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Author : Rohan Kumar

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Banking

Wall Street’s Biggest Banks Open Earnings Season as Rising Rates and Weaker Dealmaking Test Profits

Rohan Kumar
Wall Street’s biggest banks begin reporting third-quarter results today, giving investors their first broad look at how lenders have fared through a period of rising...
Technology

Hackers Heat Hundreds of French Supermarket Fridges to 50C in “Unprecedented” Cyberattack

Rohan Kumar
Hackers raised the temperature of refrigerators and freezers at hundreds of French supermarkets to as high as 50 degrees Celsius (122 Fahrenheit), spoiling food and...
Business

IonQ Agrees $1.3 Billion Deal for Elisity as the Quantum Race Moves Into Cybersecurity

Rohan Kumar
IonQ, the quantum computing company, has agreed to buy the cybersecurity firm Elisity in an all-stock deal valued at up to $1.3 billion. The move...
Banking

RBI Begins Rate Meeting With a Hike in Focus as Inflation, Costly Crude and a Weak Rupee Weigh on Policy

Rohan Kumar
India’s central bank has opened a closely watched policy meeting with the possibility of an interest-rate increase firmly on the table, as rising inflation, expensive...
Technology

Foxconn Reports 47% Jump in Quarterly Revenue as Demand for AI Servers Powers Record Sales

Rohan Kumar
TAIPEI — Foxconn, the world’s largest contract electronics maker, has posted a 47% jump in third-quarter revenue, offering one of the clearest signs yet that...
Business

Schneider Electric Agrees $22.6 Billion Takeover of PTC in Largest Deal in Its History

Rohan Kumar
PARIS — Schneider Electric has agreed to buy the US industrial software company PTC for about $22.6 billion in cash, a deal that ranks as...
Finance

US Treasury Yields Climb to Their Highest Levels in More Than Two Decades as Fed Minutes Loom

Rohan Kumar
The cost of lending to the US government rose to its highest level in more than two decades on Monday, as the benchmark 10-year Treasury...
Stock Market

Nasdaq Closes at Record High as Tech Giants Rally and Oil Prices Ease Ahead of Earnings Season

Rohan Kumar
NEW YORK — Wall Street opened the week on a confident footing on Monday, with the Nasdaq Composite closing at a fresh record as the...