Evening digest: markets react to Trump spending cut, Musk SEC showdown, Nvidia slump
Tech and finance headlines shook markets on Friday as Trump sparked controversy by cutting $4.9B in spending without Congress’s approval, while Elon…
Super Micro shares slide 5% on internal control weakness disclosure
Super Micro Computer Inc. (NASDAQ: SMCI) saw its shares drop more than 5% on Friday after the artificial intelligence-focused server maker reiterated…
JPM says ignore earnings noise and buy Marvell stock like there’s no tomorrow
In a world where investors are used to seeing AI firms report exciting growth in data centre revenue – Marvell Technology Inc…
Intel accelerates CHIPS act funding, receives $5.7B ahead of schedule
Intel has secured $5.7 billion in accelerated CHIPS Act funding from the US government. This is a significant step intended to fast-track…
Dow futures plunge 160 points on Friday: 5 things to know before Wall Street opens
Dow futures plunged 160 points on Friday as investors looked ahead to the release of the Fed’s go-to inflation gauge, the Personal…
PepsiCo to increase ownership in Celsius with $585M deal: report
PepsiCo Inc. is deepening its investment in Celsius Holdings Inc. with a $585 million transaction designed to expand the distribution and strategic…
India’s Reliance joins Google and Meta on AI projects, announces Jio listing by 2026
Reliance Industries has unveiled a sweeping set of announcements centred on artificial intelligence, cloud expansion, and capital market ambitions. At its annual…
Denmark cuts growth forecast as Novo slowdown sparks reliance debate
Denmark’s government has lowered its 2025 economic growth forecast to 1.4% from a previous projection of 3%, citing weaker prospects for pharmaceutical…
Alibaba stock jumps 4% despite Q1 miss: why analysts stay bullish on BABA
Alibaba stock (NYSE: BABA) climbed 4% in premarket trading on Friday after the company posted its first-quarter 2026 results. The numbers were…
Germany boosts energy security with new Wilhelmshaven LNG terminal
On August 29, Germany will launch its second liquefied natural gas (LNG) import terminal at Wilhelmshaven port. This move by state operator…
