Oil prices tumbled in Tuesday trading, with Brent crude futures falling 3% and WTI down 3.5% as of 3:15 p.m. ET -- and both flavors of oil suffered even bigger losses earlier in the day. Curiously, ConocoPhillips (NYSE: COP) stock didn't. This oil major started the day off with only about a 2% decline, and remains down about 2.2%. Why? Image source: Getty Images. Continue reading
Oil prices tumbled in Tuesday trading, with Brent crude futures falling 3% and WTI down 3.5% as of 3:15 p.m. ET -- and both flavors of oil suffered even bigger losses earlier in the day. Curiously, ConocoPhillips (NYSE: COP) stock didn't. This oil major started the day off with only about a 2% decline, and remains down about 2.2%. Why? Image source: Getty Images. Continue reading
Mizuho Americas Head of Investment & Corporate Banking Michal Katz discusses the future of artificial intelligence at the Mizuho Technology Conference. She discusses how the adoption of AI can change the landscape of businesses, but also the economies of countries around the world. She speaks with Romaine Bostick on “The Close.” (Source: Bloomberg)
Mizuho Americas Head of Investment & Corporate Banking Michal Katz discusses the future of artificial intelligence at the Mizuho Technology Conference. She discusses how the adoption of AI can change the landscape of businesses, but also the economies of countries around the world. She speaks with Romaine Bostick on “The Close.” (Source: Bloomberg)
Opinions are divided about the new facility in Kenya. The U.S. defends it. Kenyans are protesting it. Doctors who were on the ground in the 2014 Ebola outbreak voice criticism as well. (Image credit: Luis Tato/AFP)
Opinions are divided about the new facility in Kenya. The U.S. defends it. Kenyans are protesting it. Doctors who were on the ground in the 2014 Ebola outbreak voice criticism as well. (Image credit: Luis Tato/AFP)
Justin Sullivan/Getty Images News Apple ( AAPL ) revealed that it plans to extend its Private Cloud Compute beyond Apple's data centers for the first time through a new collaboration with Google ( GOOG )( GOOGL ) and Nvidia ( NVDA ). This allows Apple Intelligence workloads to run on Google Cloud, powered by a combination of Nvidia GPUs, Intel ( INTC ) CPUs with TDX and Google's Titan chips. The a...
Justin Sullivan/Getty Images News Apple ( AAPL ) revealed that it plans to extend its Private Cloud Compute beyond Apple's data centers for the first time through a new collaboration with Google ( GOOG )( GOOGL ) and Nvidia ( NVDA ). This allows Apple Intelligence workloads to run on Google Cloud, powered by a combination of Nvidia GPUs, Intel ( INTC ) CPUs with TDX and Google's Titan chips. The announcement follows Apple's collaboration with Google earlier this year to leverage its Gemini family of models to build the next generation of Apple Foundation Models, which in turn power Apple Intelligence features. Apple unveiled some of those new features during its Worldwide Developers Conference on Monday. Apple contends this new PCC collaboration will maintain the same security standards and requirements that have become a cornerstone of its products. "Originally built exclusively on Apple silicon with our world-class software security technologies, PCC set a new bar for AI privacy in the cloud, and continues to power the most demanding Apple Intelligence features," Apple said in a blog post . "Since then, the wider industry has been working to provide a set of confidential inference primitives that could theoretically be combined to reach the security level of PCC." "However, until today, those primitives have never been integrated into a comprehensive, end-to-end confidential inference pipeline capable of operating at global scale," Apple added. "That's what we've done with PCC on Google Cloud, which incorporates PCC's exceptional security and privacy properties at every stage, including the industry's most comprehensive transparency guarantees that allow external security researchers to verify our privacy commitments." Analysts say deal counts as win for all parties "This partnership reflects the first time Apple has been using Nvidia's chips for many years," said Julian Lin , Investing Group Leader for Best Of Breed Growth Stocks. "This also indicates a clear dif...
