The world of data centers is undergoing a massive transformation, moving from a corporate expense to a primary engine for economic growth. Frank Holmes, the Executive Chairman of HIVE Digital Technologies, believes this "paradigm shift" is redefining how countries and companies view digital ...
The world of data centers is undergoing a massive transformation, moving from a corporate expense to a primary engine for economic growth. Frank Holmes, the Executive Chairman of HIVE Digital Technologies, believes this "paradigm shift" is redefining how countries and companies view digital ...
Japan could get a boost in its push for a next-generation fighter jet if Canada joins a multinational consortium backing the aircraft’s development, as Tokyo aims to narrow the gap with China’s fast-modernising air force. The Canadian government said it intended to take part in the Global Combat Air Programme (GCAP), currently involving Japan, the United Kingdom and Italy, the Asahi newspaper repo...
Japan could get a boost in its push for a next-generation fighter jet if Canada joins a multinational consortium backing the aircraft’s development, as Tokyo aims to narrow the gap with China’s fast-modernising air force. The Canadian government said it intended to take part in the Global Combat Air Programme (GCAP), currently involving Japan, the United Kingdom and Italy, the Asahi newspaper reported on Tuesday. Japan is planning to replace its ageing F-2 fleet with a sixth-generation stealth...
A striking phenomenon is emerging from China as the Middle East conflict presses on: technically skilled civilians are volunteering their expertise online to help Iran counter US military might, without seeking payment or official backing. The trend was vividly illustrated on March 14, when a detailed tutorial on taking down America’s F-35 appeared on Chinese social media and went viral. Created b...
A striking phenomenon is emerging from China as the Middle East conflict presses on: technically skilled civilians are volunteering their expertise online to help Iran counter US military might, without seeking payment or official backing. The trend was vividly illustrated on March 14, when a detailed tutorial on taking down America’s F-35 appeared on Chinese social media and went viral. Created by the account “Laohu Talks World” and subtitled in Persian, the video meticulously explained how...
In this article GSAT AMZN Follow your favorite stocks CREATE FREE ACCOUNT Globalstar Chairman and CEO Jay Monroe rings the opening bell at the New York Stock Exchange, April 21, 2014. Brendan McDermid | Reuters Shares of Globalstar jumped more than 15% in extended trading on Wednesday after the Financial Times reported Amazon is in talks to acquire the satellite communications company, citing peop...
In this article GSAT AMZN Follow your favorite stocks CREATE FREE ACCOUNT Globalstar Chairman and CEO Jay Monroe rings the opening bell at the New York Stock Exchange, April 21, 2014. Brendan McDermid | Reuters Shares of Globalstar jumped more than 15% in extended trading on Wednesday after the Financial Times reported Amazon is in talks to acquire the satellite communications company, citing people familiar with the matter. The companies were still negotiating over some of the complexities of a deal following lengthy talks, the Times reported. One of the complicating factors is that Apple took a 20% stake in Globalstar in 2024, according to the FT, as part of a $1.5 billion investment to boost the company's constellation and ground infrastructure. Amazon declined to comment. Representatives from Globalstar didn't immediately respond to a request for comment. A deal with Globalstar could bolster Amazon Leo , the company's nascent internet-from-space service. Amazon has launched about 200 satellites in low Earth orbit since last April , and it's aiming to roll out commercial service later this year. The company intends to build out a constellation of roughly 7,700 satellites , though it has faced delays in its satellite deployment milestones. Amazon in January asked the Federal Communications Commission for more time to meet a deadline that requires it to launch roughly 1,600 satellites by July 2026. Amazon is vying to compete with SpaceX's Starlink , which has a significant head start with more than 10,000 satellites in orbit and over 9 million users. Bloomberg reported last October that Globalstar was exploring a potential sale and held early discussions with Elon Musk's SpaceX. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
SlavkoSereda/iStock via Getty Images Crude oil futures closed lower in a volatile session Wednesday ahead of President Trump’s televised address on the Iran war at 9 p.m. ET. Trump has signaled he wants to end the conflict in 2-3 weeks, even as the vital Strait of Hormuz chokepoint remains largely closed to shipping. Trump posted earlier Wednesday that Iran's president has asked the U.S. for a cea...
