Warsh’s words are already fighting inflation, Qualcomm diversifies from smartphones, Conagra has a new CEO, and more news to start your day.
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Technology stocks were trading higher in premarket trading Monday as the looked set to finally snap its five-day losing streak. Semiconductor companies, other artificial-intelligence stocks, and the Magnificent Seven were among those rebounding to start the week. Microsoft jumped 2% ahead of the open, while Amazon Alphabet Nvidia Meta and Tesla were all up around 1%.
J.B. Hunt is expected to announce its second-quarter results shortly, and analysts are projecting double-digit EPS growth.
BlackRock is slated to announce its second-quarter results soon, and analysts expect its bottom line to grow at a single-digit pace.
Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment business under pressure from streaming rivals and industry consolidation. The latest U.S. media industry shake-up follows years of cord-cutting as legacy players chase scale to better compete with Netflix while Paramount Skydance's $110 billion deal for Warner Bros Discovery is set to boost competition. Comcast, which leans on cable for much of its cash flow, is also losing broadband customers to fixed wireless offerings from T-Mobile and Verizon and to fiber rivals building out networks.
By Caroline Valetkevitch and Karen Brettell NEW YORK, June 29 (Reuters) - The U.S. economy and the U.S. stock market are starting to go their own ways.
General Motors will release its second-quarter earnings next month, and analysts anticipate a double-digit bottom-line growth.
Northrop Grumman will release its second-quarter earnings next month, and analysts anticipate a single-digit profit dip.
(Bloomberg) -- Former Walt Disney Co. Chief Executive Officer Bob Iger and Thrive Capital founder Joshua Kushner have hired investment bankers and discussed making a bid for the National Basketball Association expansion team in Las Vegas, according to people familiar with their plans. Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardOil Tra
With SpaceX's historic initial public offering minting a small army of new millionaires overnight, the Southern California housing market market is bracing for a big wave of buyers looking to upgrade their residence or buy a second home.
Halliburton will release its second-quarter earnings next month, and analysts anticipate a low single-digit profit dip.
~ $2 trillion That's how much South Korean chipmakers Samsung Electronics and SK Hynix, along with affiliate companies and the country's government, plan to spend on creating new semiconductor and AI industry hubs in the years to come.
The world’s two largest memory-chip makers said their existing investments wouldn’t be enough to meet demand, amid a worldwide shortage.
ELG intends to grow its position in US multi-brand luxury retail through a model spanning physical stores, digital commerce and remote selling channels.
Concerns have been raised about companies pursuing more than $8.9 billion in federal support.
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The cigarette maker plans to cut about 5,500 jobs by the end of the year, on top of around 3,500 roles that it moved to outsourcing partners including Accenture.
U.S. stock futures were higher in early European trade as investors cautiously returned to risk at the start of a shortened trading week.
By Johann M Cherian and Tharuniyaa Lakshmi June 29 (Reuters) - European shares were steady on Monday, underpinned by gains in technology stocks, while investors mulled over the durability of an
(Bloomberg) -- US-listed Bitcoin exchange-traded funds are on pace for their worst month of withdrawals since launching two years ago.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardOil Pares Early Gains as US, Iran Halt Attacks After Flare-UpUS and Iran Agree to Halt Attacking Each Other Ahead of TalksAn Analyst’s Missed Remark Surfaced in Deadly Iran School Strike ProbeInvestors have pulled more t
EDF Power Solutions develops, builds and operates renewable plants, storage, EV charging infrastructure and microgrids across the US and Canada.
South Korea is launching a 1,350 trillion won ($880 billion) plan in corporate investments to build out critical AI infrastructure and cement its global dominance in the semiconductor market. President Lee Jae Myung called the sweeping mega-project a "national survival strategy" for the AI era. Bloomberg's Avril Hong breaks down the press conference, where President Lee was joined by the CEOs of tech giants Samsung and SK Hynix to outline the multi-year roadmap.
(Bloomberg) -- South Korean stocks recouped earlier losses as Samsung Electronics Co. and SK Hynix Inc. pledged massive investment during a government briefing that underscored the country’s commitment to AI development.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardOil Pares Early Gains as US, Iran Halt Attacks After Flare-UpUS and Iran Agree to Halt Attacking Each Other Ahead of TalksAn Analyst’s
South Korea will invest nearly $1.2 trillion -- equivalent to more than two-thirds of its GDP -- in a new chip-building hub and AI data centres over several years, as it seeks to profit from soaring demand while developing previously neglected regions.The government also announced a separate investment of a quadrillion won (around $650 billion) in AI data centres over the next 10 years.
The London-listed telecommunications operator said the 50:50 joint venture would serve more than 3,000 customers in around 180 countries.
Investing.com - U.S. Treasuries and Eurozone government bond yields rose on Monday as a fragile truce between the United States and Iran failed to fully dispel energy-led inflation fears, prompting bond investors to brace for key macroeconomic data and crucial central bank commentary later this week.
(Bloomberg) -- Eternal Ltd. and Swiggy Ltd. got the 10-minute delivery party going in India. Now, e-commerce titans Amazon.com Inc. and Walmart Inc.’s Flipkart are looking to crash it.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardOil Pares Early Gains as US, Iran Halt Attacks After Flare-UpUS and Iran Agree to Halt Attacking Each Other Ahead of TalksAnthropic’s Mythos 5 AI Model Cleared by US for
Samsung Electronics and SK Hynix plan to each build two new massive chip fabrication sites in South Korea's southwest region as part of a national project to build chip production "ecosystem" valued at 800 trillion won ($517.87 billion), the government said on Monday. The plan was unveiled at the announcement of three new "mega-projects" by the country and the global chip giants to spur growth and dominate the AI sector. ($1 = 1,544.8000 won)
Asian markets were mixed on Monday as selling of artificial intelligence-related shares pulled benchmarks in Japan and South Korea lower, though gains for other stocks helped offset those losses. U.S. futures advanced and oil prices gained, though they remained close to the levels they were at before the Iran war began in late February. Tensions between the U.S. and Iran escalated over the weekend as Iran launched fresh drone and missile attacks on Bahrain and Kuwait in response to new U.S. airstrikes, adding to uncertainties clouding the global economic outlook.
Gold ETFs have enjoyed serious upside in recent years, with the price of the precious metal increasing 64% in 2025 after a 26% climb the year before. The price of gold itself has fallen about 6% so far this year and more than 10% since the start of June. It’s always hard to say exactly why the markets do what they do, but the inflation and interest rate outlook clearly isn’t helping gold ETFs at the moment.