(Bloomberg) -- US lawmakers unveiled legislation that seeks to crack down on exports of chipmaking tools to China, especially from allies including the Netherlands and Japan, in a bipartisan effort to help Washington further constrain Beijing’s technology ambitions.The draft bill, introduced in the House on Thursday, would strengthen existing restrictions on semiconductor manufacturing equipment s...
(Bloomberg) -- US lawmakers unveiled legislation that seeks to crack down on exports of chipmaking tools to China, especially from allies including the Netherlands and Japan, in a bipartisan effort to help Washington further constrain Beijing’s technology ambitions.The draft bill, introduced in the House on Thursday, would strengthen existing restrictions on semiconductor manufacturing equipment sales from firms like ASML Holding NV and Tokyo Electron Ltd. A companion version is expected to be r
You might think of inflation as a recent problem that's been plaguing consumers. But while inflation may be in the news a lot lately, the reality is that it's a perpetual problem -- and a potentially big one for retirees. When you're living on a fixed retirement income, even modest increases in everyday expenses could have a huge impact on your quality of life. But it's important to recognize that...
You might think of inflation as a recent problem that's been plaguing consumers. But while inflation may be in the news a lot lately, the reality is that it's a perpetual problem -- and a potentially big one for retirees. When you're living on a fixed retirement income, even modest increases in everyday expenses could have a huge impact on your quality of life. But it's important to recognize that inflation is not going away, and that it's something you need to plan for. Here are some steps you can take to avoid getting hurt by inflation in retirement. Image source: Getty Images. Continue reading
President Trump, as soon as Thursday, may announce new tariffs on pharmaceutical and biotechnology companies that have yet to sign "most favored nation" deals with the federal government to provide cheaper medicines to Americans. Bloomberg , the first to report the potential development, said that companies that haven't signed an agreement or aren't in negotiations will be subject to a 100% levy. ...
President Trump, as soon as Thursday, may announce new tariffs on pharmaceutical and biotechnology companies that have yet to sign "most favored nation" deals with the federal government to provide cheaper medicines to Americans. Bloomberg , the first to report the potential development, said that companies that haven't signed an agreement or aren't in negotiations will be subject to a 100% levy. The new tariffs are the result of a Commerce Department Section 232 Trade Expansion Act investigation which can lead to tariffs or restrictions on imported items to protect national security. A draft of the plan viewed by Endpoints News provides some additional details: Pharmas that onshore manufacturing to the US will be hit with a 20% rate and would last four years; and if a company is impacted by more than one tariff, the lower rate will be implemented. The pharma and biotech news website also said that products originating from some countries would only face a 15% tariff: the EU, Switzerland, Liechtenstein, South Korea, and Japan. The document also states that the UK would receive a 10% tariff that could eventually disappear, depending on pricing negotiations. Also, active pharmaceutical ingredients produced in the US but manufactured into drugs outside the country would not face tariffs if they are eventually sold in the US. Most major pharmaceutical companies have already signed MFN deals with the Trump administration. Regeneron Pharmaceuticals ( REGN ) is one that has yet to. In March, the Midsized Biotech Alliance of America, which just launched in October, issued a statement opposing the president's "most favored nation" policy which it referred to as "importing foreign price controls." The organization's members include Acadia Pharmaceuticals ( ACAD ), Alnylam Pharmaceuticals ( ALNY ), BioMarin Pharmaceutical ( BMRN ), Exelixis ( EXEL ), Incyte ( INCY ), and Madrigal Pharmaceuticals ( MDGL ). More on Regeneron Pharmaceuticals, Incyte Incyte: An Undervalued Healthc...
Shares of Lemonade (NYSE: LMND) rose 21.1% in March 2026, according to data from S&P Global Market Intelligence . The AI-powered insurance company bounced back from a brutal February sell-off, though the ride was anything but smooth. The path from $52 to $63 included a mid-month spike , a late-month stumble, and plenty of volatility in between. The stock is still down 12% for the year, but at leas...
Shares of Lemonade (NYSE: LMND) rose 21.1% in March 2026, according to data from S&P Global Market Intelligence . The AI-powered insurance company bounced back from a brutal February sell-off, though the ride was anything but smooth. The path from $52 to $63 included a mid-month spike , a late-month stumble, and plenty of volatility in between. The stock is still down 12% for the year, but at least the bleeding has paused. The biggest single-day move came on March 17, when Lemonade shares jumped 15.8% on heavy volume. Analyst firm Morgan Stanley upgraded the stock to Buy and raised its price target from $80 to $85, citing Lemonade's new autonomous vehicle insurance product for self-driving Tesla (NASDAQ: TSLA) cars, and a partnership with an unnamed EV manufacturer. When a major bank says nice things about your AI strategy, people listen. Continue reading
Thibault Renard/iStock via Getty Images We have previously covered the term structure in crude oil and focused on how backwardation and contango and dramatically impact your returns. We have an unusual setup once more and want to focus on how investors could play it in light of the geopolitical situation. The Structure Unlike when you buy a stock, with commodity futures you always buy (or sell) fo...
