Dow Ends Up as Chips Gain, Lower Oil Prices Offset Fed Jitters
Dow ends up on Thursday, bouncing after Wednesday’s selloff. Chip stocks rallied. Lower oil prices also supported gains.
Silicon Valley stock wealth boom collides with tax bills, volatility and inequality backlash
SAN FRANCISCO — Silicon Valley’s newest wealth boom is moving from startup paper gains into real portfolios, with advisers to tech employees fielding a rush of questions on how to sell, borrow against or hold shares after SpaceX’s blockbuster listing and ahead of possible AI-company IPOs.
Bezos Called Washington Post His ‘Worst Investment,’ Book Alleges
Bezos told Trump in December 2024 that buying The Washington Post was his “worst investment,” according to upcoming book excerpts by New York Times reporters Jonathan Swan and Maggie Haberman. The story, picked up by the New York Post and Fox News, connects a private complaint from the billionaire to the bigger dispute about the Post’s direction.
STRC preferred drop challenges Saylor’s bitcoin financing plan
Strategy Inc’s preferred shares dropped again Thursday, adding pressure to a funding engine that’s pushed the one-time software firm to the top as the world’s largest corporate bitcoin holder.
Salesforce stock falls further as AI returns, Fin deal weigh on Wall Street
Salesforce Inc. shares slipped again Thursday, down 1.8% to $152.21 by midday in New York. Investors seemed to look past AI-driven revenue growth and focused on questions about whether artificial-intelligence agents could hit the core subscription model. The stock had hit a session low of $149.96.
Apple shares gain after Cook signals price increases to offset chip pressure
Apple stock moved higher early Thursday. CEO Tim Cook said Apple will hike prices on its products because of higher memory and storage chip costs, pulling the iPhone maker into the AI supply crunch. Apple was last up 0.8% at $298.25. Intel gained 7.8%, Micron was up 6.6%.
Snap falls after $2,195 Specs bet stirs Street questions
Snap stock slid in the latest quote ahead of Thursday’s open, under more pressure after investors raised doubts that a $2,195 AR glasses bet can jumpstart growth at the Snapchat owner without burning more cash. The shares were at $4.74, down roughly 8.1% from the last close.
AMC stock steady ahead of NYSE open after big rally on volume
c shares changed hands at $2.66 ahead of Thursday’s regular session on the New York Stock Exchange, steady after the previous day’s big jump. Traders are watching signs of recovery in moviegoing, but the theater chain’s large debt remains a concern. The share price gives AMC a market cap of about $1.44 billion.
Robinhood climbs after job cuts, record trading volume
Robinhood Markets stock hovered close to Wednesday’s sharp jump ahead of the U.S. open. Traders shrugged off the company’s move to cut 10% of staff, keeping their focus on record trading volumes in June, projected cost savings, and a new round of analyst upgrades for the online broker.
Kazakhstan pins $10B data center plans on Nvidia ties, state infrastructure push
Kazakhstan is moving to turn its energy sector into an AI export play, tying a $10 billion data-center project with Firebird and Nvidia backing to a new state fund aimed at finishing 16 infrastructure projects this year.
Shazeer exits Google Gemini for OpenAI in latest AI talent move
Google’s vice president of engineering Noam Shazeer, who co-led development of the company’s Gemini AI models, said Wednesday he’s leaving to join OpenAI. Shazeer is one of Google’s top AI researchers. He will move to the ChatGPT maker, according to Reuters.
Meta Drops as Fed Signal Hurts Nasdaq, AI Bet Draws Scrutiny
Meta Platforms dropped hard Wednesday, lagging the Nasdaq. Investors cut down tech giants after the Federal Reserve pointed to a possible interest-rate hike as its next step.
Microsoft Drops as AI Spend Concerns, Fed Rate News Hit Shares
Microsoft stock fell harder than the main indexes on Wednesday as the post-Fed slide hit tech heavyweights. The move put the company at the center of the latest talk about artificial intelligence costs.
Southwest Airlines, AWS set sights on 2028 for cloud and AI revamp
Southwest Airlines said Wednesday it plans to expand work with Amazon Web Services and shift to a cloud and AI-enabled operating model by 2028. The company is still working to overhaul its business after years of reliability and return issues.
ServiceNow falls as software shares retreat on Fed-rate concerns
ServiceNow shares dropped almost 6% late Wednesday, sliding for a second day as traders dumped software names following the Fed’s first meeting led by Chair Kevin Warsh. Shares last traded at $95.48, with more than 31.8 million shares changing hands.
Ford shares fall on Fed rate concerns, China software rule in focus
Ford Motor Co shares fell Wednesday, sliding as part of a market-wide decline after the Federal Reserve hinted its next step might be a rate hike, not a cut. The stock finished the day at $13.96, off about 3.1%. It was trading close to the session's low late in the day.
Allbirds pops on Smartbird AI pivot and CEO shakeup
Smartbird jumped Wednesday after the company, which used to be Allbirds, said it wrapped up its move out of footwear, rebranded, and brought in ex-Amazon Web Services exec Nadia Carlsten to run its AI infrastructure push. BIRD shares traded up roughly 50% at $5.92 before 2 p.m. in New York. Volume topped 41 million, well above typical action for the small-cap stock.
Micron gains as analysts raise AI memory outlook ahead of earnings
Micron Technology Inc shares traded higher Wednesday, bouncing back along with other chip names. Investors shrugged off Tuesday’s drop in tech and are focused on next week’s earnings, looking for signs of demand for AI memory chips.
Amazon Leo, AST SpaceMobile and China Launches: June 2026 Space and Satellite News
Arianespace’s Ariane 6 rocket launched from French Guiana on Wednesday, carrying 36 Amazon Leo broadband satellites. That’s the most satellites the Ariane has flown at once, and a test for Europe in the satellite-internet launch rush. Liftoff was at 9:22 a.m. local time, with satellite separation set for about 1 hour and 51 minutes into the mission. “36 is a milestone for us,” CEO David Cavaillolès said before launch.
uniQure Gets Go-Ahead From FDA for AMT-130 Huntington’s Gene Therapy Application
uniQure said Wednesday the U.S. Food and Drug Administration will let it use three-year data from its early Huntington’s gene therapy trial as the basis for an accelerated approval filing, changing course in the dragged-out regulatory battle over the therapy. The company will go ahead with a biologics license application in the third quarter. That application is the standard FDA process for marketing a biologic drug in the U.S.
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