Key Points: SoftBank Group is reportedly seeking a massive $10 billion loan from global financial markets. The Japanese conglomerate plans to secure the loan using its highly valuable shares in artificial intelligence giant OpenAI. The proposed financial structure is a...
Key Points: Tesla plans to convert old assembly lines at its Fremont plant to build up to 1 million Optimus robots per year. Gigafactory Texas will eventually house a second-generation production line aiming to build 10 million robots annually. Elon Musk believes the company could make Optimus robots useful outside of Tesla factories sometime next year. Wall Street forecasts predict the global market for humanoid...
Key Points: Samsung unions expect roughly 37,000 workers to attend a rally at the Pyeongtaek chip factory. Union membership recently surged to 90,000, accounting for over 70% of Samsung's South Korean workforce. Workers demand a 7% salary increase and want 15% of operating profits allocated to performance pay. Unions plan an 18-day strike starting May 21 if management refuses to meet their compensation demands. Samsung...
Key Points: IBM shares dropped 6% in after-hours trading following a noticeable slowdown in first-quarter revenue growth. Total revenue increased by 9% to $15.92 billion, missing the faster 12.2% growth seen in the previous quarter. Investors worry that new artificial intelligence tools from rivals like Anthropic will eat into IBM's core software business. The company's infrastructure segment remained strong, growing 15.2% to $3.33 billion, driven...
Key Points: TSMC plans to open a massive new chip packaging plant in Arizona by 2029. The company needs to...
Key Points: The United States and Iran are using opposing naval blockades to gain leverage after peace talks stalled. President...
Key Points: VAST Data reached a massive $30 billion valuation after completing its latest Series F funding round on Wednesday....
Key Points: Spirit Aviation's stock skyrocketed more than 500% after reports surfaced about a potential government bailout. The Trump administration...
Key Points: The European Union plans to overhaul its merger rules for the first time in more than two decades....
Key Points: LG Display plans $745 million investment in OLED infrastructure. Investment aims to boost technological competitiveness. The project will...
Key Points: Trump extends ceasefire with Iran despite faltering peace talks. Strait of Hormuz remains blockaded, impacting global oil flows....
Key Points: United States electric vehicle maker Tesla officially launched a new six-seater version of its highly popular Model Y....
Key Points: Bitcoin reaches an 11-week high, topping $78,400. Trump's extended ceasefire with Iran boosts market confidence. Bitcoin outperforms traditional...
Key Points: The British government announced a massive overhaul of the national energy regulator, Ofgem. Ofgem will gain brand new...
Key Points: Florida Attorney General James Uthmeier launched a criminal probe into OpenAI regarding a deadly shooting at Florida State...
Key Points: Adobe announced a massive share repurchase program worth up to $25 billion running through April 2030. The company's...
Key Points: SpaceX warned investors that its massive plans for space-based AI data centers rely entirely on unproven technologies. The...
Key Points: A London tribunal ruled that Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses....
Key Points: Italy plans to bring its national budget deficit below the European Union's strict 3% ceiling this year. The...
Key Points: President Donald Trump publicly stated he will remember companies that choose not to seek refunds on recently canceled...
Key Points: Intel investors are closely watching how the company handles supply chain issues that limit chip production. The company...
Key Points: Oil prices slipped on hopes Iran will join US talks in Islamabad. Ceasefire expires Wednesday; Trump "highly unlikely"...
Key Points: Britain will announce a new package of measures on Tuesday to accelerate the growth of renewable power. Energy...
Key Points: General Motors recruited new product chief Sterling Anderson with a massive pay package totaling up to $40 million....
Key Points: Tim Cook announced he will officially step down as CEO of Apple on September 1. John Ternus, the...
Key Points: The Federal Aviation Administration officially ordered an investigation into Sunday's Blue Origin New Glenn 3 rocket failure. A...
Key Points: USA Rare Earth will acquire Brazilian miner Serra Verde in a massive cash-and-stock deal valued at exactly $2.8...
Key Points: European Central Bank President Christine Lagarde stated that the economic impact of the war in Iran has not...
Key Points: California's attorney general claims Amazon secretly worked with merchants to force rival retailers to raise their prices. Newly...
Key Points: A new government refund system went live on Monday to help companies recover illegally collected tariffs. The US...
Key Points: Oil and gas prices soared after US Navy seized Iranian ship. Tehran reimposed controls in Strait of Hormuz....
Key Points: Gold prices fell due to renewed Middle East tensions. US Navy seized an Iranian ship; Iran warned about...
Key Points: The European Union will release new guidelines urging member states to buy more jet fuel from the United...
Key Points: SK Hynix officially began mass production of its new 192GB SOCAMM2 memory modules for artificial intelligence servers. Engineers...
Key Points: Sales of fully electric cars in Europe jumped nearly 30% during the first quarter of 2026. High petrol...
Key Points: Energy Secretary Chris Wright expects US gasoline prices to remain at or above $3 per gallon well into...
