Micron stock sinks for a fourth straight day despite dominant earnings report
Micron’s revenue almost tripled in the last quarter, but the memory company’s stock has sunk about 15% since it reported earnings on Wednesday.
Arm releases first in-house chip, with Meta as debut customer
Arm is making its first CPU, pivoting from only licensing its architecture to giants like Apple, Nvidia, Amazon and Google. CNBC got an exclusive first look.
Strait of Hormuz tanker traffic won’t return to normal for months, Kalshi bettors predict
Prediction market bettors aren’t confident that the vital Middle Eastern oil passageway will reopen anytime soon.
Iran war has altered the global natural gas market. Goldman says these 3 stocks will benefit
Liquid natural gas plays are set to win thanks to constrained supply, even if demand eases due to higher prices.
Jamie Dimon says Iran war makes Middle East peace prospects better in the long term
JPMorgan Chase CEO Jamie Dimon issued an optimistic viewpoint on Middle East peace, weeks into the war with Iran.
Circle posts worst day on record as proposed law could limit stablecoin yield
Earning yield, usually in the form of rewards, on stablecoins like Circle’s USDC and others is key incentive for users to hold the coins.
Abivax in no rush for a deal, confident key June trial data can secure better terms for partnerships, CEO tells CNBC
Analysts see the biotech company as a prime takeover target and several pharma giants have been rumored as potential buyers.
Amazon’s Zoox to debut robotaxis in Austin, Miami later this year as it awaits paid ride approval
It marks the latest expansion for Amazon’s Zoox self-driving unit, which opened rides to the public in some parts of Las Vegas and San Francisco last year.
Demand for AI infrastructure will drive more gains in this stock, says Bank of America
CoreWeave’s stock has risen more than 14% this year, beating the overall market.
Gap says it will launch checkout within Google’s Gemini, in an AI first from a major fashion company
Gap’s partnership with Gemini and its customer-facing AI tools give it a competitive edge at a time when winning in specialty retail is harder than ever.
