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Bloomberg52d agoneutral
Wall Street Is Abandoning Bets on a Stronger Euro

(Bloomberg) -- Wall Street banks are capitulating on bets for a stronger euro, as markets see the US outpacing Europe on interest-rate hikes for the rest of this year.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardAnthropic’s Mythos 5 AI Model Cleared by US for Wider UseUS Launches Fresh Strikes on Iran Targets After Drone HitsAn Analyst’s Missed Remark Surfaced in Deadly Iran School Strike ProbeTh

Bloomberg52d agoneutral
China, India See Top Firms Lose Market Cap Share in AI Lag

(Bloomberg) -- China, India, and Hong Kong have emerged as the only major stock markets worldwide where top companies account for a smaller share of market capitalization than a year ago, underscoring their lag in the global AI race.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardAnthropic’s Mythos 5 AI Model Cleared by US for Wider UseUS Launches Fresh Strikes on Iran Targets After Drone HitsAn Ana

Chevron CFO reveals why gas prices are stuck
TheStreet52d agoneutral
Chevron CFO reveals why gas prices are stuck

Gasoline prices were expected to be the easy part of the oil market cooldown. With crude prices falling from April highs and moving closer to pre-war levels, consumers expected faster relief at the pump. Instead, gasoline prices have stayed sticky, turning a market move into a political fight. ...

Former Nasdaq CEO reveals SpaceX biggest make-or-break test
TheStreet52d agoneutral
Former Nasdaq CEO reveals SpaceX biggest make-or-break test

I have now covered SpaceX's post-IPO story from at least two major angles. Jim Cramer's verdict that it "couldn't sustain the walk-up," and Doug Kass's short thesis. My colleague also covered Michael Burry studying the trade and walking away. I have noticed one thing. Each voice has added something ...

Australia's Firmus Technologies strikes AI access deal with Nvidia
Reuters52d agoneutral
Australia's Firmus Technologies strikes AI access deal with Nvidia

Australian AI infrastructure company Firmus Technologies said on Monday it had signed a strategic partnership ‌with Nvidia Corp to help provide emerging AI firms with more ‌cost-effective access to computing power. • Firmus said the deal would see it buy Nvidia infrastructure ​and sell Nvidia‑powered cloud services to "AI Native" customers, among others, in an agreement that would earn the U.S.-listed chip giant product revenue and a share of cloud revenue. • Firmus said it expected to earn up to $30 ⁠billion in revenue during the first six years of the deal, based on customer commitments.

Bloomberg52d agobullish
Leverage That Fueled US Stock Rally Becomes a Growing Concern

(Bloomberg) -- The leverage that helped fuel the US stock rally is now becoming an increasing source of unease.Most Read from BloombergLutnick Delayed Canada Bridge Debut to Seek Bigger Cut of Toll RevenueUS Launches Fresh Strikes on Iran Targets After Drone HitsAnthropic's Mythos 5 AI Model Cleared by US for Wider UseAn Analyst's Missed Remark Surfaced in Deadly Iran School Strike ProbeOman Tells Allies Ships Going Through Hormuz May Have to PayThe surge in market leverage, stemming in part fro

Bloomberg52d agobullish
Leverage That Fueled US Stock Rally Becomes a Growing Concern

(Bloomberg) -- The leverage that helped fuel the US stock rally is now becoming an increasing source of unease.Most Read from BloombergLutnick Delayed Canada Bridge Debut to Seek Bigger Cut of Toll RevenueUS Launches Fresh Strikes on Iran Targets After Drone HitsAnthropic’s Mythos 5 AI Model Cleared by US for Wider UseAn Analyst’s Missed Remark Surfaced in Deadly Iran School Strike ProbeOman Tells Allies Ships Going Through Hormuz May Have to PayThe surge in market leverage, stemming in part fro

BlackRock IBIT investors are now nursing a 40% loss
TheStreet52d agoneutral
BlackRock IBIT investors are now nursing a 40% loss

2024 was a massive turning point for crypto. After years of regulatory back and forth, a few of the biggest asset managers in the world were allowed to offer spot Bitcoin (BTC) exchange-traded funds (ETFs). Among them was BlackRock (NYSE: BLK), the world's largest asset management ...

Ryan Cohen passes on GameStop payday to keep pushing one acquisition
TheStreet52d agoneutral
Ryan Cohen passes on GameStop payday to keep pushing one acquisition

GameStop (GME) tried to buy eBay once already, and the answer was no. That rejection would have ended most takeover attempts. Cohen is not backing down. Instead, GameStop spent the following weeks building a bigger position and a stronger balance sheet, the opposite of what a retreat looks like. In ...