The artificial intelligence leader has added David Vélez of Nubank and Robin Vince of BNY Mellon to its board, signaling a strategic move to bolster financial expertise and corporate governance as it weighs a public listing.
A senior Democratic senator has called on financial industry groups to disavow a new paid service from Trump Media & Technology Group offering high-speed access to Donald Trump's social media posts, citing concerns over 'information asymmetry' and potential conflicts of interest.
Mega-cap tech firms like Arm and SanDisk led market gains on Tuesday, while the small-cap segment saw extreme divergence with some stocks soaring and others, like Zhengye Biotechnology, plunging.
Investors are closely watching a wave of quarterly earnings reports from market bellwethers including Alphabet, Tesla, and Texas Instruments, seeking clues on the health of the tech, auto, and semiconductor sectors.
Investors are closely watching the U.S. Energy Information Administration's weekly crude oil inventory report, due Wednesday, for insights into energy demand and its potential impact on inflation. The economic calendar also features key data on the U.S. housing market and a 20-year Treasury bond auction.
The National Coal Council, a federal advisory body, has urged the Trump administration to provide financial support, including grants and loan guarantees, to maintain existing coal-fired power plants and facilitate the construction of new ones.
Senator Elizabeth Warren has called on the Government Accountability Office to investigate a reported 25% reduction in staff at the Commodity Futures Trading Commission, citing concerns that the cuts could undermine the derivatives regulator's enforcement capabilities.
Shares of Micron Technology (MU) rallied more than 12% on Tuesday, breaking a key resistance level as long-term technical indicators on its weekly and monthly charts pointed to a strong upward trend, according to market data analysis.
AI firm Databricks is raising approximately $3 billion at a new $188 billion valuation, a move its CEO says is driven by an urgent need to acquire more GPUs to meet overwhelming customer demand for its AI services.
