Oracle Corp. shares tumbled 11 percent on Thursday after the company reported earnings that intensified investor worries about the rising debt behind the industry’s race to build AI data centers.
Nvidia shares ticked up Tuesday after the world’s leading accelerated-computing powerhouse posted record third-quarter revenue of USD57.0 billion, a 22 percent jump from the previous quarter and a 62 percent surge from a year earlier, extending a scorching run fueled by relentless global demand for artificial-intelligence infrastructure.
Shares of Seagate Technology climbed 10 percent on Wednesday after the data storage company announced a USD500 million debt exchange agreement, a move seen by investors as easing its near-term financing pressure.
Amazon.com Inc. posted a surge in third-quarter profit, lifted by accelerating cloud demand and investment gains, even as hefty legal and restructuring costs weighed on operations.
President Ferdinand Marcos Jr. said more Filipino workers could receive higher minimum wages in the coming months as regional wage boards move closer to completing reviews that could lead to additional pay increases across the country.
Philippine Airlines (PAL) is ramping up flights to Japan and Australia ahead of the winter, Christmas, and New Year travel season, expecting strong demand from holidaymakers, overseas Filipinos, and business travelers while boosting cargo capacity on key international routes.
South Korean investments in semiconductors, shipbuilding, rail infrastructure, and energy are poised to accelerate the Luzon Economic Corridor (LEC), strengthening the Philippines' manufacturing base and reinforcing its role in regional supply chains.
As Filipino households become more cautious with everyday spending, Chowking is sharpening its value-for-money strategy, betting that affordable, satisfying meals will remain a key draw for consumers navigating higher living costs.