News

Find insight on Canada’s auto parts makers, Porsche’s recovery and more in the latest Market Talks covering auto and transport.

The S 500’s consumer discretionary sector is the only one of 11 sectors to decline so far this year.

(Bloomberg) -- Microsoft Corp., looking to reduce AI costs, is starting to replace OpenAI and Anthropic with its own models in software products like Excel and Outlook. Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaTwo Millennium Trading Pods Made About $3.7 Billion Last MonthNasdaq 100 Falls 2% in Chip-Led Rout as Oil Climbs: Markets WrapMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulChina Sentences Official to Death Over $325

(Bloomberg) -- Microsoft Corp.’s Xbox spent nearly $80 billion in the last decade on deals that would give it popular video game titles like Call of Duty and Skyrim, betting that gamers would flock to its Netflix-like subscription service offering hundreds of options for endless play.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaTwo Millennium Trading Pods Made About $3.7 Billion Last MonthNasdaq 100 Falls 2% in Chip-Led Rout as Oil Climbs: Markets WrapM

Chinese robotaxi firm Momenta Global said on Tuesday it had priced its Hong Kong ‌listing at the top end of its marketed ‌range, aiming to raise HK$5.89 billion ($751.02 million), joining a wave of tech ​listings reviving the city's capital markets. Here are more details: • The self-driving technology firm is offering 19.9 million shares at an issue price of HK$295.60 per share, an exchange filing ‌showed. It plans ⁠to use about 60% of the net proceeds from the offering to boost research and ⁠development, including upgrading its artificial intelligence computing power, expanding data storage, and scaling up its engineering team, the firm said ​in its ​prospectus.

Chubb (CB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Morgan Stanley initiated coverage of SpaceX (SPCX) on Tuesday with an Overweight rating and a $300 price target.

This is the sixth and final piece in a series examining "boring" large-cap stocks that have outperformed the Nasdaq-100 over the past five years. The first piece introduced the methodology and the companies. Over the subsequent few weeks, the series has looked at Curtiss-Wright, Williams Companies, ...

July 7 (Reuters) - The weight-loss drug market is booming, with biotech firms racing to capture a slice of a fast-growing sector dominated by Novo Nordisk and Eli Lilly.

(Bloomberg) -- Peabody Energy Corp. was awarded a federal grant to support its efforts to produce rare earth elements and critical minerals in Wyoming, as the US seeks to strengthen its domestic supply chain.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaTwo Millennium Trading Pods Made About $3.7 Billion Last MonthNasdaq 100 Falls 2% in Chip-Led Rout as Oil Climbs: Markets WrapMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulChina

Airbus will make its first foray into aircraft engines through a joint venture with Germany’s MTU Aero Engines to develop a hydrogen propulsion...

Warsh is early in his tenure as the new chair of the Federal Reserve's Board of Governors, but investors are awaiting big changes.

(Bloomberg) -- SK Hynix Inc.’s $28 billion US listing is multiple times oversubscribed ahead of pricing on Thursday, according to people familiar with the matter.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaTwo Millennium Trading Pods Made About $3.7 Billion Last MonthNasdaq 100 Falls 2% in Chip-Led Rout as Oil Climbs: Markets WrapMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulChina Sentences Official to Death Over $325 Million

Wall Street's major banks are almost all bullish on SpaceX.

July 7 (Reuters) - The world's largest technology companies are tapping debt markets and raising equity to bolster AI infrastructure, marking a shift for Silicon Valley firms that typically relied on

Union Pacific and Norfolk Southern submitted initial responses to the Surface Transportation Board's request for additional data regarding their proposed transcontinental rail merger. The post Union Pacific, Norfolk Southern submit more merger data appeared first on FreightWaves.

Chipotle Mexican Grill (NYSE:CMG) and McDonald’s (NYSE:MCD) just closed earnings cycles that exposed a widening split inside fast food. Chipotle posted its first full year of negative comps. McDonald’s printed broad traffic recovery powered by value menus. Both feed millions weekly, yet their balance sheets, customers, and pricing playbooks barely rhyme. Negative Comps for Chipotle, ... Chipotle vs. McDonald’s: Why the Stock with Negative Comps Is the Better Buy

Ark Invest's top investor is adding to stocks that went public over the past year.

President Trump said a contribution from the defense contractor will go toward a new South Lawn pad for Marine One helicopters.

The market has spent much of 2026 rewarding companies tied to artificial intelligence, defense, and space technology with premium valuations. Investors have been willing to pay up for businesses promising decades of future growth, often overlooking near-term fundamentals. That enthusiasm helped make SpaceX‘s (NASDAQ:SPCX) public debut one of the biggest investing stories of the year. ... SpaceX Erases All Post-IPO Gains. Will Today’s Nasdaq-100 Addition Help?

(Bloomberg) -- Democratic lawmakers are investigating whether a $1.6 billion deal involving critical minerals company USA Rare Earth Inc. created a conflict of interest by benefiting Cantor Fitzgerald, the financial services firm formerly led by Commerce Secretary Howard Lutnick.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major Overh

M&T Bank’s 14.5% return over the past six months has outpaced the S&P 500 by 6.5%, and its stock price has climbed to $239.99 per share. This run-up might have investors contemplating their next move.

A full-time worker earning the federal $7.25 minimum wage trades 2,080 hours for about $15,080 in gross annual pay. A dividend portfolio can produce the same gross income without a time clock, but the required portfolio can range from about $151,000 to more than $500,000 depending on the yield. That gap is the whole story. ... The Portfolio That Pays More Than A Full-Time Minimum Wage Job

Investors weren't happy with Samsung's guidance today, sending a large group of tech names lower in U.S. morning trading. Here are some of the biggest recent declines: Intel (INTC): Down 11% Applied ...

Renasant has had an impressive run over the past six months as its shares have beaten the S&P 500 by 13%. The stock now trades at $42.99, marking a 21% gain. This run-up might have investors contemplating their next move.

JPMorgan Chase (JPM) and other big banks including Citigroup (C) and Wells Fargo (WFC) are likely to

Shares of electric automaker Rivian are down 13% today after it disclosed plans to sell 75 million shares of common stock. Based on Rivian's share price Monday evening, when the move was announced, the sale would raise about $1.5 billion. The automaker said it plans to use the proceeds from a sale for "general corporate purposes," including equity requirements for a U.S. Department of Energy loan meant to support construction of its upcoming electric vehicle manufacturing facility in Georgia.

The defense contractor said it is working in partnership with the U.S. government and multiple other NATO nations to conduct a series of feasibility studies that would qualify new suppliers in Europe for priority components of its advanced medium-range air-to-air missile.

Chip stocks fell Tuesday despite a second-quarter earnings beat by semiconductor and consumer electronics manufacturer Samsung Electronics.

Shares of Intel (NASDAQ:INTC) are down 10% in Tuesday morning trading to $110, while Advanced Micro Devices (NASDAQ:AMD) stock is off 8% to $508. The moves cap a sharp reversal after both names rallied Monday. The declines are part of a broader chip selloff triggered by Samsung Electronics’ quarterly report. Equipment maker Applied Materials (NASDAQ:AMAT) ... Intel and Applied Materials Dive 10%, AMD Craters 8% as Samsung Earnings Trigger Chip Selloff