Thibault Renard/iStock via Getty Images We have previously covered the term structure in crude oil and focused on how backwardation and contango and dramatically impact your returns. We have an unusual setup once more and want to focus on how investors could play it in light of the geopolitical situation. The Structure Unlike when you buy a stock, with commodity futures you always buy (or sell) for an underlying delivery date. In the case of crude oil, we are currently in the most intense backwardation the world has ever seen. What we mean by that is the futures for December 2028 are $33 below the front month. IBKR April 2 2026 This is an interesting development as it allows investors to make more than the standard "buy oil cause it is going up" bets. Let's look at how that works out. United States Oil Fund LP ETF ( USO ) USO is the most famous fund in the group an has been around for about two decades. USO primarily holds the May futures, with about one fifth of its assets in the June futures. Both these pertain to West Texas Intermediate traded on NYMEX. USO USO will slowly "roll" its May futures into June. So everyday it will sell a little of its May futures as the expiration comes up, and buy some June futures. Similarly, it will roll its June to the July futures. This roll is generally a costly process for the ETF when the commodity market is in its normal state of slight contango. For example, if May 2026 futures were at $110 and the June Futures were at $110.50 (slight contango), every roll costs the fund a $0.50 to hold the same number of barrels. But today the roll is highly profitable. It creates an extremely profitable situation. When the fund sells the May futures and buys the June futures, it nets more than $11, while holding the same number of barrels. What this means for your trading is that if oil is trading at $110 in December 2026, USO will be up big. A good way to visualize this is to assume if the transaction happened today. USO would sell its Ma...
U.S. Attorney General Pam Bondi speaks as she participates alongside U.S. President Donald Trump in a roundtable discussion with the Fraternal Order of Police at the White House in Washington, D.C., U.S., June 5, 2025. Kent Nishimura | Reuters President Donald Trump is moving toward removing Attorney General Pam Bondi from her position, MS Now reported on Thursday . Four sources who spoke with MS ...
U.S. Attorney General Pam Bondi speaks as she participates alongside U.S. President Donald Trump in a roundtable discussion with the Fraternal Order of Police at the White House in Washington, D.C., U.S., June 5, 2025. Kent Nishimura | Reuters President Donald Trump is moving toward removing Attorney General Pam Bondi from her position, MS Now reported on Thursday . Four sources who spoke with MS Now said that Bondi's departure is imminent, and three sources familiar with the matter told the news outlet that EPA Administrator Lee Zeldin is on the shortlist to replace her. Trump has told Bondi in recent days that she will soon be removed, according to the outlet. Read more CNBC politics coverage Grocery shock on the horizon for approaching U.S. elections as Iran war drags on DHS shutdown: Senate advances deal to fund agency with TSA, waits on House Analysis: Trump’s Iran speech ignores the risks of a return to the 1970s Trump Iran speech recap: President again says war is nearly over, vows ‘extremely hard’ hits in coming weeks "The sands of her hourglass are about to run out," one source told MS Now, noting that Trump in recent days has been talking to Republicans and allies about removing Bondi. Bondi's planned removal has not been formally announced or solidified, and is subject to change, MS Now noted. This is developing news. Check back for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Welcome to Bloomberg’s Texas Edition — covering all the industries and people driving America’s second-largest economy, from finance and oil to tech and sports. Join us each week for an inside look at Texas through a Bloomberg lens. Sign up here if you’re not already on the list. Stop me if you’ve heard this before (actually, please keep reading): A Wall Street giant is looking at Texas as an expa...
Welcome to Bloomberg’s Texas Edition — covering all the industries and people driving America’s second-largest economy, from finance and oil to tech and sports. Join us each week for an inside look at Texas through a Bloomberg lens. Sign up here if you’re not already on the list. Stop me if you’ve heard this before (actually, please keep reading): A Wall Street giant is looking at Texas as an expansion candidate. Texas and Florida are on the short list for a possible second headquarters for New York-based Apollo Global Management. “We’ve shared with our teams across Apollo and Athene that we plan to establish a second headquarters in either Texas or South Florida, alongside NYC,” an Apollo spokesperson told Bloomberg after the Financial Times reported the plans. The FT identified Austin as a candidate, and also said Nashville was under consideration. Apollo President Jim Zelter declined to say which way Apollo was leaning, telling Bloomberg Surveillance on Thursday: “We will see what the process leads us to.” Big finance continues to make big moves in the state. Goldman Sachs’ new $500 million downtown Dallas building will have room for more than 5,000 employees, easily encompassing the 4,500 current employees in the area. Charles Schwab moved its headquarters to Westlake in 2021. JPMorgan has more than 30,000 employees in Texas — more than in New York. “Dallas and Texas as a whole is becoming a financial hub for the country,” said John Steinmetz, the National Bank Holdings executive vice chair, who came by the Bloomberg Dallas office this week with CEO Tim Laney. I asked Laney about whether Texas or Florida — both of which are home to National Banks Holdings outlets — would have an advantage in wooing Apollo. “I have no idea,” he said with a smile. “But I appreciate the question.” The Fine Line Laney, Steinmetz and I talked about a lot more than Apollo. Colorado-based National Bank Holdings closed earlier this year on the buyout of Vista, where Steinmetz was CEO. “...
