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Two Big Tech Names Are Giving Stocks a Boost
Barrons.com80d agoneutral
Two Big Tech Names Are Giving Stocks a Boost

Meta stock’s gains are leading the S&P 500 and the Magnificent Seven on Friday. The S&P 500 was up 0.2%, and the Dow gained 0.2%. The tech-heavy Nasdaq was up 0.1%. Meta stock was up 5.8%, adding to its best week since 2024, according to Dow Jones Market Data.

Bloomberg80d agoneutral
SK Hynix Open to Issuing More US Shares, SK Group Chairman Says

(Bloomberg) -- SK Hynix Inc. is open to issuing more US shares should returns prove strong and the company’s stock price remains stable, SK Group Chairman Chey Tae-won said.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsSK Hynix Raises $26.5 Billion in Biggest Foreign Debut in USPrabowo’s Clampdown on Indonesian Tycoons Fuels Capital FlightZuckerberg Pledges ‘Aggressive’ Pricing With Met

China approves fast-fashion giant Shein's Hong Kong listing bid
AFP80d agoneutral
China approves fast-fashion giant Shein's Hong Kong listing bid

Fashion titan Shein has won approval from China's market watchdog for its initial public offering application in Hong Kong, the China Securities Regulatory Commission said in a statement on Friday.- 'Selective reopening' - Beijing's approval signifies that "China is still supporting Hong Kong as a major offshore capital raising platform", Kelvin Lam, a China-focused economist at Pantheon Macroeconomics, told AFP. The US regulatory ban on Shein's listing bid in New York, which cited supply chain

Meta Platforms Jumps 6% on AI Cloud Ambitions: Can It Challenge Amazon and CoreWeave?
24/7 Wall St.80d agobullish
Meta Platforms Jumps 6% on AI Cloud Ambitions: Can It Challenge Amazon and CoreWeave?

Shares of Meta Platforms (NASDAQ:META) are up 6% in Friday morning trading, changing hands at $670 after Thursday’s close of $631.48. The move extends a hot stretch for Meta Platforms stock, which have climbed 15% over the past week. The catalyst is a rethink of what Meta Platforms is building. A Reuters-reported internal memo and ... Meta Platforms Jumps 6% on AI Cloud Ambitions: Can It Challenge Amazon and CoreWeave?

UK Places Major Cloud Providers Under Financial Sector Oversight (MSFT)
InvestorsHub80d agoneutral
UK Places Major Cloud Providers Under Financial Sector Oversight (MSFT)

The UK government has formally classified major cloud computing providers, including Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOG), Amazon (NASDAQ:AMZN) and Oracle (NYSE:ORCL), as critical third-party suppliers to the country’s financial services industry, subjecting them to direct regulatory supervision. The decision is intended to strengthen the resilience of banks, insurers and financial market infrastructure by reducing the risks associated with cyber incidents, operational failures and tech

Jim Cramer Says He Thought Amazon’s Bond Offering Would Hurt the Stock
Insider Monkey80d agoneutral
Jim Cramer Says He Thought Amazon’s Bond Offering Would Hurt the Stock

Amazon.com, Inc. (NASDAQ:AMZN) was among the stocks Jim Cramer shared his opinions on during Mad Money. Cramer mentioned the stock during the episode and commented: It’s the final area, the third flows of funds that really astounded me. I’m talking about a gigantic amount of money flew into what’s become the last place on earth […]

Jim Cramer Shows Dislike for the Discounted Capital Raise From Rivian
Insider Monkey80d agoneutral
Jim Cramer Shows Dislike for the Discounted Capital Raise From Rivian

Rivian Automotive, Inc. (NASDAQ:RIVN) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. Cramer called out worrisome deal pricing trends in the wake of the Rivian stock drop, as he remarked: What matters, though, is where […]

UK to regulate cloud service providers Microsoft, Google and others to protect financial stability
Reuters81d agoneutral
UK to regulate cloud service providers Microsoft, Google and others to protect financial stability

LONDON, July 10 () - Britain has designated cloud service providers Microsoft, Google, Amazon and Oracle as ‌critical third-party suppliers to its financial sector, bringing them ‌under direct regulatory oversight. The move is aimed at strengthening the resilience ​of financial firms by reducing the risk of widespread disruption from cyber attacks or technology outages.

Bloomberg81d agoneutral
Big Tech Doubles Debt Load to $350 Billion in AI Spending Spree

(Bloomberg) -- The largest builders of artificial intelligence data centers have doubled their debt load in the last five years, turning to borrowing to finance an unprecedented spending spree they claim is needed to transform the economy. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsZuckerberg Pledges ‘Aggressive’ Pricing With Meta’s First Pay-to-Use AITrump Vents Anger With Iran and

Corning (GLW) Lands Amazon Deal And Nvidia Tie Up For AI Fiber Expansion
Simply Wall St.81d agoneutral
Corning (GLW) Lands Amazon Deal And Nvidia Tie Up For AI Fiber Expansion

Corning (NYSE:GLW) has signed a multi billion dollar agreement with Amazon to expand US production of optical fiber products used in AI data centers. The company is partnering with Nvidia to grow domestic manufacturing capacity for advanced optical solutions that support AI computing. The initiatives are expected to add 1,000 jobs in North Carolina and increase US fiber output tenfold. For investors tracking AI infrastructure, Corning sits at an important intersection between communications...