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Groq has raised $350 million in funding at a $3.5 billion valuation, roughly half what it was worth nearly a year ago before Nvidia Corp. struck a licensing deal with the startup and hired away much of its talent.The financing, set to be announced Monday, was led by Dallas-based investment firm Disruptive. Nvidia is also set to invest in the round, according to a representative for Groq. Nvidia did not respond to a request for comment. Founded in 2016, Groq was among the companies developing the

Uber is teaming up with drone startup Zipline to take its delivery service to the skies, a move aimed at winning customers demanding ever-quicker turnaround times for takeout, grocery and retail orders.

Investing.com -- Analysts at Citi downgraded shares of SentinelOne and Netskope to Hold from Buy, saying the stocks have rallied sharply since April and now reflect expectations for a near-term demand inflection that may take longer to materialize.

Chief economist Jan Hatzius cited soft retail sales, weak employment data, and slowing inflation in a Sunday client note

Booming cloud demand is creating a costly financial tradeoff.

Investing.com -- Bernstein said global electric vehicle demand recovered in the second quarter, with the U.S. market showing signs of stabilization after a weak start to the year.

Investing.com -- L3Harris Technologies shares fell roughly 2.7% in premarket trading Monday after the defense contractor announced the immediate departure of CEO Christopher Kubasik following a conduct review.

L3Harris Technologies has parted ways with Christopher Kubasik, its chairman and chief executive, after determining that the executive had violated the defense contractor’s code of conduct.

Serve Robotics said on Monday it is partnering with Grubhub to fulfill orders on the food delivery ‌platform using its sidewalk delivery robots, tapping a new marketplace days after ‌its years-long tie-up with Uber Eats fell through. The San Francisco-based robotics company, known for its boxy, four-wheeled ​robots delivering Uber Eats and DoorDash orders, said its tie-up with Grubhub will initially launch in Chicago, Los Angeles and Alexandria. The partnership comes as Serve is set to lose its Uber delivery alliance early next year.

Many S&P 500 investors don't pay much attention to the number of letters in their stocks' symbols. But maybe they should.

Asking for a Trend Host, Josh Lipton breaks down what investors should be on the lookout for the week of Monday, August 17, including opening arguments in the Meta (META) social media addiction trial, earnings from Walmart (WMT), Target (TGT), Lowe's (LOW), and Home Depot (HD).

Alibaba Group Holding Ltd. launched the beta version of an artificial intelligence music-generation model that can turn a single text prompt into a fully produced song, expanding the Chinese technology giant’s push into generative AI.

Wall Street kicked off the week with a flurry of bold calls on some of the market's most closely watched names, and at least one stock just scored a target price hike of more than 50 percent from a major firm.

Micron shares are back with some momentum.

Investing.com - U.S. stock futures were mixed on Monday, with technology stocks pointing to a firmer open, as investors scaled back bets on an impending Federal Reserve rate hike and looked ahead to a fresh batch of retail-sector earnings this week.

US stock futures are treading water this morning, with traders caught between the Federal Reserve's next move and a fresh batch of retail earnings. Dow futures dipped 0.2%, the S&P 500 nudged up 0.1% after a third straight weekly gain, and the Nasdaq-100 added 0.5%. It's a quieter week...

U.S. stocks could be heading toward a tricky patch over the next two months, with midterm elections in focus, longer-dated Treasury bond yields trading at multiyear highs, and volatility readings suppressed. The equal weighted index of the is now up more than 17% for the year, volatility gauges are trading at the lowest levels since early January, and data suggest fading bets on an autumn Federal Reserve rate hike.

The Nasdaq-100 and S 500 were advancing but Dow futures were in the red as investors look ahead to U.S. Federal Reserve minutes on Wednesday.

The benchmark US stock measures were mostly pointing higher before the opening bell Monday as trader

Aug 17 (Reuters) - JioBlackRock Asset Management, a venture between India's Jio Financial Services and BlackRock said on Monday it will offer regular plans for eligible mutual fund schemes, allowing

Elon Musk once called burning fossil fuels the single dumbest experiment humanity has ever run. A closer look at SpaceX's IPO filing reveals he is now betting billions to do exactly that, and a federal lawsuit in Memphis may decide whether the rest of the AI industry follows.

Aaron Powell, who has been at the pizza chain since 2021, will leave his post following the close of its sale to LongRange Capital.

It’s all about retail earnings this week with Walmart, Home Depot, Target and Alibaba all set to report.

Also: GM and Ford clash over tariffs and trade policies; Chinese carrier opens Arctic shipping route.

Just be sure to look more than a year down the road.

Retail earnings roll out this week, more tariffs are coming, Elon Musk’s SpaceX holdings revealed, and more news to start your day.

Find insight on Maersk, Hapag-Lloyd, Rheinmetalland more in the latest Market Talks covering the auto and transport sector..

By Mike Dolan Aug 17 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A relatively quiet week ahead kicks off today in the shadow of the

Apple will change rules governing how app developers can use personal ‌data for targeted advertising on iPhones and iPads, ‌Germany's competition authority said on Monday, closing a years-long investigation. The Federal ​Cartel Office found that Apple's App Tracking Transparency framework gave its own apps more favourable consent prompts than those of third-party developers, potentially breaching competition rules. Apple has ‌four months to implement ⁠the changes after the decision is served.

Most retailers make their year around Christmas, but the festive season for home improvement is just winding down. Second-quarter results this week for Home Depot and Lowe’s, and numbers already released two weeks ago by Floor & Decor will make for a muted celebration. The three companies’ shares have lagged the S&P 500 by between 35 and 50 percentage points in the past year.