The Tech Download: Chip stocks surge in ‘historic’ month as investors’ AI buildout concerns ease
March saw many chip stocks drop amid concerns over the AI buildout, but their fortunes have reversed in April.
Exxon Mobil and Chevron earnings fall as Iran war disrupts oil shipments
Oil prices were depressed during the first two months of the year, but suddenly spiked after the U.S. and Israel attacked Iran on Feb. 28.
Treasury yields are little changed after ISM data comes in below expectations
Treasury yields were little changed on Friday as investors assessed the latest report from the Institute for Supply Management.
AstraZeneca stock falls after FDA panel votes against new cancer drug
The advisory panel wasn’t convinced that a clinical trial proved that early switching to camizestrant improved long-term survival rates.
Trump scraps Scotch whisky tariffs ‘in honor’ of King Charles
The move is expected to recoup millions of dollars a month for Scotland’s economy.
Apple CEO Tim Cook warns of extended memory crunch. ‘We’ll look at a range of options’
In Apple’s quarterly earnings report, CEO Tim Cook warned of further memory constraints in the coming quarters.
CNBC Daily Open: May Day dawns
Trading holidays in Europe and Asia make for a quiet day in markets, as investors digest strong April performance and rate decisions from the ECB and BOE.
China’s EV price war turns into AI arms race beyond cheaper cars
Chinese EV firms are rapidly rolling out in-car AI features to gain an edge, but as the price war drags on, those technologies are quickly becoming commoditized.
Oil prices fall after Iran sends updated peace proposal to mediators in Pakistan
Under the 1973 War Powers Resolution, a U.S. president needs to withdraw troops 60 days after reporting their deployment to Congress
China’s self-driving truck leaders say AI breakthroughs won’t accelerate rollout — here’s why
Rapid advances in AI for coding and chatbots doesn’t change the timeline for getting self-driving vehicles on the road, industry executives in China said.
