Bloomberg’s Caroline Hyde and Ed Ludlow discuss the latest moves in tech stocks as skepticism grows about whether the Federal Reserve will cut interest rates in December. Plus, Thinking Machines, the AI startup founded by former OpenAI executive Mira Murati, is in talks to raise funding at a $50 billion valuation. And Cursor CEO Michael Truell discusses the AI-coding startup’s latest fundraise at a $29.3 billion valuation. (Source: Bloomberg)

Alphabet Inc.’s Google plans to invest $40 billion in three new Texas data centers, part of an effort to add artificial intelligence computing power in a state that’s also drawn multibillion investments from competitors such as OpenAI and Anthropic PBC.

Early Friday, a crowd of people lined up outside Apple Inc.’s SoHo location in New York to be among the first to get their hands on a new, limited-edition product: an up to $230 iPhone pouch the company said is “inspired by the concept of a piece of cloth.”

Walmart Inc. Chief Executive Officer Doug McMillon recently spoke about the impact of artificial intelligence, saying it’s clear that the technology is going to change “literally every job.”

A startup’s entry into prediction market trading is raising fresh questions about the involvement of NBA owners in sports betting.

Nexperia rejected a claim by its Chinese unit that it was interfering with production by blocking wafer supplies, as a feud within the Dutch company rages even after Beijing took steps to restore supplies of the vital automotive components.

The cost of protecting Oracle Corp.’s debt against default rose on Friday, after surging by the most since 2021 on Thursday, as jittery investors and lenders rush to hedge against the billions of dollars the software giant is pouring into artificial intelligence.

The narrative, superhero game starring Aaron Paul of ‘Breaking Bad’ sold 1 million copies in the 10 days following its Oct. 22 release