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Micron ties its future to Anthropic in supply deal
TheStreet57d agoneutral
Micron ties its future to Anthropic in supply deal

Micron Technology (MU), the largest U.S, memory chipmaker, announced a strategic agreement with Anthropic on Monday that bundles three things together: a technical collaboration on AI memory design, a new multiyear supply contract, and a stake Micron already holds in Anthropic's funding round. The ...

NatPower, Tesla reach deal on first phase of $5 billion battery storage plan
Reuters57d agoneutral
NatPower, Tesla reach deal on first phase of $5 billion battery storage plan

LONDON, June 23 (Reuters) - Independent energy firm NatPower and ‌Tesla said on Tuesday they had reached ‌a deal to build 25 gigawatt hours of battery storage ​in Italy and Britain, the first phase of a project worth up to $5 billion. Countries across Europe are ramping up battery storage projects to help ‌balance the rollout ⁠of intermittent renewable power capacity.

Bloomberg57d agoneutral
SpaceX Rout Set to Push Market Value Below $2 Trillion

(Bloomberg) -- SpaceX shares extended declines in premarket trading, a day after the company saw the second-largest single-session drop in market value on record. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $900 Million in Cred, Taps Founder to Head Wh

Bloomberg57d agoneutral
Chinese Stocks in Hong Kong Extend Slump to Enter Bear Market

(Bloomberg) -- Chinese equities in Hong Kong entered a bear market as sentiment soured on tepid consumer spending and fading confidence in e-commerce firms. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $900 Million in Cred, Taps Founder to Head WhatsApp

Earnings Updates, PCE Inflation Data: What to Watch This Week
The Wall Street Journal57d agoneutral
Earnings Updates, PCE Inflation Data: What to Watch This Week

Investors are looking forward to another week of chip stock reveals. Qualcomm is expected to give more details about its business at its investor conference. Micron, the latest trillion-dollar semiconductor company, reports earnings, as do FedEx, Cerebras and Carnival.

Bloomberg57d agoneutral
China Pursues Austerity With First Fiscal Gap Cutback Since 2023

(Bloomberg) -- China narrowed its cumulative fiscal deficit for the first time in more than two years, pressing ahead with austerity despite muted domestic demand and slowing economic growth.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $900 Million in C

Bloomberg57d agoneutral
Gold Falls as Inflation Risks Outweigh Progress in US-Iran Talks

(Bloomberg) -- Gold declined as inflationary concerns overshadowed early optimism around negotiations to resolve the Iran war.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapIran Says Hormuz Closed Again as Talks With US Set to OpenMeta Invests $900 Million in Cred, Taps Founder to Head WhatsAppBullion fell as much as 1.8% to near

Tesla headed for its biggest fight in Europe yet
TheStreet57d agoneutral
Tesla headed for its biggest fight in Europe yet

Tesla's recovery in Europe has been remarkable. Europe, the world's second-largest EV market behind China, seemed done with the company in 2025. Tesla (TSLA) lost market share in European countries where it had previously been popular as the influx of cheaper Chinese models and CEO Elon Musk's ...

Bloomberg57d agoneutral
Tencent Is Said to Mull Exits From Game Studios Like Marvelous

(Bloomberg) -- Tencent Holdings Ltd. is negotiating exits from several game studio investments in Japan, including Tokyo-traded Marvelous Inc., as part of a reassessment of the company’s global portfolio, people with knowledge of the matter said.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US

Bloomberg57d agoneutral
Sony Plans First Dollar-Bond Sale in Nearly Three Decades

(Bloomberg) -- Sony Group Corp. was still marketing the original PlayStation when it last tapped the US investment-grade bond market. Almost three decades later, it’s readying a comeback. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $900 Million in Cred

Navellier explains why Micron is better than SpaceX
TheStreet57d agoneutral
Navellier explains why Micron is better than SpaceX

Micron Technology’s (MU) earnings announcement on June 24 is expected to be the grand finale to a stunning earnings announcement season. For the most recently reported quarter for the three months ended February 26, Micron increased earnings per share by 756% following 984% growth last ...

Walmart and Target gain ground before Prime Day battle
TheStreet57d agoneutral
Walmart and Target gain ground before Prime Day battle

Amazon Prime Day evolved out of the company's desire to grow Prime memberships and create a shopping holiday during the slower summer season. The company frames the event, which launched in 2015, as a gift to loyal customers. "Prime Day is about celebrating our members by providing them with ...

Sprouts takes on rival Whole Foods with this key move
TheStreet57d agoneutral
Sprouts takes on rival Whole Foods with this key move

With more Americans seeking out organic food and fresh produce, natural grocery chains like Sprouts Farmers Market stand to benefit. But there’s a lot of competition in the fresh produce lane. It's not just grocery chains such as Trader Joe’s and Whole Foods battling for market share; Sprouts also ...

Bloomberg57d agoneutral
‘A Lot of Leeway’: SpaceX’s High-Grade Debt Brings Out Skeptics

(Bloomberg) -- When Moody’s Ratings first evaluated Nvidia Corp. almost a decade ago, it settled on a Baa1 investment-grade rating, taking comfort in its relatively light debt load and more than $1 billion of free cash flow after 16 years as a public company.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueIran Says Hormuz Closed Again as Talks With US Set to OpenStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapUS and Iran Make ‘Progress’ in T