(RTTNews) - The UK market's benchmark index FTSE 100 gained modest ground in positive territory Friday morning despite lingering concerns about Middle East tensions, and reports saying Hezbollah has rejected a new ceasefire agreement with Israel.
(RTTNews) - The UK market's benchmark index FTSE 100 gained modest ground in positive territory Friday morning despite lingering concerns about Middle East tensions, and reports saying Hezbollah has rejected a new ceasefire agreement with Israel.
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner reports on Meta Platforms’ AI ambitions. Tech Across the Globe Amazon’s rough road in India: More than a decade after entering India, the e-commerce giant’s business has faced more challenges than expected. It occupies an awkward middle position in the market ...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner reports on Meta Platforms’ AI ambitions. Tech Across the Globe Amazon’s rough road in India: More than a decade after entering India, the e-commerce giant’s business has faced more challenges than expected. It occupies an awkward middle position in the market . New AI entry: Airbnb co-founder and Chief Executive Officer Brian Chesky is starting a new artificial intelligence lab. It’s a crowded field . Whistleblower claims: IBM and AT&T’s computer systems were repeatedly breached by foreign hackers, according to a lawsuit from a former IBM cybersecurity official. The suit was recently unsealed and offers a rare account of alleged security failures . Revalued Ramp, a startup that offers AI software to help businesses handle their bookkeeping, raised $750 million in a funding round that valued the company at $44 billion. The New York-based company has grown significantly in the past year — and its valuation has reflected that expansion by nearly tripling across multiple fundraising rounds. Vision of a bot future Meta Platforms has some of the world’s largest consumer products. It has four apps with well over 1 billion users. If all goes well, artificial inteligence agents may be next on the list. On Thursday, I interviewed Alexandr Wang , Meta’s chief AI officer, at the Bloomberg Tech conference in San Francisco about a range of topics, including the company’s upcoming AI models and his views on China as an AI threat. One of the more revealing parts of the conversation centered on AI agents, and it was clear that Meta sees a lot of potential in creating the bot sidekicks that will ultimately help businesses and regular consumers run their lives. Meta this week announced it would start selling access to a business agent for the first time to handle tasks like customer inquiries — a welcome sign to investors who have been waiting for...
The CEO of Taiwan Semiconductor Manufacturing Co., C.C. Wei, issued a warning over manufacturing capacity constraints and signaled openness to future price hikes. During the Thursday pre-market trading session, the stock fell 2.08%. Wei’s comments were made during TSMC’s annual...
The CEO of Taiwan Semiconductor Manufacturing Co., C.C. Wei, issued a warning over manufacturing capacity constraints and signaled openness to future price hikes. During the Thursday pre-market trading session, the stock fell 2.08%. Wei’s comments were made during TSMC’s annual...
Dragon Claws/iStock via Getty Images My last article on GeoPark ( GPRK ) detailed my worries about the venture into Argentina. At the time of that article, Exxon Mobil ( XOM ) had exited from Argentina. The likely reason for that exit is that the political atmosphere in Argentina tends to swing violently to the extreme left and right. This makes it difficult to plan any kind of long-term action. R...
Dragon Claws/iStock via Getty Images My last article on GeoPark ( GPRK ) detailed my worries about the venture into Argentina. At the time of that article, Exxon Mobil ( XOM ) had exited from Argentina. The likely reason for that exit is that the political atmosphere in Argentina tends to swing violently to the extreme left and right. This makes it difficult to plan any kind of long-term action. Right now, the country has "got the welcome mat out" and is very much encouraging oil and gas development. If the past is any guide, at some point in the future that will change dramatically. But for the time being, the higher oil and gas prices are providing cover for the industry to develop the country's reserves while earning a decent return. That should provide a profitable period for GeoPark. That likely means that this idea can be upgraded to a buy with the idea that the investment will need some monitoring to avoid a political swing to the other extreme (along with the financial consequences that go with it). Possible Dividend Suspension The company is going to use that dividend to invest in the new Argentina venture. GeoPark Shareholder Returns Summary (GeoPark Corporate Presentation March 2026) What has changed is the growing realization that commodity prices are likely to remain higher for longer. That may well enable the dividend to continue. But at least there was notice of a possible suspension. If it does happen, then no one should be surprised. What needs to be determined is the pace of ongoing capital spending in the face of higher commodity prices. Many smaller companies are raising their activity levels to accommodate the much friendlier industry atmosphere. The key idea is that even if the dividend is suspended, that money is being invested to expand the business while keeping borrowing requirements down. When that dividend does return, it is very likely that the goal will be to grow the dividend beyond current levels should the growth prove to be successf...
