#Stock Market
IndustryTim Cook Signs Off From His Final Apple Earnings Call After 15 Years
Tim Cook's final earnings call ended with a brief goodbye to analysts and shareholders - his 60th-plus in 15 years at Apple before John Ternus takes over.
IndustryTesla Builds Its 10 Millionth EV - Halfway to Musk's $1 Trillion Pay Target
Tesla announced its 10 millionth EV on July 30, putting Musk halfway to the 20 million vehicle milestone in his $1 trillion compensation package.
IndustryGoogle Q2 2026: Cloud Revenue Jumps 82%, Gemini Closes in on ChatGPT With 950 Million Users
Google Q2 2026 earnings: $119.8 billion revenue, Cloud up 82%, and Gemini at 950 million monthly users - closing in on ChatGPT's 1 billion.
IndustryPrysmian Signs €5.5 Billion Molex Deal to Supply Fibre Optic Cables for Data Centers
Prysmian signs a €5.5 billion, 10-year deal with Molex (Koch) to supply fibre optic cables for data centers. €550 million upfront. Prysmian shares rose 2%.
AIApple Overtakes Nvidia as the World's Most Valuable Company - First Time Since May 2025
Apple overtook Nvidia on Friday to reclaim the world's most valuable company title for the first time since May 2025 - $4.87 trillion vs $4.83 trillion.
IndustrySpaceX Stock Fell Below Its $135 IPO Price. A Lockup Releasing 911 Million Shares Comes Next
SpaceX stock dipped below its $135 IPO price Wednesday for the first time. An August lockup releasing 911 million shares - worth $123B at current prices - is the next test.
IndustryGeneral Fusion Lists on Nasdaq. Its Machine Has Already Hit 8.4 Million Degrees Celsius.
General Fusion began trading on Nasdaq today as GFUZ, the first publicly listed fusion company. LM26 has already reached 8.4 million degrees Celsius toward a 10 million degree target.
AIMeta Doubles Hyperion to 5GW in Louisiana. Add the Chips and Bloomberg Gets to $250 Billion.
Meta Hyperion data center in Richland Parish grows from 2GW to 5GW. Construction tops $50 billion. Add the hardware and Bloomberg's count exceeds $250 billion.
IndustryMicrosoft Cuts 4,800 Jobs Today - Xbox Loses 20% of Staff and Four Studios
Microsoft cut 4,800 jobs today. Xbox loses 3,200 positions this fiscal year, with four studios sold or spun off and the sales division rebuilt around engineers.
IndustryAI Claimed 31% of All June Job Cuts. Tech Employers Cut 83% More People Than Last Year.
AI led US layoff reasons for the fourth straight month. Tech employers cut 83% more workers than H1 2025. Oracle, Intuit, and GitLab all cited AI.
TechMeta Is Building a Cloud Business to Sell AI Compute, and CoreWeave Just Took the Hit
Bloomberg reported July 1 that Meta plans a cloud business to sell surplus AI compute. Meta stock jumped 10%. CoreWeave dropped 14%. Nebius 16%.
AIMicron Revenue Quadrupled to $41 Billion. Wall Street Is Calling It the Next Nvidia.
Micron revenue quadrupled to $41 billion last quarter as AI data centers ran out of HBM. Wall Street briefly pushed Micron past Meta's market cap and is calling it the next Nvidia.