Technology

SpaceX's business and finances: rockets, satellite communications and budding AI

SpaceX is gearing up for a stock market debut that could value it at more than $1.75 trillion, as the Elon Musk-led company reaches for the stars in what could be the

The road to SpaceX's juggernaut IPO

Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, a person familiar with the matter told Reuters on Wednesday, taking space

SpaceX seen as make-or-break test for mega IPOs

The global IPO market has needed a win for years and Elon Musk's SpaceX could be the breakthrough.

SpaceX IPO buzz lifts aerospace shares on spillover bets

Shares of aerospace companies jumped on Wednesday as mounting anticipation of a blockbuster IPO from Elon Musk's SpaceX stirred hopes that the industry could see a renewed wave of

Franklin Templeton to acquire CoinFund spinoff to expand crypto push

Investment manager Franklin Templeton said on Wednesday it had agreed to acquire cryptocurrency investment unit 250 Digital, spun out of venture firm CoinFund, as it steps up its

ChatGPT maker OpenAI shifts its focus to business users amid Anthropic pressure

OpenAI executives say they will introduce a new artificial intelligence model for “high-value professional work” as the company faces heightened competition with rival Anthropic in attracting corporate customers to adopt AI assistants in their workplaces

SpaceX’s orbital data centers could face same hurdles as Microsoft’s abandoned undersea project

SpaceX on Wednesday filed for an IPO that Elon Musk says will bankroll an effort to turn the rocket maker into an AI powerhouse, launching up to 1 million

Automakers plan billions in US investments but seek clear trade rules

Global automakers plan billions of dollars in new U.S. investments to boost production and avoid President Donald Trump's tariffs, but

SpaceX files for IPO, sources say, offering investors stake in Musk's space ambitions

Elon Musk's SpaceX has confidentially filed for a U.S. initial public offering, two people familiar with the matter told Reuters on

Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply

Microsoft, Chevron and investment fund Engine No. 1 have entered into an exclusivity agreement for power generation and supply, the three companies said on Tuesday.

US trade panel to probe Roku, Hisense streaming and display imports for patent violations

The U.S.

Hasbro investigates cybersecurity incident, takes some systems offline

Toymaker Hasbro said on Wednesday it was investigating a cybersecurity incident after identifying unauthorized access to its network on March 28, with help from third-party

Related Digital nears $16 billion financing for Oracle data center, source says

Data center developer Related Digital is closing in on $16 billion of financing for an Oracle data center in Michigan, a source familiar with the matter said on Wednesday. 

Wall Street ends higher on speculation about end to Iran war

Wall Street ended higher on Wednesday, with strong gains in Alphabet and other heavyweights, after U.S.

South Korea's Lee says he seeks to work together with France on AI, nuclear energy

South Korean President Lee Jae Myung said ties with France must go beyond partnership and become a pursuit of strategic collaboration that includes artificial intelligence

Key milestones in NASA's Artemis moon program

NASA's Artemis program is the U.S. effort to return astronauts to the moon for the first time since the Apollo era and eventually establish a sustained human presence there, a goal

Intel looks to put millions more into SambaNova startup chaired by CEO Tan

By Jeffrey Dastin and Max A.

NASA launches first crewed lunar mission in half a century

Four astronauts blasted off from Florida on Wednesday on NASA's Artemis II mission, a high‑stakes 10-day trip around the moon that marks

Sam Altman's sister amends lawsuit accusing OpenAI CEO of sexual abuse

Sam Altman's sister amended her civil lawsuit accusing the OpenAI chief executive of sexually abusing her more than two decades ago, after the judge said she

Europe has 'maybe 6 weeks of jet fuel left,' energy agency head warns

The head of the International Energy Agency has warned that Europe has about six weeks of jet fuel left

AI is a gold mine for spammers and scammers, but Google is using it as a tool to fight back

Artificial intelligence is playing a big role in creating online spam and scams — but also in combatting it

Singapore charges one more individual with AI chip fraud 

Singapore prosecutors charged one more person with fraud on Thursday for making false representations to U.S. server supplier Dell Technologies, linking

NASA launches four astronauts on world's first crewed lunar mission in half a century

Four astronauts blasted off from Florida on Wednesday on NASA's Artemis II mission, a high-stakes voyage around the moon

