Chinese food delivery and on-demand services app Meituan reported a quarterly loss due in part to Beijing’s antitrust fine against the company. Chinese e-commerce app Pinduoduo, meanwhile, reported a weaker-than-expected quarterly revenue amid growing concerns about slowing demand for online shopping. The two companies’ results for the quarter through September highlight the challenges facing...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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