SlavkoSereda/iStock via Getty Images Crude oil futures closed lower in a volatile session Wednesday ahead of President Trump’s televised address on the Iran war at 9 p.m. ET. Trump has signaled he wants to end the conflict in 2-3 weeks, even as the vital Strait of Hormuz chokepoint remains largely closed to shipping. Trump posted earlier Wednesday that Iran's president has asked the U.S. for a ceasefire, which he would consider only after the strait is no longer blocked , and Iranian state media said the foreign ministry called the statement false. Market participants are betting the president would not allow oil supply disruptions caused by the war to extend into mid-May, when U.S. gasoline demand is typically at its strongest, SEB analysts said in a note. "The risk to U.S. gasoline prices, consumer sentiment, and ultimately the November midterm elections makes a prolonged conflict politically costly," SEB said. This week, U.S. gasoline prices rose above $4/gal on average for the first time in more than three years. Analysts believe energy flows through the Strait of Hormuz would be slow to return to pre-war levels even if a ceasefire is announced. "Odds appear to lean in the direction of a U.S. Iranian war exit but... the status of the Strait of Hormuz remains highly uncertain and much deserving of some geo-risk premium even if global oil supplies slowly begin to loosen," Ritterbusch and Associates said in a note. OPEC said crude oil production of its members plunged by 7.5M bbl/ day in March from the previous month, as producers were forced to cut output because storage is full. Front-month Nymex crude ( CL1:COM ) for May delivery closed down 1.2% to $100.12/bbl, and has dipped below $99 after hours, while front-month Brent crude ( CO1:COM ) for June delivery finished down 2.7% to $101.16/bbl. U.S. natural gas futures ( NG1:COM ) fell for a third straight session, with the front-month Nymex May contract closing down 2.2% to $2.819/MMBtu, its lowest settlem...
A leveraged fund targeting SK Hynix Inc. has drawn the most inflows among its peers this year, highlighting persistent bets on the South Korean AI chipmaker’s fortunes following a steep selloff. The Hong Kong‑listed CSOP SK Hynix Daily 2x Leveraged ETF , a single-stock exchange-traded fund that seeks to deliver two times the shares’ daily performance, has attracted nearly $1.6 billion in fresh dem...
A leveraged fund targeting SK Hynix Inc. has drawn the most inflows among its peers this year, highlighting persistent bets on the South Korean AI chipmaker’s fortunes following a steep selloff. The Hong Kong‑listed CSOP SK Hynix Daily 2x Leveraged ETF , a single-stock exchange-traded fund that seeks to deliver two times the shares’ daily performance, has attracted nearly $1.6 billion in fresh demand in 2026, surpassing products tied to US tech heavyweights such as Tesla Inc. and Microsoft Corp. Inflows have accelerated since the Iran war triggered sharp swings in SK Hynix, suggesting robust appetite among retail investors that favor such leveraged trading tools. The wagers also signal enduring optimism about the chipmaker’s pivotal role in the AI supply chain. “Investor enthusiasm for SK Hynix appears driven by its valuation edge, with a lower PE multiple making it look cheaper than US memory peers,” said Gary Tan , a fund manager at Allspring Global Investments. “As a global memory leader, that relative positioning has fueled strong inflows into these leveraged ETFs even amid geopolitical tensions.” SK Hynix, which produces advanced high-bandwidth memory chips used in AI processors, is trading at 4.4 times forward earnings, versus 18 times for the Philadelphia Stock Exchange Semiconductor Index. The crowded trade in chipmaker stocks has whipsawed in recent months, initially plagued by concerns over excessive spending plans and stretched valuations. Then came the Middle East conflict, which triggered a rout due to concerns over surging energy costs and higher interest rates, while Google’s TurboQuant technique added further pressure as the development may reduce demand for certain types of storage. Read More: Leveraged Bets on SK Hynix, Samsung Seen Shaking Korea’s Market The ETF’s assets have swollen to $2.5 billion since its October launch. In a sign of the product’s growing popularity, Korean money managers are reportedly on track to launch the country’s first l...