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102-year-old supermarket chain quietly shut down
TheStreet57d agoneutral
102-year-old supermarket chain quietly shut down

Grocery stores used to serve as neighborhood hubs, because before delivery, the internet, and retailers like Target and Walmart moving into the space, brick-and-mortar retailers were the only option. When I was a kid back in the 1980s, my town had a Star Market. That was the only supermarket that ...

GM leans into AI to rewrite rules on vehicle design
TheStreet57d agoneutral
GM leans into AI to rewrite rules on vehicle design

Last month, during the company’s earnings call, GM CEO Mary Barra updated the world on the company’s autonomous driving ambitions. General Motors is working on eyes-off, hands-off self-driving technology that will launch in 2028 on the Cadillac Escalade IQ. Such a breakthrough would put it ahead of ...

The Stock Market Is on a Tear But 3 Things Could Go Wrong
Barrons.com57d agoneutral
The Stock Market Is on a Tear But 3 Things Could Go Wrong

Fed Chair Kevin Warsh struck a hawkish tone during his first press conference leading the central bank last week. The future still looks bright for markets through the rest of this year, but today I’m breaking down the key risks to watch in the second half of 2026, and how investors are digesting Warsh’s not-so-detailed preview of the Fed’s path forward. The factors that could drive markets higher for the rest of 2026 are widely known: Improved earnings estimates thanks to AI-driven demand, a dovish Fed, and a warm stock market welcome for Anthropic and OpenAI when they debut later this year.

Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports
Reuters57d agoneutral
Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports

Qualcomm is in advanced discussions to acquire Modular Inc in a ‌transaction valuing the AI chip company at ‌about $4 billion, Bloomberg News reported on Monday, citing people ​familiar with the matter. A global ⁠supplier of smartphone chips, Qualcomm has been working to reduce its reliance ⁠on the volatile handset market by branching out into fast-growing areas like data center processors and ​autonomous vehicle ​chips. • A deal ‌could be announced in the coming weeks, though talks could still fall through or the details could change, Bloomberg said.

IBM partners with OpenAI on enterprise security AI
Reuters57d agoneutral
IBM partners with OpenAI on enterprise security AI

IBM on Monday said it has partnered with OpenAI to integrate frontier AI ‌capabilities into enterprise security workflows, aiming to counter ‌rapidly evolving cyber threats. Shares of the company rose 3.6% in trading ​after the bell. Here are a few details on the partnership: • IBM joined the OpenAI Daybreak Cyber Partner Program and is collaborating with the startup to integrate protective AI tools ‌directly into business operations, ⁠helping companies identify and minimize their security risks.

BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices
Reuters57d agoneutral
BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices

Gas station operators including BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart and Albertsons were sued ‌on Monday by California drivers who accused them of using ‌artificial intelligence to boost prices at the pump. According to a proposed class action, the ​defendants violated California's main antitrust law, the Cartwright Act, by using an AI-based tool that uses data from competing gas stations to "coordinate high prices and wring more money from the pockets of consumers."

Media Consolidation in Its 'Middle Innings': Tom Ara
Bloomberg57d agoneutralVIDEO
Media Consolidation in Its 'Middle Innings': Tom Ara

Tom Ara, Weil, Gotshal & Manges Entertainment, Sport & Media Head, discusses significant mergers and acquisitions in Hollywood during the first half of 2026. Highlighted deals include Fox's $22 billion investment in Roku and Paramount's $110 billion acquisition of Warner Brothers Discovery. Ara explains that the market has shifted from a cautious stance last year to a more confident environment, leading to increased capital deployment and ongoing consolidation in the entertainment sector. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Bloomberg57d agoneutral
Qualcomm Nears Deal for AI Chip Startup Modular

(Bloomberg) -- Qualcomm Inc. is in advanced talks to acquire Modular Inc. in a transaction valuing the artificial intelligence chip startup at about $4 billion, according to people familiar with the matter.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentSpaceX Falls for Third Da

Oracle workforce shrinks by about 13%
Reuters57d agoneutral
Oracle workforce shrinks by about 13%

Oracle's total workforce declined ‌by about 13%, ‌or 21,000 employees, in ​fiscal 2026, as the cloud computing giant continued restructuring ‌its business, ⁠partly driven by the adoption ⁠of AI across its operations. The company ​had a ​total ​workforce of ‌141,000 as of May this year, compared with about 162,000 in May 2025, ‌according to ​its annual ​report ​released on ‌Monday.

Wall Street analyst predicts major upside for crypto's most subscribed IPO
TheStreet57d agoneutral
Wall Street analyst predicts major upside for crypto's most subscribed IPO

A Wall Street analyst is making a bold call on Circle Internet Group (NYSE: CRCL). Circle is best known as the company behind the world's second-largest stablecoin, USDC, and one of the most heavily oversubscribed crypto initial public offerings of 2025. Circle debuted on the New York Stock ...

Chubb CEO flags threat disrupting global oil supply
TheStreet57d agoneutral
Chubb CEO flags threat disrupting global oil supply

When the CEO of the world's largest publicly traded property and casualty insurer describes a waterway as a "war-zone environment" and says conditions change "from day to day, hour to hour," that is not hyperbole. That is a man whose company has skin in the game every time a vessel transits ...

SpaceX initiates first bond sale while the stock sheds post-IPO gains
Yahoo Finance Video57d agoneutralVIDEO
SpaceX initiates first bond sale while the stock sheds post-IPO gains

SpaceX (SPCX) stock has sunk by as much as 13% in Monday's session — continuing to shave off any post-IPO gains — as the Elon Musk company is already announcing its first bond issuance. Yahoo Finance Senior Transports Reporter Pras Subramanian comes on Market Domination to further discuss these details.

AI startup Reflection signs computing power deal with SpaceX
Reuters57d agoneutral
AI startup Reflection signs computing power deal with SpaceX

Reflection AI said on Monday it has signed a deal with SpaceX that will ‌grant the startup access to additional computing capacity at ‌the Elon Musk-led company's Colossus 2 data center. Under the agreement, the open-source ​AI startup will get immediate access to Nvidia GB300s, AI chips used to train and run advanced models, and has agreed to pay SpaceX $150 million per month beginning July 1, 2026, ‌through 2029, CNBC reported, ⁠citing materials viewed by the publisher. • SpaceX and Reflection did not immediately ⁠respond to Reuters' requests for comment about the agreement.

Intel CEO gives investors a reality check
TheStreet57d agoneutral
Intel CEO gives investors a reality check

AI stock investors have essentially been trained to follow a rule to invest in businesses closest to GPUs, data centers, and hyperscaler spending. Intel (INTC) CEO Lip-Bu Tan just flipped that script on the June 18 episode of No Priors: AI, Machine Learning, Tech, & Startups. Tan believes ...