South Korean Finance Minister Koo Yun-cheol said on Tuesday he would try to derive a mutually beneficial trade agreement with the United States. Bloomberg | Bloomberg | Getty Images South Korea’s finance minister apologized on Wednesday after retail investors racked up heavy losses from leveraged bets on stocks, following rule changes earlier this year. The…
Joe Raedle | Getty Images Elon Musk’s xAI, now owned by SpaceX, sued Minnesota Attorney General Keith Ellison to challenge a law that would ban so-called nudify apps in the state. In their complaint, filed in a federal court in Minnesota on Monday, attorneys for xAI wrote that the statute “imposes an overbroad, content-based ban…
A semiconductor wafer is on display at Touch Taiwan, an annual display exhibition in Taipei, Taiwan April 16, 2025. Ann Wang | Reuters Asian technology stocks extended their sell-off on Wednesday, with semiconductor names leading declines after another weak session in the U.S. In South Korea, SK Hynix slid more than 10% after the chip…
Andy Jassy, President and CEO of Amazon, Mark Zuckerberg, CEO of Meta and Satya Nadella, CEO of Microsoft. Noah Berger | Manuel Orbegozo | Reuters | Peerapon Boonyakiat | SOPA Images | Lightrocket | Getty Images Alphabet had long been Wall Street’s favorite hyperscaler due to its expertise in converting high capital expenditures into revenue….
Signage at eBay headquarters in San Jose, California, U.S. David Paul Morris | Bloomberg | Getty Images EBay and several former executives have agreed to pay nearly $56 million in a settlement with a Massachusetts couple who were the target of a bizarre harassment and stalking scheme. The couple, Ina and David Steiner, had been…
Samuel Boivin | Nurphoto | Getty Images Three days after SpaceX’s blockbuster public debut, Rep. William Timmons bought as much as $100,000 of the rocket company’s stock. The South Carolina Republican chairs a House oversight panel on military and foreign affairs and sits on a financial services subcommittee covering artificial intelligence — two sectors central…
OpenAI CEO Sam Altman walks through the Hart Senate Office Building following meetings on Capitol Hill, in Washington, June 3, 2026. Evelyn Hockstein | Reuters OpenAI is in discussions with Nvidia about a backstop of up to $250 billion that would help fund its ambitious plans to lease a massive new artificial intelligence data center,…
Bank employees work in front of multiple monitors at the Hana Bank dealing room in Seoul, South Korea, on May 12, 2026. Nurphoto | Nurphoto | Getty Images Wall Street tech moves and South Korea’s stock market are becoming increasingly intertwined as artificial intelligence spending binds together the fortunes of U.S. technology giants and Korean…
Dario Amodei, chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Ruhani Kaur | Bloomberg | Getty Images Anthropic CEO Dario Amodei said on Monday that his company has “never advocated for a ban on open-weights models,” an attempt to beat back criticism emerging across…
CNBC’s Jim Cramer on Monday said the latest chapter of the artificial intelligence boom is reviving memories of the excesses that fueled the dot-com bubble. “I lived through 2000,” the “Mad Money” host said. “I don’t want the sequel.” On Sunday, the Wall Street Journal reported that Nvidia was discussing a $250 billion backstop for…
