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Tesla rolls out robotaxi service in Miami
Reuters44d agoneutral
Tesla rolls out robotaxi service in Miami

Tesla said on Friday its robotaxi was available in Miami, ‌as the electric vehicle maker looks ‌to expand its autonomous ride-hailing operations. The expansion highlights ​Tesla's efforts to increase adoption of its self-driving software, a version of which it uses in the robotaxis and a key ‌part of CEO ⁠Elon Musk's shift from EVs to AI and robotics. Tesla's move comes ​as the ​robotaxi sector gains ​momentum, with competitors ‌such as Alphabet's Waymo and Amazon's Zoox accelerating their expansion efforts.

Meta just picked a fight with Amazon's cash cow
TheStreet44d agoneutral
Meta just picked a fight with Amazon's cash cow

Wall Street does not punish companies for spending money. It punishes them for spending money without a story. Give investors a believable path from this year's bills to next year's profits and they will forgive almost any number on the capital expenditure line. Take that story away, and every ...

Amazon to start initial Leo internet service this year as network nears 400 satellites
Reuters44d agoneutral
Amazon to start initial Leo internet service this year as network nears 400 satellites

Amazon expects to roll out initial internet service with its Leo broadband satellite network later this year after the company's latest launch put the orbiting constellation's satellite count over 390, ‌a company executive said on Thursday. Amazon's latest batch of 29 satellites lifted off from Florida early on Thursday ‌aboard an Atlas V rocket from United Launch Alliance, marking the company's 14th launch of dozens more planned to deploy more than 3,200 satellites that will ​provide global internet coverage from space. "Still lots of work ahead – including raising all these new satellites to their assigned altitude," Amazon's Leo chief Chris Weber said in a post on X. "But we’ve completed enough launches for initial service this yr, and future missions just add coverage and capacity."

‘Buy Now, While Supplies Last’ Doesn’t Apply to Stocks
The Wall Street Journal45d agobullish
‘Buy Now, While Supplies Last’ Doesn’t Apply to Stocks

The past few months have seen frenetic buying and selling by individual stock traders. Leading market maker Citadel Securities says that retail cash equity volumes in May hit a record, doubling in two years. Then that accelerated in June with nine of the 10 busiest days the market maker has ever experienced coming in a month, according to a mid-June report by strategist Scott Rubner.

Bloomberg45d agoneutral
SpaceX Analyst Debut Set to Test $2.2 Trillion Valuation

(Bloomberg) -- Investors in SpaceX have been largely flying blind since the company’s record-breaking IPO last month, with few financial projections to help determine what the stock is actually worth. Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileMeta Is Planning a Cloud Business to Sell AI Computing PowerKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksSpaceX IPO Left Mirae

Bloomberg45d agoneutral
SoftBank Plans AI Cloud Services in US to Tap Surging Demand

(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

Microsoft reportedly makes another brutal workforce move
TheStreet45d agoneutral
Microsoft reportedly makes another brutal workforce move

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 ...

Amazon doubles down on enterprise AI bet
TheStreet45d agoneutral
Amazon doubles down on enterprise AI bet

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, ...

Kroger to buy grocer Giant Eagle as competition heats up
Reuters Videos45d agobullishVIDEO
Kroger to buy grocer Giant Eagle as competition heats up

<body><p>STORY: :: Kroger</p><p>Shares of U.S. grocer Kroger fell about 2% Wednesday morning after the company said it would buy regional supermarket chain Giant Eagle in a nearly $1.7 billion deal.</p><p>:: Archive</p><p>The move strengthens Kroger's presence in the Midwest and the Mid-Atlantic region amid intensifying competition.</p><p>The transaction is the first under CEO Greg Foran, and is also Kroger's first major acquisition since its $25 billion merger with Albertsons fell apart in 2024.</p><p>:: Archive</p><p>Family-owned Giant Eagle generates about $9 billion in annual sales. It operates nearly 200 supermarkets and about a dozen standalone pharmacies across parts of Ohio, Pennsylvania, West Virginia, Maryland and Indiana.</p><p>:: Kroger</p><p>Foran said the chain was a good strategic fit for Kroger, which has been battling intense competition from Walmart, Amazon and other grocers as still-elevated inflation has many consumers seeking cheaper essentials.</p><p>Kroger has previously said it plans to cut prices on thousands of items, funded partly by direct imports and better use of technology.</p><p>The Giant Eagle acquisition is expected to close in 2027.</p></body>

Meta building cloud business to sell excess AI capacity, Bloomberg News reports
Reuters46d agobearish
Meta building cloud business to sell excess AI capacity, Bloomberg News reports

Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported ‌on Wednesday citing people familiar with the matter. The move ‌could reduce Meta's reliance on advertising revenue and help it take on major cloud ​companies, including Amazon, Microsoft and Alphabet. Meta did not immediately respond to a request for comment.

Bloomberg46d agoneutral
Alphabet’s $2 Trillion Gain Turns ‘Rock Star’ Into Question Mark

(Bloomberg) -- Alphabet Inc. has had a remarkable 12 months by just about any measure you can imagine.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsWhatsApp Opens Username Reservations to 3 Billion UsersYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanThe stock price has more than doubled, raising its market capitalization by more t