JHVEPhoto/iStock Editorial via Getty Images The market is interested after Broadcom ( AVGO ) signed a major $30 billion deal with Apple ( AAPL ) covering custom silicon and wireless connectivity components. The deal will run for 5 years and involve more than 15 billion U.S.-made chips. Broadcom will also expand Fort Collins with $1.5 billion of capex and produce RF components including FBAR filter...
JHVEPhoto/iStock Editorial via Getty Images The market is interested after Broadcom ( AVGO ) signed a major $30 billion deal with Apple ( AAPL ) covering custom silicon and wireless connectivity components. The deal will run for 5 years and involve more than 15 billion U.S.-made chips. Broadcom will also expand Fort Collins with $1.5 billion of capex and produce RF components including FBAR filters. In sheer scale and revenue potential, this is a major deal and the market is right to be excited. However, Broadcom’s more self-defining deal was signed in October last year with OpenAI and involves custom AI accelerators designed by OpenAI and developed and deployed by Broadcom. Deployment will start in the second half of 2026 and complete by end-2029. The OpenAI deal more clearly brings out the difference between Broadcom and Nvidia ( NVDA ) and positions Broadcom in the silicon space. The Apple deal shows Broadcom is a trusted custom silicon partner for some of the world’s most demanding hardware companies. But the more scalable deal is OpenAI, which shows Broadcom’s relevance in AI infrastructure. This is a key difference. Broadcom is not just a cheaper Nvidia. It doesn’t sell a standardized GPU; rather, it is now the custom-silicon partner for mega-customers. These customers want to use their own workloads, their own systems, and more critically, their own economics, and design custom hardware around those. This is Broadcom’s story, not Nvidia’s. Apple Proves Broadcom’s Durability The Apple deal reinforces Broadcom as a valuable partner inside Apple’s supply chain. It is a multiyear deal to design and produce custom silicon and wireless components for a number of Apple products. There’s a domestic (US) manufacturing angle, as well. While this is a major $30B deal, proving Broadcom’s dependability as a supplier of quality engineering, this is still just a connectivity and custom component story. It doesn’t answer a much bigger question: will the future of AI infrastr...
Netflix is thinking about adding always-on channels that would stream specific shows and movies, according to The Wall Street Journal . The move sounds like a Netflix version of always-on services like Pluto TV and Tubi, except the big hook for those is that they're free - because of the ads you have to watch. Netflix has seen success with its ad-supported tier, which is increasingly popular , but...
Netflix is thinking about adding always-on channels that would stream specific shows and movies, according to The Wall Street Journal . The move sounds like a Netflix version of always-on services like Pluto TV and Tubi, except the big hook for those is that they're free - because of the ads you have to watch. Netflix has seen success with its ad-supported tier, which is increasingly popular , but it costs $8.99 per month after a recent price hike . Netflix is also apparently considering selling bundles that would include other streaming services, something else that competitors like Apple TV and Prime Video already offer. The company has bee … Read the full story at The Verge.
At least $1.6 billion worth of Moscow’s diesel, fuel oil and other products has been funneled from Indonesia’s tiny Karimun into major markets across the region.
At least $1.6 billion worth of Moscow’s diesel, fuel oil and other products has been funneled from Indonesia’s tiny Karimun into major markets across the region.
watch now VIDEO 5:14 05:14 How Warsh is reshaping the Fed The Fed A series of task forces designed to bring outside thinking to the Federal Reserve will include the "best minds," Chairman Kevin Warsh said Thursday. For a task force that could be especially consequential for the Fed's management of the economy — on artificial intelligence — those outside minds all seem to lean in the same direction...
