Cleveland Fed President Hammack sees AI fueling inflation, says rate hikes may be necessary
“We’ve got inflation that’s too high, and it’s been too high for the past five years,” Beth Hammack told CNBC’s Sara Eisen.
AWS puts $1 billion into new AI unit to embed engineers with customers, joining growing wave
AWS FDEs will look to leave behind self-sufficient teams with new AI solutions and capabilities in a matter of weeks, the company said.
Supreme Court upholds birthright citizenship, blocks Trump order
President Donald Trump attended oral arguments in the case, underscoring his staunch opposition to granting automatic citizenship to many immigrants’ babies.
Chip stocks close out their best first-half and quarter on record. What investors should do now
It’s been a historic time for chipmakers, to say the least.
AeroVironment skyrockets 21% as dronemaker capitalizes on defense spending surge
AeroVironment is benefiting from U.S. plans to modernize the U.S. military and secure space.
Here are Tuesday’s biggest analyst calls: Nvidia, Netflix, Tesla, Alphabet, AMD, Sandisk, Block, Broadcom & more
Here are the biggest calls on Wall Street on Tuesday.
White House AI crackdown opens door for Chinese model makers to close gap
The Trump administration’s crackdown on Anthropic’s leading artificial intelligence models is looking like a gift to China.
Mike Santoli: A great first half, but some erratic behavior raises doubts about the rally’s integrity
For the past few weeks, the stock market has been attempting to rediscover some equilibrium after a stretch of semiconductor dominance, a breakdown in Mag7 stalwarts and more recently rotation toward the broader roster of non-tech stocks.
Small-cap stocks enjoy their best first half in 35 years. Here’s what’s driving it
The advance marks a sharp turnaround after years of underperformance versus large-cap peers.
Comcast is spinning out its media business. Deutsche Bank says it’s time to buy the stock
Comcast is planning to spin off NBCUniversal, which makes the stock more attractive to own, according to Deutsche Bank.