Business - Page 7

Nio Shares Surge 10 Percent After Launching ES9 Flagship SUV as China's Largest Electric Vehicle Business

Nio Shares Surge 10 Percent After Launching ES9 Flagship SUV as China's Largest Electric Vehicle

Chinese electric carmaker Nio saw its shares jump over 10 percent after officially launching the ES9, its flagship SUV with 520 kW power and 620 km range, with deliveries beginning immediately.

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SpaceX Files for Historic IPO Targeting $1.75 Trillion Valuation on Nasdaq Business

SpaceX Files for Historic IPO Targeting $1.75 Trillion Valuation on Nasdaq

SpaceX aims to raise up to $75 billion in what would be the largest initial public offering in capital markets history, with listing set for June 12.

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Nvidia Posts Record $81.6 Billion Revenue While Conceding China AI Chip Market to Huawei Business

Nvidia Posts Record $81.6 Billion Revenue While Conceding China AI Chip Market to Huawei

Nvidia reported an 85% revenue surge to $81.6 billion while CEO Jensen Huang acknowledged the company has largely conceded China's AI chip market to Huawei amid US export restrictions.

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SpaceX Executes 5-for-1 Stock Split Ahead of Record $75 Billion Nasdaq IPO Business

SpaceX Executes 5-for-1 Stock Split Ahead of Record $75 Billion Nasdaq IPO

SpaceX is processing a 5-for-1 stock split this week as it targets a June 12 Nasdaq debut that could raise $75 billion and value the company at $1.75 trillion, making it the largest IPO in history.

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Blackstone and Google Launch 5 Billion Dollar AI Infrastructure Joint Venture Powered by TPU Chips Business

Blackstone and Google Launch 5 Billion Dollar AI Infrastructure Joint Venture Powered by TPU Chips

The investment giant and the tech company are teaming up to build a compute-as-a-service platform offering 500 megawatts of AI processing capacity by 2027, challenging Nvidia's dominance in the sector.

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Samsung Labor Talks Collapse as 45,000 Workers Prepare for Historic 18-Day Chip Factory Strike Business

Samsung Labor Talks Collapse as 45,000 Workers Prepare for Historic 18-Day Chip Factory Strike

Samsung labor negotiations have collapsed ahead of a May 21 deadline, with 45,000 workers set to walk off in what would be the largest strike in semiconductor history, threatening global AI chip supply.

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Detroit Big Three Automakers Cut Over 20,000 White-Collar Jobs as AI Reshapes Workforce Business

Detroit Big Three Automakers Cut Over 20,000 White-Collar Jobs as AI Reshapes Workforce

GM, Ford, and Stellantis have collectively eliminated more than 20,000 US salaried positions from peak levels this decade, marking a 19 percent reduction driven largely by artificial intelligence adoption.

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Cerebras Stock Soars 68 Percent in Biggest Tech IPO Since Uber Before Falling on Day Two Business

Cerebras Stock Soars 68 Percent in Biggest Tech IPO Since Uber Before Falling on Day Two

AI chipmaker Cerebras Systems raised 5.55 billion dollars in its Nasdaq debut, the largest tech initial public offering in seven years, before shares dropped 10 percent on Friday.

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US Wholesale Prices Surge Past Expectations as Iran War Threatens Oil Supply Business

US Wholesale Prices Surge Past Expectations as Iran War Threatens Oil Supply

The producer price index exceeded forecasts in April while Shell's CEO warns the conflict has eliminated one billion barrels of oil production, risking global shortages within weeks.

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Global Semiconductor Sales Hit $298.5 Billion in Q1 2026, on Track for $1 Trillion Year Business

Global Semiconductor Sales Hit $298.5 Billion in Q1 2026, on Track for $1 Trillion Year

The Semiconductor Industry Association announced Q1 2026 global chip sales of $298.5 billion, up 25% from Q4 2025, with March alone reaching $99.5 billion — a 79.2% year-over-year surge that puts the industry on pace to surpass $1 trillion in annual revenue for the first time.

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Oil Prices Surge Past $105 as Trump Rejects Iran Peace Deal Business

Oil Prices Surge Past $105 as Trump Rejects Iran Peace Deal

Brent crude surpassed $105 per barrel and WTI crossed $100 after Trump dismissed prospects of an Iran peace agreement, extending the longest chokepoint disruption in modern energy history.

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S&P 500 and Nasdaq Hit All-Time Records as Alphabet Soars 10 Percent Business

S&P 500 and Nasdaq Hit All-Time Records as Alphabet Soars 10 Percent

Wall Street celebrated historic milestones as the S&P 500 and Nasdaq both reached new all-time highs, driven by strong Big Tech earnings and a solid jobs report.

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