Latest News
Samsung Faces Pivotal 48-Hour Mediation as AI Chip Profits Spark Labor Dispute
Samsung Electronics faces two days of government-backed wage mediation, with the union threatening an 18-day strike if demands for a 15% profit bonus are not met.
Planet Labs Surges 11% on Greek Satellite Imaging Deal, Signaling EU Demand
Planet Labs shares surged 10.8% after a two-year, seven-figure contract with Greece's National Satellite Space Project, signaling growing European demand for satellite imagery.
Nokia Rebounds on AI Demand, Faces Sustained Rally Test
Nokia's shares rose over 3.8% Friday, recovering from a steep Thursday drop, as strong AI and cloud sales lift sentiment. The company maintains its profit outlook and raises 2026 growth targets.
Penguin Solutions Insider Sale Emerges Amid AI-Fueled Rally
Penguin Solutions SVP Joseph Clark files to sell 4,649 shares worth $181,218. The disclosure comes as PENG stock surges 13.5% to a 52-week high, with AI infrastructure growth offsetting Q2 revenue decline.
Air Canada Scraps Four US Routes Early as Fuel Costs Surge
Air Canada is ending four seasonal US routes early this summer, citing high jet fuel costs. The airline also withdrew its 2026 financial outlook.
Microsoft's AI Bet Faces New Scrutiny After Major Fund Cuts Stake
TCI Fund Management cut its Microsoft stake from 10% to 1%, citing AI risks. MSFT closed at $415.12. Azure grew 40% in Q3, but rising capex and competition raise questions.
Amazon Stock Faces Key Test: AWS Outage, AI Spending, Inflation Data
Amazon (AMZN) heads into a crucial week after an AWS outage and ahead of key inflation data. Q1 earnings revealed strong AWS growth, but surging AI spending and shrinking free cash flow raise concerns.
NVDA Nears Record Highs as AI Deals and Inflation Data Loom
Nvidia shares closed Friday near record highs after announcing major AI deals with IREN and Corning, as markets brace for inflation data and earnings.