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Explosive Stock Market Records as Gold Shines Bright

A relatively quiet start to the week for global markets leaves Wall Street pondering the sustainability of recent stock market records, with the S&P 500 nearing 6,000 as corporate earnings pour in, and the upcoming U.S. presidential election looms. Meanwhile, gold — a traditional safe haven — has reached new highs, reflecting the hedged sentiment around geopolitical and electoral risks that color the booming U.S. economy.
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IBM Unveils Exciting New AI Models for Businesses as GenAI Competition Heats Up

IBM has introduced its latest Granite 3.0 [AI models](link) tailored for businesses, making them available as open-source to leverage the growing adoption of generative AI technology. For more insights on the rise of generative AI, check out McKinsey's insights.
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Crown Electrokinetics Stock Purchase (CRKN) Deal with Liqueous Boosts $100 Million Growth Agreement

Crown Electrokinetics Corp. (NASDAQ: CRKN) has entered into a $100 million stock purchase agreement with Liqueous, LP. This arrangement gives Crown the right to sell its common stock, further advancing its market position. Additionally, Crown has secured $33 million in lead pipe remediation contracts and expanded its fiber optic network projects, demonstrating strong growth and financial improvements.
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NHTSA Opens Probe into 2.4 Million Tesla Full Self-Driving Vehicles Over Collisions

The NHTSA is investigating 2.4 million Tesla Full Self-Driving vehicles after incidents, including a fatal crash involving reduced visibility conditions.
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Game-Changing Venture Capital Infusion Fuels Tech Investment Growth

Emergence Capital nears $1 billion of new funds for tech investment, enhancing its role in supporting emerging technologies. The latest funding signals strong investor confidence and promises to accelerate innovation in the tech sector.
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Powerful AI Chip Demand Drives TSMC to Raise Revenue Outlook

Taiwan Semiconductor Manufacturing Co. (TSMC) lifts its 2024 revenue forecast, citing strong AI chip demand from major clients like Nvidia and Apple.
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China Troubles Drag Down Pernod Ricard's Q1 Sales

Pernod Ricard’s Q1 sales fell by 5.9%, largely due to China troubles, including weak consumer demand and new anti-dumping measures on EU brandy imports. Despite the decline, the company remains optimistic about its fiscal 2024/25 growth prospects.
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Devastating Meta Layoffs Hit WhatsApp and Instagram Amid Strategic Shakeup

Meta layoffs hit Instagram and WhatsApp, impacting teams as part of strategic changes aimed at long-term goals. Read how Meta's workforce is affected.
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Explosive Short Squeeze Potential for Nuburu Inc. BURU

Explore Nuburu Inc.'s strategic partnerships and blue laser technology amid high short interest, indicating potential for a short squeeze.
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BURU Faces NYSE Threshold Securities List with Naked Short Selling Concerns

BURU's inclusion on the NYSE Threshold Securities list raises concerns about naked short selling. Investors should stay informed and proactive in their decision-making.
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Crypto Heist Mastermind Faces Five Years in Prison for $6 Billion Scam

US prosecutors are urging a five-year prison sentence for Ilya Lichtenstein, mastermind of the $6 billion Bitfinex crypto heist, emphasizing the need to deter cyber crime.
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Oil Prices Steady Amid Middle East Uncertainty and OPEC+ Cuts

Oil prices steady amid ongoing Middle East uncertainty and OPEC+ production cuts, as analysts revise demand forecasts downward, particularly from China.
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Devastating Tech Selloff Triggers Tumble in Tech Stocks While China Developers Rally

Global markets faced a significant tech selloff on Wednesday, with stocks in the technology sector seeing steep declines while Chinese property developers posted gains. The AI-driven rally that fueled much of the tech sector's growth appeared to lose momentum, with industry leaders like Nvidia and ASML leading the losses.
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NUBURU Transitions to New Equity Line of Credit to Support Commercialization

