Best Buy (NYSE:BBY) is partnering with Meta to open hands-on Meta Lab experiences in more than 50 stores, giving shoppers direct access to AI and VR products. The company is also rolling out GEEKOM Mini PCs in stores, expanding beyond their prior online focused availability. Both moves highlight a push toward in store experiential tech and compact computing options for customers. For investors wat...
Best Buy (NYSE:BBY) is partnering with Meta to open hands-on Meta Lab experiences in more than 50 stores, giving shoppers direct access to AI and VR products. The company is also rolling out GEEKOM Mini PCs in stores, expanding beyond their prior online focused availability. Both moves highlight a push toward in store experiential tech and compact computing options for customers. For investors watching NYSE:BBY, these product and in store changes sit against a share price of $77.1. The...
Never miss an episode. Follow The Big Take daily podcast today. SpaceX went public today, with the largest IPO in history. Following months of buildup, shares opened at $150 and were trading at $161.11 at market close. On today’s Big Take podcast, host David Gura sits down with Bloomberg Tech’s Ed Ludlow to discuss the record-breaking deal and what it means for Elon Musk, everyday investors and ot...
Never miss an episode. Follow The Big Take daily podcast today. SpaceX went public today, with the largest IPO in history. Following months of buildup, shares opened at $150 and were trading at $161.11 at market close. On today’s Big Take podcast, host David Gura sits down with Bloomberg Tech’s Ed Ludlow to discuss the record-breaking deal and what it means for Elon Musk, everyday investors and other companies on the brink of going public. This is a developing story. We are live blogging at Bloomberg.com with the latest from across the globe. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Listen and follow The Big Take on Apple Podcasts , Spotify or wherever you get your podcasts. Terminal clients: Visit NSUB to subscribe. This episode was produced by: Julia Press; Editors: Paddy Hirsch and Jeffrey Grocott; Fact-checker: Rachael Lewis-Krisky; Sound Design/Engineer: Alex Sugiura; Senior Producer: Naomi Shavin; Senior Editor: Elisabeth Ponsot; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.
Jeff Bezos is back in the headlines with a private-market raise for his industrial AI startup, Prometheus. The company just closed a $12 billion Series B at a $41 billion valuation, only about six months after emerging from stealth with $6.2 billion in funding. The new round was led by JPMorgan Chase (NYSE:JPM), Goldman Sachs ... Jeff Bezos’ New Venture Just Raised $12 Billion. He’s Betting AI Wil...
Jeff Bezos is back in the headlines with a private-market raise for his industrial AI startup, Prometheus. The company just closed a $12 billion Series B at a $41 billion valuation, only about six months after emerging from stealth with $6.2 billion in funding. The new round was led by JPMorgan Chase (NYSE:JPM), Goldman Sachs ... Jeff Bezos’ New Venture Just Raised $12 Billion. He’s Betting AI Will Create a Physical Labor Shortage.
President Trump has canceled planned strikes in Iran, claiming, once again, that a peace deal is near. This is just the latest salvo in a series of whiplash proclamations when it comes to the U.S.-Israel-led war in Iran.
President Trump has canceled planned strikes in Iran, claiming, once again, that a peace deal is near. This is just the latest salvo in a series of whiplash proclamations when it comes to the U.S.-Israel-led war in Iran.
In this video, I will cover Adobe's (NASDAQ: ADBE) latest earnings report and the more serious threat that keeps dragging the stock lower. Watch the short video to learn more, consider subscribing, and click the special offer link below.
In this video, I will cover Adobe's (NASDAQ: ADBE) latest earnings report and the more serious threat that keeps dragging the stock lower. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Michael Burry highlighted on his Substack on Friday that the stock market continues to punish the stocks of large, well-established businesses with significant owners earnings, little debt, and large buybacks, which are accretive to intrinsic value per share at current levels. He noted the companies are suffering due to AI capital flows as well as to extrapolated maximum-AI scenarios that are seen...
