What Drove America's Inflation To A Three-Year High
Core inflation, which excludes volatile food and energy prices, increased only slightly to 3.4% from 3.3%, suggesting underlying price pressures remained relatively contained
Business
What Sparked The Recovery In AI Chip Stocks
Micron's stock climbed more than 16% in premarket trading after falling 13% on Tuesday during a broader AI market decline
How Will Amazon's $48 Billion Bet Transform India's AI Sector
Amazon CEO Andy Jassy said the company aims to support India's efforts to broaden AI access, digitize small businesses, create jobs and boost exports. The announcement followed Jassy's meeting with Prime Minister Narendra Modi.
Why Does Chevron CFO Say Gas Prices Will Take Time To Fall
Chevron is increasing production by 7% to 10% this year while optimizing operations to meet global energy demand. She said the company is doing everything it can to supply energy efficiently.
Micron Stock Rallies On Strong Earnings And Optimistic Outlook
The company reported revenue of $41.46 billion, up sharply from $9.3 billion a year earlier and well above analyst estimates of nearly $36 billion, according to LSEG data
IRS Outperforms Expectations Despite Major Workforce Cuts
The agency relied heavily on technology and automated processing systems to maintain core tax filing and refund operations during one of its busiest periods of the year.
What Is The $450 Million PFAS Settlement Against Chemours
The Delaware-based company will pay a $22.5 million civil penalty and invest $90 million over 15 years to reduce PFAS discharges in New Jersey, North Carolina and West Virginia
Why Are Tech Stocks Rebounding After The AI Sell-Off
Shares of memory manufacturers Micron and Sandisk moved higher after suffering double-digit declines on Tuesday, while the Roundhill Memory ETF also posted gains.
OpenAI Launches Custom Chip With Broadcom To Reduce Nvidia Dependence
The chip will be manufactured by Broadcom and used primarily for AI inference, the computing process that powers responses in ChatGPT and other applications. OpenAI President Greg Brockman sai
Meta Bets On Affordable AI Wearables With New Smart Glasses
The new Meta Glasses start at $299, undercutting the company's Ray-Ban-branded models, which begin at $379
Oracle Shrinks Workforce As Tech Giants Double Down On AI
The adoption of AI technologies across its operations has contributed to workforce reductions and could lead to further cuts
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.
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.