Annie Duke, the former World Series of Poker Tournament of Champions winner and author of Thinking in Bets and Quit: The Power of Knowing When to Walk Away, said investors often make costly mistakes by confusing lucky outcomes with strong investing decisions during speculative market rallies. Speaking in an interview with MarketWatch published Tuesday, the poker pro turned investing coach outlined...
Annie Duke, the former World Series of Poker Tournament of Champions winner and author of Thinking in Bets and Quit: The Power of Knowing When to Walk Away, said investors often make costly mistakes by confusing lucky outcomes with strong investing decisions during speculative market rallies. Speaking in an interview with MarketWatch published Tuesday, the poker pro turned investing coach outlined a three-step framework for evaluating markets that appear overheated. She said investors should fir
Pentagon officials told Congress they estimate the war in Iran has cost $29 billion so far. And, a new Education Scorecard shows U.S. students are improving in math. (Image credit: Chip Somodevilla)
Pentagon officials told Congress they estimate the war in Iran has cost $29 billion so far. And, a new Education Scorecard shows U.S. students are improving in math. (Image credit: Chip Somodevilla)
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Sangmi Cha delves into the epic rise of South Korea’s two biggest companies and the world’s most indispensable suppliers of a once-boring computing part. Tech Across the Globe EBay says no: The company’s board turned aside the unsolicited takeover offer from GameStop CEO ...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Sangmi Cha delves into the epic rise of South Korea’s two biggest companies and the world’s most indispensable suppliers of a once-boring computing part. Tech Across the Globe EBay says no: The company’s board turned aside the unsolicited takeover offer from GameStop CEO Ryan Cohen. EBay called the bid “neither credible nor attractive.” Waymo recalls robotaxis: The Alphabet company is pulling thousand of its driverless cars off the road after one of the autonomous vehicles tried to drive through a flooded street. The robotaxis need an urgent software fix . Jensen gets less: Nvidia CEO Jensen Huang’s pay package decreased 27% to $36.3 million in fiscal 2026 after the value of his stock awards declined. The company’s shares are up 18% so far this year. Other AI chip companies are growing at a much faster pace . Revalued Wispr AI, the maker of a popular voice dictation tool , is in talks for a new funding round that would more than double the value of the startup to $2 billion. Menlo Ventures is set to lead the fundraising, which may reach about $260 million. The startup was valued at $700 million in November. Spicy stocks The equity market in South Korea is sizzling, and it isn’t because of a viral noodle challenge . It’s driven by the one product the world treated as a boring, frumpy commodity for years: memory chips. The conventional DRAM that used to live quietly inside your PC or smartphone is now affecting everything from profit margins on Nintendo consoles to the prospects of AI data center expansion across the world. More so than cultural exports, it’s now thrust Korea into a kingmaker role in the global economy. Tech lynchpins Samsung and SK Hynix, the nation’s two largest companies, are the go-to providers of the suddenly scarce component. Despite the AI gold rush, the so-called Korea discount — a perennial markdown on Korean stocks ...
Klaus Vedfelt/DigitalVision via Getty Images Performance The portfolio underperformed the MSCI ACWI index (in US dollar terms) over the quarter. Despite portfolio holdings generally delivering robust results, performance was hampered by two trends in the market. First, asset light business models experienced a broad sell-off due to concerns over AI disruption; and second, rising bond yields led to...
