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BofA sees 5-year Treasury bond bear market ending
TheStreet21d agoneutral
BofA sees 5-year Treasury bond bear market ending

Long-term Treasury bonds have delivered one of their worst stretches in modern history, with prices falling steadily since 2021 as inflation remained above the Federal Reserve’s target. Investors who owned 10-year and 30-year government debt watched the value of those holdings erode quarter ...

Amazon CEO Jassy may deliver a July 30 AWS earnings shock
TheStreet21d agoneutral
Amazon CEO Jassy may deliver a July 30 AWS earnings shock

Amazon has long derived a disproportionate share of its profit from its cloud division, Amazon Web Services (AWS). A growing number of Wall Street analysts are now projecting AWS will exceed consensus growth estimates when CEO Andy Jassy reports second-quarter results on July 30, The Motley Fool ...

Bloomberg21d agoneutral
Nvidia to Invest $1 Billion in Naver and Expand SK Group Accord

(Bloomberg) -- Nvidia Corp. will invest $1 billion in Naver Corp. to help finance an AI data center under construction in South Korea, adding to a frenzy of deals by the world’s most valuable company.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies on 60 EconomiesSpaceX Turns Away Falcon Customers i

Elon Musk confirms former trillionaire status as SpaceX plunges 50%
TheStreet21d agobearish
Elon Musk confirms former trillionaire status as SpaceX plunges 50%

On July 24, Elon Musk confirmed on X that he is now a former trillionaire. The tech tycoon's wealth skyrocketed following the initial public offering (IPO) of SpaceX (Nasdaq: SPCX) more than a month ago on June 12. The space technology and artificial intelligence (AI) company also ...

Prediction-Markets Race Heats Up as Robinhood and Crypto.com Hold Talks
The Wall Street Journal21d agoneutral
Prediction-Markets Race Heats Up as Robinhood and Crypto.com Hold Talks

Robinhood Markets might have found another dance partner in the prediction-markets business. The company is in talks with digital-currency exchange Crypto.com to expand the brokerage firm’s foothold in prediction markets, according to people familiar with the matter. Robinhood so far has relied on Kalshi and others to supply betting contracts for its prediction platform, but what began as a partnership is evolving into direct competition as the two companies push onto each other’s turf.

Nasdaq lags on angst over AI spending ahead of earnings reports
Reuters Videos21d agoneutralVIDEO
Nasdaq lags on angst over AI spending ahead of earnings reports

<body><p>STORY: U.S. stocks ended mixed on Friday, with the Dow gaining just under half a percent, the S&P 500 virtually flat and the tech-heavy Nasdaq sliding nearly two-thirds of a percent.</p><p>The S&P 500 technology index underperformed the broader market as chip stocks fell, with Intel dropping nearly 8% despite forecasting quarterly profit and revenue above Wall Street estimates.</p><p>Enthusiasm for the AI trade weakened after Alphabet's announcement earlier this week of a plan to hike capital spending even as it burns cash.</p><p>Richard Reyle, chief investment officer at Questar Capital Partners, said that as a result investors are rotating into what he called "safer parts of the market."</p><p>"Pharmaceuticals have been flying, and that's been, I think, where we see the rotation of the market right now. [FLASH] You look at the iShares, pharmaceutical fund, it's big components that are J&J and Eli Lilly, they're at all-time highs. And they're still relatively not super expensive stocks. So I think that's a place that can be bought and held. And of course, energy. Exxon's going to announce earnings next week. I bet they're going to be a blockbuster and they're going to continue to be because they make money at $60 a barrel. At $100 a barrel, forget about it. They do very well."</p><p>The S&P 500 real estate sector also outperformed during the session. Its leading gainer was Digital Realty Trust, which rallied 11% after it raised its full-year forecast for funds from operations.</p><p>Among other gainers, shares of SLB climbed 11% after the oilfield services firm beat expectations for second-quarter profit.</p><p>Investors now turn their attention to quarterly results next week from Magnificent 7 megacaps Microsoft, Amazon, Meta and Apple.</p></body>

Is Inflation Ebbing? Not According to This Business Ratio
Barrons.com21d agoneutral
Is Inflation Ebbing? Not According to This Business Ratio

The business inventory-to-sales ratio has declined to the lowest level since 2021, suggesting inflation may be even stickier than expected. Plus, investment newsletter commentary on small-caps, AI spending, and the gold market’s nasty message for bonds.

Wild Markets Week Settles Down
The Wall Street Journal21d agoneutral
Wild Markets Week Settles Down

TODAY'S MARKETS Billions of dollars of losses in artificial-intelligence stocks. Sharp spikes in oil prices that dropped just as quickly. A jump in benchmark Treasury yields Thursday to their highest level this year.

Earnings Are Crushing It. Stocks Are Getting Crushed.
Barrons.com21d agoneutral
Earnings Are Crushing It. Stocks Are Getting Crushed.

Investors aren’t buying the earnings story this summer, in contrast to the spring rally that powered stocks to a record high in early June, suggesting a tough climb for markets over the back half of the year. Early second-quarter earnings data suggests companies are beating Wall Street forecasts by nearly 9%, well ahead of the four-quarter average of around 7.5% and the 4.4% tallied since 1994, according to LSEG. Nearly 85% of companies are beating estimates, compared with the recent average of around 80% and the historic reading of around 68%, and LSEG figures suggest overall second-quarter profit growth of 27%.

Paramount Agrees to Pause Its Warner Bros. Merger
The Wall Street Journal21d agoneutral
Paramount Agrees to Pause Its Warner Bros. Merger

Paramount said Friday it will not move forward with its merger with Warner Bros. Discovery until legal challenges to the deal are resolved or June 1, 2027, whichever comes first. The concession is the latest blow to the $81 billion merger between entertainment giants Paramount and Warner, which is being challenged on antitrust grounds by 12 states and the Writers Guild of America, who argue the deal is anticompetitive. Paramount’s decision came after a California federal court had granted a temporary restraining order stopping the deal from closing in 28 days.