Head coach looks forward to leading Sweden at World Cup after reflecting on failures with Chelsea and West Ham If management has taught Graham Potter anything it is that there is no point in trying to run away from failure. “You’ve got to face the bad stuff,” the 51-year-old says as he thinks about how he recovered from bruising spells at Chelsea and West Ham. “The more you face it, the more chanc...
Head coach looks forward to leading Sweden at World Cup after reflecting on failures with Chelsea and West Ham If management has taught Graham Potter anything it is that there is no point in trying to run away from failure. “You’ve got to face the bad stuff,” the 51-year-old says as he thinks about how he recovered from bruising spells at Chelsea and West Ham. “The more you face it, the more chance your life is better. Then you get these beautiful moments.” Potter is in reflective, occasionally punchy mood during a long conversation about a rollercoaster few years and the brutal life of a football manager. He points out there have also been some successes – he has, after all, lifted Sweden out of the doldrums and led them into the World Cup – but knows people tend to focus on the lows. Potter lasted seven months at Chelsea after leaving the stability of Brighton in September 2022. Then, after a long spell out, he was tempted back when West Ham came calling at the start of last year. Continue reading...
Haunting the Black Air by Anthony Joseph; Selected Poems by Leontia Flynn; Sparrow on the Rooftop by Rachel Long; You Must Live: New Poetry from Palestine, edited by Jorie Graham; Melete by Jennifer Lee Tsai; Somebody Should Have Pressed Record by Galia Admoni Haunting the Black Air by Anthony Joseph (Bloomsbury, £12.9 9) Joseph’s follow-up to the TS Eliot prize-winning Sonnets for Albert sees his...
Haunting the Black Air by Anthony Joseph; Selected Poems by Leontia Flynn; Sparrow on the Rooftop by Rachel Long; You Must Live: New Poetry from Palestine, edited by Jorie Graham; Melete by Jennifer Lee Tsai; Somebody Should Have Pressed Record by Galia Admoni Haunting the Black Air by Anthony Joseph (Bloomsbury, £12.9 9) Joseph’s follow-up to the TS Eliot prize-winning Sonnets for Albert sees his poetic approach become more radical. He pays homage to avant garde writers such as Will Alexander and Nathaniel Mackey, while exploring “Nostalgia, mostly grief, / a haunting sound – / the frequency of some / magnetic feeling.” That makes for challenging syntax on first reading the poems. Persist, and Joseph’s unabashed lyricism shines through, finding beauty on dancefloors, city streets and in Trinidadian landscapes: “the way music fills the room, how we embrace until / we become flare bright, light as the white refraction / of the sun upon the summit of hills.” Selected Poems by Leontia Flynn (Carcanet, £14.99) She was a Next Generation poet and Forward prize winner; it’s a shock to remember that Flynn has been publishing for more than 20 years, so fresh do her poems remain. This assembly is a glorious reintroduction to her mordant wit, imaginative image-making and unerring ability to puncture pretension. Letter to Friends from 2011 is a brilliant, Auden-esque dissection of the early 21st century, worth a library of political analyses: “daily threats brought to our Way of Life / by man-made imminent apocalypse / though neither really outweighs private grief”. There are pleasures on every page. Continue reading...
Detainees say they’re given ‘rotten’ water and denied meals for not signing papers in English that they don’t understand Detainees at Florida’s notorious “ Alligator Alcatraz ” immigration jail said guards were denying them food and fresh water on Thursday until they signed documents presented to them in English that they did not understand. In an audio recording of a telephone call to an immigrat...
