The GM- and Tencent-backed firm plans to use about 60% of proceeds to fund R&D, including AI computing and data storage
News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
Wall Street bankers are predicting a busy second half after SpaceX's $86 billion listing and Alphabet's $85 billion share sale pushed issuance past the 2021 peak
Goldman Sachs noted gold has room to run this year as the precious metal continues to underperform the broader market.
According to data compiled by Bloomberg, Wall Street bankers predict a robust pipeline of IPOs and other equity offerings through the remainder of 2026.
The fight between Walmart and Amazon is no longer just about who can deliver groceries faster or offer the lowest price on household essentials. That rivalry has moved into nearly every part of retail. The two companies compete for shoppers, marketplace sellers, delivery speed, memberships, ...
Nasdaq confirmed SpaceX will enter the benchmark index on July 7, unlocking an estimated $4.3 billion in passive fund purchases
Talk about high expectations for earnings season!
Comcast’s planned breakup is sending Charter Communications’ stock soaring. The cable giant plans to spin off NBCUniversal and Sky operations, leaving Comcast to focus on broadband, wireless and cable. “The core regulatory questions [for a potential bid] become cleaner: broadband concentration, local market overlap, wireless bundling and the FCC public interest review,” research firm MKI Global Partners said in a note today.
Microsoft is headed for its worst month since December 2000.
Artificial intelligence has no shortage of obstacles. The industry is scrambling to secure enough electricity to power new data centers, enough land to build them, and enough high-bandwidth memory (HBM) to keep next-generation chips fed with data. Yet another constraint is emerging that could prove just as important: moving information between those chips fast enough ... These 7 Stocks Will Solve AI’s Most Important Bottleneck
Rocket Lab (NASDAQ:RKLB) shares gained 5% on Monday after the company announced an agreement to acquire satellite communications provider Iridium Communications (NASDAQ:IRDM) in a transaction valued at approximately US$8 billion. Trading in Iridium shares was halted pending the announcement after the stock last traded at US$43.
MediaAlpha currently trades at $12.19 per share and has shown little upside over the past six months, posting a small loss of 4.6%. The stock also fell short of the S&P 500’s 6.8% gain during that period.
NVR, Inc. is set to announce its second-quarter earnings soon, and Wall Street expects the company’s EPS to fall by double digits.
June 29 (Reuters) - Wall Street's main indexes opened higher on Monday as easing tensions in the Middle East lifted sentiment following days of hostilities between the U.S. and Iran.
Apple's price hikes on a range of products due to rising memory chip costs might not fully cover its increased expenses.
Comcast (CMCSA) said Monday it plans to split into two publicly traded companies, separating its NBC
Alphabet joins the Dow today, replacing Verizon Communications. Its addition will give the index more AI exposure... though its methodology means it won’t be as great as you might think. We broke it down in charts.
A portfolio that throws off $60,000 a year sounds like a finished puzzle. The brokerage statement says $5,000 a month, the bills get paid, life goes on. Then the retiree adds up what actually reached the checking account and discovers the spendable amount is thousands of dollars lower than expected. Taxes, Medicare costs, and inflation ... Your Portfolio Pays $60,000 A Year. So Why Can You Only Spend $45,000?
(Bloomberg) -- Officials from the Nasdaq and the New York Stock Exchange plan to ring the opening bell from the Oval Office to mark the launch of Trump Accounts for minors, top White House economic adviser Kevin Hassett announced. Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksOil Trades Near Four-Month Low as US and Iran Halt Fresh AttacksAramco Helicopter Crash in Ras Tanura Kills All 14 on Boa
The 50/50 deal creates a new entity with $4 billion in combined revenue serving 3,000 customers across 180 countries.
(Bloomberg) -- Wall Street bankers are on a high after record-setting offerings from SpaceX and Google parent Alphabet Inc., lifting expectations for deal activity in the rest of 2026.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksOil Trades Near Four-Month Low as US and Iran Halt Fresh AttacksAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardPrabowo Risks Prompt Global Banks to Pull Cas
The cash-and-stock deal gives Rocket Lab a global satellite network, licensed spectrum, and 2.55 million subscribers
Pre-Market Stock Futures: Futures are trading higher as we get ready to start a holiday-shortened trading week, with the Federal 4th of July holiday scheduled for Friday, before we celebrate the 250th anniversary of the country on Saturday. Futures are higher after reports that the U.S. and Iran have agreed to halt hostilities, which we ... Here Are Monday’s Best Wall Street Analyst Research Calls: Adobe, Applovin, Casey’s General Stores, CrowdStrike, Honeywell Aerospace, Salesforce, Synaptics,
The financing will support the company’s investments in commercial aviation, security and defense, with projects in France, Germany and Spain as the bloc seeks to build out its tech capabilities.
Amid a week of heightened volatility, the S&P 500 closed below its 50-day moving average for the first time in more than two months.
Bank of New York Mellon, the nation’s oldest bank, said it will soon allow institutional customers to store, transfer, mint and burn Circle Internet Group’s USDC stablecoin. Slated to go live by the end of July, the new capability makes it easier for BNY customers holding USDC in their digital-asset wallets to convert dollars into stablecoins and redeem stablecoins for dollars. BNY already safeguards the majority of the dollar reserves backing USDC, the second-largest stablecoin with a market cap of $74 billion.
Ahead of the bell US stock futures rose on Monday after reports that Washington and Tehran had agreed to halt the tit-for-tat attacks that broke out over the weekend, allowing peace talks to continue. Nasdaq 100 futures climbed 1.2%, while S&P 500 futures added 0.8%, following sharp...
(Bloomberg) -- Microsoft Corp. shares are heading for their worst month since the dot-com era as investors continue to fret about how the software giant will fare in a world marked by artificial intelligence.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksOil Trades Near Four-Month Low as US and Iran Halt Fresh AttacksAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardPrabowo Risks Prompt
Philip Morris is expected to announce its second-quarter earnings in July, and Wall Street expects the company’s EPS to increase by a single-digit percentage.