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Business-Tech

Finance

Cloudflare stock sinks 24% after earnings as company cuts 1,100 employees due to AI changes

The cloud provider announced it is laying off 20% of its workforce as agentic artificial intelligence "fundamentally changes" the company's …

May 8, 2026
Intel CEO Who Won Over Trump and Musk Now Needs a Breakthrough
Finance

Intel CEO Who Won Over Trump and Musk Now Needs a Breakthrough

After Lip-Bu Tan became chief executive officer of Intel Corp. in March of last year, the struggling company’s shares went nowhere for seven …

May 8, 2026
Sony targets double-digit profit growth despite slowdown in PlayStation 5 sales amid memory price crunch
Finance

Sony targets double-digit profit growth despite slowdown in PlayStation 5 sales amid memory price crunch

While hardware sales took a hit in Sony's fourth-quarter, strong revenue from its image sensing and music businesses offset the dip.

May 8, 2026
Finance

US businesses urge Trump to intervene over new EU consumer rules

American companies fear an update to Brussels’ ‘Product Liability Directive’ will make it easier for consumers to sue

May 8, 2026
Tech stocks could offer their best value in years, analysts say, after stellar earnings season
Finance

Tech stocks could offer their best value in years, analysts say, after stellar earnings season

A succession of strong earnings seasons since then has allowed tech stocks to "grow into" their stock prices.

May 8, 2026
Nintendo hikes Switch 2 prices and expects console sales to decline as memory crunch bites
Finance

Nintendo hikes Switch 2 prices and expects console sales to decline as memory crunch bites

Nintendo said the price of the Switch 2 in the U.S. will rise from $449.99 to $499.99. In Japan, Nintendo will hike the price from 49,980 …

May 8, 2026
US Said to Suspect Nvidia Chips Smuggled to Alibaba Via Thailand
Finance

US Said to Suspect Nvidia Chips Smuggled to Alibaba Via Thailand

A key company behind Thailand’s national AI effort is suspected of helping to smuggle billions of dollars worth of Super Micro Computer Inc. …

May 8, 2026
Finance

Anthropic weighs deal for near $1tn valuation as revenue surges

Start-up behind Claude tool is fielding inbound investment offers that could lead to it surpassing rival OpenAI in value

May 8, 2026
Big Tech’s $725bn AI spending spree sends free cash flow to a decade low
Finance

Big Tech’s $725bn AI spending spree sends free cash flow to a decade low

Silicon Valley giants have transformed from asset-light cash machines to huge infrastructure investors

May 8, 2026
In OpenAI trial, former technology chief says Altman sowed 'chaos,' distrust among top executives - Reuters
Tech

In OpenAI trial, former technology chief says Altman sowed 'chaos,' distrust among top executives - Reuters

In OpenAI trial, former technology chief says Altman sowed 'chaos,' distrust among top executivesReuters

May 8, 2026
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