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Bloomberg48d agoneutral
Traders’ Latest AI-Related Play Is a Struggling Car Parts Stock

(Bloomberg) -- Investors looking for the stock market’s next artificial intelligence winner have honed in on embattled French car parts maker Valeo SE.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealUS and Iran Delay Nuclear Talks as Lebanon Clashes WorsenUS Tells ASML It’s Concerned China May Have Top Chip ToolShares in Valeo, which makes engin

JPMorgan latest Broadcom outlook sends key signal
TheStreet48d agoneutral
JPMorgan latest Broadcom outlook sends key signal

Somewhere in the past few weeks, a supply chain rumor got out that a chip program Broadcom has been working on with Google might be running late. Nobody confirmed it. No contract was lost, no customer pulled back, no earnings were restated. Just a rumor, and yet Broadcom's stock shed nearly 7% in ...

JPMorgan flags new warning sign for Bitcoin miners
TheStreet49d agoneutral
JPMorgan flags new warning sign for Bitcoin miners

Quantitative analysts at JPMorgan Chase (NYSE: JPM) have issued a sharp warning on Bitcoin (BTC) mining, Investing.com reported on June 18. Bitcoin is the world's first decentralized cryptocurrency, which means no centralized body creates or controls it and it runs on a peer-to-peer (P2P) network. ...

Bloomberg49d agoneutral
SpaceX Bankers Prepare for Bond Sale of at Least $20 Billion

(Bloomberg) -- Bankers for Elon Musk’s SpaceX are preparing to hold calls with investors as soon as next week to discuss a potential bond offering on the heels of the company’s record IPO, according to people with knowledge of the matter.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealIran’s Deputy Foreign Minister Confirms Deal Reached With USA

Inside the Chaotic Iran Talks That Let Trump Claim Victory
Bloomberg49d agoneutral
Inside the Chaotic Iran Talks That Let Trump Claim Victory

(Bloomberg) -- It was fight night on the White House lawn. Beneath a great steel canopy nicknamed "the Claw," Justin Gaethje did a backflip off the caged ring in the center of the South Lawn after winning the Ultimate Fighting Championship title card. In the audience, the president, newly 80, had just announced that the Iran war was over, and the Strait of Hormuz was open.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of 'Shortage of Trust' Ahead of

Bloomberg49d agoneutral
Inside the Chaotic Iran Talks That Let Trump Claim Victory, But Not Yet Peace

(Bloomberg) -- It was fight night on the White House lawn. Beneath a great steel canopy nicknamed “the Claw,” Justin Gaethje did a backflip off the caged ring in the center of the South Lawn after winning the Ultimate Fighting Championship title card. In the audience, the president, newly 80, had just announced that the Iran war was over, and the Strait of Hormuz was open.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of

Bloomberg49d agoneutral
Lenovo Raises $2 Billion From Seven-Year Convertible Bonds

(Bloomberg) -- Lenovo Group Ltd. fetched $2 billion from the sale of seven-year convertible bonds, two years after it raised a similar amount from Saudi Arabia’s sovereign wealth fund.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealApple Plans Camera AirPods Alongside Upgraded Foldable iPhone in

Bloomberg50d agoneutral
Traders Fully Price in a Rate Hike by October on Hawkish Fed

(Bloomberg) -- Short-dated US Treasury yields leaped as Federal Reserve officials signaled they expect an interest-rate hike in the coming months, pushing traders to fully price in higher borrowing costs by October.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealApple Plans Camera AirPods Alongs

Big Bank Stocks Hit Records Ahead of Fed Meeting
Barrons.com50d agoneutral
Big Bank Stocks Hit Records Ahead of Fed Meeting

Shares of large U.S. banks outperformed the market on Wednesday, with some hitting records, as investors awaited the first Federal Open Market Committee meeting of Kevin Warsh’s Fed chairmanship. Investment banks Goldman Sachs and Morgan Stanley also rallied and hit records, according to FactSet and Dow Jones Market Data. Traders widely expect the Fed will keep the benchmark federal-funds rate target unchanged at a range of 3.50% to 3.75%.

Bloomberg50d agoneutral
US Retail Sales Rise in Broad Gain Despite Higher Gas Prices

(Bloomberg) -- US consumers ramped up spending in May across a broad range of retailers, signaling households powered ahead despite higher gasoline prices.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealThe value of retail purchases rose 0.

Bloomberg50d agobullish
Bond Rally Fails to Allay Higher-for-Longer Global Rates Threat

(Bloomberg) -- Governments around the world look to be facing lofty borrowing costs for at least the rest of the year, even as the fragile Middle East truce lowers energy prices and curbs inflationary fears.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gain

Bloomberg51d agoneutral
Bondholders Forced to Reckon With $4 Billion Tax Threat in Bitter Credit Feud

(Bloomberg) -- Patrick Drahi was running out of options to save his debt-ridden telecom empire.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen HormuzCreditors had closed ranks under a cooperation pact, making it difficult for Optimum Comm

Bloomberg51d agobullish
STMicro Eyes $1.5 Billion Convertible Bonds After AI-Fueled Jump

(Bloomberg) -- STMicroelectronics NV is looking to raise $1.5 billion from selling debt that can be exchanged into equity after the chipmaker’s shares tripled in value so far this year. Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen Horm

JPMorgan's $175 million fraud problem just got political
TheStreet51d agoneutral
JPMorgan's $175 million fraud problem just got political

JPMorgan Chase spent five years trying to close one of the most embarassing chapters in its acquisition history. Now the case has a new variable it cannot control. Charlie Javice, the founder of student-finance startup Frank, is seeking a presidential pardon from President Donald Trump, according ...

Morgan Stanley’s Wilson Sees US Stock Market Rally Broadening
Bloomberg52d agobullish
Morgan Stanley’s Wilson Sees US Stock Market Rally Broadening

(Bloomberg) -- US stocks could get an additional boost from a rotation into cyclical, economically-sensitive industries that have lagged in the Iran war, according to Morgan Stanley strategists.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOIran Pushes Differing Deal Versio

Birkenstock Readies First Bond Deal in Five Years for Buybacks
Bloomberg52d agobullish
Birkenstock Readies First Bond Deal in Five Years for Buybacks

(Bloomberg) -- Birkenstock is lining up its first bond offering in more than five years as it seeks to replace existing debt and considers further share buybacks. Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOIran Pushes Differing Deal Versions as US Sticks to TimelineThe

Bloomberg52d agoneutral
London Gold Market Weighs Earlier Auction to Suit Asian Traders

(Bloomberg) -- The London Bullion Market Association is considering moving its morning gold auction to an earlier time to accommodate traders in Asia.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOIran Pushes Differing Deal Versions as US Sticks to TimelineThe potential shi

Treasuries Rally as Traders Trim Fed Hike Bets After Iran Deal
Bloomberg52d agobullish
Treasuries Rally as Traders Trim Fed Hike Bets After Iran Deal

(Bloomberg) -- Treasuries advanced across the curve as investors dialed back expectations for Federal Reserve interest-rate hikes following news of a deal to halt the Iran war. Most Read from BloombergIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOIran Pushes Differing Deal Versions as US Sticks t