eBay Rejects GameStop’s $56 Billion Takeover Proposal as Shares Slide
eBay rejected GameStop’s unsolicited $56 billion takeover proposal, sending GameStop shares lower as investors questioned the feasibility of the deal.
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Trump Travels to Beijing for High-Stakes Summit With Xi Jinping
Donald Trump arrived in Beijing for a two-day summit with Xi Jinping focused on tariffs, semiconductors, AI restrictions, and broader U.S.-China economic relations.
Google and SpaceX Discuss Orbital Data Centers for AI Infrastructure Expansion
Google is reportedly in talks with SpaceX about launching orbital data centers as tech companies explore new ways to expand AI computing infrastructure.
Berkshire Hathaway Cash Pile Hits Record $380 Billion After Continued Stock Sales
Berkshire Hathaway’s cash reserves climbed to a record $380 billion as the company extended its streak of net stock sales to 14 consecutive quarters.
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U.S. Inflation Climbs to 3.8% as Markets Weigh Rising Rate Risks
U.S. inflation accelerated to 3.8% in April, exceeding forecasts and fueling concerns that the Federal Reserve may delay or reverse expected rate cuts.
Cowboy Space Raises $275 Million to Build Rockets for Orbital AI Data Centers
Cowboy Space raised $275 million to develop rockets designed for space-based AI data centers, targeting a rapidly emerging market for orbital computing infrastructure.
Wall Street Bets Amazon Could Reach $3 Trillion Valuation
Wall Street analysts are increasingly optimistic that Amazon could eventually reach a $3 trillion market value as growth in AWS and logistics continues accelerating.
Cerebras Set for Nasdaq IPO as AI Chip Rivalry With Nvidia Intensifies
AI chipmaker Cerebras is expected to debut on Nasdaq on May 14 under the ticker CBRS, positioning itself as an alternative to Nvidia in the AI hardware market.
Akamai Shares Surge 20% After Earnings Beat and $1.8 Billion AI Infrastructure Deal
By
Emma Clarke
Akamai shares jumped 20% after the company reported strong quarterly earnings and announced a $1.8 billion AI infrastructure agreement.
Intel Shares Hit Record High After Reported Apple Chip Manufacturing Deal
Intel shares surged to a record high after reports that Apple may shift part of its chip manufacturing to Intel, increasing pressure on TSMC.
Wall Street Embraces ‘NACHO’ Trade as Oil Shock Bets Intensify
By
Nathan Cole
Traders are increasingly positioning around the so-called 'NACHO' trade, betting disruptions in the Strait of Hormuz and elevated oil prices will persist longer than markets expect.
Sony Forecasts Double-Digit Profit Growth Despite Slower PS5 Sales
By
Emma Clarke
Sony projected double-digit profit growth even as PlayStation 5 hardware sales slowed, supported by strong performance in image sensors and music.
Anthropic Seeks $50 Billion Funding Round at $900 Billion Valuation
Anthropic is reportedly preparing a $50 billion fundraising round at a $900 billion valuation, potentially surpassing OpenAI in private market value.