Nio and Li Auto ADRs were up more than 3% on Wednesday morning.
Category: Business
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Data center trade reboots amid Iran relief rally
The data center trade is getting a big, broad reboot Wednesday.
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Intel soars after buying back stake in Irish manufacturing facility
Investors appear to be viewing this measure as a concrete sign that Intel’s turnaround plan is entering a new phase: growth mode, powered by AI.
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Google research: Quantum computers a “serious threat” to 6.7 million bitcoin, including Satoshi’s coins
“Their fast-clock architecture could crack a private key in 9 minutes, while bitcoin blocks take 10 minutes on average. That changes the threat model entirely.”
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Apple is turning 50 today and it doesn’t look a thing like its younger self
From Macs to iPods, iPhones, and now services, here’s how Apple’s business has looked every 10 years.
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OpenAI to be added to ARK’s ETF lineup after completing funding round with $852 billion valuation
ARK and buzzy companies go together like early LLMs and hallucinations.
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Almost three-quarters of US workers think now’s a bad time to find a quality job
The latest Gallup workplace survey points to a workforce that is struggling but largely stuck.
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Beyond Meat tumbles as CEO blames American society for its business struggles after issuing weak sales outlook
The CEO equivalent of flipping over the table when board game night isn’t going well.
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OpenAI is now valued at $852 billion — that’s about five Disneys
The company just closed out the biggest funding round in Silicon Valley history, raising $122 billion.
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Nike’s China business declines for seventh-straight quarter
Nike reported its fiscal third-quarter results after the bell on Tuesday.
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Stocks end worst quarter since 2022 with best day since May
Optimism that the end of the war may be near sent stocks surging.
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Oil-sensitive travel stocks pop following Iran state media reporting on potential war resolution
Shares of airlines and cruise lines surged midday Tuesday.