Microsoft back as most valuable firm as Nvidia slips

Nvidia has handed back the position as the world’s most valuable company to Microsoft after its share price fell by more than 3.5% on Thursday.

Nvidia passes Apple in market cap as second-most valuable public U.S. company

Nvidia passed Apple in market cap on Wednesday as investors continue betting on the chipmaker behind the artificial intelligence boom. It is now the second-most valuable public company, behind Microsoft.

S&P 500, Nasdaq and Dow all hit record highs after encouraging inflation data

All three major indexes surged to record highs Wednesday after new data showed that inflation cooled in April after ticking up recently.

Bankrupt Steward Health puts its hospitals up for sale, discloses $9 billion in debt

Bankrupt Steward Health Care has put all of its 31 US hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday court hearing in Houston.

China’s Xiaomi joins the crowded EV race with ‘dream car’ to take on Tesla

Xiaomi formally launched its much-anticipated electric car — the new Speed Ultra 7 (SU7) sedan — on Thursday night in Beijing.

Elon Musk’s problems keep piling up as Tesla’s value slides $188 billion this year

It’s not been the greatest start to the year for Elon Musk.

Sony plunged $10 billion after its PS5 sales cut. But a bigger issue is its near decade low games margin

Around $10 billion of value was wiped off Sony’s stock last week, after the Japanese tech giant cut its sales forecast for its flagship PlayStation 5 console for the fiscal year.

Disney’s Bob Iger says the company has turned a corner, sending the stock higher

Disney has had a rough time even after CEO Bob Iger returned from a brief retirement. But the media veteran said on Wednesday that Disney is finally on the path toward success again.

Snap plunges 30% on revenue miss and light guidance, as Middle East conflict creates ‘headwind’

Snap reported revenue that trailed analysts’ estimates on Tuesday and issued a forecast that came in a bit below Wall Street expectations. The stock plunged 30% in extended trading.

Mark Zuckerberg made more than $28 billion this morning after Meta stock makes record surge

Mark Zuckerberg’s net worth increased by more than $28 billion between your morning coffee and your lunch break.

Red Sea crisis boosts shipping costs, delays – and inflation worries

Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods.

Baidu’s live streaming plans suffer as it calls off $3.6 billion Joyy deal

Baidu’s bid to expand its live streaming business in China and diversify its revenue has suffered a blow with the collapse of a planned $3.6 billion acquisition.

Apple is no longer selling the newest Apple Watch in America after the White House declines to overturn ban

The clock has wound down on the newest Apple Watch after the White House declined to issue a last-minute, emergency action to keep the best-selling smartwatch on store shelves.

Starbucks unveils plan to add 17,000 locations by 2030, cut $3 billion in costs

Starbucks on Thursday presented the latest stage in its plan to drive growth for the company, which involves accelerating its global footprint and saving $3 billion in costs over the next three years.

Peloton shares rise following a partnership with former foe Lululemon

Peloton and Lululemon, former foes, are teaming up together.

Dow sheds nearly 400 points in worst day since March as economic worries return: Live updates

The Dow Jones Industrial Average fell Tuesday after the latest home sales and consumer confidence reports stoked concern over the state of the U.S. economy.

Shares of Alibaba tumble over 3% after outgoing CEO unexpectedly quits cloud business

Shares of Chinese tech giant Alibaba fell 3.5% on Monday, after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down as chairman and CEO of its cloud business.

According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion

Elon Musk says the most outrageous things. But the message he posted at 7:04 p.m. on Labor Day evening may rank as the most negative, in fact self-indicting, assessment a corporate leader has ever issued about their own enterprise.

Robinhood buys back $605 million stake once owned by Sam Bankman-Fried

Robinhood Markets has repurchased $605 million worth of shares that previously belonged to Sam Bankman-Fried, the disgraced crypto mogul, capping a contentious ownership dispute.

Nvidia’s stock closes at record after Google AI partnership

Nvidia shares rose 4.2% Tuesday to close at a record, after the chipmaker announced a partnership with Google that could expand distribution of its artificial intelligence technology.

Publishers see dramatic drop in Facebook referral traffic as the social platform signals exit from news business

Facebook is shunning the news business in the US.

India is a rising force in Southeast Asia as region seeks to counter China’s dominance

India is taking major strides to expand its influence in Southeast Asia, a move that will allow countries to counter China’s dominance in the region.

Asia markets largely fall as investors look ahead to China inflation data

Asia-Pacific markets largely fell as investors look ahead to China’s inflation figures and trade balance later this week.

Billionaire Richard Branson’s Virgin Galactic saw a 400% jump in revenue, thanks to its space flights and ‘membership fees’ for astronauts-to-be

Space travel company Virgin Galactic’s revenues have skyrocketed along with its first commercial space flights.

Starbucks’ sales in China come roaring back

Starbucks’ China business is back after dropping due to Covid restrictions last year.

Meta stock climbs after company posts 11% revenue growth

Meta’s “year of efficiency” seems to be paying off.

‘Barbenheimer’ gets off to hot start with $32.8 million in combined Thursday sales

“Barbenheimer” is off to a red-hot start at the domestic box office.

Tesla profits climb despite price cuts

Tesla reported a much bigger than expected increase in profits, despite a series of price cuts that trimmed the amount of revenue per vehicle sold.

AT&T shares hit 30 year low after toxic lead cable report

AT&T stock fell to its lowest level since 1993 on Tuesday, extending its losses following a report earlier this month that some of the country’s largest network providers left thousands of lead-covered cables in several locations across the United States.

Meta’s Threads upends social media in less than 48 hours

In less than 48 hours, Meta’s Twitter rival Threads has surpassed 70 million sign-ups, upended the social media landscape and appears to have rattled Twitter enough that it is now threatening legal action against Meta.