By Alexandra Alper WASHINGTON, Aug 10 (Reuters) - Republican Congressman John Moolenaar, who leads the House Select Committee on China, called on the Trump administration to make sure chip
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Aug 10 () - Meta CEO Mark Zuckerberg called for lower U. barriers for open-source AI models to compete with Chinese rivals as the social media giant released a new open-weight model on Monday.
The Meta CEO has issued a 6,500-word encyclical laying out the company’s thinking on the AI race. Here are a few key takeaways.
The Meta CEO has a new game plan for winning over hearts and minds to his company’s artificial-intelligence efforts.
FedEx has deployed trailer loading systems at a Maryland hub, while Amazon aims to double its robotic arms fleet this year amid an industry push for automation.
The Federal Aviation Administration (FAA) has issued an Airworthiness Directive after it identified cracks in the fuselage of some Boeing Co. 737 family aircraft. Cracks in the Fuselage In the directive released on Thursday, the FAA said that the probe...
Conventional wisdom would say no. But over the last 12 years, e.l.f. Beauty CEO Tarang Amin has done it, and on this week’s episode of WSJ Leadership Institute Presents: Leaders, he shares how. “Everything I know about cash flow, economic profit, how you treat people, really came from those early days building up our family business like that,” Tarang told me.
One group that doesn’t want the Iran war to end soon is China’s electric-vehicle makers. The crisis in the Middle East is helping them export their way out of trouble: Chinese carmakers are sending excess supply to overseas markets, where high gasoline prices are prompting more drivers to buy EVs. The market share of traditional carmakers is the big casualty.
Thanks to mid six-figure bonuses, engineers at Samsung and SK Hynix are the hottest bachelors in South Korea.
(Bloomberg) -- JPMorgan Chase & Co. strategists raised their S&P 500 Index forecast for a second time in two months, citing strong corporate earnings and the payoff from massive artificial intelligence spending. Most Read from BloombergIran Shakes Up Security Team After Saying Oman Deal ‘Very Close’China Unleashes $28 Trillion Capital Markets to Challenge US in AIStocks Hold Near Record Highs, Oil Ticks Higher: Markets WrapTrump Amps Up Pressure on Billionaire Sargeant to Exit VenezuelaIran Says
SpaceX has struggled in recent weeks.
The memory specialist is priced as if the boom ends imminently. The industry's own construction schedules point years further out.
U. S. stock futures were mixed but generally positive on Monday as investors weighed diminishing prospects for a rapid resolution to the Iran conflict against expectations for important U.
By Saqib Iqbal Ahmed NEW YORK, Aug 10 (Reuters) - Fear of missing out is driving a buying rush on Wall Street, with options market metrics flashing some of the most bullish signals in years.
Stocks looked set to rise on Monday as investors’ focus shifted to inflation, with this week’s consumer-price report print likely to help determine if the Federal Reserve can stick to its guns by not hiking interest rates in September. Nasdaq 100 futures rose 0.4%. Dow Jones Industrial Average futures slipped 30 points, or 0.1%.
Walmart tends to perform well in both good economies and bad -- and its e-commerce business is growing briskly.
Retail traders appear to be more interested in RKLB. RKLB’s watcher count increased 16% over three months and 56% over a year, versus 12% and 47% for ASTS.
Berkshire Hathaway ended June with $364.7 billion in cash and Treasury bills, 4% less than three months earlier. The drop, driven by the $6.8 billion purchase of Taylor Morrison Home and a $10 billion investment in Alphabet, was the first for the conglomerate in four years.
Monday Earnings (a.m): Barrick Mining Earnings (p.m.): Simon Property, Rocket Lab, JBS, Hims & Hers Health, Trump Media Tuesday Economic data: NFIB small-business index for July, existing home sales Earnings: Cardinal Health, Lumentum, CoreWeave, Super Micro, On Holding, Smithfield Foods Wednesday Inflation data: Consumer price index for July, 8:30 a.
Shares were mixed in Asia on Monday, with Japan’s Nikkei 225 leading advances after stocks rose on Wall Street, ending last week with gains. Oil prices rose and U.S. futures were little changed. In Tokyo, the benchmark Nikkei 225 jumped 2% to 66,890.02, pulled higher by strong gains for technology companies.
