Category: Top Story
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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…
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SpaceX retail investors become net sellers for first time since IPO
Retail investors turned into net sellers of SpaceX (NASDAQ:SPCX) shares on Friday for the first time since Elon Musk’s space company completed its initial public offering in June, according to data from Vanda Research. Individual traders sold a net $4.5 million of SpaceX shares on August 7, representing the first day of negative retail flows…
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Meta unveils Muse Glimmer as Zuckerberg backs stronger U.S. open-weight AI push
Meta (NASDAQ:META) launched a new open-weight artificial intelligence model on Monday as CEO Mark Zuckerberg called for the United States to reduce barriers facing domestic developers in order to compete more effectively with Chinese rivals. The new model, called Muse Glimmer, is considerably smaller than the flagship AI systems developed by leading competitors. Rather than…
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Five key market events investors should follow this week
U.S. inflation and retail sales figures are set to dominate the economic calendar this week as investors assess the health of the world’s largest economy against a backdrop of persistent uncertainty surrounding the Middle East conflict. Corporate earnings will also remain in focus, with Cisco Systems (NASDAQ:CSCO) among the most prominent companies scheduled to report…
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Apple reportedly tests CXMT memory chips as AI demand tightens global supply
Apple Inc (NASDAQ:AAPL) is reportedly evaluating memory chips produced by China’s CXMT Corp for use across products including iPhones and MacBooks as surging artificial intelligence investment places increasing pressure on global memory supplies. According to The Wall Street Journal, Apple has also held preliminary discussions with CXMT about potentially sourcing memory components for devices sold…