A fresh wave of trade tension between the U.S. and China rocked Wall Street on midday Wednesday after President Donald Trump hinted at sweeping restrictions on technology exports powered by American software, sending tech stocks into a sudden tailspin. • CRWV is taking a hit from negative sentiment. See the full breakdown here. According to…
On Tuesday, Sen. Bernie Sanders (I-Vt.) criticized Amazon.com, Inc. (NASDAQ:AMZN) founder Jeff Bezos for potentially replacing hundreds of thousands of jobs with robots, while Elon Musk weighed in on AI’s broader impact on the workforce. Sanders Warns About Automation At Amazon On X, formerly Twitter, Sanders wrote, “Big Tech oligarchs are coming for your job….
Elon Musk has hailed his commercial space flight company, SpaceX‘s, dominance in the industry. SpaceX Will Carry 90% Of Earth’s Payload, Says Elon Musk In a post on the social media platform X on Sunday, Musk reiterated SpaceX’s crucial role in the sector. “SpaceX will carry ~90% of the world’s payload mass to space this…
Elon Musk has defended his position as the Tesla Inc. (NASDAQ:TSLA) CEO amid ISS opposition to the new trillion-dollar pay package set for a vote during next month’s shareholder meeting. The ISS, or Institutional Shareholder Services, is a proxy advisory firm that provides advice regarding shareholder votes and is a leading enterprise in the industry….
Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang says the company’s market share in China has collapsed from 95% to zero. Huang Says ‘We Are 100% Out Of China’ Earlier this week, speaking at the Citadel Securities Future of Global Markets 2025 event, Huang said, “At the moment, we are 100% out of China.” He continued, “We…
Anthropic, the artificial intelligence (AI) startup, backed by Alphabet’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google and Amazon.com (NASDAQ:AMZN), is reportedly projecting to more than double and potentially nearly triple its annualized revenue run rate next year. Enterprise Demand Drives The Boom The company is projected to reach its internal goal of a $9 billion annual revenue run rate by the end…
U.S. stock futures declined on Tuesday following Monday’s reversal rally. Futures of major benchmark indices were lower. Leading the charge on Monday, Oracle Corp. (NYSE:ORCL) shares jumped more than 5%, while Nvidia Corp. (NASDAQ:NVDA) gained almost 3%. Broadcom Inc. (NASDAQ:AVGO) soared around 10% after OpenAI pledged a $500-billion investment to co-develop 10 gigawatts of custom…
The past week in the EV industry has been a rollercoaster ride, with significant developments from China to the U.K. The Chinese EV market is grappling with overcapacity and a price war, while Ford has decided to pull back on its EV incentives. Meanwhile, Tesla’s Model S has been recognized as one of the greatest…
Amazon founder Jeff Bezos has shared some words of wisdom for budding entrepreneurs. Bezos advised young business enthusiasts to first gain experience by working in a successful company before setting up their own enterprises. At the Italian Tech Week in Turin last week, Bezos expressed his belief that gaining practical experience in a well-established firm could “increase your odds”…
Microsoft Corp. (NASDAQ:MSFT) co-founder Bill Gates once revisited a long-forgotten childhood memory — the day a rare tornado tore through his quiet Seattle neighborhood, damaging his family home and shocking meteorologists across the Pacific Northwest. Gates Recalls The Rare Seattle Tornado That Hit His Home In a video shared on his YouTube channel earlier this…