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Ferrari's First EV Fails to Impress Investors
The Wall Street Journal79d agoneutral
Ferrari's First EV Fails to Impress Investors

Europe’s most valuable automaker took the wraps off its first-ever model without an internal combustion engine Sunday. Designed in partnership with celebrated Apple alumnus Jony Ive, the Ferrari Luce is big on glass, light and space.

April shipments of foreign-branded phones in China up 1.8% Y/Y, CAICT data shows
Reuters79d agoneutral
April shipments of foreign-branded phones in China up 1.8% Y/Y, CAICT data shows

Shipments of foreign-branded mobile ‌phones in China ‌for April, including Apple's iPhones, ​were up 1.8% from the same month last year, Reuters calculations ‌based on ⁠data released by a government-affiliated research ⁠firm on Tuesday showed. The data from the ​China Academy ​of ​Information and ‌Communications Technology showed shipments of foreign-branded phones within China were at 3.59 million units in ‌April. Overall phone shipments ​in China ​last ​month were up ‌2.8% year-on-year to ​25.73 million ​units, according to the data.

Wedbush analyst has bold IMAX stock message for investors
TheStreet80d agoneutral
Wedbush analyst has bold IMAX stock message for investors

IMAX Corporation (IMAX) shareholders had the kind of Friday that rewrites a year. Shares of the premium cinema technology company jumped about 15% on May 22, closing at $39.12, after The Wall Street Journal reported the company is exploring a sale and has approached entertainment companies as ...

Italian Stocks Hit First Record in 26 Years Led by Energy, Chips
Bloomberg80d agoneutral
Italian Stocks Hit First Record in 26 Years Led by Energy, Chips

(Bloomberg) -- Italy’s benchmark equity index rose past its all-time closing high set in 2000, with a recent rally in energy and chip stocks supercharging it to record levels.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps Remain on Uranium, Sanctions

Ebola spreads across Congo as flights halted, supplies run low
Bloomberg81d agoneutral
Ebola spreads across Congo as flights halted, supplies run low

(Bloomberg) -- Congo suspended flights to the eastern city of Bunia and regional health ministers warned of escalating cross-border risks from Ebola as the outbreak spread across three provinces and overwhelmed contact-tracing efforts.Most Read from BloombergTrump Says He'll Announce Negotiated Deal With Iran ShortlyNvidia CEO Urges Super Micro to Tighten Up on ComplianceIran, US Signal Progress in Peace Talks as Issues UnresolvedTrump to Force Foreigners Seeking Green Cards to Go Home FirstUAE

Ebola Spreads Across Congo as Flights Halted, Supplies Run Low
Bloomberg81d agoneutral
Ebola Spreads Across Congo as Flights Halted, Supplies Run Low

(Bloomberg) -- Congo suspended flights to the eastern city of Bunia and regional health ministers warned of escalating cross-border risks from Ebola as the outbreak spread across three provinces and overwhelmed contact-tracing efforts.Most Read from BloombergTrump Says He’ll Announce Negotiated Deal With Iran ShortlyNvidia CEO Urges Super Micro to Tighten Up on ComplianceIran, US Signal Progress in Peace Talks as Issues UnresolvedTrump to Force Foreigners Seeking Green Cards to Go Home FirstUAE

Ebola Spreads Across Congo as Flights Halted, Supplies Run Low
Bloomberg81d agoneutral
Ebola Spreads Across Congo as Flights Halted, Supplies Run Low

(Bloomberg) -- Congo suspended flights to the eastern city of Bunia and regional health ministers warned of escalating cross-border risks from Ebola as the outbreak spread across three provinces and overwhelmed contact-tracing efforts.Most Read from BloombergTrump Says He’ll Announce Negotiated Deal With Iran ShortlyNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump to Force Foreigners Seeking Green Cards to Go Home FirstIran, US Signal Progress in Peace Talks as Issues UnresolvedUAE

