Regulatory scrutiny raises questions over licensing model in chip ecosystem
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UnitedHealth Hit as Berkshire Bows Out After Brief Return to Stock
Statkraft has announced plans to significantly boost its investment in Norwegian hydropower, earmarking NOK 80 billion over the next decade. This investment represents a considerable increase from previous projections, aiming to upgrade and modernize many of Norway's largest hydropower plants and ensure their continued operation. The plan includes major maintenance, project upgrades, and new capacity developments crucial for meeting future electricity demands. While hydropower will account...

<body><p>STORY: From data center deals to Meta's major job cuts, this is Tech Weekly.</p><p>:: Tech Weekly</p><p>Google and Blackstone announced on Monday they’re forming an AI cloud business venture. </p><p>They’re aiming to capitalize on robust demand for AI data centers. </p><p>Major asset manager Blackstone will invest an initial $5 billion.</p><p>This will help bring 500 megawatts of data center capacity online in 2027, with further expansion planned over time. </p><p>The total investment value could reach $25 billion, including leverage, according to Bloomberg News.</p><p>Tesla’s Elon Musk expects fully self-driving cars without human safety monitors will soon be nationwide in the U.S. </p><p>"We already have some vehicles operating with no people inside and no safety monitors in three cities in Texas and what probably will be widespread in the U.S. by later this year and hopefully in Israel too."</p><p>Tesla, which has faced slowing vehicle sales, operates robotaxis in Austin, Dallas and Houston.</p><p>But when Reuters tested it, it was plagued with long wait times, no availability or incorrect drop off spots for riders. </p><p>Yet, Musk remains positive that cars with no humans will be ubiquitous within a decade.</p><p>Samsung Electronics and its South Korean union have narrowed some differences in talks, a mediator said on Tuesday.</p><p>Pressure’s mounting from the government and business groups to avoid an imminent and damaging strike. </p><p>The two sides are seeking to hash out a deal on bonus payments before nearly 48,000 workers walk off the job for 18 days on Thursday.</p><p>Samsung accounts for almost a quarter of Sourth Korea’s exports.</p><p>And a strike of that magnitude and length has the potential to inflict significant damage on the economy. </p><p>Samsung’s also the world’s largest memory chip maker and production disruptions could dent global supply during the AI boom. </p><p>Meta’s planning to lay off 10% of its employees this week as it surges its AI investments. </p><p>The tech giant said in a memo to staff that workforce cuts would be accompanied by organizational changes aimed at improving AI workflows. </p><p>It said the company plans to move 7,000 employees to new initiatives related to AI workflows and slash managerial roles.</p><p>The changes are part of a far-reaching overhaul planned at Meta this year, as it looks to center AI agents in both product offerings and internal work. </p><p>A robot bricklayer could help address a shortage of skilled workers, according to one of its developers...</p><p>by automating one of the most repetitive and physically demanding roles on building sites.</p><p>Founder and CEO of JT Lifestyle Homes, Dr Jan Telensky:</p><p>"When I did the survey the average age of a bricklayer in UK is 46 years, which means, and nobody is learning it. So in 20 years time who is going to build the houses if you need a bricklayer?"</p><p>His solution is WLTR, the Wall Laying Terra-Based Robot, known simply as 'Walter.</p><p>He added that the robot can do the work of five bricklayers and one labourer in an hour, while being operated by one person.</p></body>
The reassignments, combined with planned cuts of about 8,000 jobs, will affect roughly 20% of Meta's workforce
LyondellBasell has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.
SSR Mining (SSRM.TO) has agreed to sell its 20% ownership stake and its operatorship position in the
June S&P 500 E-Mini futures (ESM26) are down -0.38%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.65% this morning, pressured by a retreat in technology stocks, while investors await signs of progress toward a peace deal in the Middle East.
Markets were feeling on edge Thursday as a tech selloff, inflation fears, and the continuing stalemate between the U.S. and Iran weighed on sentiment. The Cboe Volatility Index, a widely followed fear gauge that tracks S&P 500 options contracts and trades under the ticker VIX, climbed 0.3 points to 18.1 in early trading. Yields on U.S. treasuries were also slipping early Tuesday as traders weigh up central banks’ response to renewed inflation fears.
Home Depot got a lift in the first quarter from professionals and also homeowners stocking up on spring supplies. Profit fell from its first quarter last year, but the national home improvement retailer beat Wall Street expectations. "The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure,” CEO Ted Decker said Tuesday.
