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Treasury yields rise as renewed tensions in the Middle East raise uncertainties. U.S. and Iran exchange fire over the weekend and crude prices rise 4%, clouding the outlook for inflation and interest rates.
The company scaled up the size of its massive data-center project in Northeast Louisiana to 5 gigawatts of compute capacity and said it would now cost more than $50 billion.
Global smartphone shipments fell 11% in the second quarter to their lowest level for the period since 2013, as a prolonged memory chip shortage drove up handset prices and dampened demand, according to early estimates from Counterpoint Research. Apple bucked the trend with a 3% rise in shipments, taking its global market share to a record 20% in the quarter on resilient demand for its premium iPhone lineup and keeping prices unchanged. However, analysts expect price increases in the coming months.
(Bloomberg) -- Shein Global Holdings Ltd. is seeking to list in Hong Kong as soon as in August after securing approval from China’s securities regulator, according to people familiar with the matter.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes as
Taiwan Semiconductor Manufacturing said its revenue last month jumped 68% compared with a year ago, hitting a record That implies that TSMC's second-quarter revenue came in at the equivalent of $39.55 billion, a record for the company and slightly above a FactSet consensus.
One number in Tuesday's report will tell investors whether the bank can finally grow again.
(Bloomberg) -- Michael Saylor’s Strategy Inc. raised about $467 million through the sale of common stock, lifting its cash reserve to roughly $3 billion while refraining from buying or selling Bitcoin.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes a
Meta stock was a fraction lower after the tech giant revealed an expansion for its Hyperion Louisiana data center project.
Visa is set to report Q3 earnings next month, with analysts expecting high single-digit EPS growth.
According to TheFly, TD Cowen analysts raised their price target for Cloudflare to $300 from $250 while maintaining a ‘Buy’ rating.
ON Semiconductor will report its second-quarter earnings soon, and Wall Street expects its profitability to improve by double digits.
(Bloomberg) -- For years, banks largely watched stablecoins evolve from a niche cryptocurrency product into a payments network moving tens of trillions of dollars annually. Now they’re dusting off the same collaborative playbook that produced Zelle, betting shared infrastructure is the best way to stop digital dollars from encroaching further on their business.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Gro
Intel has begun a €5 billion ($5.7 billion) capital investment at its Irish campus to expand its manufacturing output in Europe and meet growing global demand for AI and high-performance computing, the U.S. chipmaker said on Monday. Intel said the move would maximize capacity at its European manufacturing base in Leixlip outside Dublin, expanding current production output, advancing research and development activities and utilising capacity across existing cleanroom space. Intel is one of the key multinationals in Ireland's foreign investment-focused economy, having already invested €30 billion in the country since 1989, more than half of which was spent between 2019 and 2023 to double capacity at the plant in order to produce the company's most advanced process technologies.
(Bloomberg) -- Intel Corp. is spending €5 billion ($5.7 billion) to expand its plant in Ireland, as the chipmaker attempts to regain its manufacturing dominance for the AI boom.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes as Both Sides Dispute Hor
By Sai Ishwarbharath B July 13 (Reuters) - Nasdaq-listed fintech firm Payoneer Global plans to hire around 300 engineers by end of 2026 for its new global capability centre in India, joining a growing
Big banks are kicking off second quarter earnings season on Tuesday, Jul. 14, with reports from JPMorgan (JPM), Goldman Sachs (GS), Wells Fargo (WFC), Bank of America (BAC), and Citigroup (C). Morgan Stanley (MS) posts its results on Wednesday. RBC Capital Markets analyst Gerard Cassidy shares which banks he thinks could surprise markets and investors.
Citi expects Apple to report higher margins for the third quarter due to recent price hikes across its product portfolio.
> $50 billion How much Meta Platforms expects its massive data center in Northeast Louisiana to cost—nearly double the original $27 billion estimate—after supersizing the project to 5 gigawatts of compute capacity.
Federal Reserve interest-rate hikes are back in focus this week, thanks to rising inflation concerns following another surge in crude-oil prices. The U.S. and Iran traded fresh strikes over the weekend, and continued to dispute control of oil and energy flows through the Strait of Hormuz, after the breakdown of peace talks aimed at ending a conflict that has simmered for more than 4½ months. U.S. Central Command said around 140 Iranian targets were hit, while military officials from Tehran launched strikes on U.S. bases in the Gulf region, as well as a Kuwait-owned drilling installation.
Ultra-fast fashion retailer Shein is reportedly preparing for a long-anticipated initial public offering (IPO) now set to take place in Hong Kong as early as September or October.
July 13 (Reuters) - More than 200 researchers and economists, including 15 Nobel laureates and researchers at OpenAI, Anthropic and Google, have called for governments and technology leaders to
Earnings season kicks into gear this week with banks and tech stocks taking center stage. This week we have Bank of America, Taiwan Semiconductor, JP Morgan, Wells Fargo, Citigroup, Morgan Stanley, Goldman Sachs and Netflix all reporting in what shapes as a busy and pivotal week for stocks.
Investing.com - U.S. stock futures were mixed on Monday as investors monitored a sharp selloff across the global memory-chip sector and assessed developments in the biotechnology space.
The company scaled up the size of its massive data-center project in Northeast Louisiana to 5 gigawatts of compute capacity and said it would now cost more than $50 billion.
The market expects the fed funds rate to be higher before this year comes to a close.
📈 Follow our live markets data and coverage. Only slightly less known is that you really shouldn’t invest alongside media deals. News organizations devote way less space to mergers, acquisitions or spinoffs involving toilet paper, paint or breakfast cereal.
Bank earnings set to reflect Wall Street’s boom, SK Hynix stock tumbles, tariff inflation is waning, and more news to start your day.
Financial markets started the week on an uncertain note as renewed military tensions between the United States and Iran pushed oil prices sharply higher, pressured equity futures and shifted investor attention toward a crucial week of corporate earnings. At the same time, weakness across Asian semiconductor stocks has prompted questions about near-term sentiment toward artificial intelligence investments, despite continued strong demand for advanced chips.
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