Asian shares mostly gained on Thursday after U.S. stocks rallied following the midterm election, with the Dow Jones Industrial Average jumping more than 3% after President Donald Trump’s party lost its sole control of Washington. The price for a barrel of Brent crude oil was trading near $94, around its lowest level in two months.
Apple is unveiling its latest generation of iPhones, widely expected to include a foldable version, on Wednesday at an event headlined by new CEO John Ternus, who took over from Tim Cook on Sept. 1. Many of Apple’s biggest rivals, such as Samsung, Motorola and Google, have already come out with foldable smartphones. But Apple
NEW YORK — NEW YORK (AP) — Huawei Technologies, a leading Chinese tech company, faces a criminal racketeering trial in New York over charges that it stole technology, plotted to steal U.S. trade secrets and committed wire and bank fraud, among other crimes. Jury selection is scheduled to begin Tuesday. The indictment alleges that, besides
TOKYO — Global shares were mostly higher on Thursday, powered by gains for AI-related stocks including computer chips. France’s CAC 40 edged up 0.1% in early trading to 8,685.40, while the German DAX added 0.4% to 26,445.93. Britain’s FTSE 100 shed 0.4% to 10,791.07. U.S. shares were set to drift moderately higher with Dow futures
Apple posted a solid fiscal third quarter on Thursday, climbing past Wall Street’s expectations thanks to strong sales of the iPhone and MacBook computers. Apple raised the prices of its Macs and iPads last month, citing a memory-chip shortage brought on by the artificial intelligence boom. The company had called the demand spike an “unprecedented
TOKYO — Asian stocks were mixed, while South Korea’s Kospi stock index fell 6% on Wednesday, as doubts over massive investments in artificial intelligence once again led investors to dump chipmaker stocks. American futures hardly changed. The latest decline in Seoul was led by a drop in shares of chipmaker SK Hynix after its operating
