The Daily News Now! Business

Nvidia’s AI chip dominance is under siege as Google, Amazon, Microsoft, and Meta pour billions into custom silicon to break its grip. Google and Amazon are already shipping their chips at scale—Google’s Ironwood for AI inference and Amazon’s Trainium3 for training—while Microsoft and Meta are ramping up with Maia 200 and evolving MTIA chips for generative AI. OpenAI and Tesla lag behind, partnerin...

The Federal Reserve is launching five new task forces to overhaul its monetary policy playbook, bringing in top academics, business leaders, and former central bankers to assess everything from balance sheets and communication to productivity and inflation frameworks. Led by Chair Kevin Warsh, the initiative aims to sharpen the Fed’s performance during turbulent economic times, with findings due b...

PayPal just teamed up with Polygon to supercharge its PYUSD stablecoin, letting businesses accept payments, move funds globally, and cash out locally — now available in 70+ countries. With Polygon handling billions in daily stablecoin volume, the move expands PYUSD’s reach while giving PayPal deeper global access. As the stablecoin market surges, new rivals like OpenUSD — backed by Visa, Mastercar...

Vishay Intertechnology’s stock soars over 7% after unveiling a new automotive-focused component that boosts signal transmission and saves space—timing perfectly with rising demand in automotive, industrial, and AI sectors. Strong Q1 earnings (near $840M revenue) and a book-to-bill ratio above 1 signal robust order momentum. Despite volatility and still trading below its June peak, the company’s fi...

Former Fed Chair Ben Bernanke has joined Anthropic’s new oversight board, the Long-Term Benefit Trust, bringing his crisis-management expertise to guide AI’s development for humanity’s benefit. Alongside social entrepreneur Neil Buddy Shah, former national security official Richard Fontaine, and intelligence advisor Mariano-Florentino Cuéllar, Bernanke helps navigate AI’s economic and societal imp...

WD-40 just smashed expectations with a 24.3% revenue jump to $195.1M in Q2 2026, beating Wall Street forecasts and boosting its full-year outlook to $682.5M. EPS soared 43% above estimates, sending stock up 13.8%—a clear sign of investor confidence. Operating margins climbed to 20.7%, showing improved efficiency, though free cash flow margin dipped slightly. Strong results are encouraging, but inv...

Age isn’t a hard stop for homeownership—unless you’re trying to get a reverse mortgage. Legally, you need to be old enough to sign a contract (usually 18, sometimes 21), but lenders care more about your income, credit, and down payment. First-time buyers are hitting 40 on average, and lenders assess repayment ability from jobs, investments, or even Social Security. Over 70? You’re more likely to b...

SpaceX just poured seven point seven billion dollars into AI infrastructure in Q1 — more than three-quarters of its entire capital budget — betting big on building the world’s largest AI computing cluster to power its own xAI models and rent out excess capacity. But with AI hardware aging fast and cash flow from rockets and Starlink falling short, the gamble risks draining resources faster than th...

Lazard’s stock surged over three percent after landing a $3.6 billion advisory deal with Warburg Pincus and Oxylabs — a major win that signals strong short-term momentum. But while the market cheered, investors remain cautious: one big deal doesn’t fix broader M&A sluggishness or Lazard’s year-long slide, which still lags far behind its August peak. With earnings looming and financial markets stil...

Fed Chairman Kevin Warsh is revamping the Federal Reserve with a bold new initiative: launching task forces to overhaul how the central bank operates. These expert panels—featuring top academics, business leaders, and former central bankers—will independently scrutinize everything from communication strategies and inflation targeting to balance sheet management and data collection, all to keep the...

Nvidia’s AI dominance is still unmatched, even as its stock dips and lags the S&P 500—making it a surprisingly smart bet right now. With the AI infrastructure boom far from over, Nvidia’s GPUs power the entire race, and new tech is already shipping. Big tech firms are pouring hundreds of billions into AI this year, with trillions expected by 2030. Despite losing some market share, Nvidia’s valuati...

Cerebras stock surges past $200 as it unveils two game-changing moves: a massive European data center expansion set for 2026 to slash AI latency across the pond, and a sevenfold boost in CS-3 chip production via a Flex partnership, aiming for 200MW total capacity by 2027 — a bold scaling play that’s exciting investors but not yet a full buy signal. Listen in comfort: Get a discount on a Soli Pillo...

