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Aussie Risks More Losses Versus Kiwi on Rate View, Analysts Say
Bloomberg91d agoneutral
Aussie Risks More Losses Versus Kiwi on Rate View, Analysts Say

(Bloomberg) -- The Australian dollar may have further scope to fall against the kiwi as traders unwind bearish positions in New Zealand’s currency following a hawkish shift from the nation’s central bank, analysts said.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarBerkshire Hat

Regulators Didn’t Speak to US Fund at Heart of Segantii Trial
Bloomberg91d agoneutral
Regulators Didn’t Speak to US Fund at Heart of Segantii Trial

(Bloomberg) -- The insider trading trial of hedge fund Segantii Capital Management enters a critical moment this week, as the prosecution wraps up its side of the case following testimony from an official at Hong Kong’s securities regulator. Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixed Sign

BofA doubles down on cautious S&P 500 view for rest of 2026
TheStreet91d agoneutral
BofA doubles down on cautious S&P 500 view for rest of 2026

There's a difference between owning the market and owning the companies inside it, and most savers never notice the gap until it costs them money. For more than a year, the gap hasn't mattered. The S&P 500 has climbed in a nearly straight line, printing record after record, and the laziest ...

China tightens overseas investment rules after blocking Meta-Manus deal
Reuters91d agoneutral
China tightens overseas investment rules after blocking Meta-Manus deal

China issued sweeping new rules on Monday tightening control of overseas deals that involve Chinese investors, technology, data and national security, a month after Beijing ordered Meta to ‌unwind its acquisition of AI startup Manus. The rules, published by the State Council, or cabinet, will take effect ‌from July 1. One of the most significant articles requires authorisation for exports of restricted Chinese goods, technologies, services or related data.

Quantinuum IPO Demand Surges as Honeywell’s Quantum Unit Eyes $13B Valuation
TipRanks91d agobullish
Quantinuum IPO Demand Surges as Honeywell’s Quantum Unit Eyes $13B Valuation

Quantinuum, the quantum computing company owned by industrial conglomerate Honeywell (HON), is seeing strong demand for its upcoming IPO, according to Bloomberg. The offering is reportedly oversubscribed by a double-digit multiple of the shares available ahead of its expected debut early next month. Quantinuum recently filed to sell 21.05 million Class A shares at an expected price of $45 to $50 each. At the high end, the IPO would raise about $1.05 billion and value the company at roughly $13 b

UAW to Strike at Key General Motors Truck Supplier Plant
The Wall Street Journal91d agoneutral
UAW to Strike at Key General Motors Truck Supplier Plant

Nearly 1,000 workers at a Michigan automotive supplier are set to strike, stalling the production of key parts for General Motors’ midsize and full-size pickup trucks. Workers at the American Axle plant in Three Rivers, Mich. are at an impasse with the company over a new labor contract. Workers say their pay hasn’t recovered from 2008, when they agreed to slash wages in half to keep the plant running during dire economic times, despite high profit at American Axle in recent years on the strength of GM’s truck sales.

Samsung, LG shares rally ahead of Nvidia CEO meetings with Korean executives
Reuters91d agobullish
Samsung, LG shares rally ahead of Nvidia CEO meetings with Korean executives

Shares in Samsung Electronics, LG Electronics and other South Korean tech firms rallied on Monday, as expected meetings between ‌Nvidia CEO Jensen Huang and Korean executives boosted hopes of tie-ups ‌in AI and robotics. Chipmaker Samsung Electronics was also buoyed by data that South Korea's semiconductor exports ​surged to a record high in June on the AI boom, helping the country's total exports post their biggest rise in over four decades. Huang is expected to visit South Korea later this week and meet LG Group Chairman Koo Kwang-mo and ‌other Korean executives, a person ⁠with knowledge of the matter said.

