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Circular AI Boom Goes Global as Asia Windfall Funds Hyperscalers
Bloomberg108d agobearish
Circular AI Boom Goes Global as Asia Windfall Funds Hyperscalers

(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

Oil Edges Up After Plunging on Optimism Over US-Iran Agreement
Bloomberg108d agobearish
Oil Edges Up After Plunging on Optimism Over US-Iran Agreement

(Bloomberg) -- Oil inched higher after plummeting on Wednesday, as President Donald Trump said the US is in the “final stages” with Iran.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 Filing Reveals $4.28 Billion Loss, Musk’s Tight GripIran Threatens to Retaliate Beyond Middle East If US AttacksHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranBrent neared $106 a barrel af

US energy storage additions hit a first-quarter record, report shows
Reuters108d agoneutral
US energy storage additions hit a first-quarter record, report shows

U.S. energy storage developers installed 9.7 gigawatt-hours of new capacity in the first quarter of 2026, marking a record ‌high for the quarter, an industry report showed on Thursday. Energy storage ‌capacity grew 32% in the quarter from a year ago despite federal actions the industry ​says are slowing clean energy development, the report by the Solar Energy Industries Association (SEIA) and Benchmark Mineral Intelligence said. The SEIA said the demand is being driven by data centers, volatile electricity prices and disruptions to global gas and gas ‌turbine supplies.

Samsung shares soar as strike averted, but bonuses of $416,000 for some stoke concern
Reuters108d agobullish
Samsung shares soar as strike averted, but bonuses of $416,000 for some stoke concern

Samsung Electronics' shares surged on Thursday after it clinched an 11th-hour deal with its South Korean union to ‌avert a strike, although the terms which included bonuses of around $416,000 for some workers ‌gave rise to some concern. A planned 18-day strike by some 48,000 union members has now been suspended, while the agreement, which ​was mediated by the government, is put to a vote between May 22 and May 27. The deal sparked relief across South Korea.

Jamie Dimon on Bond Market, Inflation and Equities
Bloomberg108d agoneutralVIDEO
Jamie Dimon on Bond Market, Inflation and Equities

CEO of JPMorgan Chase Jamie Dimon speaks exclusively with Bloomberg's Haslinda Amin about the rout in bond markets, the risk of heightened inflation, and why corporate earnings remain so high.

SpaceX Reveals $1 Billion Bitcoin Holdings Ahead Of Historic IPO — Here's How Much The Elon Musk-Led Company Paid For Its Coins
Benzinga108d agoneutral
SpaceX Reveals $1 Billion Bitcoin Holdings Ahead Of Historic IPO — Here's How Much The Elon Musk-Led Company Paid For Its Coins

SpaceX, the space exploration company led by Elon Musk, disclosed in its IPO filing on Wednesday that it holds more than $1 billion in Bitcoin (CRYPTO: BTC) on its balance sheet. More Details About BTC’s Reserves The company disclosed 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. At current prices, this stash would be worth $1.45 billion. The total cost basis of these holdings was reported at $661 million, implying an average acquisition cost of around $35,324 p

Analysts reset Broadcom stock price target
TheStreet108d agoneutral
Analysts reset Broadcom stock price target

Broadcom (AVGO) stock closed the May 19 trading session at $411.07, or 6.5% lower compared to its highest-ever closing price of $439.79 on May 14, according to Yahoo Finance. The drop happened despite several analyst upgrades. Wells Fargo and TD Cowen both raised their price targets. Wells Fargo ...

Samsung Reaches Tentative Deal With Union
Bloomberg108d agoneutralVIDEO
Samsung Reaches Tentative Deal With Union

South Korean stocks rallied after Samsung Electronics Co. reached a tentative deal with its labor union, defusing the threat of an imminent strike at the world's largest memory chipmaker.

Michael Burry buys beaten-down, forgotten fintech stock
TheStreet108d agobullish
Michael Burry buys beaten-down, forgotten fintech stock

While the rest of the market has been chasing AI, Michael Burry spent his Monday evening on Substack explaining why he has been buying the stocks everyone else is ignoring. He has a name for what he is seeing. And it is not a phrase Wall Street has used before. Burry disclosed in a Substack post on ...

Asian shares surge after oil prices slip and Wall Street resumes its AI rally
Associated Press108d agobullish
Asian shares surge after oil prices slip and Wall Street resumes its AI rally

Shares rallied Thursday across Asia, tracking gains on Wall Street after pressure from the bond market eased and oil prices fell back. The advance was also powered by a stronger-than-expected quarterly report from chipmaker Nvidia, whose profit rocketed more than 200% higher in the February-April quarter from a year earlier, while revenue jumped 85%. Nvidia has been one of the biggest beneficiaries from the boom in artificial intelligence, thanks to powerful demand for its high-end AI chips.

Samsung Reaches 11th-Hour Deal With Union to Avoid Strike
Bloomberg108d agoneutral
Samsung Reaches 11th-Hour Deal With Union to Avoid Strike

(Bloomberg) -- In a last-minute reversal, Samsung Electronics Co. reached a tentative deal with its labor union, averting a potentially crippling strike that had been scheduled to start Thursday at the world’s largest memory chipmaker.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 Att

Tokyo Electron's Taiwan unit says it will not appeal ruling in TSMC trade secrets case
Reuters108d agoneutral
Tokyo Electron's Taiwan unit says it will not appeal ruling in TSMC trade secrets case

Tokyo Electron's ‌Taiwan unit ‌told Reuters in a ​written response on Thursday that it respects the ‌judicial process, ⁠takes the court ruling seriously ⁠and will not appeal ​in the ​TSMC ​trade secret ‌case. In April, a Taiwan court fined the Taiwan unit of Japan's ‌Tokyo Electron ​T$150 million ($5 ​million) ​in a ‌case involving trade ​secrets ​related to TSMC's sensitive chip ​technology. (Reporting ‌by Wen-Yee Lee; ​Editing by ​Kim Coghill)

SpaceX reveals Musk company links, from Cybertrucks and jets to stock investments
Reuters108d agoneutral
SpaceX reveals Musk company links, from Cybertrucks and jets to stock investments

SpaceX's IPO filing revealed extensive commercial and financial ties among Elon Musk's companies ranging from Cybertruck purchases and shared private jets to stock investments, showing how deeply intertwined his business ‌empire has become ahead of what could become the largest IPO in history. While many of the billionaire's companies ‌have long collaborated, the filing contains previously undisclosed details about how they now form a network bound by commercial agreements, financing obligations and operational dependencies ​spanning AI, transportation, communications and infrastructure. The disclosures on Wednesday showed rapidly expanding transactions among SpaceX, electric vehicle maker Tesla, artificial intelligence company xAI and social network X ahead of a planned SpaceX IPO targeting a valuation of about $1.75 trillion.

Morgan Stanley resets Take-Two stock price target before GTA VI release
TheStreet108d agoneutral
Morgan Stanley resets Take-Two stock price target before GTA VI release

Morgan Stanley is bullish on Take-Two Interactive (TTWO), as investors now have a clear release date of Nov. 19, 2026, for the company’s long-awaited Grand Theft Auto VI release. Specifically, the firm's analysis of past major game launches, as the Globe and Mail reported, shows that game publisher ...