China is facing more torrential rain and flooding this weekend from a massive typhoon tracking toward the country’s east coast, following recent severe storms that led to deaths and crop damage. (Source: Bloomberg)
China is facing more torrential rain and flooding this weekend from a massive typhoon tracking toward the country’s east coast, following recent severe storms that led to deaths and crop damage. (Source: Bloomberg)
Google has challenged an Indian court ruling that it infringed on a company's trademark rights by allowing rivals to use its name as an advertising keyword, arguing the decision will hurt consumers, documents reviewed by Reuters show. The May decision could reshape the online ads market in a country where Google last year earned $4.1 billion in gross advertising revenue but where it is also faci...
Google has challenged an Indian court ruling that it infringed on a company's trademark rights by allowing rivals to use its name as an advertising keyword, arguing the decision will hurt consumers, documents reviewed by Reuters show. The May decision could reshape the online ads market in a country where Google last year earned $4.1 billion in gross advertising revenue but where it is also facing a raft of antitrust cases and court battles. To ensure their ads are promoted by Google and target the right customers, companies bid on keywords that online consumers type into the search engine.
Micron Technology Inc. and its South Korean peers face an intractable problem. With data centers for artificial intelligence gobbling up supplies of their memory chips, there aren’t enough to go around. This scarcity is forcing up memory prices and making Micron, SK Hynix Inc. and Samsung Electronics Co. astonishingly profitable. But customers are unhappy, governments could intervene and shortages...
Micron Technology Inc. and its South Korean peers face an intractable problem. With data centers for artificial intelligence gobbling up supplies of their memory chips, there aren’t enough to go around. This scarcity is forcing up memory prices and making Micron, SK Hynix Inc. and Samsung Electronics Co. astonishingly profitable. But customers are unhappy, governments could intervene and shortages may open the door to Chinese rivals. As recently as 2023 memory manufacturers were suffering huge losses as demand and selling prices collapsed. This is still a cyclical industry but I think the bigger risk right now is this trio of companies being viewed as making too much money, rather than too little. While their shares are well below this year’s record peak, their valuations have each surpassed $1 trillion. In aggregate they’ll generate $1.4 trillion of free cash flow in the next three years, if analyst estimates compiled by Bloomberg prove correct. Adding together Micron's 2026-2028 fiscal years and the others' calendar years. Micron’s fiscal 2026 net profit, estimated at about $83 billion, would far exceed the company’s combined profits in the past three and half decades. Micron was founded in 1978 but I could only analyze earnings going back to 1989 Its 80% operating margins are now the highest among large tech companies. Defined here as technology companies with more than $5 billion of revenue. Doesn't include SoftBank Group Corp. It’s the consequence of rampant hunger for dynamic random-access memory, an indispensable component of computer servers and consumer electronics, as well as medical technology and cars. The big three control 90% of the DRAM market and effectively all of high-bandwidth memory, a specialized form of DRAM needed for advanced AI chips. Along with being far pricier, HBM consumes more wafer capacity, so conventional memory supplies are being squeezed. Building a new chip factory takes at least a couple of years, so shortages will likely persist...
Micron Technology Inc. and its South Korean peers face an intractable problem. With data centers for artificial intelligence gobbling up supplies of their memory chips, there aren’t enough to go around. This scarcity is forcing up memory prices and making Micron, SK Hynix Inc. and Samsung Electronics Co. astonishingly profitable. But customers are unhappy, governments could intervene and shortages...
Micron Technology Inc. and its South Korean peers face an intractable problem. With data centers for artificial intelligence gobbling up supplies of their memory chips, there aren’t enough to go around. This scarcity is forcing up memory prices and making Micron, SK Hynix Inc. and Samsung Electronics Co. astonishingly profitable. But customers are unhappy, governments could intervene and shortages may open the door to Chinese rivals. As recently as 2023 memory manufacturers were suffering huge losses as demand and selling prices collapsed. This is still a cyclical industry but I think the bigger risk right now is this trio of companies being viewed as making too much money, rather than too little. While their shares are well below this year’s record peak, their valuations have each surpassed $1 trillion. In aggregate they’ll generate $1.4 trillion of free cash flow in the next three years, if analyst estimates compiled by Bloomberg prove correct. Adding together Micron's 2026-2028 fiscal years and the others' calendar years. Micron’s fiscal 2026 net profit, estimated at about $83 billion, would far exceed the company’s combined profits in the past three and half decades. Micron was founded in 1978 but I could only analyze earnings going back to 1989 Its 80% operating margins are now the highest among large tech companies. Defined here as technology companies with more than $5 billion of revenue. Doesn't include SoftBank Group Corp. It’s the consequence of rampant hunger for dynamic random-access memory, an indispensable component of computer servers and consumer electronics, as well as medical technology and cars. The big three control 90% of the DRAM market and effectively all of high-bandwidth memory, a specialized form of DRAM needed for advanced AI chips. Along with being far pricier, HBM consumes more wafer capacity, so conventional memory supplies are being squeezed. Building a new chip factory takes at least a couple of years, so shortages will likely persist...