Klaus Vedfelt/DigitalVision via Getty Images Performance The portfolio underperformed the MSCI ACWI index (in US dollar terms) over the quarter. Despite portfolio holdings generally delivering robust results, performance was hampered by two trends in the market. First, asset light business models experienced a broad sell-off due to concerns over AI disruption; and second, rising bond yields led to a de-rating of quality and growth stocks. The portfolio's lack of exposure to Energy, which was the top performing sector, was an additional headwind. At a stock level, concerns over AI disrupting business models particularly impacted three sectors: Industrials, Financials and Information Technology (IT). Within Industrials, the portfolio holds companies offering services, such as credit rating bureau Experian ( EXPGF ), while investors sought out heavy asset, low obsolescence ('HALO') stocks in industries that are largely outside of the focus of the strategy. Similarly, in Financials and Information Technology, software based service providers – such as electronic payments provider Adyen and software system integrator Tyler Technologies ( TYL )– were de-rated along with the broader software sector. Health Care holdings also came under pressure as the rise in bond yields led to a de-rating of growth oriented companies, such as Intuitive Surgical ( ISRG ) (despite it delivering strong earnings). While not a significant contributor to relative returns, the underweight position in Real Estate was positive, with real estate investment trusts such as Ventas ( VTR ) performing well. Market dynamics have been unfavorable for the portfolio, yet the drivers of growth, such as innovation in healthcare, provision of financial services, skills training and equitable connectivity, remain intact. Market overview Global equity markets finished the period lower despite a strong start to the year, reflecting a quarter of two distinct halves. Early support from solid corporate earnings, fal...
If it feels like growth stocks can’t continue their outperformance much longer, ignore that feeling. The Vanguard S&P 500 Growth Index Fund Exchange-Traded Fund, home to companies with high sales growth including Nvidia Advanced Micro Devices Microsoft and Eli Lilly is up 13% in the past month. A couple of factors have driven the performance of the growth stocks.
If it feels like growth stocks can’t continue their outperformance much longer, ignore that feeling. The Vanguard S&P 500 Growth Index Fund Exchange-Traded Fund, home to companies with high sales growth including Nvidia Advanced Micro Devices Microsoft and Eli Lilly is up 13% in the past month. A couple of factors have driven the performance of the growth stocks.
(RTTNews) - Shares of Merck KGaA were gaining around 8 percent in German trading after the science and technology major on Wednesday lifted its fiscal 2026 guidance and maintained mid-term view, despite weak first-quarter results.
(RTTNews) - Shares of Merck KGaA were gaining around 8 percent in German trading after the science and technology major on Wednesday lifted its fiscal 2026 guidance and maintained mid-term view, despite weak first-quarter results.
Amazon.com Inc. said that it is expanding its "Amazon Now" service, offering delivery of groceries, household essentials and other items in 30 minutes or less across dozens of U.S. cities. In a company blog post, the e-commerce retailer said Amazon...
Amazon.com Inc. said that it is expanding its "Amazon Now" service, offering delivery of groceries, household essentials and other items in 30 minutes or less across dozens of U.S. cities. In a company blog post, the e-commerce retailer said Amazon...
Once upon a time, you bought software the way you bought a toaster. Walk into a store. Pick up a box. Hand over money. Take it home. Install the software and run it. The package was yours forever. This delivery method applied everywhere. Microsoft (NASDAQ: MSFT) Windows came in a box, and so did the Office suite. Adobe (NASDAQ: ADBE) Photoshop came in a box. The box contained floppy disks, then CD...
Once upon a time, you bought software the way you bought a toaster. Walk into a store. Pick up a box. Hand over money. Take it home. Install the software and run it. The package was yours forever. This delivery method applied everywhere. Microsoft (NASDAQ: MSFT) Windows came in a box, and so did the Office suite. Adobe (NASDAQ: ADBE) Photoshop came in a box. The box contained floppy disks, then CDs, then DVDs. Enterprise-class stuff like the Oracle (NYSE: ORCL) database may have come on a roll of magnetic tape in the 1980s. You also got a manual nobody read and a registration card nobody mailed. Whatever software you needed, you paid for it once. Then it was yours forever. Continue reading
The oil jetties at Iran’s Kharg Island were once again empty on Tuesday, curbing the nation’s ability to export crude, satellite images collected by Bloomberg show. It means that for a fourth consecutive period when satellites have captured what’s going on at the country’s main oil facility, no tankers have been spotted. It’s by far the longest stretch since the war began that the jetties have bee...
