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Analyst: UPS-Teamsters 2028 showdown will unleash parcel industry tsunami
FreightWaves5d agoneutral
Analyst: UPS-Teamsters 2028 showdown will unleash parcel industry tsunami

UPS’s next contract with the Teamsters union in two years will determine its own fate in parcel delivery and create monumental change at Amazon, FedEx, the U.S. Postal Service, Walmart and other couriers, according to an industry expert. The post Analyst: UPS-Teamsters 2028 showdown will unleash parcel industry tsunami appeared first on FreightWaves.

OpenAI vs Anthropic IPOs: Why timing matters for AI investors
Yahoo Finance Video5d agoneutralVIDEO
OpenAI vs Anthropic IPOs: Why timing matters for AI investors

Amanda Agati, PNC Asset Management Group CIO joins Yahoo Finance Executive Editor Brian Sozzi to discuss whether potential IPOs from AI giants Anthropic (ANTH.PVT) and OpenAI (OPAI.PVT) matter for the broader equity market rally.

27-year-old chip stock sees price target slashed despite sales, profit surge
TheStreet5d agobullish
27-year-old chip stock sees price target slashed despite sales, profit surge

Onsemi has spent several years working through weakness in its core automotive and industrial markets, and its latest quarter gave Wall Street a clearer look at where the next leg of growth could come from. The chipmaker reported second-quarter results on Aug. 3 that showed improving revenue, ...

Bloomberg5d agoneutral
Nvidia Credit Risk Eases After CEO Clarifies $500 Billion Plan

(Bloomberg) -- Bond traders dialed back measures of credit risk associated with Nvidia Corp. on Tuesday after the company said it would limit its exposure in a $500 billion plan to finance the type of artificial-intelligence investments that are driving demand for its computer chips. Most Read from BloombergFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AIChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentTrump M

Earnings Are Beating Wall Street’s Boldest Expectations. What Comes Next.
Barrons.com5d agobullish
Earnings Are Beating Wall Street’s Boldest Expectations. What Comes Next.

There’s an elegant simplicity to one of the central tenets in gauging the health of the stock market and the companies that comprise its benchmark indexes: figuring out what’s in the till at the end of the day. Profit remains the most important measure of stock market health—and Corporate America is raking it in. “The greatest force behind stock markets right now is earnings, which is helping to overshadow concerns about Iran, inflation and AI [capital expenditure] spending viability,” said Dennis Follmer, chief investment officer, at Montis Financial in Waltham, Mass., to Barron’s. “Earnings have been an absolute freight train driving this market higher.”

Riot Platforms $9.1B AI deal fuels speculation around Anthropic IPO
Proactive5d agoneutral
Riot Platforms $9.1B AI deal fuels speculation around Anthropic IPO

Riot Platforms Inc (NASDAQ:RIOT) shares rose about 4% on Tuesday after the bitcoin mining company announced a 20-year data center lease with a leading frontier AI lab in a deal valued at approximately $9.1 billion over its initial term. The tenant was not identified by Riot, but the deal has...

Why Open-Weight AI Models Matter and Meta Benefits from Them
The Wall Street Journal5d agoneutral
Why Open-Weight AI Models Matter and Meta Benefits from Them

Open-source software has been one of tech’s biggest-ever success stories. No surprise, then, that developers of open-weight AI models try to borrow some open-source sunshine. Meta Platforms chief Mark Zuckerberg on Monday became the latest tech executive to draw an equivalence between the two, calling open-weight models “open source AI” in a 6,500-word essay posted by the company.