Shares of Marvell Technology Inc ( MRVL ) jumped 7.86% to $64.34 during Monday’s session, driven by investor optimism following a breakthrough in U.S.-China trade negotiations. What To Know: The semiconductor firm, known for its data infrastructure products spanning cloud computing, 5G, AI and automotive applications, is seen as a major beneficiary of de-escalating trade tensions. The two global superpowers...

Shares of Chinese internet and gaming giant NetEase Inc ( NTES ) rose 3.2% to $106.80 Monday morning, following news that the U.S. and China had agreed to a temporary easing of tariffs. What To Know: The 90-day agreement, reached after high-level trade talks in Switzerland, will see most reciprocal tariffs reduced, from punitive rates of up to 125% down...

May 12 (Reuters) - Universal Music Group, the world's biggest music label, said on Monday it has appointed Matt Ellis as its new chief financial officer. Ellis, a former finance chief at Verizon Communications ( VZ ) , will succeed Boyd Muir, who was made chief operating officer of UMG in October 2024. The change will become effective on June...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...