Charles Schwab handled 140,000 client calls as SpaceX's record IPO fueled heavy retail activity.
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The post-IPO run-up had drawn scrutiny from analysts concerned about whether SpaceX's fundamentals could eventually support its valuation
Every wave of new technology arrives with a rich man telling everyone else to relax. The machine will lift you up, not push you out, he says. He is usually right about what the machine can do, and wrong about how it feels to be the person standing closest to it. The argument over artificial ...
$1.3 trillion S&P 500 companies reported that level of capex for 2025, according to data compiled by S&P Global Market Intelligence. That figure includes $412 billion for just five large hyperscalers: Alphabet, Amazon, Meta, Microsoft and Oracle.
Alibaba Group Chairman Joe Tsai and General Catalyst Managing Director Jeannette zu Furstenberg discuss investment opportunities and leadership with the development of artificial intelligence with Bloomberg's Francine Lacqua and Tom Mackenzie at the VivaTech x Bloomberg Awards in Paris.
I spent some time digging through Morgan Stanley's recap of its first-ever National Security Innovation Summit in a note shared with me at TheStreet. What struck me wasn't any single data point but the sense that an entire industry is quietly being rebuilt from the ground up. And most retail ...
Micron Gets Massive Wall Street Vote of Confidence Ahead of Earnings
Picture someone at a company who has fully bought into Microsoft Copilot. They use it constantly, hundreds of tasks a week, drafting documents, summarizing meetings, chasing down information across the company's files. By any measure, exactly the kind of power user Microsoft would want. Turns out ...
The Invesco Senior Loan ETF (NYSEARCA:BKLN) sits at $20.51 with $7.1 billion in net assets, and income investors hold BKLN for one reason: a monthly distribution sourced from floating-rate loans to leveraged borrowers. Those payouts have shrunk meaningfully over the past 18 months, and the question for anyone living off this income is whether BKLN’s ... Floating Rate Loans Sounded Safe Until The Fed Started Cutting Rates
Investing.com -- Bankers for Elon Musk’s SpaceX are preparing to hold calls with investors as soon as next week to discuss a potential bond offering following the company’s record initial public offering, according to a report from Bloomberg News, citing people with knowledge of the matter.
CrowdStrike (CRWD) and Amazon Web Services are racing to close a security gap that most enterprises do not yet know they have. Companies are deploying AI agents into production faster than their security teams can monitor what those agents actually do once live. That mismatch, not the partnership ...
Advanced Micro Devices (AMD)’s AI story might be getting a lot bigger in a place investors haven’t been watching closely enough. According to TheFly, Bernstein’s latest note on the AI chip giant goes beyond GPUs, where it has been trying to close the gap with Nvidia. It’s about CPUs becoming a lot ...
Take-Two Interactive Software shares rose after the video game publisher announced a presales date for "Grand Theft Auto 6."
For people who like to bet on events over which they have no control, things have never been busier. The stock market listing of Elon Musk’s...
HIVE Digital Technologies (Nasdaq: HIVE) is turning nearly a decade of renting space in northern Sweden into permanent ownership. The company announced on June 18 that the Boden Municipal Council has approved its acquisition of the Big Boden 32 MW data center from Bodens Utvecklings AB, ...
SpaceX's bankers are preparing to speak with investors as early as next week about a possible bond offering of at least $20 billion, a source familiar with the matter told Reuters on Thursday, following its blockbuster Nasdaq debut last week. The size of the offering is not yet set and may change, the source said. The rockets-to-AI company's valuation surged to more than $2 trillion after its debut.
Moderna (MRNA) has been struggling to shake one label for years: Covid winner. That label helped to make the company famous, but it also became a problem for the stock when pandemic demand dropped and investors questioned whether Moderna could develop a stable business beyond one historic product ...
(Bloomberg) -- Bankers for Elon Musk’s SpaceX are preparing to hold calls with investors as soon as next week to discuss a potential bond offering on the heels of the company’s record IPO, according to people with knowledge of the matter.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealIran’s Deputy Foreign Minister Confirms Deal Reached With USA
For years, Wolfe Research maintained a long-standing avoidance strategy on Palantir (PLTR), keeping a bearish “Underperform” rating on the stock due to concerns over its steep valuation multiples. On Tuesday, June 16, that changed, though not by much. Wolfe analysts Alex Zukin and Joshua Tilton ...
Four months into his job, Kroger CEO Greg Foran says he’s been to more than 100 stores, and only two of five were in very good condition. “The gap between our best stores and the rest of the fleet needs to improve,” Foran, a former Walmart exec, said on Kroger’s earnings call today.
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Markets spend a lot of time trying to predict what central bankers will do next. Sometimes they get it right. Other times they build an entire narrative around an assumption that turns out to be wrong. That appears to be happening with Federal Reserve Chair Kevin Warsh. When President Trump nominated him to lead the ... ‘Warsh Fooled Trump’ and the Market Is Already Reacting
(Bloomberg) -- Paramount Skydance Corp.’s proposed takeover of Warner Bros. Discovery Inc. just won crucial US approval — but with many hurdles remaining, traders still see opportunity to profit from how this $110 billion transaction will play out.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealIran’s Deputy Foreign Minister Confirms Deal Reache
By Akash Sriram and Jemima Denham NEW YORK/LONDON, June 18 (Reuters) - Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an
Shares fall 17% as CEO says the IT consulting firm will bring in less revenue than expected in the coming months
After blasting nearly 50% from its IPO price, SpaceX stock is finally taking a breather.