Brookfield's Csquare is expected to start trading July 16.
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<p>Inflation is running at 3.5% year-over-year, ongoing geopolitical shocks are disrupting global oil supplies, and consumer electronics prices are soaring because of AI memory shortages. This is exactly the inflation environment gold ETFs were built for — and most investors are underweight.</p>
Uber stock was lower after Delivery Hero confirmed it was in "advanced negotiations" for a takeover from Uber.
A rush by technology companies to fund AI infrastructure is boosting dealmaking and financing activity for Wall Street, bankers said on Tuesday, generating lucrative fees from capital raising and loans. Investment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR offering and SpaceX's record $86 billion initial public offering, as well as debt issuance. "The build-out of AI infrastructure remains in its early stages, and we believe this multi-year investment cycle will continue to drive elevated levels of strategic activity, financing, and capital formation across markets," Goldman Sachs CEO David Solomon said during an earnings call.
(Bloomberg) -- The premium for SK Hynix Inc. American Depository Receipts over their Korean-listed shares soared to nearly 50%, just three days after making their US trading debut.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeUS CPI Falls for the First Time Since 2020, Core Gauge FlatA Cocaine Bust in Spain Leads All the Way to Wall Street‘We Faltered’: IBM Plunges Most Since 1968 on Sales MissTrump Shelves 20% Fee for Hormuz Cargo After Gulf PressureThe
Delivery Hero said on Tuesday it was in advanced negotiations with Uber Technologies regarding a potential takeover offer, confirming earlier media reports that the U.S. ride-hailing and food-delivery company is pursuing the German group. The statement followed a Bloomberg News report that Uber was in advanced talks to acquire Delivery Hero and could reach an agreement as soon as this week. The report said a deal would likely value Delivery Hero at well above its recent trading price of around 36 euros per share.
Bank of America’s CEO Brian Moynihan today: “Right now, we see very strong performance this quarter and we expect it to continue based on the market conditions. But the Iran war is anfractuous and we can't predict what will happen next in it, and that could affect the market's perception, IPOs, et cetera.
Several Wall Street analysts issued modest price target increases on Tuesday, in light of Tesla’s upcoming July 22 earnings release.
Two defense giants are betting on opposite sides of naval warfare, and one of them just posted negative free cash flow while the other is sitting on nearly two billion dollars of it. The question is whether a $3.45 billion sensor acquisition can close that gap before program charges do further damage.
SpaceX stock has fallen since its IPO, but Rocket Lab, AST SpaceMobile and Intuitive Machines offer alternative space plays, each with distinct growth catalysts and risks.
Citigroup (NYSE:C) reported a stronger second quarter of 2026, with management pointing to broad-based revenue growth, improved returns and continued capital returns, while cautioning that second-half results could be affected by normal seasonality and a deliberate increase in investment spending.
A bad day for International Business Machines has turned into great day for CrowdStrike Holdings and other cybersecurity companies. The reason why seems to be a short reference about cybersecurity in a letter to shareholders from IBM CEO Arvind Krishna. Krishna discussed how IBM clients in June shifted quarterly capital spending toward servers, storage, and memory purchases ahead of expected price increases.
Most Americans who invest do it without ever picking a single stock. They put money into an index fund, usually one that tracks the S&P 500, and let the market do the work. For years, that felt close to a free lunch. Buy the whole market, keep costs near zero, and ride the long climb of ...
Mike Santomassimo, the bank’s CFO, attributed the positive credit trends to the U.S. economy and consumers remaining resilient even in the face of stickier-than-expected inflation. Santomassimo attributed that sturdiness to a relatively stable jobs environment. “We are not seeing cracks,” Santomassimo said on a call with reporters.
Citi raised its Apple price target to $365, betting AI momentum and resilient demand will fuel further gains after earnings.
Biogen stock was down more than 8% Tuesday—on pace for its largest drop since 2020—after the company's experimental Alzheimer's drug failed to perform better on a key measure than drugs already on the market. On a standard dementia scale, patients taking Biogen’s experimental drug diranersen saw a 26% slowing in the rate of cognitive decline, roughly in line with the company’s drug Leqembi. Diranersen, which failed to meet its primary goal in a clinical trial in May, did succeed in cutting a protein called tau in patients' spinal fluid by as much as 65%, according to data presented Tuesday at the Alzheimer's Association International Conference.
Procter & Gamble is expected to release its fourth-quarter results later this month, with analysts projecting a single-digit decrease in earnings.
This site is the first to launch under the development agreement announced by Chipotle and Alsea in April 2025.
Wells Fargo & Company (NYSE:WFC) reported stronger second-quarter 2026 results, with executives pointing to broad-based revenue growth, disciplined expenses, improved credit performance and balance sheet growth following the removal of the company’s asset cap last year. Chief Executive Officer
OpenAI is in an IPO pickle. A year ago, the idea of an OpenAI listing would have had Wall Street salivating, with relatively few reservations about its large financial losses or questions about its leadership. After surviving an attempted ouster two years prior, chief Sam Altman had carved OpenAI into his nascent industry’s undisputed king and hitched himself closely to the much wealthier Microsoft to bankroll growth.
The dollar slid Tuesday after a drop in US inflation dented expectations of an interest rate hike later this month.Earlier Tuesday, the market saw a roughly 40 percent probability of a US interest rate hike this month, but that fell to 13 percent after the CPI data was published.
Yahoo Finance's Markets and Data Editor Jared Blikre and Senior Business Reporter Brooke DiPalma join Julie Hyman on Market Catalysts to break down the June Consumer Price Index (CPI) report, what it means for the Federal Reserve's rate-cut outlook, and how Fed Chair Kevin Warsh's testimony could shape expectations for monetary policy.
By Sinéad Carew and Nell Mackenzie NEW YORK/LONDON July 14 (Reuters) - Shares were up modestly on Tuesday after softer than expected U.S. inflation data and strong second-quarter earnings from major
WASHINGTON, July 14 (Reuters) - U. bank regulators should not set capital requirements in an artificially high way, JPMorgan Chase CEO Jamie Dimon said Tuesday, intensifying his criticism of the new rules, which he has previously said will unfairly penalize his bank.
JPMorgan Chase and Goldman Sachs offered two different takes on how AI will affect headcounts: JPMorgan Chase CEO Jamie Dimon said his leadership team is meeting this month for an offsite and artificial intelligence will be a big topic.
A consortium of 12 states led by California sued to block Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery.
Over the past six months, Lockheed Martin’s stock price fell to $522.25. Shareholders have lost 8.8% of their capital, which is disappointing considering the S&P 500 has climbed by 9.4%. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.