Hisense’s CanvasTV offers a surprisingly good experience for the price. | Image: Hisense Samsung’s releasing a new version of The Frame sometime this year, though the exact date is still unknown and, based on past models, it’s likely to be pricey. If you’d rather not wait or want to save some cash, the 55-inch Hisense CanvasTV has hit a new low price of $599.99 ($400 off) at Amazon , Best Buy , an...
Hisense’s CanvasTV offers a surprisingly good experience for the price. | Image: Hisense Samsung’s releasing a new version of The Frame sometime this year, though the exact date is still unknown and, based on past models, it’s likely to be pricey. If you’d rather not wait or want to save some cash, the 55-inch Hisense CanvasTV has hit a new low price of $599.99 ($400 off) at Amazon , Best Buy , and Walmart , making it one of the more affordable ways to get an art-inspired TV. Hisense CanvasTV Where to Buy: $999.99 $599.99 at Amazon (55-inch) $999.99 $599.99 at Best Buy (55-inch) $999.99 $599.99 at Walmart (55-inch) The 4K QLED TV features a slim design and a matte, anti-glare display that disguises itself as artwork when you’re not watching movies. Samsung’s The Frame ultimately looks more realistic, but Hisense gets close enough that images resemble actual prints instead of something from a screen. It also includes a magnetic bezel in the box that’s easy to install and makes the TV look more like a framed piece of art, which is something Samsung typically charges extra for. On top of that, Hisense gives you free access to over 1,000 artworks featuring abstract, modern, and Renaissance styles, with famous pieces by artists such as Van Gogh and Monet. The Hisense is also a capable TV. It runs Google TV, which is more intuitive to navigate than Samsung’s Tizen OS, and supports all the major streaming apps, including Netflix, Hulu, and HBO Max. It also supports Dolby Vision so content looks brighter and more detailed, and offers a variable refresh rate up to 144Hz for smoother motion when you’re watching fast-paced sports games. That high refresh rate also makes the TV good for gaming, especially with Hisense including two HDMI 2.1 ports and AMD FreeSync Premium, which helps minimize screen tearing. And with support for Chromecast, Apple AirPlay, Google Assistant, and Amazon Alexa, it’s easy to stream content from your phone or control the TV with your voice. Read our ...
Fuel prices continued to skyrocket from Pretoria to Paris after US President Donald Trump failed to quell market anxiety over his war against Iran. Diesel surged the most in four years , today rising almost 10% to more than $200 a barrel. The fuel is the lifeblood of the global economy — used to power everything from trucks to construction equipment — and rising prices risk driving up inflation . ...
Fuel prices continued to skyrocket from Pretoria to Paris after US President Donald Trump failed to quell market anxiety over his war against Iran. Diesel surged the most in four years , today rising almost 10% to more than $200 a barrel. The fuel is the lifeblood of the global economy — used to power everything from trucks to construction equipment — and rising prices risk driving up inflation . Trump is coming under increasing international pressure after pledging in a primetime speech to continue the war, sparking further turmoil in energy markets , with little sign the Strait of Hormuz will be open soon. French President Emmanuel Macron took Trump to task for belittling NATO and sewing doubt over the strength of the security alliance. “If you cast doubt every day about your commitment, you undermine that trust,” he said, referring to recent US suggestions that Washington could abandon the North Atlantic Treaty Organization. As the war enters its second month, reports from Iranian state media and residents in the Islamic Republic indicate mounting attacks on civilian infrastructure , including homes, factories and electricity facilities. The US and Israel are pressing on with their bombardment and American president said Wednesday he plans to hit the country “extremely hard” in coming weeks. The EMEA Evening Briefing will return on Tuesday, April 7. What You Need to Know Today Europeans are absorbing the shock of the latest energy crisis with wider use of climate technologies that have helped reduce reliance on fossil fuels . The appeal isn’t just that solar, wind, tidal and geothermal energy are carbon free, but that power can be generated with local resources. Splintering supply chains are forcing countries to rethink energy security . Some have been jockeying for leverage and adopting different approaches to Trump’s call to open the Strait of Hormuz on their own. France’s Macron reiterated it’s unrealistic to pen the passage militarily . Stocks recovered some ...
Intel’s $14.2 billion Fab 34 buyback gives it full control of a key manufacturing asset, signaling stronger confidence in its long-term turnaround strategy.
Intel’s $14.2 billion Fab 34 buyback gives it full control of a key manufacturing asset, signaling stronger confidence in its long-term turnaround strategy.
(RTTNews) - After opening with a fairly big negative gap, the Canadian market recovered and moved into positive territory on Thursday, led by gains in energy, technology and utilities sectors. Several stocks from healthcare and realty sectors too moved higher.
(RTTNews) - After opening with a fairly big negative gap, the Canadian market recovered and moved into positive territory on Thursday, led by gains in energy, technology and utilities sectors. Several stocks from healthcare and realty sectors too moved higher.