Category: 3. Business

  • More than mining, building generations of impact.

    More than mining, building generations of impact.

    Meet Fernanda Maldonado, Principal Planning & Technical in our Non-Operated Joint Ventures team. As a fourth-generation mining engineer, mining runs deep in her family – nearly 100 years of history. 

    Since joining BHP seven years ago, Fernanda has worked across regions from the Ecuadorian jungle to remote Canada, discovering the global impact of mining and the role BHP plays in shaping its future. 

    “I can only imagine my great-grandfather digging rocks in a remote polymetallic mine in Andean Peru back in the 20´s being told his great granddaughter was not only working in mining but also part of the biggest mining company in the world!”

    Fernanda is proud to be part of a company that provides resources to develop the world and the investments that help build communities around it.

    Our 140th anniversary is not just a celebration of the past; it’s a launchpad for the future. We’re investing in the resources, relationships, and innovations that will shape a more sustainable and inclusive world.

    Each chapter in the BHP story is driven by meeting the changing needs of the world.

    But it’s the character of our people that will continue to make all the difference.

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  • Nvidia-supplier SK Hynix third-quarter profit jumps 62% to a record high

    Nvidia-supplier SK Hynix third-quarter profit jumps 62% to a record high

    A man walks past a logo of SK Hynix at the lobby of the company’s Bundang office in Seongnam on January 29, 2021.

    Jung Yeon-Je | AFP | Getty Images

    South Korea’s SK Hynix, one of the world’s largest memory chipmakers, on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative AI chipsets.

    Here are SK Hynix’s third-quarter results versus LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:

    • Revenue: 24.45 trillion won ($17.13 billion) vs. 24.73 trillion won
    • Operating profit: 11.38 trillion won vs. 11.39 trillion won

    Revenue rose about 39% in the September quarter compared with the same period a year earlier, while operating profit surged 62%, year on year.

    On a quarter-on-quarter basis, revenue was up 10%, while operating profit grew 24%.

    SK Hynix makes memory chips that are used to store data and can be found in everything from servers to consumer devices such as smartphones and laptops.

    The company has benefited from a boom in artificial intelligence as a key supplier of high-bandwidth memory or HBM chips used to power AI data center servers. 

    “As demand across the memory segment has soared due to customers’ expanding investments in AI infrastructure, SK Hynix once again surpassed the record-high performance of the previous quarter due to increased sales of high value-added products,” SK Hynix said in its earnings release. 

    HBM falls into the broader category of dynamic random access memory, or DRAM — a type of semiconductor memory used to store data and program code that can be found in PCs, workstations and servers.

    SK Hynix has set itself apart in the DRAM market by getting an early lead in HBM and establishing itself as the main supplier to the world’s leading AI chip designer, Nvidia

    However, its main competitors, U.S.-based Micron and South Korean-based tech giant Samsung, have been working to catch up in the space.

    “With the innovation of AI technology, the memory market has shifted to a new paradigm and demand has begun to spread to all product areas,” SK Hynix Chief Financial Officer Kim Woohyun said in the earnings release.

    “We will continue to strengthen our AI memory leadership by responding to customer demand through market-leading products and differentiated technological capabilities,” he added.

    The HBM market is expected to continue to boom over the next few years to around $43 billion by 2027, giving strong earnings leverage to memory manufacturers such as SK Hynix, MS Hwang, research director at Counterpoint Research, told CNBC.

    “[F]or SK Hynix to continue generating profits, it’ll be important for the company to maintain and enhance its competitive edge,” he added.

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  • Celestica CEO explains the company’s role in the AI boom

    Celestica CEO explains the company’s role in the AI boom

    Celestica CEO Rob Mionis explained how his company designs and manufactures infrastructure that enables artificial intelligence in a Tuesday interview with CNBC’s Jim Cramer.

    “If AI is a speeding freight train, we’re laying the tracks ahead of the freight train,” Mionis said.

    He pushed back against the notion that the AI boom is a bubble, saying that the technology has gone from a “nice to have” to a “must have.”

    Celestica reported earnings Monday after close, managing to beat estimates and raise its full-year outlook. The stock hit a 52-week high during Tuesday’s session and closed up more than 8%. Celestica has had a huge run over the past several months, and shares are currently up 253.68% year-to-date.

    Mionis described some of Celestica’s business strategies, including how the Canadian outfit chose to move away from commodity markets and into design and manufacturing. He told Cramer that choice “has paid off in spades” for his company.