Dragon Claws/iStock via Getty Images Energy prices, elevated from the Iran war, will continue to exert upward pressure on the Consumer Price Index in May, while the core CPI number is expected to demonstrate a more measured increase. Economists will plug the fresh CPI data into their models to estimate the May PCE and core PCE measures. Core PCE is the Federal Reserve's preferred measure for gaugi...
Dragon Claws/iStock via Getty Images Energy prices, elevated from the Iran war, will continue to exert upward pressure on the Consumer Price Index in May, while the core CPI number is expected to demonstrate a more measured increase. Economists will plug the fresh CPI data into their models to estimate the May PCE and core PCE measures. Core PCE is the Federal Reserve's preferred measure for gauging underlying inflation. That may shift somewhat as new Fed chairman, Kevin Warsh, has said he prefers the Dallas trimmed mean measure. The CPI is expected to increase 0.5% M/M in May, slowing slightly from the 0.6% increase in April, according to the consensus of economists. The year-over-year comparison is expected to accelerate to 4.2% from 3.8% in the prior month. The Cleveland Fed Inflation Nowcasting model puts May CPI at 0.46% M/M and 4.2% Y/Y, in line with the consensus. Excluding food and energy, which can swing widely from month to month, core CPI is expected to climb 0.3% M/M, a tick slower than the 0.4% advance in April. Y/Y, core CPI is projected to rise 2.9%, a touch hotter than the 2.8% increase in April. The Cleveland Fed model sees core CPI at 0.23% M/M and 2.82% Y/Y, slightly cooler than the consensus estimates. "We are going to see a significant bump in the CPI headline that is expected to bring us up to about 4.2% Y/Y," Dan North, senior economist at Allianz Trade North America, told Seeking Alpha in an interview. "That is, in my mind, a pretty big jump over the past few months." By contrast, February's headline CPI Y/Y increase was 2.4%. "That's a pretty stiff dose of price increases for the consumer to take," he added. "So it's significant but wouldn't be unexpected, but consumers will hate it anyway, of course." For core CPI, North expects the increase to tick up to 2.9%, in line with the consensus, from 2.8% in April and 2.4% in February. Citi economist Veronica Clark estimates the May core CPI increase at 0.22%, slowing from 0.38% in April. Shelter ...
sitox FuelCell Energy ( FCEL ) up 14.7% in Tuesday's trading, a day after reporting a Q2 loss of $1.45/share on revenue of $35.6M , as sales surged 267% Q/Q, driven primarily by the AI and data center boom. The results prompted Canaccord analyst George Gianarikas to upgrade shares to Buy from Hold with a $30 price target, raised from $12, reflecting increased confidence that FuelCell Energy ( FCEL...
sitox FuelCell Energy ( FCEL ) up 14.7% in Tuesday's trading, a day after reporting a Q2 loss of $1.45/share on revenue of $35.6M , as sales surged 267% Q/Q, driven primarily by the AI and data center boom. The results prompted Canaccord analyst George Gianarikas to upgrade shares to Buy from Hold with a $30 price target, raised from $12, reflecting increased confidence that FuelCell Energy ( FCEL ) will announce a significant data center-related contract before the end of its current fiscal year, with the possibility of replicating, on a smaller scale, the success achieved by Bloom Energy in supplying power solutions to the data center market. "We have long felt that leveraging the company's reliable clean power technology for data center customers would represent a meaningful strategic and financial inflection point for FuelCell, noting last quarter that we were tempted to upgrade the stock ahead of a potential announcement," Gianarikas writes. "The exact timing of when this transformative data center deal is coming remains uncertain, with management only saying it expects something to materialize before the end of the fiscal year. However, we now feel there are enough data points to suggest that a landmark announcement is within reach, along with plenty more behind that," the analyst says. More on FuelCell Energy FuelCell Energy's Manufacturing Footprint Isn't Its Greatest Risk FuelCell Energy: The Company That Wants To Become The Next Bloom Energy FuelCell Energy Q2 2026 Earnings Call Presentation
Tesla (NASDAQ:TSLA) CEO Elon Musk dropped a striking claim during a recent conversation with Baron Capital founder Ron Baron, circulated widely after being posted to X by @carm1nee. Musk said he is building a chip that will be “two to three times better than NVIDIA” at 10% of the cost, with a specific focus on ... Elon Musk Says He’s Building a Chip “2 to 3 Times” Better Than NVIDIA at 10% The Cos...
