Autor: Jane Austen

TOKYO (AP) — Nintendo’s profits tumbled as sales of its Switch console lost momentum, prompting the Japanese video-game maker to lower its full-year forecasts. Kyoto-based Nintendo Co., which created the Super Mario franchise, reported Tuesday an April-December profit of 237 billion yen ($1.5 billion), down 42% from the same period the previous year. Nine-month sales dropped 31% to 956 billion yen ($6 billion), according to Nintendo, which did not break down quarterly results. The company now expects to rake in a 270-billion yen ($1.7 billion) profit for the fiscal year through March, down from the previous forecast for 300-billion yen…

(Bloomberg) — KKR & Co.’s business of arranging financing for its portfolio companies and other firms reported record annual fees last year, driven by growth in structured-credit transactions. Most Read from Bloomberg The capital markets unit, led by Adam Smith, booked $1 billion of fees for 2024, up from $577.6 million a year earlier, the alternative asset manager said in a statement Tuesday, when it reported fourth-quarter results. That includes $131 million of loans originated for companies not owned by KKR and $139 million for structured-capital transactions, which include financing backed by assets, according to a person with knowledge of…

A compact neutrino detector has successfully identified antineutrinos at a nuclear power plant, marking a significant advancement in particle physics. Unlike conventional detectors that require massive infrastructure, this device weighs less than three kilograms. Despite its size, it effectively detected antineutrinos emitted from a nuclear reactor in Leibstadt, Switzerland. The experiment, which lasted 119 days, involved a detector composed of germanium crystals. Around 400 antineutrinos were recorded, aligning with theoretical predictions. Scientists believe this achievement could lead to improved testing of physics theories and potential applications in nuclear monitoring.Study Findings and Expert InsightsAccording to a study submitted to arXiv on…

(Bloomberg) — Oil pared losses on speculation that US President Donald Trump will impose tighter sanctions on Iran, which could threaten the country’s crude exports. Most Read from Bloomberg West Texas Intermediate was little changed near $73 a barrel after earlier tumbling as much as 3.4%. Ahead of Trump’s meeting with Israeli Prime Minister Benjamin Netanyahu, market participants are speculating that Trump may return to a maximum pressure campaign against Iran, an idea that was echoed by his pick for national security adviser ahead of his inauguration. Over the past four years, sanctions evasion and more relaxed US enforcement have…

Research by Reed reveals marketing salaries have grown just 3% compared to the national average of 6%. The marketing sector is lagging behind national salary increases, with just 3% growth compared to the national average of 6%, according to research conducted by recruitment company, Reed. Reed analysed more than 21 million job advertisements and asked 5,000 UK workers across sectors questions on their salary and benefits, with the research revealing some salaries have increased by up to 15%, while others have dropped by 11%. Within marketing, communications managers (15%) and SEO/PPC executives (9%) have seen the most substantial pay increases,…

One of Wall Street’s biggest Nvidia (NVDA) bulls is standing pat in the face of a fierce sell-off in the stock. BofA’s Vivek Arya reiterated Nvidia as his top pick for 2025 on Tuesday, ahead of a potentially catalyzing earnings report on Feb. 26. Arya’s price target of $190 assumes about 57% upside from current trading levels. Arya has one of the highest price target on Nvidia on the Street, as Yahoo Finance data below shows. «The [earnings] call could mark the trough in investor sentiment as: 1) we expect Nvidia to reassure on Blackwell execution, 2) Signal confidence around…

By Akash Sriram (Reuters) – Self-driving technology company Waabi said on Tuesday it has partnered with truckmaker Volvo’s driverless systems unit to develop and deploy big rigs that drive themselves. Fleets and truck manufacturers have been looking towards self-driving vehicle technologies to reduce costs and increase the time a truck can be on the road amid a driver shortage. Waabi, which is backed by Nvidia and Uber, and Volvo Autonomous Solutions will integrate the startup’s virtual driver system, sensors and computers into the Volvo VNL Autonomous truck that will be made at the Swedish giant’s New River Valley factory in…

The Johnnie Walker and Guinness owner cut marketing spend by 2% in the first half of the year, as the new CFO puts the emphasis on “rigour” and returns. Diageo’s new chief financial officer has said the company will be “a lot more focused on returns” across advertising, commercial execution and promotional activity. Addressing investors today (4 February) during the announcement of the company’s results for the six months ending 31 December 2024, Nik Jhangiani – who has been in post since September 2024 – emphasised a desire to drive greater returns across the business. “Whilst I remain fully committed…

Xiaomi’s 15 Ultra is turning out to be a feature-packed smartphone. While there is no confirmed launch date in sight, a Xiaomi representative recently revealed that the camera-centric flagship would be launched sometime in February this year. The device, according to a previous leak, will feature a unique rear camera setup and is tipped to go global in March at the upcoming Mobile World Congress 2025 (MWC 2025). There are now more details about its launch, thanks to a leaked poster along with a fresh new video suggesting its design.Spotted by GizmoChina, the leaked poster comes from Weibo. Although the…

Layoffs and other workforce reductions are continuing in 2025, following two years of significant job cuts across tech, media, finance, manufacturing, retail, and energy.While the reasons for slimming staff vary, the cost-cutting measures are coming amid a backdrop of technological change. In a recent World Economic Forum survey, some 41% of companies worldwide said they expected to reduce their workforces over the next five years because of the rise of artificial intelligence.Companies such as CNN, Dropbox, and IBM have previously announced job cuts related to AI. Tech jobs in big data, fintech, and AI are meanwhile expected to double by…