China says it supports law-abiding transnational deals after reports of Meta deal review

The Chinese government supports companies with transnational operations and technology cooperation deals according to needs and the law, commerce ministry spokesperson He

Light at last for Hong Kong's Central office market after 7-year slump

Hong Kong's Grade-A office market in the city's financial core is finally hitting a floor after nearly seven years of decline, buoyed by a roaring capital

Libya's Haftar acquires combat drones despite UN embargo

Eastern Libya's military leader, Khalifa Haftar, has acquired what appear to be Chinese and Turkish combat drones,

Automakers unveil new EVs for US market despite sales downturn

Major automakers unveiled new electric vehicles at the New York Auto Show on Wednesday, despite lagging consumer demand and a sharp

Sweden to buy air defence systems for 8.7 billion crowns, defence minister says

Sweden will buy air defence and anti-drone systems worth 8.7 billion Swedish crowns ($916 million) from among others Saab and BAE Systems, the

Amazon eyes $9 billion Globalstar deal to rival SpaceX's Starlink, FT reports

Amazon is in talks to buy satellite telecom group Globalstar as it ramps up efforts to build its own low-earth-orbit satellite business to rival SpaceX's Starlink, the Financial

Russian nuclear missile forces hold drills in Siberia

Russian strategic missile forces have conducted drills in Siberia involving camouflaged movements of Yars intercontinental ballistic missiles that are capable of delivering

Tesla's China-made EV sales rise for second straight quarter

Tesla's China-made electric vehicle sales rose for a second consecutive quarter, holding up despite intensifying competition as the U.S. automaker broadened its focus

QVC prepares for bankruptcy protection in the era of influencers, TikTok and Temu

The owner of home shopping network pioneer QVC _ which for years garnered the attention of millions of TV viewers looking for a deal on baubles and housewares, is planning to file for Chapter 11 bankruptcy protection

Paramedics can now give blood on scene. It's transforming trauma care.

Paramedics can now give blood on scene. It's transforming trauma care.

Brazilian payments firm Ebanx makes Southeast Asia push

Brazilian cross-border payments company Ebanx said it is expanding global operations, with a focus on Southeast Asia, strengthening its footprint

Stellantis, Microsoft sign five-year partnership for AI push

Stellantis and Microsoft said on Thursday they agreed to a five‑year strategic partnership to co-develop artificial intelligence (AI), cybersecurity and engineering

Israel's El Al to buy up to 12 more Boeing 787s for $1.5 billion

El Al Israel Airlines said on Thursday it would buy up to 12 more 787 Dreamliner aircraft from Boeing in a deal worth $1.5 billion, taking advantage of

Boeing hiring more than 100 factory workers a week to boost output, replace retirees

Boeing is hiring around 100 to 140 factory workers a week, the highest pace since 2024, as the U.S. jetmaker replaces retirees and

How the US could clear mines from the Strait of Hormuz

As the United States embarks on clearing mines from the Strait of Hormuz, it could draw on an arsenal of drones, explosive‑laden robots and helicopters to

Google, Pentagon discuss classified AI deal, the Information reports

Alphabet's Google is negotiating an agreement with the Department of Defense that would allow the Pentagon to deploy its Gemini AI models in classified settings, the Information

Switch off and read, France's Macron tells teenagers

French President Emmanuel Macron urged high school pupils on Thursday to switch off their phones and read,

Two Americans sentenced to prison for North Korean tech worker scheme

Two Americans sentenced to prison for North Korean tech worker scheme

TPG invests $100 million in student mobility company Zum

Private equity firm TPG has made a $100 million investment in Zum, in a deal that values the student transportation company at around $1.7 billion

Starlink user growth accelerates as SpaceX eyes public market debut, report says

Starlink, the satellite internet unit of Elon Musk's SpaceX, is seeing a surge in global user growth and app downloads, market research firm Apptopia said in a report,

Charles Schwab posts record quarterly profit, set to launch spot crypto trading

Brokerage Charles Schwab on Thursday posted record first-quarter profit on the back of robust client growth and trading activity and said it would roll out spot crypto trading in

U.S. lawmakers scale back bill targeting Chinese chipmaking

A U.S. bill to keep more chipmaking equipment from China has been scaled back, according to the latest version seen by Reuters, but still includes a

AmEx to buy Altman-backed Hyper in push for AI-powered expense tools

Credit card giant American Express said on Thursday it would buy Hyper, an artificial intelligence-focused expense management startup backed by OpenAI Chief Executive Sam Altman.

