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ArcelorMittal expands Microsoft partnership on cloud
Reuters17d agobullish
ArcelorMittal expands Microsoft partnership on cloud

Steelmaker ArcelorMittal said ‌on Monday it ‌was expanding its collaboration ​with Microsoft as part of its "Cloud First, Data ‌Centric" ⁠strategy, which uses Azure as ⁠its primary cloud computing platform. The ​company said ​it ​would integrate ‌Microsoft Fabric, Purview and Foundry to modernize its IT systems, improve cybersecurity ‌and reduce ​its ​reliance ​on legacy ‌technology. Financial terms ​of ​the deal were not disclosed.

Where Does Oil Go Next After the Hormuz Crisis?
Bloomberg17d agoneutralVIDEO
Where Does Oil Go Next After the Hormuz Crisis?

Samantha Dart, Co-Head of Global Commodities Research at Goldman Sachs, discusses how oil prices may develop if the conflict in the Strait of Hormuz continues to escalate, and warns that a supply glut may pose a challenge even if the supply interruptions are resolved.

Bloomberg17d agobullish
US Uses Euros to Buy Yen to Avoid Weaker Dollar, Strategists Say

(Bloomberg) -- The US Treasury may be using euros rather than dollars to fund its yen purchases to avoid weakening its own currency and casting doubt on its strong greenback policy, according to strategists. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSaudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosSingapore's Gated Island for the Rich Is Marred by Decayed HomesCrushed by Kospi Rout, Angry Koreans Rip Lee and Vow Not to BuyIndia’s Family Offices Embrace

Morgan Stanley sends cautious Apple stock message after earnings
TheStreet17d agoneutral
Morgan Stanley sends cautious Apple stock message after earnings

Apple's earnings reminded investors that the company is not immune to the challenges of the AI race. Shares of Apple (AAPL) tumbled 7.35% on July 31, even after the company beat Wall Street's expectations for both earnings and revenue for the fiscal third quarter. Apple reported adjusted earnings ...

Bloomberg17d agobearish
Alibaba Drops Another China AI Model With Breakthrough Performance

(Bloomberg) -- Alibaba Group Holding Ltd. released its latest flagship AI model, with performance claims putting it alongside global leaders like Anthropic’s Fable.Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSaudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosSingapore's Gated Island for the Rich Is Marred by Decayed HomesIndia’s Family Offices Embrace Profit-Sharing to Attract Top TalentCrushed by Kospi Rout, Angry Koreans Rip Lee and Vow Not to BuyThe new

SpaceX Investors Want a Pink Rocket and a Starship Named 'Shipy McShipface' Ahead of First Earnings: Top Questions for Elon Musk's Team Revealed
Benzinga17d agoneutral
SpaceX Investors Want a Pink Rocket and a Starship Named 'Shipy McShipface' Ahead of First Earnings: Top Questions for Elon Musk's Team Revealed

Ahead of Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) first public earnings report on Tuesday after the bell, investors submitted questions ranging from whether Starship could be painted pink or named “Shipy McShipface” to AI infrastructure, Starlink expansion and missions to Mars. SpaceX Opens the Floor to Investors SpaceX invited investors to submit questions through a new Grok-powered platform, allowing shareholders to vote on the topics they want management to answer. Among the light

Bloomberg17d agobearish
Korean Stocks Drop as Chipmakers Reverse Friday’s Record Gains

(Bloomberg) -- South Korean stocks slipped, as heavyweight chipmakers faced selloffs after Friday’s record gains while investors cut back leverage-backed trades. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSaudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosSingapore's Gated Island for the Rich Is Marred by Decayed HomesIndia’s Family Offices Embrace Profit-Sharing to Attract Top TalentCrushed by Kospi Rout, Angry Koreans Rip Lee and Vow Not to BuyThe Kospi

Starbucks CEO says your local store may not survive
TheStreet17d agoneutral
Starbucks CEO says your local store may not survive

Your neighborhood Starbucks (SBUX) might look bulletproof, especially if it survived ballooning rents, changing commutes, and years of customers ordering the same morning drink. However, Starbucks is no longer looking at treating every existing café as untouchable. The chain is becoming much ...