(RTTNews) - Alibaba Group Holding Limited (BABA) introduced XuanTie C950, a new central processing unit designed to support agentic AI workloads and multi-step task execution in data centers, according to several media reports. Developed by Alibaba DAMO Academy, the chip is aimed
(RTTNews) - Alibaba Group Holding Limited (BABA) introduced XuanTie C950, a new central processing unit designed to support agentic AI workloads and multi-step task execution in data centers, according to several media reports. Developed by Alibaba DAMO Academy, the chip is aimed
wirot pathi/iStock via Getty Images Super Micro Computer ( SMCI ) shed over 33.3% on Friday after disappointing the market, yet again. Three Supermicro employees, including one of its co-founders, were indicted by the DOJ for allegedly violating the Export Control Reform Act. The government accused them of smuggling around $2.5 billion worth of servers containing Nvidia ( NVDA ) GPUs to China, whi...
wirot pathi/iStock via Getty Images Super Micro Computer ( SMCI ) shed over 33.3% on Friday after disappointing the market, yet again. Three Supermicro employees, including one of its co-founders, were indicted by the DOJ for allegedly violating the Export Control Reform Act. The government accused them of smuggling around $2.5 billion worth of servers containing Nvidia ( NVDA ) GPUs to China, which, as we know, is a big no-no. The stock was initially down around 2% on Monday but later recovered and closed up over 5% as investors started buying the pullback. The indictment charged Yih-Shyan “Wally” Liaw, Ruei-Tsang “Steven” Chang, and Ting-Wei “Willy” Sun with engaging in a conspiracy using false documents and staged dummy servers to illegally ship billions of dollars' worth of servers and GPUs to China. SMCI noted that the company itself has not been named as a defendant. Liaw was one of SMCI’s original founders back in 1993 and had been sitting on its board since 2023. Chang ran sales out of the company's Taiwan office, and Sun worked as an outside contractor. This is not SMCI’s first rodeo with the law. Days after the Hindenburg report, SMCI announced it would be late filing its annual 10-K with the SEC, citing the need to review its internal controls over financial reporting. Then came the real gut punch: its auditor, Ernst & Young, resigned, which was a rare and alarming move that sent the stock into freefall. Since then, the stock hasn’t seen a good day. Shortly after, reports surfaced that the DOJ had opened a formal investigation, and Nasdaq sent SMCI a noncompliance letter, raising the real possibility of delisting. At one point, the stock had shed over 80% from its all-time highs. Now, it is down around 83% from all-time highs. The company eventually filed its overdue financial statements in February 2025, narrowly avoiding delisting. And yet, through all of this, Wally Liaw, who had previously resigned from the company in 2018 amid an earlier accounting s...
Transgene poursuit ses avancées pour transformer l’avenir du traitement des cancers au stade précoce avec des vaccins thérapeutiques individualisés [...]
Transgene poursuit ses avancées pour transformer l’avenir du traitement des cancers au stade précoce avec des vaccins thérapeutiques individualisés [...]
The idea of finding the "safest" stocks can mean infinitely different things to any given investor. But I look for businesses whose goods or services are essentially required, no matter what is happening to the global economy. Today, I'll look at three of the safest stocks I know and highlight what makes them top investments to buy right now amid the market's current uncertainty. Image source: Get...
The idea of finding the "safest" stocks can mean infinitely different things to any given investor. But I look for businesses whose goods or services are essentially required, no matter what is happening to the global economy. Today, I'll look at three of the safest stocks I know and highlight what makes them top investments to buy right now amid the market's current uncertainty. Image source: Getty Images. Continue reading
Apple (NASDAQ:AAPL) reported a record-breaking fiscal Q1 2026, while Meta Platforms (NASDAQ:META) closed out a strong full-year 2025 the day before. Both companies beat estimates, but the numbers reveal two fundamentally different bets on tech’s future. iPhone Supercycle Meets Advertising Dominance Apple’s quarter was defined by hardware momentum. iPhone revenue hit $85.27 billion, up 23.3% ... Be...
