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What’s News: Business & Finance
The Wall Street Journal108d agoneutral
What’s News: Business & Finance

WHATS NEWS BUSINESS FINANCE A jury rejected Elon Musk’s claims against OpenAI, finding that he brought his lawsuit against the company and Chief Executive Sam Altman after the statute of limitations expired.

US Yields Flirting With 2007 Highs Entice and Divide Investors
Bloomberg108d agoneutral
US Yields Flirting With 2007 Highs Entice and Divide Investors

(Bloomberg) -- A surge in longer-maturity US Treasury yields is testing the resolve of global bond investors torn between the possibility of locking in the rates near to the highest levels in decades and the risk of an even greater selloff.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersBillionaire Rinehart Bets $100 Million on US Defense StocksStocks and Oil Whipsaw on Mixed US-Iran Signals: Markets WrapTrump Says Holding Off on New Iran Strikes After Gulf Appe

Asian shares trade mixed and Kospi falls nearly 4% as oil prices keep swinging
Associated Press108d agoneutral
Asian shares trade mixed and Kospi falls nearly 4% as oil prices keep swinging

Asian shares were mixed Tuesday as uncertainty about what will happen with the Iran war roiled global markets. Japan's benchmark Nikkei 225 lost 0.6% in morning trading to 60,433.79, erasing initial gains after the government reported that the economy grew for the second straight quarter in January-March, mainly due to better than expected consumer spending. Shares in Samsung Electronics slipped 3.8% and SK Hynix fell 4%, tracking losses in tech shares overnight on Wall Street.

Jim Cramer has a surprising take on Elon Musk's OpenAI loss
TheStreet108d agoneutral
Jim Cramer has a surprising take on Elon Musk's OpenAI loss

Some courtroom wins look better on the scoreboard than on the balance sheet. Wall Street has watched two of them play out in the last quarter-century, from the antitrust case that hobbled Microsoft in 2001 to the one that hung over Google for most of the 2020s, and in both cases the supposed loser ...

Seagate Slips as CEO Says New Factories ‘Take Too Long’
Bloomberg108d agoneutral
Seagate Slips as CEO Says New Factories ‘Take Too Long’

(Bloomberg) -- Seagate Technology Holdings shares fell 6.9% Monday in its worst one-day drop in nearly two months after management comments at a JPMorgan conference sparked investor fears that the company won’t be able to keep up with soaring demand for memory chips. Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersBillionaire Rinehart Bets $100 Million on US Defense StocksStocks and Oil Whipsaw on Mixed US-Iran Signals: Markets WrapElon Musk Loses Case Against S

Tesla makes necessary change fans are going to hate
TheStreet108d agoneutral
Tesla makes necessary change fans are going to hate

Coming off a year where the company posted its first-ever annual revenue loss, 2026 was always going to be pivotal for Tesla. While CEO Elon Musk told investors that the company would focus on autonomy and humanoid robots this year, car sales account for 73% of Tesla's revenue. When combined with ...

BofA resets Salesforce stock price target with sobering AI verdict
TheStreet108d agoneutral
BofA resets Salesforce stock price target with sobering AI verdict

Salesforce (NYSE: CRM) just picked up one of the more unusual analyst calls of 2026, and it landed at a price the market wasn't ready for. Bank of America analyst Tal Liani reinstated coverage of Salesforce on May 18 with an Underperform rating and a $160 price target, Yahoo Finance reports. The ...

Samsung, labour union meet again as Seoul threatens to intervene to block strike
Reuters108d agoneutral
Samsung, labour union meet again as Seoul threatens to intervene to block strike

Samsung Electronics and its South Korean labour union began another round of talks on Tuesday to break an impasse in bonus negotiations, ‌after dialogue on Monday did not produce an agreement. The two sides are under mounting pressure ‌to avert an imminent strike that threatens to hurt the Korean economy and chip production, but remained far apart during the ​government-mediated pay talks on Monday. Media reports said on Tuesday, citing the chairman of the National Labor Relations Commission that Samsung and the labour ‌union are narrowing some differences.

Citi revamps AMD stock price target ahead of key announcement
TheStreet108d agoneutral
Citi revamps AMD stock price target ahead of key announcement

The headline from Citi's May 18 semiconductor note focused on Intel. The $130 price target on a stock that was trading near $107 was the number that traveled. But buried in the same note was a call on a different chipmaker that carries a disclosure most investors have not yet processed. That ...

Bank of America resets ServiceNow stock price target sharply
TheStreet109d agoneutral
Bank of America resets ServiceNow stock price target sharply

Wall Street sometimes loves to misread particular kinds of stocks. And it is always the ones that look disrupted from the outside but are actually getting more deeply embedded on the inside. ServiceNow (NOW) has spent much of 2026 carrying that misread. The stock fell roughly 38% year to date the ...

Home Depot, CAVA earnings, Housing data top Tuesday watchlist
Yahoo Finance Video109d agoneutralVIDEO
Home Depot, CAVA earnings, Housing data top Tuesday watchlist

Asking for a Trend, host Josh Lipton breaks down the top stories investors will be watching on Tuesday, May 19.On the earnings front, Home Depot (HD) reports quarterly results before the bell, followed by Toll Brothers (TOL) and CAVA (CAVA) after the close.Investors will also be watching fresh housing data with the release of the latest Pending Home Sales report.

OpenAI whistleblower ditches Nvidia, AMD for crypto miners
TheStreet109d agoneutral
OpenAI whistleblower ditches Nvidia, AMD for crypto miners

Leopold Aschenbrenner is putting serious money against AI leaders. The former safety researcher, who was fired from OpenAI in 2024, has revealed in the latest 13F filing that his fund Situational Awareness LP has more than doubled its disclosed equity exposure in the first quarter of ...