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TSMC to raise chipmaking prices by up to 10% in 2027, Nikkei Asia reports
Reuters32d agoneutral
TSMC to raise chipmaking prices by up to 10% in 2027, Nikkei Asia reports

TSMC, the world's largest contract chipmaker, plans to raise chipmaking prices ‌by up to 10% from 2027 ‌to offset rising costs for materials, manufacturing equipment and ​overseas plant construction, Nikkei Asia reported on Tuesday, citing multiple sources. • Negotiations began in June ​and concluded ​in July, with new ​pricing set to ‌take effect at the start of 2027, Nikkei said. • TSMC does not comment on pricing, a company spokesperson said when contacted by Reuters.

Oracle Stock Looks to Shake Off Its Slump
The Wall Street Journal32d agobearish
Oracle Stock Looks to Shake Off Its Slump

Oracle stock is in the doldrums lately. After a 4% drop yesterday, shares of the cloud computing firm now stand at their lowest level since June 2024. They're down 34% over the last month, compared with a 5% drop for the S&P's technology sector.

Ahead of Tesla Earnings, Gary Black Says Cybercab Fleet Milestone Is 'Irrelevant' Until This Critical FSD Goal Is Achieved: 'Just for Show'
Benzinga32d agoneutral
Ahead of Tesla Earnings, Gary Black Says Cybercab Fleet Milestone Is 'Irrelevant' Until This Critical FSD Goal Is Achieved: 'Just for Show'

Tesla Inc.‘s (NASDAQ:TSLA) Cybercab fleet expansion does not impress investor Gary Black of The Future Fund LLC, who says that any expansion would not amount to much unless true autonomy is achieved. Cybercab Irrelevant to Investors In a response to user @CuriousPejjy, who talked about the recent sighting of over 245 Cybercab units at the company’s Giga Texas facility, Black said that the number of “cybercabs parked at Giga Texas is irrelevant to investors” as long as the vehicles could not auto

Reuters32d agoneutral
China's Zhongji Innolight to raise $8 billion in Hong Kong listing, sources say

China's Zhongji Innolight, a manufacturer of optical transceivers, ‌will launch a Hong Kong listing on Wednesday and ‌is seeking to raise at least $8 billion, according to three sources with direct knowledge ​of the matter. Zhongji Innolight did not immediately respond to a request for comment ⁠from Reuters. The deal will be Hong Kong's largest share sale in nearly seven years since Alibaba Group's $12.9 billion listing in 2019.

Walmart revives pre-pandemic prices for back to school season
TheStreet32d agoneutral
Walmart revives pre-pandemic prices for back to school season

Inflation may have dropped from its post-pandemic highs — June 2026 saw the largest monthly decline in consumer prices since the early days of Covid, according to data from the Bureau of Labor Statistics — but many Americans still feel its effects every time they shop. That’s especially true during ...

AT&T (T) Q2 Earnings: What To Expect
StockStory32d agoneutral
AT&T (T) Q2 Earnings: What To Expect

Telecommunications conglomerate AT&T (NYSE:T) will be reporting earnings this Wednesday before market open. Here’s what to look for.

Wall Street points toward gains as AI-focused companies recover some of last week's losses
Associated Press32d agoneutral
Wall Street points toward gains as AI-focused companies recover some of last week's losses

Wall Street pointed higher before the opening bell Tuesday with chip and memory companies leading the way, while oil prices rose again as the U.S. and Iran exchanged more attacks. Data storage companies SanDisk and Western Digital continued their mostly upward swings, each jumping more than 7% in early trading. Chipmakers Marvell Technology and Intel, which have also been riding the artificial intelligence roller coaster, rose 6.2% and 5.7% respectively.

Key auto parts maker closes factory, lays off 325 workers
TheStreet32d agoneutral
Key auto parts maker closes factory, lays off 325 workers

The companies behind some of the biggest car brands do not make every component of their vehicles. Instead, automakers rely on a vast network of suppliers to manufacture everything from seats and tires to semiconductors, windshields, door glass, and rear windows. However, while people know names ...

China considers tighter export controls on AI models and chips, FT reports
Reuters32d agoneutral
China considers tighter export controls on AI models and chips, FT reports

Chinese authorities are considering tightening export controls on AI and semiconductor technologies, the Financial Times reported on Tuesday. The step ‌reflects Beijing's push to keep domestic AI at home and show ‌that China, like the U.S., now sees advanced AI as a critical national asset requiring controls. Earlier ​this month, Reuters had exclusively reported that Chinese authorities had earlier held meetings with top tech firms about potentially restricting overseas access to China's most advanced AI models, including those yet to be released.

Netflix just made its slowdown harder to measure
TheStreet32d agoneutral
Netflix just made its slowdown harder to measure

Netflix (NFLX) investors did not punish the streaming giant for delivering a disappointing quarter. Instead, NFLX is facing criticism for making the next phase of growth harder to measure. Shares plunged more than 10% on Friday, July 17, before closing near $68.95, down about 7.2%, according to ...

The Santa Fe New Mexican32d agoneutral
LANL nuke waste cleanup contractor's ex-employees allege safety lapses, retaliation

A growing number of former employees of the contractor conducting a multibillion-dollar cleanup at Los Alamos National Laboratory are blowing the whistle in federal court, accusing the company’s highest officials of a pattern of noncompliance and false reporting. The tally of former workers who have joined a pending lawsuit against Newport News Nuclear-BWXT Los Alamos — better known as N3B — ...

Ant International raises $1.2 billion in global expansion push
Reuters32d agoneutral
Ant International raises $1.2 billion in global expansion push

Ant International, an overseas affiliate of the Jack Ma-founded ‌Chinese fintech firm Ant Group, has raised $1.2 ‌billion in its latest equity fundraising as it seeks ​to expand. Affiliates Ant Group and Alibaba Group participated in the private funding round, the company said on Tuesday, without disclosing the size of their ‌commitment. Ant International plans ⁠to accelerate its expansion in the merchant payment business, account management and other ⁠financial services for enterprises globally.

Bank of America CEO has sobering verdict on the economy
TheStreet32d agoneutral
Bank of America CEO has sobering verdict on the economy

Economic resilience is probably something most Americans would welcome. We’re seeing that consumer spending is still growing, wage gains haven’t gone away, and corporate dealmaking is showing fresh momentum. Those trends point to a country that is successfully blowing past the recent ...