Apple (NASDAQ:AAPL) reported a record-breaking fiscal Q1 2026, while Meta Platforms (NASDAQ:META) closed out a strong full-year 2025 the day before. Both companies beat estimates, but the numbers reveal two fundamentally different bets on tech’s future. iPhone Supercycle Meets Advertising Dominance Apple’s quarter was defined by hardware momentum. iPhone revenue hit $85.27 billion, up 23.3% ... Better Buy: Apple vs Meta
KanawatTH Trade Desk ( TTD ) shares are sinking in midday trading on Tuesday after Ad Age reported that Omnicom ( OMC ) has launched a third-party audit of its agreement with the company. TTD shares are currently down nearly 8% in reaction to the news. The report, citing an Omnicom memo that was sent to clients, comes less than a week after the news outlet reported that Publicis ( PUBGY ), after a...
KanawatTH Trade Desk ( TTD ) shares are sinking in midday trading on Tuesday after Ad Age reported that Omnicom ( OMC ) has launched a third-party audit of its agreement with the company. TTD shares are currently down nearly 8% in reaction to the news. The report, citing an Omnicom memo that was sent to clients, comes less than a week after the news outlet reported that Publicis ( PUBGY ), after a third-party audit, found Trade Desk in violation of its service agreement and is no longer recommending the company to its clients. Publicis claimed Trade Desk improperly applied DSP fees and automatically opted its clients in for features without authorization of additional fees, among other things. The Omnicom memo, which was seen by the news outlet, calls the audit part of added diligence following the Publicis report. Omnicom's initial review found that its Trade Desk agreement did not have any negative impact on clients, the memo said. "The Trade Desk has a successful and long-standing relationship with Omnicom that continues to go from strength to strength based on mutual goals of transparency, innovation, and performance," a Trade Desk representative told Ad Age . "Omnicom has a rigorous and detailed approach to managing their contracts, governing campaigns, and evaluating performance. They routinely monitor all campaign activity on TTD. As outlined in Omnicom’s email to clients, Omnicom Media’s analysis and reviews have not uncovered any issues whatsoever," the representative added. Omnicom is expected to pick one of the "Big Four" audit firms to scrutinize the agreement, the report said. TTD stock has lost nearly two-thirds of its value in the past 12 months. More on Omnicom, Trade Desk, etc. Omnicom Group Inc. (OMC) Analyst/Investor Day Transcript The Trade Desk: Positive Catalysts Make It Prone To A Re-Rating The Trade Desk: Bottom Fishing With The CEO Stifel lowers Trade Desk after Publicis audit finds agreement breach Insider Trades: Boeing, Coca-Cola, Exxon M...
Brasil2/iStock via Getty Images Equinor ( EQNR ) said Tuesday it started development drilling at the $9B Raia pre-salt field in the Campos Basin offshore Brazil, the company's largest international investment to date. The Raia field is estimated to hold more than 1B boe in recoverable reserves; Equinor ( EQNR ) is the Raia project operator with a 35% stake, in partnership with Repsol Sinopec Brasi...
Brasil2/iStock via Getty Images Equinor ( EQNR ) said Tuesday it started development drilling at the $9B Raia pre-salt field in the Campos Basin offshore Brazil, the company's largest international investment to date. The Raia field is estimated to hold more than 1B boe in recoverable reserves; Equinor ( EQNR ) is the Raia project operator with a 35% stake, in partnership with Repsol Sinopec Brasil ( REPYY ) ( REPYF ) and Petrobras ( PBR ). Equinor ( EQNR ) said drilling operations began with the Valaris DS-17 drillship DS-17 in a campaign that includes six wells in the Raia area, located ~200 km from Brazil's coast in water depths of ~2,900 meters. The development features a large floating production, storage and offloading vessel with capacity to handle more than 125K bbl/day of condensate and 16M cm/day of natural gas, and is anticipated to launch production in 2028. Once in operation, the project will have the capacity to export as much as 16M cm/day of natural gas, which could represent 15% of Brazil’s total natural gas demand, the company said. Equinor ( EQNR ) already operates the Bacalhau field in the neighboring Santos Basin, which started production last year and is still ramping up. More on Equinor Equinor: Trading The Iran War Effect Should Not Distract From The Positive Fundamentals Equinor: I'm Happy That I'm 'In' In 2026, But... (Rating Downgrade) Equinor: Among Our Favorite Mega Cap Oil Companies
The world's largest exchange-traded fund, SPDR S&P 500 Trust ( SPY ), saw outflows of $13.62B for the week ending March 20, while its price decreased by 3.06%. iShares Bitcoin Trust ETF ( IBIT ) saw an inflow of $380.17M last week, while Bitcoin ( BTC-USD ) slipped 6.79% during the same period. On the other hand, Gold SPDR Gold Shares ETF ( GLD ) recorded outflows totaling $2.26B last week as GLD ...
