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Bank of America argues Amazon retail rival is major AI winner
TheStreet37d agoneutral
Bank of America argues Amazon retail rival is major AI winner

Online shopping is moving into a new phase, and consumers may not always notice who is powering it. A shopper today can ask an AI assistant to compare products, find deals, read reviews, build a cart, and move closer to checkout without visiting a traditional retailer's website. In some ...

📹 Watch: Why Investors Are Worrying Over the AI Bond Boom
The Wall Street Journal37d agoneutral
📹 Watch: Why Investors Are Worrying Over the AI Bond Boom

Amazon became the latest company to launch a giant U.S. bond offering this week to invest in its artificial-intelligence ambitions. WSJ’s Telis Demos explains what the AI boom’s move into the bond market means for investors.

Two Big Tech Names Are Giving Stocks a Boost
Barrons.com37d agoneutral
Two Big Tech Names Are Giving Stocks a Boost

Meta stock’s gains are leading the S&P 500 and the Magnificent Seven on Friday. The S&P 500 was up 0.2%, and the Dow gained 0.2%. The tech-heavy Nasdaq was up 0.1%. Meta stock was up 5.8%, adding to its best week since 2024, according to Dow Jones Market Data.

Bloomberg37d agoneutral
SK Hynix Open to Issuing More US Shares, SK Group Chairman Says

(Bloomberg) -- SK Hynix Inc. is open to issuing more US shares should returns prove strong and the company’s stock price remains stable, SK Group Chairman Chey Tae-won said.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsSK Hynix Raises $26.5 Billion in Biggest Foreign Debut in USPrabowo’s Clampdown on Indonesian Tycoons Fuels Capital FlightZuckerberg Pledges ‘Aggressive’ Pricing With Met

China approves fast-fashion giant Shein's Hong Kong listing bid
AFP37d agoneutral
China approves fast-fashion giant Shein's Hong Kong listing bid

Fashion titan Shein has won approval from China's market watchdog for its initial public offering application in Hong Kong, the China Securities Regulatory Commission said in a statement on Friday.- 'Selective reopening' - Beijing's approval signifies that "China is still supporting Hong Kong as a major offshore capital raising platform", Kelvin Lam, a China-focused economist at Pantheon Macroeconomics, told AFP. The US regulatory ban on Shein's listing bid in New York, which cited supply chain

Meta Platforms Jumps 6% on AI Cloud Ambitions: Can It Challenge Amazon and CoreWeave?
24/7 Wall St.37d agobullish
Meta Platforms Jumps 6% on AI Cloud Ambitions: Can It Challenge Amazon and CoreWeave?

Shares of Meta Platforms (NASDAQ:META) are up 6% in Friday morning trading, changing hands at $670 after Thursday’s close of $631.48. The move extends a hot stretch for Meta Platforms stock, which have climbed 15% over the past week. The catalyst is a rethink of what Meta Platforms is building. A Reuters-reported internal memo and ... Meta Platforms Jumps 6% on AI Cloud Ambitions: Can It Challenge Amazon and CoreWeave?

UK Places Major Cloud Providers Under Financial Sector Oversight (MSFT)
InvestorsHub37d agoneutral
UK Places Major Cloud Providers Under Financial Sector Oversight (MSFT)

The UK government has formally classified major cloud computing providers, including Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOG), Amazon (NASDAQ:AMZN) and Oracle (NYSE:ORCL), as critical third-party suppliers to the country’s financial services industry, subjecting them to direct regulatory supervision. The decision is intended to strengthen the resilience of banks, insurers and financial market infrastructure by reducing the risks associated with cyber incidents, operational failures and tech