Yahoo Finance63d agoneutral
Nvidia pushes deeper into biomedical researchNvidia is moving deeper into the biomedical space with its BioNeMo toolkit software
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Yahoo Finance63d agoneutral
Meta debuts AI-powered Meta Glasses, starting at $299Meta is launching a new line of AI-powered smart glasses called Meta Glasses.
Reuters Videos63d agobearishVIDEO
EU to ramp up Meta probe into addictive design: Bloomberg<body><p>STORY: The European Commission plans to ramp up its probe into Meta, a Bloomberg report said. </p><p>The EU alleges the social media giant designs its platforms to be addictive to children. </p><p>The report said the bloc is preparing preliminary findings but has not set a date for the announcement.</p><p>It’s not the first time Meta has faced scrutiny from the commission. </p><p>It first opened a probe into the company under the Digital Services Act in May 2024, due to concerns it had not adequately addressed risks to children.</p><p>In April it charged Meta with breaching its tech rules…</p><p>And said the Instagram owner must do more to block children under 13 from accessing social networks. </p><p>The report said the EU is considering curbs similar to those announced by the UK and other countries after an expert panel delivers recommendations next month.</p><p>Meta and the European Commission did not immediately respond to Reuters requests for comment. </p><p>Reuters could not independently verify the report.</p><p>Meanwhile, a source told Reuters the social media giant is pushing for legal protection in Washington. </p><p>The source said Meta is lobbying U.S. lawmakers for language that would shield social media firms from certain claims tied to minors’ safety and privacy.</p></body>
Yahoo Finance63d agoneutral
Oracle cut 21,000 jobs as AI buildout continuesOracle cut 21,000 jobs in the past year.
Investing.com63d agobullish
Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunityInvesting.com -- Piper Sandler upgraded semiconductor design software maker Synopsys to Overweight from Neutral and raised its price target to $550 from $450, citing improving prospects for the company's intellectual property (IP) business as Intel's foundry ambitions gain traction.
Investing.com63d agobearish
South Korea leveraged ETF crisis sparks global chip selloffSamsung Electronics (005930) fell 12.31% to 310,000 KRW in Seoul, and SK Hynix (000660) dropped 12.47% to 2,555,000 KRW, with both stocks opening sharply higher before collapsing through the session. The magnitude of the moves helped push the KOSPI down roughly 9-10% from its recent record high, triggering a market-wide circuit-breaker trading halt. Nasdaq 100 futures were down more than 2% ahead of the US open, putting the index on pace to shed more than $1 trillion in market value, Reuters rep
Investing.com63d agobearish
Nike slips after Evercore downgrades stock on gloomy near-term outlookInvesting.com -- Nike shares slipped 1.4% in premarket trading Tuesday after Evercore ISI downgraded the stock to In Line from Outperform and cut its price target to $46 from $57.
StockStory63d agoneutral
Harley-Davidson (HOG): Buy, Sell, or Hold Post Q1 Earnings?Harley-Davidson’s 19.5% return over the past six months has outpaced the S&P 500 by 11%, and its stock price has climbed to $24.78 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
24/7 Wall St.63d agoneutral
Bank of America Sees Interest Rates Exploding Higher Soon: Play It Safe With 4 Dividend GiantsBank of America has predicted that the Federal Reserve will be forced to raise interest rates by 75 basis points this year, with the first 25-basis-point hike in September. They also see additional 25-basis-point hikes in October and December. The energy shock from the war with Iran drove inflation higher, with the CPI rising in ... Bank of America Sees Interest Rates Exploding Higher Soon: Play It Safe With 4 Dividend Giants
Investor's Business Daily63d agoneutral
SpaceX Stock: Cathie Wood Bought More SPCX As It Dived 16%Cathie Wood's firm ARK Invest bought more than 200,000 shares of Elon Musk's SpaceX on Monday when the stock tumbled 16%.
Investing.com63d agoneutral
Exclusive: Webull launches private market SPVs for late-stage company accessInvesting.com -- Webull is launching a private markets solution that will give eligible accredited investors access to late-stage private companies through special purpose vehicles on its platform, Investing.com has learned.
The Wall Street Journal63d agoneutral
U.S. Bets Billions of Dollars in Low-Cost Loans Can Revive Nuclear PowerThe Trump administration is so eager to see a nuclear power renaissance that it is starting to fund billions of dollars for reactor orders. In a new deal expected to be announced Tuesday, low-interest loans amounting to $17.5 billion from the Energy Department will be available for utilities to finance equipment orders for the Westinghouse AP1000, the company’s flagship nuclear reactor, a version of which China is building at industrial scale. The loans are intended to speed up construction of 10 reactors in the U.S. Five loans will be available for projects with two reactors each, the Energy Department said.
The Wall Street Journal63d agoneutral
U.S. Bets Billions of Dollars in Low-Cost Loans Can Revive Nuclear PowerThe Energy Department will let utilities tap government funds to kick-start reactor orders.