The world's largest exchange-traded fund, SPDR S&P 500 Trust ( SPY ), saw outflows of $13.62B for the week ending March 20, while its price decreased by 3.06%. iShares Bitcoin Trust ETF ( IBIT ) saw an inflow of $380.17M last week, while Bitcoin ( BTC-USD ) slipped 6.79% during the same period. On the other hand, Gold SPDR Gold Shares ETF ( GLD ) recorded outflows totaling $2.26B last week as GLD prices fell 10.22% during the week. iShares Silver Trust ETF ( SLV ) also recorded outflows totaling $574.83M, while its price slashed 16% during the week. Last week’s inflows/outflows The 11 S&P 500 sector tracking ETFs collectively recorded inflows of about $1.45B last week, according to data from etfdb.com. The Financial Sector ( XLF ) led sector inflows totaling $1.93B, as only three out of 11 sectors saw money flowing out of their respective sector-wise funds. Health Care sector ( XLV ) reported a weekly inflow of $305.89M, followed by the Energy Select Sector SPDR Fund ( XLE ) with inflows of $292.42M. The biggest outflows last week were seen in the Technology Select Sector SPDR Fund ( XLK ), totaling $856.45M, followed by the Communication Services Select Sector SPDR Fund with outflows of $336.35M. The Industrial Select Sector SPDR Fund ( XLI ) recorded an outflow of $320.28M last week. Breakdown of S&P 500 sector fund flows: Name of fund Ticker Inflows Financial Select Sector SPDR Fund ( XLF ) $1.93B Health Care Select Sector SPDR Fund ( XLE ) $305.89M Energy Select Sector SPDR Fund ( XLE ) $292.42M Utilities Select Sector SPDR Fund ( XLU ) $216.57M Materials Select Sector SPDR Fund ( XLB ) $96.66M Consumer Discretionary Select Sector SPDR Fund ( XLY ) $55.99M Consumer Staples Select Sector SPDR Fund ( XLP ) $34.13M Real Estate Select Sector SPDR Fund ( XLRE ) $32.2M Industrial Select Sector SPDR Fund ( XLI ) ($320.28M) Communication Services Select Sector SPDR Fund ( XLC ) ($336.35M) Technology Select Sector SPDR Fund ( XLK ) ($856.45M) Click to enlarge Commodities...
Estée Lauder said it’s in talks to buy Puig Brands in a deal that would create a cosmetics giant with about $20 billion in annual sales. The companies declined to offer details on the terms. Puig, based in Spain, has a market value of about €10 billion ($11.6 billion), while Estée Lauder closed on Monday at around $30 billion. Bloomberg's Companies Reporter Clara Lizarraga joins to discuss. (Sourc...
Estée Lauder said it’s in talks to buy Puig Brands in a deal that would create a cosmetics giant with about $20 billion in annual sales. The companies declined to offer details on the terms. Puig, based in Spain, has a market value of about €10 billion ($11.6 billion), while Estée Lauder closed on Monday at around $30 billion. Bloomberg's Companies Reporter Clara Lizarraga joins to discuss. (Source: Bloomberg)