Category: Top Story
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Wall Street Pulls Back From Records as Oil Jumps and Inflation Data Looms
Stocks retreated from recent highs on Tuesday as investors turned cautious ahead of key inflation data due later this week and watched a fresh climb in oil prices tied to rising Middle East tensions. All three major indexes finished lower, with the tech-heavy Nasdaq bearing the brunt of the selling as traders trimmed exposure to…
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Tesla investors need more Robotaxi scaling evidence, Morgan Stanley says
Tesla (NASDAQ:TSLA) may need to demonstrate clearer progress in scaling its Robotaxi business before investors gain greater confidence in the company’s broader Physical AI strategy, according to Morgan Stanley. In a note to clients on Tuesday, analyst Andrew Percoco said feedback following Tesla’s second-quarter earnings showed investors remain constructive on the long-term opportunity, particularly given…
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Nocera Expands AI Infrastructure Strategy with New 50/50 Energy Joint Venture
Nocera (NASDAQ:NCRA) is taking another significant step in its transformation into a diversified technology and infrastructure holding company, announcing a new 50/50 joint venture with INERGX focused on the rapidly growing mission-critical energy market. The partnership is designed to identify, fund, acquire, develop and commercialise businesses, technologies and infrastructure projects across the energy supply chain,…
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TSMC and Sony plan $4.69 billion Japan chip venture for next-generation image sensors
TSMC (NYSE:TSM) and Sony Group (NYSE:SONY) are joining forces on a $4.69 billion semiconductor venture in Japan focused on developing and manufacturing next-generation image sensors, with mass production targeted for 2029. The companies announced the agreement on Tuesday, outlining plans for a new manufacturing operation in Kumamoto, southern Japan, where TSMC already operates its Japan…
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Tesla Recalls More Than 20,000 U.S. Vehicles Over Excessively Bright Headlights
Tesla (NASDAQ:TSLA) is recalling 20,349 vehicles in the United States because their low-beam headlights may be excessively bright, creating a potential safety risk for other road users. The U.S. National Highway Traffic Safety Administration said on Tuesday that overly bright headlights could reduce visibility for oncoming drivers and increase the risk of a crash. Model…
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Nvidia Targets Over $500 Billion for AI Infrastructure Financing with Global Financial Giants
Nvidia (NASDAQ:NVDA) has unveiled a strategic partnership with six major financial groups aimed at mobilising more than $500 billion in third-party capital to finance the continued expansion of artificial intelligence infrastructure. The initiative brings Nvidia together with Apollo (NYSE:APO), BlackRock (NYSE:BLK), Blackstone (NYSE:BX), Brookfield (NYSE:BAM), Goldman Sachs (NYSE:GS) and KKR (NYSE:KKR) to establish independent computing…
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Intel Raises $20 Billion in Upsized Share Sale to Support Chip Manufacturing Expansion
Intel (NASDAQ:INTC) raised $20 billion through an expanded share offering on Tuesday, taking advantage of the sharp rally in its stock to secure additional funding for its capital-intensive push into contract chip manufacturing. The chipmaker priced the offering at $95 per share, representing a 2.6% discount to its previous closing price. Intel had initially announced…
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U.S. Futures Flat as Trump Rejects Iran Reparations, Intel Raises $20 Billion: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures traded close to unchanged on Tuesday as investors monitored renewed Middle East tensions, higher oil prices and developments across the artificial intelligence sector ahead of key inflation data later this week. By 03:05 ET (07:05 GMT), Dow futures were down 51 points, or 0.1%, while S&P 500 and Nasdaq 100 futures were…
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Wall Street Drifts Lower as Oil Climbs and Investors Await Key Inflation Data
U.S. stocks edged lower on Monday in a quiet, cautious session as traders looked ahead to a heavy week of inflation reports and Treasury auctions. Rising oil prices lifted energy shares but did little to change the broader mood, with the major indexes hovering just below the record highs reached late last week. The pullback…
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GameStop weighs dropping $56 billion eBay bid in favour of partnership
GameStop Corp. (NYSE:GME) is considering abandoning its $56 billion takeover proposal for eBay Inc. (NASDAQ:EBAY) and could instead pursue a commercial partnership or joint venture with the e-commerce company, Bloomberg reported on Monday. Chief Executive Ryan Cohen is reportedly evaluating an arrangement that would give eBay access to GameStop’s roughly 1,600 retail locations across the…