Constellation Brands beat revenue but missed EPS estimates in fiscal Q1 2027, raised its full-year outlook, and continues trading near multi-year lows despite beer growth and shareholder returns.
Constellation Brands beat revenue but missed EPS estimates in fiscal Q1 2027, raised its full-year outlook, and continues trading near multi-year lows despite beer growth and shareholder returns.
Tata Consultancy Services Ltd. reported quarterly earnings that met analysts’ estimates after a string of cost-cutting efforts and data center deals helped Asia’s largest outsourcer weather a slump in the sector. Net income rose 4.6% to 133.5 billion rupees ($1.4 billion) in the June quarter, the company said in a statement Thursday, meeting the average analyst estimate of 134.5 billion rupees. Sa...
Tata Consultancy Services Ltd. reported quarterly earnings that met analysts’ estimates after a string of cost-cutting efforts and data center deals helped Asia’s largest outsourcer weather a slump in the sector. Net income rose 4.6% to 133.5 billion rupees ($1.4 billion) in the June quarter, the company said in a statement Thursday, meeting the average analyst estimate of 134.5 billion rupees. Sales rose 14% to 722.75 billion rupees, helped by a decline in the Indian rupee versus the dollar and the euro. TCS and other Indian IT services exporters such as Infosys Ltd. are limiting spending and curbing headcount as demand for major software projects declines. Corporate customers, especially in the crucial US market, are delaying large tech outlays at a time of elevated interest rates, uncertainty around President Donald Trump ’s tariffs and military conflict in the Middle East. The AI boom poses a major threat to India’s $280 billion software services industry, which has thrived for decades on labor arbitrage and transformed the country into the world’s back office. With AI tools from OpenAI and Anthropic PBC already driving clients away, TCS’s past formula for success — hiring armies of graduates to write code for clients such as Apple Inc. , Boeing Co. and Bank of America Corp . — appears to have been upended. Shares of TCS have lost more than 35% this year as investors have assessed its strategy to deal with the geopolitical challenges as well as competition from AI services. In the face of a sector-wide slump brought on by growing demand for AI, the company has vowed a massive cost-cutting campaign. Natarajan Chandrasekaran , chairman of TCS parent Tata Group , predicted last month that bots would make up half the company’s workforce in the future. But he was also quick to add that AI will open up fresh opportunities. Read More: Tata Boss Predicts AI Agents Will Replace Half Its Tech Jobs Mumbai-headquartered TCS is already pivoting to AI. It’s cut a deal with Op...
Five days after T20 World Cup final misery tickets are selling fast for India clash in a rare fixture at the home of cricket England’s historic first Test at Lord’s, which begins on Friday against India, will be the swansong for at least one great of the game, after Tammy Beaumont announced her retirement from international cricket on Wednesday. It is possible that more retirements may follow at t...
Five days after T20 World Cup final misery tickets are selling fast for India clash in a rare fixture at the home of cricket England’s historic first Test at Lord’s, which begins on Friday against India, will be the swansong for at least one great of the game, after Tammy Beaumont announced her retirement from international cricket on Wednesday. It is possible that more retirements may follow at the end of the summer; after England lost last Sunday’s T20 World Cup final to Australia, head coach Charlotte Edwards said that “a lot of younger players are now staking a claim” and that she planned to review the situation after The Hundred. Beaumont, though, has chosen to get ahead of the pack and go into the forthcoming Test with the certain knowledge that it will be the last time she pulls on an England shirt. Continue reading...
India’s frenzied efforts to counter disruptions in cooking gas supplies over the past months, while cargoes remained trapped in the Persian Gulf, has left state-run fuel retailers with the opposite problem — more than they can sell. The three refiners run by the government, including India’s biggest processor Indian Oil Corp. , had booked liquefied petroleum gas supplies amounting to as much as 40...
