May 21 () - JPMorgan will likely hire more artificial intelligence specialists and fewer traditional bankers, CEO Jamie Dimon told Bloomberg News in an interview published late Wednesday. Here are some details: • "There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive," Dimon said in a Bloomberg Television interview at the bank's China Summit in Shanghai.
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Stocks were on track to rise Thursday as investors digested strong results from artificial intelligence chip maker Nvidia and hoped for progress in the peace talks between the U.S. and Iran. The three major indexes snapped a three-session losing streak on Wednesday after President Donald Trump said the U.S. was in the final stage of negotiations with Iran to end the war in the Middle East. Moves early Thursday suggest that the market has concluded that Nvidia’s first-quarter earnings were good, but not good enough to keep the AI rally going.
Data from Stocktwits shows that retail sentiment remained ‘extremely bullish’ on SPY and QQQ.
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Manus co-founders are weighing ways to comply with China's order to unwind Meta's $2 billion-plus acquisition of the AI startup, Bloomberg News reported on Thursday. Founders Xiao Hong, Ji Yichao and Zhang Tao are exploring options, including raising about $1 billion from external investors to buy their way back, the report said citing people familiar with the matter. They are discussing a funding round that would value the company at a level to match what Meta paid to buy Singapore-based Manus, the report added.
By Alexandra Alper and Stephen Nellis WASHINGTON, May 21 (Reuters) - The Trump administration on Thursday plans to launch a new program to entice foreign firms to buy U.S.
In a blockbuster deal, NextEra Energy will acquire Dominion for nearly $67 billion.
SpaceX’s S-1 just handed legacy defense investors a number they cannot ignore. And you can bet they won’t. In 2025, roughly one-fifth of SpaceX revenue came from U.S. federal agencies, primarily NASA, the Department of War, the General Services Administration, and certain Intelligence Community agencies, focused on launch services, spacecraft development, satellite deployment, and artificial ... One-Fifth of SpaceX Revenue Comes From Uncle Sam: The Defense Contractors That Should Worry
Around Samsung Electronics' sprawling chip complex southwest of Seoul, workers and residents have met news of a last-gasp pay agreement to prevent a strike with both relief and concern. The tentative pay deal has sparked relief in South Korea, given Samsung's importance to the economy, while raising hopes among businesses in the neighbourhood around the complex. "If employees receive performance bonuses as a result of this general strike, I think restaurants near Samsung will benefit greatly, including through company dinners and group meals,” said Lee Se-hee, who owns a fine dining restaurant in Pyeongtaek, a city of around 650,000 people.
Since May 2021, the S&P 500 has delivered a total return of 79.9%. But one standout stock has more than doubled the market - over the past five years, BNY has surged 169% to $136.58 per share. Its momentum hasn’t stopped as it’s also gained 27% in the last six months thanks to its solid quarterly results, beating the S&P by 15.5%.
Target says Q1 results validate its refreshed strategy -- sales up 6.7%, traffic up 4.4% -- as it boosts category bets and raises outlook.
(Bloomberg) -- The co-founders of Manus are exploring options to fulfill Beijing’s demand to unwind a controversial takeover by Meta Platforms Inc., including raising about $1 billion from external investors to buy back the Chinese-founded AI operation. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors A
Something far more sinister looms large and will immediately test the new head of the Federal Reserve.
AST SpaceMobile gained attention after SpaceX identified the company as a competitor in satellite-to-mobile connectivity.
(Bloomberg) -- Samsung Electronics Co. could distribute about 40 trillion won ($26.6 billion) to chip employees as a bonus for this year after the company struck a last-minute deal with labor unions to avert a strike.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockSpaceX Shows $4.3 Billion Loss as Musk Targets Record IPOIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells S
(Bloomberg) -- Global stockpiles of crude oil and products are being drawn down at a record pace this month as the war in the Middle East drags on, curtailing supplies, according to Goldman Sachs Group Inc.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockSpaceX Shows $4.3 Billion Loss as Musk Targets Record IPOIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical In
AT&T (T) filed a lawsuit against California to stop offering traditional copper-wire telephone servi
(Bloomberg) -- The latest report from Nvidia Corp. may have left its investors wanting more but it gave a jolt to the shares of a broad swath of Asian tech companies. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockSpaceX Shows $4.3 Billion Loss as Musk Targets Record IPOIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI Is Ready to Go MainstreamA B
Wednesday brought a bevy of tech news, from the posting of SpaceX's IPO filing to updates on Nvidia, Anthropic and OpenAI. For the rest of the week, focus turns to the American consumer with Walmart earnings and Friday's swearing in of Kevin Warsh as the new Federal Reserve chair.
Meanwhile, OpenAI has been working with bankers to prepare its own IPO filing in the coming days or weeks, the Wall Street Journal reported Wednesday. Stocks moved higher and the global bond selloff took a breather as investors latched onto hopeful signs from the Iran talks. Benchmark U.S. crude oil prices declined 5.7%.
The world's most valuable company beat forecasts as revenues jumped 85%. Yet rising competition and efforts to diversify beyond big tech left investors cautious, sending shares lower in late trading.View on euronews
By Summer Zhen and Jiaxing Li HONG KONG, May 21 (Reuters) - Hedge fund managers say they are targeting investments this year in companies from AI-linked data centres and printed circuit board (PCB)
Kevin Foley, Co-Head of Global Investment Banking at JPMorgan, says deal-making activity remains strong globally despite the higher rates environment and inflationary pressures. He expects IPO activity to grow significantly in Hong Kong and mainland China, particularly in the AI and healthcare sectors. He spoke exclusively with Bloomberg's Haslinda Amin on the sidelines of the JPMorgan Global China Summit.
The U.S. chip maker said it will use the investment to expand strategic partnerships in Taiwan and scale advanced packaging capability for AI infrastructure.
Advanced Micro Devices said on Thursday it would invest more than $10 billion across Taiwan's AI ecosystem and widen strategic partnerships as it looks to expand its manufacturing capabilities. The U.S. chip firm will collaborate with Taiwanese firms ASE and SPIL to develop more power-efficient technology for AI systems and processors, it said in a statement.
(Bloomberg) -- Jamie Dimon said interest rates may climb much higher from current levels, a warning to bond investors at a time when yields have touched multi-year highs. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockSpaceX Shows $4.3 Billion Loss as Musk Targets Record IPOIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI Is Ready to Go Mainstrea
It all comes down to whether you trust management to deliver its long-term turnaround plan.
Munster said Nvidia and SpaceX together could have a combined $7 trillion market cap.
(Bloomberg) -- The windfall earned by Asian chip makers is coursing through the world economy, mirroring on a global scale the circular flow of money within the AI ecosystem.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockSpaceX Shows $4.3 Billion Loss as Musk Targets Record IPOIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI Is Ready to Go Mainst