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June 4 (Reuters) - Lululemon Athletica cut its annual revenue and profit forecast on Thursday, as the athletic apparel maker grapples with waning brand appeal in the U.S. amid tough competition,
SpaceX is inviting investors to bet on Elon Musk's vision of AI data centers in space and humans on Mars.The sky-high valuation for SpaceX -- nearly $1.8 trillion -- is based on the idea that his legendary run will continue and that Musk can achieve his goal of data centers in space and putting people on Mars.
Anthropic just filed its S-1 to go public later this year.
Federal Reserve Vice Chair for Supervision Michelle Bowman said regulators have launched a new effort to better understand how bank lending flows into private credit funds and other nonbank financial firms.
Union Pacific's CEO Jim Vena said he's not had any direct conversations with Trump about the government acquiring a 15% stake in the pending UP-Norfolk Southern merger.
CNBC’s Jim Cramer is making a paradoxical call on the pending SpaceX IPO. On Squawk on the Street this week, he predicted the stock could double on its opening trade to a $4 trillion valuation, while publicly trying to talk retail investors out of buying. The mechanics he points to (a microscopic float and forced ... CNBC’s Jim Cramer Predicts SpaceX IPO Will Double to $4 Trillion. He Says Two Factors Will Lead to Massive Buying.
David Hughes, Senior Vice President of SASE & Security, Networking at HPE speaks with Bloomberg's Kate Moriarty about enterprise technology and infrastructure strategy at Bloomberg Tech 2026 in San Francisco.
💲 The S&P 500's financial sector is up 2.6% today, which would be its biggest one-day gain since April 2025. Here are some of the top performers in the sector: Blackstone (BX), up 8%. Robinhood (HOOD), up 6.
FedEx has outpaced its sector peers recently, and analysts remain moderately optimistic about the stock’s prospects.
(Bloomberg) -- Airbnb Inc. Chief Executive Officer Brian Chesky is starting a new artificial intelligence lab, according to several people familiar with the matter, marking his first foray into the global AI race.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborBroadcom Slides by Most in More Than a Year on AI Outlook MissStock Buyers Step In to Li
(Bloomberg) -- A surge in electricity demand from artificial intelligence and data centers is reshaping North America’s power markets, creating a “renaissance” for natural gas after decades of limited new development, according to KKR & Co. partner Brandon Freiman.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborBroadcom Slides by Most in More Than
Enact Holdings trades at $40.58 per share and has stayed right on track with the overall market, gaining 7% over the last six months. At the same time, the S&P 500 has returned 11%.
(Bloomberg) -- Lea en españolMost Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborBroadcom Slides by Most in More Than a Year on AI Outlook MissStock Buyers Step In to Lift Dow Average to Record: Markets WrapJPMorgan Chase & Co. and Jefferies Financial Group Inc. are lining up trips to Caracas amid growing demand from investors for a firsthand look int
Wall Street keeps getting more and more bullish on Credo Technology (CRDO). But investors aren't. That divergence is becoming one of the more interesting stories in the artificial intelligence infrastructure business. The connectivity chip manufacturer just reported another quarter of triple-digit ...
Microsoft and OpenAI's relationship is getting frostier.
Texas Attorney General Ken Paxton has launched an investigation into Celsius Holdings to probe whether the company knowingly marketed energy drinks toward children and teenagers. The investigation will focus on the Alani Nu line of energy drinks, sold by a Celsius subsidiary and marketed with “colorful packaging, playful design elements, and youth-oriented branding strategies,” Paxton’s office said Thursday. Celsius Holdings didn’t immediately respond to a request for comment.
On June 1, Strategy (NASDAQ: MSTR), formerly MicroStrategy, announced the sale of 32 Bitcoin (BTC) that it conducted last week. With 843,706 BTC on its balance sheet, the company is still the largest Bitcoin treasury company. But this instance was its first Bitcoin sale in years, sending ...
Ciena just served up a beat-and-raise quarter. So why is the stock falling?