The oil jetties at Iran’s Kharg Island were once again empty on Tuesday, curbing the nation’s ability to export crude, satellite images collected by Bloomberg show. It means that for a fourth consecutive period when satellites have captured what’s going on at the country’s main oil facility, no tankers have been spotted. It’s by far the longest stretch since the war began that the jetties have been devoid of tankers. READ, Tuesday : Kharg Island Oil Jetties Empty in Possible Sign of Iran Strain The US is blockading ships from going to and from Iranian ports, something that will sooner or later mean the country runs out of tankers that can load. That, in turn, intensifies pressure on Tehran’s oil storage facilities and production. The images, observed from the European Union’s Sentinel 2 satellite system, are not captured daily. But prior to the latest snapshots, the jetties had only been empty in on two individual days since the war began.
TomasSereda/iStock via Getty Images Orla Mining ( ORLA ) up 5% pre-market Wednesday after Equinox Gold ( EQX ) announced it agreed to acquire the company in a deal that would create a North American senior gold producer with ~1.1M oz of expected annual gold production from six operating mines across Canada, the U.S., Mexico, and Nicaragua, and an $18.5B implied market capitalization. Under the ...
TomasSereda/iStock via Getty Images Orla Mining ( ORLA ) up 5% pre-market Wednesday after Equinox Gold ( EQX ) announced it agreed to acquire the company in a deal that would create a North American senior gold producer with ~1.1M oz of expected annual gold production from six operating mines across Canada, the U.S., Mexico, and Nicaragua, and an $18.5B implied market capitalization. Under the deal terms, Orla ( ORLA ) shareholders will receive one Equinox ( EQX ) common share and a nominal cash payment for each Orla common share owned; upon completion, existing Equinox ( EQX ) shareholders will own ~67% of the combined company, while Orla ( ORLA ) shareholders will hold the remaining 33%. Equinox ( EQX ) said the combined company has a clear near-term path to increase annual production by more than 800K oz of gold from a pipeline of advanced expansion and development projects in the U.S. and Mexico, with the organic growth expected to be funded from operating cash flow and available liquidity. Equinox ( EQX ) CEO Darren Hall will continue to lead the combined company, while Orla ( ORLA ) President and CEO Jason Simpson will join Equinox's leadership team as President; the new board will consist of 11 directors, with Chuck Jeannes as Chair, along with six directors from Equinox and four from Orla. More on Equinox Gold Equinox Gold Q1 2026 Earnings Call Transcript Equinox Gold: Down 29%, And I'm Buying The Growth Story Equinox Gold: The Market Still Underestimates Their Ramp-Up
Uncapped trio in squad for first New Zealand Test Crawley dropped; Ahmed and Bashir named as spinners Emilio Gay, James Rew and Sonny Baker are the three uncapped players in a 15-man England squad for the first Test against New Zealand next month. Ollie Robinson returns to the setup after a two-year absence. As part of the wash-up from the Ashes, England have a new selector in Marcus North – now c...
Uncapped trio in squad for first New Zealand Test Crawley dropped; Ahmed and Bashir named as spinners Emilio Gay, James Rew and Sonny Baker are the three uncapped players in a 15-man England squad for the first Test against New Zealand next month. Ollie Robinson returns to the setup after a two-year absence. As part of the wash-up from the Ashes, England have a new selector in Marcus North – now confirmed – and vowed to pay more attention to county form. Gay, averaging 92 under North at Durham this season, and Rew, 22 years old and having already scored 12 centuries for Somerset, fit the bill in this regard. Continue reading...
Female home owners report feeling stuck between men’s contradictory expectations – they are told to be independent, but not assume the breadwinner role When Tiffany Tate put the wheels in motion to buy her first home, it felt like a win – until a date’s response stopped her cold. “If you buy that house, what’s a guy going to do for you?” he said. It was just after their first date, and just before...
Female home owners report feeling stuck between men’s contradictory expectations – they are told to be independent, but not assume the breadwinner role When Tiffany Tate put the wheels in motion to buy her first home, it felt like a win – until a date’s response stopped her cold. “If you buy that house, what’s a guy going to do for you?” he said. It was just after their first date, and just before what would be their last. Continue reading...