Goldman Sachs researchers warn that college graduates could be the first to feel AI's impact on the job market, as adoption accelerates in white-collar industries like finance and professional service…
SK Hynix plans to list American depositary receipts on the Nasdaq under ticker SKHY around July 10, aiming to raise up to $29.65 billion in the largest ADR offering in over two decades. The listing co…
HCLTech won a $1.14 billion AI-driven IT contract from Mercedes-Benz, replacing Infosys as the incumbent vendor. The deal, running from July 2026 to December 2031, shifts from headcount-based outsourc…
Alibaba banned Anthropic's Claude Code from internal environments starting July 10, 2026, citing the risk of embedded backdoors due to the tool's deep system access and communication with U.S.-hosted …
AI data centers are contributing to rising household electric bills, particularly in regions like Northern Virginia's 'Data Center Alley.' While not the sole cause, data centers accounted for roughly …
Goldman Sachs analysts report that 19.5% of U.S. companies are integrating AI into their operations, but the impact on the job market remains limited. The analysis finds no significant correlation bet…
Tech and finance firms are cutting thousands of jobs monthly while increasing AI spending, with Oracle cutting 21,000 jobs and AI cited as the top reason for layoffs for three straight months. Goldman…
Job cuts attributed to artificial intelligence surged to 40% of all layoffs in May 2026, up from 25% in March, as companies like Meta cite AI-driven efficiency gains for workforce reductions. Analysts…
Goldman Sachs warns that leveraged stock bets are heavily concentrated in the AI ecosystem, with net margin borrowing reaching $1.4 trillion, equivalent to 1.8% of all U.S. stocks. The concentration o…
Goldman Sachs strategists have turned bullish on European equities, citing surging hyperscaler capital expenditure that they now estimate at $754 billion for 2026. The bank argues that European indust…
South Korea's approval of single-stock leveraged ETFs on Samsung and SK Hynix triggered a $6 billion forced selling event on June 23, wiping nearly 10% off the Kospi and sending Nasdaq futures tumblin…
Bending Spoons, the Milan-based acquirer of AOL, Evernote, Vimeo, and WeTransfer, priced its Nasdaq IPO above the $26-$28 range at a valuation of roughly $19 billion, driven by strong demand from Wall…
Amazon Web Services announced a $1 billion investment on June 30, 2026 to create a Forward Deployed Engineering unit that will embed thousands of its engineers inside customer companies to help build …
DigitalOcean CEO Paddy Srinivasan predicts global AI token demand will reach 5 quintillion annually by 2030, driven by autonomous agents that will account for 70% of all tokens. Agentic workloads cons…
Digital Realty agreed to buy Blackstone's majority stake in three fully leased Virginia data centres for $7.8 billion, paying $3.5 billion for a 64% equity interest. The deal underscores surging deman…
Ferrari and BMW have begun replacing copper wiring with aluminum in their electric and hybrid vehicles, challenging the demand thesis that has driven copper prices to record highs. The shift, driven b…
A report from Ramp and Revelio Labs analyzing nearly 22,000 companies found that firms spending heavily on AI grew headcount by 10.2%, including entry-level roles, countering fears of widespread job l…
Copper surged to a record $14,527 per metric ton in January 2026, driven by AI data center demand that is creating a structural supply deficit. Citi forecasts copper reaching $15,000 within a year, wh…
Wedbush tech analyst Dan Ives said Big Tech CEOs will not cut AI spending due to the competitive arms race, despite declining stock prices. Goldman Sachs projects $5.3 trillion in combined capex for M…
Micron Technology reported $41.5 billion in fiscal Q3 2026 revenue, quadruple the year-ago figure, while SK Hynix posted $35.53 billion in Q1 revenue, up 198% year-over-year. The semiconductor layer i…