Quantum computing may seem like some far-off technology that will never come about, but that's just not the case. There are several companies with early-stage quantum computers that are producing real results for clients, and could easily expand into more mainstream usage as the technology improves and computer size expands. The current timetable for many quantum companies is around 2030, with maj...
Quantum computing may seem like some far-off technology that will never come about, but that's just not the case. There are several companies with early-stage quantum computers that are producing real results for clients, and could easily expand into more mainstream usage as the technology improves and computer size expands. The current timetable for many quantum companies is around 2030, with major market expansion occurring by 2035. McKinsey & Company estimates that the annual quantum computing market could be worth up to $72 billion by 2030, leaving a huge market opportunity available for those who can seize it. One betting favorite is IonQ (NYSE: IONQ) , as it's currently the worldwide leader in one of the most critical areas: accuracy. With IonQ holding a world record in this field, it's a favorite to make it to the finish line, and it could make investors a fortune along the way. Continue reading
Simply Good Foods press release ( SMPL ): Q3 Non-GAAP EPS of $0.42 beats by $0.07 . Revenue of $357M (-6.3% Y/Y) beats by $24.38M . Net sales of $357.0 million decreased 6.3% versus the comparable year ago period, driven by a decline for Atkins of 24.6%, which was only partially offset by Quest and OWYN growth of 1.1% and 3.6%, respectively. The Company's net sales performance was largely driven b...
Simply Good Foods press release ( SMPL ): Q3 Non-GAAP EPS of $0.42 beats by $0.07 . Revenue of $357M (-6.3% Y/Y) beats by $24.38M . Net sales of $357.0 million decreased 6.3% versus the comparable year ago period, driven by a decline for Atkins of 24.6%, which was only partially offset by Quest and OWYN growth of 1.1% and 3.6%, respectively. The Company's net sales performance was largely driven by known distribution-related declines for Atkins and softer retail takeaway, similar to what the Company experienced in the second quarter. Updating Fiscal Year 2026 Outlook: Net sales expected to range between $1.345 and $1.355 billion vs $1.33B consensus, or a decline of roughly 7% to 6% year-over-year Gross margins expected to decline approximately 375 basis points year-over-year Adjusted EBITDA expected to range between $220 and $225 million, or -21% to -19% year-over-year More on Simply Good Foods The Simply Good Foods Company: A Hold Until Margins And Brand Momentum Improve Simply Good Foods: The Competitive Landscape Has Tightened Simply Good Foods Doesn't Look Like A Growth Stock Anymore Simply Good Foods Q3 2026 Earnings Preview Notable analyst calls this week: Rio Tinto, UnitedHealth and Intuit among top picks
The horny TV series has inspired a whopping four comedy shows this summer. Their makers explain why musical theatre and steamy action are such good bedfellows – and why there’s no rivalry between them Five minutes was all it took. The stars of Heated Rivalry barely had a chance to shed each other’s clothes before writer and composer Dylan MarcAurele started taking notes, knowing that the horny hoc...
The horny TV series has inspired a whopping four comedy shows this summer. Their makers explain why musical theatre and steamy action are such good bedfellows – and why there’s no rivalry between them Five minutes was all it took. The stars of Heated Rivalry barely had a chance to shed each other’s clothes before writer and composer Dylan MarcAurele started taking notes, knowing that the horny hockey TV series was going to be his next parody project. “I had this idea that it would be a one-night-only concert for friends,” says the New York-based writer of fringe hit Pop Off, Michelangelo! But then he got producer Alan Kliffer on board, and performances sold out before the script had even been written. “It was a no-brainer,” Kliffer says. “I trusted it would be good, and I was right.” After a successful off-Broadway run, Heated Rivalry: The Unauthorized Musical Parody is now heading for the Edinburgh fringe – and it’s not alone. Three musical spoofs of the series are hotting up at this year’s festival. With the show’s success – all perky keisters, swanky hotel shags, a secret sex cottage and just a smidgeon of hockey – Kliffer reckons it was inevitable. “You just know, at the end of the TV show,” he says, “that gay men everywhere will race to write musicals about it.” Continue reading...
