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(Bloomberg) -- SoftBank Group Corp. and its telecom unit will start renting AI computing resources to US companies next fiscal year in a bid to capitalize on the company’s growing pipeline of data center projects.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerExxon to Change Name for First Time in Decades After RedomicileKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksSpaceX IP

Boston Scientific is gearing up for earnings day, weighing a rocky stock run against Wall Street's stubbornly optimistic outlook.

Last month, President Donald Trump said he was weighing options to give Americans an ownership stake in leading AI firms.

Warsh hasn't been Fed chair long, but he's already shaking things up.

Super Micro said on Wednesday that two workers at its Taiwan unit had been detained pending a court hearing and two others released on bail after being ‌questioned by Taiwanese prosecutors investigating the alleged illegal export of advanced AI servers containing Nvidia chips. The servers ‌are made by Super Micro and contain Nvidia chips, which are subject to U.S. export controls prohibiting export to China. The four workers were among ​six people questioned earlier this week when Taiwan's Keelung District Prosecutors' Office said it had launched a second round of searches in the probe.

By Stella Qiu SYDNEY, July 2 (Reuters) - Asian shares extended declines on Thursday as investors rotated out of chipmakers after a stellar quarter, while currency and bond markets braced for U.S. jobs

Experimental drug, divarasib, showed meaningful improvements in both patients’ overall survival and the time they survived without the disease worsening.

Experimental drug, divarasib, showed meaningful improvements in both patients’ overall survival and the time they survived without the disease worsening.

Broadcom's (AVGO) stock took a downward turn in June. Shares fell more than 16% during the month, the worst stretch since March 2025. AVGO closed at $377.75 on July 1, nearly 18% off its highs from a month earlier. Now, a fresh securities filing shows one of the company's top executives, Mark ...

Wall Street was mixed in light trading early Thursday as chip stocks fell further and oil prices dipped near their levels before the Iran war began. Futures for the S&P 500 were unchanged before the opening bell, while Dow Jones Industrial futures inched up 0.2%. Nasdaq futures were off 0.4%.

A look at the day ahead in European and global markets from Stella Qiu Global shares are pulling back after a bumper quarter.

The footwear giant surprised investors with a 5% pop on Wednesday.

Chinese export controls, dependence on the U.S. for technology and the structural weakness of Europe's domestic ‌chip industry mean it faces a "bleak future," an EU-funded report found ‌on Thursday. The independent report by the European Union's Institute for Security Studies and French think-tank ​Institut Montaigne concluded that Chinese export controls on critical minerals and magnets or the risk of a war in the Taiwan Strait were major threats to supply. Further vulnerability stems from the EU's dependence on the U.S. for technology, including ‌design software and the possibility ⁠the U.S. could block exports to China by chip-making equipment supplier ASML, Europe's most valuable company.

Apple (AAPL) is in the middle of its largest supply-chain shake-up in years, a strategy that could be solving one problem while creating another. The corporation is working for years to shift more iPhone production to India to minimize its reliance on China. For investors, the approach was easy to ...

Millions of Medicare beneficiaries will gain access to obesity drugs for the first time starting Wednesday under CMS’ temporary Bridge program, a federal initiative designed to expand GLP-1 obesity drug coverage for eligible seniors at a $50 monthly copay. The...

CPI FIM has delivered a strong 93.6% return over the past five years, yet the current valuation checks lean cautious, with the stock recently down over shorter time frames and scoring poorly on several metrics. Around 93.6% total return over five years suggests CPI FIM has rewarded patient shareholders, even though the share price has been weak more recently. The long term story for the stock may hinge on whether CPI FIM can keep translating its assets into consistent cash flow. At the same...

SK Hynix said on Thursday it planned to invest 100 trillion won ($64.38 billion) to build ‌new NAND memory chip and packaging factories as part of a massive ‌investment programme aimed at addressing a shortage driven by the AI boom. The projects in the country's ​central city of Cheongju outlined on Thursday come under a $2.1 trillion plan unveiled by the chipmaker and its local rival Samsung Electronics on Monday that also included a new chip cluster in the southwest and existing projects. South Korea is hoping the investments will ‌double the country's memory chip ⁠production capacity within five years.

