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Tesla headed for its biggest fight in Europe yet
TheStreet62d agoneutral
Tesla headed for its biggest fight in Europe yet

Tesla's recovery in Europe has been remarkable. Europe, the world's second-largest EV market behind China, seemed done with the company in 2025. Tesla (TSLA) lost market share in European countries where it had previously been popular as the influx of cheaper Chinese models and CEO Elon Musk's ...

Bloomberg62d agoneutral
Tencent Is Said to Mull Exits From Game Studios Like Marvelous

(Bloomberg) -- Tencent Holdings Ltd. is negotiating exits from several game studio investments in Japan, including Tokyo-traded Marvelous Inc., as part of a reassessment of the company’s global portfolio, people with knowledge of the matter said.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US

Bloomberg62d agoneutral
Sony Plans First Dollar-Bond Sale in Nearly Three Decades

(Bloomberg) -- Sony Group Corp. was still marketing the original PlayStation when it last tapped the US investment-grade bond market. Almost three decades later, it’s readying a comeback. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $900 Million in Cred

Navellier explains why Micron is better than SpaceX
TheStreet62d agoneutral
Navellier explains why Micron is better than SpaceX

Micron Technology’s (MU) earnings announcement on June 24 is expected to be the grand finale to a stunning earnings announcement season. For the most recently reported quarter for the three months ended February 26, Micron increased earnings per share by 756% following 984% growth last ...

Walmart and Target gain ground before Prime Day battle
TheStreet63d agoneutral
Walmart and Target gain ground before Prime Day battle

Amazon Prime Day evolved out of the company's desire to grow Prime memberships and create a shopping holiday during the slower summer season. The company frames the event, which launched in 2015, as a gift to loyal customers. "Prime Day is about celebrating our members by providing them with ...

Sprouts takes on rival Whole Foods with this key move
TheStreet63d agoneutral
Sprouts takes on rival Whole Foods with this key move

With more Americans seeking out organic food and fresh produce, natural grocery chains like Sprouts Farmers Market stand to benefit. But there’s a lot of competition in the fresh produce lane. It's not just grocery chains such as Trader Joe’s and Whole Foods battling for market share; Sprouts also ...

Bloomberg63d agoneutral
‘A Lot of Leeway’: SpaceX’s High-Grade Debt Brings Out Skeptics

(Bloomberg) -- When Moody’s Ratings first evaluated Nvidia Corp. almost a decade ago, it settled on a Baa1 investment-grade rating, taking comfort in its relatively light debt load and more than $1 billion of free cash flow after 16 years as a public company.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueIran Says Hormuz Closed Again as Talks With US Set to OpenStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapUS and Iran Make ‘Progress’ in T

102-year-old supermarket chain quietly shut down
TheStreet63d agoneutral
102-year-old supermarket chain quietly shut down

Grocery stores used to serve as neighborhood hubs, because before delivery, the internet, and retailers like Target and Walmart moving into the space, brick-and-mortar retailers were the only option. When I was a kid back in the 1980s, my town had a Star Market. That was the only supermarket that ...

GM leans into AI to rewrite rules on vehicle design
TheStreet63d agoneutral
GM leans into AI to rewrite rules on vehicle design

Last month, during the company’s earnings call, GM CEO Mary Barra updated the world on the company’s autonomous driving ambitions. General Motors is working on eyes-off, hands-off self-driving technology that will launch in 2028 on the Cadillac Escalade IQ. Such a breakthrough would put it ahead of ...

The Stock Market Is on a Tear But 3 Things Could Go Wrong
Barrons.com63d agoneutral
The Stock Market Is on a Tear But 3 Things Could Go Wrong

Fed Chair Kevin Warsh struck a hawkish tone during his first press conference leading the central bank last week. The future still looks bright for markets through the rest of this year, but today I’m breaking down the key risks to watch in the second half of 2026, and how investors are digesting Warsh’s not-so-detailed preview of the Fed’s path forward. The factors that could drive markets higher for the rest of 2026 are widely known: Improved earnings estimates thanks to AI-driven demand, a dovish Fed, and a warm stock market welcome for Anthropic and OpenAI when they debut later this year.

Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports
Reuters63d agoneutral
Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports

Qualcomm is in advanced discussions to acquire Modular Inc in a ‌transaction valuing the AI chip company at ‌about $4 billion, Bloomberg News reported on Monday, citing people ​familiar with the matter. A global ⁠supplier of smartphone chips, Qualcomm has been working to reduce its reliance ⁠on the volatile handset market by branching out into fast-growing areas like data center processors and ​autonomous vehicle ​chips. • A deal ‌could be announced in the coming weeks, though talks could still fall through or the details could change, Bloomberg said.

IBM partners with OpenAI on enterprise security AI
Reuters63d agoneutral
IBM partners with OpenAI on enterprise security AI

IBM on Monday said it has partnered with OpenAI to integrate frontier AI ‌capabilities into enterprise security workflows, aiming to counter ‌rapidly evolving cyber threats. Shares of the company rose 3.6% in trading ​after the bell. Here are a few details on the partnership: • IBM joined the OpenAI Daybreak Cyber Partner Program and is collaborating with the startup to integrate protective AI tools ‌directly into business operations, ⁠helping companies identify and minimize their security risks.

BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices
Reuters63d agoneutral
BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices

Gas station operators including BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart and Albertsons were sued ‌on Monday by California drivers who accused them of using ‌artificial intelligence to boost prices at the pump. According to a proposed class action, the ​defendants violated California's main antitrust law, the Cartwright Act, by using an AI-based tool that uses data from competing gas stations to "coordinate high prices and wring more money from the pockets of consumers."

Media Consolidation in Its 'Middle Innings': Tom Ara
Bloomberg63d agoneutralVIDEO
Media Consolidation in Its 'Middle Innings': Tom Ara

Tom Ara, Weil, Gotshal & Manges Entertainment, Sport & Media Head, discusses significant mergers and acquisitions in Hollywood during the first half of 2026. Highlighted deals include Fox's $22 billion investment in Roku and Paramount's $110 billion acquisition of Warner Brothers Discovery. Ara explains that the market has shifted from a cautious stance last year to a more confident environment, leading to increased capital deployment and ongoing consolidation in the entertainment sector. He speaks with Romaine Bostick & Katie Greifeld on "The Close."