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June 5 (Reuters) - California Attorney General Rob Bonta will soon decide whether to sue to block Paramount's $110 billion acquisition of Warner Bros, he told Reuters in an interview, adding that in general he views any corporate promises to address antitrust concerns as better when backed up by potential divestitures. Bonta's office has been reviewing the deal for potential violations of U.
As parcel carriers like SpeedX and Veho deploy in-house AI tools, experts say the technology could help upstarts close the gap with FedEx and UPS.
Bitcoin's slide is showing no signs of abating. The cryptocurrency is falling again this morning, touching a low of $61,343.67, before recovering slightly. That marked its lowest intraday level since early February.
Bitcoin, XRP, and other cryptocurrencies were falling again early Friday as digital assets got caught up in the tech selloff, compounding a bad week. Bitcoin the world’s largest crypto, fell as low as $61,300 before climbing back to $62,500–down 1% over the past 24 hours, according to CoinDesk data. The digital asset has slumped 14% this week and is now more than 50% down from its record high of $126,272 reached in October last year.
(Bloomberg) -- Anthropic PBC called for the creation of an industrywide mechanism to pause the development of artificial intelligence, giving society the opportunity to “deal with its immense implications.” Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every CylinderGlazer Family Members Study Manchester United Stake Sale‘Sell Indonesia’ Sweeps Trading Desks as Prabowo Tightens GripRepublican-Led House Votes to Stop Iran Wa
June 5 () - Lululemon Athletica shares dropped 12% in premarket trade on Friday after bleak quarterly and annual profit outlooks deepened concerns over the yoga apparel maker's turnaround amid slowing U. demand, competition and tariff costs.
SpaceX’s IPO this month will give investors their first big opportunity to place bets on the growing space economy. Case in point: Rocket Lab The Nasdaq-listed company is one of only a handful in the world that can launch rockets into orbit, albeit at a smaller scale than SpaceX. Founded two decades ago in New Zealand but now based in California, Rocket Lab has launched 88 small-payload rockets mostly into low-Earth orbit.
While market watchers obsess about the dominance of a handful of gigantic stocks, smaller companies are the real winners this year. The Russell Microcap index of market tiddlers is up 21%, the Russell 2000 small-capitalization index a bit less, and the S&P 500 only slightly over half as much. Investors should be paying attention, both to understand why smaller stocks did so well, and why it might not last.
Broadcom’s AI forecasts, which some considered soft, triggered a sell-off in AI-linked stocks.
Nvidia (NVDA) stock is up about 15.98% year to date, at the time of writing, Thursday afternoon, June 4. Meanwhile, the SPDR S&P 500 index (SPY) is up about 10.97% in the same period. While the stock has outpaced the S&P 500, its growth has lagged that of other computer-related ...
<body><p>STORY: From SpaceX going sky high to Victoria's Secret making a comeback...</p><p>:: The Week In Numbers</p><p>This is The Week in Numbers.</p><p>:: $75 billion</p><p>$75 billion is how much SpaceX plans to raise in its upcoming share sale.</p><p>That was the word from a Reuters source.</p><p>They said Elon Musk’s rocket firm will sell almost 556 million shares at $135 apiece.</p><p>Reuters had earlier reported the IPO would see SpaceX valued at $1.75 trillion.</p><p>:: $965 billion</p><p>$965 billion is how much Anthropic's valuation surged to.</p><p>It put the AI startup ahead of Sam Altman's rival OpenAI.</p><p>Anthropic announced it had raised $65 billion in its latest funding round, which pushed up its value.</p><p>It aims to boost computing capacity to meet growing demand for its chatbot Claude and to scale its products</p><p>:: 50%</p><p>About 50% is how high Victoria's Secret shares soared post-results.</p><p>Investors bought in after the lingerie retailer posted blockbuster quarterly earnings and raised its annual forecasts.</p><p>Revenue grew by double digits in the quarter.</p><p>It follows CEO Hillary Super's efforts to stop years of falling sales by reining in discounting and leaning back into its former "sexy" image.</p><p>:: 60</p><p>60 is how many economies the Trump administration has proposed placing more duties on imports of.</p><p>It cited failures to curb trade in goods made with forced labor, which it called unreasonable and argued it restricted U.S. commerce.</p><p>The duties would reach up to 10% or 12.5% and targets major players like the EU, China and neighbours like Mexico and Canada.</p><p>It comes as the Trump administration tries to rebuild its emergency tariffs after they were struck down in February by the U.S. Supreme Court.</p><p>:: $2 billion</p><p>And up to $2 billion is how much Garth Brooks could sell his music catalog for.</p><p>That's what the Wall Street Journal reported.</p><p>The country music star is known for hits like 'The Dance' and 'Friends in Low Places'.</p><p>The Journal said the deal would cover both Brooks' songwriting and recorded music rights.</p></body>
A potentially softer labor market report, renewed AI debate, and geopolitical uncertainty weighed on risk sentiment.
