The logo of Japanese company SoftBank Group at the company’s headquarters in Tokyo on Nov. 21, 2025. Kazuhiro Nogi | AFP | Getty Images SoftBank Group plunged more than 12% on Friday, leading a broad selloff in Asian technology stocks, amid mounting concerns over the rising cost of artificial intelligence infrastructure. The Japanese conglomerate led…
The CEOs of Boeing, Lockheed Martin and Honeywell arrived at the White House on Wednesday for a meeting with President Donald Trump, as the administration presses major defense contractors to ramp up weapons production amid concerns about U.S. missile and munitions stockpiles. The meeting comes after U.S. military operations in Iran and amid ongoing peace…
Google CEO Sundar Pichai addresses the crowd during Google’s annual I/O developers conference in Mountain View, California, May 20, 2025. Camille Cohen | AFP | Getty Images More than three years into the generative artificial intelligence boom, Google has defied the many skeptics who thought ChatGPT would be the search giant’s death knell. But cracks…
Citizens gather to purchase and scratch instant lottery tickets at a lottery ticket booth on June 21, 2026 in Guangzhou, Guangdong Province of China. Vcg | Visual China Group | Getty Images BEIJING — China’s consumer spending slowdown persisted in June, with growth during one of the country’s largest online shopping festivals weakening sharply from…
SpaceX Executives ring the Closing Bell at the Nasdaq on the debut of their IPO on June 12th, 2026. Adam Jeffery | CNBC Following the astronomical success of the SpaceX IPO — raising $85.7 billion, valuing the newly public company in the trillions, and minting Elon Musk as the world’s first trillionaire — what many…
Artificial intelligence is giving tech investors an entirely new reason to pay attention to the Federal Reserve. For years, megacap tech companies with hefty balance sheets have been able to shrug off rising rates, which tend to weigh more heavily on smaller, less-profitable peers. But companies that were once cash cows are depleting reserves and…
The Federal Reserve gave Wall Street a reality check this week, but the S & P 500 refused to let go of its back-to-back weekly wins. Positive war developments paved the way. The S & P 500 jumped 1.1% on Thursday as investors brushed off monetary policy concerns from the session before, which caused a…
Senator Elizabeth Warren, a Democrat from Massachusetts and ranking member of Senate Banking, Housing, and Urban Affairs Committee, left, and Senator Jack Reed, a Democrat from Rhode Island, speak during a confirmation hearing in Washington, DC, US, on Thursday, Oct. 30, 2025. Eric Lee | Bloomberg | Getty Images The Senate Armed Services Committee approved…
Chiefs of the world’s leading AI companies are descending on the G7 conference in France Wednesday, in a sign of their growing geopolitical influence as artificial intelligence rises to the top of the global agenda. CEOs including OpenAI’s Sam Altman, Anthropic’s Dario Amodei, Google DeepMind’s Demis Hassabis, alongside around a dozen other tech leaders, will…
SpaceX founder Elon Musk jumps for joy at a gathering after NASA commercial crew astronauts Doug Hurley and Bob Behnken blast off aboard the SpaceX Falcon 9 rocket, bound for the International Space Station, in Cape Canaveral, Florida, on May 30, 2020. Jonathan Newton | The Washington Post | Getty Images In Elon Musk’s telling…
