Netflix adds 13.1 million subscribers, tops revenue estimates as membership push gains steam

In a strong showing of growth, Netflix announced that it added 13.1 million subscribers during the second quarter, surpassing both its own projections and Wall Street expectations. The streaming giant's total membership now stands at a staggering 192.95 million worldwide. The company's success can be attributed to its aggressive...

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China Buys Near-Record $40 Billion of Chip Gear to Beat US Curbs

China experienced a substantial surge in the imports of chipmaking machinery in the past year, driven by increased investments by companies aiming to circumvent restrictions imposed by the United States, aimed at impeding the nation's semiconductor industry. According to Bloomberg calculations based on official customs data, imports of machinery...

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Bitcoin Retreats to One-Month Low as ETF-Led Enthusiasm Wanes

In a surprising turn of events, Bitcoin Retreats from its recent surge as regulatory scrutiny mounts across the globe. Bitcoin, the world's largest cryptocurrency, experienced a significant setback, causing investors to question the long-term stability of the digital asset. The sudden retreat comes amidst growing concerns over increased government...

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Synopsys to acquire graphics software maker Ansys in $35 billion tech deal

On Tuesday, semiconductor design and software firm Synopsys revealed its intention to acquire Ansys, an engineering and product design software firm, in a significant cash-and-stock transaction valued at around $35 billion. This acquisition stands out as one of the most substantial tech deals in recent times. As part of...

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