Category: Top Story
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Nvidia Holds Talks With Insurers Over AI Infrastructure Financing Risk, FT Reports
Nvidia (NASDAQ:NVDA) has held discussions with insurance companies about potential structures to transfer part of the financing risk associated with its chips as the company seeks to expand demand for artificial intelligence infrastructure beyond major technology groups, the Financial Times reported. The discussions include potentially insuring loans made to smaller “neocloud” companies, according to the…
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US Futures Little Changed as Treasury Selloff, AI Reports and Oil Prices Take Focus: Dow Jones, S&P, Nasdaq, Wall Street
US equity futures showed limited movement on Tuesday as markets monitored rising Treasury yields, higher crude prices and reports concerning artificial intelligence companies Anthropic (NASDAQ:ANTP) and OpenAI (NASDAQ:OAI). At 03:28 ET (07:28 GMT), Dow futures were 34 points lower, representing a decline of 0.1%. S&P 500 futures were little changed, while Nasdaq 100 futures advanced…
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Treasury Yields Hit Highest Level Since 2007 as Iran Tensions Send Wall Street Lower
U.S. stocks closed lower on Monday to start a busy week, as renewed tensions between the United States and Iran pushed oil prices higher and long-term Treasury yields climbed to multi-decade highs. President Trump’s rejection of an Iranian proposal to reopen the Strait of Hormuz revived worries about energy-driven inflation, which in turn fueled bets…
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SpaceX Starship Reaches Orbit for First Time Despite Engine Failure
SpaceX (NASDAQ:SPCX) said its next-generation Starship rocket reached orbit for the first time on Monday despite an engine failure during the flight. The uncrewed vehicle lifted off at approximately 7:46 a.m. CT from SpaceX’s Starbase facility near Brownsville, Texas. Starship consists of a Super Heavy booster and the upper-stage Starship spacecraft. SpaceX shares moved slightly…
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American Express Card Acceptance Reaches More Than 190 Million Merchant Locations
American Express (NYSE:AXP) said on Monday that its cards are now accepted at more than 190 million merchant locations worldwide, with acceptance outside the US more than doubling over the past four years. The company has expanded its international merchant network, including in travel destinations such as Barcelona, Hong Kong, Paris and Sicily. American Express…
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Meta Shares Trim Premarket Losses After Hiring MongoDB CEO
Meta Platforms (NASDAQ:META) shares reduced their premarket losses on Monday after the company confirmed the hiring of MongoDB’s chief executive, Chirantan “CJ” Desai. Meta shares had fallen more than 3% earlier in the session before recovering to trade 0.7% lower. Desai stepped down as MongoDB’s chief executive with immediate effect to take a senior position…
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Boeing Shares Fall After Report of 737 MAX Software Issue
Boeing (NYSE:BA) shares fell 1.9% after The Wall Street Journal reported that the planemaker had identified a software issue affecting an automated navigation function on the 737 MAX. According to the report, the software issue can disable the automated navigation function during a landing following a missed approach. The issue emerged following an update to…
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Nvidia Launches Open Agent Safety Platform for AI Deployment
Nvidia (NASDAQ:NVDA) announced the Nvidia Open Agent Safety Platform on September 28, an open software platform and reference system design intended to provide security controls for AI agents from testing through deployment. The platform consists of two primary components, Nvidia OpenShell and Nvidia Sentry, and is being developed with participation from more than 100 organizations…
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Roblox Shares Fall After Jefferies Downgrades Stock to Underperform
Roblox (NYSE:RBLX) shares fell 4.0% in pre-market trading after Jefferies downgraded the stock to Underperform from Hold and lowered its price target to $38. The new price target represents approximately 18% downside from Friday’s closing price. Jefferies said its downgrade reflected its assessment that the roughly 30% increase in Roblox shares following the company’s second-quarter…
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Apple and Amazon Face UK Consumer Lawsuit Over Marketplace Sales
Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) will face part of a UK consumer lawsuit alleging that restrictions on sellers of Apple products on Amazon’s UK marketplace reduced competition and increased prices. Britain’s Competition Appeal Tribunal on Monday allowed claims concerning Apple products purchased through Amazon’s marketplace to proceed, while rejecting broader claims covering products bought directly…