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Samsung’s third-quarter profit surges 160% as chip business bounces back from brutal slump

Samsung’s third-quarter profit surges 160% as chip business bounces back from brutal slump

Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Samsung Electronics reported a rebound in earnings on Thursday, with operating profit more than doubling from the previous quarter on a rebound in its chip business.  Here are Samsung’s third-quarter results compared with LSEG SmartEstimate, which…

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Asia markets set for mixed open as Fed signals December rate cut not a certainty

Asia markets set for mixed open as Fed signals December rate cut not a certainty

A container ship sails past buildings in Busan, South Korea, on Thursday, Sept. 22, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set for a mixed open Thursday, after U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut in December was far from a “foregone…

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ServiceNow CEO says AI companies aren’t threatening enterprise software

ServiceNow CEO says AI companies aren’t threatening enterprise software

ServiceNow CEO Bill McDermott pushed back against the idea that artificial intelligence technology will make enterprise software redundant in a Wednesday interview with CNBC’s Jim Cramer. “We realize the world needs access to the great hyperscalers, and so we integrated with all three of them. So that’s a cooperative,” McDermott said. “The world’s going to…

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Debut Biotech partners with Image Skincare for personalized beauty

Debut Biotech partners with Image Skincare for personalized beauty

A Debut Biotech petri dish. Courtesy: Debut Biotech In a lab tucked away in southern California, scientists at Debut Biotech are testing molecules using advanced biotechnology to create new skincare formulations. The San Diego-based company, founded nearly seven years ago, is pioneering new ingredients to specially target various aspects of skin health. One of the…

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