The networking giant raised its full-year AI infrastructure order forecast to $9 billion as it shifts investment toward silicon, optics, and security
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The networking giant raised its full-year AI infrastructure order forecast to $9 billion as it shifts investment toward silicon, optics, and security
With a new Fed chair stepping in, uncertainty around inflation could rattle the market.
The April inflation report landed with a number the Federal Reserve hoped it would never have to explain again. Consumer prices rose 3.8% year over year, the highest reading since 2023 and a sharp jump from March’s 3.3%. Energy did most of the damage: gasoline ripped 21% in March, the biggest monthly increase in data ... The Fed’s Worst-Case Scenario Is Quietly Unfolding
Xi Jinping has told American chief executives travelling with Donald Trump that China’s door to business “will only open wider and wider” as...
(Updates headline and eighth paragraph with the latest layoff information.) Cisco Systems (CSCO)
Intel's stock has more than tripled in roughly one month. Analysts have been scrambling to catch up. Deutsche Bank just moved its target by the most it has in over a year. And the specific reason it gave for doing so is not what most investors are focused on when they talk about Intel right now. ...
OpenAI and Microsoft Corp. have reportedly agreed to cap their total revenue-sharing payments at $38 billion. This cap could potentially strengthen OpenAI’s long-term appeal to investors as it gears up for a public offering, which might occur as early as...
A new entrant to the Nasdaq is set to test the strength of the IPO market today—and offer investors another way to bet on artificial intelligence. Cerebras Systems (CBRS), an AI chip maker backed by OpenAI’s Sam Altman, said yesterday that it priced its upsized offering of 30 million shares at $185.
Chipmaker Cerebras is set to make its U.S. market debut later on Thursday, as it looks to ride a wave of investor euphoria for companies that are at the heart of the artificial intelligence boom. The firm's IPO is the largest this year and comes as AI-linked stocks push broader markets to record highs despite challenges to global growth stemming from the Middle East conflict. The Sunnyvale, California-based chipmaker, which is a competitor to industry juggernaut Nvidia, raised $5.55 billion in an upsized offering, implying a valuation of $56.43 billion on a fully diluted basis.
The S&P 500 just crossed 7,400 for the first time, AI memory names have multiplied severalfold in months, and the most anticipated IPO of the cycle is approaching. Beneath the surface, the options market is flashing two opposite signals at once. Crypto’s quiet weakness may already be pricing something, and there are two scenarios for
📈 Follow our live markets data and coverage. The obvious way to measure a market selloff is by the amount that stocks went down, but that doesn’t tell you investors’ emotional state. A terrorist attack, bank collapse or pandemic can be downright terrifying, even if prices don’t fall by quite as much.
Britain launched an antitrust investigation into Microsoft's dominance in business software that could lead to targeted action if the U.S. company is found to have "strategic market status" in the sector. It would also look at how AI competitors were able to integrate with Microsoft's business software, it said. An SMS designation would also allow the CMA to intervene in the cloud market, where it has previously found Microsoft's use of software licensing could be reducing competition in cloud services.
Higher inflation may not be as short-term as the president thinks, based on what history tells us.
When Pattern Group co-founders David Wright and Melanie Alder needed $10 million for their startup in 2017, it was barely a rounding error for a bank like JPMorgan, which held $2.5 trillion in assets at the time. As Pattern grew from $100 million in annual revenue to $2.5 billion last year, the company chose JPMorgan as the sole banker on its $225 million Series B in October 2021 and a $150 million revolving credit facility last year. The bank then co-led with Goldman Sachs' Pattern's IPO in September, which raised $300 million and valued the company at around $2.5 billion.
(Bloomberg) -- A startup working to unlock excess power grid capacity for data centers raised $64 million as utilities and hyperscalers race to ease an energy crunch constraining the build-out of artificial intelligence.Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaTrump Lands in China for Xi Trade Summit With Iran War in LimboNvidia’s CEO Joins Trump in China With AI in the SpotlightG
Stocks are hitting records as earnings surge. Meanwhile, bonds are competing harder for investor cash.
The company set aside $240 million in the first quarter as it negotiates with the Justice Department over allegations in a 2023 short seller’s report.
Post (NYSE:POST) Holdings executives said the company’s diversified portfolio delivered second-quarter adjusted EBITDA above expectations, but management maintained its prior full-year adjusted EBITDA guidance because of new cost pressures tied to the conflict in the Middle East. Daniel O’Rourke, P
Accelerating inflation has made interest rate increases more likely, and they have historically been bad news for the stock market.
China's GDP growth appears on track to meet its full-year target, reducing the need for sizable stimulus to come, Citi analysts say in a note. They note Beijing seems satisfied with current growth momentum based on its announcements.
The central bank that Wall Street has become accustomed to may be on the verge of significant change.
Samsung Electronics on Thursday proposed that its South Korean labour union resume pay talks after government-mediated negotiations fell apart, a union leader said, citing a letter from the company. South Korea's Labour Commission also called on the two sides to hold another round of government-mediated talks on Saturday in a bid to avert a threatened lengthy strike. "There is no reason to continue the dialogue without institutionalisation and transparency," union representative Choi Seung-ho said in response to the letter, referring to the union's demand for an overhaul of Samsung's bonus scheme.
Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) reported higher production, stronger refinery utilization and continued investment in upstream projects during the first quarter of 2026, while executives said the company is monitoring fuel-price volatility and prioritizing capital discipline. Chief E
The price of Bitcoin was rising slightly but stayed below $80,000 after falling to a one-week low in the previous session. Higher-than-expected U.S. inflation data for April on Tuesday reduced the prospect of interest-rate cuts by the Federal Reserve, denting risk appetite and boosting the dollar.
The S&P 500 rose 0.6%, and the Nasdaq Composite added 1.2%. The president and a group of top business leaders are attending a summit with Chinese leader Xi Jinping. Kevin Warsh passed the final Senate vote hurdle.
Foxconn Technology Group reported robust first-quarter revenue and profit as it ramped up production of server racks, other advanced equipment and consumer devices for the global artificial-intelligence buildout.
(Bloomberg) -- Bankers were still putting the final touches on Alphabet Inc.’s blockbuster $17 billion of bond sales when word started to spread Monday morning on Wall Street: the company is already hawking more debt.Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Lands in China for Xi Trade Summit With Iran War in LimboThis
(Bloomberg) -- Xi Jinping signaled China is moving toward greater openness, striking an upbeat note during his meeting with US business leaders accompanying Donald Trump as the two presidents wrapped up morning talks that featured more divisive issues like trade and Taiwan.Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Land
Applied Materials reports earnings Thursday as investors look for signs that AI-driven chip spending can outweigh slowing sales growth in China.