Boeing unveils satellite platform, targets 26 deliveries in 2026

Boeing and its unit Millennium Space Systems are working together to expand production capacity and launch a new satellite platform as they look to fulfill a growing backlog of

Meta to raise Quest VR headset prices in US on rising component costs

Meta Platforms said on Thursday it would increase the prices of its virtual reality headsets from April 19 in the United States due to rising costs of memory chips.

Myseum takes flight after Allbirds in fresh AI rebrand wave 

A day after footwear maker Allbirds rose 582% on its plan to "pivot its business to AI compute infrastructure," social media firm Myseum was up 146% early on

Abbott trims 2026 profit forecast on Exact deal hit, shares fall

Abbott cut its annual profit forecast on Thursday due to an impact from its $23 billion acquisition of cancer test maker Exact Sciences,

Gucci-owner Kering aims to launch luxury Google glasses next year, CEO says

Kering aims to launch smart glasses under the Gucci brand in partnership with Google next year, CEO Luca de Meo told Reuters, becoming

Goldman Sachs completes Innovator Capital acquisition, lifting ETF assets to $90 billion

Goldman Sachs said on Thursday it has completed the acquisition of active exchange-traded fund provider Innovator Capital Management, expanding the Wall Street bank's presence in

Wall Street sees multi-billion dollar debut for Lilly's obesity pill despite Novo lead

Eli Lilly's newly approved weight-loss pill is expected to generate billions in sales as soon as this year, with analysts betting it will quickly narrow Novo

Russia will ask US and Israel to cease fire while it evacuates staff from Iranian nuclear plant, RIA reports

Russia will ask the United States and Israel to ensure a ceasefire while it evacuates more Russian staff from the Bushehr nuclear power plant in Iran, RIA news agency

Reactions as Artemis II astronauts lift off on historic lunar mission

Four astronauts blasted off from Florida on Wednesday on NASA's Artemis II mission, a 10-day trip around the moon that would be the farthest humans have ever traveled and a major

Rivian beats quarterly delivery estimates as EV demand stabilizes

Rivian Automotive exceeded analysts' expectations for first-quarter vehicle deliveries, indicating stabilized demand for its SUVs and R1T pickup trucks

Tesla deliveries mark weakest quarter in a year, inventory swells

Tesla kicked off 2026 with its weakest quarterly deliveries in a year, missing Wall Street expectations as fading U.S. incentives and intensifying global

Netflix searches for franchises after losing out on Harry Potter

After losing its bid for Warner Bros

Australia's regulator says ASX favoured shareholder returns over system resilience

The Australian Securities Exchange has an 'insular and defensive' culture that prioritised delivering higher shareholder returns over ensuring critical market

Amazon must negotiate with Staten Island warehouse workers, NLRB says

Amazon must negotiate with a labor union representing some 5,000 workers at a company warehouse on Staten Island, the National Labor Relations

SpaceX has held talks with Saudi fund for possible $5 billion investment in IPO, sources say

Billionaire Elon Musk’s SpaceX has had discussions with Saudi Arabia’s Public Investment Fund about PIF potentially taking an anchor stake

Coinbase gets conditional US approval for trust charter

Coinbase Global has received conditional approval from banking regulators for a national trust company charter, it said on Thursday, a move that could boost the top U.S.

OpenAI acquires technology talk show TBPN in surprise move

OpenAI, jostling with Anthropic for enterprise customers, has bought TBPN, an online tech talk show that has built a loyal Silicon Valley following through interviews with industry

Blue Owl limits withdrawals from two funds after historic surge in redemption requests

Blue Owl told investors Thursday that it is limiting withdrawals from two of its funds after a historic level of redemption requests came in for the first

Broadcom taps Alphabet executive Amie Thuener as next CFO

U.S. chip designer Broadcom on Thursday named Alphabet executive Amie Thuener as its next finance chief, effective June 12, when incumbent Kirsten Spears retires.

