Marvell Technology surged after being announced as a new addition to the S&P 500, joining on June 22 alongside Flex, while companies like Pool Corp and Campbell’s will be removed. The AI-focused chipmaker, based in Santa Clara, designs semiconductors used in cloud computing, AI, 5G, and data infrastructure. Its stock jumped sharply on the news and has already posted major gains this year, reflecting strong … Continue reading Marvell Technology jumps 10% after news it will join the S&P 500

The United States has added major Chinese companies Alibaba Group, BYD Company, and Baidu to a Pentagon list of firms it says support China’s military, expanding a blacklist that now includes 188 companies. The designation means the firms and their subsidiaries could be barred from U.S. defense contracts under rules set to take effect soon. China condemned the move as discriminatory, while Alibaba and others … Continue reading US lists China’s BYD, Alibaba, Baidu as ‘Chinese military companies’

OpenAI has filed confidential paperwork to go public on the U.S. stock market, setting the stage for what could become one of the largest IPOs in history with a potential valuation above $850 billion. The company said it submitted a confidential S-1 filing to the SEC, allowing regulators to review financial details before public disclosure, while noting the timing of the offering has not yet … Continue reading OpenAI confidentially files for initial public offering on US stock market

Target is recalling its Up & Up baby wipes nationwide after reports that they may be contaminated with bacteria that can cause serious infections in infants. The recall covers both fragrance-free and cucumber-scented versions sold in multiple package sizes at stores and online. The U.S. Food and Drug Administration identified bacterial contamination after complaints of discoloration, irritation, and possible infections. Customers are advised to stop … Continue reading Target recalls baby wipes over risk of ‘life-threatening’ bacterial infections

Bitcoin fell sharply on Friday, dropping to its lowest level since October 2024 and extending a weekly loss of about 16%. The price slid to around $59,000 after a combination of factors, including a small Bitcoin sale by Strategy, broader market liquidations, and pressure from stronger-than-expected U.S. jobs data. The decline was also linked to shifting investor sentiment, with money flowing into AI stocks and … Continue reading Bitcoin cracks $60,000, sinking to lowest level since October 2024

Brent crude oil prices jumped more than $3 per barrel on Monday after renewed Israeli strikes in Lebanon and reports of explosions in several Iranian cities raised fears of wider conflict. Brent futures rose about 3.4% to $96.24, while U.S. crude also climbed more than 3%, reversing losses from the previous session. The gains came amid heightened tensions in the U.S.–Iran conflict and concerns about … Continue reading Oil prices climb more than $3 after Israeli strikes on Lebanon