    Celestica’s focus on design and manufacturing enables the company to “consistently execute at scale,” he added.

    He detailed Celestica’s data center work, saying the company makes high-speed networking and storage system for hyperscalers, digital native companies and other enterprise names.

    Mionis praised the company’s partnership with semiconductor maker Broadcom, saying Celestica uses Broadcom’s silicon in a lot of its designs.

    “What it means for us is when they launch a new piece of silicon — so the Tomahawk 6 is their 1.6 terabyte silicon — when they launch that into the marketplace, they’ll work with us to develop products, and those products end up in the major hyperscalers.”

    Jim Cramer’s Guide to Investing

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  • Honda Presents World Premiere of Super-ONE Prototype Compact EV at Japan Mobility Show 2025

    Honda Presents World Premiere of Super-ONE Prototype Compact EV at Japan Mobility Show 2025

    With the grand concept defined as “e: Dash BOOSTER,” the Super-ONE Prototype was developed as a compact EV designed to transform everyday mobility into an exciting and uplifting experience by adopting a variety of features that make the in-vehicle experience more enjoyable for customers. The name “Super-ONE” represents the aspiration of Honda to create a vehicle that transcends conventional norms and standards (“super”) and delivers customer value unique only to Honda (“one and only”).

    In addition to excellent environmental performance and usability for everyday use, the “fun of driving” characteristics unique to Honda were pursued for the Super-ONE Prototype. By adding features designed to stimulate all of the driver’s senses to the “joy of driving” realized by sporty driving only small EVs can achieve, the Super-ONE Prototype offers customers an exciting and uplifting driving experience.
    Leveraging the lightweight platform advanced for N Series models, the Super-ONE Prototype realizes sporty and nimble driving. In addition, its wide stance with extended tread, realized by prominently flared blister fenders, enables a stable and dynamic driving experience.

    Moreover, Boost Mode, developed exclusively for this model, increases the power output to enable the power unit to fully unleash its performance potential, while also synchronizing the simulated 7-speed transmission and the Active Sound Control system to generate powerful engine sound and sharp gearshift feel, as if driving an engine-powered vehicle with a traditional multi-gear transmission. In Boost Mode, the Super-ONE Prototype stimulates the driver’s senses — including visual and auditory senses, as well as a tactile sensation of acceleration and vibration — offering an uplifting EV driving experience.  

    The Super-ONE Prototype has undergone extensive testing on various road surfaces and under diverse climate conditions in Japan, the UK, and other countries across Asia to further enhance its driving performance. In July 2025, the Super EV Concept, the concept model that became the basis for the Super-ONE Prototype, was exhibited and took part in a dynamic run on the iconic hill climb course at the Goodwood Festival of Speed 2025, held in West Sussex, UK.  With its powerful driving performance, the Super EV Concept showcased to the world the new possibilities of a new joy of driving unique to Honda EVs.

    Honda is planning to launch the production model based on the Super-ONE Prototype in Japan starting in 2026, followed by other regions with strong demand for compact EVs, such as the U.K. and various Asian countries*.

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  • What’s likely to move the market in the next trading session

    What’s likely to move the market in the next trading session

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  • Saudi Arabia’s New Power Play Is Exporting A.I. to the World – The New York Times

    1. Saudi Arabia’s New Power Play Is Exporting A.I. to the World  The New York Times
    2. Blackstone, Saudi AI Firm Humain Ink $3 Billion Data Center Deal  Bloomberg.com
    3. Saudi Arabia to Become Hotspot for AI Data Centres  Data Centre Magazine
    4. Enterprise AI platform HUMAIN ONE launches with strategic partners EY, Groq and Replit  Consultancy-me.com
    5. Saudi AI firm Humain targets dual listing on Tadawul, NYSE in 4 years, says CEO  Arab News PK

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  • Royal Caribbean sees cruise demand accelerate – but here’s why the stock is dropping

    Royal Caribbean sees cruise demand accelerate – but here’s why the stock is dropping

    By James Rogers

    Royal Caribbean beat profit expectations and raised its full-year outlook, but revenue missed the mark, as customers are still waiting until the last minute to book cruises

    Cruise operator Royal Caribbean Group reported third-quarter results before market open.

    Royal Caribbean Group shares fell Tuesday as the cruise operator’s revenue again came up short, despite better-than-expected quarterly profit and an improved full-year outlook.

