Amazon shares fall back into a long-term rising channel after failing to hold above key resistance near $278.56. Amazon stock has corrected 19% from its all-time high of $278.56 reached 40 trading days ago, retreating after a failed breakout above a long-term rising channe
Baidu's Hong Kong shares surge 7% on AI unit IPO report Baidu's Hong Kong-listed shares increased by about 7% after reports emerged that its AI chip unit, Kunlunxin, is planning a Hong Kong IPO. The planned IPO is targeting a valuation of about $50B. Kunlun
Honda begins producing batteries for AI data centers at a repurposed Ohio facility originally planned for electric vehicles. Honda Motor has converted its Ohio battery plant, initially designed for electric vehicles, to manufacture batteries for AI data centers. Production
Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities. Subscribe to Newsletters The Peopleâs Bank of China (PBoC) stepped up its economic support on Monday, injecting CNY 157.5 billion through seven-day reverse repos while h
Investors await Tesla’s Q2 delivery figures to gauge if its automotive rebound is sustainable amid a 2025 demand decline. Tesla is expected to report second-quarter vehicle deliveries in early July, a key indicator of demand recovery after a challenging 2025. The year-over
The NASDAQ-listed firm signs a five-year contract with Nvidia for 60 megawatts of AI compute capacity at $11.3 million per megawatt annually. Iren (NASDAQ: IREN) has signed a $3.4 billion five-year agreement with Nvidia (NASDAQ: NVDA) to supply 60 megawatts of AI compute c
S&P 500 futures climb 0.5% as US-Iran attacks halt US stock futures increased following reports of a halt to US-Iranian attacks. Futures linked to the S&P 500 climbed 0.5%, while Nasdaq 100 futures rose 0.6% and Dow Jones contracts inched up 0.3%. The halt in attack
Diplomatic progress and supply concerns lift equities and crude prices ahead of key negotiations. U.S. stock futures advanced in early trading as Washington and Tehran agreed to resume talks, easing fears of escalating conflict. The S&P 500 edged higher, reflecting investo
US equities retreated last week amid persistent Federal Reserve hawkishness and broader market uncertainty. Major US equity indices closed lower for the week, with the Nasdaq 100 declining 4.2% and the S&P 500 losing 2%. The pullback followed signals from the Federal Reser
Wall Street analysts now rate nearly 60% of S&P 500 stocks as Buy, the highest level on record, amid reduced geopolitical risks. Analysts have issued Buy ratings for 59.4% of S&P 500 stocks, the highest proportion on record, according to FactSet data. The shift follows an
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