President Trump's handpicked successor to Jerome Powell is removing transparency from the central bank -- and that's a big deal for a pricey stock market.
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(Bloomberg) -- It was fight night on the White House lawn. Beneath a great steel canopy nicknamed "the Claw," Justin Gaethje did a backflip off the caged ring in the center of the South Lawn after winning the Ultimate Fighting Championship title card. In the audience, the president, newly 80, had just announced that the Iran war was over, and the Strait of Hormuz was open.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of 'Shortage of Trust' Ahead of
(Bloomberg) -- It was fight night on the White House lawn. Beneath a great steel canopy nicknamed “the Claw,” Justin Gaethje did a backflip off the caged ring in the center of the South Lawn after winning the Ultimate Fighting Championship title card. In the audience, the president, newly 80, had just announced that the Iran war was over, and the Strait of Hormuz was open.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of
JBL lifts its 2026 outlook as AI infrastructure demand, hyperscaler wins and capacity expansion set up another year of growth in fiscal 2027.
Cerebras stock soared 68% on IPO day.
(Bloomberg) -- A major Chinese stock gauge is on track for a bear market, pressured by weakness in Internet and consumer firms.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USTrump Blows Through His Iran Red Lines in Justifying Peace DealNetanyahu Pays a Political Price for Trump’s Iran DealThe MSCI China Index dropped as much as 2.1% Thursday, tak
The shares were broadly flat in early trading. The company said it now targets revenue of 1.7 billion euros to 2.2 billion euros ($1.96 billion to $2.54 billion), up from 1.5 billion euros to 1.9 billion euros, ahead of its 2026 investor day in Amsterdam. It also raised the lower end of its operating margin target to 45% from 40%, while keeping the upper end unchanged at 55%.
Warsh stressed the Fed's commitment to deliver price stability and skipped publishing an individual rate forecast in the dot plot.
By Casey Hall and Sophie Yu SHANGHAI, June 18 (Reuters) - China's second-biggest shopping festival is drawing to a subdued close, underscoring weak consumer confidence and government pressure on e-
Tom Sosnoff, Chief Executive Officer at LossDog, predicted that Space Exploration Technologies Corp. (NASDAQ:SPCX) stock will head “under 135″—dropping below its initial public offering price—after revealing he locked in rapid profits by selling his own allocation “at 158.” The Post-IPO Prediction Speaking on the episode of The Drift with Benzinga, Sosnoff expressed strong conviction that the newly public aerospace giant is bound for a downward correction before the end of the year. While he dis
Lululemon stock faces pressure from a cultural controversy in China that threatens its key growth market and from a hawkish Federal Reserve outlook.
SpaceX gave 30% of IPO shares to retail investors, according to reports.
7.58am: Fed shock but Iran deal signed News overnight that US and Iranian leaders signed an MoU to end the war has helped lower oil prices, but a portentous debut of the US Federal Reserve's new chair seems still likely to weigh on markets today. Kevin Warsh’s first appearance as Fed...
(Bloomberg) -- Investors in the ever-hotter AI stock rally must suddenly consider a risk with the potential to be even more damaging than high valuations and big spending: Politics getting in the way.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USTrump Blows Through His Iran Red Lines in Justifying Peace DealNetanyahu Pays a Political Price for Tr
NVDA and MU are key drivers of Tech sector earnings growth as S&P 500 Q2 profits are forecast to rise 22.3% on 11.0% higher revenues.
Tim Cook says Apple can no longer absorb soaring memory-chip costs driven by the artificial intelligence boom, signalling higher prices for consumers and raising concerns about broader inflation across the technology sector.View on euronews
BE Semiconductor Industries raised its long-term revenue and profitability targets, citing increased demand for AI-related products.
Warsh's first Fed day is the worst for a new chair since 1994. Trump wanted cuts. He got a rate hike threat.
BERLIN, June 18 (Reuters) - Drone incursions disrupting airports in Europe and strikes on oil fields in the Middle East are spurring a fast-growing market for radars, jammers and defensive craft to defend airports and infrastructure against new aerial threats. Drone technology has caused upheaval at airports for years, with London's Gatwick Airport among those to have had to suspend flights due to drone alerts pre-2020.
By Joanna Plucinska and Maria Rugamer BERLIN, June 18 (Reuters) - Drone incursions disrupting airports in Europe and strikes on oil fields in the Middle East are spurring a fast-growing market for
President Donald Trump said in a Truth Social post on Thursday that Apple had agreed to work with Intel to design and build its chips in the United States. Intel had reached a preliminary deal to make some chips for Apple, following discussions that went on for more than a year, the Wall Street Journal reported in May.
The risk/reward ratio on stocks doesn't look as good as it used to.
U.S. President Donald Trump said in a Truth Social post on Thursday that Apple has agreed to work with Intel to design and manufacture its chips in the United States. A partnership with Intel helps Apple diversify its manufacturing base as it seeks additional chip capacity. The iPhone maker relies heavily on TSMC, whose advanced production lines are in high demand from AI chipmakers such as Nvidia and AMD.
By Streisand Neto LONDON, June 18 (Reuters) - Electric vehicle giant BYD is interested in getting involved with the Formula One motor racing circuit as it aims to boost its brand outside its home market of China, where it already has a strong foothold. However, becoming F1’s first Chinese outfit would be expensive and linking up with an existing team poses challenges, so a sponsorship-based approach might provide an easier pathway into the sport.
(Bloomberg) -- Lenovo Group Ltd. fetched $2 billion from the sale of seven-year convertible bonds, two years after it raised a similar amount from Saudi Arabia’s sovereign wealth fund.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealApple Plans Camera AirPods Alongside Upgraded Foldable iPhone in
JPMorgan Chase has stopped its staff in Hong Kong from accessing Anthropic’s AI models, following a similar move by rival Goldman Sachs in a...
Berkshire Hathaway is very important — for both its sheer size and its symbolic position in American business. It is worth over a trillion dollars...
(Bloomberg) -- The Federal Reserve may need to raise interest rates as soon as September if inflation remains elevated, according to Rob Kaplan, vice chairman at Goldman Sachs Group Inc. and former Dallas Fed president. Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USTrump Blows Through His Iran Red Lines in Justifying Peace DealNetanyahu Pays a Po
Wolfe expects Tesla to deliver 420,000 vehicles in Q2, above the 400,000-unit consensus.
SpaceX's IPO is just the beginning of what will be a closely monitored stock, with many important events over the next six months that investors will want to be aware of.