(Bloomberg) -- The options market is sending a bearish signal on the yen, with interest-rate differentials remaining firmly in favor of the dollar and the Japanese authorities avoiding intervention for now.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsOil’s Supply Wave, Tumbl
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U.S. stock futures looked set to open in the green early Monday, with the technology sector driving the gains. Corporate news is set to dominate the headlines in a light week for economic data, with the exception of Wednesday’s release of the Federal Reserve's minutes from its June monetary-policy meeting. Dow Jones Industrial Average futures were up 45 points, or 0.1%.
(Bloomberg) -- US stocks will struggle to reach new highs as investors rotate out of some of this year’s biggest winning technology trades, according to Morgan Stanley strategists.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsOil’s Supply Wave, Tumbling Prices Rekindle Fears
If you have been watching the monthly jobs numbers and wondering why they keep disappointing, Goldman Sachs may have part of your answer. June payrolls came in at just 57,000, less than half of what economists expected. April and May were revised down by a combined 74,000. And a growing number of ...
Microstrategy Michael Saylor posted “Bitcoin is Digital Energy” on X, attaching Strategy’s orange-dot Bitcoin acquisition chart showing 847,363 BTC accumulated across 113 purchase events. Right now, traders are watching for a new SEC filing disclosing another BTC purchase. The post pulled 910,304 views and 14,552 likes within 24 hours, according ...
U.S. stock futures were higher in early European morning trading while changes in the dollar and Treasurys were limited as both continued to trade on last week’s jobs data.
(Bloomberg) -- Apple Inc. supplier Luxshare Precision Industry Co. is poised to raise HK$24.3 billion ($3.1 billion) after telling prospective investors it wants to price shares for its Hong Kong listing at the maximum amount it had set, according to people familiar with the matter.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’
Comcast’s Sky has agreed to buy ITV’s media and entertainment business in a deal that will see ITV spin ITV Studios off into a separate London-listed business.
Bitcoin has staged a notable recovery in recent sessions, climbing above the $63,000 level amid July’s seasonality and US Fed-driven liquidity. Bitcoin could rally amid rising carry trades as the Japanese yen falls to multi-decade lows against the US dollar, with Goldman Sachs predicting further yen weakness. Ad Ad Goldman Sachs Predicts Further Yen Weakness
Honeywell spinoff Solstice Advanced Materials is in talks to merge with Element Solutions in a deal that could create a chemicals company valued at about $27 billion including debt, the Financial Times reported on Monday. The talks happen as both companies seek to capitalize on growing demand for specialty chemicals used in AI data centers and semiconductor manufacturing. Solstice and Element Solutions are discussing a merger of equals and a deal, likely to be mostly stock with some cash, could come together as soon as this week, the FT report said, citing people familiar with the talks.
It was priced for perfection.
Sky, the UK-based TV, internet and mobile phone provider owned by Comcast, has agreed to buy ITV’s media and entertainment arm for up to 1.6 billion pounds ($2.1 billion) after months of talks to create a major competitor to the global streaming giants. The deal includes the terrestrial TV channels and streaming service of ITV, Britain’s largest commercial broadcaster.
Investors are looking ahead to Wednesday—when minutes from the Federal Reserve’s latest meeting will be released—in hopes they might provide clues as to where interest rates are headed. They’ll also be watching for Thursday’s weekly jobs numbers and any changes to the fragile truce in the Middle East.
While PepsiCo faces slowing North American demand, international growth remains a key source of optimism.
Warsh is intent on implementing major changes at the Fed.
Comcast's Sky has agreed to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.13 billion), creating a British champion with the scale to compete with global players like Netflix, Amazon and Disney. Sky CEO Dana Strong said the deal, announced on Monday and confirming a recent Reuters story, was a "defining moment", one of the biggest in the history of British broadcasting. The combination of Britain's biggest free-to-air commercial broadcaster and the pay-TV company Sky would have been unthinkable just a few years ago, but the rise of YouTube and the streaming giants, has left traditional companies exposed.
(Bloomberg) -- Singaporean prosecutors filed additional charges including money laundering against a key suspect in an AI server fraud case, part of the Southeast Asian nation’s growing efforts to clamp down on Nvidia Corp. chips being diverted illicitly to other locations including China. Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Globa
Honeywell spin-off Solstice Advanced Materials is in talks to merge with Element Solutions, potentially striking a deal that would create a ...
So far, the results haven't lived up to the hype.
KeyBanc maintained its ‘Overweight’ rating despite lowering its price target.
July 6 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole.
The spinoff has investors taking a fresh look at the sector, now split between old-school telecom and the AI-heavy giants crowding into the space.
Enterprise customers have begun to doubt the burdensome cost of pay-per-use token consumption and are looking to cheaper models.
Samsung Electronics (OTC:SSNLF) on Tuesday is expected to deliver another record-breaking quarter as surging AI-driven demand for memory chips continues to lift prices, though higher employee bonus costs could weigh on reported earnings. AI Memory Boom Expected to Drive Another Record Quarter Samsung is expected to report an operating profit of about 86 trillion won ($56.35 billion) for the April-to-June quarter, according to an LSEG SmartEstimate based on forecasts from 30 analysts, Reuters rep
(Bloomberg) -- South Korean lawmakers are increasingly sounding alarms over the risks of single‑stock leveraged exchange‑traded funds, with an opposition party member now calling for such products to be delisted.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great
Semiconductor maker Penguin Solutions (NASDAQ:PENG) will be reporting earnings this Tuesday afternoon. Here’s what to look for.
Micron Technology (MU) broke ground Saturday on a ¥1.5 trillion, or $9.3 billion, expansion of its memory chip plant in Hiroshima, Japan, according to a Bloomberg report. Japan’s government is absorbing a meaningful share of the bill, unusual even for an industry used to public subsidies. The ...
(Bloomberg) -- ByteDance Ltd. and Alibaba Group Holding Ltd. are pulling the plug on features that let users build and chat with AI companions, preparing for new Chinese regulations governing human interactions with artificial intelligence.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests Af
Sushi restaurant chain Kura Sushi (NASDAQ:KRUS) will be reporting results this Tuesday after market close. Here’s what you need to know.
Tesla (TSLA) finally gave investors the number they had been waiting for. The electric-vehicle maker produced a lot more automobiles than Wall Street expected in the second quarter, giving bulls a much-needed data point following a tough stretch for CEO Elon Musk’s company. But the stock market did ...