Category: Top Story

Adobe forecasts that traffic from artificial intelligence tools to US retail websites will increase 130% during the upcoming holiday shopping season, exceeding expected growth from paid search and social media referrals. AI-referred traffic is projected to rise 159% year over year on Thanksgiving, 95% on Black Friday and 88% on Cyber Monday, according to Adobe.…

Jefferies said resale pricing for Apple’s (NASDAQ:AAPL) latest high-end iPhones in Hong Kong is below levels recorded for comparable models last year, which the broker said could indicate softer demand for the iPhone 18 Pro and Pro Max. According to the analysts, the iPhone 18 Pro was trading at discounts to Apple’s official pricing across…

Piper Sandler has raised its forecasts for Alphabet (NASDAQ:GOOG), with analyst Thomas Champion estimating that Google’s external tensor processing unit hardware business could generate $104 billion in revenue by 2028. The forecast follows Google’s disclosure of external TPU hardware sales for the first time in its second-quarter 2026 results. Piper Sandler said the disclosure prompted…

The price of copper (Cu), up by almost 50 per cent year-over-year, sits near a record high at about US$14,500 per ton, reflecting short-term concerns about US tariffs and disruptions at major mines, most recently at Las Bambas in Peru. This is in addition to longer-term worries, including: This dynamic is serving to increase capital…

Anthropic (NASDAQ:ANTP) warned that government actions and perceptions of the company and its artificial intelligence technology could affect its broader commercial relationships, according to its initial public offering prospectus reviewed by Reuters. The company said potential effects could extend beyond government contracts to relationships with customers, partners, employees and investors. Anthropic said government agency contracts…

Nike (NYSE:NKE) shares fell nearly 9% in pre-market trading on Friday after the sportswear company reported fiscal first-quarter revenue below market expectations and forecast a high-single-digit revenue decline for fiscal 2027. Nike reported adjusted earnings of $0.48 per share, above Wall Street expectations of $0.44. Revenue was $11.21 billion, compared with estimates of $11.35 billion,…

Amazon (NASDAQ:AMZN) is seeking external investors for a financing arrangement involving approximately $8 billion of advanced Nvidia (NASDAQ:NVDA) chips, the Financial Times reported, citing people familiar with the matter. According to the report, Amazon has held discussions with investors in recent weeks to assess interest in a proposed structure that would place thousands of Nvidia…

Broadcom (NASDAQ:AVGO) and its Wall Street banking syndicate are beginning efforts to arrange approximately $60 billion in new financing intended to support Anthropic (NASDAQ:ANTP) and other artificial intelligence companies, Bloomberg reported on Friday, citing people familiar with the matter. Banks participating in the financing are expected to distribute syndication materials for a $42 billion Class…