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The Magnificent Seven's first-quarter earnings are in the books, and the seven companies registered their best profit growth in nearly five years. All remain pillars of the S&P 500 index. Collectively, Mag 7 earnings jumped 63.2% year over year, according to a report from FactSet.
There is a particular comfort in the idea that the boss and the billionaire agree on the future. It saves you the trouble of picking a side. It saves you the harder trouble of figuring out which one is selling you something. For the past week, American workers got the optimistic version of that ...
Dropbox said on Tuesday that CEO and co-founder Andrew Houston will step down after a transition period, promoting insider Ashraf Alkarmi to co-CEO ahead of his succession as the sole chief executive. The file hosting service provider's shares fell more than 1% in early trading. They have fallen over 3% this year.
During a recent episode of The Pomp Podcast featuring guest Jordi Visser, host Anthony Pompliano highlighted a striking proposal from Amazon (NASDAQ:AMZN) founder Jeff Bezos. Bezos believes the bottom 50% of Americans should pay no federal taxes. According to the discussion, the bottom half of earners currently contribute only 3% of the federal budget, which lends credence ... Jeff Bezos Says Bottom 50% of Americans Should Pay No Taxes. The Real Culprit Is Federal Spending
The European commission is set to allocate two thirds of lucrative mobile satellite spectrum to European companies, with the rest available for non-European rivals such as Elon Musk's Starlink and Amazon's low-earth-orbit satellite business Leo, people with direct knowledge of the matter said on Tuesday. The EU executive will next year allocate mobile satellite spectrum currently used by American companies Viasat and EchoStar and which is due to expire in May 2027.
Logistics startup Stord said on Tuesday it raised nearly $250 million in a late-stage funding round at a $3 billion valuation, and launched Stord Labs to advance physical intelligence. The funding highlights investor confidence in platforms that provide independent brands with the technological infrastructure needed to challenge the dominance of e-commerce giants such as Amazon. Here are some details: • Stord Labs will serve as a research base for the company to test agentic AI, robotics and automation against live fulfillment data to improve warehouse operations.
Investing.com -- Marvell Technology Inc. (NASDAQ:MRVL) shares rose 5.8% Tuesday morning following bullish analyst comments and a Street-high price target ahead of the company’s earnings report scheduled for Wednesday.
Marvell (MRVL) stock closed the May 22 trading session at $196.33. The stock has rallied 131% year to date, by Sunday morning, May 24. Meanwhile, the SPDR S&P 500 index (SPY) is up about 9% in the same period. The company has outpaced the S&P 500, thanks to its participation in the broader ...
Amazon is the biggest online retailer in the world, and its market capitalization of $2.9 trillion makes it the fifth-largest company. Its spectacular stock price gain since its IPO has made founder Jeff Bezos a billionaire many times over and minted millionaires among early investors who held onto ...
NVDA stock fell despite stellar fiscal Q1 2027 earnings. Nvidia still looks a buy given continued growth in the AI chip market.
The ERShares Private-Public Crossover ETF (NYSEARCA:XOVR) sits at an awkward crossroad heading into summer 2026. Shares trade near $19.08, down 5% year-to-date even as the public-side AI mega-caps it holds have ripped higher. That disconnect matters because XOVR is the rare ETF that pairs late-stage private growth (SpaceX is the publicly known anchor) with public ... XOVR ETF: Watch Hyperscaler AI Capex Before Summer 2026 Earnings Season
Plus, voice-powered writing in Google Docs, the coming “vibe slop” crisis, the rising AI backlash and Apple’s success with imperfect chips.
(Bloomberg) -- As big tech companies raise hundreds of billions of dollars to fund artificial intelligence investments, Wall Street banks are increasingly finding they have to trade more credit derivatives to keep doing business with the hyperscalers.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentTrump’s 3,711 Trades Point to Multiple Stock-Market StrategiesTrump to Force Foreigners Seeking Green Cards to Go Home FirstUAE Joins Saudis, Qatar in Urging Trump Not
Paul Tudor Jones doesn’t appear to be locked into one stock. That may be the real story. The billionaire investor’s Tudor Investment Corp. reported a massive first-quarter options book that includes big stakes connected to Nvidia (NVDA), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), Meta Platforms ...
