According to a report by the research firm Gartner, global semiconductor makers' revenue will drop by 11.2% in 2023 and reach roughly $532 billion. The amount grew by merely 0.2% to $599.6 billion in 2022. "Economic headwinds persist, with weak demand for electronics in end markets spreading from...

In an effort to overcome a difficult environment for leveraged buyouts and obtain the company's asking price of more than $10 billion, the bankers overseeing the sale process for Subway have provided the private equity firms bidding for the sandwich chain with a $5 billion acquisition financing...

In order to compete with Netflix and Disney in India, Mukesh Ambani, the richest man in Asia, is expected to concentrate his video streaming firm on local content and price after signing a deal with Warner Bros.   Popular HBO and Warner Bros. series like Harry Potter and Succession will be...

Generative artificial intelligence (AI) was not a major part of the proposals for regulating ChatGPT or other generative AI technologies by EU legislators until just a few months ago.   Two years prior, the bloc's 108-page AI Act proposal that was made public contained just one use of the...

Online retailer Amazon had a net profit of $3.172 billion in the first quarter versus a loss of $3.844 billion during the same period in 2022. For the period, diluted earnings per share were $0.31 as opposed to a loss of $0.38 from the prior year. Amazon's sales increased by 9% to $127.358...

The U.S. aerospace company Boeing released its first quarter financial results. The company’s revenues increased by 28%, to $17.9 billion. The corporation also reported a $425 million net loss, a considerable decrease from $1.2 billion in the first quarter of 2022. During the first quarter, 130...

British American Tobacco (BAT) and its subsidiary BAT Marketing Singapore (BATMS) were fined by the U.S. Justice Department for engaging in business in the DPRK in order to evade American sanctions. The corporations agreed to pay $629 million to U.S. authorities as part of the settlement for fraud...

According to statistics from the corporation, UBS's net profit for the first quarter was $1.03 billion, a 52% decrease from the same time previous year. As a result, the bank's stock declined by nearly 4% at the start of trading on the Swiss exchange. An American lawsuit from 2018 was the primary...

Before going public on the New York Stock Exchange, Johnson & Johnson, a part of Johnson & Johnson that will concentrate on producing consumer health products, was valued at $ 40 billion, according to WSJ. Johnson & Johnson's consumer healthcare goods segment has a $40 billion market...