U.S. stock futures turned negative on Thursday, erasing earlier gains as investors anticipated the release of the June jobs report. The market also reacted to a significant drop in the semiconductor sector.
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Carmakers with strong hybrid offerings are seeing sales gains, while those focused on electric vehicles face declines amid high gas prices and waning EV demand.
Meta Platforms' reported exploration into a cloud infrastructure business offering AI computing power and models led to significant stock drops for major AI infrastructure and semiconductor companies on Wednesday.
Dish DBS, a subsidiary of EchoStar, has filed for Chapter 11 bankruptcy protection in Houston, Texas, as part of a pre-packaged restructuring plan.
Cargo thieves are increasingly targeting data center supplies, with a recent recovery in Illinois involving $1.3 million in stolen equipment, including copper wire and infrastructure components.
The Japanese yen weakened to its lowest level against the U.S. dollar since 1986, prompting renewed discussions of potential intervention by Japanese authorities.
Several deals from Amazon's Prime Day sale are still available, offering discounts on items from Apple, Adidas, Hanes, Shark, and other brands.
Intel Corporation's stock has seen significant gains this year, driven by optimism surrounding artificial intelligence and the company's early-stage work in quantum computing, which aligns with recent U.S. government initiatives.
Stock futures showed gains early Monday as investors assessed a pause in U.S.-Iran hostilities, while oil markets remained sensitive to potential disruptions. Major indices saw mixed movements globally.
The Federal Reserve's preferred inflation gauge reached a three-year high in May, driven by increased gas prices and demand for AI-related components. Apple also announced price hikes for its devices.