In this article 1810-HK Follow your favorite stocks CREATE FREE ACCOUNT The Xiaomi 17 Pro Max rear display flagship smartphone by Xiaomi displayed at Mobile World Congress in Barcelona, Spain, on March 3, 2026. Joan Cros | Nurphoto | Getty Images BARCELONA — Xiaomi plans to launch a new smartphone processor chip every year, the company's President Lu Weibing told CNBC, underscoring the company's a...
In this article 1810-HK Follow your favorite stocks CREATE FREE ACCOUNT The Xiaomi 17 Pro Max rear display flagship smartphone by Xiaomi displayed at Mobile World Congress in Barcelona, Spain, on March 3, 2026. Joan Cros | Nurphoto | Getty Images BARCELONA — Xiaomi plans to launch a new smartphone processor chip every year, the company's President Lu Weibing told CNBC, underscoring the company's ambition to expand into more sophisticated areas of technology. In a wide-ranging interview on Tuesday, Lu also said that Xiaomi is gearing up to launch its own AI assistant for overseas markets. Last year, Xiaomi launched the XRing O1 , a system-on-chip (SoC) based on an advanced 3 nanometer manufacturing process. Few smartphone makers design their own SoCs, which power the devices they are built into. Apple has the A series of chips, while Samsung has the Exynos brand. Other smartphone makers rely on SoCs from companies like Qualcomm and MediaTek . "This is our first chip product. Going forward, we should most likely release a yearly upgrade," Lu told CNBC on the sidelines at the Mobile World Congress trade show in Barcelona. watch now VIDEO 5:49 05:49 Xiaomi President: Humanoid robots being used in our car factories Squawk Box Europe A yearly upgrade to the SoC is a big undertaking that keeps pace with Apple, which has typically released a new A chip yearly. Lu said that the chip will debut in a device that will be launched this year in China, and will eventually feature in the phones the company sells overseas. Lu's comments differ from Xiaomi Vice President Xu Fei's words in September, when he told CNBC that the company couldn't promise to release a new one each year. A custom SoC would allow Xiaomi to tightly integrate its hardware with its software to differentiate from competitors' products. Xiaomi has developed its own mobile operating system based on Android called HyperOS. International AI assistant In China, Xiaomi's devices have an AI assistant called Xiao AI, b...
March 4, 2026, 4:57 a.m. CT There are six locations in Mississippi where data centers, large and small, are being built. Here is a list. In March of 2026, it was announced that an undisclosed company will be investing $750 million in a data center in Clinton in a building already in place. Elon Musk's xAI announced in January 2026 a $20 billion data center in Southaven, the largest investment in t...
March 4, 2026, 4:57 a.m. CT There are six locations in Mississippi where data centers, large and small, are being built. Here is a list. In March of 2026, it was announced that an undisclosed company will be investing $750 million in a data center in Clinton in a building already in place. Elon Musk's xAI announced in January 2026 a $20 billion data center in Southaven, the largest investment in the state so far. Amazon announced its second data center in Mississippi in November 2025, promising at least a $3 billion investment in Warren County. AVAIO Digital announced in August 2025 that it would build a $6 billion sustainable data center in Brandon.
wavemovies/iStock Editorial via Getty Images Shares of Wix.com ( WIX ) jumped about 9% premarket on Wednesday despite mixed fourth quarter results. The company also announced a $250M equity investment led by Durable Capital Partners. Q4 Metrics The Israel-based web development company's third quarter non-GAAP EPS fell about 6% year-over-year to $1.81 but beat analysts' estimates. Meanwhile, revenu...
wavemovies/iStock Editorial via Getty Images Shares of Wix.com ( WIX ) jumped about 9% premarket on Wednesday despite mixed fourth quarter results. The company also announced a $250M equity investment led by Durable Capital Partners. Q4 Metrics The Israel-based web development company's third quarter non-GAAP EPS fell about 6% year-over-year to $1.81 but beat analysts' estimates. Meanwhile, revenue jumped 14% year-over-year to $524.3M but missed analysts' expectations. "Early Wix Harmony performance is better-than-expected, with improved conversion and monetization. In tandem, Base44 recently reached $100 million in ARR, just one year after its founding and 9 months after our acquisition. Together, Wix Harmony and Base44 open up the world of what’s possible on Wix, with Base44 significantly expanding our TAM to include software applications," said Wix's Co-founder and CEO Avishai Abrahami. The company's total bookings in the fourth quarter of 2025 grew 15% year-over-year to $534.5M. Creative Subscriptions revenue climbed 12% year-over-year to $370.4M, while Business Solutions revenue surged 18% year-over-year to $153.8M. Partners revenue soared 21% year-over-year to $203.2M. In the fourth quarter, Wix bought back about 750K of its ordinary shares worth around $100M at an average price per share of $133.56. The company plans to complete a majority of its $2B share repurchase program in 2026. Outlook For the full year 2026, Wix expects both bookings and revenue for the consolidated business to grow at a mid-teens percentage on a year-over-year basis. The full-year 2026 consensus revenue growth estimate is 14.21% year-over-year. For the first quarter of 2026, Wix expects revenue for the consolidated business to grow at a mid-teens percentage on a year-over-year basis. The first quarter consensus revenue growth estimate is 14.55% year-over-year. For the full year 2026, Wix expects free cash flow, or FCF, margin, assuming current capital structure and excluding acquisiti...
