Editor’s note: The story has been updated to include Nvidia’s statement to Benzinga. On Monday, Nvidia Corp dismissed a report saying that it was in talks to acquire a major PC maker. Nvidia Rejects Buyout Report "The media report is false; NVIDIA is not engaged in discussions to acquire any PC maker," the company told Benzinga. Nvidia tells CNBC: "the media report is false; NVIDIA is not engaged ...
Editor’s note: The story has been updated to include Nvidia’s statement to Benzinga. On Monday, Nvidia Corp dismissed a report saying that it was in talks to acquire a major PC maker. Nvidia Rejects Buyout Report "The media report is false; NVIDIA is not engaged in discussions to acquire any PC maker," the company told Benzinga. Nvidia tells CNBC: "the media report is false; NVIDIA is not engaged in discussions to acquire any PC maker."This after a SemiAccurate report sent $DELL up ~6% and $HPQ
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Another try: Trump hints at imminent talks with Iran in Pakistan, while the U.S. starts its blockade of Iranian ports. Contingency plans: Europe eyes Hormuz fix without the U.S. ; a fallback plan if the U.S. exits ...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Another try: Trump hints at imminent talks with Iran in Pakistan, while the U.S. starts its blockade of Iranian ports. Contingency plans: Europe eyes Hormuz fix without the U.S. ; a fallback plan if the U.S. exits NATO gains traction . Tariff watch: Bessent says tariffs may be restored by July ; U.S. to start accepting tariff refund claims next week. New highs Trading desks of Wall Street banks notched new milestones with their first-quarter results, capitalizing on market volatility fueled by the Iran war. JPMorgan Chase ( JPM ) posted its highest-ever trading revenue for the quarter, while Citigroup ( C ) saw its best markets revenue in a decade. Volatility boost: JPMorgan posted better-than-expected Q1 results , driven by growth across its businesses. Its markets revenue jumped 20% Y/Y to a record $11.6B across fixed income and equities. Citi's Q1 earnings also topped estimates, with its markets revenue increasing 19% Y/Y to $7.2B. JPMorgan, Citi and Wells Fargo ( WFC ) together reported over $25B of profits for the first quarter, as their traders benefited from sharp market moves driven by geopolitical shocks in Venezuela and Iran. Market volatility is good for investment banks as they make money from financing and facilitating client trades. Consumer strength: Bank executives also discussed consumer behavior in light of the Iran war. Wells Fargo CEO Charles Scharf said consumers are spending more than a year ago, but they haven't slowed spending on everything yet. "We've seen historically that it often takes consumers several months to reduce their spend levels on other categories to adjust for higher oil prices," he noted. "While we don't know the exact timing, we would expect to see the same in the second half of the year." JPMorgan CFO Jeremy Barnum also pointed to a "resilie...
In Malaysia, artificial intelligence is already causing harm to content creators through deepfake nudes, cloned voices, scam advertisements and stolen likenesses, experts have warned. They shared the view at the Freedom Film Network’s second International Conference on Film & Society in Kuala Lumpur on Wednesday, where creators, researchers and advocates from across Southeast Asia gathered under t...
In Malaysia, artificial intelligence is already causing harm to content creators through deepfake nudes, cloned voices, scam advertisements and stolen likenesses, experts have warned. They shared the view at the Freedom Film Network’s second International Conference on Film & Society in Kuala Lumpur on Wednesday, where creators, researchers and advocates from across Southeast Asia gathered under the theme “Cultivating Artistic Freedom in a Volatile World”. Melissa Lim Shi Hui, a lawyer and legal...
Richard Drury/DigitalVision via Getty Images Written by Leo Nelissen and Albert Marko Introduction I have used the words “regime change” quite a bit in recent years. As strong as they may sound, they were fully warranted, as I have these, like the long-term rotation from growth to value. While it took a while to unfold, 2026 was the year that the market found out that the software trade wasn’t sus...
