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AMD to resume MI308 AI chip exports to China
The decision to continue evaluating export licenses for AMD’s AI chips could influence the company’s revenue from the Chinese market and affect broader trade dynamics in the semico...
Read Full Article →It's a huge week for crypto in DC But the industry may not get everything it wants
The progress of new regulatory measures for digital currencies in Washington faces potential delays due to political disagreements, which may affect the future framework and valuat...
Read Full Article →MP Materials stock rips 24% higher after $500 million Apple deal for rare earth magnets
The agreement with Apple to supply rare earth magnets is expected to substantially boost MP Materials' revenue and strengthen its position in the growing market for advanced techno...
Read Full Article →Bitcoin is nearly double where it was a year ago. This is what's behind the run
Several companies have begun adopting bitcoin as part of their asset management strategies, contributing to its substantial increase in value compared to the previous year.
Read Full Article →JPMorgan Chase tops estimates on stronger-than-expected trading, investment banking
JPMorgan Chase reported second-quarter results exceeding projections, driven by increased revenue in fixed income trading and investment banking, reflecting improved market conditi...
Read Full Article →Inflation picks up again in June, rising at 2.7% annual rate
The annual rise in consumer prices to 2.7% in June indicates a continuing increase in the overall cost of goods and services, which can impact purchasing power and economic decisio...
Read Full Article →Coreweave stock pops after company announces $6 billion AI data center in Pennsylvania
CoreWeave’s recent announcement of a major $6 billion investment in an AI data center in Pennsylvania has contributed to increased investor interest and a significant rise in the c...
Read Full Article →Amazon-backed Anthropic rolls out Claude AI for financial services
Anthropic has introduced Claude AI to assist financial experts in evaluating investments, examining market trends, and performing research, potentially enhancing decision-making pr...
Read Full Article →Tesla’s Model Y debuts in India priced at a hefty $70,000 as the EV maker 'tests the waters'
Tesla's introduction of the Model Y in India at a premium price point signals its strategy to target affluent buyers and position itself alongside established luxury automotive bra...
Read Full Article →The UK’s budget gap is widening and markets want to know Reeves’ fix
Rachel Reeves’ forthcoming Mansion House speech is anticipated to outline strategies aimed at addressing the increasing fiscal deficit and restoring economic momentum in the United...
Read Full Article →Japan bond yields hit multi-decade highs as fiscal fears mount ahead of election
The rise in Japan’s 10-year government bond yields to levels not seen since 2008 reflects growing investor concerns about the country’s fiscal stability prior to the upcoming elect...
Read Full Article →Port of Los Angeles sees record container traffic as shippers race to beat Trump's tariff deadlines
The Port of Los Angeles experienced unprecedented container activity in June, driven primarily by accelerated shipments aiming to avoid upcoming tariff increases rather than a genu...
Read Full Article →Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk
Fintech stocks recovered on Monday following analyst reassurances that JPMorgan's proposed bank data access fees are unlikely to significantly affect the sector's overall financial...
Read Full Article →Despite tariff uncertainty, Huntington Bancshares CEO says 'the core economy is really performing we...
Huntington Bancshares CEO Steve Steinour expressed confidence in the economy's trajectory, indicating that key financial indicators remain strong despite ongoing concerns about tra...
Read Full Article →Deal-making across Wall Street is ramping up, Jim Cramer says
Increased corporate transactions on Wall Street indicate a potential rise in market activity, suggesting investors may encounter more opportunities and volatility in the near futur...
Read Full Article →Trade Desk's stock jumps on S&P 500 inclusion as Ansys exits index due to acquisition
The addition of The Trade Desk to the S&P 500 reflects its growing market value and influences investor portfolios, while Ansys's removal following a buyout highlights notable shif...
Read Full Article →Elon Musk looms over jury selection in Tesla Autopilot fatality trial
Elon Musk’s involvement in a high-profile Tesla crash case highlights potential financial risks for the company as the trial progresses and legal scrutiny intensifies.
Read Full Article →Cognition to buy AI startup Windsurf days after Google poached CEO in $2.4 billion licensing deal
The acquisition of Windsurf by Cognition, following a major executive departure, involves a multi-billion-dollar licensing agreement and will expand Cognition's intellectual proper...
Read Full Article →Jim Cramer makes the case for why Apple and investors should stick with CEO Tim Cook
Jim Cramer emphasizes that Tim Cook’s leadership has consistently generated substantial returns for shareholders, suggesting that maintaining his position is financially advantageo...
Read Full Article →Inflation report Tuesday should provide clues on the impact tariffs are having on prices
Tuesday's inflation data is expected to offer insights into how recent trade policies may be influencing consumer prices, potentially affecting economic decisions and market expect...
Read Full Article →Trump to end student loan payment pause: Borrowers have ‘a short window’ to act, advocate says
Borrowers currently benefiting from the interest-free suspension on student loans should prepare for repayments to resume soon, potentially increasing overall debt levels as the te...
Read Full Article →Rocket Lab stock jumps 8%, building on strong two-month rally
Since going public on the Nasdaq in August 2021 as RKLB, Rocket Lab's market capitalization has increased significantly, now exceeding $19 billion following recent notable gains.
Read Full Article →Starbucks employees to return to the office four days a week — or take a payout
Requiring staff to work on-site most days could reduce operational costs and improve productivity, potentially supporting the company’s efforts to enhance financial performance and...
Read Full Article →Trump threatens 100% tariffs on Russian export buyers unless Ukraine peace deal is reached by Septem...
Imposing steep import duties on Russian goods may significantly impact major energy-importing nations like China, India, and Brazil, potentially disrupting their supply chains and...
Read Full Article →Trump tariffs don't cause inflation because of 'patriotism' buying: WH advisor
The recent tariff increases on various goods, including copper, are considered by a White House advisor to have minimal impact on rising prices due to consumer preference for domes...
Read Full Article →Meta CEO Zuckerberg says first AI data supercluster will come online in 2026
Mark Zuckerberg announced intentions to allocate substantial funding toward advanced AI technology, expecting a major data processing system to be operational by 2026, highlighting...
Read Full Article →Nearly one third of major U.S. housing markets now see falling home prices
A significant portion of prominent U.S. housing areas are experiencing declines in property values as increased inventory and elevated mortgage costs contribute to reduced price gr...
Read Full Article →India's inflation cools to 2.1% in June, extending slide to more than 6-year lows
The recent decrease in consumer price growth to its lowest level in over six years may influence interest rates and impact economic policies in the coming months.
Read Full Article →Musk says he does not support a merger between Tesla and xAI but backs investment
Elon Musk’s endorsement of funding xAI while opposing a merger with Tesla highlights a strategic decision affecting the allocation of resources and potential growth trajectories wi...
Read Full Article →Bitcoin hits new all-time highs as it crosses past $120,000, fueled by ETF inflows
The recent surge in Bitcoin’s value beyond $120,000 reflects increased investor interest and capital inflows through exchange-traded funds, highlighting growing market confidence a...
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