SK Hynix Inc. reported a five-fold jump in quarterly profit and reiterated plans to ratchet up its capex “significantly” this year, underscoring surging prices of memory chips that underpin global artificial intelligence development. (Source: Bloomberg)

SK Hynix Inc. reported a five-fold jump in quarterly profit and reiterated plans to ratchet up its capex “significantly” this year, underscoring surging prices of memory chips that underpin global artificial intelligence development.

Tesla Inc. plans to spend roughly $3 billion to build a research chip factory in Texas, according to Chief Executive Officer Elon Musk, an early phase of an effort to establish chip manufacturing at a massive scale.

The number of websites illegally selling access to child sex abuse images more than doubled last year, according to new research from the UK authority responsible for finding and removing such material from the internet.

Creditors to CDK Global have signed a cooperation agreement that binds them together in the event that the software company seeks talks on a potential debt deal, according to people familiar with the situation.

Tesla anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric-vehicle pioneer into an AI and robotics company. Bloomberg's Dana Hull reports on how investors are reacting. (Source: Bloomberg)

Gold was little changed as the US extension of a ceasefire with Iran left global markets grappling with a blockade of the Strait of Hormuz, impacting energy security and keeping inflation risks high.

Shares in Asia were primed for advances Thursday after robust US corporate results and the US said the truce agreed April 7 would stay in place indefinitely lifted Wall Street to a record.

The Iran war’s fallout has made the Philippine central bank’s next policy move a tough call: tighten to tame price pressures from the energy crunch, or stand pat to support a fragile economy.

Air miles are becoming a precious commodity as uncertainty grows about the outlook for ticket prices and the availability of flights.