Zelenskiy offers Ukraine's maritime expertise with Strait of Hormuz

President Volodymyr Zelenskiy on Thursday offered to provide Ukraine's expertise in dealing with freedom of navigation in the Black Sea to countries considering how to keep the

Ahead of Greek social media ban, parents desperate to separate children from phones

Greek mother Georgia Efstathiou has tried everything to loosen the grip that social media has on her 14-year-old son: heart-to-

SpaceX targets more than $2 trillion valuation in IPO, Bloomberg News reports

Elon Musk's SpaceX boosted its target IPO valuation above $2 trillion, Bloomberg News reported on Thursday, citing people familiar with the matter, setting the stage for what could

Brazil's Braskem boosted by petrochemical prices, but debt problem looms

Rising petrochemical prices have buoyed the long-term prospects for Brazil's Braskem, even as the company is racing against the clock to deal with

Brazil's Embraer posts 47% increase in first-quarter deliveries

Brazilian planemaker Embraer delivered 44 aircraft in the first quarter, up 47% from the same period last year, it said in a securities filing on Thursday.

Tesla eyes Japan's top imported-car spot as it expands store, service network

Tesla plans to expand in Japan to at least 60 stores as it seeks to become the country's biggest imported car brand by as early as next year, the head of its Japan business

Microsoft to invest $10 billion in Japan for AI and cyber defence expansion

Microsoft on Friday said it will invest 1.6 trillion yen ($10 billion) in Japan between 2026 and 2029 to expand artificial intelligence infrastructure and strengthen

US targets Chinese chipmaking with proposed export restrictions on ASML and others

A cross-party group of U.S. politicians have proposed a law to impose further restrictions on exports of computer chipmaking equipment to China,

Moscow shoppers and travellers hit by payment system problem

A problem with payment systems sowed chaos on Friday for some Russian shoppers, forcing the turnstiles on the Moscow metro to allow people to enter without payment and even

North American farmers pinch pennies on farm machinery as profitless growing season approaches

Farm machinery salespeople are wrapping up a dismal season of farm shows across North America as farmers gear up for spring planting without much

Trump administration proposes expanding Chinese tech gear crackdown

The Federal Communications Commission on Friday proposed to ban the import of Chinese equipment from a group of manufacturers after previously

United Airlines to introduce tiered fare categories for premium cabins

United Airlines said on Friday that it plans to introduce a new tiered fare structure in premium cabins starting this year.

South Korea, France agree to deepen defence and energy ties amid Middle East conflict

South Korean President Lee Jae Myung and

French Open prize money up 10% to $72 million overall

French Open prize money has increased by about 10% for an overall pot of 61.7 million euros ($72.1 million)

Chinese Politburo member Ma Xingrui under investigation by anti-graft watchdog

Ma Xingrui, a member of China's elite Politburo who had risen rapidly through the ranks after working as a rocket scientist, is under investigation over suspected "serious

DeepSeek's V4 model will run on Huawei chips, The Information reports

China's DeepSeek's new model called V4 will run on the latest chips designed by Huawei Technologies, U.S. digital news outlet The Information reported on Friday.

Simple ways to make meetings work better for employees on the autism spectrum

Employees on the autism spectrum and employers that want to embrace neurodiversity can make work environments more welcoming for people who may struggle with job-related social interactions

Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reports

Elon Musk is requiring banks and other advisers working on SpaceX’s planned IPO to buy subscriptions to Grok, his artificial intelligence chatbot, the New York Times reported on

China moves to regulate digital humans, bans addictive services for children

China's cyberspace regulator issued draft regulations on Friday to oversee the development online of digital humans, requiring clear labelling and banning services that

SpaceX delays next Starship test launch by a month, Musk says

SpaceX CEO Elon Musk said on Friday that the company's next Starship test flight will take place in May and not April as originally scheduled.

Consumer megadeals make a rare comeback in the first quarter

Two blockbuster mergers involving U.S. food companies, struck within 24 hours, gatecrashed the ranks of the biggest global transactions of the

Telegram's Durov says Russia triggered payment system problem by blocking VPNs

Telegram founder Pavel Durov said on Saturday Russia's attempt to block Virtual Private Networks triggered a problem with a domestic payment system, adding that tens of

Lucid misses first-quarter vehicle delivery estimates on supplier disruptions

Lucid Group missed expectations for first-quarter vehicle deliveries on Friday, hurt by a temporary sales halt and recall tied to an unauthorized supplier change.

