Samsung forecasts record third-quarter profit of $80 billion as AI boom fuels chip demand
Samsung Electronics reported preliminary third-quarter earnings on Thursday, with operating profit forecast to top 100 trillion won for the first time.
Inside India newsletter: Food crisis, economic shock ahead as India braces for El Niño
The super El Niño weather phenomenon is emerging as the latest headwind for the Indian economy.
Nasdaq falls 1% as AI trade stumbles following OpenAI revenue setback
The S&P 500 and Nasdaq were lower on Thursday as investors faced more pressure from rising Treasury yields and elevated oil prices.
Trump trade chief Greer reports higher cash holdings as law firm pay topped $650K
U.S. Trade Representative Jamieson Greer reported $1.17 million to $3.75 million in assets and disclosed a prior $10,000 payment from Coupang.
Cramer says SpaceX’s latest price target hike could signal something bigger
CNBC’s Jim Cramer said Goldman Sachs’ latest price target hike on SpaceX is a sign that Elon Musk’s ambitious vision for the company may be becoming reality.
Microsoft to sell $2,599 Surface Laptop Ultra containing Nvidia AI chip
The new device shows Microsoft remains committed to making its own PCs even though it’s not one of the top device makers.
Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level
Shipping costs have exploded as the war in the Persian Gulf has led to a shortage of available tankers.
Apollo, banks in talks to finance SpaceX’s $40 billion Nvidia GPU purchase
Since SpaceX’s record-breaking IPO in June, rates have sold off, and yields on its bonds have risen, along with other AI-related bonds.
Disney+ to stream upcoming Super Bowl
Disney+ will also air two Monday Night Football games leading up to the championship game.
These bargain stocks will shine when AI trade falters, says Ariel’s John Rogers
The runup in AI stocks is the “same situation” as the tech bubble of 1999-2000, said Ariel Investments’ John Rogers.
