Stocks in Asia were set to edge lower on Friday as investors grappled with a pullback in artificial-intelligence shares and hopes of a diplomatic resolution to tensions in the Middle East. Equity-index futures for Japan and South Korea pointed to losses at the open, while those for Hong Kong signaled gains. Contracts for US stocks were lower after investors rotated out of chipmakers and into a bro...
Stocks in Asia were set to edge lower on Friday as investors grappled with a pullback in artificial-intelligence shares and hopes of a diplomatic resolution to tensions in the Middle East. Equity-index futures for Japan and South Korea pointed to losses at the open, while those for Hong Kong signaled gains. Contracts for US stocks were lower after investors rotated out of chipmakers and into a broader range of sectors, helping lift the Dow Jones Industrial Average to a record high. The Nasdaq 100 fell 0.5%, recovering from an intraday decline of as much as 1.6%, while the S&P 500 rose 0.4%. US oil steadied in early Asian trading after falling in the previous session as investors bet the US and Iran were moving closer to a diplomatic breakthrough following a conditional ceasefire between Israel and Lebanon. The optimism came even after Hezbollah’s rejection on Thursday of a US-backed truce proposal in Lebanon. The blistering run in semiconductor stocks from war-driven lows took a breather as tech giant Broadcom’s forecast for sales of AI chips disappointed investors hoping for more. With chipmakers having rallied sharply on optimism around artificial-intelligence spending, some traders used the disappointment as an opportunity to lock in gains and rotate into sectors viewed as better positioned to benefit from a resilient economy. “The rally off the March lows has been an extremely strong one. In fact, it has been parabolic, especially for the chip stocks,” said Matt Maley at Miller Tabak. “Therefore, if the earnings report from Broadcom is the catalyst for a pullback that lasts more than a day or two, it would actually be healthy for the stock market.” Meanwhile, President Donald Trump said ceasefire talks are in the “final” stages. Earlier, Iran’s foreign minister said the negotiations had stalled. On Wednesday, Iran fired missiles and drones at Kuwait and Bahrain, killing one person and injuring dozens at Kuwait’s main airport, after the US struck an oil tanker he...
Corning (NYSE:GLW) has signed multi-year agreements to supply optical connectivity solutions for AI infrastructure to large customers including Meta. The company has also entered a technology and manufacturing partnership with Nvidia focused on AI data center connectivity. These arrangements are tied to a plan to expand Corning's U.S. manufacturing capacity for optical communications used in AI da...
Corning (NYSE:GLW) has signed multi-year agreements to supply optical connectivity solutions for AI infrastructure to large customers including Meta. The company has also entered a technology and manufacturing partnership with Nvidia focused on AI data center connectivity. These arrangements are tied to a plan to expand Corning's U.S. manufacturing capacity for optical communications used in AI data centers. Corning is best known for specialty glass and optical communications products that...
A job seeker visits the recruiting booth for Generali Global Assistance during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena in Sunrise, Florida, April 30, 2026. Joe Raedle | Getty Images The stronger-than-expected start this year for job creation could be in for a reality check when the Bureau of Labor Statistics releases the May nonfarm payrolls report Friday. Economi...
A job seeker visits the recruiting booth for Generali Global Assistance during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena in Sunrise, Florida, April 30, 2026. Joe Raedle | Getty Images The stronger-than-expected start this year for job creation could be in for a reality check when the Bureau of Labor Statistics releases the May nonfarm payrolls report Friday. Economists surveyed by Dow Jones expect the employment rolls to show that just 80,000 jobs were added during the month, which would mark a notch step down from the average of 150,000 over the prior two months, including 115,000 in April . Moreover, some prominent Wall Street voices think the month could feature some catch-up for a labor market that was teetering at this time last year, with risks to the downside for the headline number. "We're continuing to hear and see the low-hire, low-fire sentiment, which is that if you have a job, it's OK right now," said Laura Ullrich, director of economic research at Indeed Hiring Lab. "People are continuing this kind of job-hugging trend. But if you're looking for a job, it's a very hard time to find a job because hires are so low." Ullrich added that she "wouldn't be surprised" if the May number comes in at or below consensus. BLS data earlier this week showed a surprise jump in job openings for April, but the level of those quitting their jobs is at its lowest since August 2020, during the pandemic era. The consensus sees the unemployment rate holding steady at 4.3%. "From a macro point of view, we're going to see stagnation, because if people aren't leaving jobs and they're not creating new jobs, it's just a quite stagnant market," she said. watch now VIDEO 2:32 02:32 AI didn't break job market but it is reshuffling it, says Revelio Labs' Evan Sohn The Exchange Around Wall Street, expectations are muted as economists expect that mild weather and other seasonal factors helped boost the prior numbers other than in February, which saw a de...
