(Bloomberg) -- DeepSeek’s senior management has told potential investors in its ongoing 70 billion yuan ($10 billion) funding round that the startup will prioritize groundbreaking AI research over short-term commercialization, people familiar with the matter said.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Iran in Talks With Oman Over Perm
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(Bloomberg) -- Samsung Electronics Co. staved off a potentially catastrophic strike this week, reaching a tentative deal with leaders of its largest union at the last minute to share more profits from the AI boom. But inside the $1.1 trillion technology behemoth, not everyone is happy.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Iran in Tal
Workday stock rises after the enterprise-management software company reported better-than-expected fiscal first-quarter earnings.
Morgan Stanley is staying bullish on Spotify (SPOT), reiterating an overweight rating and a $590 price target, implying more than 30% upside from current levels. The firm's note, titled "Investor Day Preview: Don't Stop Believing," argues that Spotify has earned significantly more credibility with ...
Stock futures gained as investors seized on signs that diplomatic efforts to end the U.S.-Iran war were progressing, while a tech rally pushed indexes higher in Asia and Europe.
President Trump and Wall Street want interest rates cut, but inflation has other plans.
A new company backed by International Business Machines Corp. (NYSE:IBM) is receiving a $1 billion U.S. government investment to establish America’s first quantum foundry, supporting Wall Street forecasts that IBM will be a central player in the global quantum industry. Validating The ‘Massive Upside’ This historic federal backing confirms Wedbush Securities analyst Dan Ives‘ thesis. Analyzing the tech sector’s trajectory, Ives told CNBC that IBM is a “sleeping giant” and praised its strategic d
SpaceX is targeting as much as $2 trillion in its IPO.
Starbucks is facing a backlash in South Korea — its third-largest market — after a marketing campaign that was viewed as mocking the victims...
By Ankur Banerjee and Stefano Rebaudo May 22 (Reuters) - Global stocks rose, the U.S. dollar hovered around its highest levels in over six weeks and oil prices edged up, as a great deal of uncertainty
UBS Global Wealth Management raised its 2026 year-end target for the S&P 500 to 7,900 from 7,500 previously, citing resilient consumer spending and seemingly insatiable demand for data center infrastructure. In a note dated May 21, the brokerage said U.S. stocks have hit new highs despite ongoing uncertainty over Middle East energy flows, driven by hopes of an end to the conflict, strong first-quarter earnings, and AI momentum. (Reporting by Akriti Shah in Bengaluru)
DE held its 2026 net income guide as tariffs stayed a drag, while Construction & Forestry strength and leaner ag inventories shape 2027 hopes.
SpaceX accounts for 16.2% of DXYZ’s portfolio, while VCX holds Anthropic at 20.7%, OpenAI at 9.9% and SpaceX at 5%.
Nvidia closed 1.8% lower. Nvidia’s stock is up 67% over the past 12 months, making it the largest publicly listed company in the world, with a market value of nearly $5.4 trillion. The music-streaming company said it plans to roll out an AI tool allowing users to make covers and remixes of songs from Universal Music Group artists.
Walmart beat Q1 EPS and revenue estimates, held FY27 guidance and warned of fuel-driven cost pressure as it scales ads, marketplace and membership.
Wedbush sees a potential deal, but prediction-market traders remain divided.
Elon Musk-led commercial spaceflight giant SpaceX‘s IPO could become a problem for Tesla Inc. (NASDAQ:TSLA) investors and shareholders as the market readies itself for the June IPO date. Muskonomy The upcoming IPO could take investors’ appetite away from Tesla and onto SpaceX, while also shifting Musk’s efforts and focus from the EV giant, experts cited by Bloomberg on Thursday said. “This cannot be a positive for Tesla,” Joe Gilbert, a portfolio manager at Integrity Asset Management, cited in t
(Bloomberg) -- After several years flying high as Asia’s best Nvidia Corp. proxy, Taiwan Semiconductor Manufacturing Co. is increasingly vying with other artificial intelligence stocks for investor attention.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Iran in Talks With Oman Over Permanent Hormuz Toll SystemModi’s Toffee Gift to Meloni Ign
Blockchain.com filed confidentially for a US IPO, joining a crypto listing wave as Kraken and Ledger paused plans.
The U.S. stock market is rising toward the finish of an eighth straight winning week on Friday, which would be its longest such streak since 2023. Ross Stores climbed 7.7% after the off-price retailer reported profit and revenue for the latest quarter that easily cleared analysts’ expectations. CEO Jim Conroy said it saw strong customer traffic through the three months, and the company may have benefited from households spending their tax refunds.
By Jesús Aguado and Valentina Za MADRID/MILAN, May 22 (Reuters) - Europe's push to curb its dependence on U.S. payments giants Visa and Mastercard has driven a wedge between the European Central Bank
By Dhara Ranasinghe LONDON, May 22 (Reuters) - A strong rally in tech stocks has largely gone under the radar against a darkening backdrop for European equity markets as the energy shock triggered by
A strong rally in tech stocks has largely gone under the radar against a darkening backdrop for European equity markets as the energy shock triggered by the Iran war dampens economic growth. The war has paused "Make Europe Great Again" trades, with the region's shares expected to underperform U.S. peers as long as it persists. "The performance of our EU AI baskets since April is on par with the Nasdaq, just a touch behind Taiwan," said TS Lombard European and global macro director Davide Oneglia, referring to the U.S. index and Taiwan's bourse.
Zoom Communications Inc (ZM) reports a 5.5% revenue increase and significant AI-driven growth, despite facing competitive pressures and slight churn uptick.
Workday Inc (WDAY) reports a 14% increase in subscription revenue and significant AI adoption, while navigating challenges in scaling and execution.
Ross Stores Inc (ROST) reports a 21% sales increase and robust store expansion, while navigating challenges in SG&A expenses and fuel costs.
Take-Two Interactive Software Inc (TTWO) surpasses guidance with strong financial performance and anticipates a breakout year driven by Grand Theft Auto VI.
Deckers Outdoor Corp (DECK) reports a 10% revenue increase, driven by strong performance from HOKA and UGG brands, amidst challenges from tariffs and inflationary pressures.
Webull Corp (BULL) reports impressive revenue growth and customer loyalty, while navigating increased expenses and market volatility.