News

BofA reversed course to forecast 3 Fed rate hikes in 2026, amid sticky inflation and Chair Kevin Warsh hawkish turn.

Elon Musk’s EV maker continues to rebuild strength in a region where Chinese rivals are gaining ground.

The tech company’s head count shrank by roughly 13% in its previous fiscal year, as it continued to invest in artificial intelligence.

Cerebras Systems, an AI chip maker, anticipates first-quarter sales of $181 million, an 82% increase year-over-year.

(Bloomberg) -- China narrowed its cumulative fiscal deficit for the first time in more than two years, pressing ahead with austerity despite muted domestic demand and slowing economic growth.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $900 Million in C

(Bloomberg) -- Gold declined as inflationary concerns overshadowed early optimism around negotiations to resolve the Iran war.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapIran Says Hormuz Closed Again as Talks With US Set to OpenMeta Invests $900 Million in Cred, Taps Founder to Head WhatsAppBullion fell as much as 1.8% to near

The new Fed chair is already making his stamp on the organization.

By Emma Rumney LONDON, June 23 (Reuters) - Shopify Inc will ban all vapes from its platform as soon as this week following pressure from a group of U.S. state attorneys general aiming to curb sales of

Tesla's recovery in Europe has been remarkable. Europe, the world's second-largest EV market behind China, seemed done with the company in 2025. Tesla (TSLA) lost market share in European countries where it had previously been popular as the influx of cheaper Chinese models and CEO Elon Musk's ...

(Bloomberg) -- Tencent Holdings Ltd. is negotiating exits from several game studio investments in Japan, including Tokyo-traded Marvelous Inc., as part of a reassessment of the company’s global portfolio, people with knowledge of the matter said.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US

LONDON, June 23 (Reuters Breakingviews) - Follow on Apple or Spotify. The SpaceX ​boss became the first trillionaire by defying business wisdom, upending financial standards and embracing far-right politics.

The brokerage added that launches of robotaxis and humanoid robots may initially become “loss centers.”

(Bloomberg) -- Sony Group Corp. was still marketing the original PlayStation when it last tapped the US investment-grade bond market. Almost three decades later, it’s readying a comeback. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $900 Million in Cred

Micron Technology’s (MU) earnings announcement on June 24 is expected to be the grand finale to a stunning earnings announcement season. For the most recently reported quarter for the three months ended February 26, Micron increased earnings per share by 756% following 984% growth last ...

Memory chips maker Micron (NASDAQ:MU) will be reporting results this Wednesday after market hours. Here’s what to expect.

Asian shares were mixed in subdued trading early Tuesday, as recent enthusiasm cooled and markets faced uncertainty about efforts to end the war in Iran. Japan's benchmark Nikkei 225 lost 0.9% in morning trading to 71,681.29. Australia's S&P/ASX 200 was up less than 0.1% in morning trading at 8,822.10.

Tuesday's catalysts include flash PMIs, Richmond Fed data, ADP weekly employment, Treasury bill and 2-year note auctions, and May money supply.

Amazon Prime Day evolved out of the company's desire to grow Prime memberships and create a shopping holiday during the slower summer season. The company frames the event, which launched in 2015, as a gift to loyal customers. "Prime Day is about celebrating our members by providing them with ...

Stay focused on more important catalysts for either stock.

SEOUL, June 23 (Reuters) - The global AI boom has turned South Korean chipmaking giants SK Hynix and Samsung Electronics into stock market darlings. It has also thrust their employees into the top tier of the country's highly competitive marriage market.

With more Americans seeking out organic food and fresh produce, natural grocery chains like Sprouts Farmers Market stand to benefit. But there’s a lot of competition in the fresh produce lane. It's not just grocery chains such as Trader Joe’s and Whole Foods battling for market share; Sprouts also ...

Despite a significant net loss, HIVE Digital Technologies Ltd (HIVE) focuses on expanding its GPU Cloud business and AI capabilities to drive future revenue growth.

The CFTC’s approval of so-called perps has triggered a selloff in U.S. exchanges’ shares—and at least one high-profile lawsuit.

(Bloomberg) -- When Moody’s Ratings first evaluated Nvidia Corp. almost a decade ago, it settled on a Baa1 investment-grade rating, taking comfort in its relatively light debt load and more than $1 billion of free cash flow after 16 years as a public company.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueIran Says Hormuz Closed Again as Talks With US Set to OpenStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapUS and Iran Make ‘Progress’ in T

(Bloomberg) -- Andy Cheng is 26, unemployed and, with the help of a little borrowed money, the proud owner of $60,000 worth of Taiwanese tech stocks. And in many ways, he speaks for the entire island of 23 million people when he doles out the following advice: “Buy any stock and you will make money.”AI mania has gripped any number of stock markets across the globe in recent months — South Korea, China, the US — but perhaps nowhere is at it as frenzied as here in Taiwan, the No. 1 producer of the

In the wake of the SpaceX IPO, investors can expect global communications and AI data processing — both via satellites — to be important themes for many years.

Investors have several reasons to expect a more cautious message from JPMorgan. The S&P 500 rally has already been powerful; valuations are no longer cheap, and the market has been balancing Fed uncertainty, stretched positioning, and questions about how much good news is priced in. However, in ...

Grocery stores used to serve as neighborhood hubs, because before delivery, the internet, and retailers like Target and Walmart moving into the space, brick-and-mortar retailers were the only option. When I was a kid back in the 1980s, my town had a Star Market. That was the only supermarket that ...

From ETFs to related companies, there are a lot of ways to up your SpaceX exposure.

Last month, during the company’s earnings call, GM CEO Mary Barra updated the world on the company’s autonomous driving ambitions. General Motors is working on eyes-off, hands-off self-driving technology that will launch in 2028 on the Cadillac Escalade IQ. Such a breakthrough would put it ahead of ...