News

Uber and Israel-based Autobrains said on Monday ‌they plan to launch ‌a robotaxi programme in Munich in collaboration with ​U.S. chipmaker Nvidia, marking a push to scale autonomous ride-hailing in Europe. The companies said they aim to ‌combine Uber's ⁠mobility network with Autobrains' "agentic AI" driving system, running on ⁠Nvidia's Drive Hyperion platform, with Munich set to serve as the ​first deployment ​city, pending ​regulatory approval. They said ‌the programme is designed to move robotaxi services beyond isolated pilots by creating an "OEM-agnostic" model that can operate across multiple vehicle platforms and ‌urban markets.

Analysts expect Dollar General to post a first-quarter revenue of $10.8 billion and earnings of $1.89 per share, according to Fiscal AI data.

McDonald said a $2 trillion valuation for SpaceX leaves little room for Tesla-like returns.

The SpaceX initial public offering is exciting, but Tesla investors shouldn't welcome the idea of a future merger between the two companies.

(Bloomberg) -- Local investors are driving the premium on Taiwan Semiconductor Manufacturing Co.’s US-listed shares to a two-year low as they pile into the chipmaker’s stock in Taipei on bets the AI boom has further to run.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStrait of Hormuz Ship Transits Are Rising Thanks to US HelpA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectAmeric

From Europe to Japan and Switzerland, huge bond issues by Big Tech companies are proving that smaller markets, often overshadowed by the U.S., can punch above their weight in the $40 trillion world of corporate debt. Google-parent Alphabet is already one of the biggest ‌outstanding borrowers in the sterling and Swiss franc corporate bond markets, while Amazon raised 14.5 billion euros ($16.88 billion) in March from an eight-part deal, the ‌largest ever in the euro corporate bond market, according to LSEG. Debt issues by so-called "hyperscalers" - or Big Tech companies - outside the United States are part of a push to diversify their funding early on, bankers said, as ​they look to finance trillions of dollars of investment in AI infrastructure, especially data centers, in the years ahead.

(Bloomberg) -- Nvidia Corp. said Anthropic PBC, OpenAI and SpaceX are among the first big users of its upcoming microprocessor, securing key customers for its latest attempt to expand an already extensive footprint in AI data centers.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionAmericans Injured in Iranian Missile Strike on Kuwaiti Air Base

The chips giant will work with manufacturers including Dell, Lenovo and HP to make the laptops, designed to support agentic computing.

Oil prices are rising Monday following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn’t very worried, and U.S. stocks are hanging near their records. The S&P 500 was virtually unchanged from its all-time high set on Friday. United Airlines lost 2.9%, and cruise-operator Carnival fell 2.7% after the price for a barrel of Brent crude oil climbed 6.7% to $97.22.

(Bloomberg) -- Nvidia Corp. is entering the PC market with a new chip aimed at loosening the stranglehold of Intel Corp. technology in that arena and modernizing the machines for the AI era.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectAmericans Injured in Iranian Missile St

(Bloomberg) -- Nvidia Corp. is entering the PC market with a new chip aimed at loosening the stranglehold of Intel Corp. technology in that arena and modernizing the machines for the AI era.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixe

(Bloomberg) -- Nvidia Corp. is entering the PC market with a new chip aimed at loosening the stranglehold of Intel Corp. technology in that arena and modernizing the machines for the AI era.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixe

New Federal Reserve Chair Kevin Warsh's plans for the Fed's balance sheet could quietly push borrowing costs higher.

Discount retailer Dollar General (NYSE:DG) will be reporting earnings this Tuesday morning. Here’s what investors should know.

Cybersecurity platform provider Palo Alto Networks (NASDAQ:PANW) will be reporting results this Tuesday after market close. Here’s what to expect.

(Bloomberg) -- The Australian dollar may have further scope to fall against the kiwi as traders unwind bearish positions in New Zealand’s currency following a hawkish shift from the nation’s central bank, analysts said.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarBerkshire Hat

DevSecOps platform provider GitLab (NASDAQ:GTLB) will be reporting earnings this Tuesday after the bell. Here’s what investors should know.

(Bloomberg) -- The insider trading trial of hedge fund Segantii Capital Management enters a critical moment this week, as the prosecution wraps up its side of the case following testimony from an official at Hong Kong’s securities regulator. Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixed Sign

A substantial portion of the disclosed stake by RichRich Capital is in call options, making it a largely options-backed bet on SPCE.

BEIJING, June 1 (Reuters) - China issued sweeping new rules on Monday, widening regulators' powers to scrutinise overseas deals involving Chinese investors, technology, data and national security, a

There's a difference between owning the market and owning the companies inside it, and most savers never notice the gap until it costs them money. For more than a year, the gap hasn't mattered. The S&P 500 has climbed in a nearly straight line, printing record after record, and the laziest ...

China issued sweeping new rules on Monday tightening control of overseas deals that involve Chinese investors, technology, data and national security, a month after Beijing ordered Meta to ‌unwind its acquisition of AI startup Manus. The rules, published by the State Council, or cabinet, will take effect ‌from July 1. One of the most significant articles requires authorisation for exports of restricted Chinese goods, technologies, services or related data.

Nearly 1,000 workers at a Michigan automotive supplier are set to strike, stalling the production of key parts for General Motors’ midsize and full-size pickup trucks. Workers at the American Axle plant in Three Rivers, Mich. are at an impasse with the company over a new labor contract. Workers say their pay hasn’t recovered from 2008, when they agreed to slash wages in half to keep the plant running during dire economic times, despite high profit at American Axle in recent years on the strength of GM’s truck sales.

South Korea’s exports grew at the fastest pace in more than four decades in May, as artificial intelligence-driven demand for chips pushed the value of shipments to a record.

(Bloomberg) -- Goldman Sachs Group Inc. sees two-sided risks to oil prices as a slump in demand competes with supply losses from the Middle East because of the Iran war.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStrait of Hormuz Ship Transits Are Rising Thanks to US HelpA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectAmericans Injured in Iranian Missile Strike on Kuwaiti Air B

The S&P 500 just posted one of its best two-month runs ever. That often means more good times ahead.

(Bloomberg) -- Vast, a 3D-modeling startup founded by a 29-year-old gamer, raised nearly $200 million to become the latest Chinese AI outfit to achieve a valuation of $1 billion.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarQatar Says Temporary Hormuz Fee to Clear Mines Is Nego

June 1 () - Australia's Syrah Resources said on Monday Tesla had withdrawn a notice of intent ‌to terminate a graphite supply deal, ending months ‌of negotiations that saw the two companies extend a resolution deadline ​four times. Syrah aimed to supply 8,000 metric tons of graphite anode materials to electric vehicle maker Tesla over a four-year period from its Vidalia plant in the U.

June 1 () - Australia's Syrah Resources said on Monday Tesla had withdrawn a notice of intent ‌to terminate a graphite supply deal, ending months ‌of negotiations that saw the two companies extend a resolution deadline ​four times. Syrah aimed to supply 8,000 metric tons of graphite anode materials to electric vehicle maker Tesla over a four-year period from its Vidalia plant in the U.

A particular moment in markets does not happen often. It is when a Wall Street firm that called a stock wrong publicly admits it, in plain language, in a research note. Morgan Stanley just had that moment with Dell Technologies (DELL). "We got this one wrong," the firm wrote in a note shared with ...