Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
NVIDIA is committing a direct $2 billion investment to Nebius Group to support scaling of the company’s neocloud infrastructure with NVIDIA hardware and software, as Nebius and its partners push further into AI infrastructure.
THE APEX TIMES
THE APEX TIMES
In remarks tied to Alphabet’s Q1 2026 results, Sundar Pichai said revenue from products is now the biggest growth driver, shifting how investors may think about the company’s mix as cloud and AI ambitions mature.
THE APEX TIMES
The rating action, reported June 16, outlines continued Wall Street optimism toward Salesforce’s customer-relationship management platform and broader software suite, even as the stock’s near-term outlook remains sensitive to enterprise spending trends.
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A Reuters report cited by Yahoo Finance says Ford and other automakers are finding it difficult to secure U.S. Commerce Department authorization needed to keep certain EV-related efforts moving, adding uncertainty for investors monitoring the pace of industry electrification.
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General Motors is looking again at plans to use lithium-iron phosphate, or LFP, chemistry in coming electric vehicles, a move that could affect manufacturing decisions and battery sourcing as the industry weighs cost, energy density and supply risk.
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A report flagged Tesla’s growing real-world footprint in the Netherlands, where a Dutch road authority said roughly 40,000 vehicles are now operating using “self-driving.” The same coverage frames Tesla as a prominent EV holding, citing interest from hedge funds.
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CEO Tim Cook said Apple is “not able to absorb” sharply rising costs for memory and storage components, setting expectations for price changes across its product range.
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The Greek energy company said it signed an agreement with Chevron to transfer a majority interest in the Block 10 offshore concession, a deal that could expand Chevron’s exposure to an additional offshore asset.
THE APEX TIMES
Exxon Mobil South Africa LNG has signed a heads of agreement with Zululand Energy Terminal to support LNG supply tied to plans for a first liquefied natural gas import terminal at the Port of Richards Bay, according to a market report.
