SINGAPORE, June 8 (Reuters) - Asian markets were poised to fall on Monday after Wall Street's nine-week winning streak ended in heavy tech selling, while Israeli strikes on Beirut sent oil and the
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Nvidia on Monday announced deals with South Korea's SK Hynix, Naver and Doosan Group to build AI data centres and use the U.S. chip firm's technology, as it looks to continue driving the AI boom. The agreements come during a high-profile trip by Nvidia CEO Jensen Huang to South Korea that began on Friday and has seen him have fried chicken with the country's top corporate bosses, throw a baseball pitch and meet with a well-known gamer so far. Nvidia and its partners did not disclose the value of the deals.
Nvidia said on Monday that South Korean internet conglomerate Naver would use its technology to build AI factories at gigawatt scale to meet rising global demand for AI services and physical AI. The project is aimed at serving growing global demand for AI services and physical AI applications, Nvidia said. (Reporting by Heekyong Yang; Editing by Jamie Freed)
Over the past three decades, Lululemon has gone from a niche yoga-pants label to a mall anchor. For most of that run, U.S. sales drove the story. That's no longer the case. The brand that built its name on American fitness studios and suburban storefronts is now leaning hard on a market half a ...
Three trading days earlier, Marvell Technology (MRVL) had the market in awe. Nvidia chief executive Jensen Huang had stood on a stage in Taipei and called the chip designer “the next trillion-dollar company.” Traders responded by handing the stock its biggest one-day gain ever. By Thursday’s close, ...
Asking for a Trend Host Josh Lipton previews several of the biggest stories to come throughout next week, including SpaceX's (SPAX.PVT) long-awaited mega-IPO, earnings from Adobe (ADBE) and Oracle (ORCL), and the latest inflation data in the form of May's Consumer Price Index (CPI) report.
Tensions in the Gulf had already been escalating as the U.S. and Iran increasingly exchange fire, with both sides trying to establish their own shipping lanes in the Strait of Hormuz.
More than three decades after the original "Toy Story" debuted in 1995, Disney is preparing to release "Toy Story 5" exclusively in theaters on June 19, 2026. The film arrives seven years after "Toy Story 4" and at a pivotal moment for the movie industry, as studios continue searching for ways to ...
Wall Street spent the bulk of 2026 figuring out whether the stock market has come too far, too fast. However, according to TheFly, Citi analysts are looking past the immediate damage as they revamp their S&P 500 target. They make the case that something far more durable may be taking shape, ...
Investors are likely to confront challenges from the latest inflation reading and the SpaceX IPO in the days ahead.
Investing.com -- The 2026 FIFA World Cup, the largest in the tournament’s history with 48 teams, 104 matches and 16 host cities across the United States, Canada and Mexico, is expected to generate measurable but largely short-lived gains for a select group of U.S. companies, while media engagement may provide a more durable revenue opportunity than in-person attendance, according to analysts at Barclays.
SpaceX is allocating a sizeable portion of its available IPO shares to retail investors via select brokerages.
What SpaceX’s Starlink is worth is for each investor to decide. How it works is easier to say. It’s remarkable.
(Bloomberg) -- Goldman Sachs Group Inc. economists no longer expect the Federal Reserve to cut interest rates this year due to a stronger-than-expected labor market.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryUK Deputy PM Says He Told Vance ‘You’re Wrong’ Over Nowak CaseUS Forces See Nearly 1,000 Hormuz Crossings Since CeasefireBecerra Advances for California Governor as Hilton Fight
The Bureau of Labor Statistics will release the consumer price index on Wednesday and the producer price index on Thursday. Both inflation measures are running at multi-year highs, and the core CPI hasn’t been at or below the Federal Reserve’s two percent target in more than five years. This week also brings perhaps the most anticipated initial public offering in history: SpaceX.
Nvidia (NVDA) is a name most investors think about when analyzing the artificial intelligence boom. Nvidia's processors helped turn generative artificial intelligence from a software triumph into a big infrastructural race. Data centers, cloud platforms, and corporate AI systems have all looked to ...
It might be smart to scoop up some Rocket Lab shares as the market focuses on SpaceX.
Ordering through platforms like DoorDash or Uber Eats costs nearly 80% more on average than picking up, a LendingTree study found. Service fees, delivery charges, and inflated menu prices all add up on the final bill, often without a clear explanation of where each dollar goes. The Federal Trade ...
Selling in the first 15 calendar days makes you a 'flipper,' and further strikes escalate to a permanent ban tied to your SSN.
Markets face a pivotal week marked by a significant structural shift away from richly valued AI and technology stocks toward lagging sectors, evident in Friday's steep Nasdaq and S&P 500 plunges that signal investor rotation and risk reassessment.
Earlier this year, Meta cut thousands of employees and told investors the reductions were necessary to fund its AI ambitions. The company redirected that payroll into infrastructure, researchers, and models designed to compete with OpenAI, Anthropic, and Google. Mark Zuckerberg called it the most ...
(Bloomberg) -- President Donald Trump said the Federal Reserve would be wrong to raise interest rates as his nominee Kevin Warsh prepares to chair his first Fed policy meeting.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryUS Forces See Nearly 1,000 Hormuz Crossings Since CeasefireBecerra Advances for California Governor as Hilton Fights SteyerSpaceX Inks $30 Billion Computing Power Dea
“With a great Jobs Report, like just announced, stocks should go up, not down," Trump posted. "That's the way it was for 200 years. Growth does not mean inflation!”
Greg Abel is making Berkshire his own, but investors can see the heavy influence of Buffett.
There's a fear quietly spreading through enterprise software circles — that agentic AI is coming for the business model. Why pay for software licenses when AI can write, replace, or automate what that software does? It's a legitimate question. And 65-year-old Broadcom (AVGO) CEO Hock Tan just ...
Broadcom's strong earnings weren't quite enough for an unquenchable Wall Street.
Ciena (CIEN) just delivered the kind of quarter most companies dream about. Revenue jumped 40%, profit nearly quadrupled, and management raised its full-year outlook. Wall Street liked what it saw. Analyst after analyst lifted price targets on the stock, some by hundreds of dollars. And then shares ...
President Trump’s second-term trade agenda has hardened into a structural policy regime, with U.S. steel imports sitting at their lowest levels since the global financial crisis. That backdrop has turned the under-$40 corner of the industrial market into one of the most asymmetric setups in the market, where a single multi-quarter pricing cycle can re-rate ... 1 Cash-Rich Industrial Titan Under $40 to Buy Hand Over Fist to Capitalize on the New Trump Tariff Supercycle
Just days after the S&P 500 climbed to a fresh record high as artificial intelligence stocks extended their remarkable rally, investors got a reminder that markets rarely move in a straight line. Friday’s sell-off erased roughly $1.4 trillion in market value from S&P 500 companies and marked the benchmark index’s steepest one-day decline since October ... The S&P 500 Wiped Out $1.4 Trillion in Market Cap After Red-Hot Jobs Report. Here’s Why
Apple is heading into its most closely watched developer conference in years with a record quarter behind it and one of the highest-stakes AI announcements in its history in front of it. The stock has climbed 15% year to date, services revenue hit an all-time high of $31 billion in the March ...