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Bloomberg63d agoneutral
Qualcomm Nears Deal for AI Chip Startup Modular

(Bloomberg) -- Qualcomm Inc. is in advanced talks to acquire Modular Inc. in a transaction valuing the artificial intelligence chip startup at about $4 billion, according to people familiar with the matter.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentSpaceX Falls for Third Da

Oracle workforce shrinks by about 13%
Reuters63d agoneutral
Oracle workforce shrinks by about 13%

Oracle's total workforce declined ‌by about 13%, ‌or 21,000 employees, in ​fiscal 2026, as the cloud computing giant continued restructuring ‌its business, ⁠partly driven by the adoption ⁠of AI across its operations. The company ​had a ​total ​workforce of ‌141,000 as of May this year, compared with about 162,000 in May 2025, ‌according to ​its annual ​report ​released on ‌Monday.

Wall Street analyst predicts major upside for crypto's most subscribed IPO
TheStreet63d agoneutral
Wall Street analyst predicts major upside for crypto's most subscribed IPO

A Wall Street analyst is making a bold call on Circle Internet Group (NYSE: CRCL). Circle is best known as the company behind the world's second-largest stablecoin, USDC, and one of the most heavily oversubscribed crypto initial public offerings of 2025. Circle debuted on the New York Stock ...

Chubb CEO flags threat disrupting global oil supply
TheStreet63d agoneutral
Chubb CEO flags threat disrupting global oil supply

When the CEO of the world's largest publicly traded property and casualty insurer describes a waterway as a "war-zone environment" and says conditions change "from day to day, hour to hour," that is not hyperbole. That is a man whose company has skin in the game every time a vessel transits ...

SpaceX initiates first bond sale while the stock sheds post-IPO gains
Yahoo Finance Video63d agoneutralVIDEO
SpaceX initiates first bond sale while the stock sheds post-IPO gains

SpaceX (SPCX) stock has sunk by as much as 13% in Monday's session — continuing to shave off any post-IPO gains — as the Elon Musk company is already announcing its first bond issuance. Yahoo Finance Senior Transports Reporter Pras Subramanian comes on Market Domination to further discuss these details.

AI startup Reflection signs computing power deal with SpaceX
Reuters63d agoneutral
AI startup Reflection signs computing power deal with SpaceX

Reflection AI said on Monday it has signed a deal with SpaceX that will ‌grant the startup access to additional computing capacity at ‌the Elon Musk-led company's Colossus 2 data center. Under the agreement, the open-source ​AI startup will get immediate access to Nvidia GB300s, AI chips used to train and run advanced models, and has agreed to pay SpaceX $150 million per month beginning July 1, 2026, ‌through 2029, CNBC reported, ⁠citing materials viewed by the publisher. • SpaceX and Reflection did not immediately ⁠respond to Reuters' requests for comment about the agreement.

Intel CEO gives investors a reality check
TheStreet63d agoneutral
Intel CEO gives investors a reality check

AI stock investors have essentially been trained to follow a rule to invest in businesses closest to GPUs, data centers, and hyperscaler spending. Intel (INTC) CEO Lip-Bu Tan just flipped that script on the June 18 episode of No Priors: AI, Machine Learning, Tech, & Startups. Tan believes ...

Disney earnings expected to show improving US park attendance
Proactive63d agoneutral
Disney earnings expected to show improving US park attendance

Walt Disney Co (NYSE:DIS, XETRA:WDP) is expected to report modestly improving attendance trends at its domestic theme parks in its fiscal third quarter, Bank of America analysts have projected ahead of the entertainment giant’s upcoming report. The bank’s analysts wrote that Disney's...

Robinhood's multibillion-dollar move sends stock lower
TheStreet63d agoneutral
Robinhood's multibillion-dollar move sends stock lower

Founded in 2013, Robinhood Markets (Nasdaq: HOOD) is a brokerage platform that lists stocks, cryptocurrencies, and tokenized stocks among several offerings. Its zero-commission trading has made it extremely popular among young retail traders. The company went public via an initial public ...

Dividend Safety: This Big-Box Retailer Is a Top Choice for Retirees Protecting Their Wealth
24/7 Wall St.63d agoneutral
Dividend Safety: This Big-Box Retailer Is a Top Choice for Retirees Protecting Their Wealth

Consumer electronics giant Best Buy (NYSE: BBY) just declared a $0.96 quarterly payout, pushing the annualized dividend to $3.84 per share. At a recent price of $73.10, that is a yield of roughly 5.0%, well north of the 4.43% 10-year Treasury. With Kevin Warsh signaling a more hawkish Fed posture and retiree portfolios bracing for ... Dividend Safety: This Big-Box Retailer Is a Top Choice for Retirees Protecting Their Wealth

