09:15 AM EDT, 04/11/2025 (MT Newswires) -- (Updates with stock moves in the last paragraph.) US chipmakers that outsource manufacturing to other countries will be exempt from China's retaliatory tariffs on American imports, Reuters reported Friday, citing a notice from the state-backed China Semiconductor Industry Association posted to the Weibo social media platform. Under the rules, Qualcomm ( QCOM )...

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,...

April 11 - BNY beat analyst expectation for the first-quarter profit on Friday, benefiting from growth in assets under custody which led to stronger fee-based revenue streams. The bank's fees, typically calculated as a percentage of assets under custody, benefited from the acquisition of new clients and heightened market volatility that led to investors aggressively revamping their portfolios to cushion...

Investment giant BlackRock ( BLK ), Inc. stock is trading higher after the company reported first-quarter 2025 results. Revenue grew 12% year over year (Y/Y) to $5.28 billion, missing the consensus of $5.60 billion.  Investment advisory, administration fees and securities lending revenues increased to $4.4 billion from $3.8 billion a year ago, led by higher organic base fees, the impact of market beta on average AUM, and around $285 million of...