watch now VIDEO 5:14 05:14 How Warsh is reshaping the Fed The Fed A series of task forces designed to bring outside thinking to the Federal Reserve will include the "best minds," Chairman Kevin Warsh said Thursday. For a task force that could be especially consequential for the Fed's management of the economy — on artificial intelligence — those outside minds all seem to lean in the same direction. Warsh's AI task force members all appear to believe AI will be a transformative technology, with far-reaching effects on growth and productivity. That lines up with Warsh's own views. He selected the task-force members personally. The AI task force was one of five the Fed rolled out Thursday. Its formal charge is to "assess the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Federal Reserve's policy judgments." It will be led by three external advisors: venture capitalist Marc Andreessen , economist Charles I. Jones, and Xbox CEO Asha Sharma . All have recently spoken or written in sharply positive terms about the effects of AI on the economy. Read more CNBC politics coverage Trump claims to be 'No. 1' on TikTok. What does that mean? What AI companies want for the millions they're spending on elections Platner quits Maine Senate race; Democrats set to pick new nominee The Fed chairman is a longtime proponent of the potentially transformative economic potential of AI. Its adoption is "perhaps as important a change in the economy and business and households that we've had in my adult lifetime," Warsh said in June at his first press conference as chairman. He said in 2025 that he believed advancements in AI would be a reason for the Fed to cut interest rates , because it would help the economy to grow quickly without raising inflation. Venture capitalist Marc Andreessen speaks at the TechCrunch Disrupt conference in San Francisco, Sept. 13, 2016. San Francisco Chronicle/hearst Newspapers Via Getty Images | Hearst Newspape...
Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow, Friday, July 10, including SK Hynix (000660.KS) making its debut on the Nasdaq, Delta Air Lines (DAL) earnings, monthly sales results from Taiwan Semiconductor Manufacturing Co. (TSM), and the pending approval of Congress' housing affordability bill.
Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow, Friday, July 10, including SK Hynix (000660.KS) making its debut on the Nasdaq, Delta Air Lines (DAL) earnings, monthly sales results from Taiwan Semiconductor Manufacturing Co. (TSM), and the pending approval of Congress' housing affordability bill.
Nexchip Semiconductor Corp. is set to begin trading in Hong Kong on Friday after raising $890 million in a share sale, testing investor appetite for Chinese chipmakers after a deluge of offerings in the artificial intelligence industry. The Hefei-based wafer foundry sold 216.2 million shares at HK$32.30 apiece, the maximum offer price. The pricing represents a 57% discount from the closing price o...
Nexchip Semiconductor Corp. is set to begin trading in Hong Kong on Friday after raising $890 million in a share sale, testing investor appetite for Chinese chipmakers after a deluge of offerings in the artificial intelligence industry. The Hefei-based wafer foundry sold 216.2 million shares at HK$32.30 apiece, the maximum offer price. The pricing represents a 57% discount from the closing price of 65.21 yuan for its Shanghai-listed stock on Thursday. Hong Kong equity fundraising has been booming this year, driven by a wave of Chinese technology companies selling shares. First-time offerings have raised more than $30 billion so far in 2026, nearing the 2025 total of $36.8 billion, which was a four-year high, data compiled by Bloomberg show. The Nexchip deal is among the 10 largest first-time offerings in Hong Kong so far this year. Founded in 2015 as a joint venture between government-backed investors in Hefei province and Taiwan’s Powerchip Semiconductor Manufacturing Corp. , Nexchip has grown to become China’s third largest pure-play foundry by revenue, trailing industry giants such as SMIC and Hua Hong in the domestic market, and the ninth-largest globally. The company specializes in manufacturing chips designed by third parties rather than developing its own semiconductors, and focuses on mature-node manufacturing, with foundry services spanning process technologies from 150 nanometers to 40 nanometers. Proceeds from the listing will primarily fund technology upgrades. More than half has been earmarked for research and development and the optimization of a next-generation 22nm platform, while roughly a quarter will be invested in AI-enabled research and manufacturing initiatives. The company also plans to establish an R&D and sales center in Hong Kong. Other high profile names coming to the market include optical transceiver maker Zhongji Innolight Co. , and Baidu Inc. ’s AI chip unit Kunlunxin. For the latest news on equity capital markets activity in the Asia-...
Nvidia (NASDAQ: NVDA) is at the center of a new catalyst as agentic AI moves deeper into enterprise workflows. The bullish thesis is simple: if AI agents become the next major software wave, Nvidia's GB300 Blackwell Ultra could remain a critical foundation. But the value-capture battle is getting more complicated. Stock prices used were the market prices of July 3, 2026. The video was published on...