CrowdStrike Holdings reported strong first‑quarter fiscal 2027 results, swinging to a US$27.77 million profit on revenue of US$1.39 billion, raised its full‑year revenue outlook, and announced a four‑for‑one stock split effective in early July 2026. Beyond the headline numbers, CrowdStrike is deepening its AI push by hiring former NVIDIA engineering leader Dr. Bartley Richardson as Chief AI and Au...
CrowdStrike Holdings reported strong first‑quarter fiscal 2027 results, swinging to a US$27.77 million profit on revenue of US$1.39 billion, raised its full‑year revenue outlook, and announced a four‑for‑one stock split effective in early July 2026. Beyond the headline numbers, CrowdStrike is deepening its AI push by hiring former NVIDIA engineering leader Dr. Bartley Richardson as Chief AI and Autonomous Systems Officer, aiming to advance “Security AGI” and more autonomous cyber...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Glenmede Chief of Investment, Strategy, and Research Jason Pride, Space Capital Founder & CEO Chad Anderson, World Labs Co-Founder & CEO Fei-Fei Li, SW Retail Advisors Founder & President Stacey Widlitz, SPG Global Managing Di...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Glenmede Chief of Investment, Strategy, and Research Jason Pride, Space Capital Founder & CEO Chad Anderson, World Labs Co-Founder & CEO Fei-Fei Li, SW Retail Advisors Founder & President Stacey Widlitz, SPG Global Managing Director Simon Gallagher, Goldman Sachs’ Asad Haider, Lazard Asset Management CIO Eric Van Nostrand, Coresight Research Founder & CEO Deborah Weinswig, The Conference Board Senior US Economist Yelena Shulyatyeva, Quantinuum CEO Raj Hazra, Ciena CEO Gary Smith, & Nike Global Football VP & GM Camilo Andrade. (Source: Bloomberg)
Shares of D-Wave Quantum (QBTS) surged nearly 49% in May. While the stock was caught up in the larger market rally -- the S&P 500 jumped 5.15% in May while the Nasdaq Composite soared 8.36% -- a major announcement from the federal government sent shares flying. The biggest catalyst came later in the month from the U.S. Department of Commerce, which announced it will invest $2 billion in the quantu...
Shares of D-Wave Quantum (QBTS) surged nearly 49% in May. While the stock was caught up in the larger market rally -- the S&P 500 jumped 5.15% in May while the Nasdaq Composite soared 8.36% -- a major announcement from the federal government sent shares flying. The biggest catalyst came later in the month from the U.S. Department of Commerce, which announced it will invest $2 billion in the quantum industry under the CHIPS and Science Act. Nine quantum computing companies -- including D-Wave -- will receive funds. The government and D-Wave signed a letter of intent for a $100 million investment in exchange for an equity stake. The market's reaction to the news was immediate. D-Wave stock surged over 33% that day alone, as investors digested the news of such a large investment from the federal government. Continue reading
Terry Duffy , the chief executive officer of CME Group Inc. , said he is “very concerned” about the rise of so-called perpetual futures, an increasingly popular kind of financial contract that recently won key US regulatory approval. Duffy said that perps, as they are known, will have little practical use for institutional investors at the same time that they give retail traders access to excessiv...
Terry Duffy , the chief executive officer of CME Group Inc. , said he is “very concerned” about the rise of so-called perpetual futures, an increasingly popular kind of financial contract that recently won key US regulatory approval. Duffy said that perps, as they are known, will have little practical use for institutional investors at the same time that they give retail traders access to excessive levels of risk. “I have grave concerns with the way these contracts are set up,” Duffy said Thursday at the Piper Sandler Global Exchange & Fintech Conference. “I don’t like to see people that don’t understand products to potentially get blown out of a contract that they shouldn’t be in the first place.” Duffy’s comments came just days after the Commodity Futures Trading Commission signed off on the first perps tied to the price of cryptocurrencies. Perps allow traders to take leveraged positions on an asset’s future price without the expiration dates that govern traditional futures contracts. Read More: CFTC Paves Way for Crypto’s Trillion-Dollar Offshore Trade Exchange operators CME Group and Intercontinental Exchange Inc. had previously pressed US regulators to rein in Hyperliquid, an unregulated crypto platform that has brought perps to prominence around the world, Bloomberg previously reported . A number of US exchanges have recently discussed introducing their own perps. Duffy had sharp words for the CFTC’s decision to approve the first perps contracts after a relatively quick review with little time for public comment. “I totally disagree with the government, and I’ll deal with it as we need to move forward,” he said. Duffy said in a separate interview that he called the chair of the CFTC, Michael Selig, the day the approval was announced to express his concern. The CFTC did not immediately respond to a request for comment. The first perps approved by the CFTC are listed by Kalshi Inc., which is expanding beyond its primary business in prediction markets for the fi...
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.53%. June E-mini S&P futures (ESM26 ) rose +0.36%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.53%. June E-mini S&P futures (ESM26 ) rose +0.36%, and June E-mini Nasdaq futures...