AT&T and Verizon are locked in a fierce battle for 5G dominance, with both companies aggressively expanding fiber networks and wireless bundles to capture high-speed growth. AT&T posted a 25 billion dollar revenue surge and nearly doubled profits, bolstered by fiber acquisitions and 16 billion in free cash flow, though it grapples with regulatory hurdles and cybersecurity risks. Verizon, meanwhile...

GLP-1 drugs are exploding in popularity, with 11% of U.S. adults now using them for weight loss—up from just 3% last year. Eli Lilly is reaping massive rewards, with its blockbuster drugs Mounjaro and Zepbound generating nearly $13 billion in Q1 sales alone, boosting overall revenue by 56%. The company has raised its full-year forecast to $82.2–85 billion, and just got approval for an oral version...

Norwegian Cruise Line’s stock surged 7.7% after Morgan Stanley raised its price target to $22, signaling renewed confidence in the cruise line’s profitability as the industry rebounds. The bullish momentum is echoed by Carnival Corporation, which reinstated its quarterly dividend—a clear sign of financial strength. While Norwegian’s stock remains volatile, this uptick is seen as a solid, not seism...

Fed Chair Kevin Warsh is launching five new task forces packed with tech and business heavyweights like Doug McMillon, Marc Andreessen, and Asha Sharma to overhaul how U.S. monetary policy is shaped. These independent teams, set to deliver findings by year’s end, aim to bring fresh, evidence-based insights — even as their members’ past ties to Warsh spark debate. Andreessen, a longtime friend, cal...

Vita Coco’s stock soars 5.5% after Piper Sandler upgrades its price target, citing strong sales momentum—excluding club store sales, revenue jumped 32% through mid-June. With earnings due July 23, the market’s watching closely, though volatility remains: the stock has swung over 5% nineteen times this year. Meanwhile, inflation data shows energy, not food, driving costs—potentially easing pressure...

The Federal Reserve is overhauling its operations with five new task forces led by tech titans, economists, and business leaders like Marc Andreessen, Raj Chetty, and Mervyn King. Focused on AI, data, balance sheet reform, and more, these groups aim to modernize the central bank’s approach. With diverse voices from Silicon Valley, academia, and finance, the Fed signals a bold push for innovation —...

When choosing between aerospace ETFs, PPA and ARKX offer very different paths: PPA is a steady, index-driven play on defense giants like Boeing and RTX, while ARKX bets big on space innovation with active management and holdings like SpaceX and Rocket Lab. ARKX outperformed PPA last year but trails slightly over four years. With higher fees and more volatile holdings, ARKX’s edge lies in spotting...

Semiconductor stocks are surging after China signaled it may ease restrictions on importing Nvidia’s H200 AI chips, potentially allowing Alibaba and ByteDance to buy them — a major boost for AI training. SK Hynix’s U.S. ADRs flew off the shelves, oversubscribed seven times, underscoring strong investor appetite. Applied Materials and KLA Corp jumped 5% as market players snap up undervalued AI play...

Home prices just hit an all-time high of $446,600, climbing for 36 straight months—making homeownership a dream for most. Wages aren’t keeping up, and the average starter home now demands a $117,000 annual income. A bipartisan housing bill designed to ease construction, curb investor speculation, and boost supply passed Congress—but President Trump’s holdup, demanding another bill be signed first,...

Gas prices won’t drop anytime soon—even if crude oil cools—because refineries are in crisis. Record-high margins between crude and finished fuel mean pump prices stay stubbornly high. Summer travel spikes demand, while war-ravaged refineries in the Middle East and Russia, plus shutdowns from accidents, slash supply. Russia’s diesel export halt and depleted stockpiles from recent conflicts compound...

LA’s World Cup games are proving to be a game-changer for public transit, with Metro seeing record ridership and a major shift in public perception—especially as the city gears up for the 2028 Olympics. Despite no direct train to the stadium, shuttles moved 30K fans for one match, while 50K rides were logged overall. New safety measures, including a Metro police force and homeless outreach, are he...

OpenAI’s copyright defense is crumbling as news outlets expose internal admissions that they did search training data for copyrighted material — contradicting their claims of technical impossibility. With heavily redacted chat logs and alleged deletion of billions of outputs after litigation began, plaintiffs are demanding court intervention to penalize OpenAI for obstructing discovery — and they’...

Micron’s stock is down 20% in two weeks, but its revenue has quadrupled—why’s the market ignoring the boom? Despite a dip, Micron’s future is bright: AI giants like Amazon and Alphabet are flooding the market with demand, while multiyear deals with Ford and stable customer contracts signal long-term growth. The chipmaker’s role in self-driving cars and robots expands its reach beyond tech giants....