Business news
- LVMH shares plummet 7% as fourth-quarter results lag competitors - LVMH shares plummeted Wednesday after the French luxury conglomerate reported mixed full-year earnings late Tuesday.
- South Korea's SK Hynix to establish a special ‘AI Company’ in the U.S. - SK Hynix will set up a new U.S.-based company focused on artificial intelligence solutions, with $10 billion committed to the project.
- SK Hynix smashes earnings estimates as AI memory demand drives record profit - South Korea's SK Hynix on Wednesday posted record quarterly revenue and profit, to beat estimates.
- Chip giant ASML posts record orders and upbeat 2026 guidance as AI boom continues - ASML is experiencing several tailwinds including an expectation of increased chipmaking capacity and continued demand for AI semiconductors.
- Mining stocks have been on a tear, with gold passing $5,000. Analysts are split on what's next - Appetite for mining stocks has cooled over the past six months, according to a Citi note.
- Airbus, AstraZeneca and HSBC executives join UK's Starmer on high-stakes China trip - Executives from Airbus, AstraZeneca and HSBC are joining Prime Minister Keir Starmer on a rare China visit, highlighting the business focus of the trip amid strained global trade relations.
- Australia inflation meets expectations at 3.6%, reaching a six-quarter high - The inflation reading comes after Reserve Bank of Australia Deputy Governor Andrew Hauser said in an interview that inflation at current levels is "too high."
- One year after DeepSeek, Chinese AI firms from Alibaba to Moonshot race to release new models - Chinese companies are releasing new AI models and striving to gain an edge in the AI application race as the country's biggest holiday of the year nears.
- Amazon inadvertently sends email to employees confirming Wednesday layoffs - Amazon sent a notice out to staffers in an apparent error acknowledging "organizational changes" at the company.
- Dollar suffers worst one-day slide since last April after Trump says currency hasn't fallen too low - The dollar dropped about 1.3% on Tuesday.