Michael Burry highlighted on his Substack on Friday that the stock market continues to punish the stocks of large, well-established businesses with significant owners earnings, little debt, and large buybacks, which are accretive to intrinsic value per share at current levels. He noted the companies are suffering due to AI capital flows as well as to extrapolated maximum-AI scenarios that are seen as unlikely. Burry added to his position in Adobe ( ADBE ) as he pointed to deep value, with the company's gross margin rate near the all-time highs. He also snapped up more shares of Alibaba ( BABA ), PayPal ( PYPL ), and Veeva Systems ( VEEV ). On Alibaba ( BABA ): "It is the most advanced company in China as far as AI strategy goes, and it has been buying back stock. The value continues to accrete to common shareholders even if the market does not reward such accretion of late. The stock is well off recent highs. When the time comes, the stock will launch fast and fly high. I continue to hold other Hong Kong stocks as well." On PayPal ( PYPL ): "Same chart metrics/color scheme as above. Management turnover is hurting the stock as well. Has to look attractive to both PE firms and strategic acquirers at this level, 7-8x earnings, and buying back stock hand over fist. The market has been attending PayPal’s wake for years now, though the body has yet to show." On Veeva Systems ( VEEV ): "It has come back to lows, with its price/earnings and price/sales far below historical levels. The Salesforce threat is only relevant to a small part of its business. The significance has been far overstated." More on Burry's favorites Adobe: The Post-Earnings Selloff Is A Massive Opportunity Adobe Inc. 2026 Q2 - Results - Earnings Call Presentation Adobe: Do Not Touch This AI Show-Me Story Adobe's leadership transitions and freemium push create uncertainty: analysts Alibaba bids $1.5B for China grocer Pupu in fight with Meituan: report
A shooter who opened fire in the West Texas city of Midland died on Friday after a stand-off with police following an attack that left one person dead and at least nine others injured, city officials said. The suspect, 45-year-old Victor Mata Villarreal, had shot at police just days earlier during a chase and was already being sought by authorities when he began firing at officers and bystanders i...
A shooter who opened fire in the West Texas city of Midland died on Friday after a stand-off with police following an attack that left one person dead and at least nine others injured, city officials said. The suspect, 45-year-old Victor Mata Villarreal, had shot at police just days earlier during a chase and was already being sought by authorities when he began firing at officers and bystanders in Midland, according to the Texas Department of Public Safety. Police were called to the area after...
Aleksandra Aleshchenko/iStock via Getty Images The United Arab Emirates plans to provide at least $10B to Iran, according to Reuters Citing sources, the news service said that the figure could grow to as much as $20B. More than $3B has already been released. The deal was made in exchange for Iran agreeing not to attack the Gulf state. The money is coming from frozen Iranian oil revenues. More on m...
Aleksandra Aleshchenko/iStock via Getty Images The United Arab Emirates plans to provide at least $10B to Iran, according to Reuters Citing sources, the news service said that the figure could grow to as much as $20B. More than $3B has already been released. The deal was made in exchange for Iran agreeing not to attack the Gulf state. The money is coming from frozen Iranian oil revenues. More on markets Are Technology Stocks Still Going Parabolic June 2026 Trading Outlook: Fiscal Flows, Oil, Bank Credit, And Fed Interest Rates A Short-Term Liquidity Boost May Be Coming To Markets Wall Street finished higher as SpaceX's debut grabbed investor attention How to remove Iran's enriched uranium still needs hashing out - report
imaginima/E+ via Getty Images The number of oil and gas rigs actively drilling in the U.S. fell by 1 to 562, declining for the first time after seven straight weeks of gains, Baker Hughes said Friday in its latest weekly report . The number of active drilling rigs targeting crude oil in the U.S. rose by 2 to 433 in the week ended June 12, up for an eighth consecutive week and its highest count sin...
imaginima/E+ via Getty Images The number of oil and gas rigs actively drilling in the U.S. fell by 1 to 562, declining for the first time after seven straight weeks of gains, Baker Hughes said Friday in its latest weekly report . The number of active drilling rigs targeting crude oil in the U.S. rose by 2 to 433 in the week ended June 12, up for an eighth consecutive week and its highest count since June 2025, while gas rigs dropped by 3 to 121, the lowest since last October, and 8 rigs were classified as miscellaneous. The total rig count was up by 7 compared to this time last year, while active oil rigs came in 6 below and gas rigs were 8 above year-ago levels. Active drilling rigs in the Permian Basin shed 1 to 256, 17 rigs below a year ago, and the count in the Eagle Ford remained 44, 4 more than the same time last year. ETFs: ( USO ), ( UCO ), ( SCO ), ( USL ), ( DBO ), ( DRIP ), ( GUSH ), ( USOI ), ( UNG ), ( BOIL ), ( KOLD ), ( UNL ), ( FCG ) More on crude oil Energy Markets Remain Complacent Despite Significant Supply Shock UCO vs. USO And BNO: Tactical Leveraged Hedge For Oil Inventory Cliff The Strait Of Hormuz Will Be A Positive For Oil Prices For A Long Time To Come
Welcome to ETF IQ, a weekly newsletter dedicated to the $22 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld . Pony Up The ETF industry is likely getting a little bit more expensive for asset managers and investors alike. Fidelity Investments made waves back in 2024 with its decision to charge issuers to list on its brokerage platform. Currently, the criteria is ...
