lufthansa Cuts 2024 Profit Target Amidst Operational Struggles and Low Yields
German airline group Deutsche Lufthansa has slashed its 2024 earnings guidance, citing low yields in Asia and operational problems at home. The company now expects adjusted 2024 earnings before interest and taxes between €1.4 billion …
Continue readingTSMC Q2 Revenue Soars 32% on AI Boom
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, reported a significant revenue increase in the second quarter, driven by the booming demand for chips powering artificial intelligence (AI) applications. This growth far surpassed …
Continue readingAlibaba Leverages Generative AI to Power International E-Commerce Growth
Alibaba, the Chinese tech giant, is tapping into generative AI to give its international e-commerce businesses a boost. The company’s international unit is utilizing AI-powered tools to help cross-border merchants with translation, content creation, and …
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