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Good Morning Traders! Today's economic calendar for Wednesday is lighter overall, but markets will still be closely watching inflation related data and Treasury activity. The key release comes at 8:30AM ET with Producer Price Index data, including headline and core PPI figures, which will provide additional insight into inflation pressures following yesterday's CPI report. Markets may react sharply if producer inflation comes in materially above or below expectations. Additional events include c
Hot CPI didn't stall markets for long, while the Clarity Act has already received 100 amendments ahead of tomorrow's markup.
New York Times (NYSE:NYT) reported a strong start to 2026, with executives pointing to continued digital subscription growth, a sharp increase in digital advertising revenue and ongoing investment in video journalism as key themes from the company’s first-quarter earnings call. President and Chief
Technology investor SoftBank Group reported on Wednesday that its net profit more than tripled to 1.83 trillion yen ($11.60 billion) in the January-March quarter, as it booked gains on its investment in ChatGPT-maker OpenAI. It was SoftBank's fifth consecutive quarterly profit, with the Vision Fund investing arm booking an OpenAI-driven gain of 3.1 trillion yen in the quarter. SoftBank founder and CEO Masayoshi Son is one of OpenAI's most enthusiastic backers, with the group saying its cumulative gains on the investment total $45 billion.
NiSource (NYSE:NI) reaffirmed its 2026 earnings outlook and raised its long-term growth expectations after reporting first-quarter adjusted earnings that management said reflected regulatory execution, infrastructure investment recovery and growing momentum in its data center strategy. The regulate
(Bloomberg) -- Chinese investors are heading into the earnings season demanding proof that billions in AI spending by tech giants is paying off.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home RevenueIran Makes New Offer on Uranium in Response to US, WSJ SaysThat spotlight will fall on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. whe
(Bloomberg) -- Anthropic PBC is in early talks with investors to raise at least $30 billion in fresh financing, according to people familiar with the matter, setting the stage for what could be its largest funding round yet.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyIran Makes New Offer on Uranium in Response to US, WSJ SaysMamdani Scraps Property Tax Hike, Counts Second-Home RevenueThe
Veritone (NASDAQ:VERI) reported lower first-quarter revenue but reaffirmed its full-year 2026 outlook, citing growing demand for its AI training data services, public sector software and recently expanded relationships with major technology companies. On the company’s first-quarter earnings call, P
Alphabet's Google and SpaceX are in advanced discussions over to launch data centers in space, the Wall Street Journal reported on Tuesday.
Alphabet's Google is in talks with Elon Musk's SpaceX for a rocket launch deal as the search giant looks to put orbital data centers in space, the Wall Street Journal reported on Tuesday, citing people familiar with the discussions. Google is also in discussions about a potential deal with other rocket-launch companies, the report said. SpaceX and Google did not immediately respond to Reuters' requests for comments.
A deal between the two tech titans would give a boost to SpaceX’s business ahead of a historic public listing.
Isomorphic Labs, an artificial intelligence-driven drug discovery company, said on Wednesday it has raised $2.1 billion in its latest funding round led by existing investor Thrive Capital. The funding round, completed at an undisclosed valuation, also included other existing investors, Google Ventures and Alphabet, along with new backers MGX, Temasek and CapitalG. "This capital injection allows us to build out our drug design engine at scale, driving us forward in our mission to solve all diseases," said founder and CEO Demis Hassabis.
Bytedance's social media platform TikTok on Tuesday made a last- ditch attempt at Europe's top court to scrap its designation as a "gatekeeper" under EU rules, which require it to meet tougher standards as regulators seek to curb the power of Big Tech. The case--the first EU Digital Markets Act "gatekeeper" challenge heard by the EU Court of Justice--could bolster or weaken Europe's attempt to rein in Big Tech to ensure competition and more choice for users.
