Category: Top Story
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Meta Secures Space-Based Solar Energy Deal to Power AI Data Centers
Meta Platforms (NASDAQ:META) announced Monday that it has entered into an agreement to purchase up to 1 gigawatt of space-based solar energy from Overview Energy, a company developing satellite technology to harvest sunlight in orbit and transmit it back to Earth as electricity. The planned capacity is roughly equivalent to the output of a nuclear…
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Apple Shares Edge Lower on Report of OpenAI Chip Ambitions
Apple Inc. (NASDAQ:AAPL) declined 1.5% as of 6:42 a.m. in New York on Monday following reports that OpenAI is exploring the development of smartphone processors. According to TF International Securities analyst Ming-Chi Kuo, industry checks suggest OpenAI is working with Qualcomm Inc. and MediaTek Inc. on potential chip designs aimed at mobile devices. Potential Ecosystem…
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Verizon Rises After Earnings Beat and Upgraded Outlook
Verizon Communications Inc. (NYSE:VZ) moved higher in premarket trading after delivering first-quarter earnings that topped expectations and lifting its full-year profit outlook, despite revenue coming in below forecasts. Shares gained 4.9% ahead of the open, supported in part by the company’s first positive first-quarter postpaid phone net additions since 2013. Earnings Top Estimates While Revenue…
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Peloton Shares Rise on New Spotify Fitness Collaboration
Peloton Interactive (NASDAQ:PTON) climbed 6% on Monday after Spotify (NYSE:SPOT) revealed a new partnership that brings Peloton fitness content to its platform. Through the collaboration, Spotify Premium subscribers in supported regions will be able to access more than 1,400 ad-free, on-demand classes from Peloton as part of their existing memberships. The offering spans a range…
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Futures Suggest Flat Start for Wall Street: Dow Jones, S&P, Nasdaq
U.S. stock futures indicate a largely unchanged open on Monday, pointing to a pause in momentum after the strong gains recorded in the previous session. Investors appear cautious, with limited conviction as uncertainty persists in the Middle East following the breakdown of U.S.-Iran peace discussions over the weekend. As negotiations between Washington and Tehran enter…
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Five Key Market Themes to Watch in the Week Ahead
It’s shaping up to be a packed week for financial markets. With U.S.-Iran negotiations stalled and the Strait of Hormuz largely closed, investors are navigating a mix of geopolitical risks, a heavy earnings calendar, major central bank decisions and key economic data releases. 1. U.S.-Iran tensions remain in focus Market participants are bracing for continued…
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Google DeepMind Teams Up With South Korea on AI Research Drive
Google DeepMind (NASDAQ:GOOG) has formed a partnership with South Korea to support the country’s K-Moonshot initiative, a programme focused on applying artificial intelligence to tackle complex scientific problems, according to the nation’s Science and ICT Ministry. The collaboration spans several disciplines, including life sciences, meteorology and climate research, with both sides set to exchange AI…
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China Halts Meta’s $2 Billion Deal for Manus
Chinese authorities have stepped in to stop Meta Platforms Inc. (NASDAQ:META) from proceeding with its proposed $2 billion acquisition of Manus, according to a statement released Monday by the National Development and Reform Commission. The regulator formally blocked the cross-border transaction, bringing an end to the planned takeover between the social media group and Manus.…
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U.S.-Iran Deadlock Weighs on Futures as Earnings Season Kicks Off: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures traded lower early Monday after Donald Trump halted plans to send negotiators for renewed talks with Iran, prolonging tensions between Washington and Tehran. The continued closure of the Strait of Hormuz is keeping pressure on global oil prices. At the same time, Verizon Communications Inc. (NYSE:VZ) is set to begin a packed…
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AI funding pressures ease as cash flow growth outpaces spending: JPMorgan
The financial strain tied to the tech sector’s heavy investment in artificial intelligence appears less severe than previously expected, as rising cash flows continue to outstrip capital expenditure growth, according to strategists at JPMorgan. A team led by Nikolaos Panigirtzoglou estimates that the sector is on track to deliver cash flow growth of about 25%…