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LG Group to Adopt 10,000 Nvidia GPUs for AI and Humanoid Robot Development
The LG Group has announced a major expansion in its artificial intelligence strategy by planning to adopt 10,000 Nvidia GPUs for AI model training and humanoid robot development. This move highlights the company’s growing ambition to become a global leader in next-generation AI and robotics technologies. The decision reflects how large industrial conglomerates are investing…
EU-Mercosur Trade Deal Provisionally Applied, June 04
EU-Mercosur trade deal provisionally applied May 1st, covering 700M people and €84B annual trade. Faces EU Parliament vote and court review.
Japan Chemical Weapons Cleanup Accident Injures 2 Workers, June 04
Two Japanese workers hospitalized after toxic gas exposure during cleanup of abandoned WWII chemical weapons in China.
United Airlines Expands Newark Hub as On-Time Performance Leads Northeast, June 04
Newark Liberty leads Northeast airports in on-time performance as United Airlines expands routes and seeks higher flight caps.
FTSE 100 Live: Index Falls 52.09 Points to 10,280.21 as Prudential, HSBC & Standard Chartered Drop on China Tariff Shock
The FTSE 100 index opened under pressure as global markets reacted to renewed concerns over trade tensions between major economies. The index fell by 52.09 points to close at 10,280.21, reflecting broad weakness across financial and multinational stocks heavily exposed to China. The decline was driven mainly by losses in banking and insurance heavyweights including…
Broadcom Stock Crashes 14% as AI Chip Forecast Disappoints, June 04
Broadcom stock fell 14% after Q2 earnings beat but Q3 AI guidance of $16B missed $17.2B estimates. AI revenue grew 143% YoY to $10.8B.
AVGO Stock Falls 12% Premarket as Broadcom Keeps $100 Billion AI Revenue Target Unchanged
The AVGO Stock saw a sharp decline of nearly 12% in premarket trading after Broadcom released its latest earnings update while maintaining its ambitious $100 billion artificial intelligence revenue target. The sudden drop surprised investors who were expecting stronger near-term guidance following the company’s rapid AI-driven growth over the past year. Despite the strong long-term…
United Airlines (UAL) & Delta (DAL) Watch Pressure as LA Airport Sees Flight Cuts Over Fuel Crisis
The U.S. airline industry is once again under pressure as rising fuel costs and supply disruptions hit one of the busiest aviation hubs in the world, Los Angeles International Airport (LAX). The situation is directly affecting major carriers like United Airlines and Delta Air Lines, both of which rely heavily on LAX for domestic and…
SpaceX IPO Targets Record $75 Billion Raise With 555,555,555 Shares at $135 Each
The SpaceX IPO is shaping up to be one of the biggest events in stock market history. Elon Musk’s space and satellite company plans to sell 555,555,555 shares at $135 per share, targeting a massive $75 billion fundraising round. The proposed transaction values SpaceX at approximately $1.75 trillion, placing it among the world’s most valuable…