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IBM, Quantum Stocks Jump on U.S. Government Grants
The Wall Street Journal80d agobullish
IBM, Quantum Stocks Jump on U.S. Government Grants

A handful of quantum-computing companies have been given grants that include U.S. government equity stakes, sending their shares higher in premarket trading: IBM is getting $1 billion of the $2 billion total package.

A Monthly Dividend Portfolio That Pays Like a Pension and Beats Most Pensions on Inflation Protection
24/7 Wall St.80d agobullish
A Monthly Dividend Portfolio That Pays Like a Pension and Beats Most Pensions on Inflation Protection

A traditional defined-benefit pension paying $5,500 per month, or $66,000 annually, provides a useful retirement-income benchmark. That level of income sits near the upper range of what many private-sector pensions deliver, and it represents the amount a 67-year-old married couple would need to recreate if offered a lump-sum payout instead of guaranteed monthly checks for ... A Monthly Dividend Portfolio That Pays Like a Pension and Beats Most Pensions on Inflation Protection

Investing.com80d agobullish
Deere beats estimates as construction unit surges

Investing.com -- Deere & Company (NYSE:DE) reported second-quarter earnings that exceeded analyst expectations, driven by strong performance in its construction and small agriculture divisions, sending shares up 2.2% premarket on Thursday.

Investing.com80d agobullish
NIO stock jumps as Q1 earnings, revenue outlook trump estimates

Investing.com -- NIO shares rose more than 5% in U.S. premarket trading Thursday after the Chinese electric vehicle maker reported better-than-expected earnings for the first quarter, and provided second-quarter revenue outlook that also trumped estimates.

Junk Debt’s Red-Hot Rally Sparks Complacency Fears as Risk Rises
Bloomberg80d agobullish
Junk Debt’s Red-Hot Rally Sparks Complacency Fears as Risk Rises

(Bloomberg) -- Junk debt is beating just about everything else in fixed-income markets after surging yields wiped out gains on most other bonds. Yet with high-yield credit spreads near two-decade lows, investor unease is building.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI Is Ready to Go Mainstr

Nvidia’s Huang Ignites Asia Tech Rally With AI, Robots Vision
Bloomberg80d agobullish
Nvidia’s Huang Ignites Asia Tech Rally With AI, Robots Vision

(Bloomberg) -- The latest report from Nvidia Corp. may have left its investors wanting more but it gave a jolt to the shares of a broad swath of Asian tech companies. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockSpaceX Shows $4.3 Billion Loss as Musk Targets Record IPOIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI Is Ready to Go MainstreamA B

Samsung shares soar as strike averted, but bonuses of $416,000 for some stoke concern
Reuters80d agobullish
Samsung shares soar as strike averted, but bonuses of $416,000 for some stoke concern

Samsung Electronics' shares surged on Thursday after it clinched an 11th-hour deal with its South Korean union to ‌avert a strike, although the terms which included bonuses of around $416,000 for some workers ‌gave rise to some concern. A planned 18-day strike by some 48,000 union members has now been suspended, while the agreement, which ​was mediated by the government, is put to a vote between May 22 and May 27. The deal sparked relief across South Korea.

Michael Burry buys beaten-down, forgotten fintech stock
TheStreet80d agobullish
Michael Burry buys beaten-down, forgotten fintech stock

While the rest of the market has been chasing AI, Michael Burry spent his Monday evening on Substack explaining why he has been buying the stocks everyone else is ignoring. He has a name for what he is seeing. And it is not a phrase Wall Street has used before. Burry disclosed in a Substack post on ...

Asian shares surge after oil prices slip and Wall Street resumes its AI rally
Associated Press80d agobullish
Asian shares surge after oil prices slip and Wall Street resumes its AI rally

Shares rallied Thursday across Asia, tracking gains on Wall Street after pressure from the bond market eased and oil prices fell back. The advance was also powered by a stronger-than-expected quarterly report from chipmaker Nvidia, whose profit rocketed more than 200% higher in the February-April quarter from a year earlier, while revenue jumped 85%. Nvidia has been one of the biggest beneficiaries from the boom in artificial intelligence, thanks to powerful demand for its high-end AI chips.

Samsung Electronics' shares jump after tentative wage deal suspends strike
Reuters80d agobullish
Samsung Electronics' shares jump after tentative wage deal suspends strike

Samsung Electronics' shares rose as much as 6.5% in morning trade on ‌Thursday after the tech giant and its ‌South Korean union reached a tentative pay deal, potentially averting a ​strike that had threatened to hit the economy and undermine global chip supply chains. The union said the planned 18-day strike by nearly 48,000 members would be suspended ‌while the tentative 11th-hour ⁠deal is put to a vote between May 22 and 27. Ryu Young-ho, a senior analyst at NH Investment & Securities, said investors were relieved ​that uncertainty ​surrounding the prospect of ​a strike had eased.

Scion Group & Ares Management Team Up to Buy $910M in Student Housing
Bloomberg80d agobullishVIDEO
Scion Group & Ares Management Team Up to Buy $910M in Student Housing

Scion Group CEO Rob Bronstein said that his team is targeting real estate around universities that represent a 'strong return on investment' in terms of tuition, as his company announces a deal with Ares Management to but $910M in student housing properties. Bronstein, joined by Bloomberg's Norah Mulinda, said that his investment is aimed at providing a wide net of locations and price points in the student housing market.

Nvidia forecasts quarterly revenue above estimates, announces $80 billion share buyback
Reuters80d agobullish
Nvidia forecasts quarterly revenue above estimates, announces $80 billion share buyback

Nvidia forecast second-quarter revenue above Wall Street expectations on Wednesday, and announced an $80 billion share repurchase program. Shares of the company ‌were marginally down in extended trading. The world's most valuable company expects ‌revenue of $91 billion, plus or minus 2%, compared with estimates of $86.84 billion, according to data compiled by ​LSEG.