‘Dismal’ China exports add to freight trade slump for nation’s biggest port
Port of Los Angeles, the nation’s biggest trade hub, has seen a decline in import and export container volume during what is usually a busy shipping time.
Meta expands Nvidia deal to use millions of AI chips in data center build-out, including standalone CPUs
Meta expands partnership with Nvidia in a deal likely worth tens of billions, for deploying millions of GPUs and new standalone CPUs in AI data centers
Oil prices fall as Iran sees progress in nuclear talks with U.S.
Iran and the U.S. reached a “general agreement” on Tuesday on guiding principles during talks in Geneva, Foreign Minister Abbas Araghchi said
Value investor Seth Klarman added Amazon last quarter. Here’s what else he bought
The Boston-based hedge fund manager took a new position in the hyperscaler amounting to $489.7 million.
Anthropic releases Claude Sonnet 4.6, continuing breakneck pace of AI model releases
Claude Sonnet 4.6 is more consistent with coding and is better at following coding instructions, Anthropic said.
Return of ‘YOLO’ market: Wells Fargo thinks hefty tax refunds will boost bitcoin and these speculative stocks
Bitcoin and stocks such as Robinhood and Boeing could surge as potentially higher tax refunds this season lead investors to splurge on riskier trades.
Amazon snaps 9-day losing streak during which it lost more than $450 billion in value
Amazon expects to spend $200 billion this year on AI initiatives, the company said when it reported earnings.
Hedge fund manager Rob Citrone is short U.S. stocks. Here’s why
The Discovery Capital Management founder and portfolio manager said capital expenditures on AI are risks to major U.S. companies.
Iran partially closes Strait of Hormuz, a vital oil choke point, as Tehran holds talks with U.S.
Iranian state media reported the partial closure of the Strait of Hormuz on Tuesday for military drills in the waterway.
Silver miners fall trading as the metal drops 2%
Silver mining companies including Hecla Mining, Endeavor Silver, and First Majestic Silver were down before the market opened.
