Amazon’s computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech giant’s effort to boost its cloud offer in Europe, four people familiar with the matter said.Cesc Maymo | Getty Images News | Getty ImagesLONDON — Britain’s antitrust watchdog on Tuesday raised concerns over competition in the multi-billion-pound cloud computing market and singled out Microsoft and Amazon as the dominant players.An independent Competition and Markets Authority inquiry group provisionally recommended that the regulator considers investigating Amazon Web Services (AWS) and Microsoft’s Azure…
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For the first time in over a year, tens of thousands of Palestinians have reached their homes in the northern Gaza Strip, giving way to a mixture of elation and despair.On Tuesday, emotional reunions with family members who remained in northern Gaza during the war continued throughout Gaza City. But the return home was also shocking and depressing: Israel’s bombing campaign flattened entire neighborhoods, making them barely recognizable piles of rubble.“We’re overcome with joy — we’re finally in our neighborhood near friends and family after a year living on the sidewalk and the sand,” said Rajab al-Sindawi, a 49-year-old secondhand…
Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (CES) 2025, showcasing the company’s latest innovations in Las Vegas, Nevada, USA, on January 6, 2025. Artur Widak | Anadolu | Getty ImagesNvidia shares traded higher in the premarket Tuesday, as traders reassessed the implications of a much cheaper-to-build large-language model for the artificial intelligence trade.The chipmaker’s rebound in the early session was shaky, with it up about 3.7%. The stock’s bounce was much bigger earlier in the morning and was reducing as the open neared. The stock plunged 17% on Monday and slashed more than $595 billion…
Melius Research moved to the sidelines on Advanced Micro Devices , but there isn’t any elephant in the room with this call. Analyst Ben Reitzes downgraded shares of the semiconductor stock to hold from buy. Reitzes also cut his two-year price target by $31 to $129, which now suggests shares can rise 12.2% over Monday’s close. Reitzes’ call comes a day after the stock dropped more than 6%, part of a global tech sell-off spurred by the emergence of an artificial intelligence model from Chinese startup DeepSeek. Information about the timeframe and resources for DeepSeek’s product raised concern about the…
Kelly Ortberg speaks at the 14th annual U.S. Chamber Of Commerce Foundation Aviation Summit in downtown Washington, D.C.Kris Tripplaar | SIPPL Sipa USA | APBoeing reported fourth-quarter results before the market opening on Tuesday.Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:Loss per share: $5.90 adjusted vs. $2.65 expectedRevenue: $15.24 billion vs. expected $16.21 billionCEO Kelly Ortberg on Tuesday faces investors antsy for answers on how the company plans to move forward from manufacturing problems after posting its sixth consecutive annual loss.Boeing on Thursday released preliminary results showing it expects to post a…
Justin Sullivan | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know today$600 billion plunge in Nvidia Nvidia shares plunged nearly 17% on Monday, its worst day since March 2020, on concerns raised by China’s DeepSeek artificial intelligence model. The chipmaker lost close to $600 billion in market cap, the biggest drop for any company on a single day in U.S. history. Other stocks related to…
Investors should snap up Vera Therapeutics after a recent retreat, Goldman Sachs suggested. Analyst Paul Choi initiated coverage of the biotechnology stock at a buy rating. Choi’s $58 price target reflects potential for the stock to rally 66.5% from Monday’s close. Choi said positive topline results from a Vera study won’t be surprising, but should add to evidence showing the clinical differentiation of atacicept, a potential treatment for autoimmune kidney diseases. He said the firm’s model shows atacicept sales accelerating in the back half of this decade given its advantages over competitors. “Following the recent pullback, we see VERA shares…
Victoria’s Secret is once again a hot stock, according to Barclays. In a note titled “Bringing Sexy Back,” analyst Adrienne Yih upgraded shares of the women-focused retailer to overweight from equal weight. Yih also lifted her price target by $2 to $53, now suggesting 41.9% upside over Monday’s closing level. “While we missed the stock move off its mid-2024 lows, we now have greater confidence in meaningful top-line acceleration and operating margin expansion,” Yih told clients. “We believe consensus estimates are too low and will be revised upwards over the next 12 to 24 months. And where estimates go, the stock…
Branch of HSBC bank on 15th January 2024 in London, United Kingdom. HSBC Bank plc is a British multinational banking and financial services organisation. HSBCs international network comprises around 7,500 offices in over 80 countries globally. (photo by Mike Kemp/In Pictures via Getty Images)Mike Kemp | In Pictures | Getty ImagesHSBC is preparing to wind down its M&A and equity capital markets businesses in Europe, the U.K. and the U.S. amid a broader overhaul of its investment banking operations.”As part of our ongoing efforts to simplify HSBC and increase leadership in our areas of strength, we are finalising a review…
When Ilya Rusinov returned to the Russian work force after rehabilitating a vertebra damaged in the Ukraine war, his first job was teaching in a school.But he had also launched a side project, a patriotic club he called Zveno, or “Squad,” that provides military training for different age groups, including teenagers. After struggling at first, it found growing demand for its training sessions, including from instructors at similar patriotic organizations. Mr. Rusinov eventually left his teaching job to help run Zveno full time.Almost three years after a mortar shell blew a hole in his back, Mr. Rusinov, who fought as…