The Wall Street Journal63d agoneutral
Oracle Sheds 21,000 JobsOracle cut around 21,000 jobs last year as the tech company continued to develop its artificial-intelligence business and made heavy investment in data centers. The cuts are part of a wider trend among tech firms as they spend hundreds of billions of dollars building out AI infrastructure.
Investing.com63d agoneutral
SpaceX, Nike slip premarket; Zeta Global risesInvesting.com - U.S. stock index futures fell sharply on Tuesday, with technology shares once again leading losses amid a broader sell-off in artificial intelligence and semiconductor stocks.
Reuters63d agobearish
UK tribunal gives go ahead for $4 billion lawsuit against Apple over iCloud servicesBritain's competition tribunal has approved a £3 billion ($4 billion) lawsuit against Apple over its iCloud storage service, consumer group Which? The Competition Appeal Tribunal granted earlier in June a collective proceedings order allowing Which?
Quartz63d agobearish
SpaceX stock falls below IPO day close, losing $400 billion in market capAnyone who bought SpaceX stock in the open market after its first trading day is now underwater on those purchases
GuruFocus.com63d agobearish
Tesla Stock Sinks After Fatal Crash Triggers Federal ProbeTesla Faces New Self-Driving Questions After Fatal Crash, Stock Slides
The Wall Street Journal63d agoneutral
Tech, Media & Telecom Roundup: Market TalkFind insight on ASML, Getty Images, SGHand more in the latest Market Talks covering technology, media and telecom.
Bloomberg63d agoneutral
‘Looking Over Our Shoulder:’ Traders Are Loading Up on VIX Calls(Bloomberg) -- Summer is officially here for US stock traders. Recession odds aren’t alarming. The US and Iran are negotiating. Corporate America’s profits are at record highs. And trade policy? Not too much of a worry — at least for now.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Ho
Reuters63d agoneutral
SoFi deepens AI-powered trading ambitions with Composer dealFinancial services firm SoFi said on Tuesday it has bought Composer, an AI startup that helps retail investors build and execute sophisticated trading strategies that have long been the preserve of Wall Street firms. While commission-free trading has made it easier for individual investors to buy and sell stocks, access to sophisticated systematic investing tools has remained largely concentrated among hedge funds and institutional firms even in recent years. SoFi is betting that AI can help close that gap by allowing mom-and-pop investors to build and test complex trading strategies with little to no coding or specialized AI prompting expertise.
Sourcing Journal63d agoneutral
Retailers Overstocked to Avoid Tariffs. Then Inflation Hit.B-Stock sees excess inventory piling up in warehouses.
24/7 Wall St.63d agoneutral
Here Are Tuesday’s Best Wall Street Analyst Research Calls: Centene, Darden Restaurants, Flutter Entertainment, GE Healthcare, IBM, Nike, SpaceX, Synopsys, Target, and MorePre-Market Stock Futures: Futures are trading lower after a mixed start to trading on Monday, following the holiday-shortened week due to the Juneteenth Federal holiday. We may start to see some end-of-the-quarter reallocations and selling for Hedge funds, ETFs, and Mutual Funds this week, and today looks like a starting point. With most corporate buybacks ... Here Are Tuesday’s Best Wall Street Analyst Research Calls: Centene, Darden Restaurants, Flutter Entertainment, GE Healthcare, IBM, Nike,
GuruFocus.com63d agobearish
Needham Drops Massive Micron Price Target Hike Ahead of Crucial EarningsAI Memory Boom Fuels Bold Micron Call as Needham Raises the Bar
Bloomberg63d agoneutral
Tesla Stockholders Bet on SpaceX Merger as Musk’s Real Endgame(Bloomberg) -- It’s been a challenging year for Tesla Inc. shareholders, losing almost 10% while watching Elon Musk’s SpaceX complete the biggest initial public offering ever and immediately become the most valuable entity in the newly minted trillionaire’s collection. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as
24/7 Wall St.63d agoneutral
Will the Tech Stock Rout Force Anthropic to Pull Its IPO?Anthropic appeared poised to become the next blockbuster public offering. Just weeks ago, enthusiasm surrounding artificial intelligence seemed unstoppable, private market valuations were climbing, and investors were already comparing Anthropic’s potential debut to SpaceX‘s (NASDAQ:SPCX) record-setting IPO. Yet markets can change direction in a hurry. A sudden global sell-off in technology stocks has raised an ... Will the Tech Stock Rout Force Anthropic to Pull Its IPO?
MT Newswires63d agoneutral
US Dollar Rises Early Tuesday Ahead of Philadelphia Fed Nonmanufacturing, Redbook, S&P GlobalThe US dollar rose against its major trading partners early Tuesday, except for a decline versus the
Reuters63d agoneutral
Netherlands to join US-led Pax Silica AI initiative despite ASML disputeBy Toby Sterling AMSTERDAM, June 23 (Reuters) - The Netherlands will join the Pax Silica group of U.S.-allied countries coordinating AI supply chains, the foreign ministry said on Tuesday, despite