Song Ping, a veteran Chinese revolutionary who lived through five generations of Communist Party leaders, has died at the age of 108. He died at 3.36pm in Beijing on Wednesday, state news agency Xinhua reported. Song’s career began in the 1930s before the founding of the People’s Republic including a spell as political secretary to the future premier Zhou Enlai. Advertisement Song held many import...
Song Ping, a veteran Chinese revolutionary who lived through five generations of Communist Party leaders, has died at the age of 108. He died at 3.36pm in Beijing on Wednesday, state news agency Xinhua reported. Song’s career began in the 1930s before the founding of the People’s Republic including a spell as political secretary to the future premier Zhou Enlai. Advertisement Song held many important positions during the following decades and his career peaked when he became a member of the Politburo Standing Committee, the top decision-making body, in 1989. He retired in 1992 at the age of 75. Born in April 1917 in Ju county, Shandong province, Song joined the Communist Party at the age of 19 in 1937. Advertisement He was a graduate of the National Southwestern Associated University, a wartime university formed by merging students from various institutions. In 1938, he arrived at Yanan, where the party had set up its base after the Long March, and became acquainted with party heavyweight Chen Yun, who later became his political mentor.
Middle Eastern exhibitors at the Hong Kong International Jewellery Show expect poorer business due to disruptions brought on by the US-Israel war against Iran , while organisers have reported “a small number” of participants being affected by flight cancellations and delays. The event, which opened on Wednesday at the Hong Kong Convention and Exhibition Centre, is being held alongside the Hong Kon...
Middle Eastern exhibitors at the Hong Kong International Jewellery Show expect poorer business due to disruptions brought on by the US-Israel war against Iran , while organisers have reported “a small number” of participants being affected by flight cancellations and delays. The event, which opened on Wednesday at the Hong Kong Convention and Exhibition Centre, is being held alongside the Hong Kong International Diamond, Gem & Pearl Show at AsiaWorld-Expo. The two shows feature about 4,000 exhibitors from over 40 countries and regions. The shows were launched just days after US-Israel strikes on Iran killed supreme leader Ayatollah Ali Khamenei , his wife and other senior officials, and prompted retaliatory attacks across the Middle East. Advertisement Among the exhibitors at the jewellery show was Paritosh Doshi, chief operating officer of United Arab Emirates-based wholesaler Lumex, who predicted that sales for his business at the show would drop by at least 25 per cent. “I am sure there will be fewer people visiting because Israel is shut too, so none of the Israelis will come in either,” he said. “None of the people from the United Arab Emirates and around it will be here, so I think the show will be slow because of that.” Advertisement Doshi explained that he and his wife had to fly to Hong Kong from India, where they are based, to attend the event, as the firm’s original plan to have a team from the UAE run its booth had fallen apart due to flight disruptions caused by the war. Beyond the show, he added that Lumex’s imports into Dubai and its shipments to clients had also been placed on hold.
Portuguese utility EDP CEO Miguel Stilwell de Andrade joins Bloomberg TV to discuss how the war in the Middle East is boosting demand for renewables, as countries and businesses seek to diversify their sources of energy and shield themselves from external shocks. Stilwell de Andrade speaks with Bloomberg's Lizzy Burden, Tom Mackenzie and Anna Edwards on The Opening Trade. (Source: Bloomberg)
Portuguese utility EDP CEO Miguel Stilwell de Andrade joins Bloomberg TV to discuss how the war in the Middle East is boosting demand for renewables, as countries and businesses seek to diversify their sources of energy and shield themselves from external shocks. Stilwell de Andrade speaks with Bloomberg's Lizzy Burden, Tom Mackenzie and Anna Edwards on The Opening Trade. (Source: Bloomberg)
Unemployment in the euro area unexpectedly dropped to a record low as economic expansion outpaces forecasts. The jobless rate in the 21-member bloc fell to 6.1% in January from 6.2% December, Eurostat said Wednesday. Analysts had estimated it would remain unchanged. The euro zone’s economy expanded more than anticipated at the end of 2025, driven by a strong performance by Spain and a return to gr...
