Tech Stocks Tumble Worldwide, Dragging Markets Lower
Nasdaq 100 futures fell 2.7% ahead of trading, while semiconductor stocks such as Intel, Micron, AMD and Nvidia posted notable pre-market losses.
Business
What Is Driving Investor Concern Around Alphabet’s AI Strategy
The departures raised fresh questions about Google’s ability to retain top AI researchers despite significant investments in the sector
Canada’s Inflation Rate Climbs to 29-Month High In May
According to data released by Statistics Canada, consumer prices rose faster than economists had anticipated, marking the first time inflation has exceeded three per cent since 2023.
EV Maker Lucid Announces 1,500 Job Cuts
The restructuring includes the elimination of the chief operating officer position and operational changes at Lucid's manufacturing facility in Casa Grande, Arizona.
China Imposes New Export Controls On U.S. Companies
Chinese officials said the actions were necessary to protect national security and respond to recent U.S. policies affecting Chinese technology and defense-linked enterprises.
What Is SpaceX’s $6.3 Billion Computing Deal With Reflection AI
Under the agreement, Reflection AI will gain access to high-performance Nvidia GB300 graphics processing units beginning July 1, 2026.
WhatsApp Gets New CEO As Meta Backs India's Cred With Fresh Funding
As part of the transition, Meta will invest approximately $900 million in Cred at a reported valuation of $4.5 billion.
Elon Musk’s SpaceX Launches Bond Sale After Record-Breaking IPO
The fundraising effort follows SpaceX’s blockbuster IPO, which raised nearly $86 billion and significantly boosted its market valuation.
How Chevron Will Supply Energy To Microsoft’s Texas Data Center
The facility is expected to consume nearly 2.7 gigawatts of electricity, an amount comparable to the power needs of roughly 2 million homes.
The Musk Trillionaire Panic Is A Distraction
Musk already had the highest net worth in the world before SpaceX went public.
Indian Telecom Giant Jio Moves Ahead With IPO
Speaking at Reliance Industries’ annual shareholder meeting, Mukesh Ambani said the listing would showcase India’s ability to build technology companies with global scale and influence.
Musk’s SpaceX Wealth Launches A Trillion Tax Lies
When the IPO for SpaceX made Elon Musk the world’s first trillionaire, Democrats were primed
Intel Shares Jump After Trump Announces Apple Partnership
President Donald Trump announced Thursday that Intel and Apple have reached an agreement to design and manufacture computer chips in the United States
What Is The New Apple-Intel Chip Deal
Intel has staged a significant comeback in recent months, with its stock soaring more than 460% over the past year and its market value reaching roughly $609 billion
U.S. Pending Home Sales Reach Six-Month High In May
The increase in pending home sales exceeded economists' expectations, indicating that buyer demand remains resilient even as financing costs continue to weigh on affordability.
Federal Reserve Holds Interest Rates Steady At Warsh’s First Meeting
The decision, approved unanimously by the Federal Open Market Committee, reflects the central bank’s view that inflation remains elevated relative to its long-term target of 2%.