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Every era has a number that stops making sense, a figure so large the brain just files it next to "infinity" and moves on. For most of my career, that kind of number lived in government budgets, the sort of sum you nod at without really feeling. Lately it has migrated somewhere stranger. It now ...
CNBC's Jim Cramer says SpaceX stock could more than double on IPO day.
Jerome Powell's successor is about to learn the hard truth that it's impossible to appease President Trump and tackle above-average inflation.
(Bloomberg) -- For one Friday night, Hongdae wasn’t Seoul’s trendiest neighborhood. It was Jensen Huang’s stage.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSpaceX Inks $30 Billion Computing Power Deal With GoogleTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalThe Nvidia Corp. chief executive landed in Seoul and pr
Experts are worried about SpaceX's target valuation.
Investing.com -- Yardeni Research said growing evidence suggests the artificial intelligence boom is extending beyond major technology companies and into the broader U.S. economy, supporting hiring, business formation, and investment despite ongoing geopolitical and inflation risks.
Three of those times were after a recession. The other was before a huge market crash.
Investing.com -- Goldman Sachs said strong corporate earnings and resilient consumer spending indicate the U.S. economy remains on a solid footing, although slowing household demand and rising cost pressures could weigh on growth later this year.
Why did a strong jobs report trigger big sell-offs for Joby Aviation stock?
A challenging housing market and consumers’ reluctance to spend on renovation projects have impacted the hardware and home improvement retail sector, affecting giant retailers like Home Depot and Lowe's, as well as their smaller competitors, such as regional chain Chase Ace Hardware. The impact on ...
Blackstone just made its biggest private equity bet ever in a key market. It blew past its $10 billion target. It also more than doubled the size of the prior fund, which raised roughly $6 billion. The fund was oversubscribed and hit its hard cap. For the world's largest alternative asset manager, ...
Anthropic, the parent company of Claude, has confidentially filed for an initial public offering.
U.S. consumers haven’t stopped spending money since the Iran war drove up fuel prices, but many shoppers are reassessing what they buy and where, according to company executives and retail analysts. During recent earnings calls with analysts, executives from American mainstays like Walmart, McDonald's and Dollar General cited overall shopper resilience as well as noticeable cutbacks by lower-income customers.
Friday’s labor-market rebound sets in motion a collision between the new Fed chair, the bond market and the White House.
After sizable declines, the restaurant chain could be poised for a rebound.
(Bloomberg) -- Netflix Inc. named Jay Hoag, founding general partner of the investment firm TCV, as chairman, to replace co-founder Reed Hastings, who left the board this week.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSpaceX Inks $30 Billion Computing Power Deal With GoogleTrump Says He, Not Congress, Is in Charge of Kennedy Center in
The 2026 Q2 earnings season will take the spotlight when the big banks report their results in mid-July. But we will already have seen fiscal May-quarter results from almost two dozen companies by then. What can investors expect?
Fears of rising interest rates collided with worries about artificial-intelligence spending on Wall Street Friday, bringing an abrupt and painful end to weeks of gains and sending the Nasdaq composite to its worst day in more than a year.
<body><p>STORY: Wall Street’s nine-week winning streak came to an abrupt halt on Friday, with the Dow dropping about one-and-a-third percent, the S&P 500 sliding more than 2.6% and the tech-heavy Nasdaq tumbling nearly 4.2%, its largest one-day percentage loss in more than a year.</p><p>Selling was concentrated among chip stocks and other technology favorites that have surged in recent weeks as the Nasdaq and S&P 500 rose repeatedly to fresh highs.</p><p>The Philadelphia Semiconductor Index erased more than $1 trillion in stock market value on Friday, suffering its largest one-day percentage plunge since March of 2020.</p><p>Eric Lynch, managing director and co-portfolio manager of Suncoast Equity Management, said tech stocks tanked due to rate-hike and AI spending concerns.</p><p>"The first factor is the blowout jobs report this morning. That has taken the chances of another Fed cut off the table for 2026. That hits long-duration, most exciting speculative stocks the most. [FLASH] But also there's been grumblings about AI, just some concerns about whether or not the token usage is really translating to great returns. And you've seen some consternation kind of bubbling up."</p><p>Among individual movers, AI chipmaker Nvidia, the largest company by market value, lost more than 6%, while Intel, Micron, AMD and Broadcom all slid between about 8% and 13.5%.</p><p>Shares of Lululemon Athletica slumped about 8.5% after the athletic apparel maker cut its annual profit forecast and projected second-quarter earnings well below Wall Street estimates.</p><p>And a more than 4% drop in bitcoin hit cryptocurrency firms, with shares of Coinbase and Strategy each tumbling about 7%.</p></body>
A remarkable two-month sprint higher for major stock-market indexes encountered its first major hiccup on Friday as the Nasdaq Composite plummeted more than 1,121 points — the biggest one day point drop on record, according to Dow Jones Market Data.
Netflix appointed lead independent director Jay Hoag as chairman of its board, succeeding Reed Hastings, who stepped down from the board of the streaming service he co-founded nearly three decades ago. • The streaming platform announced the move in an SEC filing on Friday, saying Hoag assumed the role following its annual shareholders meeting on June 4. • Netflix said in April that Hastings is quitting the company in order to focus on his philanthropy and other pursuits.
Benjamin Cowen, the analyst widely credited with calling the 2021 crypto collapse, has issued another sobering read on the market. The warning capped a punishing week. It began when Strategy (NASDAQ: MSTR) made its first Bitcoin (BTC) sale in years. It might have been a tiny 32 BTC against its ...
Shareholder approval moved the deal forward, but antitrust scrutiny now puts the focus on whether regulators seek divestitures or conditions that could affect the timing and economics of the transaction.
Investing.com -- Marvell Technology Inc (NASDAQ:MRVL) shook off a sharp two-day slump in postmarket trade Friday following the announcement of its upcoming inclusion in the bellwether S&P 500 index. Shares of the semiconductor company bounded 6% higher in after-hours trade as S&P Dow Jones Indices revealed the changes for its quarterly rebalance. The index addition caps a highly volatile week for Marvell, which initially went on a tear after Nvidia CEO Jensen Huang called it the next "trillion-d
AT&T (T) has a new problem on Wall Street. The telecom behemoth has spent years trying to convince investors that its story is greater than dividends, debt reduction and old-school wireless service. That effort has been strengthened. AT&T has been busy extending its fiber footprint, ...
Broadcom’s AI bookings remain the key proof point, with investors watching whether custom chip demand can convert quickly enough to support its fiscal 2027 AI revenue target.
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