(Bloomberg) -- The US and Chinese economies may still be on their way to decoupling but both are drawing strength from the same source.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyEpstein's Black Card: How He Moved Women With His AmexModi Asks Indians to Stop Buying Gold, Hitting Jewelry StocksJust as an AI-driven boom in business investment bolstered US economic growth at the start of this yea
(Bloomberg) -- A top South Korean policymaker said the nation should pay citizens a “dividend” using taxes on AI profits, underscoring growing pressure to redistribute gains from a boom that’s enriched chipmakers like Samsung Electronics Co. and SK Hynix Inc.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyEpstein's Black Card: How He Moved Women With His AmexModi Asks Indians to Stop Buying Gold,
OpenAI and Microsoft agreed to cap total revenue-sharing payments at $38 billion, U.S. digital news outlet The Information reported on Monday, citing a person with knowledge of the arrangement. The development comes as OpenAI and Microsoft renegotiated a contract last month, making room for OpenAI to forge new partnerships with companies such as Amazon and Google. The payment cap could help OpenAI present a stronger long-term pitch to investors as it works toward a public offering, which some executives said could take place as soon as the end of this year, according to the report.
Big tech firms are poised to extend their rally following a strong earnings season and continued momentum in artificial intelligence spending, according to Wedbush analysts, who pointed to accelerating enterprise adoption and sustained demand across chips, cloud infrastructure, software and...
By Courtney Rozen WASHINGTON, May 11 (Reuters) - The U.S.
Apple (AAPL) is spending much of the artificial intelligence boom looking like the company that missed the memo. Apple took a more cautious approach as Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), and Meta Platforms (META) rushed to construct larger data centers, purchase more CPUs, and ...
(Bloomberg) -- Fervo Energy Co., a geothermal energy developer, is seeking to raise as much as $1.82 billion in a US initial public offering, raising its target from $1.33 billion.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Inside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyModi Asks Indians to Stop Buying Gold, Hitting Jewelry StocksDrone Hits Ship Near Qatar as US Awaits Iran Peace
(Bloomberg) -- Security researchers at Alphabet Inc.’s Google said they believe a cybercrime group used artificial intelligence to create a hacking tool that can bypass defenses in a widely-used tool to administer computer systems.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Inside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyModi Asks Indians to Stop Buying Gold, Hitting Jewelry Stocks
Alphabet plans to sell Japanese yen-denominated bonds for the first time, it disclosed in a filing on Monday, as technology giants tap debt markets to fund artificial intelligence infrastructure deployments. Alphabet did not immediately respond to a Reuters request on the offering size. Alphabet has mandated Mizuho, Bank of America and Morgan Stanley to work on the transaction.
It’s business lesson number one: “You’ve got to spend money to make money.” Now that we have details of a full century of detailed U.S. stock returns, investors who study it for an edge can confidently say that asset-light companies did much better. “We know from this 100 years of data that capex is bad,” says Gregg Fisher, a pioneer of factor-based investing and portfolio manager at Quent Capital.
Microsoft Meta Platforms Alphabet and Amazon.com collectively plan capital spending of $725 billion this year, much of it on artificial-intelligence chips. But that is another good reason for TSMC to spend.
By Aditya Kalra and Vibhuti Sharma MUMBAI, May 11 (Reuters) - Mukesh Ambani's Reliance Jio Platforms has pivoted to a pure fundraising for its planned Mumbai listing, selling a 2.5% stake in the
(Bloomberg) -- Alphabet Inc. is planning to issue yen bonds for the first time in a move that may help fund investments as artificial intelligence competition intensifies.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Inside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyDrone Hits Ship Near Qatar as US Awaits Iran Peace Plan ResponseJudge to Review Musk, SEC Settlement Deal in Twitter Stak
Broadcom (AVGO) is a semiconductor giant with a vast product portfolio spanning wired infrastructure, wireless communications, enterprise storage, and industrial end markets. The company positioned itself as a major player in enterprise infrastructure software following its 2023 acquisition of ...