Ancient mummified monk found inside golden Buddha
A gold statue of Buddha housed at Hungary's Natural History Museum has been discovered to contain the mummified body of an ancient Chinese monk. Gavino Garay reports.
Barclays confirmed its 2024 forecasts after it reported better-than-expected profits and income for the first quarter.
U.S. President Joe Biden will travel to Syracuse, New York, on Thursday to announce a preliminary agreement with memory chip maker Micron Technology for up to $6.14 billion in subsidies for two chip factories, the White House said. The agreement signed by the U.S. Commerce Department will fund facilities in New York and Idaho under the 2022 CHIPS and Science Act, which aims to boost domestic manufacturing of chips and reduce reliance on supplies from China and Taiwan. The Commerce Department said the federal grants would support the construction of a fabrication plant, or fab, in Clay, New York, a first step toward Micron's plans to invest about $100 billion in New York and create 13,500 jobs.
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.
The price of the metal has surged and BHP has bid for miner Anglo American, but the bull case for the metal is a bit more complicated than it seems.
More earnings from Big Tech companies roll in later today, with Microsoft and Alphabet reporting after the market close. Intel, Snap, Roku, and Western Digital also release results. The group follows Meta Platforms.
Microsoft is due to report March quarter earnings after the close of trading on Thursday, and you can be sure that the focus is going to be on the cloud and artificial intelligence. Demand for personal computers is showing signs of improvement, which could boost sales of Windows and Office software, among other things. Another focus will be growth in its Azure cloud-computing segment, which has been expanding faster than Amazon Web Services and Google Cloud.
When it comes to Alphabet stock, there are really two intertwined stories at play. On the one hand, the vast majority of the company’s revenue continues to come from advertising—from both Google search and, to a lesser extent, from YouTube. While the company’s Gemini chatbot offers a compelling experience, it remains to be seen how it will be monetized—and whether AI chatbots in general will steal queries away from Google search.
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