Intel's CEO, Patrick Gelsinger, ruffled some feathers with his comments about TSMC's Taiwan base, leading to a lost deal. TSMC, a major chip maker, had offered Intel a huge 40% discount on their latest 3 nanometer chip tech. But after Gelsinger's remarks, TSMC pulled the offer, leaving Intel to pay
Air Canada is amping up its flight frequency to China, with new daily flights to Beijing and Shanghai. The airline is making a comeback with daily trips from Vancouver to Beijing, starting January 15. Plus, Shanghai will see daily flights from Vancouver starting December 7. This is a big deal since
Investors in the Asia-Pacific region are keeping a close eye on a couple of big events today. First up is the Bank of Japan's (BOJ) rate decision. Experts think the BOJ will keep rates steady at 0. 25%, but everyone will be scrutinizing the statement for any hints about the next rate hike. Meanwhile
In a surprising turnaround, China’s factory activity expanded for the first time in six months – jumping to 50. 1 in October. This is a promising sign after months of contraction, with September clocking in at 49. 8. Economists had expected a slight improvement, predicting 49. 9. But the actual resu
Chinese automakers are being advised to press the brakes on major investments in European countries that have backed new tariffs on Chinese electric vehicles (EVs). This decision comes as a response to the European Union's (EU) recent imposition of tariffs, which can reach up to 45. 3%, following a
Microsoft recently shared its fiscal first quarter earnings, and while they beat expectations, the future looks a bit cloudy. The tech giant made $3. 30 per share and raked in $65. 59 billion in revenue, both higher than predicted. That's a 16% yearly increase in revenue. But the stock dipped 4% aft
Let's take a peek at some big names in the stock market that made waves after regular trading hours. Microsoft took a dip of nearly 4%, disappointing investors with revenue expectations for the next quarter. Analysts had hoped for a bit more, around $69. 83 billion, but Microsoft was thinking more a
For the first time ever, Chinese electric vehicle (EV) giant BYD has outshone its American rival, Tesla, in quarterly sales. According to a recent report, BYD's revenue for the three months ending Sept. 30 hit 201. 12 billion yuan ($28. 24 billion), a 24% increase from the previous year. This is a s
Microsoft's bet on Black Ops 6 for Game Pass seems to be paying off. The latest Call of Duty game had a massive launch weekend, and Xbox's Game Pass subscriptions are soaring. Microsoft CEO Satya Nadella called it the biggest Call of Duty release ever, with record-breaking first-day players and a su
Microsoft's CFO, Amy Hood, spilled the tea on the company's earnings call. The massive investment in OpenAI is expected to cut into profits this quarter, to the tune of $1. 5 billion. Why the big hit? OpenAI is losing money, and Microsoft is feeling the pinch. The company has poured in nearly $14 bi
