Bitcoin miners sink millions into AI businesses, seeking billions in return
Bitcoin miner Core Scientific is expanding its AI business through a $3.5 billion partnership with cloud company CoreWeave.
Toyota apologizes for cheating on vehicle testing and halts production of three models
Toyota Chairman Akio Toyoda apologized for massive cheating on certification tests for seven vehicle models as the automaker halted production of three of them.
‘Everyone is too scared to come’: Taiwan’s earthquake deals a blow to top tourism hotspot
As Asia’s tourism industry rebounds, Taiwan’s Hualien County struggles to attract travelers following a deadly earthquake in April 2024.
CNBC Daily Open: Dow drops on weak manufacturing data, GameStop soars
GameStop closed 21% higher after jumping more than 70%, as meme stock leader Keith Gill appeared to hold on to a massive position in the video game retailer.
The market has ‘completely missed’ this critical AI chip stock, says fund manager
The stock boasts gross margins of nearly 90% and over the past decade, the company’s pre-tax net profit margin has also risen to more than 30%.
Looking for top alternatives to Nvidia? These stocks still look cheap, according to the pros
Nvidia isn’t the only one benefitting from bullish sentiment on AI — other tech names also got a boost, leading the Nasdaq to close at a record high on May 24.
India kicks off vote counting for the world’s biggest election, with exit polls projecting a Modi victory
India has started counting votes for its 2024 general election and current Prime Minister Narendra Modi looks set for a rare third consecutive term in power.
Google cuts at least 100 jobs across fast-growing cloud unit, sources say
Google’s cloud unit has been among its fastest-growing businesses, but it’s not immune from the companywide job cuts.
S&P 500 falls as investors try to shake off sluggish start to June: Live updates
The S&P 500 fell slightly Tuesday as Wall Street looked to find its footing after an uneven start to the month.
‘Roaring Kitty’ post seems to show trader held on to giant GameStop stake after Monday’s rally
Keith Gill, who’s behind GameStop’s recent roller-coaster ride, seemingly held on to his big position in the video game retailer even after Monday’s big rally.