Richard Drury/DigitalVision via Getty Images Written by Leo Nelissen and Albert Marko Introduction I have used the words “regime change” quite a bit in recent years. As strong as they may sound, they were fully warranted, as I have these, like the long-term rotation from growth to value. While it took a while to unfold, 2026 was the year that the market found out that the software trade wasn’t sustainable anymore and that hard-asset companies may be the place to be for two big reasons: They are hard to disrupt. They benefit from economic growth broadening, which is another thesis of mine. They tend to have strong pricing power (inflation protection). That’s the regime change I care so much about, as I often say, that, as important as stock picking may be, getting the Big Picture right is even more important. Today, we'll break down two major market risks that we expect to turn into tailwinds for investors who play their cards right and potentially end up on the “receiving end” of a massive fund rotation. So, let’s get to it! Risk 1 - The End of Easy 60/40 Gains The 60/40 portfolio may be one of the most well-known strategies besides the simple set-and-forget investments in a 100% equity fund. That makes sense, as a 60% stocks and 40% bonds breakdown provides both growth and safety. During strong years, stocks outperform bonds because of elevated earnings growth, dividends, and potential multiple expansion. During bad years, bonds tend to rise as central banks intervene, capital moves into safe places, and similar reasons. TradingView (AOR) The iShares Core 60/40 Balanced Allocation ETF ( AOR ) above is a great example of this. For example, between 2009 and 2021, both bonds and stocks did well due to factors like low inflation, globalization, central bank stimulus, and others. Then, after 2021, a poor bond performance was more than offset by a strong stock market. Now, that's changing, as even asset manager KKR calls this a regime change: Since 2020, we have argued t...
When Microsoft tried to launch Recall, an AI-powered Windows feature that screenshots most of what you do on your PC, it was labeled a "disaster" for cybersecurity and a "privacy nightmare." After the backlash and a year-long delay to redesign and secure Recall, it's once again facing security and privacy concerns. Cybersecurity expert Alexander Hagenah has created TotalRecall Reloaded , a tool th...
When Microsoft tried to launch Recall, an AI-powered Windows feature that screenshots most of what you do on your PC, it was labeled a "disaster" for cybersecurity and a "privacy nightmare." After the backlash and a year-long delay to redesign and secure Recall, it's once again facing security and privacy concerns. Cybersecurity expert Alexander Hagenah has created TotalRecall Reloaded , a tool that extracts and displays data from Recall. It's an update to the TotalRecall tool that demonstrated all the weaknesses in the original Recall feature before Microsoft redesigned it. Microsoft's redesign focused on creating a secure vault for Recall … Read the full story at The Verge.
Depository Trust & Clearing Corp., the main firm responsible for clearing US stock trades, is working with Amazon.com Inc. to move its core systems to the cloud by the end of the decade. DTCC is building systems to shift its clearing, settlement and risk-management tools to the cloud in phases, with the help of Amazon Web Services, Chief Information Officer Lynn Bishop said in an interview. “Resil...
Depository Trust & Clearing Corp., the main firm responsible for clearing US stock trades, is working with Amazon.com Inc. to move its core systems to the cloud by the end of the decade. DTCC is building systems to shift its clearing, settlement and risk-management tools to the cloud in phases, with the help of Amazon Web Services, Chief Information Officer Lynn Bishop said in an interview. “Resiliency is very much a driver for us — the ability to design the infrastructure for the future of markets, leveraging the cloud,” Bishop said. The goal is to be more “flexible, nimble and adaptable, with architecture that can scale.” Last year, the Securities and Exchange Commission issued a “no-objection” letter to DTCC, permitting the firm to host a subset of its clearing and settlement systems on the public cloud. DTCC’s plans follow other financial firms that have sought to shift more trading infrastructure and other applications to the cloud. CME Group Inc. , the largest derivatives exchange in the US, is moving some of its markets to the cloud before year-end, Bloomberg reported in March. Read More: CME to Move Livestock Futures, Other Markets to Google Cloud Finance companies have struck partnerships with cloud providers such as Amazon, Microsoft Corp. and Alphabet Inc. ’s Google to help with the transition, without the added years of development and expense it would take to modernize them on their own. DTCC said it started working with AWS more than a decade ago to shift some non-core systems to the cloud. CME teamed up with Google to develop its cloud and co-location facilities. Nasdaq Inc. is also working with Amazon Web Services, while Cboe Global Markets Inc. tapped Snowflake Inc. to push its corporate data and analytics software to the cloud. DTCC’s move to the cloud is being done alongside other changes, including its planned expansion of clearing hours to support the growing interest in trading. “This modernization effort and the cloud position us to handle tha...
