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Shareholders angry over the stock’s decline are alleging fraud with a complaint that has no merit, the payment processor said in its response.

(Bloomberg) -- Zhu Rongji, who as China’s premier pushed through reforms at state-owned companies that cost tens of millions of workers their jobs, and who helped engineer China’s entry into the World Trade Organization, has died. He was 98.Most Read from BloombergPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DriveFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AITata Sons Chairman to Step Down, Deepening Leadership TurmoilPakistan Says Deal Is Close Even as Iran,

CoreWeave (NASDAQ:CRWV) shares jumped more than 15% on Tradegate on Tuesday after the cloud infrastructure provider delivered record revenue for a fifth consecutive quarter, exceeded Wall Street expectations and raised its outlook as demand for artificial intelligence computing capacity remained strong. CoreWeave operates a specialised cloud platform built around large volumes of Nvidia’s advanced graphics processing units.

Super Micro Computer (NASDAQ:SMCI) shares jumped 10. 1% in premarket trading after the AI server specialist reported fiscal 2026 fourth-quarter results that delivered a significant earnings beat alongside a stronger-than-expected outlook for the coming year.

Meta Platforms will face a coalition of state attorneys general in a California federal court trial beginning on Wednesday over claims it engineered Facebook and Instagram to be addictive to children, a case that could expose the company to massive damages and force it to make sweeping changes to its platforms. The trial in Oakland, expected to last seven weeks, ‌will test Colorado, Kentucky, California and New Jersey's allegations that Meta designed its platforms to keep young users hooked and misled consumers about their safety. It will also address claims by 29 states that the ‌company illegally collected and used children's data in violation of federal law.

Coherent (NYSE:COHR) shares climbed 5. 7% in premarket trading to $347.

Form Energy’s fundraising has surpassed $2 billion for batteries that can continuously run for 100 hours.

The New York City Council is investigating four prediction markets for alleged deceptive marketing practices and targeting minors, opening a new front in the bitter, state-by-state legal war over prediction-market regulation. City Council Speaker Julie Menin sent letters to Polymarket, Kalshi, Coinbase and Gemini Titan, all of which have a presence in New York City, on Aug. 11 seeking answers about how the companies comply with consumer protection laws. In a letter addressed to Polymarket founder and Chief Executive Shayne Coplan, Menin asked for details about Polymarket promotional videos that appeared to depict fake trades and promoted insider trading on social media.

(Bloomberg) -- The New York City Council is probing the advertising practices of four major prediction market platforms, creating a new front in the legal battles facing the booming industry. Most Read from BloombergPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DriveFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AITata Sons Chairman to Step Down, Deepening Leadership TurmoilPakistan Says Deal Is Close Even as Iran, US Harden StancesTrump Weighs Call for Capital Ga

Shares of CoreWeave and Super Micro Computer climbed premarket on Wednesday after ‌upbeat forecasts from the two AI infrastructure companies ‌reinforced demand expectations for computing capacity. Shares of neocloud provider CoreWeave rose more ​than 18%, with peer Nebius Group rising 10%. Server maker Super Micro's shares climbed nearly 9%.

Stocks tied to the AI trade are back on top this morning after stellar results from CoreWeave and Super Micro Computer. Cloud-computing company CoreWeave reported its fifth consecutive quarter of record revenue and a sales backlog of $104 billion yesterday—in the latest sign of continued strength of demand for AI computing. Server company Super Micro Computer reported sales that nearly doubled in its fiscal fourth quarter and surging profit.

When I spoke to Sukhinder Singh Cassidy, CEO of Xero, in early June, she said she didn’t want to talk too much about the company’s share price. Its share price was down more than 50% from one year prior even though the company beat revenue estimates for its fiscal 2026, which ended March 31. The drop was partly attributed to the “SaaS Apocalypse,” but also to investor concerns about the impact of a 2025 acquisition, a move the company made to expand the business in the U.S.

By Saeed Azhar and Pritam Biswas NEW YORK, Aug 12 (Reuters) - Bank of America said on Wednesday it plans to deploy $250 billion by July 2027 to support U.S. digital and infrastructure projects, a move

Investor interest in photonics is rising as hyperscalers ramp AI spending, fueling expectations for a multi-year boom for optical connectivity tech providers.

With the automaker’s divestment, the facility will become the battery maker’s first wholly owned factory in North America.

SAN FRANCISCO, Aug 12 (Reuters) - Eli Lilly on Wednesday said it had filed six lawsuits against U. companies it accuses of illegally selling black-market versions of ‌its experimental obesity drug retatrutide, escalating its campaign against unauthorized sellers before the medicine ‌has won regulatory approval.

(Bloomberg) -- Swedish coding startup Lovable has raised funding at a $13.3 billion valuation, bringing in fresh capital to compete with larger rivals like Anthropic and Elon Musk’s SpaceX. Most Read from BloombergFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AIPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DrivePakistan Says Deal Is Close Even as Iran, US Harden StancesTata Sons Chairman to Step Down, Deepening Leadership TurmoilTrump Weighs Call for Capital Gain

(Bloomberg) -- More than two-thirds of the electricity sought for the artificial intelligence boom in the US isn’t likely to materialize due to “phantom” projects and long-shot pitches.Most Read from BloombergFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AIPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DrivePakistan Says Deal Is Close Even as Iran, US Harden StancesTata Sons Chairman to Step Down, Deepening Leadership TurmoilTrump Weighs Call for Capital Gains Tax

For some time, it seemed as though owners of existing power plants—such as Vistra and Constellation Energy —were in a great spot. With demand growth outstripping new power supply, incumbent power plants could reap higher prices for their output without putting much capital at risk. Power plant owners have had a rough year on the stock market.

E-commerce and gaming company Sea (NYSE:SE) will be reporting results this Tuesday before market hours. Here’s what to expect.

Investors braced for fresh Consumer Price Index (CPI) data, which could alter the Fed's interest rate calculus.

U. S. stock futures moved higher ahead of closely watched July inflation figures, with investors looking for clues about how the data could influence Federal Reserve interest rate decisions over the coming months.

Bank of America said on Wednesday it plans to deploy $250 billion through July next year ‌to support U.S. digital and infrastructure projects, an initiative ‌it says will bolster the country's economic growth and help create tens of ​thousands of jobs. The Wall Street bank's "Critical Infrastructure Finance Initiative," launched on the heels of the nation's 250th anniversary celebrations, will include primary market lending, investments, capital markets services, and banking and advisory ‌offerings.

Bank of America has committed $250bn to fund US infrastructure projects in a move that will support Donald Trump’s “America First” agenda after...

The bank is joining rivals that are rolling out pledges to back investments in U.S. critical industries.

The bank is joining rivals that are rolling out pledges to back investments in U.S. critical industries.

The cost of Amazon's AI pivot may be weighing on the stock.

The chip and software giant's reported profits more than doubled over the past year -- which happens to be how this gap closed both times before.

Stock futures were rising on Wednesday after cloud computing company CoreWeave, optical networking company Lumentum, and server maker Super Micro all reported solid quarterly results, breathing some life into the AI trade ahead of the July inflation report.

Futures tied to the the major U.S. stock indexes rose, while oil was up as the deadlock between the U.S. and Iran continued.