Business news

Business news • Jul 15

SpaceX share price drops below stock market debut

Share trading in Elon Musk's rocket company has been volatile since it went public a month ago.

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Business news • Jul 15

CXMT, China’s Chip Champion, to Raise Billions in Race for A.I. Control

CXMT, a linchpin in China's drive to develop homegrown artificial intelligence technology, is aiming to raise nearly $10 billion in a blockbuster public...

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Business news • Jul 15

SpaceX falls to $135 IPO price ahead of Starship launch

SpaceX's shares fell to just above $135 on Wednesday, the price that CEO Elon Musk and his company chose ahead of its blockbuster June 12 IPO that raked in...

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Business news • Jul 15

Thinking Machines Lab Drops Its First Model

Inkling, a 975-billion-parameter open source model, was trained to understand video and audio. It could help Thinking Machines establish itself among...

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Business news • Jul 15

House Advances Bill That Would Settle Penny Issue

If lawmakers get their way, your cash total could soon be a little clearer-cut. The House on Tuesday approved the Common Cents Act , which would formally...

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Business news • Jul 15

China’s Economy Grows at Slowest Pace in Years

China's economy last quarter grew at the slowest rate in three years, reflecting a broader slump that the country's leaders signaled earlier this year when...

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Business news • Jul 15

Google’s biggest clean power project is 40 miles north of xAI’s unpermitted gas power plant

Google said it has made its largest solar power and battery storage purchase to date. The first two phases of the project, located in Arkansas,...

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Business news • Jul 15

Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump

Federal Reserve Chair Kevin Warsh on Wednesday navigated a series of thorny questions from senators on issues such as the impact of AI on inflation,...

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Business news • Jul 15

Lucid’s bankruptcy rumor is a bad sign for the EV future

Lucid denied a report that it was considering bankruptcy, but its stock price was still sent plummeting. And the panic bled over to other EV companies, too.

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Business news • Jul 15

Asian Stocks Fall as Kospi Hit by Selloff in Chips: Markets Wrap

Semiconductor stocks fell across Asia, dragging regional equities lower, as investors became more skeptical that the artificial intelligence-driven rally...

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Business news • Jul 15

Netflix Q2 preview: Engagement growth and advertisement revenue in focus

Netflix Q2 earnings preview: watch engagement trends, ad revenue growth and AI strategy as analysts stay bullish despite price target cuts.

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Business news • Jul 15

Why one airline thinks you’ll pay extra just to keep the middle seat empty

United Airlines is offering the sweet bliss of solitude for a price, betting fliers are interested in a middle ground between business class and coach.

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Business news • Jul 15

Wife describes moment husband nearly sucked out of plane: ‘His head and arm were hanging out’

The woman recalled how she unbuckled her seatbelt and grabbed him with the help of another female passenger.

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Business news • Jul 15

BlackRock outlines vision for crypto-TradFi convergence as product pipeline grows

The firm seeks to offer tokenized long-term investments like "Treasury funds, iShares ETFs, and even private markets."

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Business news • Jul 15

Stock market today: Dow, S&P 500, Nasdaq slip as semiconductor stocks plummet

US stocks trimmed gains on Wednesday as a softer-than-expected wholesale inflation reading, and chip equipment maker ASML's (ASML) bullish outlook on AI...

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Business news • Jul 15

Senators to meet with Trump on crypto bill

Several senators will meet with President Donald Trump at the White House on Thursday afternoon to discuss progress on a sweeping cryptocurrency regulatory...

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Business news • Jul 15

Michael Burry shares the earnings reports he's watching to see if IBM's disastrous quarter is an industrywide problem

Michael Burry says coming tech earnings will reveal whether IBM's disastrous quarter is a company issue or a sector-wide problem.

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Business news • Jul 15

US producer prices post largest drop in 14 months; inflation risks still tilted to the upside

U.S. producer prices unexpectedly fell in June, posting their biggest decline in 14 months amid a pullback in the cost of energy products, further evidence...

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Business news • Jul 15

PJM capacity prices hit price cap, reserve shortfall grows

The outcome demonstrates that the current system doesn't work to bring online new capacity or stimulate demand response, the two things we need the most,”...

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Business news • Jul 15

SpaceX stock sinks below $135 IPO price for the first time

shares fell for a fourth-straight session on Wednesday, briefly dropping below their $135 initial public offering price for the first time as hype around...

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