Author: Daniel snow
FILE PHOTO: Jason Droege speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 22, 2019.Mike Blake | ReutersScale AI plans to promote Chief Strategy Officer Jason Droege to serve as its new CEO, with founder Alexandr Wang heading to Meta as part of a multibillion-dollar deal with the company, CNBC has confirmed.Meta is finalizing a $14 billion investment into artificial intelligence startup Scale AI, CNBC reported earlier this week. Wang will help lead a new AI research lab at Meta and will be joined by some of his colleagues. The New York Times was first to report about the…
Oil futures shot higher and U.S. stock-market futures sank Thursday evening on reports that Israel was attacking sites in Iran. Source link
A famous mural that depicts the flag of the United States of America with bombs and skulls and reads “Down with the U.S.A.” in central Tehran, Iran, on March 31, 2025. Alireza | Middle East Images | AFP | Getty ImagesIsrael’s defense minister announced a ‘special situation’ after Israel attacked Iran.Defense Minister Israel Katz declared a special state of emergency in the home front throughout the entire State of Israel, NBC News and the Associated Press reported:”Following the State of Israel’s preemptive strike against Iran, a missile and drone attack against the State of Israel and its civilian population is expected in…
Investors are bullish on memory stocks like Micron as the ramp of Nvidia’s Blackwell AI chips helps demand for high-bandwidth memory chips, one analyst says Source link
The retailer reported a surprise adjusted profit during the first quarter, kept its full-year outlook and said it was moving more furniture production out of China. Source link
Admitting that you need help with your business could be music to the ears of Navin Goyal and the LOUD Collective. Source link
Walmart’s stock has suffered its longest losing streak in seven years, but the technical outlook remains bullish as it remains well above a key long-term trend tracker. Source link
A view shows the wreckage of an Air India aircraft, bound for London’s Gatwick Airport, which crashed during take-off from an airport in Ahmedabad, India June 12, 2025. Adnan Abidi | ReutersAn Air India plane that was bound for London and carrying 242 people crashed seconds after takeoff in western India on Thursday, killing all but one person on board the Boeing 787 Dreamliner.It marked the first crash of a Boeing 787 Dreamliner and was the deadliest plane crash in years.Here’s what to know:What kind of plane was it?The aircraft was a Boeing 787-8 Dreamliner. It is a popular twin-aisle…
After helping to power the U.S. stock market’s historic recovery from April’s tariff-induced selloff, many of the momentum names popular with individual investors are showing signs of exhaustion. Source link
If you’re shopping for a new car, you might want to act now before tariffs push prices higher.That’s because sticker prices are still hovering near pre-tariff levels, in part because many models on dealer lots were built before the new rules took effect.”There’s a lot of uncertainty, but retail prices are holding pretty steady,” says Mark Schirmer, a spokesperson for Cox Automotive. In May, the average transaction price for a new vehicle was $48,799, virtually unchanged from April, according to Cox’s data.”We’re not quite seeing the full impact of the tariffs yet,” says Joseph Yoon, consumer insights analyst at Edmunds.…