Meta’s stock best week in over two years optimism builds AI strategy
Meta CEO Mark Zuckerberg attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 9, 2026. Brendan McDermid | Reuters Meta shares rallied on Friday, lifting their gains for the…
How Apple stock rode the AI rollercoaster to record highs in 1 chart
Apple’s stock has had a bumpy ride this year. But it’s been a lot more pleasant lately — so much so that shares posted their first record close in over a month during Thursday’s session. In doing so, Apple stands out among the rest of…
The AI race is shifting from bigger models to cheaper, smarter systems
For the past two years, the artificial intelligence race has been easy to score: bigger models, better benchmarks and whichever company could claim the lead, at least until the next launch. That scorecard is starting to look incomplete. As companies move…
Apple sues OpenAI alleging trade secret theft
Sam Altman, chief executive officer of OpenAI Inc., left, and Tim Cook, chief executive officer of Apple Inc., during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. US President…
Trump admin export rule benefits UAE firm MGX
The Commerce Department on Friday moved toward easing export controls on the United Arab Emirates, including by saying it will «favorably review» export license applications for MGX, the UAE-backed investment firm that used a stablecoin linked to…
OpenAI power consolidates under co-founder Greg Brockman ahead of IPO
Greg Brockman, president of OpenAI, arrives at a federal courthouse as the trial in Elon Musk’s lawsuit over OpenAI’s for-profit conversion continues, in Oakland, California, May 6, 2026. Manuel Orbegozo | Reuters There’s a new…
SK Hynix rises 13% in Nasdaq debut. Chairman says ‘demand is enormous’
SK Hynix rose 13% in its first day of trading on Nasdaq, closing at $168.01, as U.S. investors jumped at the opportunity to get a stake in South Korea’s second-most valuable company. The stock is trading under the ticker symbol SKHYV, and will…
The ETF market is pushing the limits of the leverage it can handle
Next week, several exchange-traded fund companies plan to hit the market with the latest ETFs, offering a way to add leverage to bets on single stocks, in this case, on the South Korean chip giant SK Hynix, which began trading in the U.S. on Friday. The…
Trump purges Election Assistance Commission members
U.S. President Donald Trump speaks to members of the press aboard the new Air Force One on July 8, 2026. Win Mcnamee | Getty Images President Donald Trump ousted the three remaining members of the Election Assistance Commission, with less than four…
Beta wraps first test flight in big U.S. government bet on air taxis
BETA Technologies’ all-electric ALIA CTOL conventional takeoff and landing aircraft flies over Chicago. Courtesy: BETA Technologies Beta on Friday said it wrapped up the first test flights in the U.S. government’s sweeping electric vertical…