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Bloomberg87d agoneutral
Goldman Said to Work on Retailer IPO, Boosting Kuwait Push

(Bloomberg) -- Goldman Sachs Group Inc. is working on a potential initial public offering of a Kuwaiti online beauty and fashion retailer, a deal that could mark the Wall Street bank’s first listing mandate in the Gulf nation as it seeks to expand there.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz T

Senate Returns With Clarity Act: CBDC Blocked, Stablecoins Win
Cryptonews87d agoneutral
Senate Returns With Clarity Act: CBDC Blocked, Stablecoins Win

The US Senate has returned from recess with the Digital Asset Clarity Act at the top of the legislative calendar, and the bill’s most consequential provision is not market structure-it is the explicit prohibition on the Federal Reserve issuing a retail Central Bank Digital Currency. That CBDC block, if enacted, ...

Broadcom Earnings, Jobs Report: What to Watch This Week
The Wall Street Journal87d agoneutral
Broadcom Earnings, Jobs Report: What to Watch This Week

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

SK Hynix plans to double wafer capacity in next five years, group chairman says
Reuters87d agoneutral
SK Hynix plans to double wafer capacity in next five years, group chairman says

The chairman of South Korea's SK Group said on Tuesday its memory chip ‌unit SK Hynix aims to double wafer capacity ‌over the next five years. Chey Tae-won was speaking at the Computex conference ​in Taipei, where executives from some of the world's top technology companies, including Nvidia, are gathering. He added that he hopes his company can be a major high-bandwidth memory (HBM) supplier for Nvidia's Vera Rubin system.

Arm May Hit $15 Billion AI Chip Revenue Goal Early, CEO Says
Bloomberg87d agoneutral
Arm May Hit $15 Billion AI Chip Revenue Goal Early, CEO Says

(Bloomberg) -- Arm Holdings Plc may achieve its target of $15 billion in sales of its own chips earlier than anticipated, its chief executive officer said, reflecting stronger-than-projected demand from the AI boom.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAndrew Left Found

STMicroelectronics raises data centre revenue target on AI demand
Reuters87d agoneutral
STMicroelectronics raises data centre revenue target on AI demand

STMicroelectronics raised the revenue target for its ‌data centre business on ‌Tuesday, citing continued strong demand tied to ​AI infrastructure and progress in expanding capacity. The Franco-Italian chipmaker now expects data centre revenue of about $1 ‌billion in ⁠2026, compared with its previous forecast for revenue "nicely ⁠above" $500 million. "Assuming the current dynamic continues and with the current ​engagements we ​have, revenues ​could double in ‌2027," STMicro said in a statement.

Amazon moves Prime Day back to June, keeps it a four-day event
Reuters87d agoneutral
Amazon moves Prime Day back to June, keeps it a four-day event

Amazon.com will host its annual Prime Day sales event from June 23 to June 26 after launching the event in July for the ‌past five years, citing major holidays and sporting events as factors in its decision. Prime Day ‌is one of Amazon's biggest sales events of the year, and helped drive $24.1 billion in U.S. online spending in 2025 when ​it extended the event to four days from two, according to data from Adobe Analytics. The e-commerce company considers U.S. and global events, religious holidays and bank holidays when choosing the dates for Prime Day each year.

Taiwan president says keeping political status quo is key to securing supply chains
Reuters87d agoneutral
Taiwan president says keeping political status quo is key to securing supply chains

Taiwan President Lai Ching-te said on Tuesday that maintaining the ‌political status quo is the most responsible thing the island can do to secure global supply chains ‌as it hosts some of the world's leading technology leaders at an annual conference. Taiwan plays a pivotal role in the global artificial intelligence supply ​chain for companies including Nvidia and Apple, and its position is anchored by the world's largest contract chipmaker, TSMC. "As the world's need for AI grows, so too does its need for a Taiwan that is stable, trustworthy, and capable of shouldering responsibility," Lai said at the opening ceremony of Computex in Taipei, where leaders of some of the largest global technology companies ‌are gathering.

Bloomberg87d agoneutral
Nvidia Boss Says Workers Should Be Paid ‘as Much as Possible’

(Bloomberg) -- Nvidia Corp. Chief Executive Officer Jensen Huang said he pays his workers as much as possible, weighing in on a growing global debate about how profits from the AI infrastructure boom should be shared.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAndrew Left Foun

Walmart targets last-minute shoppers with delivery push
TheStreet87d agoneutral
Walmart targets last-minute shoppers with delivery push

The weekly grocery trip is no longer just a trip. Many shoppers are ordering groceries from their phones, using delivery for last-minute dinner ingredients, medicine, pet food, baby supplies, and household essentials that once required a quick run to the store. That shift has made delivery speed ...

Chipotle revives generous offer for customers amid price hikes
TheStreet87d agoneutral
Chipotle revives generous offer for customers amid price hikes

Fast food has become more of a luxury for U.S. consumers in recent years, as menu prices have continued to climb amid inflation. The average restaurant menu prices increased by 31% between February 2020 and April 2025, according to Bureau of Labor Statistics data analyzed by the National ...

China Robotics Firms Line Up IPOs to Pitch Next Phase of AI
Bloomberg87d agoneutral
China Robotics Firms Line Up IPOs to Pitch Next Phase of AI

(Bloomberg) -- China is pitching itself as the global fulcrum for the next phase of artificial intelligence and a legion of robotics companies is lining up initial public offerings to test investor appetite.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionAlphabet to Raise $80 Billion in Equity for AI SpendingStocks Rise on Trump’s Iran Re

Rivian just achieved something Tesla has long dominated
TheStreet87d agoneutral
Rivian just achieved something Tesla has long dominated

Tesla (TSLA) has developed one of the most important advantages in the electric vehicle (EV) industry over the years. The corporation doesn’t only move a lot of EVs. It has also been a benchmark for maximizing the driving range from every kilowatt-hour of battery capacity. It matters to drivers who ...