India’s frenzied efforts to counter disruptions in cooking gas supplies over the past months, while cargoes remained trapped in the Persian Gulf, has left state-run fuel retailers with the opposite problem — more than they can sell. The three refiners run by the government, including India’s biggest processor Indian Oil Corp. , had booked liquefied petroleum gas supplies amounting to as much as 40,000 tons a day, according to people familiar with the situation. The daily import requirement now, however, is closer to 30,000 tons to 32,000 tons. Part of the drop is explained by a boost in production from state processors themselves, which lifted output by more than two-thirds to about 54,000 tons a day after the near-total closure of the Strait of Hormuz crimped shipments. Daily production has since been scaled back to about 40,000 tons, the people said, asking not to be named as they aren’t authorized to speak with media. But demand has also been slow to recover, especially when it comes to large consumers such as restaurants or industrial outfits such as ceramic-tile manufacturers, who switched to alternative fuels like piped gas during the supply crisis. Consumption in June was about 73,000 tons a day, compared with 91,000 tons average in the year ended in March, according to oil ministry data. At the height of the war, refiners bought more than they required, the people said, as they feared some of these cargoes would not be delivered. However, all these volumes are now arriving in the country after an interim peace deal between US and Iran helped restart some flows through the strait for several weeks. Disruptions have since resumed, but are yet to be felt in India. At least one of the state refiners had to pay penalty charges to a shipowner after discharge of its LPG cargo was delayed because storage tanks were full, they said. Spokespeople at India’s oil ministry, Indian Oil Corp., Bharat Petroleum Corp. , and Hindustan Petroleum Corp. did not immediately reply...
SK Hynix shares rose on Thursday ahead of the South Korean company’s listing of American depositary receipts. The memory giant is launching an ADR listing on the Nasdaq under the ticker symbol SKHY on Friday. Ten ADRs will represent one local South Korean share, giving an implied dollar price per ADR of around $144.50.
SK Hynix shares rose on Thursday ahead of the South Korean company’s listing of American depositary receipts. The memory giant is launching an ADR listing on the Nasdaq under the ticker symbol SKHY on Friday. Ten ADRs will represent one local South Korean share, giving an implied dollar price per ADR of around $144.50.
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. The data center boom has been touted as the US economy’s new growth machine — a way to lift businesses and swell local tax coffers. But after straining electric grids , pushing u...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. The data center boom has been touted as the US economy’s new growth machine — a way to lift businesses and swell local tax coffers. But after straining electric grids , pushing up utility bills and raising worries over water supply and pollution, data centers are running into a more basic problem: there aren’t enough people to build them. After a blockbuster earnings stretch, contractors like Sterling Infrastructure and Comfort Systems USA that supply skilled labor for data centers are hitting a bottleneck. “There is plenty more work we could take if we could possibly do it,” Comfort Systems’ Chief Financial Officer William George said. For all the futuristic promise of AI, its physical footprint still depends on a very human supply chain. The combined project backlogs at Comfort Systems, Emcor Group and Sterling Infrastructure have surged sixfold — far more than the increase in US employment of craft workers like electricians and HVAC installers. The crunch is rooted in construction’s ongoing problems: a graying workforce, too few young recruits, and a thin pipeline of apprenticeships, community-college programs and early trade training. And immigration crackdowns haven’t helped , as foreign‑born workers make up a third of the construction‑trades workforce. Some graduates locked out of white-collar jobs are starting to drift toward the trades. But that won’t rewire the AI economy overnight. Blue-collar stigma still runs deep, and training takes years — leaving one of America’s hottest growth stories dependent on an old-school workforce problem. The following was produced with the assistance of Bloomberg Automation. Featured Video Podcast Banking & Finance SK Hynix’s US listing is more than seven times oversubscribed , Bloomberg reported exclusivel...
ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) are the undisputed dividend heavyweights in the oil patch. Exxon has increased its dividend for 42 straight years, while Chevron has delivered 39 consecutive annual dividend increases. Both oil giants offer above-average current dividend yields (Exxon's is nearly 3% while Chevron's is over 4%, more than double the S&P 500 's 1.1% yield). Here's a clos...
ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) are the undisputed dividend heavyweights in the oil patch. Exxon has increased its dividend for 42 straight years, while Chevron has delivered 39 consecutive annual dividend increases. Both oil giants offer above-average current dividend yields (Exxon's is nearly 3% while Chevron's is over 4%, more than double the S&P 500 's 1.1% yield). Here's a closer look at which of these top oil dividend stocks is the better one to buy right now for those seeking a lifetime of passive income. Image source: The Motley Fool. Continue reading