President Trump made 94 different trades of 'Magnificent 7' stocks in the first quarter of 2026, a new ethics disclosure shows, executing millions of dollars in transactions even as he was meeting with and often promoting these top tech companies.
Investors didn’t seem to like Tesla raising prices of its popular Model Y vehicles in the U.S. over the weekend. Shares of the electric vehicle maker were down 0.7% at $406 in premarket trading on Tuesday, while and futures were down 0.2% and 0.1% respectively. There wasn’t much to blame the decline on, no Wall Street downgrades or material price target cuts.
Markets were on course to open in the red Tuesday as the chip-stocks rally that has powered gains for much of the year continued to lose steam. Stock futures tied to the tech-heavy Nasdaq were down 0.3%, having finished 1.5% lower the previous session led lower by a Big Tech selloff. Dow Industrial futures were falling 34 points, or 0.1%, while S&P 500 futures dropped 0.2%.
Starbucks announced a major corporate restructuring under its "Back to Starbucks" turnaround program. The plan includes closing multiple US regional support offices and cutting about 300 corporate roles. The company expects a $400 million charge tied to the restructuring and a broader $2 billion cost-saving effort. Starbucks will consolidate US and international support functions and open a new corporate office in Nashville. For investors watching NasdaqGS:SBUX, this move comes with the...
Banking behemoth Goldman Sachs Group, Inc. (NYSE:GS) sold all its Solana (CRYPTO: SOL) and XRP (CRYPTO: ETF) exchange-traded fund holdings in the first quarter, according to its latest 13F filing released Friday. Major Altcoin Positions Dumped Goldman Sachs liquidated its position in Bitwise XRP ETF (NYSE:XRP), Franklin XRP ETF (NYSE:XRPZ), 21Shares XRP ETF (BATS:TOXR) and Grayscale XRP Trust ETF (NYSE:GXRP), all of which it had acquired only in the previous quarter. The firm also dumped the ent
After the breakout in global bond yields last Friday, they continued higher on Monday, albeit more modestly. It started in Japan, writes Peter Boockvar, editor of The Boock Report.
Value stocks typically trade at discounts to the broader market, offering patient investors the opportunity to buy businesses when they’re out of favor. The key risk, however, is that these stocks are usually cheap for a reason – five cents for a piece of fruit may seem like a great deal until you find out it’s rotten.
Sometimes the most interesting analyst moves aren't the regular clean upgrades but the ones that look different. A good example is what we see in Broadcom. The analyst firm cut a number, raised a target, and somehow made the bull case stronger in the process. UBS raised its price target on ...
(Bloomberg) -- Supercharged gains in a handful of companies and weak market breadth are stoking concerns that the world’s hottest stock market is overheating in some pockets. Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersBillionaire Rinehart Bets $100 Million on US Defense StocksStocks and Oil Whipsaw on Mixed US-Iran Signals: Markets WrapTrump Says Holding Off on New Iran Strikes After Gulf AppealElon Musk Loses Case Against Sam Altman Over OpenAI’s OverhaulU
This dark horse in the weight loss drug race is worth keeping on your watch list.
(Bloomberg) -- Meta Platforms Inc. is reassigning 7,000 workers to new jobs related to artificial intelligence, according to an internal memo, part of a broad corporate restructuring that includes planned staff reductions later this week. Most Read from BloombergStocks and Oil Whipsaw on Mixed US-Iran Signals: Markets WrapUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersBillionaire Rinehart Bets $100 Million on US Defense StocksIranian Media Said US Offered Interim Waiver on Oil Sanctio
AI server demand remains Micron’s key upside driver, with the next earnings update set to give investors more detail on DRAM pricing and high-bandwidth memory demand.
Wall Street weighed inflation concerns and counted down to Nvidia earnings.
US stock futures traded flat as Wall Street weighed inflation concerns and counted down to Nvidia (NVDA) earnings.
In the most recent trading session, Dick's Sporting Goods (DKS) closed at $210.45, indicating a -2.79% shift from the previous trading day.
The class-action complaint claims Amazon prioritized political goodwill over reimbursing shoppers for invalidated IEEPA tariffs.
Oracle (ORCL) concluded the recent trading session at $186.61, signifying a -3.29% move from its prior day's close.
Marvell Technology (MRVL) closed the most recent trading day at $168.93, moving 4.5% from the previous trading session.