Nvidia and South Korea's SK are expected to announce a plan for cooperation between the two companies on Monday, with the boss of the U.S. chipmaker saying that the ongoing memory shortage would persist for "quite a few years". A spokesperson for SK Hynix said group chairman Chey Tae-won and Nvidia CEO Jensen Huang plan to brief media about the plan on Monday morning, confirming a report by Newsis. Huang separately said that Nvidia could make announcements with SK on Monday.
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(Bloomberg) -- A government tender in Argentina underscored tensions between Washington and Beijing in Latin America as President Javier Milei’s administration awarded a 25-year contract to upgrade a key trade artery to a venture with a history of ties to China.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryBecerra Advances for California Governor as Hilton Fights SteyerSpaceX Inks $30
The long-term growth potential of the stock compares poorly to Elon Musk's other company, Tesla, for one key reason.
(Bloomberg) -- Big-name investors are staking out a contrarian stance before Thursday’s European Central Bank meeting.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryBecerra Advances for California Governor as Hilton Fights SteyerSpaceX Inks $30 Billion Computing Power Deal With GoogleUS Forces See Nearly 1,000 Hormuz Crossings Since CeasefireJPMorgan Asset Management argues that lacklus
More employers are requiring weigh-ins, app tracking and health coaching before approving GLP-1s for losing weight—or dropping coverage altogether.
Millions of Social Security recipients could see larger checks. Here's how.
Investing.com -- Tesla (NASDAQ: TSLA) is making progress in autonomous driving, but Waymo remains the clear leader in commercial robotaxi operations, according to a Barclays research note.
Investing.com -- Domino’s Pizza (NYSE: DPZ) and Casey’s General Stores (NASDAQ: CASY) are emerging as the biggest winners in the battle for pizza market share, according to a Bank of America analysis of the U.S. quick-service restaurant pizza market.
Broadcom (AVGO) stock closed the June 4 trading session down 12.59% at $418.91. The stock took a tumble following the release of the second-quarter (Q2) fiscal year 2026 (FY26) earnings report on June 3, and lost about $280 billion in market value, according to Yahoo Finance. The stock is up 21.04% ...
Carbonate fuel cell technology developer FuelCell Energy (NASDAQ:FCEL) will be reporting results this Monday before market open. Here’s what investors should know.
There is an old idea that a person's home is their castle, and that the threshold of a front door marks the line between the public world and the private one. For most of human history, crossing that line meant being seen by, at most, whoever happened to be standing there. That line has quietly ...
Bloomberg Philanthropies is launching a new $90 million program that includes a partnership with Ford, which is contending with a shortage of mechanics at its dealerships.
Mastercard and Visa are suspending transactions, hotel operators are pulling out and a major Canadian miner is rethinking its presence on the island.
Americans are losing more money to scams, and fraudsters are getting better at making their messages look and sound familiar. In 2025, the Federal Trade Commission received 3 million fraud reports from consumers, who reported $15.9 billion in losses. That was a sharp increase from the ...
Eli Lilly's (LLY) chairman and CEO Dave Ricks told German business newspaper Handelsblatt that Lilly would halve its planned investment in Germany, cutting its original 2.3 billion euro ($2.67 billion) commitment by roughly 50%. Reuters reported the announcement on June 3, 2026. The pullback lands ...
The company took an unconventional route in setting its share price.
Some quarters validate a thesis, and others rewrite it entirely. CrowdStrike (CRWD) just delivered the latter. The 15-year-old cybersecurity goliath reported first-quarter fiscal 2027 results on June 3 that beat expectations across every guided metric, raised full-year guidance meaningfully, and ...
Mary Daly just issued a stark warning to AI stock investors in a recent sit-down interview with Bloomberg. Daly argues that the broader story remains promising, but clearly the proof is still incomplete. The San Francisco Fed president laid out the case that businesses are clearly spending, ...
(Bloomberg) -- Sriram Krishnan, a top White House adviser on artificial intelligence, is stepping down from the post.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX Inks $30 Billion Computing Power Deal With GoogleSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PA former Andreessen Horowitz partner, Krishnan was
(Bloomberg) -- Credit heavyweights like DoubleLine Capital LP and Oaktree Capital Management are buying debt now that can perform well if the artificial intelligence boom turns into a credit bust.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX Inks $30 Billion Computing Power Deal With GoogleSpaceX, Other Mega IPOs D
There is an old belief in business that the safest way to protect something is to build every piece of it yourself. Own the factory, write the software, design the silicon, and that way no rival can ever pull the rug out from under you. Apple (AAPL) turned that belief into something close to a ...
The indexes are taking two different approaches to the blockbuster IPO.
Motorola and Axon are quickly becoming the No. 1 and No. 2 investments in their public safety niche.
Google has signed a $30 billion deal to lease computing power from SpaceX, paying $920 million per month through June 2029. The move came after SpaceX acquired xAI in February 2026, gaining massive data centres. The deal precedes SpaceX’s highly anticipated IPO next week.View on euronews
Every major technology and telecom company has been talking about AI and workforce efficiency for two years. Most of them have been careful about how specific they get. Dan Schulman just got specific. The Verizon (VZ) CEO told Bloomberg that artificial intelligence could replace "a large ...
There were some clunkers and expected early stumbles. By and large, though, most have done pretty well.
Walmart (NYSE:WMT) trades at $116.89, with the post-earnings pullback offering a more attractive entry into a defensive retailer whose digital flywheel keeps accelerating against a sticky inflation backdrop. Walmart runs the world’s largest brick-and-mortar retail footprint, spanning 10,900+ stores across 19 countries and serving roughly 280 million weekly customers. It also operates Sam’s Club, Walmart ... Buy, Hold, or Sell: Walmart Makes Sense as a Buy at $115
During the Covid pandemic, when nobody was leaving the house and life was happening over Zoom, a lot of people reduced their spending by virtue of having no place to go. But one category remained strong even as consumers were cutting back elsewhere — beauty. The beauty category has ...