Nvidia (NASDAQ: NVDA) is at the center of a new catalyst as agentic AI moves deeper into enterprise workflows. The bullish thesis is simple: if AI agents become the next major software wave, Nvidia's GB300 Blackwell Ultra could remain a critical foundation. But the value-capture battle is getting more complicated. Stock prices used were the market prices of July 3, 2026. The video was published on July 8, 2026. Continue reading
BellRing Brands (NYSE: BRBR) was flagged as an outlier of a stock on Thursday by a well-known researcher, but not in a good way. This development obscured what seemed to be an orderly transition to leadership announced by the protein products maker that morning. That trading session saw the company absorb a nearly 8% body blow to its share price. Zacks Investment Research named BellRing its bear o...
BellRing Brands (NYSE: BRBR) was flagged as an outlier of a stock on Thursday by a well-known researcher, but not in a good way. This development obscured what seemed to be an orderly transition to leadership announced by the protein products maker that morning. That trading session saw the company absorb a nearly 8% body blow to its share price. Zacks Investment Research named BellRing its bear of the day, ranking it a strong sell. The crux of the researcher's argument is that the company, maker of the Premier Protein shakes and similar products, hasn't effectively coped with mounting competition over time. Image source: Getty Images. Continue reading
Karen Boone, a director at Rivian Automotive, Inc. (NASDAQ:RIVN) , sold 20,000 shares of Class A Common Stock on July 6, 2026, according to an SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average sale price ($20.00); post-transaction value based on July 6, 2026 market close ($20.14). Rivian Automotive is a vertically integrated electric vehicle manufacturer with TTM revenues ...
Karen Boone, a director at Rivian Automotive, Inc. (NASDAQ:RIVN) , sold 20,000 shares of Class A Common Stock on July 6, 2026, according to an SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average sale price ($20.00); post-transaction value based on July 6, 2026 market close ($20.14). Rivian Automotive is a vertically integrated electric vehicle manufacturer with TTM revenues of $5.5 billion, positioning it as a significant player in the emerging premium EV segment. The company leverages strategic partnerships, particularly with Amazon, to diversify revenue streams across consumer and commercial markets while building manufacturing scale. With 14,861 employees and operations centered in Irvine, California, Rivian is executing a capital-intensive strategy to achieve profitability through volume production and operational efficiency improvements. Continue reading
Two men from the US state of New Jersey have been sentenced this week for their roles in a drug trafficking organisation that imported fentanyl analogues from China, the US Department of Justice said on Thursday. The fentanyl crisis in the United States has killed tens of thousands of people annually in recent years. Washington previously characterised China as the primary source of precursor chem...
Two men from the US state of New Jersey have been sentenced this week for their roles in a drug trafficking organisation that imported fentanyl analogues from China, the US Department of Justice said on Thursday. The fentanyl crisis in the United States has killed tens of thousands of people annually in recent years. Washington previously characterised China as the primary source of precursor chemicals used to manufacture the drug, and Beijing felt unfairly targeted over the crisis. Sean Tighe,...
STORY: U.S. stocks closed higher on Thursday, with the Dow adding more than a quarter of a percent, the S&P 500 climbing more than eight-tenths of a percent and the tech-heavy Nasdaq gaining 1.3% :: Micron Technology Chip stocks rallied, sparked by a 4.5% jump in shares of Micron Technology. The memory chip maker laid out plans to invest more than $250 billion in domestic chip manufacturing throug...
STORY: U.S. stocks closed higher on Thursday, with the Dow adding more than a quarter of a percent, the S&P 500 climbing more than eight-tenths of a percent and the tech-heavy Nasdaq gaining 1.3% :: Micron Technology Chip stocks rallied, sparked by a 4.5% jump in shares of Micron Technology. The memory chip maker laid out plans to invest more than $250 billion in domestic chip manufacturing through 2035 to boost supply amid the AI boom. Micron's peers also joined the rally, with Applied Materials climbing more than 3% and SanDisk surging over 7.5%. AI-related stocks have been volatile lately as investors worried about the sustainability of a rally that has helped Wall Street reach record levels in 2026. Gina Martin Adams is chief market strategist at HB Wealth. "Tech has obviously been in the limelight of equity markets for a while, but that worked against stocks in the month of June. We'll see if the month of July brings something different. Obviously, the sector is dealing with a lot of issues, including the upcoming earnings season, where expectations are pretty high, as well as a tremendous amount of new shares coming to the market. First with SpaceX and now with SK Hynix out of South Korea." Shares of Meta Platforms rose more than 4.5% after Reuters reported that the company plans to manufacture AI chips starting in September. :: PepsiCo Elsewhere in the market, shares of PepsiCo fell more than 3% despite the company beating second-quarter revenue estimates. PepsiCo warned of higher commodity costs in the second half of the year at a time when the snack and beverage giant is increasing investments and lowering prices to attract value-conscious consumers. And shares of Costco sank more than 4% to a six-month low after the retailer reported decelerating comparable sales for June.
