What’s Going On With Biden’s Chips Act Beneficiary Micron Tech Stock Tuesday?
MU trading lower after raising 2024 capex to $8B. COO predicts multibillion-dollar business in HBM by 2025. Micron expands workforce initiatives.
AMD Unveils Cost-Effective EPYC 4004 Series CPUs For Small Businesses and IT Providers
AMD releases new EPYC 4004 Series CPUs targeting price-sensitive buyers, expected to boost market share & pose competition to Nvidia.
What’s Going On With Mining Giant BHP Stock Tuesday?
BHP Group hits a three-month high ahead of the Anglo bid deadline, amid positive market sentiments and speculation on acquisition discipline.
Shell Shareholders Reject Activist Climate Resolution: Details
Shell PLC (NYSE:SHEL) shareholders rejected a climate resolution by activist group Follow This, which aimed to align Shell's carbon targets with the Paris Agreement. Supported by investors managing $4 trillion, the proposal received 18.6% backing, down from last year's 20%. CEO Wael Sawan viewed the result as a vote of confidence in Shell's energy transition strategy, despite ongoing scrutiny and a significant legal challenge from a 2021 Dutch court ruling.
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Apple Vs. Spotify: iPhone Maker Fights $1.95B EU Fine Over App Store Practices
Apple Inc (AAPL) is fighting a $1.95 billion fine from the EU for antitrust violations against Spotify (SPOT). The company has filed an appeal with the General Court in Luxembourg.
Why Is VinFast Stock Falling Today?
VinFast shares plummet as US regulator probes VF8 crash, coupled with a rental dispute and alleged patent violations, sparking over 10% decline.
AI Startup Scale Secures $1B From Investors Including AMD, Amazon & Meta, Doubling Valuation To $13.8B
Scale AI Inc. has nearly doubled its valuation to $13.8 billion after securing $1 billion in new funding, making it a major player in the AI sector. Led by Accel, the funding round saw contributions from Amazon, Meta, AMD, ServiceNow, and Intel. Founded in 2016, Scale AI specializes in data labeling and collaborates with top firms like OpenAI, Microsoft, and the U.S. government.
Why Are Chinese Stocks Including Baidu, JD And Others Trading Lower Tuesday?
Bearish bets against BlackRock Inc's iShares China Large-Cap Exchange Traded Fund have reached their highest since October 2020.
Ford Endorses Biden’s Emission Rules Even As Republicans Oppose: Report
Ford Motor supports the Biden administration's plan to cut vehicle emissions by 50% from 2027 to 2032. This move contrasts with Republican claims that the regulations harm businesses. The initiative, endorsed by the EPA, promotes long-term regulatory stability and aligns with President Biden's climate change agenda.
Nvidia’s Leading Position Challenged as Industry Giants Support OpenAI’s New Developer Software
NVDA facing competition from rivals like Intel, AMD, Qualcomm, Meta, Microsoft, and Google in AI hardware as they develop software to rival Nvidia's Cuda platform.