Morgan Stanley Downgrades Dell and HP on Memory Cost Concerns
Morgan Stanley cuts Dell and HP ratings, citing rising memory costs and weak demand threatening hardware maker profits through 2026.
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Barrick Gold Considers Major Company Split Into Two Entities
Barrick Mining explores splitting into separate North American and Africa-Asia entities.
Figure Technology Solutions Stock Soars on Stellar Q3 Earnings Beat
Figure Technology Solutions (FIGR) shares jumped 18% to $40.65 after reporting Q3 earnings that crushed analyst expectations, with revenue up 55% and net income surging 227% year-over-year.
Alibaba Accused of Supporting Chinese Military Operations Against US Targets
White House memo claims Alibaba provides tech support to Chinese military for operations targeting US infrastructure, raising national security concerns about data access and cyber threats.
Samsung Hikes Memory Chip Prices Up to 60%; Micron Spikes
Samsung raised memory chip prices by up to 60% due to the AI data center building race, leading to severe shortages and higher costs for tech products globally.
Topgolf Callaway in Talks to Sell Topgolf Unit for $1 Billion
Topgolf Callaway Brands explores selling its Topgolf entertainment business to private equity firm Leonard Green for approximately $1 billion as part of division split strategy.