Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Opposition to xAI’s supercomputer facility in Memphis, Tennessee, intensified on Wednesday after environmental and civil rights groups filed to appeal a permit that allows the company to…
Dominika Zarzycka | Nurphoto | Getty Images Coinbase unveiled Wednesday an “everything app” designed to bring more people into the crypto economy. The “Base App,” which replaces Coinbase Wallet, will combine wallet, trading and payment functions as well as social media, messaging and support for mini apps – all running on the company’s homegrown public…
My top 10 things to watch Wednesday, July 16 1. Wall Street was pacing for a higher open this morning. Wholesale inflation came in cooler than expected, with the June producer price index showing no change from the prior month. That’s in contrast to yesterday’s consumer price index, which picked up month over month. 2….
My top 10 things to watch Tuesday, July 15 1. The government’s June consumer price index matched estimates with a rise of 0.3% for the month, putting the year-over-year gain at 2.7%. The core rate, excluding food and energy prices, also matched. The S & P 500 was heading for a higher open today after…
(Bloomberg) — Meta Platforms Inc (META). has completed a deal to acquire PlayAI, a small artificial intelligence startup focused on voice technology. Most Read from Bloomberg The “entire PlayAI team” is set to join Meta next week, according to an internal memo that was reviewed by Bloomberg. The PlayAI group will report to Johan Schalkwyk,…
It’s no secret: The Investing Club’s portfolio is rich with high-quality stocks. But a select few, which we’ve designated as “core holdings,” stand out among our 30 positions. During Friday’s Annual Meeting , Jim Cramer and Director of Portfolio Analysis Jeff Marks shared the updated list of our 12 core holdings. These are companies that…
My top 10 things to watch Friday, July 11 1. Wall Street was set to open lower Friday, retreating from Thursday’s record-high closes for the S & P 500 and Nasdaq . Friday’s drop follows President Donald Trump announcing more tariffs. This time it’s 35% levies on Canada, starting on Aug. 1. 2. The tariffs…
It’s all aboard for Microsoft investors as the company rides the next train towards another major win. The news Microsoft will be the next megacap to hit a $4 trillion stock market value, according to Wedbush, which predicts it will happen “this summer.” Larger-scale artificial intelligence deals are accelerating, lead analyst Dan Ives wrote in…
My top 10 things to watch Thursday, July 10 1. Stock futures were little changed as President Donald Trump ramped up the tariffs pressure. The Pentagon, meanwhile, will become the largest shareholder in American rare earth miner MP Materials , via a $400 million investment in preferred stock. Shares surged more than 60% this morning….
Nvidia has shaken off concerns about tariffs and competition to hit a new Wall Street milestone, reinforcing that the artificial intelligence boom is still at the heart of this stock market rally. The chip giant briefly passed $4 trillion in market value on Wednesday, the first company ever to do so, and its shares are…