HEFEI, China (AP) — Volkswagen is making a major bet in China, the largest and one of the most cutthroat auto markets in the world. The question is whether it will work. The German carmaker, which once dominated the market with a more than 50% share, has invested 3 billion euros ($3.5 billion) in a…
BANGKOK (AP) — Asian shares tumbled on Tuesday, with benchmarks in Tokyo and Seoul sinking more than 3%, after Nvidia and other artificial-intelligence -related shares pulled U.S. stocks lower. U.S. futures dropped, with the contract for the S&P 500 down 0.6% while the future for the Dow Jones Industrial Average was down 0.4%. Computer chip…
NEW YORK (AP) — U.S. stocks drifted around their records in a mixed day of trading Wednesday. The S&P 500 added 0.1% and neared its all-time high set a couple weeks ago. The Dow Jones Industrial Average jumped 327 points, or 0.7%, to set a record for the second straight day, while the Nasdaq composite…
NEW YORK — The CFDA Fashion Awards were full of surprises. Those surprises included Rihanna popping up and Mary-Kate and Ashley Olsen appearing Monday night at the American Museum of Natural History. Where the first Monday in May is designated for the star-studded Met Gala, this year’s first Monday in November was dedicated to the…
Starlink is SpaceX’s lucrative satellite internet business capable of reaching rural areas and other regions that have traditionally been underserved. SpaceX’s workhorse Falcon 9 rocket regularly deploys Starlink satellites into orbit from Florida at NASA’s Kennedy Space Center and Cape Canaveral Space Force Station. Five years after Starlink first became operational, 7 million people in…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended selling TeraWulf Inc. (NASDAQ:WULF) and Super Micro Computer, Inc. (NASDAQ:SMCI). This month, TeraWulf announced the pricing of $3.2 billion of senior secured notes, while JPMorgan analyst Samik Chatterjee rated…
To mark the five-year milestone, Starlink recently shared a promotional video on social media site X, which SpaceX CEO Elon Musk owns. SpaceX’s Falcon 9 launched on its first Starlink satellite mission in 2019, and continues to regularly add to the growing constellation with missions from Florida and California. Starlink has grown into a constellation…
Over the last year, a good number of insiders have significantly increased their holdings in OmniAb, Inc. (NASDAQ:OABI). This is encouraging because it indicates that insiders are more optimistic about the company’s prospects. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing,…
News Summary: The announcement represents a significant step towards advancing secure AI infrastructure across UAE, aligned with the US-UAE AI Acceleration Partnership. Cisco will power, connect, and secure a large-scale AI cluster deployed by G42, featuring AMD’s advanced MI350X GPUs. The collaboration further embeds trusted US technology partners into G42’s AI infrastructure roadmap. SAN JOSE, Calif.,…
TOKYO (AP) — Asian shares were mixed on Tuesday, with Chinese markets gaining as investors watch to see what might come of a planned meeting between President Donald Trump and China’s top leader. Hong Kong’s Hang Seng edged 0.1% higher to 26,451.08 and the Shanghai Composite index gained 0.2% to 4,005.44, its highest level in…