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Bloomberg71d agoneutral
China Stock Gauge Sinks as Traders Favor AI Winners Elsewhere

(Bloomberg) -- Chinese stocks listed in Hong Kong are facing bleak milestones as a global rush into artificial intelligence supply chain players sidelines the Internet and consumer companies that dominate the offshore benchmark.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealModi Warns of ‘Short

Europe frets about U.S. AI as tech world flocks to France for G7, VivaTech
Reuters71d agoneutral
Europe frets about U.S. AI as tech world flocks to France for G7, VivaTech

Europe's quest for technological sovereignty will dominate discussions at the G7 in France and the VivaTech conference in Paris this week, as policymakers and technology executives fret about American AI, ‌with alternatives remaining scarce. The gatherings come days after the United States tightened restrictions on Anthropic's most advanced AI models for ‌foreign nationals, underscoring Europe's vulnerability that political whims could derail its race to build domestic AI champions. "Tech sovereignty will be top of mind this week at VivaTech," Ana Paula ​Assis, senior vice president at IBM, told Reuters.

Bloomberg71d agoneutral
Kraken Unit Inks $100 Million Private Loan With New Gulf Firm

(Bloomberg) -- A US trading platform owned by crypto exchange Kraken has signed a $100 million private loan with a new Gulf investment firm, in another sign that Middle East financiers are looking past the regional conflict to press ahead with overseas investments.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Ga

Analysts are watching key Bitcoin level for next bull run
TheStreet71d agoneutral
Analysts are watching key Bitcoin level for next bull run

Bitcoin has been one of the most-watched assets in 2026, alongside oil, gold, and stocks. Governments now hold 518,526 BTC, or 2.47% of the total supply, with the U.S. accounting for nearly 0.94%. As Bitcoin trades between $60,000 and $65,000, investors are keeping a close eye on ...

Bloomberg71d agoneutral
ECB Officials Say Peace in Iran Isn’t Enough to Fix Energy Shock

(Bloomberg) -- European Central Bank officials are signaling that a US-Iran peace accord won’t necessarily stop them lifting interest rates further, even if it prevents a more pronounced overshoot in inflation.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealStudios in Microsoft’s Xbox Division B

Uber, Lyft use AI to charge riders more, CR says
TheStreet71d agoneutral
Uber, Lyft use AI to charge riders more, CR says

If you have been on Instagram or TikTok recently, you've probably seen influencers telling you to purchase your plane tickets at the library or use a VPN to mask your location because of dynamic pricing that changes based on location and search frequency. Dynamic pricing, also known by monikers ...

Chevron CEO to investors: It’s not just about oil prices
TheStreet71d agoneutral
Chevron CEO to investors: It’s not just about oil prices

For most of the past four months, the story around Chevron (CVX) has been told through oil prices, Hormuz disruption data, and supply shock warnings. CEO Mike Wirth has been a fixture of that coverage, warning about inventory drawdowns and the inadequacy of the futures market's pricing. The ...

Bloomberg71d agobullish
Startup Backed by Ex-Google CEO Debuts Robot, LG Partnership

(Bloomberg) -- A startup backed by former Google Chief Executive Officer Eric Schmidt unveiled an industrial robot powered by artificial intelligence, as investors pile into the emerging field of humanoids. Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealModi Warns of ‘Shortage of Trust’ Ahead o

Real estate tech firm exits key hub, cuts 100s of jobs
TheStreet71d agobearish
Real estate tech firm exits key hub, cuts 100s of jobs

Opendoor built its business around the simple idea of making home sales faster, easier, and less stressful. The real estate technology company lets homeowners request cash offers online, avoid some of the uncertainty of traditional listings, and close more quickly. But behind that ...

Nike gets World Cup opportunity it can’t afford to waste
TheStreet71d agoneutral
Nike gets World Cup opportunity it can’t afford to waste

Nike (NKE) is entering the World Cup with one of the biggest marketing opportunities in sports. The brand has new football boots, new federation shirts, a global campaign, and thousands of revamped store displays tailored around sport’s biggest stage. That should be a great situation for a brand ...

Bloomberg71d agoneutral
General Atlantic in Talks to Lead Funding for China’s Kling AI

(Bloomberg) -- Kuaishou Technology is in discussions with General Atlantic to lead a first round of financing for its video AI arm, seeking to secure a major US backer ahead of an initial public offering.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealRead the 14-Point Draft Memorandum Between the US and IranStudios in Microsoft’s Xbox Division Brace for ClosuresUS Set to Offer Iran Broad Financial Gains in

'Walmart's only crypto toy' shuts down popular game
TheStreet71d agoneutral
'Walmart's only crypto toy' shuts down popular game

The Pudgy Penguins (PENGU) is one of the most popular non-fungible token (NFT) projects ever. In simple words, an NFT is a unique digital asset that acts as a secure certificate of ownership for a specific item, such as digital art, music, gaming avatars, or virtual real estate. In September ...

McDonald's revives beloved menu item after 34 years
TheStreet71d agoneutral
McDonald's revives beloved menu item after 34 years

When you think of quintessential American foods, a few things immediately come to mind: fried chicken, saucy barbecue, hamburgers, and apple pie. Apple pie may be one of the nation’s most iconic desserts, but it wasn’t actually invented here. The first known recipe dates back to England ...

Canada's biggest blockchain conference returns in July
TheStreet71d agoneutral
Canada's biggest blockchain conference returns in July

Canada's largest blockchain and artificial intelligence event is returning this summer. The Blockchain Futurist Conference is set to run July 21–22, 2026, bringing together thousands of people from the technology, finance, and digital asset industries. Organizers say the conference is ...

Review & Preview: Warsh Watch
Barrons.com71d agoneutral
Review & Preview: Warsh Watch

The Dow rose 332 points, or 0.6%, to finish at a record high. Despite the downward slide of oil prices, trading ahead of Wednesday’s Fed interest rate decision was relatively “light and featureless,” writes Joe Mazzola, head trading and derivatives strategist at Charles Schwab. Kevin Warsh’s first press conference as Fed chairman is the big event tomorrow (more on that below), but the U.S. Census is also set to release a significant economic barometer on Wednesday morning: May retail sales.

AMD deal sparks Rackspace stock surge as company cuts jobs
TheStreet71d agoneutral
AMD deal sparks Rackspace stock surge as company cuts jobs

Rackspace Technology (RXT) runs the infrastructure that many enterprises rely on when they want managed cloud services without building everything in-house. The San Antonio-based company operates across public and private cloud segments, handling the compute, storage, and security layers that sit ...

HSBC partners with Google Cloud to expand AI usage
Reuters71d agoneutral
HSBC partners with Google Cloud to expand AI usage

HSBC on Wednesday announced a multi-year partnership with Alphabet Inc-owned Google Cloud focused on building ‌the British bank's artificial intelligence capabilities. The tie-up marks the ‌latest step in HSBC CEO Georges Elhedery's drive to embrace the revenue-generating and cost-savings ​power of AI which can process vast amounts of data, automating tasks previously done by people. The partnership, which HSBC said will focus on areas such as advice for wealth management clients and financial ‌crime risk management, shows ⁠how banks worldwide are accelerating their adoption of AI as they compete in a technology arms race ⁠with each other.