Finance news

Broadcom unveils a custom chip for OpenAI as it challenges Nvidia’s dominance

The custom chip is designed to support the ChatGPT maker’s future AI models and products.

Anthropic accuses Alibaba of campaign to 'brazenly' and 'illicitly' extract AI capabilities

The letter, which was obtained by CNBC, claims Alibaba carried out "the largest known distillation attack on Anthropic to date."

This solar stock is surging on the heels of a new Tesla deal

Sunrun, a provider of home battery storage, is working with Tesla to meet the energy needs of AI data centers.

With no team in World Cup, China fans root for Ronaldo, Messi … and a referee

On a sunny day in Brooklyn’s Dumbo neighbourhood, punters piled into the fifth floor of Time Out Market to Portugal House – part food court, part bar, full-blown World Cup party. The room was awash with Portuguese team jerseys, filled with fans sipping cold beer and soft drinks, proudly singing Portugal’s national anthem before their match against DR Congo. “Hopefully, one day I can sing the Chinese national song in a World Cup stadium,” said Zhai Yibo, a 20-year-old Chinese student studying in.

How Iran Plans to Consolidate Its Victory

At The Wall Street Journal, Reuel Marc Gerecht and Ray Takeyh examine the implications of the US-Iran memorandum of understanding. The deal “sets the stage for an eventual nuclear revival” on the part of Iran, they argue, “since what’s been blown up can be rebuilt as long as enough oil flows, the regime’s illicit dual-use import network remains operational, and US and Israeli intelligence fails against Iranian vigilance.” After demonstrating a bold willingness to cross “lines that previous presi

Heat is on for Cool Japan Fund as losses mount

Analysis: China's pressure revives ancient Japanese sense of crisis

Japan defense forces used USB drives with China-linked virus: Nikkei investigation

Qualcomm unveils data center chip to counter Nvidia GPU and HBM

Top-grade A5 wagyu accounts for over 75% of Japan's market, driving exports

How do you explain to people investing does not equal greed

I live frugally. Small home, 23yr old car, etc. I don't need much. Growing up in a war-torn 3rd world country selling fruit out of a wooden cart earning just over a dollar a day, extreme poverty doesn't scare me like everyone else. ​ What does scare me is how distant loved ones have become since I started accumulating wealth. They think I've become Scrooge McDuck reincarnated. ​ ​ Immigrated to the u.s, got a degree, good job, and started investing aggressively at 23. Why? Because I had nothing

Artificial intelligence: Qualcomm wins Microsoft and Meta as customers for new AI chips

The US group has been trying for some time to enter the rapidly growing market for AI chips in data centers. Now two tech heavyweights are among the buyers of the new chips.

White House requests $87.6 billion supplemental spending for Iran war, farm aid

Why Wet Coffee Grounds Might Be The Next Waste-To-Energy Goldmine

A team of researchers at the Korea Institute of Geoscience and Mineral Resources (KIGAM) have just found a way to make biochar production faster and cheaper. The new method solves a major challenge in standard biochar production processes and potentially unlocks a recycling stream that can divert millions of tons of waste away from landfill annually and turn it into a productive energy source at a time when new energy alternatives are needed more urgently than ever before. Biochar is essentially

JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test

The announcements followed the release of the Federal Reserve's annual stress test, which found that all 32 large banks weathered a hypothetical recession.

Micron stock jumps 16% as soaring prices from memory crunch lead to quadrupling of revenue

Micron's quarterly earnings report follows a 700% surge in the memory maker's stock price over the past year.

Identity theft victims face 'unconscionable' IRS delays, report says

Victims currently face wait times of almost two years to resolve their cases, according to the National Taxpayer Advocate.

Could the U.S. join Germany in raising its retirement age?

Germany may gradually raise its retirement age to 70 by 2092 — but such a move would fix only part of Social Security’s funding gap.

Federal Reserve: US Federal Reserve – Banks pass stress test without any problems

During the annual stress test, a crisis scenario with a global recession was played out. The result shows that 32 of the leading US financial institutions are well positioned.

Retail investors think tech stocks are overvalued. They’re buying anyway — here’s why.

Retail investors ranked technology as the most overvalued of the 11 stock market sectors

Qualcomm stock pops 15% after chipmaker almost doubles projection for 2029 non-handset revenue

Qualcomm's primary business has been smartphones, which accounted for two-thirds of the company's product revenue in it's most recent quarter.

Meet the World Cup fans shelling out thousands for once-in-a-lifetime trips — and some don’t even have tickets to games

Soccer has ‘cult-like status,’ and World Cup visitors are going to great lengths to afford their trips to the U.S.

These hidden PCE triggers could force a Fed rate hike — and shock the market

The PCE inflation report will either calm Wall Street or ignite fears of a restrictive Fed.

Technology: AI boom gives Micron a strong outlook – shares rise

The US semiconductor manufacturer expects sales of $50 billion for the fourth quarter. However, the focus is also on an announcement from the largest competitor.

Tech: AI boom gives Micron a strong outlook – shares rise

Micron expects sales of $50 billion for the fourth quarter. Shareholders celebrate the figures after trading.

Business ticker: Oil prices fall to their lowest level since the start of the Iran war

Brent and WTI are falling significantly +++ Rheinmetall share price falls by 17 percent +++ Ifo index rises after Iran agreement +++ News in the company live blog.

Unusual Machines might be one of the interesting ways to play the drone buildout if this theme is real

I’ve been spending some time looking at and following UMAC and I think if the US is actually serious about building a domestic drone supply chain, this thing is at least worth paying attention to. What makes it interesting to me is that UMAC isn’t trying to be the next giant prime contractor. It’s more of a picks-and-shovels bet on the drone side. Motors, flight controllers, FPV systems, batteries, components, basically the stuff that actually has to exist if the US wants more NDAA-compliant dro

Booking reluctance: Holidaymakers are still being sought at the start of the holidays

Because of the Iran war, new bookings have plummeted. At the start of the summer holidays, the TUI Group is relying on last-minute people. Vacation researchers fear that vacation funds are empty in many places.

Germany nixes multi-billion-dollar F126 frigate program, opts for MEKOs instead

Germany wants to purchase eight MEKO frigates to conduct anti-submarine warfare and satisfy NATO requirements instead.

A SpaceX ‘investment coma’ is driving this major space ETF toward its worst month in 6 years

Investors are seeing “the reality now of owning a very volatile space stock.”