Leading cryptocurrencies ticked higher on Wednesday, while stocks retreated, as Federal Reserve Chair Kevin Warsh called inflation “too high.” Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:20 p.m. EDT)Bitcoin (CRYPTO: BTC)+2.91%$59,898.38Ethereum (CRYPTO: ETH) +2.86%$1,609.75XRP (CRYPTO: XRP) +2.12%$1.05Solana (CRYPTO: SOL) +6.46%$71.61Dogecoin (CRYPTO: DOGE) +1.75%$0.07221 Crypto Market Lifts Bitcoin broke past $61,000 in the evening, only to get rejected and drop back to $59,000. With tr

U.S. private employers added 98,000 jobs in June, according to ADP, as investors await Thursday’s payrolls report for clues on the labor market and interest rates.

The AI boom created a ton of winners on Wall Street. However, it also created an incredibly unforgettable story for workers. Tech behemoth Microsoft (MSFT) is reportedly preparing a fresh round of layoffs, according to Business Insider, in a move that could be announced as early as next ...

(Bloomberg) -- Mirae Asset Securities Co. said it carried out all its work related to SpaceX’s initial public offering in coordination with the lead underwriters on the deal, disputing a Bloomberg News report published June 30.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerExxon to Change Name for First Time in Decades After RedomicileKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling

Palantir invented the forward-deployed engineer model more than a decade ago. The firm's engineers became known for living inside government agencies and Fortune 500 companies for months at a time, not to train employees on software, but to build systems alongside them from the inside. On June 30, ...

The packaged goods giant is slashing costs as it battles inflation.

(Bloomberg) -- The SEC is looking into Susquehanna International Group’s allegations that unknown insider traders made $100 million on options bets ahead of a recent Chinese regulatory crackdown on cross-border brokerages, according to a person familiar with the matter.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsExxon to Change Name for First Time in Decades After RedomicileUS Decides A

Kraft Heinz (KHC) walked away from a planned corporate breakup in February and redirected that energy into a $600 million investment in its own brands. That decision rests on one specific assumption: that the worst of commodity inflation was already behind the company. Data published this week by ...

Robinhood Markets (NASDAQ: HOOD) says it has landed a new Guinness World Record. On July 1, the company posted on X that it set the record for the most items purchased by an artificial intelligence agent in three minutes. The announcement was made amid their ongoing "Robinhood Presents: The ...

The U.S. Treasury has selected two low-cost BlackRock iShares exchange-traded funds as foundational investment options for the upcoming federal "Trump Accounts" initiative to build childhood wealth.

For most of the post-2008 era, Oppenheimer’s Chris Kotowski was the guy telling you to keep buying the big banks. He waved off the 2011 eurozone panic, the 2016 energy blowup, COVID, and the 2022 rate hikes. On June 30, 2026, he flipped. Kotowski cut Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America, and ... The Analyst Who Loved Bank Stocks for 15 Years Just Flipped. Here’s What He’s Buying Instead

The SpaceX founder and CEO won't be selling his shares any time soon.

<body><p>STORY: U.S. stocks finished flat to slightly lower on Wednesday, with the Dow little changed, the S&P 500 down more than two-tenths of a percent and the Nasdaq sliding two-thirds of a percent.</p><p>Speaking at a European Central Bank panel in Portugal, U.S. Federal Reserve Chair Kevin Warsh said he will stick firmly to the central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy despite President Donald Trump's call for interest rate cuts.</p><p>But Brad Bernstein, managing director at UBS Private Wealth Management, doesn't think the Fed will hike rates this year either.</p><p>"One of the three reasons we think markets will be higher at the end of the year is because the Fed is not going to raise interest rates this year. // We think more likely they'll resume Fed cuts in the spring of next year. And today, Fed Chair Walsh said in Portugal that he has seen in the last four weeks expectations, inflation expectations continuing to get better because of the drop most likely he - didn't cite this - but most likely because oil has gone from 90 [dollars a barrel] to 70 and now under 70 today."</p><p>Among Wednesday's stock moves, technology shares fell, with the Philadelphia Semiconductor Index down more than 6%.</p><p>One tech outlier was Meta Platforms after Bloomberg News reported that it is building a cloud business to sell excess AI computing capacity.</p><p>Among the day's decliners, shares of Alcoa fell about 9% after Australia's South32 agreed to sell most of its aluminum assets to Alcoa.</p><p>The key monthly U.S. jobs report is due out on Thursday, while the market will be closed Friday ahead of the Fourth of July holiday.</p></body>