Stellantis is likely to continue underperforming as its turnaround efforts take more time to translate into market share gains, according to JPMorgan. The investment bank downgraded the automotive manufacturing name to neutral from overweight. "We think the firm still needs ~14 months of work to reap the benefits of purchasing components at a lower price, feeding through to the product launches co...
Stellantis is likely to continue underperforming as its turnaround efforts take more time to translate into market share gains, according to JPMorgan. The investment bank downgraded the automotive manufacturing name to neutral from overweight. "We think the firm still needs ~14 months of work to reap the benefits of purchasing components at a lower price, feeding through to the product launches coming on stream in FY27/28," analyst Jose Asumendi said in a note to clients. "The STLA investment case hinges on the turnaround of its [North American] operations, which have been heavily impacted by destocking actions as well as price repositioning measures for vehicles in the region." STLA YTD mountain STLA in 2026 The parent company of Dodge, Fiat, Jeep, Chrysler, Ram and Peugeot would have to drastically reduce its labor force and capacity across Europe and North America for improvements to materialize faster, he added. "We are looking for a still relatively slow second quarter…with both regions … still printing close to break even margins as well as a moderate earnings progression into FY27/28," Asumendi wrote. JPMorgan's call falls in line with consensus on Wall Street. Of the 12 analysts covering Stellantis, five have a hold rating on the stock, four have a buy or strong buy and three have an underperform on it, LSEG data shows. Shares have fallen 50% year to date.
hapabapa Wonder, parent of Grubhub and Blue Apron, is lining up ‘hundreds of millions’ of dollars at a $9B valuation in what could be its last round before going public, The Information reported, citing the company’s regulatory filings and a person briefed on the fundraise. Investors in the financing to get extra shares if Wonder’s IPO price is less than 1.5x the price of shares in this round. Fou...
hapabapa Wonder, parent of Grubhub and Blue Apron, is lining up ‘hundreds of millions’ of dollars at a $9B valuation in what could be its last round before going public, The Information reported, citing the company’s regulatory filings and a person briefed on the fundraise. Investors in the financing to get extra shares if Wonder’s IPO price is less than 1.5x the price of shares in this round. Founder Marc Lore has indicated he’ll write a $200M check into the round; he has told staff an IPO could happen as soon as next year, the report said. Wonder sees just under $2B in net revenue this year, $3B in 2028, and nearly $5.5B by 2030, per materials prepared for potential investors Existing investor New Enterprise Associates has discussed co-leading the round; Accel and Google Ventures ( GOOG ) ( GOOGL ) have discussed buying shares, the report said. Wonder's geographic expansion and IPO funding could allow it to scale further to the point that it is an incremental threat to major delivery and commerce platforms like DoorDash ( DASH ), Uber Eats ( UBER ), Instacart ( CART ), and eventually broad ecosystems such as Amazon ( AMZN ) and Walmart ( WMT ). More on food and restaurant stocks Wall Street Lunch: Nordstrom Taps FAO Schwarz To Boost Toy Selection And Store Traffic Consumer And Retail: Better-Than-Expected Results And Outlook Has XRT Primed To Outperform XRT: Retailers Struggle Amid Record-Low Consumer Sentiment (Downgrade) Red, white, and pricey: Inflation raises the cost of July 4 celebrations General Mills rallies after earnings topper and announcing a major cost savings initiative
Airports have had to use gazebos to shield passengers from sun as they wait to be processed, says Alexander Zinell The boss of 14 Greek airports has called for a serious overhaul of the EU’s new border checks, after being forced to erect gazebos for passengers to cope with queues. The chief executive of Fraport Greece, Alexander Zinell, joined a growing chorus of critics calling out “fundamental f...