Cyberattack targeted Italy's Uffizi but nothing stolen, museum says

Florence's Uffizi Galleries said on Friday they had been hit by a cyberattack earlier this year, but denied a newspaper report that the incident caused a major security

Russia evacuates 198 more staff from Iran's Bushehr nuclear plant, agencies report

Russia's state nuclear company Rosatom evacuated a further 198 of its staff from Iran's Bushehr nuclear power plant on Saturday, Russian news agencies reported.

Foxconn first-quarter revenue jumps, company cautions on geopolitics

Taiwan's Foxconn, the world's largest contract electronics maker, reported a 29.7% on-year rise in first-quarter revenue on strong demand for artificial intelligence

Two more detained over arson attack on Czech defence factory

Authorities detained two more people in connection with the arson attack on a Czech optics and drone factory last month, Czech police and a public prosecutor's office said

Satellite firm Planet Labs to indefinitely withhold Iran war images

Satellite imaging firm Planet Labs said on Saturday it will indefinitely withhold visuals of Iran and the region of conflict in the Middle East to

Britain woos Anthropic expansion after US defence clash, FT says

Britain is trying to tempt Anthropic to expand its presence in the country, as it seeks to capitalise on a fight between the maker of artificial intelligence app Claude and the U.S

Samsung Elec likely to report stupendous surge in quarterly profit to record level

Samsung Electronics, benefiting from red-hot chip prices stoked by the AI boom, is expected to book a six-fold jump in operating profit for January-March - a

Iran accuses UN nuclear watchdog of inaction, warns of risk from attacks

Inaction by the UN nuclear watchdog "emboldens aggression" against nuclear facilities such as the Bushehr power plant, Iran's atomic energy chief Mohammad Eslami said on

North Korea working on carbon-fibre ICBM for multi-warhead delivery, Seoul says

North Korea's test of a solid-fuel rocket engine is intended for intercontinental ballistic missiles (ICBM) built with carbon fibre to extend range and allow for delivery of

IAEA confirms impact of recent strikes near Iran's Bushehr nuclear power plant

The International Atomic Energy Agency on Monday said it can confirm recent impacts of military strikes close to Iran's Bushehr nuclear power plant, but said that the plant itself

US nuclear power regulator phases out agency-led commando drills at plants

The U.S. nuclear power regulator voted last week to phase out agency-led security

Neurocrine expands into metabolic diseases with $2.9 billion Soleno buyout

Neurocrine Biosciences will acquire rare-disease drugmaker Soleno Therapeutics for $2.9 billion in cash, the companies said on Monday, marking the neuroscience-

Goldman Sachs' private credit fund defies sector-wide spike in redemptions

Goldman Sachs' private credit fund disclosed on Monday that investors sought to repurchase just under 5% of shares in the first quarter, setting it

Astronomers measure the mind-blowing power and speed of black hole jets for the first time

Scientists for the first time have measured the instantaneous mind-blowing power of jets blasting from a black hole

Larry Gies' Madison Air targets $13.2 billion valuation in US IPO

Ventilation and filtration systems provider Madison Air Solutions said on Monday it was targeting a valuation of up to $13.2 billion in its U.S. initial

Car site Edmunds tests a Chinese SUV, says it should worry US automakers

Popular car-shopping website Edmunds put a Chinese vehicle through a series of

Oracle hires Schneider Electric's Maxson as CFO amid AI spending boom

Oracle on Monday named Hilary Maxson as its chief financial officer, tapping an executive with deep experience in infrastructure and energy as it ramps up

Health information delivered as a video game can bridge the communication gap between patients and providers

By letting people make choices and experience the outcomes of those choices, gaming provides a much more hands-on way of learning about health.

Investors press Amazon, Microsoft and Google on water, power use in US data centers

New Jersey cannot regulate Kalshi's prediction market, US appeals court rules

A federal appeals court ruled on Monday that New Jersey gaming regulators cannot prevent Kalshi from allowing people in the state to use its prediction market to

Maker of Stanley tumblers prevails in lawsuit over lead scare

A federal judge dismissed a proposed class-action lawsuit accusing the maker of Stanley tumblers of concealing that the popular water bottles contained lead.

