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Rakuten satellite project to receive up to $912 million in Japan govt grant
Reuters49d agoneutral
Rakuten satellite project to receive up to $912 million in Japan govt grant

The Japanese government will grant up to ‌148 billion yen ($912 million) to ‌Rakuten Group to help it build a ​satellite communications network, industry group Communications and Information Network Association of Japan said on Tuesday. Rakuten, an e-commerce, financial ‌and telecommunications ⁠conglomerate, is in talks with AST SpaceMobile of the ⁠United States to form a joint venture for the project, a Rakuten ​spokesperson said. •Japan ​currently depends ​on SpaceX's Starlink ‌and other services offered by foreign companies for low-orbit satellite communications, and it aims to nurture home-grown operators to boost its economic security.

Palantir's 2 deals answer a question investors keep asking
TheStreet49d agoneutral
Palantir's 2 deals answer a question investors keep asking

Palantir Technologies Inc. (PLTR) confirmed two separate partnerships on Monday, June 29, one with a private aviation startup and one with Nvidia. Most coverage will treat these as routine corporate news. The pattern underneath them is not routine, however. It points to how Palantir plans to defend ...

June Markets in Focus: Dissecting the Memory Trade + Rotation Out of Tech
NYSE49d agoneutralVIDEO
June Markets in Focus: Dissecting the Memory Trade + Rotation Out of Tech

Phil Rosen goes Inside The ICE House to explain how Micron’s blockbuster earnings are reinforcing the strength of the AI-driven memory trade and broader tech rally. He breaks down why investors remain bullish even as rising chip costs begin to pressure consumer-facing companies and create uneven outcomes across the market. Rosen also frames the recent tech sell-off as a healthy rotation into defensive sectors rather than a broader market breakdown. He discusses Fed Chair Kevin Warsh’s uncertain policy stance, with markets still searching for clarity on rates.

U.S. approach to regulation of AI is problematic, Sixth Street's Chavez says
Reuters49d agoneutral
U.S. approach to regulation of AI is problematic, Sixth Street's Chavez says

The United States' regulation of artificial intelligence is problematic and inconsistent, Martin Chavez, vice chairman at ‌investment firm Sixth Street, told Reuters on Tuesday. Speaking at the Reuters Momentum ‌AI London event, Chavez criticised the current U.S. approach of regulating each new AI model's ​release individually, citing a lack of transparency on how decisions are made and who is making them. The outspoken remarks from a technology and financial industry veteran, who is also a member of the board of Google owner Alphabet ‌Inc, echoed growing concerns ⁠about how the lack of a level playing field in AI regulation could increase risks.

Microsoft Heads for Biggest Monthly Loss Since Dot-Com Burst
The Wall Street Journal49d agoneutral
Microsoft Heads for Biggest Monthly Loss Since Dot-Com Burst

18% That's how much Microsoft shares have fallen this month as investors retreat from Mag 7 stocks. It's put the tech behemoth on track for its worst month since December 2000, when stocks were in the midst of the dot-com bubble burst.

Investing.com49d agoneutral
Wolfe sees higher memory prices adding to U.S. inflation pressures

Investing.com -- Wolfe Research said surging memory chip prices driven by the artificial intelligence buildout have already added meaningfully to core inflation, with further upside likely as costs continue to filter through the consumer electronics supply chain.

Reuters49d agoneutral
Apptronik launches robot training hub, unveils Apollo 2 humanoid robot

Google-backed Apptronik unveiled a new robot training facility on Tuesday, betting ‌that large-scale real-world data collection will accelerate the ‌commercialization of humanoid robots. The Austin-based startup said the facility, developed with ​Google DeepMind, is designed to move robots from pilot projects to production deployments. • The nearly 90,000-square-foot facility, Robot Park, in Austin houses fleets of humanoid robots performing logistics, ‌manufacturing and retail ⁠tasks to generate training data for AI models.

Stocks On Track to Wrap Quarter With Major Gains
The Wall Street Journal49d agoneutral
Stocks On Track to Wrap Quarter With Major Gains

U.S. stocks are set to close out a blockbuster quarter with fresh momentum. Meanwhile, investors are monitoring for updates out of the Middle East, after President Trump said yesterday that the U.S. will meet with Iran today in Qatar.

Bloomberg49d agoneutral
Trump Tariff Defeat Is Market Tailwind ‘No One Is Talking About’

(Bloomberg) -- The sweeping tariffs underpinning President Donald Trump’s economic policy may have gone from a headwind to a tailwind for the stock market, with the Supreme Court’s decision to unwind them setting the stage for a potential earnings boon for some companies.Most Read from BloombergYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanWhatsApp Opens Username Reservations to 3 Billion UsersTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS Stocks Get Tech Boos

One Thing I’m Watching: The Great Tech Divergence
The Wall Street Journal49d agoneutral
One Thing I’m Watching: The Great Tech Divergence

This year's second quarter was a blockbuster period for tech stocks. The PHLX Semiconductor Index—which houses chip stocks like Nvidia and Broadcom—has climbed 81% through yesterday, putting it on track for its best quarter in history. Once darlings of the industry, some of the biggest names in tech have fallen out of favor with investors as they fret about these companies' big AI spending commitments.

Associated Press49d agoneutral
Cypriot natural gas could start flowing from ExxonMobil's discoveries by 2033

Natural gas could start flowing by 2033 out of two undersea deposits discovered by ExxonMobil off Cyprus, a senior executive with the company said Tuesday, helping to turn the east Mediterranean island nation into a new European energy hub. The largest U.S. oil company and its consortium partner, QatarEnergy, consider the most likely option for getting the gas to market would be conveying it through a pipeline to existing processing facilities in Egypt where it can be liquefied for export, ExxonMobil's Vice President of Global Exploration John Ardill said. Other options including building onshore facilities in Cyprus or a floating one in waters over the deposits are considered too costly at this point.