To The Moon

The AI price war has begun. Big companies and startups, chafing at rapidly escalating artificial intelligence costs, are increasingly turning to tools that tap in to cheaper AI models, including some...

The AI buildout is printing money for memory-chip suppliers. But device-makers and their customers are getting slammed.Most of the artificial-intelligence story gets told from the supplier side,...

The Republican-led U.S. House of Representatives approved a resolution on Wednesday to block President Donald Trump from continuing the war against Iran, reflecting growing concern among members of his party about the three-month-old conflict.The House voted 215 to 208, as four Republicans voted with Democrats in favor of the war powers resolution. It was the latest setback for Trump in Congress despite his party's slim majorities in both the House and Senate.The vote is largely symbolic. Any resolution would also have to pass the Senate to become effective, and garner the two-thirds majorities in both chambers to overcome an almost certain Trump veto.The vote, nonetheless, reflects unease among some Republicans over Trump’s handling of the conflict and marks a rare bipartisan effort to curb presidential war powers. The

Nvidia announced the launch of its first processor for personal computers — and semiconductor stocks are having a mixed reaction.

Memory is now worth more than oil. Staying that way will depend on how much the notoriously volatile industry can make recent changes stick.The world's three largest memory-chip makers -- Samsung Electronics, SK Hynix and Micron Technology -- now carry market capitalizations of more than $1 trillion each. That puts them about 22% above the combined market cap of the world's three most valuable oil companies, even with Saudi Aramco weighing in on its own at nearly $1.8 trillion.Values have soared even further down the memory chain. Flash-memory maker Sandisk has seen its market cap nearly triple since March and is now worth nearly as much as PetroChina -- Asia's largest oil producer.The spending power of artificial intelligence's largest investors means a significant percentage of future memory production will be covered by multiyear contracts with more stable pricing terms. UBS analyst Tim Arcuri estimates that such contracts will cover as much as 30% of shipments of total dynamic rand

US Treasury rolls out Trump Accounts app nationwide May 28 (Reuters) - The U.S. Department of the Treasury said on Thursday it had launched Trump Accounts on app stores nationwide, advancing a policy

Americans are in a decidedly bad mood. The stock market is decidedly not.This isn't how it usually works. Instead, high stock prices have historically been associated with happy consumers, and vice...

Xi, Trump meeting ends, China Central Television reports.President Xi meets US business leaders traveling with Trump, CCTV reports.