Ukraine missile maker targets 'game changer' air defence system by 2027

Fire Point, maker of Ukraine's Flamingo cruise missile, is in talks with European companies to launch a new air defence system by next year, a senior

Nvidia acquisition of SchedMD sparks worry among AI specialists about software access

By Max A.

US ends probe into Tesla remote driving feature after software updates

The U.S.

Ford recalls over 420,000 vehicles in US over windshield wiper failure

Ford Motor is recalling 422,613 vehicles in the U.S. over a failure of the windshield wiper, the U.S. National Highway Traffic Safety Administration said on Tuesday.

Washington DC’s 240 million-gallon sewage spill is a symptom of nationwide trouble

The largest sewage spill in US history wasn’t the first, and it won’t be the last.

HVAC firm Madison Air raises $2.2 billion in US IPO

Indoor air systems provider Madison Air Solutions said on Wednesday it had raised $2.23 billion in the biggest U.S. initial public offering so far this year.

Aerospace parts maker Arxis raises $1.13 billion in US IPO

Aerospace parts maker Arxis said on Wednesday it raised $1.13 billion in its U.S. initial public offering after pricing shares at $28 each.

South Korea, Vietnam leaders to meet in Hanoi next week, sources say

Vietnam's president To Lam is set to meet his South Korean counterpart Lee Jae Myung in Hanoi next week, five people familiar with the matter said.

Elliott takes stake in Japan's Daikin, calls for higher returns

Elliott Investment Management said on Thursday it has taken a stake in Daikin and thinks the manufacturer of air conditioners should improve margins and

Pentagon approaches automakers, manufacturers to boost weapons production, WSJ reports

Senior U.S. defense officials have held talks about producing weapons and other military supplies with top executives of companies including General Motors and Ford Motor, the

European banks can withstand current shocks, watchdog head says

European lenders are resilient enough to absorb current financial and geopolitical shocks but need to prepare for future uncertainties including

Musk's staff reaches out to suppliers for Terafab project, Bloomberg News reports

Elon Musk's staff have reached out to chip industry suppliers for his Terafab AI chip complex project with SpaceX and Tesla, Bloomberg News reported on Wednesday. 

Circle CEO sees 'tremendous opportunity' for yuan-backed stablecoin

Circle Internet Group sees  "tremendous opportunity" for yuan-backed stablecoin as digital money becomes increasingly integrated into

TSMC Q1 profit jumps 58% to record, beats expectations

TSMC, the world's largest contract chipmaker, posted a 58% jump in first-quarter net profit on Thursday, beating market forecasts and hitting a record, as it benefits from

German banks examine risks of Anthropic's Mythos with authorities

German banks and national authorities are examining risks around Anthropic's new artificial intelligence model, an official said on Thursday, amid concerns

OpenAI CEO Altman seeks dismissal of sister's punitive damages claims in sexual abuse lawsuit

Sam Altman is seeking the dismissal of punitive damages claims in his sister's civil lawsuit accusing the OpenAI co-founder and chief executive of repeated

Prince Harry praises Australia's leadership on social media ban as Meghan tells of online bullying

Britain's Prince Harry on Thursday praised Australia's "epic" leadership on curbing harmful social media use for teens, as his wife Meghan, Duchess of

Samsung asks court to block illegal strike activities by unions

Samsung Electronics asked a court on Thursday to block its South Korean labour unions engaging in illegal activities during strike, a spokesperson said, as a wage dispute

German car buyers keen on Chinese EV maker BYD in first quarter, data shows

Chinese car brands such as BYD are gaining traction among German consumers who are increasingly looking to buy electric cars amid rising

Relaxation of US day-trading rules opens door to YOLO trading, higher risk

A regulatory move allowing smaller, everyday investors to engage in more day trading

Starlink outage hit drone tests, exposing Pentagon’s growing reliance on SpaceX

Last August, U.S. Navy officials carrying out a test of unmanned vessels realized they had hit a single point of failure: Starlink.

