Samuel Nwite
AUTHOR: Samuel Nwite
Dell Shares Plunge 11% as Wall Street Questions Returns on Enterprise AI Spending
Dell Technologies shares plunged 11% on Wednesday, dragging down other data center equipment manufacturers as investors questioned whether corporate spending on artificial intelligence infrastructure...
Netflix to Cut Nearly 1,000 Jobs as Streaming Competition Intensifies After Warner Bros. Bid...
Netflix is laying off nearly 1,000 employees, representing about 6% of its workforce, as the streaming giant reassesses its staffing priorities amid intensifying competition...
Michael Dell-Linked Fund Buys 1.34% Stake in SK Group Holding Company for $406 Million
An investment fund linked to Dell Technologies founder Michael Dell has agreed to acquire a 1.34% stake in South Korean conglomerate SK Inc. for...
Bank of America Hit With $1.21bn Fine Over Money-Laundering Controls, Faces Earnings and Buyback...
Bank of America has been fined $1.21 billion by US regulators for widespread failures to identify and report potentially illicit financial activity, exposing the...
EU Seeks Vietnam’s Critical Minerals to Reduce Dependence on China Amid Supply Chain Risks
The European Union is seeking to expand access to Vietnam’s critical mineral reserves as Brussels moves to reduce its dependence on China for materials...