    Consumers are still spending on affordable luxuries such as cruises, Royal Caribbean (RCL) said, noting that demand is accelerating. The company also saw higher-than-expected close-in demand during the third quarter, indicating that consumers waited till the last minute to make bookings.

    Last month, rival Carnival Corp.’s (CCL) third-quarter results broke several records amid strong cruise demand.

    In a statement, Royal Caribbean Chief Executive Jason Liberty highlighted the company’s “strong booked position,” which he said gives it confidence about 2026 and beyond.

    “Consumers continue to prioritize experiences and make room in their budgets for meaningful vacations,” Liberty said during a conference call to discuss the results. Citing Royal Caribbean’s research, the CEO added that roughly three-quarters of consumers intend to spend the same or more on vacations over the next 12 months, a level that has remained consistent for several quarters.

    Third-quarter revenue rose to $5.14 billion from $4.89 billion in the prior year’s quarter, but that was just below the average analyst revenue estimate compiled by FactSet of $5.17 billion. That marked the fifth straight quarterly revenue miss.

    Investors didn’t seem happy, as Royal Caribbean’s stock fell nearly 9% on Tuesday. Ahead of the results, the stock had already fallen 12.5% since it closed at a record $365.84 on Aug. 28.

    Within the company’s total revenue, passenger-ticket revenue rose 4.8% to $3.64 billion. Analysts surveyed by FactSet were looking for $3.66 billion. Onboard and other revenue rose 6.1% to $1.502 billion, just above the FactSet consensus estimate of $1.498 billion.

    Net yields, a measure of revenue per available cruise day, rose 2.8%, but that was below expectations for a 3.2% increase.

    Net income for the quarter rose to $1.58 billion from $1.11 billion in the prior year’s comparable quarter. Adjusted earnings per share, which excludes special items, rose to $5.75 from $5.20, beating the FactSet consensus estimate of $5.69.

    For 2025, Royal Caribbean raised its adjusted EPS outlook to a range of $15.58 to $15.63 from its prior guidance of a range of $15.41 to $15.55. The company maintained its full-year outlook for net yields, which are expected to increase 3.5% to 4%.

    For the fourth quarter, Royal Caribbean expects adjusted earnings between $2.74 and $2.79, below the FactSet consensus estimate of $2.90. Net yields are expected to increase 2.6% to 3.1%, driven by both ticket and onboard spending. Analysts surveyed by FactSet are looking for a 3.9% increase.

    The company’s results weighed on shares of rivals Carnival, which slid more than 5%, and Norwegian Cruise Line Holdings Ltd. (NCLH), which also fell about 5%.

    Royal Caribbean shares have risen 26.3% in 2025, outpacing the S&P 500 index’s SPX gain of 17%.

    -James Rogers

    This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

    (END) Dow Jones Newswires

    10-28-25 1849ET

    Copyright (c) 2025 Dow Jones & Company, Inc.

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  • Teck’s 2025 QB Operations Site Visit November 3, 2025

    Teck’s 2025 QB Operations Site Visit November 3, 2025

    Vancouver, B.C. – Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer, Jonathan Price and members of Teck’s executive management team will be presenting on Monday, November 3, 2025 from 10:55 a.m. to 1:30 p.m. Eastern / 7:55 a.m. to 10:30 a.m. Pacific time as part of Teck’s QB Operations Site Visit.

    A webcast to view the event will be held as follows:

    Date: Monday, November 3, 2025
    Time: 10:55 a.m. ET / 7:55 a.m. PT
    Listen-Only Webcast: here

    An archive of the webcast will be available at teck.com within 24 hours.

    About Teck
    Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

    Investor Contact:
    Ellen Lai
    Coordinator, Investor Relations
    604.699.4257
    ellen.lai@teck.com

    Media Contact:
    Dale Steeves
    Director, External Communications
    236.987.7405
    dale.steeves@teck.com

     

    25-28-TR

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  • AI-Based ECG Analysis Significantly Improves STEMI Detection, Reduces False Activations

    AI-Based ECG Analysis Significantly Improves STEMI Detection, Reduces False Activations

    Artificial intelligence (AI)-based echocardiogram (ECG) analysis significantly improved STEMI detection, reduced false activations and enhanced recognition of nonconventional presentations, according to research presented at TCT 2025 and simultaneously published in JACC: Cardiovascular Interventions. These findings support the integration of AI-based ECG analysis into acute chest pain pathways.