Unemployment in the euro area unexpectedly dropped to a record low as economic expansion outpaces forecasts. The jobless rate in the 21-member bloc fell to 6.1% in January from 6.2% December, Eurostat said Wednesday. Analysts had estimated it would remain unchanged. The euro zone’s economy expanded more than anticipated at the end of 2025, driven by a strong performance by Spain and a return to growth in Germany. Inflation that’s been brought back to about 2% and stable interest rates are also helping. But while the region had been looking forward to another moderate increase in output this year, the outlook has become more uncertain of late. In particular, the US tariff situation is in flux , the Iran war is pushing up energy prices and Donald Trump has taken aim at Spain. Another big threat to jobs in Europe is artificial intelligence, though a blog published Wednesday by the European Central Bank suggests there have been no losses yet from firms using the technology. Euro-Zone Inflation Unexpectedly Rises as Iran Risks Swirl AI Use Hasn’t Cost Jobs at European Firms Yet, ECB Blog Says Spain’s Economy Minister Says No Changes to US Trade Relations
Three athletes who were led off course when leading the US half marathon championship will receive compensation after ultimately finishing well outside the top three. Organisers of the event in Atlanta said that police assigned to mark out the route had to respond to an emergency call, which led to confusion from the lead vehicle. Jess McClain, who was comfortably leading the women's race, was tak...
Three athletes who were led off course when leading the US half marathon championship will receive compensation after ultimately finishing well outside the top three. Organisers of the event in Atlanta said that police assigned to mark out the route had to respond to an emergency call, which led to confusion from the lead vehicle. Jess McClain, who was comfortably leading the women's race, was taken off the main course, along with her closest challengers Ednah Kurgat and Emma Hurley. The race was won by Molly Born, who had been more than a minute behind, while McClain finished ninth, with Hurley coming 12th and Kurgat in 13th. The Atlanta Track Club said on Tuesday it will award first-place prize money to McClain while Hurley and Kurgat will split the combined winnings for second and third place as they were shoulder-to-shoulder when they left the route. "We are responsible for the integrity of these championships," the club said in a statement. "We regret that Jess McClain, Emma Grace Hurley and Ednah Kurgat were impacted by this incident and were unable to be recognised as the top three finishers reflective of their performance on the course." Organisers said race-assigned police personnel responded to an "officer down" call and replacement officers were unfamiliar with the race's "unusual route" over a footbridge not normally used by cars. The lead vehicle's driver then followed a police motorcycle, believing that the race was being rerouted. USA Track & Field (USATF) had denied an appeal, despite acknowledging the course was inadequately marked., external The race served as a qualifier for the World Road Running Championships in September but USATF has said that selection remains open.
Interchange Capital Partners LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 25.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,538 shares of the social networking company's stock after acquiring an additional 1,748 shares during the quarter. Meta Platforms accounts for...
Interchange Capital Partners LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 25.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,538 shares of the social networking company's stock after acquiring an additional 1,748 shares during the quarter. Meta Platforms accounts for 1.2% of Interchange Capital Partners LLC's portfolio, making the stock its 16th largest position. Interchange Capital Partners LLC's holdings in Meta Platforms were worth $6,269,000 as of its most recent SEC filing. A number of other institutional investors also recently added to or reduced their stakes in META. Westchester Capital Management Inc. bought a new stake in shares of Meta Platforms in the 3rd quarter worth $26,000. Bare Financial Services Inc acquired a new position in Meta Platforms during the second quarter worth about $30,000. Knuff & Co LLC bought a new stake in Meta Platforms in the second quarter worth about $44,000. Spurstone Advisory Services LLC acquired a new stake in Meta Platforms in the 2nd quarter valued at about $59,000. Finally, Evergreen Private Wealth LLC boosted its position in shares of Meta Platforms by 64.8% during the 3rd quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company's stock valued at $65,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock. Get Meta Platforms alerts: Sign Up More Meta Platforms News Here are the key news stories impacting Meta Platforms this week: Positive Sentiment: Multiyear content-licensing agreement with News Corp provides paid training data and retrieval content for Meta’s AI tools, likely supporting AI product quality and potential revenue/licensing synergies. News Corp licensing deal Multiyear content-licensing agreement with News Corp provides paid training data and retrieval content...
(RTTNews) - MDA Space Ltd. (MDA.TO) revealed earnings for its full year that Increases, from the same period last year The company's earnings totaled C$108.5 million, or C$0.84 per share. This compares with C$79.4 million, or C$0.63 per share, last year. Excluding items, MDA Space Ltd. reported adjusted earnings of C$189.9 million or C$1.46 per share for the period. The company's revenue for the p...
(RTTNews) - MDA Space Ltd. (MDA.TO) revealed earnings for its full year that Increases, from the same period last year The company's earnings totaled C$108.5 million, or C$0.84 per share. This compares with C$79.4 million, or C$0.63 per share, last year. Excluding items, MDA Space Ltd. reported adjusted earnings of C$189.9 million or C$1.46 per share for the period. The company's revenue for the period rose 51.2% to C$1.633 billion from C$1.080 billion last year. MDA Space Ltd. earnings at a glance (GAAP) : -Earnings: C$108.5 Mln. vs. C$79.4 Mln. last year. -EPS: C$0.84 vs. C$0.63 last year. -Revenue: C$1.633 Bln vs. C$1.080 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.