Welcome to ETF IQ, a weekly newsletter dedicated to the $22 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld . Pony Up The ETF industry is likely getting a little bit more expensive for asset managers and investors alike. Fidelity Investments made waves back in 2024 with its decision to charge issuers to list on its brokerage platform. Currently, the criteria is issuers must pay an asset-based fee to list, or pass that cost along to the end investor in the form of a 5% service fee (capped at $100 per buy order). Charles Schwab recently broadcast plans to take a similar route, with Chief Executive Officer Rick Wurster saying on the company’s April earnings call that the firm plans to have “an ETF monetization strategy in place” by the end of 2026. As of June 1, more than 100 ETFs are subject to Fidelity’s service fee, according to its website. Notably, that list now includes the outrageously popular Roundhill Memory ETF (ticker DRAM), which has amassed nearly $17 billion in assets after launching in early April. While mutual funds have long ponied up to brokerage platforms, it’s a relatively new phenomenon in the ETF industry. “The decision to harmonize some of our fee policies comes as our level of support and service for ETFs across the industry is growing rapidly,” a Fidelity spokesperson said in an emailed statement. Still, it’s an unpleasant decision for ETF issuers to make: either eat the cost for shelf space themselves, or pass that fee along to end investors. For the ETFs on Fidelity’s list, those firms seemed to have picked the latter option. In the eyes of Perth Tolle, founder of Life + Liberty Indexes, the new fees stand to hurt smaller issuers, crimping innovation in the process. Additionally, you could see fund expense ratios across the ETF industry rise as asset managers have to factor in platform fees, she said. “It will drive up the costs for the entire industry. That’s why I don’t want to see the industry going this...
Peach_iStock Wall Street traded higher on Friday as investors focused on the highly anticipated public debut of SpaceX ( SPCX ), with enthusiasm surrounding the offering helping support gains across major U.S. equity indexes. The blue-chip Dow Jones Industrial Average ( DJI ) advanced +0.7%, while the benchmark S&P 500 ( SP500 ) gained +0.5%. At the same time, the technology-heavy Nasdaq Composite...
Peach_iStock Wall Street traded higher on Friday as investors focused on the highly anticipated public debut of SpaceX ( SPCX ), with enthusiasm surrounding the offering helping support gains across major U.S. equity indexes. The blue-chip Dow Jones Industrial Average ( DJI ) advanced +0.7%, while the benchmark S&P 500 ( SP500 ) gained +0.5%. At the same time, the technology-heavy Nasdaq Composite ( COMP:IND ) added +0.3%. According to Seeking Alpha analyst Alex King of Cestrian Capital Research , investor enthusiasm generated by the SpaceX IPO has injected fresh momentum into equity markets. “The animal spirits unleashed by the SpaceX IPO have driven up the Nasdaq, the Russell 2000 and even the Dow,” King said, arguing that the major indexes are showing increasingly constructive technical setups. While King noted that the S&P 500 has not participated to the same degree as some other benchmarks, he believes the broader market outlook remains favorable. He described the S&P 500 as the current “laggard,” warning that it could still retreat into correction territory in the near term. Despite that risk, King expects stocks to deliver stronger-than-anticipated performance through the end of the year, although he cautioned that the path higher may require more active navigation than investors experienced during the spring rally. Market Tracking ETFs: ( DIA ), ( DDM ), ( DOG ), ( DXD ), ( SDOW ), ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( QQQ ), ( QQQM ), ( TQQQ ), ( QID ), and ( SQQQ ). More on markets Dividend Roundup: Microsoft, Philip Morris, Coca-Cola, Target, and more Prediction market bets rise on Elon Musk combining Tesla and SpaceX Is SpaceX worth $1.8T? SA analysts weigh In ahead of the blockbuster IPO Tech sector delivers one of the best earnings quarters since 2001 Trump halts Iran strikes and signals major Middle East agreement nearing completion
Nothing Phone 4A Pro | Photo: Dominic Preston / The Verge If you're thinking about upgrading your phone, "the best time was yesterday," according to Nothing CEO and co-founder Carl Pei, echoing a message we heard during MWC . As Android Authority reports, Pei said in a post on X that the RAM shortage has already impacted Nothing's less expensive mid-range phone : "For Phone 4A , memory costs doubl...
Nothing Phone 4A Pro | Photo: Dominic Preston / The Verge If you're thinking about upgrading your phone, "the best time was yesterday," according to Nothing CEO and co-founder Carl Pei, echoing a message we heard during MWC . As Android Authority reports, Pei said in a post on X that the RAM shortage has already impacted Nothing's less expensive mid-range phone : "For Phone 4A , memory costs doubled between when we decided to build the device and when it launched. They've doubled again since." He warned that "Phone prices are going up, and they'll keep going up into next year." Pei says RAM can now account for over 50 percent of the cost of a new phone. Nothing's just the latest phone maker to warn … Read the full story at The Verge.