Tesla (NASDAQ:TSLA) CEO Elon Musk dropped a striking claim during a recent conversation with Baron Capital founder Ron Baron, circulated widely after being posted to X by @carm1nee. Musk said he is building a chip that will be “two to three times better than NVIDIA” at 10% of the cost, with a specific focus on ... Elon Musk Says He’s Building a Chip “2 to 3 Times” Better Than NVIDIA at 10% The Cost. Is He Bluffing?
Gina Raimondo, 40th Commerce Secretary joined Bloomberg Businessweek Daily to discuss the AI race, and its labor market impact. She said the US needs to lead the global AI race and that we should prepare all Americans in order to be successful as a nation. (Source: Bloomberg)
Gina Raimondo, 40th Commerce Secretary joined Bloomberg Businessweek Daily to discuss the AI race, and its labor market impact. She said the US needs to lead the global AI race and that we should prepare all Americans in order to be successful as a nation. (Source: Bloomberg)
This cosy medical drama does exactly what it sets out to do – soothe viewers’ souls with a celebration of smalltown values and secret goodness. It’s TV where nothing will distress you Well, what in the cultural cringe is going on here? Of all the things I could possibly have imagined the US would take an interest in to the point of executing a straight-to-series commission, Doc Martin would not ha...
This cosy medical drama does exactly what it sets out to do – soothe viewers’ souls with a celebration of smalltown values and secret goodness. It’s TV where nothing will distress you Well, what in the cultural cringe is going on here? Of all the things I could possibly have imagined the US would take an interest in to the point of executing a straight-to-series commission, Doc Martin would not have been one of them. And yet here we are: Dominic Minghella’s creation, starring Martin Clunes as a crotchety GP in the fictional sleepy Cornish village Portwenn, which ran for 10 series on ITV between 2004 and 2022, has been tweaked for a new market and relabelled Best Medicine because it never really worked as a pun on Dr Martens anyway. Like 99% of puns, actually, but that’s probably a discussion for another time. Clunes is now Josh Charles. The character’s name is Dr Martin Best instead of Ellingham, otherwise the new title wouldn’t work, and he went to Harvard medical school instead of Imperial College London. But he is still cantankerous – by medical teatime drama standards, which is to say that he barely approaches normal human levels of irritability. And he is still a vascular surgeon who developed a fear of blood, had to abandon surgery and decided instead to inflict his lack of bedside manner on the good people of Port Wenn, now two words and in Maine, where he used to stay in the summer as a child. Best Medicine aired on Sky One and is on Now Continue reading...
Banking giant Goldman Sachs (NYSE: GS) is the lead underwriter for the historic SpaceX initial public offering (IPO) happening on June 12, so its main job is to market it and pitch it to institutions. And while many may be focusing on SpaceX's space exploration and Starlink businesses, Goldman Sachs thinks SpaceX's AI segment -- which it acquired through the merger with Elon Musk 's other company,...
Banking giant Goldman Sachs (NYSE: GS) is the lead underwriter for the historic SpaceX initial public offering (IPO) happening on June 12, so its main job is to market it and pitch it to institutions. And while many may be focusing on SpaceX's space exploration and Starlink businesses, Goldman Sachs thinks SpaceX's AI segment -- which it acquired through the merger with Elon Musk 's other company, xAI -- could grow 100-fold by 2030. Image source: Getty Images. Continue reading
Broadcom 's (NASDAQ: AVGO) stock price fell by more than 10% following the company's investor update. *Stock prices used were the afternoon prices of June 7, 2026. The video was published on June 9, 2026. Continue reading
Broadcom 's (NASDAQ: AVGO) stock price fell by more than 10% following the company's investor update. *Stock prices used were the afternoon prices of June 7, 2026. The video was published on June 9, 2026. Continue reading