Samsung unveils new foldable smartphones, seeking to keep lead in growing market

Samsung unveils new foldable smartphones, seeking to keep lead in growing market

SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in a bid to cement its leadership in an expanding niche market. The smartphone maker priced its clamshell Galaxy Z Flip4 at $999.99, and the 5G-enabled top-line Galaxy Z Fold4 … Read more

Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway posts massive .8 billion loss;  operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – The slide in US stock prices … Read more

Tencent faces new video-game M&A challenge

Tencent faces new video-game M&A challenge

LONDON, Aug 5 (Reuters Breakingviews) – The frenzy in video-game dealmaking has reached a new level. China’s Tencent (0700.HK) wants to increase its 5% stake in smaller French rival Ubisoft Entertainment (UBIP.PA), the outfit behind the wildly popular “Assassin’s Creed” franchise, according to Reuters. The $380 billion company could offer the founding Guillemot family, who … Read more

Meta posts first-ever revenue drop as inflation throttles ad sales

Meta posts first-ever revenue drop as inflation throttles ad sales

Facebook’s new rebrand logo Meta is seen on smartpone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp, Oculus in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – Meta Platforms Inc (META.O) issued a gloomy forecast after recording its first … Read more

Wall Street closes sharply higher on strong corporate earnings

Wall Street closes sharply higher on strong corporate earnings

Boeing raises on deal to sell jets to 777 Partners Johnson & Johnson and IBM fall on dollar impact warning Halliburton, Hasbro, Truist rise after profit beat Indexes Up: Dow 2.43%, S&P 500 2.76%, Nasdaq 3.11% Biggest one-day percentage gain for Nasdaq since June 24 July 19 (Reuters) – US stocks closed with sharp gains … Read more

Apple has ended consulting deal with former designer Jony Ive -NY Times

Apple has ended consulting deal with former designer Jony Ive -NY Times

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar/File Photo Register now for FREE unlimited access to Reuters.com Register July 12 (Reuters) – Apple Inc (AAPL.O) has ended a consulting deal with former design chief Jony Ive, … Read more

Apple hikes Japan price of iPhone by nearly a fifth

Apple hikes Japan price of iPhone by nearly a fifth

Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, US, January 27, 2022. REUTERS/Joshua Roberts/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, July 1 (Reuters) – Apple Inc (AAPL.O) has hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, … Read more

Wall St slides, Dow set for worst first-half since 1962

Wall St slides, Dow set for worst first-half since 1962

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US May consumer spending rises moderately; higher inflation S&P 500 headed for worst first-half since 1970 Indexes down: Dow 0.72%, S&P 0.58%, Nasdaq … Read more

The ‘Big Package’: How Russia was driven to default

The ‘Big Package’: How Russia was driven to default

European Commission President Ursula von der Leyen arrives for the European Union leaders summit, as EU’s leaders attempt to agree on Russian oil sanctions in response to Russia’s invasion of Ukraine, in Brussels, Belgium May 30, 2022. REUTERS/Johanna Geron//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 27 (Reuters) – Russia’s … Read more

Meta and other tech giants form metaverse standards body, without Apple

Meta and other tech giants form metaverse standards body, without Apple

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – Meta (META.O), Microsoft (MSFT.O) and other tech giants racing to build the emerging metaverse concept have formed a group to foster development … Read more