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U.S. stock futures edged higher in the overnight session on Wednesday as markets assessed risks from the U.S.-Iran war and the Federal Reserve’s inflation concerns.
Mike Novogratz, CEO of Galaxy Digital Inc., pledged on Monday that the company will match the federal government’s initial $1,000 funding to the “Trump Accounts” program for eligible children of employees. Novogratz Hails ‘Trump Accounts’ Initiative Novogratz, who was present...
Tesla (TSLA) has spent years turning the Model Y into the benchmark for electric SUVs. That supremacy has been a big advantage for Tesla. It has scale, brand awareness, manufacturing knowledge, and a car that helped define the electric vehicle category for the mainstream market. But Rivian ...
Netflix used to be the easy app. One password covered a whole family, and the hardest decision most nights was what to watch. That version of the service began disappearing in 2023, when Netflix started charging extra for accounts shared outside a single household. The password crackdown was never ...
China's top memory chipmaker Changxin Memory Technologies (CXMT) said on Thursday it will start book-building on July 15 for its Shanghai initial public offering as it seeks to raise 29.5 billion yuan ($4.34 billion). CXMT, long seen as a technological laggard compared with global leaders Samsung Electronics and SK Hynix, will take investor subscriptions on July 16 for its IPO, according to a stock exchange filing. CXMT's mega IPO comes amid rising volatility in global memory chip shares.
When Paramount Chief Executive David Ellison unveiled his company’s $81 billion deal for Warner Bros. Discovery he touted a new golden era for Hollywood—one built on scale, technology and a promise to release at least 30 theatrical movies a year. The combined company is set to emerge with nearly $80 billion in debt—a burden that could weigh on decisions ranging from content spending and streaming investments to news operations and sports rights. Its net debt is projected to equal roughly 6.5 times annual earnings before interest, taxes, depreciation and amortization after the deal closes as soon as this month, a level that analysts consider high for a media company.
President Donald Trump highlighted the launch of Trump Accounts during a July 6 White House event, days after the federal savings program became available. Parents, legal guardians and other authorized individuals can now begin opening accounts for eligible children. Here’s...
Long-tenured workers like cashier Tony Barzar are reliable, experienced and able to speed shoppers through a checkout line. Costco is willing to pay to keep them around.
Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow, Thursday, July 9, including PepsiCo (PEP) earnings, fresh housing data in the form of US existing home sales and mortgage rates, and the latest reading on initial jobless claims.
Anadolu/Getty Images Blue Origin is tapping outside investors for the first time, reportedly looking to raise $10 billion at a $130 billion pre-money valuation, a sign that appetite for private space companies has persisted past SpaceX’s blockbuster IPO. Blue Origin’s decision to raise outside capital coincides with a rise in investor interest in space startups, not for rocket launches but as key AI infrastructure via data centers in space. In a May CNBC interview, Jeff Bezos said space data cen
By Dawn Chmielewski and Jody Godoy July 8 (Reuters) - U.S. states concerned that Paramount's $110 billion acquisition of Warner Bros.
Sometimes a stock does so well that Wall Street starts worrying about its price. That is roughly where Delta Air Lines (DAL) finds itself this week. Financial research firm Raymond James still likes the business, but it thinks the near-term gains have already been made after ...
It looks like John Deere owners can soon feel free to fix their own machines. The Federal Trade Commission and attorneys general from several states secured a right-to-repair settlement Wednesday with agriculture equipment giant Deere & Co. — commonly known as John Deere — that requires the company to let farmers and independent shops fix their own equipment.
Facebook and Instagram parent Meta said Wednesday it will invest more than US$9.1 billion to build its first artificial intelligence data center in Canada and its largest outside the United States. The facility will be built in Sturgeon County, Alberta, and powered by a natural gas-fired plant being developed by a consortium that includes Calgary-based Pembina Pipeline Ltd. Technology and Innovation Minister Nate Glubish called the project “a big deal for Alberta,” saying the province had created a regulatory framework to attract data center investment.
