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Bloomberg28d agoneutral
Global Inflation Angst Is Back With $100 Oil and More Tariffs

(Bloomberg) -- Spiking energy prices, more US tariffs and mushrooming spending on artificial intelligence are reawakening investors’ inflation fears.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies on 60 EconomiesAlphabet Falls as $205 Billion Spending Plan Fuels AI Cost FearA week that began with s

Verizon lifts annual forecasts as new mobile plans spur subscriber gains
Reuters28d agoneutral
Verizon lifts annual forecasts as new mobile plans spur subscriber gains

Verizon raised its annual forecast for adjusted profit and free cash flow, as the network provider's latest unlimited 5G ‌plans and rewards programs helped it add more wireless subscribers ‌than expected in the June quarter. The company is in the midst of a strategic transition under new CEO Dan Schulman, rolling out simplified mobile plans, a new loyalty program and bundled wireless-broadband offerings to improve customer additions after trailing rivals in subscriber growth. Verizon gained ‌184,000 monthly-bill paying wireless ⁠subscribers in the second quarter, surpassing estimates of 103,900 additions by analysts polled by FactSet.

Bloomberg28d agoneutral
Samsung, SK Hynix to Ink Large Chip Supply Deals with US Firms

(Bloomberg) -- Samsung Electronics Co. and SK Hynix Inc. are set to unveil major agreements involving “very large” sums with leading US technology companies during President Lee Jae Myung’s visit to Silicon Valley, a senior presidential official said.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies

Intel rises as strong forecasts signal AI boost for turnaround
Reuters28d agoneutral
Intel rises as strong forecasts signal AI boost for turnaround

Intel's shares rose 6% in premarket trading on Friday after bullish forecasts signaled the AI boom was propelling ‌the chipmaker's long-awaited turnaround. The company forecast third-quarter revenue above Wall ‌Street expectations and raised this year's capital expenditure estimate to $20 billion from $18 billion. Intel's improving outlook ​reflects growing adoption of its data center central processing units (CPUs) by customers building infrastructure for artificial intelligence, as CEO Lip-Bu Tan works to position the company as a broader beneficiary of AI-driven semiconductor demand despite Nvidia's lead ‌in accelerator chips.

Bloomberg28d agoneutral
Dollar Set for Best Week in a Month as Haven Flows Offer Support

(Bloomberg) -- The dollar is heading for its best week in a month as investors return to the traditional haven amid heightened geopolitical tensions.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies on 60 EconomiesAlphabet Falls as $205 Billion Spending Plan Fuels AI Cost FearThe greenback sits near

US stocks face tests from Fed decision, tech-led earnings deluge
Reuters28d agoneutral
US stocks face tests from Fed decision, tech-led earnings deluge

A wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and from a packed slate of corporate earnings led by technology companies and heavyweights in artificial intelligence. Major equity ‌indexes were on track for weekly declines, dragged down on Thursday by steep slides in Alphabet and Tesla following their quarterly reports. The fallout for Google parent Alphabet, ‌sparked in part by an increase in its already massive AI spending plans, set a negative tone ahead of results next week from other AI "hyperscalers": Microsoft, Amazon and Meta Platforms.

Exclusive-Defense tech company Anduril in talks to raise funding at about $100 billion valuation
Reuters28d agoneutral
Exclusive-Defense tech company Anduril in talks to raise funding at about $100 billion valuation

NEW YORK, July 24 (Reuters) - Defense tech firm Anduril is in discussions with investors for a new funding round that could see ‌it valued at roughly $100 billion, rivaling companies such as Northrop Grumman and Lockheed Martin, ‌two sources familiar with the matter told Reuters. The funding round and the valuations, reported here for the first time, ​are still fluid, the sources said.