BEIJING (Reuters) -Chinese tech giant Huawei reported a drop in net profit despite a jump in revenue on Thursday for the first nine months of the year, a statement to the Shanghai Clearing House showed. The firm recorded a 13.7% drop in nine-month net profit to 62.9 billion yuan ($8.83 billion) for the January-September period, the telecoms giant and smartphone...

Thursday, Oct. 31Coinbase's Base Adds Fault Proofs, Patching Achilles' Heel of Optimistic SetupThe U.S. crypto exchange Coinbase's layer-2 chain, Base, has enabled fault proofs on the main network, marking a key milestone on our path to decentralization. The announcement comes four months after Optimism — the layer-2 blockchain upon which Base's technology is built — added fault proofs, a core...

Oct 30 (Reuters) - Monolithic Power Systems ( MPWR ) forecast fourth-quarter revenue above Wall Street estimates on Wednesday, but guided for a sequential drop in sales as weak end-market demand for EVs potentially hampers sales of its power control products and semiconductors used in vehicles, offsetting AI-linked benefits. Shares of the Kirkland, Washington-based company fell about 9% in trading...

Oct 30 (Reuters) - Cognizant Technology Solutions ( CTSH ) beat Wall Street estimates for third-quarter profit on Wednesday, helped by recovery in demand as more businesses turn to the IT services provider. The results signal a recovery in the business environment, with clients increasingly relying on the IT and consulting services offered by Cognizant to digitize their business operations....