Investors in Micron Technology (MU) stock have laughed all the way to the bank over the past year, especially those who bought into the AI memory story early. Putting the rally in context, Micron stock has gained almost 100% in the past month alone and over 350% over the past six months, ...
Investors in Micron Technology (MU) stock have laughed all the way to the bank over the past year, especially those who bought into the AI memory story early. Putting the rally in context, Micron stock has gained almost 100% in the past month alone and over 350% over the past six months, ...
Autodesk Stock Rally: Why Momentum May Not Be Done YetAutodesk (NASDAQ:ADSK) executives said the company’s recently announced acquisition of MaintainX is intended to extend its software strategy from design and construction into the operations phase of an asset’s life cycle, posi
Autodesk Stock Rally: Why Momentum May Not Be Done YetAutodesk (NASDAQ:ADSK) executives said the company’s recently announced acquisition of MaintainX is intended to extend its software strategy from design and construction into the operations phase of an asset’s life cycle, posi
Concrete Pumping (NASDAQ:BBCP) reported stronger second-quarter results and raised its fiscal 2026 outlook, citing continued momentum in U.S. commercial and infrastructure markets, improved fleet utilization and growing work tied to data centers and chip plants. On the company’s
Concrete Pumping (NASDAQ:BBCP) reported stronger second-quarter results and raised its fiscal 2026 outlook, citing continued momentum in U.S. commercial and infrastructure markets, improved fleet utilization and growing work tied to data centers and chip plants. On the company’s
Sometimes it takes a while for them to surface. The fact of the matter is, though, competitors will always eventually take aim at a market's leaders, often with a superior solution. That's what's happening within the payments arena right now. After years of chipping away at the dominance of cash and check-based payments, now credit card middlemen like Visa (NYSE: V) and Mastercard (NYSE: MA) are f...
Sometimes it takes a while for them to surface. The fact of the matter is, though, competitors will always eventually take aim at a market's leaders, often with a superior solution. That's what's happening within the payments arena right now. After years of chipping away at the dominance of cash and check-based payments, now credit card middlemen like Visa (NYSE: V) and Mastercard (NYSE: MA) are facing unexpected opponents. It's not mobile or digital wallets either; despite their once-strong hype, this option accounted for only about 1% of consumer purchase payments in the United States last year . No, this up-and-coming rival is "pay-by-bank" payments that let a merchant directly withdraw funds from a consumer's bank account, bypassing card payment networks and, subsequently, their higher processing fees. But is this alternative an actual threat to credit and debit card companies? Continue reading
Spain will depart from Santiago de Compostela at 10am on Friday morning bound for Chattanooga, via Nashville, but seven of the eight men who made their debuts in the final preparation game before the World Cup will not be on board with them. Nor will the seleccion be flying west with a victory after they bid adios with a 1-1 draw against Iraq at Estadio Riazor. Which may not sound very good – and ...
Spain will depart from Santiago de Compostela at 10am on Friday morning bound for Chattanooga, via Nashville, but seven of the eight men who made their debuts in the final preparation game before the World Cup will not be on board with them. Nor will the seleccion be flying west with a victory after they bid adios with a 1-1 draw against Iraq at Estadio Riazor. Which may not sound very good – and it really was not very good either, a 22-minute cameo from Mikel Merino about the best thing about it – but is no cause for alarm. Luis de la Fuente’s side will still be among the favourites in the US, Canada and Mexico and rightly so; this was not really his side, at least not recognisably so. Continue reading...
Never miss an episode. Follow The Big Take daily podcast today. President Rodrigo Paz ended 20 years of socialist rule in Bolivia with promises of unity, democracy and prosperity — and plans to tap the country’s mineral wealth. But when host David Gura went to Bolivia to interview the president, he found a harsher reality: demonstrators blockading La Paz’s streets to demand the president’s resigna...
Never miss an episode. Follow The Big Take daily podcast today. President Rodrigo Paz ended 20 years of socialist rule in Bolivia with promises of unity, democracy and prosperity — and plans to tap the country’s mineral wealth. But when host David Gura went to Bolivia to interview the president, he found a harsher reality: demonstrators blockading La Paz’s streets to demand the president’s resignation. On today’s Big Take podcast, Gura shows how Bolivians’ centuries-old distrust of government is complicating President Paz’s efforts to persuade Bolivians – and investors – that this time is different. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Listen and follow The Big Take on Apple Podcasts , Spotify or wherever you get your podcasts. Terminal clients: Visit NSUB to subscribe. This episode was produced by: David Fox; Editors: Jeffrey Grocott and Tracey Samuelson; Fact-checker: Rachael Lewis-Krisky and Laura Newcombe; Sound Design/Engineer: Alex Sugiura; Senior Producer: Naomi Shavin; Senior Editor: Elisabeth Ponsot; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.