Under Secretary of State for Economic Affairs Jacob Helberg says the US is doubling down on partnerships with Gulf countries, and the conflict in the Middle East only highlights the need for international partnerships that shore up the tech supply chain. Helberg joins Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Under Secretary of State for Economic Affairs Jacob Helberg says the US is doubling down on partnerships with Gulf countries, and the conflict in the Middle East only highlights the need for international partnerships that shore up the tech supply chain. Helberg joins Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
(RTTNews) - Canadian stock market's benchmark S&P/TSX Composite Index drifted lower on Monday, weighed down by losses in materials and consumer discretionary sectors. Thanks to higher oil prices, energy stocks gained significant ground, limiting market's downside.
(RTTNews) - Canadian stock market's benchmark S&P/TSX Composite Index drifted lower on Monday, weighed down by losses in materials and consumer discretionary sectors. Thanks to higher oil prices, energy stocks gained significant ground, limiting market's downside.
Exclusive: Sources say chancellor is examining exceptional measures to protect household budgets Rachel Reeves is considering imposing a one-year rent freeze on private sector homes amid growing alarm in government about the impact of the Iran war on voters’ budgets. Landlords in England would be banned from raising rents for a limited period of time under the proposals, which are being debated wi...
Exclusive: Sources say chancellor is examining exceptional measures to protect household budgets Rachel Reeves is considering imposing a one-year rent freeze on private sector homes amid growing alarm in government about the impact of the Iran war on voters’ budgets. Landlords in England would be banned from raising rents for a limited period of time under the proposals, which are being debated within government as part of a major cost of living package to be launched in the coming weeks. Continue reading...
MPs likely to question Starmer’s ex-chief of staff and former top official in Foreign Office on pressure, process and access The evidence of two ex-officials on Tuesday morning will be a key moment in the growing crisis around Peter Mandelson’s vetting for US ambassador which threatens to bring down Keir Starmer’s premiership. The prime minister will later face a crucial vote on a parliamentary in...
MPs likely to question Starmer’s ex-chief of staff and former top official in Foreign Office on pressure, process and access The evidence of two ex-officials on Tuesday morning will be a key moment in the growing crisis around Peter Mandelson’s vetting for US ambassador which threatens to bring down Keir Starmer’s premiership. The prime minister will later face a crucial vote on a parliamentary inquiry into whether he misled MPs when claiming “full due process” had been followed. Continue reading...
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis I think Shopify ( SHOP ) is an interesting story in software and e-commerce. I also think that Shopify’s price has declined with much of the rest of the internet/software space . However, I believe the market is being overly concerned about near-term volatility and less concerned about the underlying strength of Shopify’s growth. My inv...
JHVEPhoto/iStock Editorial via Getty Images Investment Thesis I think Shopify ( SHOP ) is an interesting story in software and e-commerce. I also think that Shopify’s price has declined with much of the rest of the internet/software space . However, I believe the market is being overly concerned about near-term volatility and less concerned about the underlying strength of Shopify’s growth. My investment thesis is that Shopify will become increasingly important as one of the fundamental platforms for what I call “new” digital commerce, particularly as a result of the growth of “agentic commerce.” Orders generated by AI-powered searches have grown significantly since 2025, and as you’ll see later on in this article, Shopify has entered into an agreement with Google regarding the development of a “Universal Commerce Protocol,” which will make it even easier for customers to complete checkout and pay for their products via AI. For me, this is one of the most underappreciated aspects of the story. Shopify has continued to post high revenue growth rates. Currently over 30%, combined with new cohorts of higher productivity merchants and increased penetration within the enterprise segment. With respect to margins, I am confident that investors remain too conservative in their expectations. Operating expenses already came in below guidance in Q4, and the potential for Shopify to implement artificial intelligence internally is likely to keep costs lower than they were prior to doing so. While valuation is certainly elevated in absolute terms, Shopify is still trading below some of its historical valuation averages. Furthermore, as mentioned earlier, I believe that Shopify’s fundamentals are significantly improved compared to where they have historically been. Therefore, despite being expensive, I remain bullish on Shopify. While the company is not inexpensive, I firmly believe that it deserves a premium multiple if the company can deliver strong Q1 results and provide constr...
Two trains collided outside the Indonesian capital Jakarta late on Monday, killing at least four people, injuring dozens and prompting a mass evacuation effort, officials said. There were chaotic scenes at the Bekasi Timur station some 25km (15 miles) from Jakarta, with rescuers shouting for oxygen tanks as ambulances stood by in a snaking queue, lights flashing. An Agence France-Presse reporter a...
Two trains collided outside the Indonesian capital Jakarta late on Monday, killing at least four people, injuring dozens and prompting a mass evacuation effort, officials said. There were chaotic scenes at the Bekasi Timur station some 25km (15 miles) from Jakarta, with rescuers shouting for oxygen tanks as ambulances stood by in a snaking queue, lights flashing. An Agence France-Presse reporter at the scene witnessed people being carried out of the wreckage and loaded into waiting ambulances as...
The Pentagon has a new AI tool. The Defense Department’s technology office said Monday that it had added Google’s Gemini for Government 3.1 Pro and 3.0 Flash to the GenAI.mil platform. “These upgrades significantly reduce hallucinations, improve output quality, and accelerate productivity, giving warfighters more time to focus on mission‑critical tasks,” reads part of the post.
