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Exclusive-Beijing is looking at curbing overseas access to China’s top AI models, sources say Source link
Amazon plans to raise at least $25 billion through an eight-part bond sale, as it looks to continue its massive artificial intelligence buildout, sources told CNBC’s David Faber.The company has also shared with its underwriters that it won’t issue any more debt this year, according to people familiar with the matter, who asked not to be named because the details are private.Amazon disclosed plans for the capital raise in a filing with the SEC on Tuesday, but it didn’t disclose the dollar amount. Bloomberg was first to report the value of Amazon’s bond sale.The debt sale comes after Amazon raised…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldNato allies on Tuesday unveiled tens of billions of dollars of defence industry deals to buy surveillance planes and advanced drones — and to show US President Donald Trump that Europe was spending more.“It is money well spent,” Nato secretary-general Mark Rutte said at the start of the landmark Nato summit in Turkey. Trump, who landed in Ankara for the summit on Tuesday afternoon, has previously called Nato “a paper tiger” that would be unable to function without US leadership…
Here are Tuesday’s biggest calls on Wall Street: Deutsche Bank upgrades First Solar to buy from hold Deutsche said shares are compelling. “With carefully selected buy ratings across our Clean Tech coverage, First Solar remains one of the fundamentally strong business for investors looking for a US based panel production company along with a strong balance sheet.” Read more. KeyBanc reiterates Nvidia as overweight Key said the stock remains best positioned. “We see NVDA as remaining uniquely positioned to benefit from AI/ML secular data center growth within the industry.” TD Cowen initiates US Foods as buy The firm said it’s…
InsuranceDekho parent picks banks for up to $400 million India IPO – Bloomberg Source link
In 2022, Amazon secured contracts to launch most of the remaining Amazon Leo megaconstellation on ULA’s Vulcan, Europe’s Ariane 6, and Blue Origin’s New Glenn rockets. Amazon has since booked 13 rides on the Falcon 9 rockets from SpaceX, whose Starlink broadband network is a competitor of Amazon Leo. The Vulcan rocket is supposed to be the workhorse for Amazon Leo. The tech and retail giant has reserved 38 launches on Vulcan rockets and funded the construction of a dedicated new rocket assembly hangar at Cape Canaveral to support the ramp-up of Vulcan’s launch cadence. “Atlas V has played a…
A motherboard from one of Rivian’s all-electric vehicles.Michael Wayland / CNBCRivian Automotive stock was down by more than 10% during premarket trading on Tuesday after the electric vehicle maker announced a public offering of 75 million shares of its Class A common stock.The capital raise occurred during extended hours trading. Rivian shares rose 8.1% on Monday after increasing 19% last week.Based on Monday’s close of $20.14 per share, Rivian would raise roughly $1.51 billion with the offering. Rivian said in a filing that it plans to use the proceeds to fund equity contributions as part of a loan agreement with…
Why is Shopify stock climbing today? Source link
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Tuesday. It’s also slated to be SpaceX’s first day in the Nasdaq-100.Stock futures are mixed after a winning day for Wall Street.Here are five key things investors need to know to start the trading day:1. Let freedom ringU.S. President Donald Trump rings the opening bell for the New York Stock Exchange (NYSE) and Nasdaq during an event to mark the launch of “Trump Accounts” in the Oval Office at the White House in Washington, D.C., U.S., July 6, 2026.Evan Vucci | ReutersA piece of Wall Street came…
Nigel Farage says he will make a statement on his “future in public life” amid renewed scrutiny over financial support he has received.The Reform UK leader’s statement from 14:00 BST comes after it emerged he did not declare benefits provided by an ally once convicted of fraud in the US. Rival parties want this to be subject to a parliamentary probe. Separately, Farage has been under investigation from Parliament’s standards commissioner since May after not declaring a £5m gift he received from a billionaire Reform UK donor before his election as Clacton MP.Farage argues that he was not obliged to…