Tag: Business
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Jim Cramer says tech stocks are losing the qualities that made them the leaders of the rally
CNBC’s Jim Cramer said tech stocks are losing key traits that fueled their leadership since 2023.
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Super Micro stock tumbles on $7 billion financing plans as company touts AI server orders
Super Micro is the latest company tied to the AI boom to announce that it’s tapping the capital markets.
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Dubai is training its private sector in agentic AI – here’s why
Dubai bets on agentic AI, aiming to overhaul half of public services and mobilise the private sector with training, incubators and investment funds.
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Equities fall while oil slips amid uncertain Middle East outlook
NEW YORK/LONDON, June 9 : MSCI’s global equities gauge managed a small gain on Tuesday with little support from Wall Street where heavyweight technology stocks stumbled while investors opted for safer bets, and oil prices settled lower as updates from the Middle East brought little clarity on progress toward peace.
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Musk’s xAI, SpaceX hit with class action over data center ‘nuisance’
WASHINGTON, June 9 : Elon Musk’s xAI and SpaceX have been sued by Mississippi residents who say a power plant fueling nearby data centers is blasting “omnipresent and inescapable” noise that has eroded their health and home values.The lawsuit, made public on Tuesday in federal court in Oxford, Mississi
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US tech shares resume sell-off while oil prices retreat
Global stocks mostly fell Tuesday (Jun 9) as US tech shares faced another round of selling followed recent outsized gains and markets weighed the latest uptick in US-Iran tensions.Oil prices retreated, with
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Super Micro Computer plans to raise $7 billion in equity offerings
June 9 : Super Micro Computer on Tuesday said it plans to raise $7 billion in a series of equity and equity-linked financing transactions as part of its plan to fund the purchase of components to satisfy AI orders.
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GM eyes new battery chemistry to grow AI data center, energy storage business
GM is expanding efforts to capitalize on the expected growth of energy storage and data centers and the development of next-generation sodium-ion batteries.
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The Dip Business Podcast
If you think the economy is boring you’ve been listening to the wrong show. In our weekly podcast The Dip, we’ll help you to connect the dots. Find DW’s The Dip wherever you get your podcasts.
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