Why Western Digital and Seagate are seeing big stock drops today
Investors are worried that Toshiba will boost its production of a key AI storage product, potentially hurting the strong pricing power that Western Digital and Seagate currently enjoy.
Investors are worried that Toshiba will boost its production of a key AI storage product, potentially hurting the strong pricing power that Western Digital and Seagate currently enjoy.
Google is unveiling agentic artificial intelligence commerce updates for merchants ahead of this year’s holiday shopping season. “Finding the perfect holiday gift has always taken thought and research, and today’s shoppers are increasingly turning to AI to discover products, compare options, and make buying decisions,” the company said in a news release Wednesday (Sept. 16). “To succeed in…
“Instead of the great renewal, I think forward-looking, we need to be looking at the constant renewal,” she said. “With those two years, those three years, those four years, those ARMs [adjustable-rate mortgages] that are coming up for renewal… as brokers, you’re going to be renewing on a very regular basis now.” What’s more, property…
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Cryptocurrency card spending has reportedly more than tripled in the last year amid increased retail purchasing. Spending on these cards came to $1.04 billion in July thanks to dollar-backed stablecoins and more people purchasing everyday items like groceries, CoinDesk reported Sunday (Aug. 23). Dollar-backed stablecoins were behind 70% of the more than 10 million tracked…
As London/European traders had for the exits, the major European indices are closing higher. The gains were led by the France’s CAC which rose by 0.98%. That runs in contrast to that indices price action this week. Ironically, that index closed down -0.98% for the week. So the decline was halved in trading here today….
The head of buy now, pay later provider Affirm says gas prices are weighing on consumers. “The U.S. consumer undoubtedly sees the higher gas prices, so can’t, can’t ignore that,” Max Levchin said in an interview with CNBC’s “Squawk Box” Friday (Aug. 28). “They’re also coming to us to help manage those prices across all…