NUBURU announces the transition to a new Equity Line of Credit with Liqueous to support its innovative blue laser technology and commercialization efforts.
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NUBURU Focuses on Blue Laser Technology as It Cancels Special Proxy Statement for Funding

CENTENNIAL, Colo., October 14, 2024--NUBURU, Inc. ("NUBURU" or the "Company") (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial laser technology, today announced the cancellation of its Special Proxy Statement. Due to insufficient proxies to form a quorum, the company has withdrawn the proposals and canceled the Special Meeting. However, these critical proposals will be included in the upcoming annual meeting proxy statement, expected to be filed by October 31, 2024. The company aims to secure stockholder approval at this meeting to advance its commercialization and growth plans.
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Morning Bid Tech Banks Propel New US Records as China Struggles

The U.S. bond market rejoins after a holiday, witnessing Wall Street stocks surge to new heights, with the S&P 500 and Dow Jones achieving fresh[ US records](https://infinitai.dev/tech-banks-spark-new-us-records-china-relapses/). Despite worries over China's economic stability, excitement in the tech and banking sectors fuels optimism as strong corporate earnings influence global market sentiment.
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Persistent Inflation Causes Stock Market Declines as CPI Rises in September

Discover how persistent inflation influenced the stock market today. Major indexes close lower following the latest CPI report.
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Chinese Stock Market Decline Shocks Investors Ahead of Key Policy Briefing on Fiscal Stimulus

The Chinese stock market decline deepens as investors await Beijing's policy briefing on fiscal stimulus. Will new measures revive the slowing economy?
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Impax Asset Management Increases Stake in Nvidia After Underestimating Its Market Potential

Impax Asset Management has significantly increased its investment in Nvidia Corp., recognizing the undervaluation of the tech giant amid a booming AI sector. By tripling its stake, Impax aligns its sustainable investment strategy with Nvidia's innovative energy-efficient chips, positioning itself for growth in an evolving market landscape.
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Nuburu Secures $65M Financing for Advanced Laser Technology Expansion

Nuburu secures $65 million in financing to accelerate blue laser technology innovations across e-mobility, defense, and healthcare sectors, driving high-precision manufacturing advancements.

Explosive Stock Market Records as Gold Shines Bright

A relatively quiet start to the week for global markets leaves Wall Street pondering the sustainability of recent stock market records, with the S&P 500 nearing 6,000 as corporate earnings pour in, and the upcoming U.S. presidential election looms. Meanwhile, gold — a traditional safe haven — has reached new highs, reflecting the hedged sentiment around geopolitical and electoral risks that color the booming U.S. economy.

IBM Unveils Exciting New AI Models for Businesses as GenAI Competition Heats Up

IBM has introduced its latest Granite 3.0 AI models tailored for businesses, making them available as open-source to leverage the growing adoption of generative AI technology. For more insights on the rise of generative AI, check out McKinsey's insights.

Crown Electrokinetics Stock Purchase (CRKN) Deal with Liqueous Boosts $100 Million Growth Agreement

Crown Electrokinetics Corp. (NASDAQ: CRKN) has entered into a $100 million stock purchase agreement with Liqueous, LP. This arrangement gives Crown the right to sell its common stock, further advancing its market position. Additionally, Crown has secured $33 million in lead pipe remediation contracts and expanded its fiber optic network projects, demonstrating strong growth and financial improvements.

NHTSA Opens Probe into 2.4 Million Tesla Full Self-Driving Vehicles Over Collisions

The NHTSA is investigating 2.4 million Tesla Full Self-Driving vehicles after incidents, including a fatal crash involving reduced visibility conditions.

Game-Changing Venture Capital Infusion Fuels Tech Investment Growth

Emergence Capital nears $1 billion of new funds for tech investment, enhancing its role in supporting emerging technologies. The latest funding signals strong investor confidence and promises to accelerate innovation in the tech sector.

Powerful AI Chip Demand Drives TSMC to Raise Revenue Outlook

Taiwan Semiconductor Manufacturing Co. (TSMC) lifts its 2024 revenue forecast, citing strong AI chip demand from major clients like Nvidia and Apple.

