Nexperia has been locked in a dispute with its Chinese unit after the Dutch government took control of Nexperia from its Chinese owner Wingtech on Sept 30.The EU is determined to find a diplomatic solution over the ownership of Dutch chipmaker Nexperia, the European Commission’s tech chief Henna Virkkunen has said.That’s all for today but you can read all the latest business and economic stories from The Telegraph here .Thanks for joining us on this live blog.Chris Beauchamp, an analyst at IG, said: “Next w ...

Core Insights - Amazon's shares surged approximately 11% to a record high following the announcement of its strongest cloud growth since 2022, alleviating investor concerns about overspending on AI by major tech firms [1][4][12] - The tech-heavy Nasdaq index rose by 1.2%, while the S&P 500 and Dow Jones increased by 0.6% and 0.3%, respectively, indicating a positive market trend [1][3] Amazon's Performance - Amazon reported a 20.2% increase in revenue for its cloud unit in the most recent quarter, surpassing Wall Street's expectations of 18.1% [4] - The company achieved earnings per share of $1.95, exceeding estimates of $1.57, and total revenue of $180.17 billion, which was above the expected $177.8 billion [5] - For the current quarter, Amazon anticipates sales between $206 billion and $213 billion, exceeding analyst expectations [6] - The expected operating income for the current quarter is projected to be between $21 billion and $26 billion, compared to estimates of $23.8 billion [7] Capital Expenditures and Job Cuts - Amazon has increased its planned capital expenditures for 2025 to $125 billion from $118 billion, with intentions to spend even more in the following year [9][8] - The company is also implementing significant cost-cutting measures, including a round of 14,000 job cuts, with a total of 30,000 corporate jobs, or about 9% of its global office workforce, planned to be eliminated [12][13] Market Context - Major stock indexes are on track to end the week higher, with the Dow and Nasdaq poised for their longest streaks of monthly gains since January 2018 [3][4] - Other tech giants, such as Meta and Microsoft, experienced declines in their stock prices due to announced increases in capital expenditures for AI [2]

U.S. stock futures are broadly higher this Friday, October 31, 2025, signaling a positive start to the trading day as investors digest a wave of strong corporate earnings, particularly from the technology sector, and the Federal Reserve's recent interest rate decision. This premarket optimism follows a mixed session on Thursday, with major indexes poised to conclude both the week and the month in positive territory.Premarket Trading and Futures MovementsEarly Friday trading indicates a robust rebound, large ...

Core Insights - Pershing Square Capital Management, led by billionaire Bill Ackman, has acquired a stake in Amazon following a significant drop in its stock price, which fell over 30% from its peak of $242.06 in February due to concerns about competition in AI and potential impacts from tariffs [1][3] Company Performance - Amazon's stock price decline was attributed to fears that US tech companies are lagging in the AI sector after China's introduction of a low-cost language model, alongside worries about tariffs affecting supply chains [1] - Despite the challenges, Amazon is projected to maintain over 20% earnings per share growth, as stated by Pershing's Chief Investment Officer Ryan Israel [2][3] Financial Outlook - Amazon reported first-quarter cloud revenue growth but forecasted operating income below market estimates, indicating potential challenges ahead [4] - CEO Andy Jassy reassured shareholders that Amazon has not yet experienced a decline in consumer spending or price increases due to tariffs, although other retailers have adjusted their forecasts downward due to tariff-related pressures [4][5] Market Reactions - Following the announcement of Pershing's investment, Amazon shares rose over 2%, closing at $203.05 [3] - The broader retail environment is facing difficulties, with companies like Target reducing their annual forecasts amid declining consumer spending and tariff impacts [5]