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iHeartMedia (NASDAQ:IHRT)'s second-quarter results are expected to come in largely in line with company guidance, Bank of America said in a note that highlighted an expanding partnership with Netflix as a bright spot for the audio company. BofA maintained its second-quarter revenue estimate...
AI startup Perplexity on Tuesday confirmed it plans to use Nvidia's new central processing units, as the chip giant works to broaden its market and take on entrenched players such as Intel and Advanced Micro Devices. Nvidia has said it expects to generate $20 billion in sales from its "Vera" CPU, a more generic computing chip than its AI-specific offerings, by the end of this fiscal year. The Vera chips are part of Nvidia's efforts to diversify sales as artificial intelligence companies such as OpenAI and DeepSeek make their own AI chips.
The Number With oil now trading well below the $100 level (and seemingly poised to continue heading lower, after OPEC announced further production increases recently and recessionary concerns pick up), it’s unclear where certain oil stocks are headed. One such name that’s on my radar right now just reported its Q1 2026 earnings in early ... Oil’s $100 Threshold: What It Means for Energy Stocks Now
By Divya Rajagopal TORONTO, July 7 (Reuters) - The Canadian government announced a potential equity investment in Teck Resources for up to C$400 million ($281.93 million) to help expand its Trail
By David Shepardson WASHINGTON, July 7 (Reuters) - Union Pacific and Norfolk Southern told a U.S. government agency Tuesday they are willing to divest ownership stakes in some smaller railroads as
For the first time, investors outside the United States can use tokenized stocks as collateral to trade perpetual futures on U.S. equities, without a traditional brokerage account. Ondo Perps, a new decentralized perpetual futures platform built on technology developed by Ondo Finance, launched on ...
Multiple catalysts are driving big sell-offs for Rocket Lab.
The former Pfizer headquarters in Midtown has continued to move since emergency responders arrived, officials said Tuesday.
(Bloomberg) -- Meta Platforms Inc. debuted a new image-generation artificial intelligence model, its first such release since the company spent billions to rebuild its AI lab under Chief AI Officer Alexandr Wang a year ago.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Slide on Worries Rally Has Run Too Far: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Majo
Spain's GDP outperform the Eurozone's in the first quarter, and the economy will probably beat the eurozone for the full year.
Investing.com -- JPMorgan analyst Rajat Gupta said Tuesday a potential merger between SpaceX and Tesla appears strategically sound but faces substantial regulatory and governance obstacles.
Tesla has spent months pushing employees to use artificial intelligence as aggressively as possible. The company was tracking which engineers consumed the most compute, running internal promotions, and encouraging staff to experiment freely with AI tools. Leadership sent company-wide emails urging ...
Starlink has been a gem for SpaceX, but it could face an influx of competition in the near future.
Shares of the veteran handset maker have surged roughly 90% this year as it pivots to become a heavyweight infrastructure supplier.
The agreement also includes a provision for the government to establish offtake rights to a portion of the future germanium, antimony and gallium
(Bloomberg) -- Private credit is poised to take on an even bigger role in financing the “massive amount of infrastructure investment” for artificial intelligence as companies look for capital to fund outsized expenditures, according to the head of BlackRock Inc.’s research arm.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Slide on Worries Rally Has Run Too Far: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosof
Walmart (WMT) looked unstoppable this spring. But by early July, its performance had significantly declined. The retail giant's shares have fallen from a 52-week highnear $135toabout $112. The stock is now down for the year, even as the broader market keeps climbing. A drop like that usually ...
Eli Lilly shares hit a record high Tuesday after IPO stock Kailera Therapeutics posted lackluster test results for its weight-loss pill.
Shares of American Bitcoin, a bitcoin mining and treasury company backed by Eric Trump and Donald Trump Jr., dropped more than 15% Tuesday after implementing a reverse stock split. Bitcoin recently traded around $63,900 after bouncing off recent lows. Bitcoin treasury firms have faced mounting pressures as the slow-motion crash of cryptocurrencies stretches into its ninth month.
Micron Technology (MU) just issued a different kind of artificial intelligence caution to investors. The dismal earnings picture isn't the problem. It is not because demand is collapsing. It does not even arise from an obvious shift in the memory-chip cycle. Instead, the warning comes from the ...
Analysts at Wells Fargo and Bank of America issued bullish predictions for bank stocks and earnings, which will kick off second-quarter earnings season next week.
(Bloomberg) -- Amazon.com Inc.’s massive bond sale dragged down outstanding hyperscaler debt on Tuesday as investors sold existing securities to fund the new issue, signaling growing fatigue over the barrage of artificial intelligence financings.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Slide on Worries Rally Has Run Too Far: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosoft’s Xbox to Cut 3,200 Jobs, Dive
S&P 500 companies are expected to report 23.3% earnings growth for Q2, the second straight quarter above 20% and far above the average growth rate of 16.4% over the past five years, according to FactSet. The key question for markets, according to famed investment strategist Ed Yardeni, is whether analysts got carried away after Q1 earnings and set the bar too high. "The big risk up ahead is that technology companies, especially the hyperscalers, won't beat analysts' overly optimistic earnings growth estimates for the quarter," Yardeni wrote in Monday note.
Apple has underappreciated price elasticity of demand that should allow it to weather recent hardware price increases.
Find insight on Eli Lilly, Vertex Pharmaceuticals, Raffles Medical and more in the latest Market Talks covering the health care sector.
A high-rise building in Manhattan was at risk of collapse after columns buckled and floors sagged, officials said Tuesday, prompting an emergency response during the rush-hour commute. Fire officials said they received a report that bricks were falling from the 38-story building, in the city’s midtown district just before 8 a.m. Officials determined that two columns had buckled on the building’s 21st and 22nd floors and that several floors near the columns were sagging. No injuries were reported, fire officials said.
Find insight on Canada’s auto parts makers, Porsche’s recovery and more in the latest Market Talks covering auto and transport.
(Bloomberg) -- Microsoft Corp., looking to reduce AI costs, is starting to replace OpenAI and Anthropic with its own models in software products like Excel and Outlook. Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaTwo Millennium Trading Pods Made About $3.7 Billion Last MonthNasdaq 100 Falls 2% in Chip-Led Rout as Oil Climbs: Markets WrapMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulChina Sentences Official to Death Over $325
Chinese robotaxi firm Momenta Global said on Tuesday it had priced its Hong Kong listing at the top end of its marketed range, aiming to raise HK$5.89 billion ($751.02 million), joining a wave of tech listings reviving the city's capital markets. Here are more details: • The self-driving technology firm is offering 19.9 million shares at an issue price of HK$295.60 per share, an exchange filing showed. It plans to use about 60% of the net proceeds from the offering to boost research and development, including upgrading its artificial intelligence computing power, expanding data storage, and scaling up its engineering team, the firm said in its prospectus.
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