Business news
- Chip stocks rally after bumper earnings and a report of a game-changing China approval for Nvidia - Reuters reported that China has approved sales of Nvidia's H200, sending the AI chip giant's shares higher in premarket trade.
- Amazon laying off about 16,000 corporate workers in latest anti-bureaucracy push - Amazon laid off 14,000 corporate staff in October.
- Greenland will not give in, PM says, as Denmark warns world order as we know it is over - Greenland Prime Minister Jens-Frederik Nielsen on Wednesday issued a defiant message on the Arctic island's future.
- Autonomous trucking startup Waabi raises $750 million to expand into robotaxis - Khosla Ventures, G2 Venture Partners, Uber, Nvidia and Volvo are all investing in Toronto-based, driverless tech startup Waabi.
- LVMH shares plummet 7% as fourth-quarter results lag competitors - LVMH shares plummeted Wednesday after the French luxury conglomerate reported mixed full-year earnings late Tuesday.
- South Korea's SK Hynix to establish a special ‘AI Company’ in the U.S. - SK Hynix will set up a new U.S.-based company focused on artificial intelligence solutions, with $10 billion committed to the project.
- SK Hynix smashes earnings estimates as AI memory demand drives record profit - South Korea's SK Hynix on Wednesday posted record quarterly revenue and profit, to beat estimates.
- Chip giant ASML posts record orders and upbeat 2026 guidance as AI boom continues - ASML is experiencing several tailwinds including an expectation of increased chipmaking capacity and continued demand for AI semiconductors.
- Mining stocks have been on a tear, with gold passing $5,000. Analysts are split on what's next - Appetite for mining stocks has cooled over the past six months, according to a Citi note.
- Airbus, AstraZeneca and HSBC executives join UK's Starmer on high-stakes China trip - Executives from Airbus, AstraZeneca and HSBC are joining Prime Minister Keir Starmer on a rare China visit, highlighting the business focus of the trip amid strained global trade relations.