Google should allow third-party search engines access to data, EU says

The European Commission has proposed that Google allow third-party search engines to access its search data, including that of artificial intelligence chatbots with

TSMC lifts revenue forecast, pledges more capital spending to meet AI chip demand

TSMC raised its annual revenue forecast on Thursday and said it was stepping up capital spending this year as the world's

Strong ASML, TSMC forecasts signal AI spending boom is intact

Strong forecasts from ASML and TSMC this week point to another quarter of hefty spending by American cloud-computing giants as they race

Netflix debuts new 'Playground' gaming app for kids

Netflix doubled down on its gaming efforts on Monday, launching a new app called "Netflix Playground" that would feature games built around popular

OpenAI urges California, Delaware to investigate Musk's 'anti-competitive behavior’

OpenAI urged the California and Delaware attorneys general to consider investigating Elon Musk and his associates' "improper and anti-competitive behavior", ahead of a trial

Under global spotlight, Australia plays hardball on social media ban

Since Australia banned children from using social media in December, lawmakers from Spain to Malaysia have expressed interest in following suit, while U.S.

FAA proposes to hire 2,300 air traffic controllers in budget request

The Federal Aviation Administration said Monday it is proposing to hire 2,300 air traffic controller trainees as it works to address a persistent

Broadcom signs long-term deal to develop Google’s custom AI chips

Broadcom said on Monday it has signed a long-term agreement with Google to develop and supply future generations of custom artificial intelligence chips and other components for

Chinese pigs fed new menu as Beijing weans farmers off US soy

At the edge of one of the many pig farms spread across the vast, unbroken floodplains of Taizhou, a two-hour drive northwest of

China targets Taiwan's chip prowess to evade global 'containment', Taipei government says

China is targeting Taiwan to obtain its advanced chip manufacturing technology and talent as a way of breaking through international "containment" of the country, according

Ukraine's attack drone fleet faces a mini jet engine supply crunch

Specialist mini jet engine makers across Europe are ramping up production and investment to head off

Samsung flags eightfold jump in quarterly profit as AI chip demand pumps prices

Samsung Electronics on Tuesday projected its first-quarter earnings would exceed its entire profit for last year, beating expectations as

LG Energy Solution flags Q1 operating loss on weak EV demand

South Korean battery maker LG Energy Solution (LGES) said on Tuesday it expects to post a first-quarter operating loss of 208 billion won ($138.16 million), as weaker demand

SpaceX lays out IPO details, targets early June roadshow, sources say

SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of

‘Wait for death’: Inside Iran’s psychological war against its enemies

‘Wait for death’: Inside Iran’s psychological war against its enemies

Depressed tech valuations could offer entry point for investors, Goldman Sachs says

Technology stocks, including those from the United States, are looking cheap following a prolonged period of underperformance, creating a potential entry point for investors,

ASML shares fall on US Congress plan to further restrict China exports

Shares of computer chip equipment maker ASML dipped on Tuesday, the first trading day after U.S. lawmakers last week proposed a law that could further restrict the

Artemis II moon crew flies farther than humans have ever gone before

The four astronauts of NASA's Artemis II mission flew deeper into space on Monday than any humans before them, as they cruised through a

Uber bets on Amazon's custom chips to boost AI efforts

Uber is using Amazon's custom chips to speed up computing and train artificial intelligence models, the cloud giant said on Tuesday, as the ride-hailing firm seeks advanced

Deere settles US right-to-repair lawsuit with $99 million fund, repair commitments

U.S. agriculture equipment maker Deere on Monday agreed to pay $99 million into a settlement fund for farms and farmers that are part of a class action over costs and access to

Novo Nordisk launches higher-dose Wegovy in the United States

Novo Nordisk said on Tuesday that it has made a higher-dose version of its blockbuster weight-loss drug Wegovy available across the United States.