(Bloomberg) -- S&P Global Ratings cut Harley-Davidson Inc.’s credit grades to junk status on Wednesday, citing the company’s strategy to start selling lower-cost motorcycles to boost revenue. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaStocks Fall as US-Iran Jit
Tesla CEO (TSLA) Elon Musk is back again, pushing one of his boldest claims about the AI boom, in which the technology might eventually make work optional. Musk first made that prediction at the U.S.-Saudi Investment Forum. Sitting alongside Nvidia CEO Jensen Huang, Musk told the crowd, “My ...
Bitcoin was trading near $62,068 at press time, down 3.5% in the past 24 hours and still roughly 50% below its October 2025 peak of $126,000. The extended slump is proving costly for companies that leaned hard into Bitcoin as a treasury asset. Strategy (NASDAQ: MSTR), long known for its ...
Automation firm Honeywell Technologies on Wednesday raised its second-half and full-year profit targets for 2026 after completing a one-for-two reverse stock split. The company, formerly Honeywell, proceeded with the split after spinning off and listing its aerospace arm, Honeywell Aerospace, last month. Honeywell Technologies expects second-half adjusted earnings per share in the range of $4.40 to $4.70, compared with $2.20 to $2.35 earlier.
By Pete Schroeder WASHINGTON, July 8 (Reuters) - Stocks were mostly lower and oil prices rose on Wednesday after U.S.
U.S. stocks were mostly lower after President Trump said the ceasefire with Iran was over, suggesting the latest exchange of attacks near the Strait of Hormuz could continue. The tech-heavy Nasdaq Composite rose 51.96, or 0.2%,to 25870.65, as beaten-down semiconductor stocks recouped some losses. The most significant tensions since the June peace deal began with Iranian attacks on ships in the Strait of Hormuz earlier this week, which set back efforts to reopen the strategic waterway.
Markets tumbled after President Trump said the ceasefire with Iran may be over. Speaking in Turkey at the NATO summit, the president said the U.S. was likely to continue strikes. The Nasdaq Composite, however, managed a 0.2% gain.
SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company's most intelligent offering to date designed for coding and agentic tasks. Here are some details: • SpaceXAI said Grok 4.5 was trained across tens of thousands of Nvidia GB300 graphics processing units, with a focus on meticulous data filtering, deduplication and quality scoring. "We've partnered with SpaceXAI to train Grok 4.5," popular AI coding agent Cursor said.
Meta says it will build its first data center in Canada.
Delta Air Lines Inc (NYSE:DAL) is expected to report second-quarter results slightly above the upper end of its previously guided earnings range, though investors are likely to focus more closely on the airline's outlook for the third quarter and full year, according to UBS. The brokerage...
Tech giant Meta announced Wednesday it will build a massive data center in central Alberta, the company's first in Canada, as it rapidly builds out computing capacity to support the global AI boom. The 1-gigawatt data center will be located in Sturgeon County and represents a total investment of C$13 billion, or $9.17 billion, Meta said. Meta has doubled down on AI, pledging hundreds of billions of dollars to build large AI data centers in the U.S. The Alberta announcement represents the company's 33rd data center globally.
Exxon Mobil Corp (NYSE:XOM, XETRA:XONA) updated its second quarter 2026 earnings considerations after the market close on Tuesday, prompting UBS to slightly lower its earnings estimate while noting stronger quarter-over-quarter performance across the company's major business...
Dish DBS, the satellite TV and wireless subsidiary of EchoStar, filed for prepackaged Chapter 11 bankruptcy on June 30 in federal court in Houston. The filing ends months of speculation about the future of the industry's would-be fourth wireless carrier. More than 88% of Dish's bondholders ...
BNP Paribas analyst James Picariello doesn’t see a Tesla-SpaceX merger happening any time soon. He ticks off several reasons why.
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