Tag Archives: CNBC

Apple opens manufacturing academy in Detroit as Trump ramps up pressure to invest in U.S.

The Apple Manufacturing Academy is opening in downtown Detroit, with a focus on artificial intelligence.

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Meta’s AI spending spree is Wall Street’s focus in second-quarter earnings

Meta investors will be scrutinizing CEO Mark Zuckerberg’s AI hiring blitz during the company’s second-quarter earnings on Wednesday.

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Rare earths are China’s bargaining chip in the trade war — the U.S. is trying to fix that

China mines around 70% and processes around 90% of rare earths. The U.S. is hoping to change that with investment in the domestic rare earth supply chain.

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Spotify stock falls on revenue miss, lackluster guidance

Spotify stock fell after the music streaming platform fell short of Wall Street’s revenue expectations.

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PayPal beats on earnings, raises full-year outlook as Venmo growth accelerates

PayPal topped Wall Street estimates for the quarter and raised full-year guidance, as CEO Alex Chriss pushes profitability over volume.

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Samsung backs South Korean AI chip startup Rebellions ahead of IPO

Rebellions has been working with Samsung to bring its second-generation artificial intelligence chip, called Rebel, to market.

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Europe sets its sights on multi-billion-euro gigawatt factories as it plays catch-up on AI

The gigafactories could add 15% to Europe’s total computing capacity, according to estimates from UBS.

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India overtakes China in smartphone exports to the U.S. as manufacturing jumps 240%, report shows

Smartphones assembled in India accounted for 44% of U.S. imports in the second quarter, a significant increase from just 13% in the same period last year.

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Waymo plans to bring its robotaxi service to Dallas in 2026

Waymo is partnering with rental car company Avis for robotaxi fleet management in Dallas.

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Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says

Revenue from sales of Ray-Ban Meta smart glasses more than tripled during the first half of the year, EssilorLuxottica said in its latest earnings report.

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