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Asian shares mostly rise after AI leads rally on Wall Street
Associated Press3d agoneutral
Asian shares mostly rise after AI leads rally on Wall Street

Asian shares mostly rose in early Thursday trading, as global market optimism continued on prospects for AI stocks and the semiconductor sector. Hong Kong's Hang Seng edged up nearly 0.1% to 25,453.45, while the Shanghai Composite gained 0.4% to 3,961.82. Several AI stocks reported better growth for the spring than analysts expected, while a report showed inflation across the United States was slightly less bad last month.

Nebius stock quietly defies its own history after earnings
TheStreet3d agoneutral
Nebius stock quietly defies its own history after earnings

Nebius Group (NBIS) has trained its investors to brace for disappointment on days when the headlines look strong. In May, the company reported blowout first-quarter results, only to watch its stock fall almost 9% the following Monday. That pattern is exactly why the reaction stood out on Wednesday, ...

Home Depot hardware store rival files Chapter 11 bankruptcy
TheStreet3d agobearish
Home Depot hardware store rival files Chapter 11 bankruptcy

Home improvement and hardware store chains have battled lower sales in the last year as a sluggish housing market and consumers' reluctance to spend on renovation projects in uncertain times affects their business. Smaller hardware chains also face fierce competition from big-box stores, like Home ...

Trump Sued Over Paid Access to Truth Social Posts as Media Groups Seek to Shut Down President's Market-Moving Content: 'Scheme is Profoundly Corrupt'
Benzinga3d agoneutral
Trump Sued Over Paid Access to Truth Social Posts as Media Groups Seek to Shut Down President's Market-Moving Content: 'Scheme is Profoundly Corrupt'

Donald Trump is facing a federal lawsuit from two media organizations seeking to stop his company from selling paying customers faster access to his Truth Social posts. Truth API Faces First Amendment Challenge On Wednesday, The Intercept and the Freedom of the Press Foundation filed the lawsuit in Manhattan federal court, targeting Truth API, a service launched by Trump Media and Technology Group Corp. (NASDAQ:DJT) on Aug. 1. The service charges between $60,000 and $100,000 a month for early ac

Elon Musk just redefined what SpaceX could become
TheStreet3d agoneutral
Elon Musk just redefined what SpaceX could become

SpaceX (SPCX) stock investors spent the lion’s share of the post-IPO period questioning if its expensive AI push deserves any value. Subsequently, the stock’s steep slide sharpened that skepticism. Nevertheless, analysts felt SpaceX was being valued purely on a single revenue engine, while AI was ...

Companies Are Receiving Tariff Refunds Quickly
The Wall Street Journal3d agoneutral
Companies Are Receiving Tariff Refunds Quickly

Contrary to warnings that the refund process could prove slow and messy, many companies appear to have received the money with remarkable speed. So far, over 40 S&P 500 companies have reported some $9.

Top Scientist Proposed AI Safety Group
The Wall Street Journal3d agoneutral
Top Scientist Proposed AI Safety Group

Alphabet's Demis Hassabis, who co-founded Google DeepMind and is considered a pioneer in the field of machine learning, has been spending increasing amounts of his time advancing the idea of an organization that would codify safety guardrails and best practices for developing artificial general intelligence, or AGI.