According to CNBC, artificial intelligence startup Manus announced it will soon resume operating as an independent company following regulatory pressure from Chinese authorities that forced Meta to unwind its $2 billion acquisition of the enterprise. The deal, which was initially announced last December to expand Meta’s AI agent capabilities, faced swift investigations from regulators in … Read more
Space Exploration Technologies (SpaceX) could see its stock price more than double as investors begin to price in the company’s expanding artificial intelligence division, according to a Morgan Stanley report issued Monday by analyst Adam Jonas. The Wall Street firm maintained an overweight rating and a $300 price target on the stock, pointing to the … Read more
The S&P 500 slipped 0.06% to close at 7,753.11 amid persistent doubts over a lasting resolution to the U.S.-Iran conflict, according to market data from the New York Stock Exchange. The Nasdaq Composite declined 0.32% to 26,605.36, and the Dow Jones Industrial Average dropped 60.95 points, or 0.11%, to finish at 53,975.98. While major U.S. … Read more
Apple shares slumped in pre-market trading after investment firm Jefferies downgraded the tech giant to underperform from hold, citing the reported cancellation of its anticipated all-glass iPhone due to low production yields. According to Jefferies analyst Edison Lee, abandoning the ambitious hardware project delivers a significant blow to the company’s hardware revenue strategy, prompting the … Read more
OpenAI has suspended internal development activities for an unreleased artificial intelligence model named Astra after safety evaluations revealed it could have crossed critical cybersecurity thresholds, according to recent disclosures by the company and tech industry reporting. The decision arrives amid a broader wave of security incidents involving major AI laboratories, including Anthropic and Meta, prompting … Read more
US Central Command (CENTCOM) chief Adm. Brad Cooper visited Israel on Saturday to hold talks with senior Israeli military officials regarding regional security and the ongoing ceasefire in Gaza. The visit, which included a meeting with Israeli Chief of Staff Lt. Gen. Eyal Zamir, follows Cooper’s recent diplomatic stops in Bahrain and the United Arab … Read more
Iran outlined sweeping demands on Saturday to the U.S. for reopening the Strait of Hormuz, requiring Washington to lift its naval blockade and sanctions, withdraw military forces, pay war reparations, and release frozen Iranian assets, according to media reports. The conditions, laid out by Mohammad Bagher Zolghadr, Secretary of Iran’s Supreme National Security Council, also … Read more
Thousands of Verizon wireless customers across major U.S. metropolitan areas experienced a sudden service outage that knocked out voice capabilities for several hours, according to data tracking site Downdetector and company statements. The disruption began at approximately 3:30 p.m. ET, driving more than 13,000 complaints at its peak and cascading into secondary connection failures for … Read more
Chevron is generating record free cash flow exceeding $18 billion in its most recently reported quarter while trading at a forward price-to-earnings multiple below 14, according to recent market data. Implied volatility in energy options remains elevated due to military conflicts in the Gulf and shipping disruptions in the Strait of Hormuz, creating an opportunity … Read more
Livestreamed shopping startup Whatnot closed its latest round of funding at a $20 billion valuation, according to a company release issued on Friday, nearly doubling its valuation from less than a year ago. The $545 million Series G round was led by Iconiq, Lightspeed, and Avra. Valuation Growth and Funding History Whatnot’s rapid financial ascent … Read more