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Nvidia expresses interest in SoftBank’s chip company Arm Holdings: report

SoftBank Group Corp's chip company Arm Holdings Ltd has gathered buyout interest from Nvidia Corp, CNBC reported on Wednesday, citing Bloomberg News.

Markets

Who still needs the office? US companies start cutting space

Corporate America is downsizing its real estate footprint as companies allow more employees to work from home, a growing threat to the bottom line of owners of traditional office buildings and a sign that companies are looking for ways to cut costs as a result of the coronavirus pandemic....

Markets

Fear factor: Investors rush into gold and other havens as stocks near highs

Investors are piling into haven assets such as gold, the Swiss franc and cash as U.S. stocks approach all-time highs, looking to hedge big moves in equities amid economic uncertainty and a resurgent coronavirus pandemic.

Markets

Microsoft may face EU antitrust probe after Slack complaint on tying practice

Microsoft may find itself in EU antitrust regulators' crosshairs yet again after U.S. workspace messaging app Slack Technologies Inc complained about the company embedding its workplace chat and video app Teams in its Office product.

Markets

US Senate panel approves ban on using TikTok app on government devices

The U.S. Senate Committee on Homeland Security and Governmental Affairs voted unanimously on Wednesday to approve a bill from Republican Senator Josh Hawley that would ban federal employees from using social media app TikTok on government-issued devices.

Markets

Tesla extends rally as traders bet on potential S&P 500 entry

Tesla Inc's shares extended their rally on Wednesday ahead of a quarterly report from the electric car maker that might clear the way for it to join the S&P 500 and attract over US$40 billion in new demand for the stock.

Markets

United sees around US$15-20 million daily cash burn in fourth quarter if demand bounces

United Airlines expects its daily cash burn rate to slow to between US$15 million and US$20 million in the fourth quarter, depending on the pace of a recovery in demand, executives said on a conference call on Wednesday.

Markets

US markets watchdog finalizes rules on shareholder voting advice

The U.S. securities regulator on Wednesday is poised to finalize new restrictions on firms which advise investors on how they should vote in corporate elections, following a years-long battle between corporate lobbyists and governance activists over the proposed rules.

Markets

United sees cash burn breakeven once demand and capacity drops slow to 50per cent

United Airlines expects to be able to halt a daily cash burn rate that averaged US$40 million in the second quarter once it reaches a point in which sharp falls in demand and flight capacity have slowed to a roughly 50per cent decline.

Markets

Exclusive: French limits on Huawei 5G equipment amount to de facto ban by 2028

French authorities have told telecoms operators planning to buy Huawei 5G equipment that they won't be able to renew licences for the gear once they expire, effectively phasing the Chinese firm out of mobile networks, three sources close to the matter said.

Markets

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