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By Amanda Stephenson CALGARY, July 8 (Reuters) - Big Tech has joined the party at the Calgary Stampede, a sign of growing interest in Canada from U.S.-based hyperscalers as the province of Alberta
By Amanda Stephenson CALGARY, July 8 (Reuters) - Big Tech has joined the party at the Calgary Stampede, a sign of growing interest in Canada from U.S.-based hyperscalers as the province of Alberta
U.S. futures and European equities extended losses in late morning European trading, as market fear further conflict in the Middle East.
Xcel Energy is set to report Q2 earnings soon, with analysts expecting single-digit EPS growth.
The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could soon be able to crack the cryptography that protects transactions and digital wallets. Quantum computers can solve complex mathematical problems much faster than today's sophisticated computers, and could be used to unscramble conventional methods for encrypting digital information. While the technology remains largely experimental, crypto industry concerns have grown since March research from Alphabet's Google, one of several tech giants pioneering the technology, suggested quantum computers may be able to break that cryptography sooner than previously expected, according to executives and analysts.
Apple plans to spend more than $30 billion as part of a chip-supply agreement reached earlier this week with Broadcom that will also see the chipmaker expand a factory in Colorado, the companies said on Wednesday. Broadcom disclosed on Monday it had secured a long-term supply deal through 2031 with the iPhone maker. On Wednesday, Apple said the deal will involve a radiofrequency chip called FBAR filters that will help Apple devices communicate wirelessly and which Apple has been working with Broadcom to develop since at least 2023.
Apple is ramping up its investment in U.S.-made chips, with plans to spend more than $30 billion with Broadcom in the next five years. The investment is the largest Apple has specified as part of its pledge to invest $600 billion in the U.S. over four years, a pledge that helped the company secure an exemption from proposed Trump administration tariffs. Apple said the investment will enable Broadcom to expand a manufacturing facility in Fort Collins, Colo.
Memory stocks are in a bear market, but the Magnificent Seven are back on the offense — leading the market higher once again.
PARIS, July 8 (Reuters) - France's competition authority on Wednesday ordered Meta Platforms to resume talks with French media groups over payments for publishing content, after the publishers
A merger between Space Exploration Technologies Corp. (NASDAQ:SPCX) and Tesla Inc. (NASDAQ:TSLA) is possible, but significant hurdles stand in the way, say analysts. RBC’s Tom Narayan said an all-stock acquisition is the most likely structure, citing operational synergies in AI training, Tesla’s Megapack energy-storage systems, and the Terafab chip project. He estimated Tesla could “potentially” receive a 20%–30% takeover premium and raised his Tesla price target to $500 from $475, considering t
The Elon Musk-founded space exploration company has upped its AI ante.
Skycatch technology enables the collection and processing of high-frequency, high-precision spatial data at a large scale.
July 8 (Reuters) - U.S. stock index futures slid sharply on Wednesday, with Nasdaq futures touching a four-week low after President Donald Trump said a memorandum of understanding aimed at ending the
Trane Technologies is due to announce its fiscal second-quarter results soon, with consensus estimates calling for low double-digit earnings growth.
The partnership is part of a larger golf strategy by the brand, which became an official sponsor of PGA Tour through a multiyear deal announced in January.
Insurers want to do the same next year. “It is a stunning jump” when you add both years together, said Cynthia Cox, senior vice president at KFF, a health-research nonprofit. At the request of The Wall Street Journal, KFF analyzed the rate requests for the largest ACA plans by enrollment in 15 states where insurers’ 2027 filings have already become public, as well as the District of Columbia.
(Bloomberg) -- After losing roughly $1 trillion in market value in less than two months, Nvidia Corp.’s stock is the cheapest it’s been since before the AI boom kicked off and sent the shares into the stratosphere.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapUS Strikes Iran and Blocks Oil Sales in New Test of TruceTwo Millennium Trading Pods Made About $3.7 Billion Last MonthChina Sentences
Analysts expect tariff refunds and lower fuel costs to offset the discounts, leaving Walmart's profit guidance intact.
The inflation devil is in the details.
SpaceX recently completed the largest IPO in history.
China said several versions of Anthropic’s popular Claude Code “can send sensitive information such as user location and identity to remote servers without the user’s consent due to a built-in monitoring mechanism.”
SK Hynix has long been a publicly traded company in its home market of South Korea. On Friday, it will make its U.S. market debut on the Nasdaq.
Europe's second-highest court on Wednesday dismissed Apple's challenge against landmark EU rules labelling its app stores and operating system iOS as gatekeepers subject to strict obligations. "The General Court dismisses Apple's actions regarding its designation as a gatekeeper in relation to the App Store and iOS," the Luxembourg-based tribunal said. It also said that Apple's actions regarding the iMessage service are inadmissible.
Second-quarter reports coming later this month will likely show another period of blowout AI investments. Wall Street analysts estimate that combined capital spending by Google, Microsoft, Amazon and Meta Platforms surged 74% year over year to hit $168 billion in the June-ending quarter, according to consensus estimates from Visible Alpha.
Minutes from the Federal Reserve’s latest meeting will be released today. Investors will also be watching on Friday for the expected start of trading for SK Hynix’s U.S.-listed shares. The South Korean chip maker is the latest global company to surpass $1 trillion in market value.
(Bloomberg) -- Chip startup SambaNova Systems Inc. has raised $1 billion at an $11 billion valuation, underscoring investors’ conviction in rising demand for infrastructure tied to artificial intelligence.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthUS Strikes Iran and Blocks Oil Sales, in New Test of TruceChina Sentences Officia
The South Korean memory chip giant’s planned Nasdaq listing is already attracting strong institutional interest, fueling bullish sentiment around one of the largest equity offerings tied to the artificial intelligence boom. SK Hynix Launches $28 Billion US Share Sale South Korean chipmaker SK Hynix on Monday launched a U.S. share sale aimed at raising about 43 trillion won ($28.07 billion) through the issuance of American depositary receipts (ADRs) listed on the Nasdaq. The company said major in
Kura Sushi USA Inc (KRUS) reports improved profit margins and strategic expansions despite facing traffic declines and increased costs.
Penguin Solutions Inc (PENG) reports a 48% increase in net sales and raises its full-year outlook, driven by strong AI demand and strategic partnerships.
Shares of the Chinese autonomous driving company rose 2.8% from its IPO price amid caution about the profitability of the self-driving auto industry.
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