Cambridge-based AI startup CuspAI has raised $450 million in fresh funding. Investors include Amazon founder Jeff Bezos and the UK government. The company will use the funds to speed up the discovery of new materials for industries such as semiconductors and clean energy. The Series B funding round values the two-year-old company at $2.6 billion
US stocks opened higher on Monday as semiconductor stocks recovered from last week’s selling, while investors awaited key earnings announcements in the week. The Dow Jones Industrial Average rose 143 points, or 0.28%. The S&P 500 advanced 0.56%, while the Nasdaq Composite traded 0.87% higher. The recovery followed a difficult week for US equities, with
Gold prices traded slightly lower on Monday ahead of the North American market open as renewed tensions between the United States and Iran boosted crude oil prices and reinforced expectations that the Federal Reserve could keep interest rates elevated for longer. At the time of writing, spot gold was trading near $4,012.00 an ounce, down
XRP is once again drawing attention after a familiar technical setup resurfaced on its long-term chart. The token has spent weeks trading in a tight range, but recent price action, combined with historical chart patterns and ongoing developments within the XRP Ledger (XRPL), has renewed discussion about whether another major move could be taking shape.
Andy Burnham officially became the United Kingdom’s seventh prime minister in a decade on Monday, promising to use his government as a “circuit breaker” for the country’s political and economic challenges while launching what he described as the biggest changes to Britain’s system of governance in 40 years. In his first speech outside Downing Street,
General Motors stock has retreated in recent days, falling from its year-to-date high of $87 in February to about $76 today. The pullback could continue in the near term after the stock formed a bearish double-top pattern ahead of its second-quarter earnings report. General Motors to publish earnings on July 21 GM stock will be
Advanced Micro Devices (AMD) stock is pushing higher on Monday morning after the chipmaker announced a major, full-stack expansion of its strategic partnership with Microsoft (MSFT). The centerpiece of the new deal is MSFT committing to deploy AMD Helios Rackscale Solution “at scale” within its Azure cloud infrastructure. AMD shares have been a blockbuster investment
Advanced Micro Devices (NASDAQ: AMD) shares fell 1.19% on Friday even as investors looked ahead to the chipmaker’s Advancing AI 2026 event next week in San Francisco. Analysts expect the company to unveil new artificial intelligence products, customer wins, and long-term growth plans in the event. The event marks AMD’s first dedicated AI showcase since
On Friday, Chinese AI startup Moonshot sparked a fresh selloff in global semiconductor stocks after unveiling its latest Kimi K3 model. Apple reclaimed its position as the world’s most valuable publicly traded company briefly before Nvidia went back to the top place. Meanwhile, oil prices surged as the US and Iran intensified military attacks
Microsoft (NASDAQ: MSFT) shares fell 1.5% on Friday, extending a difficult year for the software giant as investors continued to weigh heavy artificial intelligence spending against the company’s long-term growth prospects. The stock has declined more than 20% in 2026 and nearly 23% over the past year, even as Microsoft has continued investing aggressively in