Grayscale's Once-Mighty Fund Is Bleeding Bitcoin

The asset manager has resisted a significant fee cut, insisting that rising bitcoin prices will continue to buoy its fortunes. 


 
AI Chips Drive Growth at TSMC

The semiconductor giant's CEO expects AI to account for a fifth of the company's revenue by 2028 amid what he called insatiable demand. 


 
Nokia Expects Demand in Mobile Networks to Pick Up

Nokia posted first-quarter earnings that beat expectations and said the period marked the low point in mobile networks demand, with activity expected to progressively pick up through the remainder of 2024. 


 
EasyJet Sees Narrower Loss as Travel Demand Builds

EasyJet expects to report a headline pretax loss of roughly $423 million-$448 million in the first half, with demand for summer bookings continuing to build. 


 
BP to Simplify Structure, Trim Leadership Team

BP said the changes are part of a plan to turn it into an integrated energy company and invest more in low-carbon activities. 


 
Hipgnosis Agrees to $1.4 Billion Concord Takeover

Hipgnosis, home to the catalogue of artists such as Neil Young, Shakira and Red Hot Chili Peppers, has agreed to a $1.4 billion takeover by Apollo-backed music company Concord Chorus. 


 
Apple to Spend More Than $250 Million to Expand Singapore Hub

Apple will invest more than $250 million to expand a regional hub in Singapore to support growth and new undertakings in artificial intelligence, as the U.S. tech giant seeks to diversify its footprint in Asia and cut exposure to China. 


 
TikTok Ban Measure Attached to House Foreign Aid Bill, Boosting Odds of Passage

The legislation would extend the sale period for the popular Chinese-controlled app in the U.S. to seek new owners. 


 
Google Fires 28 Employees for Protesting Company's Cloud Deal With Israel

A joint contract with Amazon has drawn the ire of tech workers. 


 
Danone Backs Outlook as Sales, Volumes Beat Estimates

Danone said it expected like-for-like sales growth of between 3% and 5% in 2024, and confirmed it anticipated a moderate improvement in recurring operating margin.


(END) Dow Jones Newswires

04-18-24 0715ET