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JPMorgan's chief global economist Bruce Kasman titled the bank's mid-year outlook "Promise and Pressure." He published it on June 28. The two words are doing a lot of work in a year that has moved faster than most forecasters expected. The promise is that global growth is stabilizing in the second ...
“It seems like half of the workforce at our local Walmart is over 65.”
When Comcast Chairman Brian Roberts decided a few weeks ago to pursue a spinoff for the company’s media and entertainment business, there was just one question: Who would run the cable and broadband operations that remained? “This industry has been kind of in my blood for a long time,” Angelakis said in an interview. In bringing back Angelakis, Roberts, 67 years old, is picking an executive steeped in cable and broadband who is part of a small circle of trusted advisers, said people close to both men.
Investing.com -- Citi said in a note on Tuesday that bearish flows are building across the Nasdaq and S&P 500, with continued rotation into small caps signaling a divergence in global equity positioning led by the U.S. market.
The U.S. stock market is wrapping up its best quarter in years. The benchmark S&P 500 has climbed 14% this quarter through yesterday, its best three months since the second quarter of 2020, when markets rebounded following a Covid-19 selloff.
Elon Musk may have recently given a big hint about what's on the horizon for SpaceX and Tesla.
September S&P 500 E-Mini futures (ESU26) are up +0.10%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.16% this morning, putting the major indexes on track for their strongest quarterly gains in years.
Panasonic is seeking to localise its U.S. supply chain for energy storage systems as it prepares to produce battery cells at a plant in Kansas as part of a shift towards supplying data centres, the Japanese group's CEO said on Tuesday. "Since most of our customers are in the U.S. for these energy storage systems, we think it makes sense to complete the supply chain as much as possible within the U.S.," Yuki Kusumi said during a roundtable interview in Tokyo.
Trump’s control over federal government gets split decision, Comcast spinoff could spark media deals, Constellation earnings are coming, and more news to start your day.
June 30 (Reuters) - A bipartisan group of U. lawmakers has opened national security investigations into whether drugmakers Merck and AbbVie have been involved in clinical trials conducted in China that helped fuel the communist country's military capability, according to letters seen by Reuters.
June 30 (Reuters) - Wall Street futures were largely unchanged early on Tuesday, as investors took a breather in the final trading session of a quarter that saw equities post the biggest gains in
Find insight on Rosebank Industries, Bridgepoint, Robinhood Markets and more in the latest Market Talks covering Financial Services.
(Bloomberg) -- As Elon Musk basked in the public spectacle of SpaceX’s blockbuster initial public offering this month, another — altogether more restrained — rocket executive also hailing from the Southern Hemisphere was putting the final touches on his biggest strategic move. Most Read from BloombergYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsWhatsApp Opens Username Reservations to 3 Billion UsersUS Stocks Get Tec
Shares of Churchill Capital Corp XI are trading higher Monday morning following last week’s announcement of a definitive business combination agreement with Agility Robotics. The transaction values the humanoid robotics and physical AI company at a pre-money equity value of...
Nearly two decades ago, Comcast bet that the future belonged to companies that owned both the pipes delivering entertainment and the shows themselves...
NextEra Energy’s efforts to kill the New England Clean Energy Connect transmission project is a sign of how the combined utility could stifle competition and harm consumers, the Maine senator said.
The Danish biotechnology company and partner AbbVie said a drug combination to treat lymphoma met the primary goal in a late-stage clinical trial.
Before you chase the SpaceX hype, here's what the data says about mega-IPOs in their first year -- and it's not pretty.
AVAV frames fiscal 2027 as a capacity and timing test, with budget delays, production build-outs and BlueHalo growth shaping its outlook.
The case for bundling media with distribution has weakened in the streaming era, but further M&A makes less sense.
Teledyne Technologies is expected to announce its second-quarter earnings soon, and Wall Street expects the company’s EPS to rise by double digits.
By Johann M Cherian and Tharuniyaa Lakshmi June 30 (Reuters) - European shares opened higher on Tuesday and were on track for their biggest quarterly rise in more than five years, boosted by optimism
Find insight on JD.com, Samsung Electronics, Quantinuum and more in the latest Market Talks covering Technology, Media and Telecom.
(Bloomberg) -- Chip stocks are heading for their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go. Most Read from BloombergYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsWhatsApp Opens Username Reservations to 3 Billion UsersUS St
Taiwanese authorities escalated a probe into the unauthorized diversion of advanced artificial-intelligence servers made by Super Micro Computer, as part of efforts to crack down on the alleged smuggling of Nvidia chips to China.
Bitcoin was falling, trading below the key $60,000 level, as it struggled to recover from its recent sharp selloff. The market is digesting the prospect of the Federal Reserve raising interest rates, lifting the dollar and weighing on bitcoin, said Stephen Coltman at 21Shares in a note. Meanwhile, crypto-hoarding group Strategy said on Monday that it might sell bitcoin to raise up to $1.25 billion in cash to help cover dividend payments on its preferred stock and the interest on outstanding debt, as well as to fund its share-repurchase program and cash reserve.
BEIJING, June 30 (Reuters) - China's food delivery giant Meituan said on Tuesday it had released and would open-source its next-generation LongCat large language model, claiming it is the world's first trillion-parameter AI system trained and run entirely on a 50,000-chip cluster powered by Chinese-made processors. Meituan, often compared to DoorDash, is a late entrant to China's crowded and well-funded AI sector, where rivals include DeepSeek and ByteDance's Doubao.
Samsung Electronics and SK Hynix are making one of the biggest bets yet on the artificial intelligence boom with investments worth hundreds of billions of dollars, but the planned capacity buildout is stoking fears of a painful reckoning if AI spending cools. The tech giants won praise - and a deep bow - from President Lee Jae Myung after throwing their weight behind the government's semiconductor push, in an apparent departure from a previously restrained approach to capacity expansion shaped by decades of painful boom-and-bust cycles in the memory industry. Under the plan, the government hopes South Korea can double its memory chip production capacity within five years.
By Hyunjoo Jin and Heekyong Yang SEOUL, June 30 (Reuters) - Samsung Electronics and SK Hynix are making one of the biggest bets yet on the artificial intelligence boom with investments worth hundreds
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