Trump’s 3,711 Trades Point to Multiple Stock-Market Strategies
Bloomberg82d agoneutral
Trump’s 3,711 Trades Point to Multiple Stock-Market Strategies

(Bloomberg) -- President Donald Trump’s latest financial disclosure has drawn scrutiny for its astonishing scale: 3,711 trades, almost entirely in shares of companies across America, including many whose fortunes can turn on federal policy.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentUAE Joins Saudis, Qatar in Urging Trump Not to Restart WarTrump to Force Foreigners Seeking Green Cards to Go Home FirstAttack on UAE Nuclear Plant From Iraq ‘Warning Shot’ by Ira

Google appeals US court ruling on search monopoly
Reuters83d agoneutral
Google appeals US court ruling on search monopoly

Alphabet's Google on Friday appealed a Washington federal judge's ruling ‌that it holds illegal monopolies in online search ‌and related advertising. • Google argued that U.S. ​Judge Amit Mehta made legal errors in his 2024 ruling, which found the company illegally blocked competitors by paying billions of dollars annually to firms including Apple ‌to be the ⁠default search engine on new devices. • The arrangements did not prevent the device ⁠makers and browser developers from promoting rival search services like Microsoft's Bing, Google argued.

AMD asking partners to ramp up production, CEO says
Reuters83d agoneutral
AMD asking partners to ramp up production, CEO says

Advanced ‌Micro Devices ‌CEO Lisa ​Su said on Friday in Taipei ‌that ⁠the company was asking ⁠its partners to ​ramp ​up ​production given ‌strong demand for AI. AMD is a major customer ‌of ​TSMC, ​the ​world's ‌largest contract chipmaker. (Reporting ​by ​Wen-Yee Lee; Writing ​by ‌Ben Blanchard; Editing ​by Jacqueline ​Wong)

Bank of America resets Nvidia stock price target after earnings
TheStreet84d agoneutral
Bank of America resets Nvidia stock price target after earnings

Nvidia (NVDA) started as a video game chipmaker. It invented the term Graphics Processing Unit (GPU). Used the crypto boom to its advantage. And it is now the king of AI, thanks to its CUDA software moat. The stock is down 2.34% at $218.23 at the time of writing, Thursday morning, May 21, according ...

Canadian regulator triples US streamers' financial contributions to Canadian content
Associated Press84d agoneutral
Canadian regulator triples US streamers' financial contributions to Canadian content

Large online streaming services must contribute 15% of their Canadian revenues to Canadian content, the country's federal broadcast regulator said Thursday. The CRTC made the decision as part of its implementation of the Online Streaming Act, which the U.S. has identified as a trade irritant ahead of trade negotiations with Canada. “The total contributions are expected to stabilize the funding at more than $2 billion in support of Canadian and Indigenous content, such as French-language content and news,” the regulator said in a press release.

Amkor working with AMD on advanced packaging after acquiring more land in Arizona
Reuters84d agoneutral
Amkor working with AMD on advanced packaging after acquiring more land in Arizona

Amkor Technology is working with Advanced Micro Devices on packaging AMD's chips, ‌Amkor said on Thursday. Earlier this week, Amkor said it ‌had secured 67 additional acres of land in Arizona next to a 104-acre ​parcel where it is developing a new campus where it plans to start production in 2028. Modern data center chips such as those from AMD and Nvidia consist of multiple chips packaged together, and ‌those packaging steps have ⁠become a key bottleneck in chip production.

