Author: Editor-In-Chief
SpaceX stock fell Wednesday to just above $135, the price chosen by CEO Elon Musk and the company ahead of its blockbuster June 12 IPO that raised about $86 billion. The company’s stock price traded below its public offering price for much of the day, briefly falling below $133 per share, before rebounding to close at $135.27. Wednesday’s decline followed a month of steady declines since the company went public. SpaceX’s stock price initially rose to more than $200 in the days after it went public, at one point giving it a valuation comparable to tech giants like Amazon and…
Baidu, a Chinese technology company best known for its search engine, also operates cloud, maps, and other internet-based services.Bloomberg | Bloomberg | Getty ImagesShares of Chinese technology giants Alibaba and Baidu rose on Thursday due to their partnership. apple To deploy AI tools. Hong Kong listed stocks alibaba Shares rose 5% after the company confirmed that Qwen AI models will be integrated into Apple services in China. Alibaba’s U.S.-listed shares closed slightly higher overnight after an Alibaba spokesperson told CNBC that “Qwen will be integrated into the Apple Intelligence experience within iOS, iPadOS, macOS, and Vision OS for users in…
OpenAI officially enters the hardware market with the launch of a $230 light-up keyboard designed to pair with its AI coding assistant, Codex. Codex Micro was co-designed with expert keyboard designer Work Louder and is being touted as a great new way for ChatGPT users to manage their AI coding agents – semi-autonomous bots that can write and run code with little to no human input. The device features an illuminated “Agent Key” to indicate agent status, a customizable command key to serve as shortcuts for frequent Codex actions, and a joystick to launch common workflows. It also has a…
Hello, this is Priyanka Salve writing from Singapore.Welcome to the latest edition of Inside India. A one-stop destination for stories and developments in the world’s fastest growing large economy.Over the past decade, China has reversed its brain drain, bringing thousands of skilled workers back to their home countries and fueling its rise as a technology powerhouse. India is taking the opposite approach. The company is sending more young workers overseas. This week, we unravel why India has signed mobility agreements with several trading partners despite rising anti-immigrant sentiment around the world.Do you have any thoughts about today’s newsletter? Share them…
New Mexico has argued that nonpublic records are critical to its criminal investigation into allegations of abuse at Epstein’s ranch.The United States Department of Justice (USDOJ) said it cannot provide unredacted files on convicted sex offender Jeffrey Epstein to the state of New Mexico.In a social media post on Wednesday, it argued that doing so would violate current law.Recommended stories list of 3 itemsend of list”Federal law, court orders, and victim and witness privacy protections do not allow us to release millions of unredacted documents,” the department said.The post was made in response to pressure from the New Mexico Department…
Microsoft appears to be preparing its sales team to better compete with other big players in the AI industry. According to a new report from Bloomberg, company executives outlined plans during an internal meeting Tuesday for salespeople to negatively compare AI products from companies like OpenAI, Google, and Anthropic to their own. The meeting, billed as a strategy session for the new fiscal year, was reportedly focused on touting the efficiency and cost-effectiveness of Microsoft’s internal model compared to that of its competitors. “Everyone else sells parts, but we sell complete end-to-end systems, and that’s the story we all have…
Traders work on the floor of the New York Stock Exchange on January 20, 2026.Michael Nagle | Bloomberg | Getty ImagesU.S. Treasury yields fell on Wednesday as traders weighed a tamer-than-expected inflation report.yield of 10 year treasury The note, a key benchmark for mortgages, auto loans and credit card debt, was 3 basis points lower at 4.555%. yield of 2 years treasury The bond, which typically reacts in line with short-term Federal Reserve interest rate decisions, fell more than 4 basis points to 4.145%.of 30 year treasury The yield fell less than 1 basis point to 5.09%.One basis point is…
New York Governor Kathy Hochul and US President Donald Trump.David Dee Delgado | Reuters | Saul Loeb | AFP | Getty ImagesPresident Donald Trump on Wednesday condemned New York Gov. Kathy Hochul’s new data center moratorium, saying in a post on Truth Social that the state should change its policies “immediately” after imposing a ban of its kind in the first place in the United States. “One of the biggest drivers of future employment will be data centers,” he wrote. “They’re big, they’re powerful, they’re bold, and they’re money machines for the states where they’re being built. Governor Kathy Hochul…
A for sale sign is posted in front of a condominium for sale in Los Angeles, California on July 9, 2026. Justin Sullivan | Getty ImagesMortgage interest rates rose last week to their highest level since August 2025, denting homebuyer demand for loans. However, refinance demand increased.Total mortgage applications fell 2.7% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $832,750 or less, including origination fees for loans with a 20% down payment, increased by 0.64 points to 0.67 points…
CNBC’s Jim Cramer said Wednesday that the rally in Wall Street’s Big Tech market looks more like a burst of optimism than a reflection of much improved fundamentals.”I’m telling you, I think today’s impressionistic verdict may not hold up under close scrutiny,” the “Mad Money” host said.Technology stocks rose on Wednesday as investors embraced a series of positive developments. But Kramer questioned whether the move accurately reflected the company’s fundamental outlook.alphabet Shares rose more than 3% after Warren Buffett told CNBC’s Becky Quick that Berkshire Hathaway had personally decided to invest in Google’s parent company. Mr. Cramer said the disclosure…