Business & Finance
China's ChangXin Memory Technologies triggered a global semiconductor sell-off Tuesday after announcing progress on a new chip architecture, sending Micron down 5%, SK Hynix down 10%, and Samsung down 7.4% while extending losses across Asian and European markets.
Marc Sabatini · 2 DAYS AGO
Business & Finance
SpaceX's agreement to acquire a nationwide spectrum portfolio from Grain Management sent Verizon down 8.75%, T-Mobile down 13.27%, and AT&T down 9.81% on Friday, as investors priced in the long-term threat of Starlink entering the U.S. mobile market.
Sara Montes de Oca · 5 DAYS AGO
Politics
A bipartisan House panel has declared trading platform Webull a national security risk, citing structural links to China's government — findings that sent the company's stock down 18% and triggered a sharp denial from the company.
TechEchelon Staff · 8 DAYS AGO
Politics
Sen. Rand Paul blocked a unanimous consent push for the Kids Online Safety Act on Wednesday, the same day bipartisan senators unveiled a permitting reform deal and Senate Democrats voted down the House-passed Ratepayer Protection Act targeting data center electricity costs.
Jay Goldberg · 15 DAYS AGO
Artificial Intelligence
Meta's Muse AI agent has sparked a sharp sell-off in consumer stocks since its September 8 launch, with Planet Fitness down 20%, Airbnb off 13%, and Booking Holdings falling 16% on fears that AI-driven automation will erode customer inertia business models.
Sara Montes de Oca · 15 DAYS AGO
Business & Finance
Lowe's is partnering with DoorDash and Alphabet's Wing to launch drone delivery, beginning with a pilot at a store in Matthews, North Carolina, offering more than 100 products with delivery windows as fast as 20 minutes.
TechEchelon Staff · 21 DAYS AGO