Silicon Motion Technology (NasdaqGS:SIMO) has launched advanced PCIe Gen5 SSD controllers built on TSMC’s 6nm EUV process. The company has begun large scale production of what it describes as the world’s first PCIe Gen5 SSD controller using this node. The new controllers are aimed at markets including PCs, smartphones, automotive systems, and IoT devices. Silicon Motion Technology focuses on NAND ...
Silicon Motion Technology (NasdaqGS:SIMO) has launched advanced PCIe Gen5 SSD controllers built on TSMC’s 6nm EUV process. The company has begun large scale production of what it describes as the world’s first PCIe Gen5 SSD controller using this node. The new controllers are aimed at markets including PCs, smartphones, automotive systems, and IoT devices. Silicon Motion Technology focuses on NAND flash controllers and high performance storage solutions, and these PCIe Gen5 products sit at...
zimmytws/iStock via Getty Images Disney ( DIS ) is preparing to eliminate approximately 1,000 positions in the coming weeks as new CEO Josh D’Amaro begins a strategic reorganization of the entertainment giant, according to a Wall Street Journal report on Wednesday , citing sources . The workforce reductions, representing less than 1% of Disney's approximately 231,000 global staff, will primarily t...
zimmytws/iStock via Getty Images Disney ( DIS ) is preparing to eliminate approximately 1,000 positions in the coming weeks as new CEO Josh D’Amaro begins a strategic reorganization of the entertainment giant, according to a Wall Street Journal report on Wednesday , citing sources . The workforce reductions, representing less than 1% of Disney's approximately 231,000 global staff, will primarily target the company’s marketing department , the WSJ reported , citing people familiar with the matter. It also said t he workforce reduction is a central component of 'Project Imagine,' a strategic initiative launched in January under Disney's newly appointed chief marketing officer, Asad Ayaz. The program seeks to consolidate promotional operations across the company’s film, TV, and streaming divisions to address narrowing profit margins and a volatile theatrical market. The report said, w hile D’Amaro officially assumed the CEO role on March 18, the groundwork for these cuts was reportedly laid before his appointment. This latest round follows a multi-year efficiency drive initiated by Bob Iger, which has seen over 8,000 roles eliminated since 2022 to stabilize the company's financials. More on Walt Disney Wall Street Lunch: Disney Revamps Paris Park To Boost European Growth Disney: Parks Is The Company's Core Now, But The Core Of Parks Isn't Talked About At All Buy Disney When Valuation Is Low And Crude Oil High (Rating Upgrade) Once upon a second park: Disney starts a new chapter in Paris Writers Guild, studios strike tentative deal to avert another Hollywood shutdown
The average one-year price target for Harmony Gold Mining Company Limited - Depositary Receipt (NYSE:HMY) has been revised to $25.80 / share. This is a decrease of 12.33% from the prior estimate of $29.43 dated February 23, 2026. The price target is an average
The average one-year price target for Harmony Gold Mining Company Limited - Depositary Receipt (NYSE:HMY) has been revised to $25.80 / share. This is a decrease of 12.33% from the prior estimate of $29.43 dated February 23, 2026. The price target is an average
Manycore Tech, a spatial design software developer and one of Hangzhou’s fast-rising “Six Little Dragons”, launched its Hong Kong initial public offering (IPO) on Thursday, aiming to raise about HK$1.02 billion (US$130 million). Manycore is issuing about 161 million shares, of which 90 per cent have been set aside for institutional investors and the rest for retail investors in Hong Kong. The shar...
Manycore Tech, a spatial design software developer and one of Hangzhou’s fast-rising “Six Little Dragons”, launched its Hong Kong initial public offering (IPO) on Thursday, aiming to raise about HK$1.02 billion (US$130 million). Manycore is issuing about 161 million shares, of which 90 per cent have been set aside for institutional investors and the rest for retail investors in Hong Kong. The shares are priced between HK$6.72 and HK$7.62 each, valuing the company at between HK$11.4 billion and...
Foreign exodus from Indian equities continues to hit grim milestones, with overseas investors remaining net sellers for a record 23 straight sessions. They’ve pulled a net $17.8 billion — including six sessions with outflows topping $1 billion — from late February through April 7, amid growing concerns over the impact of the global energy crisis on the country’s economy. Total withdrawals so far t...
Foreign exodus from Indian equities continues to hit grim milestones, with overseas investors remaining net sellers for a record 23 straight sessions. They’ve pulled a net $17.8 billion — including six sessions with outflows topping $1 billion — from late February through April 7, amid growing concerns over the impact of the global energy crisis on the country’s economy. Total withdrawals so far this year are nearing the record $19 billion seen in 2025. The Iran war has driven a selloff in Indian assets as higher oil prices strain the import-heavy economy’s finances, stoke inflation, and hurt corporate profits. Early cracks in the US-Iran ceasefire have taken some shine off the global rally, with foreign investors still net sellers on Wednesday despite the truce, according to provisional data. To be sure, domestic institutions continue to absorb much of the foreign selling — they’ve poured $20.6 billion over this period. Still, that steady support has only partially cushioned the downside, leaving markets under pressure. Read More: Foreigners Dump Record $12 Billion India Stocks in March on War
(RTTNews) - Paramount Skydance Corp. (PSKY) announced Wednesday that Jeff Shell has elected to step down as the company President and a member of its Board of Directors to focus on the lawsuit regarding violation of certain SEC disclosure rules.
(RTTNews) - Paramount Skydance Corp. (PSKY) announced Wednesday that Jeff Shell has elected to step down as the company President and a member of its Board of Directors to focus on the lawsuit regarding violation of certain SEC disclosure rules.
The artificial intelligence (AI) revolution is just getting started. Global consultancy McKinsey & Co. estimates that companies will invest "almost $7 trillion in global data center infrastructure capital expenditures by 2030." The firm's report observes that this spending figure is roughly the size of the combined GDP of Japan and Germany. "In the United States, AI-related capital expenditures ac...
The artificial intelligence (AI) revolution is just getting started. Global consultancy McKinsey & Co. estimates that companies will invest "almost $7 trillion in global data center infrastructure capital expenditures by 2030." The firm's report observes that this spending figure is roughly the size of the combined GDP of Japan and Germany. "In the United States, AI-related capital expenditures account for about 5% of GDP and have been growing at high-single- to low-double-digit pace," the report concludes. These elevated growth rates are estimated to persist well into the next decade, and perhaps beyond. Want to take advantage? You can do so by buying AI stocks directly. But the smartest move may be to buy stocks not traditionally thought of as "AI stocks" but that still have direct AI exposure. This way, you expose your portfolio to the growth in artificial intelligence at a discount. To accomplish this, start your research with the two stocks below, both of which have monster growth potential thanks to AI. Continue reading
A man pleaded guilty Wednesday in federal court and acknowledged his involvement in an attempt to illegally smuggle migrants to the U.S. when a truck crashed in Mexico in 2021, killing more than 50. (Image credit: AP)
A man pleaded guilty Wednesday in federal court and acknowledged his involvement in an attempt to illegally smuggle migrants to the U.S. when a truck crashed in Mexico in 2021, killing more than 50. (Image credit: AP)