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Bitcoin on the cusp of $60,000 as investors flee risky bets
Reuters· 2026-02-06 02:09
Bitcoin made a 16-month low and tested key $60,000 support on Friday, as a global selloff in technology stocks deepened and washed out risky bets across asset classes. ...
Indonesian markets resume selloff after Moody's cuts outlook
Reuters· 2026-02-06 01:57
Indonesian stocks and currency skidded on Friday after Moody's lowered the country's credit rating outlook, the latest jolt in a turbulent start to the year for Southeast Asia's largest economy after an $80 billion rout of its equity market last week. ...
Japanese drugmakers slump after Trump unveils discount drug website
Reuters· 2026-02-06 00:57
Shares of Japanese pharmaceutical companies slumped in early Tokyo trading on Friday after U.S. President Donald Trump's website offering discounted prescription medicines went live. ...
Oil extends decline ahead of US-Iran talks
Reuters· 2026-02-06 00:40
U.S. crude futures extended their decline on Friday, on track for their first weekly drop in weeks, as concerns of supply disruption in the Middle East eased with investors focusing on the outcome of ... ...
Jennifer Garner's Once Upon a Farm raises nearly $198 million in US IPO
Reuters· 2026-02-06 00:22
Once Upon a Farm, the children's organic food company co-founded by actor Jennifer Garner, said on Thursday it had raised nearly $198 million in its U.S. initial public offering. ...
SiTime tech could go into billions of Renesas chips, SiTime CEO says
Reuters· 2026-02-06 00:19
Core Insights - SiTime's technology is expected to be integrated into billions of chips produced by Japan's Renesas, according to the company's chief executive [1] Company Summary - SiTime is positioning itself for significant growth through its partnership with Renesas, indicating a strong demand for its technology in the semiconductor industry [1]
Medtronic owes $382 million to medical device rival in antitrust lawsuit, US jury says
Reuters· 2026-02-05 22:43
Medical technology company Medtronic owes rival device manufacturer Applied Medical Resources $382 million in damages for unlawfully monopolizing the market for blood-vessel sealing surgical devices, ... ...
Microchip Tech forecasts quarterly profit below estimates as memory shortages bite
Reuters· 2026-02-05 22:38
Core Viewpoint - Microchip Technology has forecasted fourth-quarter profit below Wall Street estimates, raising concerns about the impact of a memory-supply crunch on the broader semiconductor industry [1] Company Summary - Microchip Technology's profit forecast for the fourth quarter is lower than expected by Wall Street, indicating potential challenges ahead for the company [1] Industry Summary - The memory-supply crunch is raising concerns about its effects on the wider semiconductor industry, suggesting that other companies may also face similar challenges [1]
Atlassian raises annual revenue forecast on resilient software spending
Reuters· 2026-02-05 22:36
Core Viewpoint - Atlassian has raised its fiscal 2026 revenue growth forecast, anticipating strong spending on enterprise software services as clients increasingly adopt artificial intelligence [1] Group 1: Revenue Growth Forecast - The company is betting on robust revenue growth driven by the integration of artificial intelligence into its services [1] Group 2: Client Spending Trends - There is a notable increase in client spending on enterprise software, indicating a shift towards more advanced technological solutions [1]
Australia's Berkeley Energia files $1.25 billion claim from Spain over uranium project dispute
Reuters· 2026-02-05 21:46
Australian mining group Berkeley Energia said on Friday it has filed a claim at the World Bank's arbitration tribunal seeking about $1.25 billion from Spain, as it presses its case over the blocked Sa... ...