Most people think of Airbnb the same way they thought of Amazon in 1999 — a useful but narrowly defined platform. Amazon sold books. Airbnb rents homes. Both descriptions were accurate. Both turned out to be wildly incomplete. Brian Chesky wants you to rethink what Airbnb is becoming. The CEO sat ...
The well-known venture capitalist who bet on Google says that the AI revolution is, if anything, underhyped.
The economic gap between the U.S. and the U.K. has been widening for more than a decade. As a result, a new study has found that the U.K.'s GDP per capita is now lower than every single U.S. state.
Fervo Energy a geothermal startup that made its public debut this month, is closer than many to fulfilling that promise. Its initial public offering was a success: Fervo’s shares are up 42% from its IPO price, with a market cap of $12.4 billion. Oklo, backed by OpenAI’s Sam Altman, and Amazon.com -backed X-Energy are each valued at around $11.5 billion.
Amazon is racing Indian startups to deliver groceries to customers in minutes. The secret sauce is micro-warehouses.
(Bloomberg) -- Anthropic PBC is set to close its latest round of funding, which may top $30 billion at a valuation above $900 billion, as soon as next week, according to people familiar with the matter, vaulting ahead of rival OpenAI to become the world’s most valuable AI startup.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaUAE Joins Saudis, Qatar in Urging Trump Not to Restart WarIran in Talks Wi
If it seems like everything is expensive these days, it might not be just because of inflation. When tariffs were raised, those costs were either passed onto consumers or companies. And now that some of the tariffs from the past year have been deemed unconstituitional, companies want their money ...
Elon Musk's private space operator, SpaceX (SPAX.PVT), released its S-1 filing this week as it plans to go public via IPO in June. The Wall Street Journal has reported that AI developer OpenAI (OPAI.PVT) is preparing to file for its own mega-IPO. As investors anticipate this mega-IPO, should they be equally cautious as they are bullish on these companies ? Portfolio Wealth Advisors president and CIO Lee Munson, Yahoo Finance Markets and Data Editor Jared Blikre, and Senior Business Reporter Ines Ferré weigh in on the wave of upcoming IPOs.
Yesterday, the U.S. Department of Commerce injected massive momentum into the quantum computing sector, announcing over $2.0 billion in federal incentives under the CHIPS and Science Act across nine quantum computing companies. D-Wave (QBTS) secured a $100 million letter of intent to accelerate domestic system fabrication, granting the federal government an equity stake. The stock surged immediately on the news, reflecting renewed investor confidence in sovereign backing for quantum infrastructu
Alphabet's Waymo said on Thursday it has suspended its robotaxi service on freeways in the United States and paused its operations in Atlanta, Georgia as it updates software to improve performance around construction zones and flooded roadways. The suspension comes as Waymo, which has been growing its robotaxi operation slowly and steadily for years in the U.S., has quickened the pace of expansion, as others, including Tesla and Amazon's Zoox, step up their push in the sector. "We have temporarily paused freeway operations, as we work to integrate recent technical learnings into our software and expect to resume these routes soon," a Waymo spokesperson said in an email.
May 21 (Reuters) - Alphabet's Waymo said on Thursday it has suspended its robotaxi service on freeways in the United States and paused its operations in Atlanta, Georgia as it updates software to
Large online streaming services must contribute 15% of their Canadian revenues to Canadian content, the country's federal broadcast regulator said Thursday. The CRTC made the decision as part of its implementation of the Online Streaming Act, which the U.S. has identified as a trade irritant ahead of trade negotiations with Canada. “The total contributions are expected to stabilize the funding at more than $2 billion in support of Canadian and Indigenous content, such as French-language content and news,” the regulator said in a press release.
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