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.
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LONDON, June 30 (Reuters) - Britain said on Tuesday it could intervene in Paramount Skydance Corp's proposed takeover of Warner Bros Discovery, potentially holding up the $110 billion deal after the U. and China gave it the green light.
The Shenzhen-listed iPhone and AirPods assembler is offering 383.5 million shares at a maximum price of HK$63.28 each
June 30 (Reuters) - Wall Street's main indexes opened flat on Tuesday, the final trading day of a quarter that saw equities post the biggest gains in years.
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 ...
Uber stock could face more robotaxi fears after news that it is no longer partnering with Waymo in Phoenix, an analyst said.
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.
YouTube TV and DirecTV Stream subscribers from April 2019 through March 2026 can file claims by Sept. 8
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.
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.
Big "vertical," synergistic-seeking media mergers are officially no longer a thing now that Comcast has decided to break apart the company. Again.
Companies establish venture to produce electric aircraftJoby Aviation, Inc. (NYSE:JOBY) shares rose 7% on Tuesday after the company announced a manufacturing joint venture with Toyota Motor Corporation to build Joby’s S4 Series electric vertical take-off and landing (eVTOL) aircraft.
QXO (QXO) said Tuesday that stockholder elections have been completed for the merger consideration i
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.
Amphenol is forecast to unveil its second-quarter results in July, with analysts predicting a double-digit earnings growth.
Investors are awaiting NextEra Energy's fiscal second-quarter earnings, with analysts projecting modest, low-single-digit earnings growth.
Moody's will release its second-quarter results shortly, and analysts forecast a double-digit increase in earnings.
Most TopBuild shareholders opt for cash componentQXO, Inc. (NYSE:QXO) shares climbed 8% on Tuesday after the company announced the preliminary election results for shareholders of TopBuild Corp.
Investing.com -- The "Magnificent 7" group of technology companies lost approximately $2.3 trillion in market value this month as investors increased scrutiny of large infrastructure spending by these firms.
Hilton Worldwide is gearing up to report its fiscal second-quarter results this month, and analysts call for single-digit growth in its profitability.
ServiceNow is scheduled to announce its second-quarter results soon, with analysts anticipating a single-digit earnings decline.
D-Wave is selected to receive $1.6 million from the National Science Foundation. It’s the company’s latest federal funding injection.
Costco's executive membership growth fuels richer fee income, stronger sales mix and a new China expansion opportunity.
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.
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.
(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
Otis Worldwide will release its second-quarter earnings soon, and analysts anticipate a single-digit profit dip.
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.
The acquisition of CEI adds a free cash flow-positive business to Oklo and strengthens its in-house technical capabilities that support Aurora powerhouse commercialization.
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.