Calling for revenge and rejecting any compromise with the West, Iranians loyal to the Islamic republic massed on Thursday late into the night for the burial of supreme leader Ali Khamenei in his hometown of Mashhad, as the country traded more attacks with the US. An Israeli strike killed Khamenei in late February on the first day of the US-Israeli war against Iran, bringing an end to his more than...
Calling for revenge and rejecting any compromise with the West, Iranians loyal to the Islamic republic massed on Thursday late into the night for the burial of supreme leader Ali Khamenei in his hometown of Mashhad, as the country traded more attacks with the US. An Israeli strike killed Khamenei in late February on the first day of the US-Israeli war against Iran, bringing an end to his more than three and a half decades in power. Beating their chests and weeping, mourners lined the route as...
Newly minted rich and those anticipating huge IPOs are fueling buying and charter spree in the private jet sector Sign up for the Breaking News US newsletter email Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave of tech investors shopping for private jets, burying her in paperwork for aircraft-purchase agreements...
Newly minted rich and those anticipating huge IPOs are fueling buying and charter spree in the private jet sector Sign up for the Breaking News US newsletter email Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave of tech investors shopping for private jets, burying her in paperwork for aircraft-purchase agreements. The attorney, based in Cleveland, Ohio , attributed the rush to a handful of major “liquidity events” in the tech industry. The initial public offering (IPO) of Elon Musk ’s SpaceX, whose holdings include artificial-intelligence firm xAI, raised a record $85.7bn for the company and generated unprecedented employee and founder wealth. Continue reading...
Strongest El Nino In 75 Years Sets Off Food Supply-Chain Alarm Bells The US Climate Prediction Center has warned that the weather phenomenon El Niño, which only recently emerged across the Pacific, could become the most powerful in more than 75 years . This raises the risk of adverse weather conditions across the US, Asia, Australia, and South America. The stronger the weather event becomes, the g...
Strongest El Nino In 75 Years Sets Off Food Supply-Chain Alarm Bells The US Climate Prediction Center has warned that the weather phenomenon El Niño, which only recently emerged across the Pacific, could become the most powerful in more than 75 years . This raises the risk of adverse weather conditions across the US, Asia, Australia, and South America. The stronger the weather event becomes, the greater the threat to critical food supply chains, which are already vulnerable to drought, flooding, export restrictions, and rising protectionism . The CPC, a NOAA/National Weather Service unit that issues official US government climate outlooks, wrote in its report that sea-surface temperatures at least 1C above normal have spread across the central and eastern equatorial Pacific, with an 81% chance the event becomes "very strong" and ranks among the largest on record since 1950 . Some parts of the Pacific were 2.7C above normal last week. A negative El Niño Southern Oscillation Index indicates pressure patterns consistent with El Niño, typically associated with weaker Pacific trade winds and warmer-than-average sea surface temperatures in the central and eastern Pacific. The SOI is now at levels not seen since 2005. "Even the strongest El Niño events do not lead to typical impacts everywhere, but stronger events can more significantly tilt the odds in favor of expected outcomes," the Climate Prediction Center said . El Niño "will strengthen through the end of the year, with a 97% chance it will last through early spring 2027." Goldman Sachs commodities research analyst Lina Thomas provided further insight into the looming El Niño threat, warning that global agricultural supply is " highly concentrated geographically ," leaving crop markets " highly vulnerable to localized weather, geopolitical, or policy shocks ." Thomas warned about weather, geopolitical, and/or policy shocks that may put a bid under food prices: Global agricultural supply is highly concentrated geograp...
Kylian Mbappe scores his eighth goal of this World Cup to make up for an earlier penalty miss with Ousmane Dembele adding a second as France prove too good for Morocco and move into the semi-finals.
Kylian Mbappe scores his eighth goal of this World Cup to make up for an earlier penalty miss with Ousmane Dembele adding a second as France prove too good for Morocco and move into the semi-finals.