Dow Jones Top Company Headlines at 1 AM ET: Elon Musk's xAI Sued by NAACP Over Memphis Data Center | Nvidia's ...
Market Updates

Dow Jones Top Company Headlines at 1 AM ET: Elon Musk's xAI Sued by NAACP Over Memphis Data Center | Nvidia's ...

Morningstar10d ago

Elon Musk's xAI Sued by NAACP Over Memphis Data Center

The lawsuit alleges that xAI's efforts to power its data centers in Tennessee and Mississippi are creating a health risk for local residents.


Nvidia's stock is on a 10-day winning streak. Here's why investors are getting back on board with AI.

The AI trade has been full of uncertainty, but investors seem to be getting excited again


China-Backed Yancoal Australia to Buy Kestrel Coal Mine Stake For Up to $2.4 Billion

The Kestrel mine, located in Queensland's Bowen Basin, is one of the largest underground metallurgical-coal operations in production in Australia.

Bezos-founded companies are pushing ahead in satellite connections and rocket launches, businesses that Musk's SpaceX has long dominated.


A new CEO and a deal with Uber aren't enough to lift this EV maker's struggling stock

The announcement comes amid concerns from investors about Lucid's ability to stay afloat.


Apple CEO Tim Cook Just Bought Nike Stock. His Last Purchase Didn't Go So Well.

Cook is Nike's lead independent director and has been on the company board since 2005.


Gucci Owner Kering Logs Lower Sales, But Flags Improving Trends

The improving trends are an encouraging sign for the luxury giant as it prepares to unveil a new plan later this week aimed at reviving growth.


Rivian's Illinois Factory Will Run on Recycled EV Batteries

The project highlights how battery energy is increasingly being used to power businesses and industrial facilities in the U.S.


UPS Seeks to Replace Manual Scans With Tracking Tech

The shipping giant increases use of RFID tags to eliminate 20 million manual scans a day.

The startup behind the popular Claude chatbot and coding tool is eyeing a potential IPO as soon as this year.


Why Amazon Is Buying Starlink Rival Globalstar in $11 Billion Deal

Amazon has agreed to acquire Globalstar in a move that allows its Amazon Leo satellite network to offer direct-to-device connections.


Broadcom Extends AI Deal With Meta. Chipmaker's CEO Hock Tan to Leave Meta Board.

The deal includes chip design, packaging, and networking to build out the computing foundation that will support personal superintelligence.

Originally published by Morningstar

Read original source →
xAISpaceX