SpaceX unveils $1.29B bitcoin stash in high-valuation IPO filing
Yahoo Finance Video84d agoneutralVIDEO
SpaceX unveils $1.29B bitcoin stash in high-valuation IPO filing

Scott Melker discusses SpaceX’s (SPAX.PVT) confirmed June 12 Nasdaq (^IXIC) IPO debut and the company’s disclosure of a substantial bitcoin holding in its filing. “The Daily Wolf with Scott Melker” airs on Yahoo Finance every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Nvidia earnings: They're accelerating into growth, not slowing down
Yahoo Finance Video84d agoneutralVIDEO
Nvidia earnings: They're accelerating into growth, not slowing down

Despite beating first quarter earnings estimates, Nvidia's (NVDA) stock reaction has been largely muted as the AI chipmaker's results evidently failed to wow investors. The company's guidance also beat forecasts while it announced an $80 billion share buyback program. Freedom Capital Markets managing director Paul Meeks joins Yahoo Finance Executive Editor Brian Sozzi's panel to discuss whether he believes Nvidia is showing signs of slowing down in the AI race.

Major takeaways from Magnificent Seven's AI-fueled earnings
Reuters84d agoneutral
Major takeaways from Magnificent Seven's AI-fueled earnings

The latest quarterly earnings from Big Tech companies have given investors ample reason to stay invested in the AI trade, helping lift equities despite the unprecedented disruption in ‌the oil markets that has clouded the economic growth outlook. Nvidia rounded out the results from the so-called ‌Magnificent Seven that includes Alphabet, Apple, Microsoft, Amazon.com, Meta Platforms and Tesla. Revenue ​growth at the Magnificent Seven remains highly uneven, with Nvidia's blistering pace helping maintain its dominant lead.

150 Years of Market History Predicts Trump’s Bull Market Is Almost Over
24/7 Wall St.85d agoneutral
150 Years of Market History Predicts Trump’s Bull Market Is Almost Over

President Donald Trump’s second term has delivered a stock market rally few investors expected would survive the turbulence thrown at it. Tariff battles rattled global trade. The so-called “SaaS-pocalypse” crushed once-highflying software stocks. Treasury yields climbed above 5% more than once. Yet each pullback eventually gave way to another rebound, pushing the S&P 500 to ... 150 Years of Market History Predicts Trump’s Bull Market Is Almost Over

Motor racing-After U.S. deal, Apple's global F1 push may take time
Reuters86d agoneutral
Motor racing-After U.S. deal, Apple's global F1 push may take time

Apple hopes to enter other markets after securing a five-year U.S. streaming deal to show Formula One races on Apple TV. The Liberty Media-owned single seater is ‌a popular live sports championship amongst fans, streaming services and traditional broadcasters. Bernstein, a research and brokerage firm, estimated that F1’s media rights would be a key revenue driver in 2026, reaching between $90 million and $110 million.

Epic Games' 'Fortnite' returns to App Stores worldwide
Reuters86d agoneutral
Epic Games' 'Fortnite' returns to App Stores worldwide

Epic Games said on Tuesday its popular shooter title "Fortnite" has returned to global App ‌Stores, as the videogame maker signaled confidence in ‌a favorable outcome from an ongoing lawsuit against Apple. "Once Apple is forced ​to show its costs, governments around the world will not allow Apple junk fees to stand," Epic said in a statement. Epic, a U.S.-based studio backed by China's Tencent, has ‌been embroiled in a ⁠legal battle with Apple since 2020 and alleged that the company's practice of charging a ⁠commission of up to 30% on in-app payments violated U.S. antitrust rules.

Anthropic to let partners share Mythos cybersecurity findings with others
Reuters87d agoneutral
Anthropic to let partners share Mythos cybersecurity findings with others

Anthropic said on Monday it is revising its earlier position to allow users of its Mythos cybersecurity model ‌to share information about cyber threats with others who may be exposed ‌to similar vulnerabilities. Mythos, announced on April 7, is being deployed as part of Anthropic's "Project Glasswing," a controlled ​initiative under which select organizations, including major tech firms such as Amazon, Microsoft, Nvidia and Apple, are permitted to use the unreleased Claude Mythos Preview model for defensive cybersecurity purposes. Mythos' capabilities to code at a high level have given it a potentially ‌unprecedented ability to identify cybersecurity ⁠vulnerabilities and devise ways to exploit them, according to experts.