Super Micro Computer Inc. (SMCI) sought to reassure customers and partners after four employees at its Taiwan unit were questioned as part of an investigation into the alleged illegal export of advanced AI servers containing Nvidia chips. The AI server maker issued an open letter on Wednesday stating that it is not a target of
Private-sector hiring slowed more than expected in June as employers added fewer workers ahead of the closely watched monthly government jobs report, while healthcare-related industries continued to account for the bulk of new employment. According to payroll processor ADP, private employers added a seasonally adjusted 98,000 jobs in June, below economists’ expectations of 110,000 and
US stocks opened lower on Wednesday as investors booked profits in semiconductor stocks following a record-breaking first half of 2026, while renewed US-Iran tensions and expectations of tighter monetary policy also weighed on sentiment. The Dow Jones Industrial Average declined 253 points. The S&P 500 slipped 0.46% while the Nasdaq Composite fell 0.68%. Semiconductor stocks
Oobit has expanded its Tether-backed non-custodial crypto payments platform to Guatemala and Paraguay, extending its Latin American footprint as demand for stablecoin-based payments continues to grow across the region. The launch allows users in both countries to spend and send cryptocurrencies anywhere Visa is accepted, covering more than 150 million merchants worldwide across online and
ServiceNow NOW and Salesforce shares climbed 5% on Wednesday after Guggenheim upgraded the software companies, arguing that their valuations have become attractive despite ongoing risks posed by artificial intelligence. The upgrade comes after a difficult year for enterprise software stocks, with investors reassessing growth prospects as AI reshapes the industry. ServiceNow shares are down 33%
Nvidia stock (NVDA) edged lower on Wednesday as investors appeared to take profits across semiconductor stocks following a record-breaking first half for the sector. Shares of Nvidia fell 2.15% to $195.79 in early trading. The decline came after the stock gained 2.6% on Tuesday and reclaimed the $200 level for the first time in several
Digital Realty stock (NYSE: DLR) fell about 5% in premarket trading on Tuesday after the data-centre landlord announced a $3.5 billion deal to buy out Blackstone’s interests in three Northern Virginia assets. At first glance, the reaction looks expected as the transaction is large, part-funded with stock, and comes after several other capital moves. But
The UK’s benchmark FTSE 100 index edged higher on Tuesday, supported by gains in industrial mining, and financial stocks, as investor sentiment improved on optimism surrounding a ceasefire in the Middle East. The blue-chip index was also on course to register its sixth consecutive quarterly gain. By 0904 GMT, the internationally focused FTSE 100 was
Britain’s competition regulator on Tuesday proposed measures that would allow app developers to direct users to alternative payment options outside Apple and Google app stores. The move is aimed at reducing fees for developers and promoting greater competition in the digital marketplace. CMA seeks to remove payment restrictions The UK Competition and Markets Authority (CMA)
Magnificent 7 stocks have retreated sharply this year and erased over $2.3 trillion in value. The closely-watched Roundhill Magnificent 7 ETF (MAGS) dropped to $60.80 from the year-to-date high of $71.17. Most companies in the group have dived in the past few months. Nvidia, the world’s largest company, has dropped by nearly 20% from its