SpaceX has informed banks in its planned $75 billion initial public offering that it won't change th
UnitedHealth jumped more than 5% Thursday after BofA upgraded the stock to a buy rating on “improving medical cost trends.” The healthcare giant led Dow gainers for the day, though a 5% jump by Goldman Sachs wasn’t far behind.
Taiwan's Foxconn said on Friday that its second-quarter performance is likely to be well above its previously anticipated forecast of "significant" growth. Foxconn, which is Nvidia's biggest server maker and Apple's top iPhone assembler, does not provide numeric guidance for its outlook. (Reporting by Ben Blanchard; Editing by Christopher Cushing)
Stocks were headed for the red on Friday as investors ditched tech ahead of the May jobs report, which will give the market a better idea of whether there will be scope for the Federal Reserve to hike interest rates later this year. Futures tracking the Dow Jones Industrial Average rose 29 points, or 0.1%. S&P 500 futures fell 0.6% and contracts tied to the tech-heavy Nasdaq 100 dropped 1.3%.
Anthropic filed its IPO the same week SpaceX did. Its $15B compute deal with SpaceX can end in 90 days leaving a lot of risk on the table.
Robinhood, SoFi Technologies and Webull stocks are headed lower despite two major catalysts, namely the elimination of the PDT rule and the upcoming SpaceX IPO.
Fidelity says SpaceX has reserved up to 30% of the IPO for retail investors, well above the typical 5%-10% allocation.
The JPMorgan CEO is headlining the IPO roadshow.
Why the stock will be in your Nasdaq 100 fund but not your S&P 500 fund—and other quirks of the largest IPO ever.
(Bloomberg) -- Nvidia Corp. has certified the three biggest memory chipmakers to supply their most advanced high-bandwidth products for the US company’s AI accelerators, Chief Executive Officer Jensen Huang confirmed for the first time.Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every CylinderGlazer Family Members Study Manchester United Stake Sale‘Sell Indonesia’ Sweeps Trading Desks as Prabowo Tightens GripRepublican-Le
(Bloomberg) -- Elon Musk can still enchant investors with his vision of the future.Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every CylinderGlazer Family Members Study Manchester United Stake Sale‘Sell Indonesia’ Sweeps Trading Desks as Prabowo Tightens GripRepublican-Led House Votes to Stop Iran War, Rebuking TrumpAny questions about SpaceX’s record-breaking initial public offering — be it about the valuation, the compa
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Joining me on today's call are DocuSign's CEO, Allan Thygesen; and CFO, Blake Grayson. And we are rapidly launching new capabilities that deliver increased value to customers and significantly widen our competitive advantage.
Nvidia CEO Jensen Huang said on Friday that he sees robotics as the next major sector in South Korea. He was talking to reporters after arriving at Gimpo airport in South Korea on a flight from Taiwan. Huang said he had meetings scheduled with Hyundai, LG, SK, Samsung and Naver during his trip.
Shares have fallen in Asia, with South Korea’s benchmark dropping more than 5%, after sharp declines for some big artificial intelligence-related stocks in the U.S. On Wall Street on Thursday, computer chipmaker Broadcom’s shares sank 12.6% when it gave a forecast that fell short of investors’ expectations, raising concerns over the wider AI and technology sector. U.S. memory chip maker Micron Technology dropped 7.7%, and cybersecurity company CrowdStrike Holdings fell 3.8%.
Despite a dip in North American sales, Lululemon Athletica Inc (LULU) sees promising growth in China and focuses on innovation and brand activations to drive future success.
Docusign Inc (DOCU) reports a 9% revenue increase and the largest quarterly stock buyback, while navigating challenges in the agreement management space.
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