Tag: Business
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SpaceX IPO, U.S-Iran deal, Bezos on AI and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Tech executives to attend G7 summit as leaders address AI, online safety
PARIS, June 12 : AI executives from Anthropic, OpenAI, Google and Mistral AI are expected to attend next week’s G7 summit, said officials from France, which is crafting an agenda aimed at discussing the world’s crises and broad economic challenges. • Here’s a non-exhaustive list of attendees: Sam Altman (O
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Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows
LONDON, June 12 : Hedge funds sold out of the biggest U.S. tech stocks, and some even added bearish positions, according to data from a JPMorgan note late Thursday, just before SpaceX was set to go public on Friday.Shares in the “Magnificent Seven” – a group that includes some of the biggest tech names on…
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Stocks making the biggest moves premarket: Adobe, Rocket Lab, AMD, Carnival & more
These are the stocks posting the largest moves before the bell.
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Some German firms see AI reducing need for degrees, Ifo says
FRANKFURT, June 12 : Close to 20 per cent of German companies that use artificial intelligence are finding it easy to replace employees with university degrees with AI-enabled staff without a degree, a survey by German economic research institute Ifo showed.• The survey also showed that about 15 per cent of
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Global equity funds draw third weekly inflow as investors buy the dip
June 12 : Global equity funds drew inflows for a third straight week, as investors used a market selloff to add exposure to technology stocks on expectations the AI-driven rally will continue.Investors bought a net $3.32 billion of global equity funds in the week through June 10, compared with $21.12 billion
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Danantara Indonesia unit will not take over contracts in new export plan, meeting minutes show
JAKARTA, June 12 : A unit of Danantara Indonesia assigned to handle strategic commodity exports will not take over existing contracts or customer relationships, according to minutes of a meeting with industry associations seen by Reuters on Friday, easing concerns about potential trade flow disruptions.Invest
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How Musk’s tactics left investors clamoring for SpaceX stock and ignoring risks
NEW YORK, June 12 : In recent years, Elon Musk has been picky about whom he allowed to buy in to SpaceX, the rocket ship company making its highly anticipated stock market debut this week.One investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire entrepreneur
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Canada’s move to rein in AI chatbots, spurred by school shooting, faces doubts over loopholes
OTTAWA, June 12 : Canadian legislation to regulate AI chatbots, introduced this week after national outrage over a school shooting that left nine people dead, has raised doubts among academics and legal experts who warn that loopholes and its lengthy time frame may undermine the effort.Public pressure mounted
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Oil falls to near two-month lows as Trump calls off threatened strikes on Iran
LONDON, June 12 : Oil prices fell over 4 per cent on Friday to their lowest in nearly two months after U.S. President Donald Trump cancelled new strikes on Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.Brent futures were down $3.81, or 4.22 per cent, at
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