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Oil prices spike as president says cease-fire is over, power stocks slump on fears the tech boom is peaking, and more news to start your day.
Apple (NASDAQ:AAPL) has failed in its attempt to overturn European Union rules that classify the App Store and the iOS operating system as “gatekeeper” services under the bloc’s Digital Markets Act (DMA). EU Court Backs Digital Markets Act DecisionThe EU’s General Court in Luxembourg upheld the European Commission’s decision to designate both the App Store and iOS as core platform services subject to the DMA.
By Amanda Stephenson CALGARY, July 8 (Reuters) - Big Tech has joined the party at the Calgary Stampede, a sign of growing interest in Canada from U.S.-based hyperscalers as the province of Alberta
By Amanda Stephenson CALGARY, July 8 (Reuters) - Big Tech has joined the party at the Calgary Stampede, a sign of growing interest in Canada from U.S.-based hyperscalers as the province of Alberta
The shift in leadership at Berkshire Hathaway (BRK.A) to Greg Abel, paired with a new US$10b private placement in Alphabet, has put fresh attention on how Berkshire’s stock reflects this change. See our latest analysis for Berkshire Hathaway. Against this backdrop, Berkshire Hathaway’s 30 day share price return of 3.06% and 90 day share price return of 4.93% sit alongside a 1 year total shareholder return of 5.69% and 5 year total shareholder return of 80.08%. This suggests longer term...
The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could soon be able to crack the cryptography that protects transactions and digital wallets. Quantum computers can solve complex mathematical problems much faster than today's sophisticated computers, and could be used to unscramble conventional methods for encrypting digital information. While the technology remains largely experimental, crypto industry concerns have grown since March research from Alphabet's Google, one of several tech giants pioneering the technology, suggested quantum computers may be able to break that cryptography sooner than previously expected, according to executives and analysts.
Berkshire's investment portfolio is getting a tech makeover with Abel at the helm.
The purchase of $10 billion worth of Alphabet stock through a private placement was Berkshire Hathaway's biggest deal since Greg Abel took over as CEO.
(Bloomberg) -- After losing roughly $1 trillion in market value in less than two months, Nvidia Corp.’s stock is the cheapest it’s been since before the AI boom kicked off and sent the shares into the stratosphere.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapUS Strikes Iran and Blocks Oil Sales in New Test of TruceTwo Millennium Trading Pods Made About $3.7 Billion Last MonthChina Sentences
AI adoption will make these top tech companies winners for the foreseeable future.
Second-quarter reports coming later this month will likely show another period of blowout AI investments. Wall Street analysts estimate that combined capital spending by Google, Microsoft, Amazon and Meta Platforms surged 74% year over year to hit $168 billion in the June-ending quarter, according to consensus estimates from Visible Alpha.
Time was, the future looked so bright for Meta Platforms that founder Mark Zuckerberg had to wear shades—AI-powered smart glasses, that is. In Zuckerberg’s words, 2023 wasn’t just Meta’s “year of efficiency” — it was actually the company’s best year ever. Shares surged 178% as the digital ...
FIFA is expected to begin talks with media companies in the coming months as competition heats up for the U.S. rights to the 2030 and 2034 men’s World Cups.
Investing.com -- A massive bidding war is brewing over the U.S. broadcast rights for the 2030 and 2034 FIFA World Cups, as streaming and legacy media giants look to sideline incumbent Fox Corp (NASDAQ:FOX). According to a recent report from CNBC, heavyweights Netflix Inc (NASDAQ:NFLX), Walt Disney Company (NYSE:DIS), and Alphabet’s (NASDAQ:GOOGL) YouTube are all actively exploring bids for the coveted soccer package. Discussions between FIFA and prospective media partners are slated to kick off
Communication services stocks represent a diverse segment of the market that includes media companies, internet giants and telecoms. Here's how to find the best ones.
A printed circuit board just pushed NVIDIA’s most powerful AI system into 2028 — at least according to one research firm. Semiconductor research firm SemiAnalysis reported on July 5–6, 2026 that NVIDIA’s Kyber NVL144 rack-scale AI system has been delayed, from its planned 2027 launch to 2028. CNBC cited the SemiAnalysis post. NVIDIA publicly disputed ... A Circuit Board Problem Just Delayed Nvidia’s Next AI System to 2028 And Chip Stocks Are Already Feeling the Fallout
The world’s third-richest person just accepted a 94% loss to walk away from New York City real estate. Google co-founder Sergey Brin, worth roughly $280 billion, sold his stake in a Manhattan multifamily fund for six cents on the dollar, according to Bloomberg. The direction of that trade matters more than the dollar figure to ... Google Co-Founder Worth $280 Billion Flees NYC Real Estate at 94% Loss Ahead of Mamdani’s Rent Freeze
The debt offering comes as large tech companies keep funding AI and data-center expansion.
Regulation meets AI driven growth at Alphabet The UK’s Competition and Markets Authority has imposed new conduct rules on Google Search, requiring fairer rankings and data portability, just as Alphabet (GOOGL) leans heavily into AI driven expansion. At the same time, Alphabet’s Gemini platform and Google Cloud business are drawing strong demand, backed by a US$80b equity raise and recent Q1 revenue of US$422.5b with net income of US$160.2b. See our latest analysis for Alphabet. Alphabet’s...
(Bloomberg) -- Meta Platforms Inc. debuted a new image-generation artificial intelligence model, its first such release since the company spent billions to rebuild its AI lab under Chief AI Officer Alexandr Wang a year ago.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Slide on Worries Rally Has Run Too Far: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Majo
Palantir (NASDAQ:PLTR) and Google (NASDAQ:GOOGL) both just delivered blowout Q1 2026 reports, yet their businesses look nothing alike. Palantir rebounded 14.55% in the past week after touching a $106 June low, powered by an NVIDIA sovereign AI partnership and blistering enterprise growth. Google, meanwhile, is compounding at scale on the back of Cloud and Gemini. ... Palantir Vs. Google: Why Palantir is Surging in July and Should Investors Buy it Over Google
Shares of the veteran handset maker have surged roughly 90% this year as it pivots to become a heavyweight infrastructure supplier.
DTE Energy (NYSE:DTE) at $151.36 is a hold. The Michigan utility is pushing against its $155.06 52-week high on hyperscaler power supply deals, but a Q1 earnings miss and modest upside to consensus targets argue for patience. DTE is a Detroit-based regulated utility with a $32 billion market cap operating DTE Electric, DTE Gas, DTE ... DTE Energy Nearing 52-Week High: Buy, Sell or Hold?
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