Samsung to inject $1 billion into Nvidia- and KKR-backed AI infrastructure firm
Samsung Electronics and its five affiliates are investing $1 billion in KKR-launched Helix as the group expands its push into global AI infrastructure.
Markets
MongoDB’s stock is down nearly 20% as CEO decamps to Meta
“July is one of the most bullish months of the year. In fact, based on last year’s update, July became the most bullish month on average. For readers who may not remember, or who may be new here, July has been positive …
AMD makes a big bet on the next era of AI with World Labs acquisition
The chip maker is buying the startup and adding AI pioneer Fei-Fei Li as its chief scientist.
AMD to buy Fei-Fei Li’s World Labs in $8.2 billion bet on ’physical AI’
The current wisdom in chipmaking is that building good chips requires understanding how the AI models running on them are evolving. Nvidia already has an answer to that in its own open-weight world model, Cosmos. AMD ha…
This AI startup has only 14 employees — and a fresh $10 billion valuation
Instinct is rapidly amassing investment dollars, illustrating the rush of excitement around personal AI assistants.
Cocoa Prices Pressured by Ample Ivory Coast Cocoa Supplies
December ICE NY cocoa (CCZ26) closed down -30 (-0.53%) on Monday, and December ICE London cocoa #7 (CAZ26) closed down -30 (-0.71%).
Sugar Prices Settle Mixed as Crude Oil Erases an Early Rally
October NY world sugar #11 (SBV26) closed down -0.04 (-0.23%) on Monday, and December London ICE white sugar #5 (SWZ26) closed up +1.50 (+0.30%).
Dry Weather Forecasts for Brazil Boost Coffee Prices
December arabica coffee (KCZ26) is up +11.00 (+3.95%) today, and November ICE robusta coffee (RMX26) is up +47 (+1.40%).
Dollar Gains and Gold Slumps on Higher Crude Prices and T-note Yields
The dollar index (DXY00 ) is up by +0.21% today. The dollar is moving higher today, amid the +2% jump in WTI crude oil, which raises inflation expectations and could prompt the Fed to tighten monetary policy, a supporti…
Stocks Settle Lower on Rising Bond Yields
The S&P 500 Index ($SPX) (SPY) closed down by -0.77% on Monday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.67%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.08%. December E-mini S&P future…
Cotton Trying to Push Higher on Monday
Cotton futures are trading with October down 60 points, with other contracts up 10 to 21 points. Crude oil is up 68 cents per barrel on the session, with the US dollar index $0.162 higher.
Boeing 737 Max 10 certification delayed by software issue, FAA says
The head of the Federal Aviation Administration said a software problem will delay its certification of the Boeing 737 Max 10 as the agency assesses whether it poses a safety issue, a potential setback for the manufactu…
Michael Burry believes the AI bubble 'may burst' sooner than he first believed
Michael Burry is moving up the timeline for his bearish thesis on the fate of the artificial intelligence boom.
Corn Falling Back Early on Monday as Traders look for US/China Details
Corn price action is down 3 to 4 ½ cents early on Monday, getting spillover weakness from soybeans. Futures found strength throughout the Friday session, as contracts closed 10-15 cents off the early lows and steady to …
Trump to announce plan for $15 billion steel plant, would be largest in U.S. history
President Donald Trump on Monday will announce a steel-making company's plan to invest about $15 billion to build what would be the largest plant of its kind in U.S. history, a White House official confirmed to CNBC.
‘I’m never selling’: I’m 47 and buy bitcoin with every dollar I earn. Am I crazy?
‘I’m never selling’: I’m 47 and buy bitcoin with every dollar I earn. Am I crazy? “When my paycheck lands, it takes a detour through bitcoin.” Read at source
IRS hires Joseph Velli to help administer Trump accounts
The Internal Revenue Service has hired Joseph Velli as a senior advisor to Chief Executive Officer Frank Bisignano to help administer Trump Accounts, according to an email Bisignano sent to senior leaders at the IRS tha…
Form 8K Proem Acquisition Corp I Unit For: 28 September
Since 2018, Astro Digital has delivered nearly 40 satellites across 16 mission types for more than 30 customers, including NASA, the Department of Defense, Boeing, and Sony.
Stocks Retreat as Bond Yields Surge
The S&P 500 Index ($SPX) (SPY) is down by -0.92% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.75%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.55%. December E-mini S&P futures (ESZ26) are do…
Meta hires MongoDB CEO CJ Desai to lead enterprise unit. MongoDB shares crater
MongoDB CEO CJ Desai is joining Meta Platforms as its chief enterprise platform officer and will report directly to Meta CEO Mark Zuckerberg.
Senate tees up college sports bill aimed at regulating NIL deals
The Senate on Monday is slated to vote to create a national framework for name, image and likeness deals in college sports as one of its last acts before the chamber gears up to leave town later this week ahead of the 2…
Stocks Settle Higher as Crude Prices Fall on US-Iran Deal Hopes
The S&P 500 Index ($SPX) (SPY) closed up by +0.51% on Friday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +0.93%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.42%. December E-mini S&P futures (ESZ…
SpaceX is moments away from monumental Starship launch
"This act so completely offended Elon that he decided on the flight home that he would start his own rocket company to compete with them," former NASA deputy administrator Lori Garver wrote in a book about the commercia…