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Wall Street ends mixed as investors focus on tech earnings
Wall Street closed mixed as investors focus on upcoming tech earnings from Microsoft, Amazon, Meta, and Apple amid concerns over oil prices and Fed rate hikes.
Nvidia in talks with OpenAI to guarantee $250B billion financing for data center, WSJ reports
Nvidia is negotiating to guarantee $250 billion in financing for OpenAI's massive data center project in southern Ohio, supporting AI infrastructure growth.
Chipmaker CXMT vaults to top of China’s valuation with 466% surge in Shanghai debut
Chipmaker CXMT surged 466% in its Shanghai debut, becoming China's most valuable listed company and highlighting Beijing's push for chip self-sufficiency.
Amazon’s Leo proposes satellite constellation for direct-to-phone service
Amazon Leo proposes a constellation of 5,105 satellites to provide direct-to-device voice and data connectivity, expanding satellite services beyond broadband.
Trump economy at 18 months is a tale of shocks, resilience, and signs of stalled progress
The trump economy at 18 months features policy shocks, stalled job growth, inflation pressures, and resilient consumer spending amid middle east tensions.
Nasdaq lags on angst over AI spending ahead of earnings reports
The Nasdaq fell as investors worried about rising AI capital spending ahead of earnings from Microsoft, Amazon, Meta, and Apple.
US small businesses file lawsuit challenging Trump’s new ‘forced labor’ tariffs
NEW YORK, July 24 (Reuters) – Two U.S. small businesses on Friday challenged President Donald Trump’s latest round of tariffs on goods from 60 trading partners, saying that the new policy, like most of Trump’s previous tariffs, went beyond the president’s authority to tax imports. The lawsuit, filed in the U.S. Court of International Trade in New York, argues[...]
Oil retreats from above $100, still set for weekly rise on Middle East escalation
Oil prices fell over 3% but remain on track for weekly gains amid Middle East tensions and disruptions in the Red Sea affecting energy flows.
Verizon signs deal with Google worth over $1B
July 24 (Reuters) – Verizon CEO Dan Schulman said on Friday the company has secured a deal with Google, valued at more than $1 billion, to provide dark fiber connectivity for the search engine giant’s data centers. “We have other deals that we expect to announce by year end that taken together are expected to […]
Trump imposes new global tariffs, drawing protests from trading partners
WASHINGTON, July 24 (Reuters) – The United States on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the EU and China, alleging those countries failed to curb imports made by forced labor, just as a temporary 10% global tariff expired. The move is the White House’s first step […]