Goldman Sees Two-Sided Risk to Oil as Lower Use Offsets Iran War
Bloomberg91d agoneutral
Goldman Sees Two-Sided Risk to Oil as Lower Use Offsets Iran War

(Bloomberg) -- Goldman Sachs Group Inc. sees two-sided risks to oil prices as a slump in demand competes with supply losses from the Middle East because of the Iran war.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStrait of Hormuz Ship Transits Are Rising Thanks to US HelpA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectAmericans Injured in Iranian Missile Strike on Kuwaiti Air B

Bloomberg91d agoneutral
Gen-Z Gamer’s 3D-Model Startup Becomes China’s Latest AI Unicorn

(Bloomberg) -- Vast, a 3D-modeling startup founded by a 29-year-old gamer, raised nearly $200 million to become the latest Chinese AI outfit to achieve a valuation of $1 billion.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarQatar Says Temporary Hormuz Fee to Clear Mines Is Nego

Berkshire Hathaway to Buy Taylor Morrison for $6.8 Billion
Bloomberg91d agobullish
Berkshire Hathaway to Buy Taylor Morrison for $6.8 Billion

(Bloomberg) -- Berkshire Hathaway Inc. will acquire Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion, the first major purchase under chief executive Greg Abel and a vote of confidence in America’s housing market. Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixed Signals on

Tesla withdraws termination notice on graphite supply deal with Australia's Syrah
Reuters91d agoneutral
Tesla withdraws termination notice on graphite supply deal with Australia's Syrah

June 1 () - Australia's Syrah Resources said on Monday Tesla had withdrawn a notice of intent ‌to terminate a graphite supply deal, ending months ‌of negotiations that saw the two companies extend a resolution deadline ​four times. Syrah aimed to supply 8,000 metric tons of graphite anode materials to electric vehicle maker Tesla over a four-year period from its Vidalia plant in the U.

Tesla withdraws termination notice on graphite supply deal with Australia's Syrah
Reuters91d agoneutral
Tesla withdraws termination notice on graphite supply deal with Australia's Syrah

June 1 () - Australia's Syrah Resources said on Monday Tesla had withdrawn a notice of intent ‌to terminate a graphite supply deal, ending months ‌of negotiations that saw the two companies extend a resolution deadline ​four times. Syrah aimed to supply 8,000 metric tons of graphite anode materials to electric vehicle maker Tesla over a four-year period from its Vidalia plant in the U.

Morgan Stanley flags unexpected Dell stock update after earnings
TheStreet91d agoneutral
Morgan Stanley flags unexpected Dell stock update after earnings

A particular moment in markets does not happen often. It is when a Wall Street firm that called a stock wrong publicly admits it, in plain language, in a research note. Morgan Stanley just had that moment with Dell Technologies (DELL). "We got this one wrong," the firm wrote in a note shared with ...

Nvidia launches new chip to bring AI directly to personal computers
Reuters91d agoneutral
Nvidia launches new chip to bring AI directly to personal computers

Nvidia has unveiled a new chip that puts AI capabilities directly into laptops and desktop computers, pitting it against the likes of Advanced Micro Devices, Intel and Apple. Nvidia CEO Jensen Huang, who is in Taiwan for ‌the Computex conference, said on the Monday that the RTX Spark PC chip is part of Nvidia's effort with Microsoft to "reinvent the PC" for ‌the AI era after three years of collaboration between the companies. The chip, which industry experts said would overhaul engagement with AI, is designed to run AI agents locally rather than relying solely on cloud ​computing.

Nvidia CEO to kick off and dominate Computex gathering in Taipei
Reuters91d agoneutral
Nvidia CEO to kick off and dominate Computex gathering in Taipei

Nvidia boss Jensen Huang will kick off the Computex trade show in Taiwan on Monday with ‌a lengthy speech about AI in which he is expected to expound on ‌his company's latest product efforts as well as the island's central role in the industry. The CEO of the $5 ​trillion chipmaker, who was born in Taiwan's southern city of Tainan, announced plans last week to invest around $150 billion a year in Taiwan, describing it as the epicentre of the AI revolution. The speech is set to begin at 11 a.m. (0300 GMT) at the Taipei Music Hall.

HSBC CEO Pitches HK Clients, Hires More Bankers After Setbacks
Bloomberg91d agoneutral
HSBC CEO Pitches HK Clients, Hires More Bankers After Setbacks

(Bloomberg) -- HSBC Holdings Plc is redoubling efforts to revive its flagging Hong Kong investment banking franchise, deploying its top leadership to win back market share as competition intensifies in Asia’s biggest financial hub.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarQ

Oil Rises From Six-Week Low Amid Uncertainty Over US-Iran Deal
Bloomberg91d agobullish
Oil Rises From Six-Week Low Amid Uncertainty Over US-Iran Deal

(Bloomberg) -- Oil rose from a six-week low amid uncertainty over the outlook for a peace deal to end the war in Iran. Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarQatar Says Temporary Hormuz Fee to Clear Mines Is NegotiableBrent advanced toward $93 a barrel after closing at i