Alibaba officially launched its first-of-a-kind artificial intelligence-powered glasses in China last Thursday with the debut of its initial smart consumer eyewear. The release of this product represents a paramount achievement for the company in its effort to extend the ecosystem of AI products directed at consumers face-to-face in a scenario where they have to contend … Read more
U.S. stock futures were mostly flat on Tuesday evening, right after a major rally session of the day pushed the essential indexes higher. Dow-related futures went up a bit, while contracts linked to the S&P 500 and Nasdaq were almost unchanged. This limited action is a follow-up to a very volatile session that, in the … Read more
Google is in advanced discussions with Meta over a multibillion-dollar deal that could reshape the balance of power in the global AI infrastructure race. The agreement would bring Google’s Tensor Processing Units (TPUs) into Meta’s data centers by 2027, the first time Meta would deploy the chips at scale inside its own facilities. As early … Read more
Global investors closed out a bruising week with a sense of relief rather than celebration. On Friday, U.S. stocks made a comeback that broke the heavy selling trend from earlier in the week, but the major indexes still closed lower overall. Two events that traders on Wall Street couldn’t digest came in a blow: semiconductor … Read more
The world financial markets are plunging into the new global week nervously after the toughest decline in months. This cocktail of volatile surges, violent rotations out of technology, new convictions about crypto, disrupted economic data, and fiscal unpredictability is leaving investors wondering: What tail is actually wagging the market dog? The turbulence of the past … Read more
Eli Lilly, the world’s first healthcare business to join the exclusive club dominated by tech companies, reached a $1 trillion market valuation on Friday. The historic valuation comes at a time when broader market sentiment has grown increasingly fragile, with investors becoming more reactive to shifts in sector leadership. Eli Lilly Hits $1 Trillion Amid … Read more
Tariffs are still having a devastating effect on the logistics and transportation industries. These tariff-driven distortions come at a moment when China’s expanding influence on global markets is becoming far more visible, as seen in the increased transparency initiatives across its commodities exchanges. Major ports are seeing a sharp decline in imports following records earlier … Read more
Walmart is getting ready to publish its fiscal third-quarter earnings, ahead of the market opening on Thursday, producing possibly the clearest report yet of the state of the American consumer. In the midst of the holiday shopping season, and other key retailers ringing alarms of caution, investors are looking to know whether Walmart can keep … Read more
Global markets extended their losing streak this week as pressure on major artificial intelligence-linked companies dragged indices across Europe, Asia, and the United States. The decline, which has now had steady momentum over a number of successive sessions, has raised a big question in the minds of investors across the globe: Is it just a … Read more
The Dow Jones Industrial Average plummeted on Monday, closing down over 550 points with renewed pressure on the big names in technology taking its toll on Wall Street. First, investors started the closely anticipated week tentatively as Nvidia will release its earnings and new U.S. labor market statistics. Tech Weakness Accelerates as Nvidia’s Earnings Loom … Read more