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The stock market is salivating over big increases in corporate earnings, but there’s a catch. Analysts expect S&P 500 companies’ earnings growth to top 20% for a second consecutive quarter in the current period, in part because of soaring profits by semiconductor makers and other AI-infrastructure companies. This combination has worked wonders for corporate earnings broadly.
SpaceX's record-setting IPO has investors rushing into space stocks. From Rocket Lab to AST SpaceMobile, here's how to separate the durable winners from the hype in a fast-growing $1 trillion market.
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -1.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.98%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.99%. June E-mini S&P futures (ESM26 ) fell -1.19%, and June E-mini Nasdaq futures...
US stocks (^DJI, ^IXIC, ^GSPC) ended Wednesday's session in negative territory after Federal Reserve officials unanimously voted to hold interest rates at their June FOMC meeting today, while also forecasting at least one possible rate hike ahead. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the trading day's market reactions to the Fed's big decision. This was Kevin Warsh's first FOMC meeting he presided over as the new chairman of the Fed.
AI lab Odyssey on Wednesday said it has raised $310 million in a Series B round valuing it at $1.45 billion, and struck a deal with Amazon Web Services that gives it access to specialized chips designed for high‑performance machine-learning workloads. The round, led by Natural Capital, saw participation from Amazon, AMD Ventures, Google Ventures, EQT and In-Q-Tel, alongside prominent individual investors including Google’s chief scientist Jeff Dean and Garry Tan, president and CEO of Y Combinator. Odyssey is building models that can simulate the real world and act without human input.
Shipping a product people love and running a company that makes money are two different jobs. One earns applause. The other earns a line on the balance sheet, and the two rarely arrive in the same week. Rivian spent years selling the idea that it could become the next great American carmaker. Its ...
AI lab Odyssey said on Wednesday it has raised $310 million in a funding round that valued it at $1.45 billion. The Series B round was led by Natural Capital, with participation from Amazon, AMD Ventures, GV, EQT, IQT and others. The last few years have seen major breakthroughs in scaling, interactivity, multimodality and physics accuracy, and the field is now advancing extremely quickly,” said Oliver Cameron, Co-founder and CEO of Odyssey.
Amazon’s growth over the past three decades has been phenomenal. The company initially started out selling books online at the start of the internet boom in the mid-1990s, but its online marketplace now offers millions of goods, from clothing to electronics to groceries and household essentials. ...
SpaceX stock has risen around 50% since its Nasdaq debut last Friday, pushing its valuation above $2.66 trillion at Tuesday's close
(Bloomberg) -- Apple Inc. investors are losing patience with the company’s talk about becoming a more formidable presence in artificial intelligence and want to start seeing some results.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 Gains in Peace Deal“Ther
Plus, the U.S.-Iran deal lets Tehran sell oil immediately, and a former drug dealer’s shows make millions without Hollywood.
The FTC has drafted a potential complaint against Amazon as part of an ongoing investigation, Bloomberg reported, with multiple state attorneys general also involved alongside the federal regulator. The agency may resolve the matter, either through a formal lawsuit or a negotiated settlement, as soon as this summer. Any final action would require a vote from the FTC's two Republican commissioners, Chairman Andrew Ferguson and Commissioner Mark Meador.
NEW YORK, June 16 (Reuters) - Wall Street was mixed on Tuesday as tech shares weighed on the S&P 500 and the Nasdaq while the Dow notched another record high and crude prices resumed their post-Iran-
Amazon.com may face a U.S. Federal Trade Commission lawsuit that could result in civil penalties, following allegations that the e-commerce giant misled advertisers, Bloomberg News reported on Tuesday. The FTC has a possible complaint against Amazon as part of an ongoing probe, Bloomberg reported, citing people familiar with the matter. The agency has been investigating whether Amazon and Alphabet's Google misled advertisers that place ads on their websites, Reuters reported last year.
SpaceX shares are surging 14% in early trading, putting Elon Musk's rocket company on track for a third-straight day of gains. On an intraday basis, SpaceX has already crossed that threshold. Its stock move gives the rocket company a market cap of about $2.937 trillion, versus $2.654 trillion for Amazon.
BANGALORE, June 16 - Indian online grocery retailer Bigbasket on Tuesday appointed Amit Nanda as its CEO, replacing co-founder Hari Menon, who will continue to serve on the board.
(Bloomberg) -- Customers at some of the largest retail brokerage firms in the US each received at least a single share in SpaceX’s $86.2 billion IPO, underscoring how the offering was designed to give individual investors a sizable role.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsStudios in Microsoft’s Xbox Division Brace for ClosuresIran Signals No Deal Will Be Signed by Trump’s Sunday Timeli
The National Labor Relations Board wrote that the company had raised “no substantial issues warranting review” of the election certification.
Shares of SpaceX rose more than 10% Monday, putting Elon Musk’s rocket company within reach of Amazon's market capitalization. Last week, the company pulled off the largest initial public offering ever and one of the smoothest in recent history.
Investing.com -- Nvidia Corp. is preparing to sell investment-grade bonds for the first time in approximately five years, according to Bloomberg News. The chipmaker aims to raise at least $20 billion through the offering.
El Al Israel Airlines has signed a deal with Elon Musk's Starlink to make high-speed internet available across its fleet starting next year, the airline said on Monday. Financial details of the agreement were not disclosed. Israel's flag carrier said SpaceX's Starlink service would be offered free of additional charge and would allow hundreds of customers to connect simultaneously, including on long-haul flights.
Elon Musk said on Sunday that his rocket company, SpaceX, could bring in $1 trillion in revenue by 2030, making the statement two days after the company went public, valuing it at over $2 trillion. "And I would be surprised if revenue is not greater than $1T in 2031," he wrote on his social media platform X, replying to journalist and financial commentator Jon Erlichman. SpaceX on Friday became the sixth-largest U.S. firm, cementing Musk's status as the world's first trillionaire.
Investing.com -- Agentic shopping is the use of AI agents to carry out parts of the shopping process on behalf of the customer instead of merely providing recommendations. Google’s agentic shopping protocol, for instance, enables agents to work across different parts of the buying processes, including discovery and post-purchase support. But has agentic shopping reached the capacity to directly make shopping decisions on customers’ behalf?
Information Andy Jassy shared with the Trump administration sparked an abrupt, sweeping move to halt foreign access to the company’s powerful AI tools.
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