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The Tiger Global-led round values the startup at $1 billion as it wires stablecoin rails directly into a federally chartered bank, aiming to modernize the correspondent-banking plumbing behind cross-border payments.
The company didn't say how many are in each city, and has taken a far more cautious approach to scaling the network than CEO Elon Musk had promised.
AMD has broken a chip monopoly before. In the 2000s, it took server market share away from Intel’s dominant x86 processors, forcing years of price and performance competition that reshaped enterprise computing. Two decades later, AMD is attempting a similar disruption, this time against Nvidia’s ...
Demand for GE Vernova’s power generation equipment amid the AI data center building boom has sent shares to levels no one expected. Now, how the stock reacts to earnings on Wednesday can help tell investors if the AI trade is alive and well, or if more pain is coming to many stocks, beyond shares of Vernova. It’s an important report for Vernova, with shares above $1,000, up roughly 700% since the company was spun out of GE Aerospace in 2024.
Oracle (ORCL) has spent two years telling Wall Street it can build AI infrastructure faster than anyone else. A land commissioner in New Mexico just made that harder. On Monday, Oracle stock fell about 3.5% to a fresh 52-week low, trading near $122 after touching $120.03 earlier in the day. ...
The Aug. 4 report marks SpaceX's debut as a public company and triggers the first tranche of its staggered lock-up release
General Motors raised its full-year profit forecast by another $500 million after beating second-quarter earnings estimates, powered by stronger margins on its largest vehicles and lower tariff costs. Bloomberg's David Welch joins to discuss.
Investing.com -- oogle on Tuesday unveiled three new artificial intelligence models, including its most capable Flash model to date and a cybersecurity-focused system, as the tech giant steps up competition with OpenAI and Anthropic in the rapidly evolving AI market.
The things that look permanent are usually the ones getting worked on hardest. You just don't see the scaffolding until it comes down. Think about the objects that haven't changed in your lifetime. The stop sign. The three-pronged plug. The red can sitting in a cooler at a gas station in a country ...
Morgan Stanley said Corning will remain a long-term beneficiary of scale-up optics, as data centers increasingly switch from copper to fiber-optic-based networking.
CEO Michael Intrator says the global AI build-out requires capital on a scale rarely seen, but that he is on the “right side” of a generational change.
Find insight on GM, European airlines, Indian auto parts makers and more in the latest Market Talks covering the auto and transport sector.
Alphabet (GOOGL) and Intel (INTC) will approach second-quarter earnings from opposite sides of the artificial-intelligence boom. Alphabet is one of the biggest infrastructure buyers in the industry. Intel is trying to prove it can be a bigger supplier to that build-out. Their reports together could ...
GM's CFO claims the automaker's first-half performance beats most of its full years on record, yet the stock still prices in almost nothing for what comes next. Here is why value investors are paying close attention.
Charles Schwab (NYSE:SCHW) executives said the company delivered record second-quarter results as client asset gathering, trading activity, lending demand and wealth management flows all strengthened. President and CEO Rick Wurster said Schwab is benefiting from a financial services landscape that
Meta Platforms said on Tuesday it is adding the Xbox Game Pass starter edition to its Meta Horizon+ subscription service, expanding its gaming offering on Quest virtual reality headsets. The move deepens Meta's partnership with Microsoft's Xbox and will give Horizon+ subscribers access to more than 50 Game Pass titles alongside the existing catalog of more than 100 virtual reality games available through the service.
July 30 is Tim Cook's last earnings call as Apple's CEO. He's been running the company since 2011, and when he gets off that call, John Ternus takes over. That alone makes this quarter worth paying attention to, beyond the usual revenue-and-margins conversation. Bank of America published its ...
The trade tech company says Cervo AI can speed up customs brokerage tasks as tariff and trade policies shift.
Tesla launched its Robotaxi service in Orlando and Tampa, its third launch in Florida after debuting the autonomous service in Miami earlier this month.
Investing.com -- Bank of America told clients in a note Tuesday that the latest wave of Chinese open-source AI models, including Moonshot's Kimi K3, reinforces rather than threatens its bullish thesis on memory demand, reiterating a Buy rating on Micron with a $1,550 price target.
Eli Lilly has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 6.5% to $1,149 per share while the index has gained 8.4%.
All three major US stock indexes were up in late-morning trading Tuesday, as investors focused on so
The European plane maker is weighing a stretched version of its A350, putting it in direct competition with Boeing’s troubled 777X jumbo jet.
After a Massive Rally, Intel Must Prove Its AI Comeback
(Bloomberg) -- Ryan LaLone received a pardon this month for a conviction tied to tampering with diesel emissions systems. Just as importantly, so did his company. Most Read from BloombergYemen’s Houthis to Impose Maritime Blockade on Saudi ArabiaChina AI Sensation Moonshot’s Gamble on Big Models Pays OffTrump Vows 50% Tariff on Canadian Goods Using Depression-Era LawMoonshot’s Kimi K3 May Be More About Memory Than ComputeIran Says Mediators Stepping In After Days of US ClashesThe twin reprieves
GoodRx has had an impressive run over the past six months as its shares have beaten the S&P 500 by 13.1%. The stock now trades at $3.14, marking a 21.5% gain. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
OMCL heads into Q2 earnings with OmniSphere adoption, Connected Devices execution and recurring revenue growth ahead of July 30 results.
AMC just posted the strongest quarter in its 106-year history, and the stock still has Wall Street's consensus pointing the wrong direction. Here is why that contradiction tells you exactly what to do next.
Luxury watches seem to remain popular, even during times of financial crisis and tumult. That's probably because watches are often purchased as the representation of a personal or professional milestone. Those moments don't simply stop happening because the job market is slow or because inflation ...
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