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Rebound in tech shares pushes Asian shares higher, while oil prices fall
Associated Press49d agobearish
Rebound in tech shares pushes Asian shares higher, while oil prices fall

Shares were mostly higher Thursday in Asia, led by tech-driven gains in Japan and South Korea as major computer chipmakers’ stocks surged following upbeat earnings reports from U.S. giants like Qualcomm and Micron Technology. Oil prices fell more than $1, bringing them closer to where they were before the war with Iran started. Qualcomm’s share price surged 12% in afterhours trading after the company announced it had raised its forecast for revenue this year to $40 billion from $22 billion.

AI stock slump raises the question if investors are just taking profits or getting very nervous
Associated Press50d agobearish
AI stock slump raises the question if investors are just taking profits or getting very nervous

Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts. Just four companies — Alphabet, Amazon, Meta Platforms and Microsoft — plan to spend up to $720 billion this year, primarily on AI data centers.

EU to ramp up Meta probe into addictive design: Bloomberg
Reuters Videos50d agobearishVIDEO
EU to ramp up Meta probe into addictive design: Bloomberg

<body><p>STORY: The European Commission plans to ramp up its probe into Meta, a Bloomberg report said.&nbsp;</p><p>The EU alleges the social media giant designs its platforms to be addictive to children.&nbsp;</p><p>The report said the bloc is preparing preliminary findings but has not set a date for the announcement.</p><p>It’s not the first time Meta has faced scrutiny from the commission.&nbsp;</p><p>It first opened a probe into the company under the Digital Services Act in May 2024, due to concerns it had not adequately addressed risks to children.</p><p>In April it charged Meta with breaching its tech rules…</p><p>And said the Instagram owner must do more to block children under 13 from accessing social networks.&nbsp;</p><p>The report said the EU is considering curbs similar to those announced by the UK and other countries after an expert panel delivers recommendations next month.</p><p>Meta and the European Commission did not immediately respond to Reuters requests for comment.&nbsp;</p><p>Reuters could not independently verify the report.</p><p>Meanwhile, a source told Reuters the social media giant is pushing for legal protection in Washington.&nbsp;</p><p>The source said Meta is lobbying U.S. lawmakers for language that would shield social media firms from certain claims tied to minors’ safety and privacy.</p></body>

Bloomberg51d agobearish
Alphabet Shares Drop After Second AI Star Departs for Rival

(Bloomberg) -- Alphabet Inc. shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIran Cites ‘Major Progress’ After All-Night Talks With USThe stock fell as much as 7.2%, t

Mark Zuckerberg admits mistakes in leaked memo after Meta layoffs
TheStreet56d agobearish
Mark Zuckerberg admits mistakes in leaked memo after Meta layoffs

Meta CEO Mark Zuckerberg is admitting to missteps in a newly leaked memo, following the company's significant workforce changes over the past year as it pours billions of dollars into developing artificial intelligence infrastructure. These changes include Meta’s decision last year to axe ...

Bloomberg57d agobearish
SpaceX Heads Toward Fourth Day of Gains Since Record IPO

(Bloomberg) -- SpaceX shares are poised for a fourth straight day of gains, reinforcing the company’s place among the world’s largest after it surpassed Amazon.com Inc. by market value.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealShares

Italy regulator drops investigation into Meta's WhatsApp AI bot
Reuters65d agobearish
Italy regulator drops investigation into Meta's WhatsApp AI bot

Italy's competition authority ‌said on ‌Monday it had dropped ​an investigation into Meta Platforms over allegations the company ‌abused its ⁠dominant position by installing its ⁠artificial intelligence tool on messaging ​service WhatsApp. The ​investigation ​had been ‌launched in July 2025. The regulator, known as AGCM, said it closed its ‌probe because the ​European ​Commission ​had extended ‌its own investigation into ​the ​same issue to include the ​Italian ‌territory.

Mark Zuckerberg and Meta face first tough test after layoffs
TheStreet66d agobearish
Mark Zuckerberg and Meta face first tough test after layoffs

Earlier this year, Meta cut thousands of employees and told investors the reductions were necessary to fund its AI ambitions. The company redirected that payroll into infrastructure, researchers, and models designed to compete with OpenAI, Anthropic, and Google. Mark Zuckerberg called it the most ...

Broadcom’s Stock Tumble Could Be About More Than Just Guidance
The Wall Street Journal69d agobearish
Broadcom’s Stock Tumble Could Be About More Than Just Guidance

Broadcom’s 15% slide in premarket trading has widely been blamed on guidance that merely held steady against Wall Street’s lofty expectations. But there might be more to the story. According to Ben Barringer, head of technology research at U.

SpaceX, OpenAI Windfall Fuels Bets on Next-Wave Asian AI Winners
Bloomberg74d agobearish
SpaceX, OpenAI Windfall Fuels Bets on Next-Wave Asian AI Winners

(Bloomberg) -- The hunt is on for companies that could benefit from the tailwinds of an unprecedented wave of stock offerings in the US, and investors are increasingly honing in on the Asian supply chain.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarCVS Returns Zepbound to Drug

Social media companies to pay $27 million to settle Kentucky school district's lawsuit, records show
Reuters75d agobearish
Social media companies to pay $27 million to settle Kentucky school district's lawsuit, records show

A Kentucky school district secured roughly $27 million in settlements from Meta Platforms and other social media companies over claims they fueled a student mental‑health crisis, according to records seen by Reuters on Friday. Meta agreed to pay ‌the most at $9 million in the bellwether case for school districts, according to documents that reveal financial terms for the first time as ‌terms of the deals had not been disclosed in court. The operator of Instagram, Facebook and WhatsApp settled the case brought by Breathitt County School District on May 21, a few weeks ​before a planned June trial, following settlements by co-defendants Snap Inc, YouTube parent Alphabet and TikTok parent ByteDance.