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Inflation rose 3.1% in November, its highest since May 2024, causing concerns about the central bank's easing cycle. Core CPI remained stubborn at 3.0%.
Blue Owl Capital's decision to step away from financing an Oracle-backed (NYSE: ORCL) AI data center has become a fresh flashpoint for investors already on edge about the financial architecture behind the AI infrastructure boom.
Meta Platforms Inc.'s (NASDAQ: META) outgoing AI chief, Yann LeCun is reportedly in discussions to secure €500 million ($560 million) in funding for his new AI startup, which will value the company at about €3 billion ($3.4 billion).
InfraBridge, a subsidiary of DigitalBridge, has agreed to sell majority control of Leeds Bradford and Newcastle airports. Current team will continue operations.
Bitcoin is holding firm near $87,000 as traders stay cautious ahead of the Bank of Japan interest rate decision; liquidations stand at $545.09 million over the past 24 hours. Bitcoin ETFs saw $457.3 million in net inflows on Wednesday, while Ethereum ETFs reported $22.4 million in net outflows. BTC Has Survived Much Worse
In response to Japan's Mobile Software Competition Act (MSCA), Apple Inc. (NASDAQ: AAPL) and Google-parent Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) have announced significant changes.
Google is partnering with Meta to make its own AI chips easier to use, aiming to reduce reliance on Nvidia as competition in the AI chip market intensifies.
Shares of Instacart Inc. (NYSE: CART) declined 6.64% in pre-market trading on Thursday, after a report that the Federal Trade Commission (FTC) is launching a probe into its AI-based pricing tool.
Joby Aviation Inc. (NYSE: JOBY) unveiled plans on Wednesday to double its manufacturing capacity in the United States, in a move that will support the production of four aircraft per month over the next two years.
Vivakor shares jumped 41% in after-hours trading following news of regulatory and financial developments, though the stock remains near its 52-week low.
Activist investor Elliott Investment Management has reportedly acquired an over $1 billion stake in Lululemon Athletica (NASDAQ: LULU) and is proposing a new CEO to help the company recover from its recent struggles.
Investor and entrepreneur Harvey Jones, who has served on NVIDIA Corp.'s (NASDAQ: NVDA) board since it was founded in 1992, has just sold a significant chunk of his holdings in the company.
President Trump meets with lawyer Alan Dershowitz to discuss a draft book exploring a third presidential term. Experts and donors debate the possibility.
A union-backed investment group is pressuring Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOG) and Walmart Inc. (NASDAQ: WMT) to disclose how new immigration policies under President Donald Trump could disrupt their operations and long-term value.
Elon Musk and Sen. Bernie Sanders clashed publicly after Sanders called for a moratorium on new AI data centers over job losses and power use, prompting Musk to dismiss the proposal as cowardly while Sanders fired back that AI should serve workers, not billionaires.
Sen. Murphy slams US strikes in Caribbean & Eastern Pacific, citing lack of legal authorization & national security rationale. Waste of taxpayer money.
