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SpaceX officially joins the Nasdaq-100 today, and investors holding some funds tied to the index will end up exposed, whether they like it or not. Mutual and exchange-traded funds with $800 billion in assets under management are expected to buy SpaceX shares in order to mirror the index’s performance. SpaceX will be a small component in the Nasdaq-100, for now.

Maryland state agencies asked the Federal Energy Regulatory Commission to end an extra 0.5% return the transmission owners earn for being PJM Interconnection members.

Enhancements to the carrier’s sales workforce and tech are positioning the business for revenue growth in H2.

July 7 (Reuters) - Defence companies from NATO member states gathered in Ankara on Tuesday for an industry forum held alongside the alliance's annual summit, where several defence cooperation and

China-headquartered Luxshare Precision Industry said on Tuesday it had priced its Hong ‌Kong listing at the top end of ‌its marketed range, raising about HK$24.27 billion ($3.09 billion). Here are some of ​the details: • The Shenzhen-listed Apple supplier said the offer price was determined at HK$63.28 per H-share, and would sell 383.5 million shares. Luxshare wrote in its ‌prospectus that the proceeds ⁠would be used to expand manufacturing capacity in automotive and consumer electronics, fund ⁠AI-driven factory upgrades, pursue acquisitions, repay debt and support working capital.

(Bloomberg) -- When Michaels Cos. tapped a new CEO in early 2025, the company’s chairman, 25-year Apollo Global Management Inc. veteran Andrew Jhawar heralded the moment as “an exciting period of opportunity” for the retailer.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash Main Oil Price to Rare Discount as Mar

Big tech reining in its AI spending may be a tantalizing prospect for some. 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 com and Meta Platforms surged 74% year over year to hit $168 billion in the June-ending quarter, according to consensus estimates from Visible Alpha.

July 7 (Reuters) - Futures tied to the tech-heavy Nasdaq dropped on Tuesday on declines in chip stocks over concerns about the sustainability of the AI-driven rally despite strong results from Samsung

The U.K. artificial-intelligence infrastructure startup said the funds would inject flexible liquidity to accelerate its data-center plans across Europe, the U.S. and the Asia Pacific.

Samsung previewed record quarterly results today. Analysts had been expecting around $56 billion in operating profit for the quarter, according to FactSet. Operating profit is set to jump 19-fold compared to a year earlier, from around $3 billion in the second quarter of 2025.

New York Stock Exchange President Lynn Martin told Yahoo Finance that she feels optimistic about the stock market and the economy as momentum builds for companies going public following a long IPO drought.

By Tife Owolabi LAGOS, July 7 (Reuters) - Nigerian President Bola Tinubu has directed the country’s competition regulator to investigate major technology companies over alleged anti-competitive

U.S. tech futures fell in early European trade and global artificial intelligence-related stocks weakened as investors reacted to Samsung Electronics’ earnings.

The president's latest comments on the Federal Open Market Committee (FOMC) threaten to undermine policymakers' credibility.

Chipotle is gearing up to release its fiscal Q2 earnings later this month, while analysts project a modest EPS decline.

Csquare Inc., Brookfield’s data center platform, plans a $1.35B US IPO as AI-driven infrastructure demand drives sector valuations higher.

Magnetic fusion start-up Proxima Fusion has raised €411 million ($469.69 million) from investors ‌including Alphabet's Google and German utility RWE ‌as part of a financing round, the Munich-based start-up ​said on Tuesday. • "Proxima's financing demonstrates that Europe can not only invent breakthrough technologies, but also build globally competitive companies around them," Francesco Sciortino, Proxima ‌Fusion's chief executive, ⁠said in a statement • The round was led by XTX Ventures and East ⁠X Ventures, with RWE and Google as strategic investors, the company said • It added that ​the financing ​round brings Proxima Fusion's ​valuation to €2.4 billion ($2.7 ‌billion) • German utility com...

Investors are looking ahead to Wednesday—when minutes from the Federal Reserve’s latest meeting will be released. They’ll also be watching for today's inclusion of SpaceX in the Nasdaq-100 index and Friday, when SK Hynix’s U.

(Bloomberg) -- SpaceX is winning early backing from Wall Street as global brokerages launch coverage of Elon Musk’s rocket and artificial intelligence company with a clear consensus: buy the stock.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash Main Oil Price to Rare Discount as Market DivesChina Sentences Offi

It all comes down to how you define overhyped.

U.S. chip design giant Synopsys plans to stop offering a suite of manufacturing process control software used by global semiconductor makers, six sources briefed on the matter said, as it seeks to ‌divert resources to higher-margin offerings such as AI design. Synopsys in April and May informed more than 10 chipmakers including Samsung Electronics, ‌SK Hynix, Kioxia Holdings Corp and Qorvo Inc about the "end of life" move that means Synopsys will not provide future new versions and will only carry out maintenance obligations, two of ​the sources said.

AI-driven momentum is keeping bulls in high spirits after the Dow’s record close, though investors are a bit cautious ahead of the Fed minutes and fresh corporate catalysts.

If you own J.P. Morgan Chase stock, the last two weeks delivered everything a shareholder could want. JPMorgan cleared the Federal Reserve's stress test, unveiled a record $50 billion buyback, and lifted its dividend 10%, The Motley Fool reported. None of that changes a stubborn arithmetic ...

Autonomous driving companies like Waymo, Zoox and Tesla promise a future where self-driving vehicles are the norm and traffic accidents and fatalities fall significantly because of it. But while the data on whether autonomous driving is truly safer than human driving is still inconclusive, some ...

Chipmaker Cerebras’ stock has fallen sharply after its mega IPO two months ago.

By Diana Novak Jones July 6 (Reuters) - Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and

South Korea led losses in the region, after heavyweight chip maker Samsung Electronics tumbled despite projecting a 19-fold surge in its second-quarter operating profit.

Syntiant Corp, an artificial intelligence software and semiconductor company, filed for a U.S. initial public offering on Monday, joining a growing list of AI companies seeking to tap public markets amid strong investor demand for the sector. Building AI Chips for Everyday Devices Founded in 2017 by semiconductor industry veterans, including CEO Kurt Busch, Syntiant develops low-power AI processors and software that enable devices to perform tasks locally rather than relying on cloud data center

(Bloomberg) -- Chinese companies are ditching Nvidia Corp.’s advanced accelerators in favor of domestic silicon, underscoring how tensions with the US are reshaping the AI infrastructure buildout and propelling Beijing’s ambitions to substitute American technology.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash

Amazon delivered a blowout first quarter in April, with net income nearly doubling and earnings per share crushing Wall Street forecasts by a wide margin, The Motley Fool reported. A closer look at the results reveals an unusual driver behind much of that outperformance, one that has nothing to do ...