Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
The TSX-listed company, using NVIDIA A40 graphics processing units, reported completion of an AI research project with Columbia University, highlighting what it called the impact of software optimization on real-world throughput.
THE APEX TIMES
THE APEX TIMES
The U.S. oil major said it is moving deeper into the Eastern Mediterranean through an agreement tied to Greece’s Block 10, even as it emphasized that its Venezuela operations remain operating.
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After more than two decades at JPMorgan, Troy Rohrbaugh, long associated with risk management at the bank, is being tapped to lead the firm’s consumer business, according to a report that frames him as a potential future CEO contender.
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Blair Jackson, set to take over at Alkermes, said the next 12 months could be a defining stretch as the company positions itself for the race to develop and commercialize orexin treatments for sleep disorders.
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The electric-vehicle maker’s stock fell over the past week and extended losses into a worse month, according to Yahoo Finance, as traders looked past company-specific progress to broader risk sentiment.
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A new market analysis says Oracle’s artificial intelligence buildout is accelerating faster than its cloud revenue growth, raising the question of whether bookings strength and demand trends can justify the ramp-up.
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A choppy open on U.S. markets gave way to a modest rebound for the Dow, while the Nasdaq and parts of the semiconductor complex slid amid a broader tech pullback. Microsoft was cited as a bright spot in software.
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A report cited by Yahoo Finance indicates UBS expects Apple’s recent price hikes for Mac and iPad to flow through without changing the company’s near-term product margin outlook.
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A market commentary tied Micron’s outlook for memory to expectations for improved demand in both personal computers and smartphones, a read-through traders have used to frame moves in Intel and other chip-related equities.
