A major shift could soon happen in the Mag 7
Quietly, shares of Google-parent Alphabet are on the verge of topping $5 trillion, and overtaking AI-leader Nvidia as the world’s most valuable company.
Pentagon tech chief says Anthropic is still blacklisted, but Mythos is a separate issue
The DOD announced it has entered into agreements with seven other AI companies.
Estee Lauder plans to cut up to 3,000 more jobs, lifts annual profit forecast
Estee Lauder on Friday raised its annual profit forecast and laid out plans to cut up to 3,000 more jobs as it accelerates a broad restructuring plan.
Japan risks Trump’s ire as Iran war fallout sparks currency intervention
“FX intervention will only get them so far,” one strategist said after the yen surged.
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.
