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Tech News (July 14–July 18): China Cuts US Debt, Fed Signals Rate Shift, Netflix And TSMC Lead Earnings Beat; Meta-AWS Push AI

A whirlwind week in consumer tech saw blockbuster earnings, bold AI moves, legal battles, and fresh economic signals reshaping the industry's outlook.

Benzinga

Disruption In Browsers, Amazon's AI Job Requirement, Meta's AI Talent Raid And More: This Week In AI

The past week has been a whirlwind of activity in the tech world, with a particular focus on the rise and impact of artificial intelligence (AI). From the introduction of AI-native browsers to new AI job requirements at Amazon, the industry is buzzing with developments. Here’s a quick recap of…

Benzinga

'Zuck Reached Out And We Chatted': Meta Lures Seattle AI Founder With $100M-Plus Offer To Join Its Superintelligence Dream Team

Matt Deitke, co-founder of Seattle-based AI startup Vercept, has joined Meta's (NASDAQ:META) Superintelligence Lab after receiving a direct offer from CEO Mark Zuckerberg. Deitke described the initiative as "the most exciting bet I've seen in tech history," signaling Meta's bold ambitions in artificial general intelligence, GeekWire reports.

Benzinga

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MarketBeat Week in Review – 07/14 - 07/18

The NASDAQ and S&P 500 hit all-time highs on better-than-expected economic data; the market is confirming expectations for a strong second half

MarketBeat

Trump Celebrates Stephen Colbert's Late Show Cancellation, Slams CBS And Calls Host Talentless Amid Paramount Settlement Controversy

President Donald Trump has been reveling in Paramount Global's (NASDAQ:PARA) (NASDAQ:PARAA) CBS's decision to cancel The Late Show with Stephen Colbert, calling the longtime host talentless and suggesting the move was long overdue.

Benzinga

Perplexity AI Targets Google Chrome's Stronghold With Smartphone Pre-Install Strategy: Report

Perplexity AI, backed by Nvidia Corp. (NASDAQ:NVDA) is negotiating with mobile manufacturers to pre-install its Comet browser on smartphones.

Benzinga

Amazon Ring Is Making AI A Job Requirement—Starting With Promotions

Amazon.com Inc. (NASDAQ:AMZN) has implemented a new policy at its Ring division, requiring employees to demonstrate their use of artificial intelligence (AI) as part of the promotion process.

Benzinga

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Stocks Finish Slightly Lower on Mixed Earnings Results

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.05%. September E-mini S&P futures (ESU25 ) fell -0.08%, and September E-mini Nasdaq futures (NQU25...

Barchart

Wall Street Sets New Records As Magnificent Seven Valuation Tops $18.5 Trillion: This Week In Markets

Wall Street extended its historic rally this week, with major benchmarks such as the SP 500 and the tech-heavy Nasdaq 100 hitting fresh all-time highs, as strong corporate earnings, robust economic data and AI-fueled tech momentum continued to boost investor optimism.

Benzinga

Meta Raids Apple's AI Lab With Big Paychecks—Zuckerberg Bets To Win The AI Race

Meta Platforms (NASDAQ:META) has intensified its AI talent war by hiring two key former Apple (NASDAQ:AAPL) engineers, Mark Lee and Tom Gunter, for its Superintelligence Labs team.

Benzinga

Is Washington Handing China A Win With Nvidia Sales?

Nvidia (NASDAQ:NVDA) stock is taking a hit Friday as a U.S. government decision to permit the chip giant to resume sales of its H20 AI chips to China faces strong opposition from House Select Committee on China Chairman John Moolenaar.

Benzinga

Taiwan Semiconductor CFO Warns Of Margin Pressure, Prudent $42 Billion CapEx Plan

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock traded lower Friday after its Thursday gains following upbeat quarterly results.

Benzinga

Dow Falls Over 200 Points; 3M Earnings Top Views

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 200 points on Friday.

Benzinga

Direxion's GOOGL-Focused Bull And Bear Funds Grab The Limelight Ahead Of Alphabet's Earnings

As one of the top technology enterprises in the world, Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) will command a massive audience when it releases its second-quarter earnings report on Wednesday, July 23, after the closing bell. Analysts will be looking for earnings per share of $2.17 on revenue of $93.72 billion, a…

Benzinga

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Barchart

Stocks Pressured by Weakness in Netflix and Health Insurers

The S&P 500 Index ($SPX ) (SPY ) today down -0.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. September E-mini S&P futures (ESU25 ) are down -0.14%, and September E-mini Nasdaq futures (NQU25...

Benzinga

What's Going On With Trump Media Stock Today?

Trump Media Technology Group Corp. (NASDAQ:DJT) has unveiled its latest tech update aimed at Apple (NASDAQ:AAPL) users, introducing a newly optimized version of the Truth Social app for iPads.

Benzinga

Here's What's Going On With Opendoor Stock—And Why It 'Could Be A 100-Bagger'

Shares of Opendoor Technologies, Inc. (NASDAQ:OPEN) have soared in recent weeks, climbing another 10.8% on Thursday and pushing its one-month rally close to 200%.

Benzinga

Interactive Brokers Stock Is Trading Higher Friday: What's Going On?

Interactive Brokers Group, Inc. (NASDAQ:IBKR) shares are trading higher Friday after the company reported better-than-expected second quarter adjusted earnings per share and sales on Thursday after the market closed.

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Benzinga

'You Never Want To Take The Highest Offer': Robinhood CEO's AI Startup Raises $100M, Hits $875M Valuation With Backing From Kleiner Perkins

Robinhood (NASDAQ:HOOD) CEO Vlad Tenev is stepping beyond trading apps with a new venture: Harmonic AI, a startup aiming to create what it calls "mathematical superintelligence." The company last month announced the closing of a $100 million Series B funding round, bringing its valuation to $875 million.

Barchart

Stocks See Support from Dovish Fed Official Comment

The S&P 500 Index ($SPX ) (SPY ) today is up +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. September E-mini S&P futures (ESU25 ) are up +0.12%, and September E-mini Nasdaq futures...

Benzinga

US Stocks Mixed; American Express Posts Upbeat Q2 Results

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 50 points on Friday.

Benzinga

The Three Skills You Need To Master In The Age Of AI, According To Tech Execs

AI agent adoption is projected to grow by 327% by 2027, a new report from Salesforce (NYSE:CRM) finds. This is expected to increase a company's productivity by 30%, but will drastically impact the way those companies are organized and run.

Benzinga

Comcast Hikes Peacock Prices Again: Will You Pay $11 A Month For Ads?

Starting July 23, Comcast’s (NASDAQ:CMCSA) Peacock streaming service will cost new subscribers $11 per month for the ad-supported plan and $17 for the ad-free version, reflecting a $3 increase.

Benzinga

Elon Musk Attacks Trump For Calling Jeffrey Epstein Case 'A Hoax,' Then Defends Him Against Birthday Letter Leak

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk launched another attack on President Donald Trump over the Jeffrey Epstein client list row amid rising discontentment over the case.

Benzinga

Dogecoin Is Trading 11% Higher Friday Morning After This Nasdaq-Listed Firm Added It To Its Treasury

Dogecoin (CRYPTO: DOGE) was trading higher early Friday morning after a Nasdaq-listed firm stated that it would establish a reserve of the dog-themed memecoin.

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