Airports have had to use gazebos to shield passengers from sun as they wait to be processed, says Alexander Zinell The boss of 14 Greek airports has called for a serious overhaul of the EU’s new border checks, after being forced to erect gazebos for passengers to cope with queues. The chief executive of Fraport Greece, Alexander Zinell, joined a growing chorus of critics calling out “fundamental flaws” in the entry-exit system (EES), which requires non-EU passengers to have their fingerprints and photo taken at the start of the their trip and verified every time they leave or re-enter the Schengen zone. Continue reading...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Alexandra S. Levine reports on the uncomfortable feelings that come with exposing your life on social media. Tech Across the Globe Pivot to AI: Luxury real estate brokerage Douglas Elliman is betting artificial intelligence can expand its business beyond buying and sellin...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Alexandra S. Levine reports on the uncomfortable feelings that come with exposing your life on social media. Tech Across the Globe Pivot to AI: Luxury real estate brokerage Douglas Elliman is betting artificial intelligence can expand its business beyond buying and selling homes. Here’s where the technology fits in. Brain drain: Sonos parted ways with some top design and product management executives as part of its recent job cuts, raising questions about the company’s ability to develop breakthrough devices. Many of the leaders who departed had been with the brand for a decade or more. New AI model: SpaceX’s AI unit has unveiled a new model built in partnership with coding startup Cursor. Grok 4.5 is supposed to be more adept at finance, legal and coding tasks . Revalued Paradigm, the venture firm founded to invest in cryptocurrency companies, has raised a new $1.2 billion fund to make more bets outside of the sector, including on artificial intelligence and robotics. The fund is Paradigm’s third venture vehicle to date. Life online We may know a lot about social media. We may lurk a lot on social media. But for a team of reporters that’s been covering social media as long as we have — with our names, faces and work in the spotlight as part of the job — we sure are afraid to post there. When my Bloomberg colleagues and I recently realized that we share a reluctance to put ourselves out there online, we decided to conduct an experiment: For the month of June, we challenged ourselves to post every single day to at least one public platform. We spent the month self-reflecting on everything from engagement (unpredictable), to how the exercise made us feel (anxious), to why some of our jokes are so cringingly bad (still unsure, and my apologies). It turns out the dread we felt going into this experiment is more common than we realized, even for...
(RTTNews) - The UK stock market's benchmark index FTSE 100 drifted lower Thursday morning, extending losses from the previous session, weighed down by losses in healthcare, energy and consumer goods sectors. Bank and mining stocks gained notable ground in positive territory and h
(RTTNews) - The UK stock market's benchmark index FTSE 100 drifted lower Thursday morning, extending losses from the previous session, weighed down by losses in healthcare, energy and consumer goods sectors. Bank and mining stocks gained notable ground in positive territory and h
It wasn't easy to find anyone outside of SpaceX clamoring for a rocket like Starship just 10 years ago. Today, the space industry can't wait for Starship to finally deliver . With a payload capacity of more than 100 metric tons (220,000 pounds) to low-Earth orbit, SpaceX's new rocket is changing the thinking of just about everyone in the space industry. With the unrealized but potentially game-cha...
It wasn't easy to find anyone outside of SpaceX clamoring for a rocket like Starship just 10 years ago. Today, the space industry can't wait for Starship to finally deliver . With a payload capacity of more than 100 metric tons (220,000 pounds) to low-Earth orbit, SpaceX's new rocket is changing the thinking of just about everyone in the space industry. With the unrealized but potentially game-changing benefits of refueling, Starship could carry the same amount of payload to higher orbits, the Moon, or Mars. It's important to note that Starship is still very much in its experimental phase, far from proving Elon Musk's loftiest claims about what it can do. Still, NASA and the US military are considering novel ways to use Starship to fly to the Moon or transport cargo to far-flung war zones. Scientists are eager to use its enormous volume to launch giant space telescopes. Competitors are taking notice . China, the strongest strategic adversary America has ever faced, is looking for its own Starship . Now, some US satellite manufacturers are adapting for the substantial capacity of the world's most powerful rocket. Read full article Comments
(Bloomberg) -- The US equity market, with the S&P 500 hovering near all-time highs, is expensive. This isn’t controversial. Depending on which measure you use, US stocks have arguably been overpriced for several years. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsTrump Vents Anger With I...
(Bloomberg) -- The US equity market, with the S&P 500 hovering near all-time highs, is expensive. This isn’t controversial. Depending on which measure you use, US stocks have arguably been overpriced for several years. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’US Military Launches Strikes on Iran for Second Straight DayGre