Tech megacaps lose $770 billion in value as Nasdaq suffers steepest drop since April
Nvidia dropped almost 5%, pacing a steep decline in tech stocks, after President Trump threatened more tariffs on China. Source link
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Apple nears deal to acquire talent, tech from AI startup Prompt AI
Apple CEO Tim Cook holds a next generation iPhone 17 during an Apple special event at Apple headquarters on Sept. 9, 2025 in Cupertino, California. Justin Sullivan | Getty Images Apple is in late-stage talks to acquire top talent from computer vision startup Prompt AI, as well as the company’s technology, CNBC has learned. Leadership…
Trump puts extra 100% tariff on China imports, adds export controls on 'critical software'
President Trump retaliated against China’s export controls on rare earths after suggesting he also would cancel a meeting with Chinese President Xi Jinping. Source link
Applied Digital stock climbs 16% as AI demand fuels data center growth
Sopa Images | Lightrocket | Getty Images Applied Digital shares jumped as much as 30% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350% for the year. The company closed up 16%, extending its impressive run this year. Shares…
Trump nominee Paul Ingrassia accused sexual harassment
Paul J. Ingrassia, nominee to lead the Office of Special Counsel. Source: DHS President Donald Trump‘s nominee to head the U.S. Office of Special Counsel, Paul Ingrassia, was accused of sexual harassment, Politico reported. Ingrassia, who is currently the White House liaison for the Department of Homeland Security, was investigated in connection with an incident…
How Sora 2 by OpenAI is challenging Hollywood
The launch of OpenAI’s updated Sora 2 AI video service kicked off another round of anxiety among musicians, actors and other content creators. Sora allows users to generate short videos for free by typing in a prompt. The app is only available on iOS devices and is limited to invitees, meaning people need a code to access…
Trump admin lays off federal workers
Russell Vought, director of the Office of Management and Budget (OMB), speaks to members of the media outside the White House in Washington, DC, US, on Thursday, July 24, 2025. Aaron Schwartz | Bloomberg | Getty Images The Trump administration began laying off federal workers on Friday, the 10th day of the U.S. government shutdown,…
Trump Nobel Peace Prize snub angers White House; Machado praises him
Venezuelan opposition leader Maria Corina Machado is leading a demonstration against the re-inauguration of authoritarian President Maduro this Friday. Jesus Vargas | Picture Alliance | Getty Images The White House on Friday criticized the Nobel Committee after it declined to pick President Donald Trump for the organization’s vaunted peace prize. But the prize’s actual recipient,…