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Bloomberg6d agoneutral
Copper Market Crunch Brews as US and China Compete for Metal

(Bloomberg) -- The copper market is tightening fast, with a surge in shipments to the US and rising orders in China setting the stage for a rally that could take global benchmark prices to all-time highs. Most Read from BloombergOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300Iran Wants to Bar US, Israeli Ships From Hormuz in Peace AccordIran Says Agreement on Hormuz Shipping Reached With OmanTrump Administration Considers Order on Autism and VaccinesIshbia’s Mortgage Firm Suffer

Rail merger a failure on first sight, shippers protest
FreightWaves6d agoneutral
Rail merger a failure on first sight, shippers protest

The merger filing of Union Pacific and Norfolk Southern still lacks information for proper federal review, say shippers’ trade groups. The post Rail merger a failure on first sight, shippers protest appeared first on FreightWaves.

Morning Bid: Dealjà vu
Reuters6d agoneutral
Morning Bid: Dealjà vu

By Anna Szymanski August 7 (Reuters) - Your weekly market recap, with reading, watching and listening recommendations from the ROI team From the Editor Tech earnings hogged the spotlight this week, as

The Week in Numbers: BP's huge profit, Toyota moves fast
Reuters Videos6d agoneutralVIDEO
The Week in Numbers: BP's huge profit, Toyota moves fast

<body><p>STORY: From BP making huge profits to Toyota's raised forecast... This is the Week in Numbers.&nbsp;</p><p>:: Week in Numbers&nbsp;</p><p>:: $5.73 billion</p><p>$5.73 billion was how high BP's second-quarter profit reached.</p><p>The British energy major cited higher energy prices, trading and refining margins.</p><p>Oil giants have scored big this year from market volatility caused by the U.S.-Iran war.</p><p>BP rival Shell also reported a doubling of second-quarter profit a week before.</p><p>:: 12%</p><p>About 12% was how much SpaceX shares dropped by after its first-ever earnings call as a public company.</p><p>Investors were worried about heavy AI spending on data centers and Nvidia chips.</p><p>Quarterly capital spending on AI reached $15.8 billion.</p><p>Elon Musk's rocket company said the economics of the investments were improving, but suggested AI investments would stay elevated.</p><p>:: $497 million</p><p>$497 million was the sales figure for Novo Nordisk's Wegovy pill.</p><p>That disappointed investors as it just missed expectations.</p><p>Shares dropped despite the Danish drugmaker raising its full-year profit and sales outlook.</p><p>Novo is battling to regain ground from U.S. rival Eli Lilly in the obesity drug market.</p><p>:: 10%</p><p>More than 10% is how far Lufthansa shares fell during the week.</p><p>Investors sold off after the German airline cut its profit outlook.</p><p>It further warned earnings could fall this year after the Iran war drove up fuel costs.</p><p>The warning showed the pressure European airlines face due to higher jet fuel costs.</p><p>:: $6.3 billion</p><p>$6.3 billion was the size of the share buyback announced by Toyota.</p><p>The world's biggest automaker also raised its annual operating profit forecast by 13%.</p><p>But Toyota also reported a 9% slide in first-quarter profit - its fifth straight quarter of declines.</p><p>It was hit by falling sales in China while the Iran war also raised costs for raw materials and parts.</p></body>

Electric Vehicles Today - LiDAR Market Growth Driven By Automated Driving Systems
Simply Wall St.6d agoneutral
Electric Vehicles Today - LiDAR Market Growth Driven By Automated Driving Systems

The global automotive LiDAR market is projected to experience significant growth, reaching $11.26 billion by 2033, driven by the adoption of advanced Level 2+ and Level 3 automated driving systems in electric vehicles. This growth is supported by the push towards integrating solid-state LiDAR and semiconductor technologies to enhance intelligent vehicle production. The Asia-Pacific region leads in LiDAR adoption, aided by strong intelligent vehicle production and a concentrated supplier...

Bloomberg6d agoneutral
Big Tech Stocks Storm Back as AI Fears Fade and Euphoria Resumes

(Bloomberg) -- After spending much of the year in the stock market doghouse over fears about their profligate spending on artificial intelligence, the world’s biggest technology companies are suddenly leading the way once again. Most Read from BloombergOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300Iran Wants to Bar US, Israeli Ships From Hormuz in Peace AccordIran Says Agreement on Hormuz Shipping Reached With OmanTrump Administration Considers Order on Autism and VaccinesIshbi

Forkast News6d agoneutral
SpaceX and Tesla Are Building Their Own $119 Billion Chip Factory — and the Compute Landlord Thesis Just Got Its Most Expensive Chapter

On August 5-6, 2026, the joint venture between SpaceX, Tesla, and Intel was formalized in Grimes County, Texas, following the signing of a JETI tax abatement agreement and a $10 million non-refundable payment. The project, centered at the former Gibbons Creek coal-fired power plant site, marks a definitive step toward the construction of what Elon […]

Stock Index Futures Gain With All Eyes on Key U.S. Jobs Report
Barchart6d agoneutral
Stock Index Futures Gain With All Eyes on Key U.S. Jobs Report

September S&P 500 E-Mini futures (ESU26) are up +0.25%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.55% this morning, rebounding from yesterday’s losses, while investors await the key U.S. jobs report for fresh clues on the Federal Reserve’s policy path.

T-Mobile CEO Says Starlink’s Competitive Threat to Mobile Networks Is Overstated
InvestorsHub6d agoneutral
T-Mobile CEO Says Starlink’s Competitive Threat to Mobile Networks Is Overstated

The competitive risk posed by satellite providers such as Starlink has been overstated, according to T-Mobile (NASDAQ:TMUS) Chief Executive Srini Gopalan, who argued that traditional mobile operators remain well positioned to meet consumers’ connectivity needs. Speaking in an interview with the Financial Times, Gopalan questioned the role satellite-based mobile services are expected to play and suggested that telecom companies should remain focused on offering products that clearly address custo

CBP has paid $100B in IEEPA tariff refunds
Supply Chain Dive6d agoneutral
CBP has paid $100B in IEEPA tariff refunds

Despite reaching the milestone, the agency has still yet to launch a capability to process finally liquidated entries as a Department of Justice appeal lingers.

Nokia Oyj (NOK) Launches AI RAN Platform, Is The Valuation Already Too Rich?
Simply Wall St.6d agoneutral
Nokia Oyj (NOK) Launches AI RAN Platform, Is The Valuation Already Too Rich?

Nokia Oyj (NYSE:NOK) is back in focus after launching what it calls the first commercial AI-RAN platform for mobile networks, alongside new AI-powered network collaborations with Nvidia and Dell aimed at future 6G connectivity. See our latest analysis for Nokia Oyj. Despite the AI-RAN announcement and new partnerships, Nokia Oyj’s share price has been volatile, with a 7 day share price return of 3.74% but a 30 day decline of 20.42%, while the 1 year total shareholder return of 132.55% and 3...

Why Is Rackspace Technology (RXT) Hiring A New AI Infrastructure Leader?
Simply Wall St.6d agoneutral
Why Is Rackspace Technology (RXT) Hiring A New AI Infrastructure Leader?

Rackspace Technology (NasdaqGS:RXT) appoints Pranav Nambiar as Senior Vice President and General Manager to lead its AI Infrastructure business. Nambiar brings experience from roles at AWS, DigitalOcean, Google, and Microsoft focused on cloud and AI platforms. The hire signals Rackspace Technology's push into sovereign and compliant AI offerings for enterprise clients. The move comes as demand grows for governed AI environments that meet regulatory and data residency requirements. For...