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Corning Pre-market Up 9% as Company Strikes Billion-Dollar Deal with Amazon to Expand US AI Data Center Infrastructure

2 hours ago

June 8, Bitget market data shows Corning’s pre-market trading up 9% and Amazon’s pre-market up 1.23%. In related news, Amazon announced a multi-billion-dollar, multi-year deal with Corning to acquire the latter’s fiber-optic products and network solutions, supporting its fast-growing expansion of AI data centers across the U.S. The two sides noted the agreement is projected to add roughly 1,000 jobs at Corning’s North Carolina facility and expand local fiber-optic tech workforce training programs. Amazon Web Services (AWS) CEO Matt Garman added that the company’s existing investments in North Carolina have already created over 26,000 jobs, with Amazon pledging $10 billion last year to build new data centers in the region. Against the backdrop of surging demand for AI computing power, fiber-optic connections have become critical infrastructure for high-speed interconnectivity between data center racks and chips. This partnership marks another major AI infrastructure win for Corning this year. Earlier this year, in January, Meta pledged up to $6 billion to support Corning’s expansion of its North Carolina fiber-optic plant; in May, Nvidia announced it would invest up to $3.2 billion in Corning to build three advanced manufacturing facilities dedicated to its operations. Boosted by growing demand for AI infrastructure, the 175-year-old Corning is entering a new growth phase: its share price has more than doubled so far this year, and is up nearly six times since the end of 2023.
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Trump denies ever promising to avoid war, CNN fact-check reveals his claim does not align with campaign rhetoric

June 8 — Per CNN, during an appearance on NBC’s *Meet the Press*, former President Donald Trump claimed he “never made any commitments” to avoiding new wars, insisting: “I have not made any commitments.” But CNN’s fact-check team called that a contradiction of the public record, noting Trump repeatedly vowed during his 2024 presidential run that the U.S. would not get dragged into any new conflicts if he won a second term. CNN’s report highlights several instances where Trump laid out those pledges: At a Pennsylvania rally in August 2024, he declared, “Under Trump, we will no longer have war, no longer have turmoil, we will have prosperity and peace.” He told internet personality Adin Ross in an interview that same period, “We will no longer have war.” He also echoed the exact line — “there will be no more war” — at campaign stops in North Carolina and Wisconsin. In his 2024 victory speech, Trump doubled down on the promise, pushing back against critics who warned he would spark new

16 minutes ago

Bitcoin Weekly Chart Shows Rare Bullish Divergence, Analysts Eyeing $90,000 Target

June 8 — Bitcoin is flashing only its second bullish divergence signal ever on the weekly chart, stoking trader expectations for a major new price surge. Analysts are leaning on historical precedent here: the last identical signal popped right after the 2022 FTX collapse, when Bitcoin rallied from ~$15,500 to roughly $126,200 — a more than 700% gain — leading many to bet BTC could challenge the $90,000 resistance mark this time around. Technical data backs this up: Bitcoin’s weekly RSI (Relative Strength Index) has bounced back above 34 after dipping into oversold territory, even as the crypto’s price has fallen from $75,800 to sit around $63,000. While BTC has recently notched lower price lows, its momentum indicator has formed higher swing lows — a classic bullish divergence that signals selling pressure is fading fast. From a technical standpoint, Bitcoin’s first key target is its 50-week moving average, currently clocking in at around $91,800. Right now, BTC is trading near its 2

16 minutes ago

EDGE Markets has completed a $29.2 million Series A funding round, led by CoinFund

On June 8, prediction market infrastructure firm EDGE Markets announced it has closed a $29.2 million Series A funding round. CoinFund led the round, with participation from Indicator Ventures, Mantis VC, Stepstone Group, and Bullpen Capital. The new capital will go toward launching two core products: EDGE Pro, a banking platform for prediction market makers, and EDGE Connect, a payment network designed for entertainment and prediction markets. EDGE Pro will give market makers high-throughput deposit accounts, enabling real-time fund transfers and settlements across U.S. platforms regulated by the Commodity Futures Trading Commission (CFTC). The company is also applying for Introducing Broker (IB) and Futures Commission Merchant (FCM) licenses from the National Futures Association (NFA) to boost capital efficiency and support margin management. EDGE Connect, meanwhile, is a dedicated payment network for the prediction market space. It offers 24/7 real-time payments (RTP) and u

16 minutes ago

Felix will shut down the DEX on June 19, becoming the first deployer of HIP-3 to formally close.

On June 8, decentralized derivatives platform Felix announced that due to the suspension of stablecoin USDH, the Felix DEX (built on HIP-3) and all active trading markets will begin gradual winding down starting June 19, with full liquidation wrapping up by June 20. The platform is reminding traders to close their positions ahead of time, noting each market will settle sequentially with a one-hour gap between adjacent markets. Community member Shaunda Devens commented that Felix is the first official HIP-3 deployer to shut down, and this may only be the beginning. Devens stated that except for TradeXYZ, the rewards other deployers earn via HYPE staking and auctions are not competitive. Hyperliquid community member aaalex.hl pushed back, arguing Felix’s shutdown appears to be mainly tied to USDH’s suspension rather than market share pressure from TradeXYZ. In response, Devens agreed USDH is one of the factors, but added Felix opted to shut down its DEX entirely instead of remaining a

16 minutes ago

Fitch Ratings has upgraded its global oil and gas sector outlook to "Positive," expecting the Brent oil price to remain between $100-110 in the short term.

On June 8, Fitch Ratings upgraded its outlook for the global oil and gas sector from its prior rating to “Improving,” pointing to the recent uptick in oil prices as a lift to the industry’s profit prospects. The rating agency expects that amid shipping disruptions in the Strait of Hormuz, Brent crude prices will hold steady between $100 and $110 per barrel through June and July. Once supply rebounds, however, prices are projected to fall to roughly $70 per barrel by September. Fitch’s base case assumes that after the Strait of Hormuz reopens, global oil production will recover rapidly, and the agency confirms no major damage to critical oil infrastructure has occurred so far. The agency noted that near-term fears over energy supply will continue to buoy oil prices. But as geopolitical risks fade and production capacity is restored, the boost from higher oil prices is set to gradually wear off.

16 minutes ago

Philadelphia Semiconductor Index Soars Over 5% at Market Open, Led by Intel

June 8 – Per data from Bitget Markets, the Philadelphia Semiconductor Index opened more than 5% higher. Major chip stocks posted strong gains: Intel (INTC.O) rose 9.73%, Micron Technology (MU.O) climbed 9.6%, ASML (ASML.O) advanced 5.1%, and Applied Materials (AMAT.O) gained 5%.

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