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The Dow Jones Industrial Average added 0.1% while the S&P 500 was up 0.3% and the Nasdaq Composite gained 0.4%. The tail end of a robust first-quarter earnings season, ongoing artificial intelligence strength, and inflation figures roughly in line with expectations were enough to push equities higher today—familiar trends that have helped push the Nasdaq to its best two-month stretch in decades.
Nvidia (NVDA) believes the next battle will take place somewhere altogether different. At GTC Taipei, the firm unveiledRTX Spark, a new Windows platform designed for artificial intelligence agents. Rather than just helping users work faster, Nvidia envisions computers that can also reason through ...
Big tech companies spend enormous sums of money all the time. They buy back stock, pay dividends, make acquisitions, and write checks that would make a defense contractor blush. Most of that spending is legible to investors. You can model it, forecast it, and plug it into a spreadsheet. But there ...
Hewlett Packard Enterprise (NYSE:HPE) reported what executives described as a record fiscal 2026 second quarter, with revenue and earnings exceeding the company’s outlook and management raising its full-year financial targets on stronger demand across networking, cloud and AI. President and Chief E
(Bloomberg) -- It’s been a source of intrigue and confusion among currency traders for years. Just how does China decide each day where it’s going to set its fixing rate for the yuan — a reference point that determines its permitted trading range for the next session?Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStocks Rise on Trump’s I
Nick Bilton was greeted with open hostility from high-profile correspondent Scott Pelley, according to people at the gathering.
What's causing setbacks for Rocket Lab stock's incredible rally?
The AI ecosystem got another boost Monday. Anthropic’s surprise IPO filing and Nvidia’s move into the PC market proved good news for a host of tech names exposed to AI. Among them, ARM Holdings jumped nearly 16% on the belief that Nvidia’s entry into PCs will boost the market share of its basic chip designs that rival the x86 chips made by Intel and AMD.
Credo Technology Group (NASDAQ:CRDO) reported record fiscal fourth-quarter and full-year results, with management pointing to strong demand for artificial intelligence data center connectivity and forecasting another year of rapid growth. Chief Executive Officer Bill Brennan said fiscal 2026 was “a
It's been a busy few days for Berkshire Hathaway CEO Greg Abel, who took over for Warren Buffett Jan 1. On Sunday night Berkshire announced it would buy home builder Taylor Morrison Home Corp. for $6.
DriveNets, an Israeli networking software firm, said it has raised $410 million in its latest funding round led by Bessemer Venture Partners and Atreides Management, taking its total capital-raise so far to $1 billion. New investors AMD and Red Dot Capital joined the round, while existing investors Pitango and D1 Capital Partners also participated. The company would use the proceeds to meet the surging demand for large-scale AI infrastructure, CEO Ido Susan said.
Catch up on the stories we’re following today
Just over a year ago, American Bitcoin did not exist. Today, just 8 months and 3 days after going public, we now own over 7,300 Bitcoin, own nearly 90,000 miners and have quickly become one of the largest dedicated Bitcoin accumulation companies anywhere in the world. The pace at which this team has built American Bitcoin is something I'm incredibly proud of.
A logjam of unsold assets has buyout firms eager to list, but mixed debuts and erratic markets keep windows for new issues narrow.
Sagar Hebbar: Thank you, and welcome to Rackspace Technologies First Quarter 2026 Earnings Conference Call. Joining me today are Gajen Kandiah, our Chief Executive Officer; and Mark Marino, our Chief Financial Officer. Rackspace Technology assumes no obligation to update the information presented on the call, except as required by law.
Gajen Kandiah: Thank you, Sagar. As a result, they are moving beyond isolated AI experiments to operating AI at scale inside core enterprise systems. AI is infusing every workload and as it becomes embedded in customer data, financial systems and regulated processes, where it runs starts to matter.
Alphabet said on Monday it aims to raise $80 billion in equity offerings, which will include an investment deal with Berkshire Hathaway. The Google parent has agreed to sell $10 billion worth of shares to Warren Buffett's Berkshire Hathaway in a private placement, comprising $5 billion in Class A common stock at $351.81 per share and $5 billion in Class C capital stock at for $348.20 per share. "The company is experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company's available supply," Alphabet said.
FedEx’s much-awaited Freight spin-off is finally here, but can newly listed FDXF become the next premium trucking giant?
Investors’ aggressive buying of bullish call options has become yet another indication of just how frothy the U.S. equity market is becoming.
36 % That's how much shares of Hewlett Packard Enterprise gained in afterhours trading Monday after the server and networking company reported a 40% increase in revenue during the second quarter to $10.
Robert Antokol: Good morning, and thank you for joining us. With that context, the headline for me is this Disney Solitaire. This Disney Solitaire has scaled faster than any title in our 15 years history and continues to outperform expectations.
Anthropic, maker of the chatbot Claude, said Monday that it had filed confidential paperwork with federal regulators in preparation for selling its stock to the public. The company is expected to be one of three trillion-dollar debuts on the stock market this year, along with Elon Musk’s rocket and AI venture SpaceX and OpenAI, maker of ChatGPT. SpaceX filed to go public in April and OpenAI is expected to do so soon. (The Washington Post has a content partnership with OpenAI.)Subscribe to The Po
The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite gained 0.4%, both also adding to their previous records set last week. The price for a barrel of Brent crude rose more than 4%, which pushed up Treasury yields and hurt companies with big fuel bills. But strong profit reports from U.S. companies and continued strength for big technology stocks kept Wall Street's momentum going.
There's a Costco in suburbia where someone just bought a sauna. Not a candle that smells like a sauna. An actual cedar box you sit inside and sweat. It rode out on a flatbed cart, behind the same person pushing a regular cart with a rotisserie chicken and a 30-count of paper towels, someone who ...
Kenneth Seitz: Good morning, and thank you for joining us today to review our first quarter results and the outlook for our business. The ongoing Middle East conflict has disrupted global fertilizer and energy markets, resulting in higher global benchmark prices and input costs. Despite heightened geopolitical uncertainty, Nutrien's strategic priorities, capital allocation approach and full year guidance remain unchanged.
The server and networking company pulled forward its long-term financial targets by two years after reporting second-quarter earnings that blew past Wall Street expectations, citing rampant compute demand from customers transitioning to artificial-intelligence tools.
Joining us for today's presentation are the company's CEO, Tom Stepien; and CFO, Ricardo Rodriguez. Please note that this presentation contains forward-looking statements, including, but not limited to, statements regarding our financial and business performance, our business strategy, future product development or commercialization, new customer adoption and new applications, our growth and the growth of the markets in which we operate and the timing and ability of Amprius to expand its manufacturing capacity, scale its business and achieve a sustainable cost structure.
AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up a watershed moment for Wall Street's AI frenzy. Tech stocks continue to lead the Nasdaq Composite and S&P 500 in a record-breaking market rally, while Elon Musk's SpaceX is set to price its IPO this month and Anthropic rival OpenAI, led by Sam Altman, is waiting on deck. U.S. stocks were mixed on Monday afternoon, with the Nasdaq up 0.3%, the S&P 500 up 0.1% and the Dow industrials off 0.3%.
Anthropic has taken its first formal step toward a public listing, confidentially submitting a draft S-1 registrati...
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