    In one of the first large, real-world evaluations of an AI-based ECG model for STEMI triage in the emergency setting, investigators retrospectively analyzed the Queen of Hearts algorithm (PMcardio) in 1,032 patients with suspected STEMI who triggered cardiac catheterization laboratory activation at three geographically diverse PCI centers from January 2020 through May 2024. Patients were identified using activation logs maintained for ACC’s Chest Pain – MI Registry and ACC’s CathPCI Registry.

    Index ECGs underwent both standard triage and blinded retrospective AI ECG analysis, which was trained to detect benign mimics and acute coronary occlusion. Of note, the reference standard was an angiographically confirmed culprit lesion with positive enzymes, and diagnostic accuracy, subgroup analyses and false-positive activation (FPA) classification were compared.

    Of included patients (all ≥18 years old), 601 (58%) had confirmed STEMI. The AI ECG model outperformed standard triage by reducing FPA rates (8% vs. 42%), demonstrating higher index sensitivity (92% vs. 71%) and improving specificity (81% vs. 29%) (all p<0.001). Additionally, the AI ECG model area under the curve was 0.94, and it maintained consistent performance across clinically challenging subgroups, and reclassified 91% of biomarkers correctly.

    In presenting the findings, Timothy D. Henry, MD, FACC, said, “These results indicate that AI-enhanced STEMI diagnosis at the first medical contact has the potential to shorten time to treatment and reduce false activations. This technology may be especially valuable in optimizing the transfer of STEMI patients from non-PCI centers to ensure timely and appropriate care.” However, he adds that moving forward, prospective implementation studies are needed to confirm real-world effectiveness.

    In accompanying editorial comment, Mohamad Adnan Alkhouli, MD, FACC, and Abdullah Al-Abcha, MD, note the “remarkable progress” of the integration of AI into cardiovascular medicine. They add that the authors “should be commended for developing an operational AI model aimed at addressing one of the most complex and error-prone aspects of interventional cardiology practice – STEMI activation.”


    Clinical Topics:
    Acute Coronary Syndromes, Invasive Cardiovascular Angiography and Intervention, Interventions and ACS, Interventions and Imaging, Angiography, Nuclear Imaging


    Keywords:
    Transcatheter Cardiovascular Therapeutics, TCT25, Acute Coronary Syndrome, Angiography

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  • Here’s why Oreo maker Mondelez gave Wall Street a cloudier outlook for the year

    Here’s why Oreo maker Mondelez gave Wall Street a cloudier outlook for the year

    By Claudia Assis

    Mondelez says it reached ‘peak cost’

    Oreo maker Mondelez said it expects revenue growth of about 4%, versus a 5% growth projection it gave markets in July

    Mondelez International Inc., the maker of Oreo cookies, Ritz crackers and Sour Patch Kids candy, said late Tuesday it reached “peak costs” and dialed down its expectations for the year.

    Chicago-based Mondelez (MDLZ) said that it expected “challenging conditions” to continue in some markets, although it was encouraged by a recent moderation in cocoa prices and signs of a strong cocoa crop this year. Mondelez’s brands also include chocolate and candy maker Cadbury, Toblerone and Brazil’s Lacta chocolates.

    “Our teams are focused on executing clear plans for volume improvement, significantly increasing growth investments, and driving meaningful cost efficiencies,” Chief Executive Dirk Van de Put said in a statement.

    The company said it expects revenue growth of about 4%, versus a 5% growth projection it gave markets in July. It said its adjusted per-share earnings would drop about 15%, whereas it called for a decline of around 10% in EPS in July.

    Mondelez repeated its assertion that the outlook was given “in the context of greater-than-usual volatility, including due to geopolitical, trade and regulatory uncertainty and commodity prices.” It added that it also does not reflect any potential tariff changes to the U.S.-Mexico-Canada trade agreement.

    Revenues rose in Latin America, Europe, Asia, the Middle East and Africa but declined in North America, Mondelez said. The company reported adjusted earnings of 73 cents a share on revenue of $9.7 billion, right around Wall Street expectations.

    The stock dived nearly 5% in the after-hours session Tuesday, after ending the regular trading day down 2.4%.

    Related: Some people are spending $200 on Halloween candy – and others are skipping the holiday – as ‘greedy’ trick-or-treaters spoil the fun

    -Claudia Assis

    This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

    (END) Dow Jones Newswires

    10-28-25 1756ET

    Copyright (c) 2025 Dow Jones & Company, Inc.

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