Investing.com - Shares in Phillips 66 (NYSE:PSX) rose in premarket U.S. trading on Tuesday after the Wall Street Journal reported that activist investor Elliott Investment Management has built up an over $2.5 billion stake in the oil refiner and is seeking changes to boost the company’s laggard stock price. The biggest change sought by Elliott is the divestiture of Phillips 66’s Houston-based ...
Investing.com -- Shares of Presight AI (NASDAQ:AI) edged down 0.5% despite the company reporting solid fourth-quarter results that exceeded expectations. Presight AI announced revenue of AED1,043 million, surpassing consensus estimates by 1.9% and exhibiting a significant year-over-year (YoY) surge of 46.2% from the previous year's fourth quarter. The company's earnings before interest, taxes, d ...
TAIPEI (Reuters) - Taiwan has sent officials to Washington to discuss possible U.S. tariffs by President Donald Trump, and has made preparations should they be imposed, Economy Minister Kuo Jyh-huei said on Saturday. Tech firms in Taiwan, home to the world's largest contract chipmaker TSMC, face the possibility Trump will follow through on threats to put tariffs on imported chips after he accusin ...
Investing.com -- The recent release of DeepSeek-R1, a powerful new reasoning model developed by the Chinese AI lab DeepSeek, has sent ripples through the technology sector. The model, which rivals OpenAI’s leading reasoning model, o1, has not only matched its performance on key math and logic benchmarks but has done so at a fraction of the cost. The implications of this development are signi ...