The Pentagon has a new AI tool. The Defense Department’s technology office said Monday that it had added Google’s Gemini for Government 3.1 Pro and 3.0 Flash to the GenAI.mil platform. “These upgrades significantly reduce hallucinations, improve output quality, and accelerate productivity, giving warfighters more time to focus on mission‑critical tasks,” reads part of the post.
STORY: The partnership between Microsoft and OpenAI just got a little less cozy. In a joint announcement on Monday, the two companies said Microsoft will no longer have exclusive access to OpenAI's AI models and products. The move frees up the ChatGPT creator to sell its AI technology to rival cloud platforms, including Amazon and Google. The news sent Microsoft's shares slightly lower, as some in...
STORY: The partnership between Microsoft and OpenAI just got a little less cozy. In a joint announcement on Monday, the two companies said Microsoft will no longer have exclusive access to OpenAI's AI models and products. The move frees up the ChatGPT creator to sell its AI technology to rival cloud platforms, including Amazon and Google. The news sent Microsoft's shares slightly lower, as some investors saw the shift as the company losing a valuable competitive advantage. :: Microsoft Microsoft emerged as an early winner in the AI race after its investment in OpenAI allowed it to quickly launch AI technology across its products. But tensions have been rising between the two companies as OpenAI strikes cloud deals with rival firms. The Financial Times in March reported that Microsoft was weighing legal action against Amazon and OpenAI over a $50 billion cloud deal that could breach its exclusive cloud partnership. Under the reworked deal, Microsoft will remain OpenAI's primary cloud partner and will hold a license to its intellectual property through 2032. Microsoft will also not pay a revenue share to OpenAI. OpenAI products would also first ship on Microsoft's Azure cloud-computing platform unless the software giant cannot or chooses not to roll out the technology.
Although artificial intelligence (AI) companies never really lost their place as the market's leading names, their stocks have been out of favor for most of the past six months. Many stayed relatively flat during that period, while others lost ground. Still, it seems that the market is rotating back to them again. With that in mind, I think investors should position themselves to take advantage, a...
Although artificial intelligence (AI) companies never really lost their place as the market's leading names, their stocks have been out of favor for most of the past six months. Many stayed relatively flat during that period, while others lost ground. Still, it seems that the market is rotating back to them again. With that in mind, I think investors should position themselves to take advantage, as these stocks haven't quite reached their full potential. If you've got $1,000 to invest now, these are the perfect three stocks to buy. Image source: Getty Images. Any AI investing list without Nvidia (NASDAQ: NVDA) is incomplete, in my opinion. Few companies are benefiting more from the AI build-out than Nvidia, and this trend has driven it to become the world's largest company by a wide margin. Its graphics processing units (GPUs) are still the most popular computing option available in data centers, and that's showing up in its results. Continue reading
Amazon’s chip business is scaling rapidly and approaching the size of top semiconductor firms, yet investors still largely value the company as a cloud and retail player.
Amazon’s chip business is scaling rapidly and approaching the size of top semiconductor firms, yet investors still largely value the company as a cloud and retail player.
Special Forces insider trading Imagine if prediction markets had been big in 2011. SEAL Team Six load up in their helicopters to raid Osama Bin Laden’s compound, they check their weapons, pull their night-vision goggles into place, open up their phones and log into Polymarket to buy a few “Osama Bin Laden Captured or Killed By May 31” contracts. They land and shoot him and pause to buy a few more ...
Special Forces insider trading Imagine if prediction markets had been big in 2011. SEAL Team Six load up in their helicopters to raid Osama Bin Laden’s compound, they check their weapons, pull their night-vision goggles into place, open up their phones and log into Polymarket to buy a few “Osama Bin Laden Captured or Killed By May 31” contracts. They land and shoot him and pause to buy a few more contracts before getting back in the helicopters. By the time they return to headquarters, they are all rich, and news organizations are running headlines like “Polymarket Surge Shows We Likely Got Bin Laden.” In the last 15 years, the world has gotten dumber in many ways, including this one : A US Army soldier was charged with using classified information about the timing of the capture of then-Venezuelan President Nicolás Maduro to make more than $400,000 trading on Polymarket’s prediction market, the Justice Department said Thursday. Gannon Ken Van Dyke, 38, a special forces soldier stationed at Fort Bragg in Fayetteville, North Carolina, was involved in the planning and execution of Operation Absolute Resolve, a military effort to capture Maduro, the US said. Prosecutors said that around Dec. 26, Van Dyke created and funded a Polymarket account, and began trading on contracts tied to whether Maduro would be out as Venezuela’s leader. He placed a total of about 13 bets from Dec. 27 through the evening of Jan. 2 all taking “YES” positions on various Maduro-related questions posed by the trading platform, which allows users to wager on the outcome of real world events. Here are the Justice Department press release , the indictment , the US Commodity Futures Trading Commission press release and the CFTC complaint . “Like countless other Americans,” reports the Wall Street Journal , “Van Dyke appeared intent on generating multiple income streams.” Mostly this is a simple insider trading case: He got material nonpublic information as part of his job in the Army, he had an obl...