Dow closes above 53,000 for first time as chip stocks rally sharply
The Dow Jones Industrial Average surpassed 53,000 for the first time in history, driven by a broad rebound in semiconductor stocks and revived AI optimism after
BBN Times · +15 outlets
Nasdaq climbs on chip rebound as S&P 500 caps best quarter since 2020
The Nasdaq and S&P 500 rallied on recovering semiconductor and AI-related stocks, with the S&P 500 posting its strongest quarter since 2020 and major indexes cl
Yahoo Finance · +14 outlets
Samsung Electronics posts record second-quarter profit as AI chip demand surges
Samsung Electronics reported record preliminary Q2 profit driven by an 1,800% profit surge from AI chip demand, though shares initially fell on the announcement
US Top News and Analysis · +14 outlets
Microsoft cuts 4,800 jobs as Xbox revenue shrinks; plans studio spin-offs
Microsoft announced layoffs affecting 2.1% of its workforce, with cuts concentrated in commercial business and Xbox gaming division, and plans to spin off four
US Top News and Analysis · +7 outlets
SpaceX to join Nasdaq-100 on Tuesday; adds volatility concerns for index
SpaceX joins the Nasdaq-100 index, raising volatility concerns given the company's history of sharp swings and lack of S&P 500 inclusion eligibility for at leas
MarketWatch.com · +14 outlets
SK Hynix launches $28 billion US IPO listing to capitalize on AI wave
South Korea's SK Hynix launched a $28 billion US listing to raise capital for its AI data center memory business expansion amid soaring demand.
Financial Times · +14 outlets
Trump administration proposes 702 regulatory rollbacks to save $1.5 trillion
The Trump administration outlined a sweeping deregulation agenda targeting hundreds of rules in an effort to generate $1.5 trillion in economic savings.
Fox Business · +2 outlets
TeraWulf shares surge on $19 billion long-term AI data center lease with Anthropic
TeraWulf, a crypto miner turned AI infrastructure provider, announced a 20-year lease deal with Anthropic for an AI data center in Kentucky, boosting its stock
US Top News and Analysis · +14 outlets
Nvidia's next-gen Kyber AI rack system delayed to 2028 on manufacturing constraints
Nvidia's next-generation Kyber AI rack system faces a delay to 2028 due to manufacturing bottlenecks, raising questions about the pace of its annual release cyc
US Top News and Analysis · +13 outlets
Walmart, Sam's Club slash prices on thousands of products; Trump claims credit
Walmart and Sam's Club announced significant price cuts on thousands of items including beef and beverages, with Trump stating the reductions came at his reques
MarketWatch.com · +9 outlets
Toyota invests $3.6 billion to move Tacoma truck production from Mexico to Texas
Toyota announced a $3.6 billion investment to relocate Tacoma pickup truck manufacturing from Mexico to its San Antonio, Texas facility, creating approximately
US Top News and Analysis · +14 outlets
Lockheed Martin to acquire Ultra Maritime for $3.45 billion in naval defense deal
Lockheed Martin agreed to buy Ultra Maritime, a naval defense firm specializing in anti-submarine technology, from Advent International for $3.45 billion.
US Top News and Analysis · +14 outlets
EasyJet agrees to $6.7 billion takeover bid from U.S. private equity firm Castlelake
British budget airline EasyJet agreed in principle to a takeover offer from U.S. private equity firm Castlelake valued at around $6.7 to $7.3 billion.
US Top News and Analysis · +7 outlets
Rivian forecasts quarterly revenue above estimates but tumbles on 75M share offering
Rivian provided optimistic revenue guidance but announced a 75 million share offering, causing its stock to fall as investors absorbed the dilution.
All News
Analyst warns AI productivity hype overblown, signals potential market repricing ahead
Torsten Slok warns that AI has failed to deliver on productivity promises, suggesting markets face a painful repricing if exuberance persists.
Fortune
SpaceX President Gwynne Shotwell donates $320 million in stock to Trump Accounts
SpaceX President Gwynne Shotwell pledged to donate $320 million in company stock to Trump's new investment accounts program.
US Top News and Analysis · +9 outlets
Alibaba bans Anthropic's Claude AI citing 'distillation attack' concerns
Chinese e-commerce giant Alibaba added Anthropic's Claude Code to its high-risk software list, citing concerns about a potential distillation attack.
US Top News and Analysis · +14 outlets
Comcast's Sky unit to acquire ITV Networks and streaming businesses for $2.13 billion
Comcast's Sky streaming service agreed to acquire ITV's broadcasting networks and streaming businesses for $2.13 billion, reshaping the British TV landscape.
The Hollywood Reporter · +6 outlets