Mercedes-Benz has announced a partnership with German startup Tytan Technologies to manufacture vehicles for anti-drone systems, marking the latest move by a European automaker into the defence sector.The German carmaker signed a memorandum of understanding with Tytan Technologies at ILA 2026, the International Aerospace Exhibition, on Wednesday.Under the agreement, Mercedes-Benz…
Micron stock (NASDAQ: MU) has dropped sharply after one of the most powerful rallies in the AI trade.The memory-chip maker has fallen about 12% over the past five trading sessions, with some market reports putting the slide closer to 13%.That sounds dramatic, but it follows an even bigger move in…
European stock index futures were relatively mixed today, June 11, as investors watched the developments in the Middle East and the impact on the energy market. They also wavered ahead of the European Central Bank (ECB) interest rate decision.Futures tied to the German DAX dropped by 80 points to €24,160.…
Shares of Hugo Boss rose sharply on Thursday after Britain’s Frasers Group announced a takeover offer worth approximately €1.98 billion ($2.3 billion) for the German fashion company.The offer comes from Hugo Boss’ largest shareholder, Frasers Group, which already owns slightly more than 26% of the company’s shares. Frasers has proposed…
Paramount Skydance has accused Netflix of spearheading a “scorched-earth campaign to try and poison regulators and other stakeholders” against its $110 billion purchase of rival Hollywood studio Warner Bros. Discovery. In a fiery letter to the Justice Department obtained by NBC News, Paramount Skydance Chief Legal Officer Makan Delrahim excoriated…
Shares of Veeco Instruments VECO moved sharply higher on Tuesday after the semiconductor equipment maker announced a follow-on order for its Nanosecond Annealing System (NSA500). The move signals growing customer confidence in the company’s technology for advanced chip manufacturing.The stock gained as much as 19% during the session, extending its…
Shares of Broadcom AVGO fell sharply on Tuesday as investors continued to rotate away from high-growth technology stocks.The decline came despite the company’s announcement of a major artificial intelligence infrastructure partnership with Apollo Global Management and Blackstone.Broadcom stock dropped 6.2% during the session as the broader technology sector remained under…
Oracle (ORCL) shares remain in focus ahead of the artificial intelligence (AI) infrastructure firm’s Q4 earnings set to be released tomorrow, June 10, after market close. Consensus is for the company to report $1.96 a share (EPS) of adjusted earnings on $19.1 billion in revenue – about a 20% growth on…
Shares of DraftKings (DKNG) rallied on Tuesday after the sports-betting company reported strong growth in activity on its predictions platform.The update fueled investor optimism about DraftKings’ position in the rapidly expanding prediction markets industry.At the time of writing, DraftKings stock was up more than 11%, making its largest one-day percentage…
Technology stocks dragged Wall Street lower on Tuesday as a rebound in semiconductor shares lost momentum, while investors weighed renewed geopolitical uncertainty in the Middle East and prepared for key inflation data and the highly anticipated SpaceX initial public offering.The S&P 500 fell 0.26% to 7,386.65, while the Nasdaq Composite…