J.P. Morgan raised its year-end target for the S&P 500 index to 8,000 from 7,800 on Monday, citing prospects of solid corporate earnings and rising confidence that AI investments by large hyperscalers would drive faster revenue growth. The new target implies about 3.1% upside from the index's last close of 7,757.64 and adds to a growing wave of bullish calls, with at least seven brokerages now expecting the benchmark to reach the 8,000 level by 2026-end. "As elevated backlogs convert into recognized revenue, cloud growth should remain well supported, helping validate rising AI capex, strengthen order coverage, and further ease ROIC (return on invested capital) concerns," J.P. Morgan analysts said.
South Korea will launch a 5 trillion won ($3.52 billion) semiconductor fund targeting promising chip materials, parts, equipment and fabless companies, a presidential official said, as Seoul seeks to accelerate plans for new chip manufacturing hubs across the country. The government will also provide a further 5 trillion won in trade finance for suppliers, Presidential Chief of Staff Kang Hoon-sik told a press briefing after a meeting chaired by President Lee Jae Myung on Monday. The measures are part of Lee's semiconductor megaproject initiative unveiled in June, under which Samsung Electronics and SK Hynix, together with suppliers and local governments, are expected to invest more than $576 billion in new chip manufacturing projects, including major fabrication facilities in the country's southwest region.
Regal Rexnord (RRX) is back in focus after its second quarter 2026 report, which featured higher sales, higher net income and updated full year earnings guidance that narrows expected GAAP EPS. See our latest analysis for Regal Rexnord. The latest earnings update and narrowed GAAP EPS guidance arrived after a sharp pullback in Regal Rexnord's share price, with the 7 day share price return down 13.27% and the 30 day share price return down 17.17%. However, the year to date share price return...
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Amazon.com, Inc. (NASDAQ:AMZN) are responsible for a large share of the S&P 500’s second-quarter earnings growth, a concentration highlighted by investor Ross Gerber using FactSet (NYSE:FDS) data. Alphabet, Amazon Drive 71% of Earnings Increase Gerber highlighted FactSet data cited by the Wall Street Journal showing that Alphabet and Amazon account for about 71% of the dollar increase in S&P 500 blended earnings since July. ‘Alphabet and Amazon alon
(Bloomberg) -- China’s humanoid robot makers commanded more than 97% of global shipments in the first half of 2026, according to new industry data affirming the country’s early lead against US rivals in the burgeoning field.Most Read from BloombergIran Shakes Up Security Team After Saying Oman Deal ‘Very Close’China Unleashes $28 Trillion Capital Markets to Challenge US in AITrump Amps Up Pressure on Billionaire Sargeant to Exit VenezuelaGlobal Stock Rally Extends, Oil Advances on Iran: Markets
(Bloomberg) -- Emerging-market stocks and currencies climbed at the start of a new week as expectations for Federal Reserve rate hikes eased following Friday’s unexpectedly weak US employment report.Most Read from BloombergIran Shakes Up Security Team After Saying Oman Deal ‘Very Close’Trump Amps Up Pressure on Billionaire Sargeant to Exit VenezuelaChina Unleashes $28 Trillion Capital Markets to Challenge US in AIGlobal Stock Rally Extends, Oil Advances on Iran: Markets WrapIran Says Hormuz Deal
Vitalhub (TSE:VHI) reported second-quarter 2026 revenue of CAD 31.7 million, up 33% from the prior-year period, while annual recurring revenue surpassed CAD 100 million for the first time. Chief Financial Officer Brian Goffenberg said the company ended June with CAD 101.5 million in annual recurrin
Burning more coins would tamp down supply inflation, but it might not be enough.
Sony Group and Taiwan's TSMC plan to spend around 1 trillion yen ($6.32 billion) to jointly make next-generation microchips used in image sensors, the Nikkei business daily said on Monday. A joint venture owned about 60% by Sony and 40% by TSMC will start commercial production as early as 2029 in southern Japan's Kumamoto prefecture, the paper said. The two tech giants said in May they planned to form a joint venture in Japan to develop and manufacture next-generation image sensors, combining Sony's sensor design expertise with TSMC's manufacturing and process technology strengths.