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Trump's address, SpaceX IPO, Sam's Club membership prices and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Trump's address, SpaceX IPO, Sam's Club membership prices and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Globalstar stock surges 15% on report Amazon is weighing an acquisition
A deal with Globalstar could bolster Amazon Leo, the company's nascent internet-from-space service, which has about 200 satellites in orbit.
Five key questions Apple faces entering its second half-century
As Apple turns 50, the iPhone maker faces questions about succession, its role in AI and whether it can maintain a premium brand.
SpaceX confidentially files for IPO, setting stage for record offering
Elon Musk's SpaceX is reportedly targeting a valuation of around $1.75 trillion in its forthcoming IPO.
Franklin Templeton acquires digital assets investment firm in active crypto management push
Franklin Templeton has agreed to buy 250 Digital, which will join the newly established unit Franklin Crypto, as the firm deepens its digital assets push.
Intel shares jump 10% after buying back Ireland chip fab in sign of renewed strength
The semiconductor company will now wholly own Fab 34 after spending $14.2 billion to repurchase the 49% stake it sold to Apollo Global Management two years ago.
Oracle layoffs will help cost savings, analysts say
Oracle plans to cut thousands of jobs which will free up cash flow as the company aggressively invests in its AI data center buildout.
Iran threatens Nvidia, Apple and other tech giants with attacks
Iran's Revolutionary Guard has warned a number of tech companies with Middle East operations that they'll be considered "legitimate targets."
The stock market rebound, Nike's recovery questions, 'Project Hail Mary' and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Sen. Warren slams Trump administration for pressuring EU to relax tech regulations
Sen. Warren said the Trump administration trade negotiations are focused on giving advantages to Trump's "tech billionaire friends."
Shares of China AI 'tiger' Zhipu surge 35% after revenue doubles in first earnings report
Shares of Chinese AI company Zhipu surged over 30% in trading, after posting strong revenue growth in its first earnings report since its IPO.
Baidu robotaxis reportedly halted mid-traffic causing crashes in Wuhan, China
Baidu's Apollo Go robotaxis stopped mid-traffic in a Chinese city on Tuesday, leading to at least one highway collision, according to social media.
Crypto asset manager CoinShares to begin trading on Nasdaq through SPAC merger
CoinShares is merging with Vine Hill Capital to form the holding company CoinShares PLC in a deal valuing the business at about $1.2 billion.
Microsoft closes worst quarter on Wall Street since 2008 on AI concerns: 'Redmond is in a pickle'
With Microsoft losing almost a quarter of its value this year, investors have reset the company's earnings multiple to the lowest since late 2022.
Column: Apple's crackdown on AI apps puts it on the wrong side of history
Apple is going against its founding mission from 50 years ago by standing in the way AI coding, or vibe-coding.
OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO
The round totaled $122 billion of committed capital, up from the $110 billion figure that was previously announced.
Anthropic leaks part of Claude Code's internal source code
Claude Code has seen massive adoption over the last year, and its run-rate revenue had swelled to more than $2.5 billion as of February.
Amazon settles Teamsters case alleging it retaliated against striking workers
The Teamsters alleged Amazon illegally docked employees' unpaid time off after they walked off the job, calling the practice "unlawfully coercive."
Snap climbs 13% as activist Irenic suggests changes to boost stock's value 7x
Irenic Capital suggested shuttering the Specs division and replacing more than a fifth of Snap's workforce with artificial intelligence.
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