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In the stock's second week of trading, investors are wondering whether the price swing is an opportunity or a warning.
Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter. The move could reduce Meta's reliance on advertising revenue and help it take on major cloud companies, including Amazon, Microsoft and Alphabet. Meta did not immediately respond to a request for comment.
July 1 (Reuters) - Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter.
Investing.com -- Citi cut its price target on Strategy Inc. to $136 from $260 in a note Wednesday, while maintaining its Buy rating and High Risk designation, after revising its 12-month Bitcoin forecast 27% lower to approximately $81,800.
Investing.com - U.S. stock futures pointed lower on Wednesday as investors awaited fresh remarks from Federal Reserve Chair Kevin Warsh and monitored uncertain peace talks between the United States and Iran.
Investing.com -- BYD Co. is positioned to reclaim its spot as the world's largest seller of fully electric vehicles from Tesla Inc. as the Chinese automaker increases its international shipments.
(Updated with a response from a Google spokesperson in the sixth paragraph.) Alphabet's (GOOGL, G
It's simpler than you might think to build a recession-proof portfolio.
Alphabet's (GOOGL, GOOG) Google is facing a South Korean investigation for allegedly abusing its dom
Net income increased by just over four times, or 407%, to $1.06bn in the quarter.
Express Scripts, Caremark and Optum Rx sued the FTC after the agency accused them of driving up the cost of insulin. But the countersuit is being put to bed now that the PBMs are settling with regulators.
Fed officials now believe higher interest rates will be necessary to curb inflation.
U.S. stock futures were heading for losses to kick off the third quarter of the year. Markets are looking ahead to an appearance by Federal Reserve Chairman Kevin Warsh at a central-banking forum. Dow Jones Industrial Average futures were down 242 points, or 0.5%.
Citigroup slashed its 12-month forecasts for bitcoin and ether, saying weakening investor appetite, negative exchange-traded fund flows and a lack of progress on U.S. digital asset legislation have hurt the outlook for the two largest cryptocurrencies. The brokerage, in a note dated Tuesday, lowered its target for bitcoin to $82,000 from $112,000 and trimmed its ether forecast to $2,240 from $3,175. Bitcoin was last trading at $58,864.27, its weakest level since September 2024, having halved in value from an all-time high of $126,223.18 in October last year.
SpaceX went public on Nasdaq on June 12 with a $75 billion raise and a valuation that eclipsed every initial public offering in history. The stock surged 19% on its first day of trading, closing at $160.95 and briefly trading near a $2.25 trillion intraday valuation before paring gains to finish ...
(Bloomberg) -- Bitcoin fell to a fresh 21-month low as the prospect of higher interest rates and concerns about the largest corporate buyer of the token weakened sentiment.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanWhatsApp Opens Username Reservations to 3 Billion UsersIran Ratchets Up Talk of Controlling Hormuz Before New TalksBitcoin dro
Microsoft is planning to cut under 2.5% of its workforce in the latest round of layoffs that could be announced as early as next week, Business Insider reported on Tuesday, citing sources. • The layoffs will impact thousands of roles, including sales and consulting, as well as jobs at the Xbox gaming division, the Business Insider report said. • Microsoft declined to comment on the report.
ON Semiconductor Corporation (ON) just made the biggest bet in its corporate history. On Thursday, June 25, the Scottsdale-based chipmaker announced a $7 billion all-stock agreement to acquire Synaptics Incorporated (SYNA). This is the company's biggest transaction to date. CEO Hassane ...
Uber’s business depends on a simple but fragile exchange of trust. A customer opens an app, confirms a name and license plate, and gets into a stranger’s car. This routine has become normal for millions of riders heading to airports, restaurants, offices, hotels, concerts, and home after nights ...
There is a new stablecoin in town, and an old player's stock is facing the heat. A stablecoin is an integral part of the DeFi infrastructure. It is a cryptocurrency designed to hold a steady value by pegging to an asset like the dollar, typically backed by reserves such as cash and ...
The EchoStar pay-TV subsidiary said it would repay debt once the $20 billion AT&T spectrum deal closes.
Today, June 30, 2026, investors tracked the upcoming closing of the TopBuild deal as QXO's trading volume surged.
Nike reported Q4 revenue of $11 billion, beating expectations of $10.85 billion.
Building a moon base has been atop NASA’s to-do list. The agency doled out new contracts to help inform how to set up the lunar outpost. Firefly Aerospace, Intuitive Machines and Astrobotic won awards to ferry an identical set of payloads to the lunar surface by the end of 2028.
Honeywell Aerospace stock had a weak Nasdaq debut despite strong fundamentals. Here’s why HONA traders are watching the $217 level.
Transmission problem affects SUVs and F-150 pickups.
June 30 () - Airbnb must face a lawsuit by the city of Los Angeles, which accused the home rental company of allowing price gouging affecting more than 2,600 properties during the January 2025 wildfires in southern California, City Attorney Hydee Feldstein Soto said on Tuesday. (Reporting by Jonathan Stempel in New York; Editing by Chris Reese).
The aerospace and AI company could struggle to soar higher this year.
(Bloomberg) -- Bitcoin tumbled more than 3% toward $58,000 on Tuesday as investors reversed an initial vote of confidence in Michael Saylor’s financing overhaul at Strategy Inc., raising fresh concerns that one of the cryptocurrency’s biggest buyers may no longer be a consistent source of demand.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanW
Ford Motor is recalling more than 740,000 vehicles due to a transmission and parking system issue, federal regulators said. The recall covers 741,195 vehicles, the National Highway Traffic Safety Administration said. Dealers will update vehicle software and inspect and replace any damaged transmission components free of charge, the NHTSA said.
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