China Troubles Drag Down Pernod Ricard's Q1 Sales

Pernod Ricard’s Q1 sales fell by 5.9%, largely due to China troubles, including weak consumer demand and new anti-dumping measures on EU brandy imports. Despite the decline, the company remains optimistic about its fiscal 2024/25 growth prospects.

Devastating Meta Layoffs Hit WhatsApp and Instagram Amid Strategic Shakeup

Meta layoffs hit Instagram and WhatsApp, impacting teams as part of strategic changes aimed at long-term goals. Read how Meta's workforce is affected.

Explosive Short Squeeze Potential for Nuburu Inc. BURU

Explore Nuburu Inc.'s strategic partnerships and blue laser technology amid high short interest, indicating potential for a short squeeze.

BURU Faces NYSE Threshold Securities List with Naked Short Selling Concerns

BURU's inclusion on the NYSE Threshold Securities list raises concerns about naked short selling. Investors should stay informed and proactive in their decision-making.

Crypto Heist Mastermind Faces Five Years in Prison for $6 Billion Scam

US prosecutors are urging a five-year prison sentence for Ilya Lichtenstein, mastermind of the $6 billion Bitfinex crypto heist, emphasizing the need to deter cyber crime.

Oil Prices Steady Amid Middle East Uncertainty and OPEC+ Cuts

Oil prices steady amid ongoing Middle East uncertainty and OPEC+ production cuts, as analysts revise demand forecasts downward, particularly from China.

Devastating Tech Selloff Triggers Tumble in Tech Stocks While China Developers Rally

Global markets faced a significant tech selloff on Wednesday, with stocks in the technology sector seeing steep declines while Chinese property developers posted gains. The AI-driven rally that fueled much of the tech sector's growth appeared to lose momentum, with industry leaders like Nvidia and ASML leading the losses.

NUBURU Transitions to New Equity Line of Credit to Support Commercialization

NUBURU announces the transition to a new Equity Line of Credit with Liqueous to support its innovative blue laser technology and commercialization efforts.

NUBURU Focuses on Blue Laser Technology as It Cancels Special Proxy Statement for Funding

CENTENNIAL, Colo., October 14, 2024--NUBURU, Inc. ("NUBURU" or the "Company") (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial laser technology, today announced the cancellation of its Special Proxy Statement. Due to insufficient proxies to form a quorum, the company has withdrawn the proposals and canceled the Special Meeting. However, these critical proposals will be included in the upcoming annual meeting proxy statement, expected to be filed by October 31, 2024. The company aims to secure stockholder approval at this meeting to advance its commercialization and growth plans.

Morning Bid Tech Banks Propel New US Records as China Struggles

The U.S. bond market rejoins after a holiday, witnessing Wall Street stocks surge to new heights, with the S&P 500 and Dow Jones achieving fresh US records. Despite worries over China's economic stability, excitement in the tech and banking sectors fuels optimism as strong corporate earnings influence global market sentiment.

Persistent Inflation Causes Stock Market Declines as CPI Rises in September

Discover how persistent inflation influenced the stock market today. Major indexes close lower following the latest CPI report.

Chinese Stock Market Decline Shocks Investors Ahead of Key Policy Briefing on Fiscal Stimulus

The Chinese stock market decline deepens as investors await Beijing's policy briefing on fiscal stimulus. Will new measures revive the slowing economy?

Impax Asset Management Increases Stake in Nvidia After Underestimating Its Market Potential

Impax Asset Management has significantly increased its investment in Nvidia Corp., recognizing the undervaluation of the tech giant amid a booming AI sector. By tripling its stake, Impax aligns its sustainable investment strategy with Nvidia's innovative energy-efficient chips, positioning itself for growth in an evolving market landscape.

Nuburu Secures $65M Financing for Advanced Laser Technology Expansion

Nuburu secures $65 million in financing to accelerate blue laser technology innovations across e-mobility, defense, and healthcare sectors, driving high-precision manufacturing advancements.