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Morning Bid: Microneconomics
Reuters55d agoneutral
Morning Bid: Microneconomics

June 25 (Reuters) - What matters in U. and global markets today , Editor-at-Large, Finance and Markets Micron Technology's impressive earnings update and demand forecasts on Wednesday have reheated the shaky chip sector, lifting the trillion-dollar memory chip maker's stock about ‌14% overnight and igniting a tech rally around the world on Thursday.

How to Find the Next Meme Stock
The Wall Street Journal55d agoneutral
How to Find the Next Meme Stock

Owning shares in a floundering company is psychological torture. The person answering them might be a superstar CEO like Steve Jobs or a takeover artist like Carl Icahn. GameStop had the same gain in six weeks that Apple did in the first 10 years with Jobs back at the helm.

Elon Musk’s Tesla Under Fresh Scrutiny As Texas Crash Victim’s Family Files Wrongful-Death Lawsuit, NTSB Opens Probe
Benzinga55d agobearish
Elon Musk’s Tesla Under Fresh Scrutiny As Texas Crash Victim’s Family Files Wrongful-Death Lawsuit, NTSB Opens Probe

Tesla Inc. (NASDAQ:TSLA) is facing fresh legal and regulatory challenges following the National Transportation Safety Board (NTSB) announcement that it will examine the fatal Texas crash that took place last week involving a Model 3 sedan. NTSB Announces Probe According to a report by Reuters on Wednesday, the agency said it will investigate the incident, which is already under scrutiny of the National Highway Traffic Safety Administration (NHTSA). The collision occurred in Katy, Texas and resul

IBM unveils tech for chip smaller than 1 nanometer in AI computing push
Reuters55d agoneutral
IBM unveils tech for chip smaller than 1 nanometer in AI computing push

IBM on Thursday unveiled what it said was the world's first technology capable of producing chips smaller than ‌one nanometer, as tech companies race to build semiconductors that can handle increasingly ‌demanding AI workloads. The new chip technology, which bolsters IBM's ‌position to compete with contract ⁠chipmakers TSMC and Intel, has a transistor architecture of 0.7 nanometers, or 7 angstroms. Last week, Intel said the new generation of its 18A manufacturing ⁠process, which makes 1.8 nanometer chips, moved into risk production, the testing phase before commercial manufacturing.

Amazon, Microsoft cloud computing services should fall under EU tech rules, EU regulators say
Reuters55d agoneutral
Amazon, Microsoft cloud computing services should fall under EU tech rules, EU regulators say

Amazon and Microsoft's cloud computing services should ‌be designated gatekeepers under EU ‌rules aimed at reining in the power ​of Big Tech, EU antitrust regulators said on Thursday. Amazon Web Services and Microsoft Azure, the two largest ‌cloud providers globally, ⁠should be designated gatekeepers under the Digital Markets Act ⁠which sets out a list of dos and don'ts to ensure ​a level ​playing field, ​the European Commission ‌said. The preliminary findings by the EU competition enforcer came after a seven-month long investigation.

Bloomberg55d agoneutral
SK Hynix ADR Plans Leave Arb Traders Waiting on One Key Answer

(Bloomberg) -- SK Hynix Inc.’s planned $29 billion US listing has arbitrage investors dissecting securities filings and peppering brokers with questions about a single unresolved issue: whether the Korean chipmaker’s American depository receipts can be freely exchanged for Seoul-listed shares, a feature that could determine whether price gaps persist between the two markets.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale b

Pizza Has Gone Cold. Domino’s Is Still Worth a Look.
The Wall Street Journal55d agoneutral
Pizza Has Gone Cold. Domino’s Is Still Worth a Look.

Pizza chains once owned a reliable American ritual: a sit-down dinner under a red-roofed Pizza Hut or a predictable Domino’s delivery on a lazy TV night. The growing American appetite for chain pizza made Domino’s Pizza one of the best restaurant stocks to own for decades.

Bloomberg55d agoneutral
Amazon Pledges Additional $13 Billion in India AI Outlays

(Bloomberg) -- Amazon.com Inc. added $13 billion to its planned India investments, accelerating its buildout of artificial intelligence and cloud infrastructure in the world’s most populous country.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapGrand Ole Opry House Up For Sale by Owner Ryman HospitalityStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle Cut 21,000 Jobs in 12 M