Vape makers turn to 'Made in America' credentials amid Trump's tariffs, crackdown

The U.S. vaping market, long dominated by Chinese imports, is seeing an uptick of "Made in America" products, in what some analysts and industry executives

Fox to integrate Kalshi prediction market data across news platforms

Fox Corp said on Tuesday it will integrate Kalshi's prediction market data across its news and streaming platforms, reflecting a broader trend among media organizations to use

Blockbuster SpaceX listing could suck the oxygen out of fragile IPO market

As Elon Musk's SpaceX closes in on a $75 billion IPO that could rewrite record books, concerns are mounting that others looking to list in 2026 may find it harder to

Southwest Airlines to limit passengers to one portable charger on flights

Southwest Airlines said on Tuesday it will limit passengers to one lithium portable charger on flights and ban them from being stowed in overhead

Intel joins Musk's Terafab AI chip project to power humanoid, data center goals

Intel said on Tuesday it will join Elon Musk's Terafab AI chip complex project with SpaceX and Tesla to make processors powering the tech billionaire's

Iranian hackers' targeting of US critical infrastructure has escalated since start of war, US says

Iranian hacking campaigns targeting equipment used across multiple U.S. critical infrastructure sectors are escalating in response to hostilities, U.S. cybersecurity,

Amazon strikes deal with USPS that maintains 80% of package volume

Amazon.com on Monday announced it reached a new agreement with the U.S.

Apple's foldable iPhone faces engineering snags, potential shipment delays, Nikkei Asia reports

Apple has been encountering setbacks in the engineering test phase of its first foldable iPhone, which could lead to delays in its mass production and product shipment schedule,

PIMCO weighs $14 billion debt deal for Oracle's Michigan data center, Bloomberg News reports

Pacific Investment Management Co. is in talks with the Bank of America to help provide roughly $14 billion of debt financing to build an Oracle data center in Michigan, Bloomberg

Anthropic touts AI cybersecurity project with Big Tech partners

Anthropic on Tuesday announced an initiative with major technology companies, including Amazon.com, Microsoft and Apple, that lets partners preview an advanced model with

Taiwan's chipmaker TSMC reports 58% jump in profit, warns about Iran war impacts

Taiwan’s chipmaker TSMC has reported a 58% jump in profit for the January-March quarter thanks to strong demand driven by the artificial intelligence boom even as the Iran war was driving up costs

Hyundai resuming new Palisade SUV sales after finalizing fix

Hyundai Motor said on Tuesday it is lifting a halt on sales of recalled 2026 Palisade SUVs after finalizing a fix for a power seat issue that

US and Canadian astronauts capture global attention with Artemis II moon flight

The voyage of four astronauts to the far side of the moon has given the world a glimpse of America at its best, offering a respite from global despair and

Floodwaters inundate Wisconsin streets, trapping drivers, as Midwest rebuilds after storms

Floodwaters from record rainfall in Wisconsin have inundated streets, trapping drivers and forcing officials to close sections of a highway

How Trump’s repeated efforts to fire Federal Reserve Chair Powell harm the economy – and make battling inflation harder

Politicians have long coveted control over monetary policy. Good economic governance requires that they don’t get it.

The 'becoming Chinese' meme shows China's soft power moment is here

Young Western social media users are embracing a “very Chinese time” of their lives, and China’s government is keen to use this moment to boost the country’s cultural influence worldwide

USC student who lost an eye at ‘No Kings’ protest disputes federal account of crowd warnings

USC student who lost an eye at ‘No Kings’ protest disputes federal account of crowd warnings

Ukraine says it is employing new integrated drone-infantry warfare system

Ukraine's Defence Ministry said on Wednesday it was introducing a new model of combat operations integrating drone warfare with infantry and pointed to successes it said had been

Jury finds Live Nation and Ticketmaster operated as a monopoly and overcharged fans

Jury finds Live Nation and Ticketmaster operated as a monopoly and overcharged fans

Ford's advanced EV-and-tech chief to leave the company 

Doug Field, a Tesla and Apple veteran who has led Ford Motor's electric-vehicle and technology efforts for nearly five years, is leaving the automaker. 

Madison Air raises $2.2 billion in US IPO

Indoor air systems provider Madison Air Solutions said on Wednesday it had raised $2.23 billion in its U.S. initial public offering.

Nasdaq sets record highs as investors return to tech stocks

The Nasdaq hit an intraday all-time high and closing record on Wednesday, its first since October, as investors returned to technology stocks, signaling a rebound in risk appetite

Nuclear reactor developer X‑Energy targets $7.5 billion valuation in US IPO

Amazon-backed X-Energy is targeting a valuation of up to $7.51 billion in its initial public offering in the United States, the nuclear reactor developer said on