Earlier this month, Anthropic dropped its most advanced artificial intelligence (AI) model, Claude Mythos. However, because the company said it can easily identify and exploit software vulnerabilities, Anthropic said it will not release it to the public. Instead, it will give access to the large language model (LLM) to a select group of about 50 leading tech companies. Called Project Glasswing, th...
Earlier this month, Anthropic dropped its most advanced artificial intelligence (AI) model, Claude Mythos. However, because the company said it can easily identify and exploit software vulnerabilities, Anthropic said it will not release it to the public. Instead, it will give access to the large language model (LLM) to a select group of about 50 leading tech companies. Called Project Glasswing, the goal is for these companies to improve their cybersecurity defenses. Anthropic said Mythos has already found thousands of vulnerabilities across every major web browser and operating system. It noted it won't be long before bad actors look to use AI to exploit these vulnerabilities. Image source: Getty Images. Continue reading
Morgan Stanley press release ( MS ): Q1 GAAP EPS of $3.43 beats by $0.41 . Revenue of $20.58B (+16.0% Y/Y) beats by $820M . The Standardized Common Equity Tier 1 capital ratio was 15.1%. Investment Management results reflect net revenues of $1.5 billion, primarily driven by asset management fees on higher average AUM. The quarter included positive long-term net flows of $3.3 billion. Shares +0.7% ...
Morgan Stanley press release ( MS ): Q1 GAAP EPS of $3.43 beats by $0.41 . Revenue of $20.58B (+16.0% Y/Y) beats by $820M . The Standardized Common Equity Tier 1 capital ratio was 15.1%. Investment Management results reflect net revenues of $1.5 billion, primarily driven by asset management fees on higher average AUM. The quarter included positive long-term net flows of $3.3 billion. Shares +0.7% PM. More on Morgan Stanley Morgan Stanley Stock Outlook: Why The Bull Case Still Holds Morgan Stanley (MS) Presents at European Financials Conference 2026 Transcript Wall Street Lunch: Private Credit Funds Face $10B Investor Exit Wave Wall Street trading desks poised for $40B quarter amid geopolitical turmoil Bessent, Powell call urgent meeting with bank CEOs about Anthropic model risks
Check out the companies making the biggest moves premarket: Bank of America — The stock gained more than 1% after the banking giant posted better-than-expected results for the first quarter . Bank of America earned $1.11 per share on revenue of $30.43 billion. Analysts expected a profit of $1.01 per share on revenue of $29.93 billion. BofA's strong results were bolstered by its equity sales and tr...
Check out the companies making the biggest moves premarket: Bank of America — The stock gained more than 1% after the banking giant posted better-than-expected results for the first quarter . Bank of America earned $1.11 per share on revenue of $30.43 billion. Analysts expected a profit of $1.01 per share on revenue of $29.93 billion. BofA's strong results were bolstered by its equity sales and trading unit. Broadcom — The chipmaker jumped more than 2.5% after it announced with Meta a plan to deliver 1 gigawatt of custom chips , with further plans to deliver multiple gigawatts in the future using Broadcom's technology. Broadcom CEO Hock Tan also said he'd be stepping down from Meta's board. Snap — Shares popped more than 5% after the Snapchat parent announced plans to lay off up to 16% of its workforce. The company said it's trying to reallocate resources toward growing net income profitability, among other initiatives. Gitlab — The software company rose more than 5% after it announced an expanded partnership with Google where its artificial intelligence offerings will now be offered through Google Cloud. Gitlab's stock is down more than 46% in 2026 on fears AI will disrupt software companies' business models. Robinhood , Webull — Shares of the financial services platforms jumped on news that the Securities and Exchange Commission will end limits on day-trading for smaller, retail investors. Robinhood was up more than 5.5%, while Webull jumped 6%. — CNBC's Fred Imbert contributed reporting.