STZ heads into Q1'27 results, with earnings growth expected, beer momentum in focus and cost pressures posing risks.
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Adobe said that it will integrate Topaz Labs' tools across its apps.
JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents of the company, laying the groundwork to find candidates to succeed chief executive Jamie Dimon.
Plus: Will anyone buy a cheap EV truck, the World Cup tries to cool off and the Trump administration offers nuclear loans.
Trying to ‘buy the pop’ and quickly flip a hot IPO stock is likely to land you in trouble both with your brokerage and your bottom line.
Investing.com -- Apple Inc. increased prices for its Mac computers, iPads and home devices on Thursday to offset rising costs from a memory chip and storage shortage.
By Stephen Nellis and Aditya Soni SAN FRANCISCO, June 25 (Reuters) - Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip
Wendy’s shares are surging another 10% this morning, in what appears to be a short squeeze of the restaurant chain’s stock. The premarket rally stands to build on Wendy’s 26% jump yesterday. The moves have all the hallmarks of the kind of short squeeze that made headlines in 2021, when retail investors banded together online to send shares of companies like GameStop and AMC Entertainment soaring—and inflict painful losses on hedge funds that had placed short bets on the stocks.
IBM soared in pre-market trading after announcing a non-chip computing breakthrough.
A list of 20 highly rated stocks favored by analysts for gains over the next year includes only one that has risen this year: Nvidia.
Apple raised the prices of its Macs and iPads early Thursday morning, a week after Chief Executive Tim Cook said the soaring costs of memory and storage chips would force the company’s hand. The company briefly took down its Apple Online Store early this morning as it typically does when announcing new products. When it came back online, the price tags for Mac computers rose roughly 15% to 20% and iPad prices rose 15% to 25%.
JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents of the company, laying the groundwork to find candidates to succeed chief executive Jamie Dimon.
Investors in one of Ares Management’s largest private-credit funds tried to withdraw about $1.5 billion of their money in the second quarter, representing 14.4% of the fund’s net asset value. Ares decided to limit redemptions to 5% of shares outstanding, the same cap the firm applied in the first quarter when investors asked to redeem 11.6%. The rise in withdrawal requests came from foreign investors; U.S. investors asked to redeem fewer shares in the second quarter compared with the first, Ares said in a letter to shareholders.
AI models can be ‘like schizophrenic geniuses,’ says CEO who raised $100 million in round led by Khosla Ventures.
Strategic federal moves to take direct equity stakes in public quantum developers cement high-performance computing as an urgent national security priority.
Inflation is up and shows no signs of stopping.
Micron stock was surging as the company delivered reassurance the memory-chip boom can last for longer than expected.
SpaceX’s decision to launch a $25bn bond sale shortly after raising $86bn from its record-breaking IPO is a clear sign that markets are entering...
Alphabet’s addition to the Dow will give the index more AI exposure... though not as much as you might think. Under the Dow’s methodology, higher-priced stocks are given more weight, meaning the Google parent will make up 4% of the index when it joins on Monday, while Goldman Sachs and Caterpillar make up more than 10% each.
IBM unveiled the world's first sub-1 nanometer chip, calling it a landmark moment for the semiconductor industry. IBM stock rose.
(Bloomberg) -- On paper, it seems like a no-brainer trade: Cash out of one private credit fund at 100% of net asset value and plow the money back into a similar vehicle that’s trading at a substantially discounted price.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale by Owner Ryman HospitalityStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle C
Wondering what rich people are doing with their money and where they're investing? A new Bank of America Private Bank study offers an inside look at the high net worth crowd. When it comes to investing, wealthy Americans are going beyond plain vanilla portfolios, according to BofA's 2026 Study of Wealthy Americans.
(Bloomberg) -- Revenue from artificial intelligence has reached a tipping point, showing that the hundreds of billions of dollars tech companies are spending on it may be economically sustainable, according to a report from research firm Exponential View. Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale by Owner Ryman HospitalityStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Climb Late After Micron’s B
By Naomi Rovnick LONDON, June 25 (Reuters) - Morgan Stanley was among the first Wall Street backers of Market Financial Solutions Ltd., lending credibility to the British private credit business
Bank of America will release its second-quarter earnings next month, and analysts anticipate a double-digit bottom-line growth.
PNC Financial Services will release its second-quarter earnings next month, and analysts anticipate a double-digit bottom-line growth.
Wells Fargo is all set to announce its fiscal second-quarter earnings next month, and analysts project a modest double-digit profit growth.
Goldman Sachs is expected to post double-digit earnings growth when it releases its second-quarter results in July.
June 25 (Reuters) - What matters in U. and global markets today , Editor-at-Large, Finance and Markets Micron Technology's impressive earnings update and demand forecasts on Wednesday have reheated the shaky chip sector, lifting the trillion-dollar memory chip maker's stock about 14% overnight and igniting a tech rally around the world on Thursday.