Tag: Breaking News: Technology
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Trump admin eases export controls for UAE; Warren blasts ‘corrupt’ provision
The Commerce Department will favorably review exports involving MGX, which used a stablecoin linked to President Trump’s family for a $2B Binance investment.
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Meta stock got the 18% pop Jim Cramer said it could on cloud news. What’s next?
Investors are also celebrating Meta’s launch Thursday of Muse Spark 1.1.
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OpenAI power consolidates under co-founder Greg Brockman ahead of prospective IPO
With Fidji Simo’s official departure from OpenAI due to a chronic medical issue, Greg Brockman’s role has become clearer.
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Senate Democrats want hearings on Trump’s crypto holdings and foreign investors
Democratic Senators cited $1.4 billion in Trump family crypto income, unidentified investors, and a reported UAE-backed stake in World Liberty Financial.
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Air taxi company Beta wraps first test flights in U.S. government’s pilot program
Beta is one of several electric air taxi makers racing to secure Federal Aviation Administration certification and start flying passengers commercially.
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Meta’s stock heads for best week since early 2024 as optimism builds around AI strategy
Meta released two AI models this week as part of its new Muse Spark family, under the leadership of Alexandr Wang.
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Elon Musk postpones first TV interview since SpaceX went public: Live updates
Elon Musk’s space and AI company SpaceX began trading on June 12 in a historic IPO that raised $85.7 billion.
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SK Hynix stock set for Nasdaq debut, opening the trillion-dollar chip giant to U.S. investors
SK Hynix has soared to a trillion-dollar market cap by serving some of the biggest names in technology, including Nvidia and Apple.
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Key chip stock index flashing ‘ominous signals,’ says BTIG
A fluttering after a big positive run could mean a major pullback is coming, Jonathan Krinsky, the firm’s chief market technician, wrote Thursday.
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Why the stock market and economy may seem out of sync
The stock market has boomed on AI euphoria, while the trajectory of the U.S. economy has been more tepid, economists said.
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