Elon Musk’s selects Memphis as the xAI supercomputer site
DR Barton, Principal at Woodshaw Financial Group, talks to “Varney & Co.” about AI stocks investors should consider buying. xAI aims to build the world’s largest supercomputer, and the Elon Musk-founded artificial intelligence company recently announced that it chose Memphis as its home base. The Greater Memphis Chamber of Commerce announced Wednesday that the southwest […]
SpaceX’s massive Super Heavy-Starship returns to Earth without exploding after first full test flight
See what’s clicking on FoxBusiness.com SpaceX’s Super Heavy Starship rocket successfully completed its first complete test flight on Thursday, returning from space and landing safely without exploding. Departing from Texas. The test mission was the rocket’s fourth attempt to launch and return it safely to Earth. “Despite missing many tiles and damaged flaps, Starship made […]
Telecom industry groups sue to block Biden’s reinstatement of net neutrality rule
See what’s clicking on FoxBusiness.com Several groups representing the U.S. telecommunications industry have filed a lawsuit seeking to block the Biden administration from reinstating net neutrality rules that were scheduled to take effect on July 22. The Federal Communications Commission (FCC) and its 3-2 Democratic majority voted along party lines in April to reaffirm its […]
Boeing Starliner spacecraft experiencing helium leaks ahead of docking at space station
Astronauts Butch Wilmore and Suni Williams launched into space Wednesday aboard Boeing’s Starliner spacecraft from Cape Canaveral, Florida. Boeing’s Starliner spacecraft is currently undergoing its first crewed test flight to the International Space Station, but is experiencing a helium leak ahead of its docking on Thursday afternoon. The United Launch Alliance Atlas V rocket, carrying […]
Ex-Meta employee sues for wrongful termination over handling of pro-Palestinian content
Angelo Gino, Senior Equity Analyst at CFRA Research, reacts to Meta’s “Magnificent 7” Q1 earnings report and shares expectations for the full earnings period. A former Meta engineer sued the company for wrongful termination, claiming he was discriminated against because of his Palestinian-American ancestry and Muslim faith. In a complaint filed Tuesday in California state […]
Yellen to warn of ‘significant risks’ of AI in finance while acknowledging ‘tremendous opportunities’
XPRIZE Foundation Founder and Chairman Peter Diamandis discusses the pros and cons of AI on “The Claman Countdown.” Treasury Secretary Janet Yellen is expected to warn that the use of artificial intelligence (AI) in finance can benefit financial institutions but also poses “significant risks”, according to excerpts of a speech she is due to deliver […]
eBay ditching American Express as a payment option
See what’s clicking on FoxBusiness.com Starting in mid-August, eBay customers will no longer be able to use American Express credit cards to pay for purchases on the online marketplace. In a statement to FOX Business, the e-commerce company announced that it would stop accepting American Express as of August 17th due to “unacceptably high fees […]
Boeing Starliner launches 2 NASA astronauts into space in first piloted test flight
NASA astronaut Butch Wilmore gave an inspiring speech Wednesday alongside Suni Williams before the Boeing Starliner spacecraft lifted off from Cape Canaveral, Florida. Third time’s a charm for NASA and Boeing, who successfully launched two astronauts into space from Cape Canaveral, Florida, on Wednesday morning. The launch, scheduled for 10:52 a.m., went off without a […]
AT&T customers hit with nationwide service issue
Ryan Payne, President of Payne Capital Management, joins Varney & Company to evaluate NVIDIA’s market performance and how big tech companies are being valued among investors. AT&T customers are experiencing service issues that began on Tuesday and are affecting their ability to call contacts on other carriers. “There is a nationwide issue affecting customers’ ability […]
Elon Musk had Nvidia send AI chips intended for Tesla to X and xAI
Varney & Co. host Stuart Varney discusses whether Elon Musk’s latest tech bet will pay off for investors. Billionaire entrepreneur Elon Musk asks Nvidia to ship Artificial Intelligence (AI) CNBC reported on Tuesday that the chips destined for Tesla will be provided by social media platform X and AI startup xAI. CNBC reported: The company […]