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Phillip 66’s 900-mile pipeline will carry gasoline, diesel and jet fuel from the Texas Panhandle to Phoenix and Los Angeles.

When is a good time for a company to raise equity? When its shares are expensive, according to financial lore. Intel, which said on Monday that...

Singapore's Sea Ltd beat estimates for quarterly revenue on Tuesday, powered ‌by growth at its e-commerce business ‌led by Shopee and rising demand for its financial services. U.S.-listed ​shares of the company were up 7.6% in premarket trading. Shopee has grown into Southeast Asia's leading e-commerce platform through a combination of ‌aggressive discounting, gamified ⁠shopping features and a broad logistics network.

New York City is on the verge of passing a law that would upend how Amazon delivers packages, and the company has quietly bankrolled a multimillion-dollar campaign to stop it before voters realize who is actually behind it.

Intel increases stock offering to $20 billion, SpaceX stock rises after first lockup ends, Archer Aviation to absorb Boeing’s air taxi business, and more news to start your day.

To say that the proposal was controversial doesn't quite capture the strength of the backlash.

Stocks looked set to struggle for direction on Tuesday as investors worried about inflation, with hopes of Iran agreeing a deal to reopen the crucial Strait of Hormuz shipping route fading fast.

Investing.com -- Citi reissued its positive catalyst watch on MongoDB, citing "significant positive estimate revisions" and several upcoming catalysts including earnings, product updates, a Citi conference and an investor day. The bank raised its price target to $545 and reiterated its Buy rating.

Find insight on TSMC, Axiata, Apple and more in the latest Market Talks covering technology, media and telecom.

Walmart offers more consistency with boosting its dividend payouts, but Costco's special dividend is alluring.

Higher energy prices are reigniting inflation concerns, pushing global government bond yields upward. The benchmark 10-year Treasury yield rose to 4.729% this morning, according to Tradeweb, within striking of its year-to-date closing peak of 4.

The President rues the fact that he was too quick to pull the trigger on a deal, and should have ‘asked for more’.

Barrick Mining Corporation (NYSE:B) has appointed Sebastiaan Bock as Chief Executive Officer, Rest of World, giving him responsibility for the company’s gold and copper operations and projects outside North America. The appointment takes effect immediately, with Bock reporting directly to Barrick President and Chief Executive Officer Mark Hill.

ARKK and ARKG completely exited their respective positions in 10x Genomics.

TSMC (NYSE:TSM) and Sony Group (NYSE:SONY) are joining forces on a $4. 69 billion semiconductor venture in Japan focused on developing and manufacturing next-generation image sensors, with mass production targeted for 2029.

Cramer’s Case for the Semiconductor Equipment “Troika” During the August 6 episode of CNBC’s Mad Money, host Jim Cramer pointed to the bottleneck in data center memory production and urged investors to focus on the companies building the fabrication machinery. He highlighted Lam Research Corporation (NASDAQ:LRCX), KLA Corporation (NASDAQ:KLAC), and Applied Materials, Inc. (NASDAQ:AMAT) as […]

Cloud computing is a major beneficiary of AI spending.

(Bloomberg) -- GO Residential Real Estate Investment Trust, backed by a group of investors including Blackstone Inc., has agreed to buy H&R Real Estate Investment Trust in a cash and unit deal valuing the equity of the Canadian owner of apartment buildings at C$3.4 billion ($2.44 billion).Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentTrump Makes Sweeping New Demands on Iran as Deal Hopes DimFiv

Riot Platforms, Inc. (NASDAQ:RIOT) stock traded higher Tuesday after the company reported second-quarter results after Monday’s market close. The rally may also have been supported by short-covering activity, with nearly 15% of the public float sold short. Second-Quarter Earnings Revenue rose 14% year over year to $174.2 million, beating the $152.1 million analyst estimate. Riot reported an adjusted EBITDA loss of $69.7 million, compared with adjusted EBITDA of $495.3 million a year earlier. The

(Bloomberg) -- With its verdigris copper bell tower, the 90-year-old Alexander Hamilton High School in West Los Angeles encapsulates many of the Los Angeles Unified School District’s woes.Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentTrump Makes Sweeping New Demands on Iran as Deal Hopes DimStocks Churn as Hormuz Standoff Spurs Rally in Oil: Markets WrapFive Takeaways From Zuckerberg’s 6,500-Wo

A Beverage Bet That Lost Its Fizz

Shifting Into High Gear on AI Demand

Berkshire has finally started to put its cash to work.

Markets were subdued as the US and Iran dug in their heels, clouding hopes for a Hormuz deal.

On Wednesday, the U.S. government is expected to report that consumer prices rose by 3.4% in July from a year earlier, or by 2.5% for those of us who don’t use food or energy. It’s easy to poke fun at government data or even to doubt its accuracy. Tax brackets, Social Security payments and retirement-account contribution limits are all pegged off of it.

A Goldman Sachs executive says the AI trade is quietly shifting away from chips toward a different hardware category entirely, and two companies are already racing to fill a supply gap that could take years to close.

The company is expanding to capture its share of a $84 trillion opportunity in the next 20 years.

The plant, under construction in New Carlisle, Indiana, is being built under a JV arrangement reached in May 2023.

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