Meta Plans Cloud Computing Business to Challenge AWS, Azure, and Google Cloud
The social media giant is developing plans to sell access to its AI computing infrastructure, aiming to monetize excess capacity and diversify beyond advertising revenue.
Fed Chair Warsh Signals Inflation Risks Easing, But Vows to Deliver Price Stability
Speaking at the ECB forum in Portugal, Federal Reserve Chairman Kevin Warsh says inflation pressures have come down while maintaining that prices remain too high. Markets eye July rate decision.
USMNT Defeats Bosnia 2-0, Advances to World Cup Round of 16 in Historic Victory
Folarin Balogun and Malik Tillman score as the United States overcomes a red card to secure just their second-ever World Cup knockout round victory, setting up a clash with Belgium.
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Business
Qualcomm Acquires AI Startup Modular for $4 Billion in Challenge to Nvidia Dominance
The chipmaker's acquisition of the Mojo programming language creator aims to break Nvidia's CUDA lock-in and reshape AI software development.
Finance
Wall Street Closes Best Quarter in Six Years as Chip Stocks Surge to Record Highs
The S&P 500 and Nasdaq complete remarkable Q2 gains as the Philadelphia Semiconductor Index posts its strongest quarterly performance in history.
Sports
Mexico Cruises Past Ecuador 2-0, Advances to World Cup Round of 16
Jesús Quiñones and Raúl Jiménez score as El Tri delivers a dominant shutout performance to punch their ticket to the knockout rounds.
Business
Merck KGaA Acquires Bio-Techne for $11.3 Billion in Largest Deal Since 2015
Germany's Merck KGaA will pay $11.3 billion for Bio-Techne, expanding its life sciences business with proteins, antibodies, and spatial biology capabilities.
Finance
Q2 Ends With Massive Portfolio Rebalancing as S&P 500 Pulls Back From Record Highs
The second quarter closes with institutional investors rebalancing portfolios after the S&P 500's 20% surge, as AI stocks retreat from early-June peaks.