SoftBank drops 11% as Asian tech sector follows U.S. losses
SoftBank Group Faces Decline Amid AI Cost Concerns SoftBank Group, based in Japan, saw its stock fall over 11% on Friday. This decline reflects growing worries in the market regarding the escalating costs associated with artificial intelligence infrastructure. Japanese firms were particularly hard hit, contributing to a broader downturn in Asian technology stocks, which followed […]
Special Regulations for Tech Leaders in Washington Said to Exempt Mark Zuckerberg and Sundar Pichai
Senate Judiciary Chairman Chuck Grassley has reportedly decided to let Meta CEO Mark Zuckerberg and Google CEO Sundar Pichai avoid testifying in upcoming hearings after the White House stepped in on their behalf, according to a report by Politico. Instead of the high-profile leaders, Grassley has agreed to allow lower-profile executives to appear at a […]
Major tech companies increase data center investments to $850B, with Meta and Microsoft putting in billions.
Meta and Microsoft are at the forefront of tech firms investing heavily in leasing data centers for artificial intelligence, with each spending tens of billions of dollars in the last quarter, according to a report. This new agreement brings the overall future data center lease value among major cloud companies to over $850 billion. The […]
Elon Musk no longer holds trillionaire status as tech downturn affects Tesla and SpaceX.
Elon Musk’s Wealth Takes a Hit After SpaceX IPO At SpaceX’s recent IPO event, Elon Musk delivered a compelling speech. He talked about his early uncertainties regarding the company’s trajectory but underscored the significance of making life multiplanetary. His vision seemed to spark excitement about the future for everyone involved. In an unexpected turn, Musk’s […]
YouTube resolves lawsuit over Florida teen’s social media addiction before trial, marking another significant challenge for Big Tech.
Google Settles YouTube Lawsuit Over Social Media Addiction YouTube, owned by Google, has reached a settlement in a lawsuit filed by a teenager from Florida. The complaint claims that YouTube exacerbates a youth mental health crisis, leveraging features that keep children excessively engaged with their screens. This discreet settlement comes just weeks ahead of a […]
Stock market today: S&P 500 and Nasdaq look to recover from tech decline with attention on Micron
After a challenging day for tech firms, U.S. stock futures appeared stable on Wednesday. Market watchers are particularly interested in Micron’s upcoming results, which could offer insights into AI demand. Futures for the Nasdaq 100 rose by 0.6%, while S&P 500 futures ticked up 0.2%. This comes after both indexes experienced significant declines on Tuesday, […]
Market update: S&P 500 and Nasdaq take a break after tech sell-off with attention on Micron
On what turned out to be another tough day for tech companies, U.S. stock futures were looking steady on Wednesday, with Wall Street keenly observing Micron’s results for insights into AI demand. Futures for the Nasdaq 100 increased by 0.5% and those for the S&P 500 went up by 0.1%. However, stocks focused on AI […]
Daily Opening: Tech downturn, MSCI shifts with attention on Indonesia and South Korea
Traders were active following a Federal Open Market Committee (FOMC) meeting on the New York Stock Exchange (NYSE) on Wednesday, June 17, 2026. Hey there, this is Justina Lee from Singapore. Let’s dive into another edition of CNBC’s Daily Open. The fallout from the dip in tech stocks is still shaking up global markets. What […]
Micron drives the major tech decline. Insights from the charts on the upcoming key factor.
Stock Market Update This week kicked off with a noticeable headline on the CNBC homepage: “Stock prices fall due to global stock market decline, Nasdaq falls more than 1% led by Micron.” Honestly, it was what I anticipated, and fairly representative of the situation. Observing price trends on Tuesday, it seems like significant names and […]
Major shift as Big Tech overtakes Big Government as the main worry for voters
Poll Finds Shift in Perception of Big Tech and Government Threats A recent Fox News poll indicates that many voters now perceive Big Tech as a greater threat to the country’s future than big government, a notable shift from seven years ago. The poll shows that 52% of voters believe Big Tech poses a larger […]