Goldman Sachs Group Inc. posted a record $7.42 billion in stock-trading revenue for the second quarter, surpassing its own Wall Street records for the third consecutive quarter. The equities result ju…
AI startup Reflection has signed a more than $1 billion deal with Nebius to secure computing capacity, including access to Nvidia's latest chips, building on a previous agreement with SpaceX. The deal…
JPMorgan Chase reported a record quarterly profit of $21.2 billion for the second quarter, the highest ever for a US bank, driven by a 28% revenue increase to $57 billion and a $4.6 billion gain from …
New York Gov. Kathy Hochul will sign an executive order Tuesday imposing the country's first statewide moratorium on hyperscale data centers, blocking new large facilities for up to a year while regul…
Canadian semiconductor companies are expanding into the U.S. market to capitalize on the artificial intelligence boom, with Big Tech AI infrastructure investment expected to exceed US$700 billion this…
Global chip stocks have lost roughly $2.7 trillion in market value since the PHLX Semiconductor Index peaked on June 22, but Wall Street still expects Micron, Nvidia, and the rest of the industry to g…
CleanSpark Inc. agreed to a 20-year infrastructure lease for a data center at its Sandersville, Georgia campus with a high investment-grade global technology company, generating $6.6 billion in contra…
Global investor sentiment hit its highest level since February, with cash allocations falling to an "uber-low" 3.6% from 4.1% in June, triggering Bank of America's contrarian sell signal, according to…
Oil prices jumped early Tuesday as fighting intensified in the Middle East, with Brent crude climbing to just over $84 a barrel after soaring nearly 10% on Monday, while Asian shares declined led by l…
China's exports climbed 27% in June from a year earlier, topping forecasts, as strong demand for AI-related technology products and front-loading of U.S.-bound shipments boosted overseas sales, custom…
Ollama CEO Jeffrey Morgan told Yahoo Finance that Fortune 500 companies are adopting open-source AI models for cost savings, data control, and secure localized deployment, highlighting a shift away fr…
SpaceX and Tesla CEO Elon Musk clashed with OpenAI CEO Sam Altman on X over the weekend, with Musk posting 'Scam Altman strikes again.' Yahoo Finance Technology Editor Dan Howley reported the exchange…
Apple is suing OpenAI over alleged trade secret theft, potentially blocking OpenAI's hardware plans, according to Yahoo Finance Technology Editor Dan Howley.…
Elon Musk taunted OpenAI CEO Sam Altman on X over the weekend, accusing him of 'scamming' after Apple sued OpenAI for alleged trade secret theft involving former Apple employees, including hardware ch…
US forces used armed sea drones in combat for the first time, striking a submarine and ship maintenance facility at Iran's Bandar Abbas naval base on Sunday, the Pentagon said. US Central Command said…
Royal Bank of Canada is expanding its credit derivatives trading business in the US and Europe, betting that multibillion-dollar fundraising for artificial intelligence will fuel demand for hedging pr…
Bank of America says analog chipmakers are emerging beneficiaries of the AI infrastructure boom, with AI-related sales across the group expected to grow 50% to more than 100% this year. Analyst Vivek …
Hyperscalers are turning to the bond market to finance massive AI capital expenditures, according to Bloomberg Intelligence Senior Technology Credit Analyst Robert Schiffman. The trend highlights how …
Morgan Stanley analyst Sean Diffley said AI will be key for the combined Paramount Skydance and Warner Bros. Discovery to extract value from their $111 billion merger, estimating 20% to 40% cost savin…
Nvidia, Micron, Broadcom, and Applied Materials are expected to generate a record $430 billion in combined free cash flow over the next 12 months, more than triple the amount two years ago, driven by …