Space stocks are catching a strong updraft in midday trading. Virgin Galactic (NYSE:SPCE) stock is up 14% to $4.87, while Rocket Lab (NASDAQ:RKLB) stock is climbing 6% to around $122. The likely backdrop: SpaceX’s IPO roadshow is currently underway, and the buzz appears to be lifting sentiment across the publicly traded space proxies. Per Financial ... Virgin Galactic Surges 14%, Rocket Lab Gains 6% as SpaceX IPO Roadshow Fuels the Space Trade
Bitcoin's decline, which began after the Oct. 10, 2025 flash crash, entered a more volatile phase this week after Strategy (Nasdaq: MSTR), the world's largest corporate holder of Bitcoin, revealed it sold Bitcoin last week for the first time in years. U.S. spot Bitcoin ETFs had already recorded net ...
Citigroup Inc. (NYSE:C) is one of the Best Low Cost Stocks to Buy According to Hedge Funds. On May 29, Bloomberg reported that OpenAI had held early discussions with Citigroup Inc. (NYSE:C) and JPMorgan Chase about roles in its upcoming IPO. Although the talks are still in the early stages, two banks are expected to […]
The brokerage giant is letting customers with as little as $2,000 in a trading account submit offers to buy SpaceX at the IPO price.
Costco is planning to return its tariff refunds in some form to customers.
SpaceX may be a remarkable company, but its IPO could prove far less rewarding for ordinary investors.
<body><p>STORY: Coca-Cola is rethinking how to make its drinks more affordable, as the beverage giant sees some of its customers are struggling with rising costs.</p><p>That’s what Coca-Cola's CFO John Murphy told a Deutsche Bank consumer conference in Paris on Thursday.</p><p>Murphy said the company, which raised its annual profit target in April, was navigating the disruption from the U.S.-Israeli war on Iran quote, "not perfectly well, but without fear, without trepidation."</p><p>He called the outlook in the Middle East “still not clear,” and added it would be a focal point as the company goes into next year.</p><p>:: Coca-Cola</p><p>Coca‑Cola is leaning on a mix of pack sizes, formats and price points, from smaller, lower-cost, single-serve options to larger and premium offerings, to cater to a wider range of consumers while keeping prices affordable for budget-conscious shoppers.</p><p>Recent earnings from major U.S. retailers suggest consumers remain resilient but are spending more selectively.</p><p>Rising gas prices linked to the Iran war and persistent inflation are weighing on budgets.</p><p>Murphy said some consumers are resilient while others aren’t, and pointed to those earning $50,000 - $60,000 as being under particular strain.</p><p>Shares of Coca-Cola were little changed in Thursday morning trading, but have risen about 13% so far this year, slightly better than the S&P 500.</p></body>
(Bloomberg) -- Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., opened 13% above its listing price after raising $1.68 billion in an upsized US initial public offering.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborBroadcom Slides by Most in More Than a Year on AI Outlook MissStock Buyers Step In to Lift Dow Av
TSM stock rose on Thursday after the company's annual shareholders' meeting. At the meeting, Chief Executive C.C. Wei said the contract chipmaker, better known as TSMC, won't be able to fulfill demand over the next few years, even as more manufacturing capacity comes online, Bloomberg reported. "It will be a long time before we can meet customer demand," Wei said.
This is tool banks such as Goldman Sachs and Morgan Stanley use to build an order book for the SpaceX IPO.
Anthropic is joining in on the IPO fray to win tens of billions in capital and likely a valuation in the trillions. This IPO could significantly benefit Amazon (NASDAQ:AMZN), Salesforce (NYSE:CRM), and Alphabet (NASDAQ:GOOG). Before we look into how, let’s take a look at the IPO first. Anthropic’s decision for an IPO comes after SpaceX’s decision to ... 3 Stocks Poised to Make Billions from the Anthropic IPO
Dimon's nationwide push could signal major investor demand before SpaceX's planned public listing.
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