Buy, Hold, or Sell: Wall Street Fears Tech Compression, but This AI Storage Monster Has a Hidden Weapon
24/7 Wall St.63d agoneutral
Buy, Hold, or Sell: Wall Street Fears Tech Compression, but This AI Storage Monster Has a Hidden Weapon

At $1,031.34, Seagate Technology (NASDAQ:STX) looks fully valued, with a more attractive risk/reward profile only emerging on a macro-driven pullback toward $850. The stock just hit a fresh 52-week high on analyst target hikes, even as Wall Street braces for tighter Fed policy that could compress high-multiple tech names. Seagate leads in nearline hard disk ... Buy, Hold, or Sell: Wall Street Fears Tech Compression, but This AI Storage Monster Has a Hidden Weapon

Costco's CFO just answered the special-dividend question
TheStreet63d agoneutral
Costco's CFO just answered the special-dividend question

Costco has a quiet public relations strategy that keeps it in the news without generating controversy. First, the chain never tells members exactly when it plans to raise the cost of a membership. It generally does that every five years, but its most recent increase happened seven years and two ...

Micron, Anthropic sign AI infrastructure supply agreement
Reuters63d agoneutral
Micron, Anthropic sign AI infrastructure supply agreement

Micron Technology said on Monday it has signed an agreement with Anthropic that includes supply ‌of memory and storage products, and a strategic investment ‌in the IPO-bound AI company's latest funding round. AI developers are racing to secure ​critical components for increasingly expensive data-center buildouts, while memory makers look to tap into the soaring demand for high-bandwidth memory and storage used in training and running advanced AI models. "Our compute strategy depends ‌on getting every layer ⁠of the stack right, and memory and storage are central to how efficiently we can train ⁠and serve Claude," said Tom Brown, Anthropic's co-founder and chief compute officer.

Amazon Prime Day to gauge US consumer strain as focus shifts to basics
Reuters Videos63d agoneutralVIDEO
Amazon Prime Day to gauge US consumer strain as focus shifts to basics

<body><p>STORY: This week's Amazon Prime Day - which is actually a four-day shopping blitz - will be a litmus test for the spending power of American consumers, who have been squeezed by elevated inflation driven by high gas prices.</p><p>:: Amazon.com</p><p>With that in mind, what shoppers buy will be just as important as how much they spend.</p><p>This year, Amazon is featuring deals on groceries, household goods, travel and school items over carefree splurges on bigger-ticket items.</p><p>Or, as the CEO of small business lender Cardiff put it, quote, "People just don't have the cash right now. Prime Day isn't going to be about buying big TVs or fun stuff this year. It's for buying toilet paper and garbage bags on sale. Families are literally waiting for these discounts just to buy regular everyday things because their bank accounts are empty."</p><p>:: Amazon.com</p><p>The event, which kicks off Tuesday, was shifted to June from July for the first time in five years, in part to avoid competing with World Cup matches and the country's 250th birthday.</p><p>While rivals Walmart and Target have shadowed Prime Day for years, the overlap has turned it into a synchronized industry event, intensifying price competition.</p><p>Walmart's seven-day sale started Monday, while Target Circle Deal Days align exactly with Prime Day.</p><p>:: Amazon.com</p><p>But Amazon is expected to capture more than 60% of all U.S. online retail spending during the four-day Prime Day period, according to market research firm eMarketer.</p></body>

SpaceX Strikes $6 Billion Deal With AI Startup for Data-Center Space
The Wall Street Journal63d agoneutral
SpaceX Strikes $6 Billion Deal With AI Startup for Data-Center Space

Reflection AI, a $25 billion-valuation startup building a network of open-source AI models, has agreed to rent data-center capacity from SpaceX following similar agreements with Anthropic and Google. The deal will give SpaceX $150 million a month in revenue, starting July 1, through the end of 2029, according to a person familiar with the matter. A Reflection spokesperson said that “more compute means more runway to build the world’s best open models at scale.”

💬 Money Quote: Microsoft’s Satya Nadella on a New Path for AI
The Wall Street Journal63d agoneutral
💬 Money Quote: Microsoft’s Satya Nadella on a New Path for AI

📣 “You can’t say, hey, all white-collar jobs are gone and this could even be a weapon and we will use all the power to build data centers... No, how about we think about reorganizing the jobs?" —Microsoft CEO Satya Nadella on his critique of the AI power balance.

Micron shares come to Solana just in time for earnings
TheStreet63d agoneutral
Micron shares come to Solana just in time for earnings

Micron shares are now trading on Solana, and unlike on Wall Street, the market never closes. Sunrise and Backpack Securities have tokenized Micron (NASDAQ: MU) stock and brought it live on Solana on June 22, just two days before the chipmaker reports its fiscal third-quarter earnings. ...