Detainees say they’re given ‘rotten’ water and denied meals for not signing papers in English that they don’t understand Detainees at Florida’s notorious “ Alligator Alcatraz ” immigration jail said guards were denying them food and fresh water on Thursday until they signed documents presented to them in English that they did not understand. In an audio recording of a telephone call to an immigration advocacy group heard by the Guardian, more than half a dozen detainees alleged that the water given to them over the last three days was “rotten” and containing mosquito larvae, in an apparent attempt to pressure them to sign. Continue reading...
(Bloomberg Markets) -- The stock market keeps setting records. Bitcoin has minted millionaires. Gold has peaked at new levels. Yet one of the most popular trades is to sit in cash or, more precisely, money-market funds. These plain‑vanilla vehicles, which invest in short‑term debt, have become the default parking spot for everyone from retail savers to corporate treasurers.Most Read from Bloomberg...
(Bloomberg Markets) -- The stock market keeps setting records. Bitcoin has minted millionaires. Gold has peaked at new levels. Yet one of the most popular trades is to sit in cash or, more precisely, money-market funds. These plain‑vanilla vehicles, which invest in short‑term debt, have become the default parking spot for everyone from retail savers to corporate treasurers.Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every
A Hong Kong tour guide accused of threatening visitors into making shopping purchases has been struck off for damaging the sector’s reputation and breaching professional conduct, in the second disciplinary action of its kind in less than two months. The Travel Industry Authority said on Friday it revoked Siu Man-chung’s tour guide licence after investigating complaints that Siu made “inappropriate...
A Hong Kong tour guide accused of threatening visitors into making shopping purchases has been struck off for damaging the sector’s reputation and breaching professional conduct, in the second disciplinary action of its kind in less than two months. The Travel Industry Authority said on Friday it revoked Siu Man-chung’s tour guide licence after investigating complaints that Siu made “inappropriate remarks” to pressure inbound mainland Chinese visitors into shopping during tours conducted between...
The hooded supervillain is a scientist, a sorcerer, a monarch and a mummy’s boy – Robert Downey Jr’s Doom should be all these things and more, radiating history, magic and the biggest ego The problem with building the next stage of your superhero franchise around Doctor Doom is that nobody really knows if he is Marvel’s Darth Vader, or just the guy from those terrible 20th Century Fox films. We wo...
The hooded supervillain is a scientist, a sorcerer, a monarch and a mummy’s boy – Robert Downey Jr’s Doom should be all these things and more, radiating history, magic and the biggest ego The problem with building the next stage of your superhero franchise around Doctor Doom is that nobody really knows if he is Marvel’s Darth Vader, or just the guy from those terrible 20th Century Fox films. We wouldn’t even be getting Doom in the forthcoming Avengers: Doomsday if Marvel’s original post-Thanos masterplan had not collapsed when Jonathan Majors, who played Kang, was dropped from the franchise . And we don’t really know if the subsequent casting of Robert Downey Jr (previously Marvel’s Iron Man) in the role is some kind of ingenious masterstroke that will all make sense when we finally see the finished film, or just an expensive nostalgia panic button. The stakes are so high here that the geekosphere is delving into every possible clue, no matter how fleeting, as to which version of Doom we might be getting in the film. Will this be a flamboyant, comics-accurate take on the Latverian dictator? Or will Marvel dip into the multiverse of convenience and deliver an iteration that is little more than Tony Stark in eastern Europe? Continue reading...
In this article AVGO UBER META Follow your favorite stocks CREATE FREE ACCOUNT This report is from this week's The Tech Download newsletter. Like what you see? You can subscribe here. This week has been dominated by the hype around the highly anticipated IPOs of SpaceX, Anthropic and OpenAI. When Elon Musk 's SpaceX priced its IPO at $135 a share, giving the company a record $1.77 trillion valuati...
In this article AVGO UBER META Follow your favorite stocks CREATE FREE ACCOUNT This report is from this week's The Tech Download newsletter. Like what you see? You can subscribe here. This week has been dominated by the hype around the highly anticipated IPOs of SpaceX, Anthropic and OpenAI. When Elon Musk 's SpaceX priced its IPO at $135 a share, giving the company a record $1.77 trillion valuation, investors were left with one overriding question: Was it justified? The same question now hangs over Anthropic and OpenAI. Anthropic co-founder and CEO Dario Amodei speaks on an artificial intelligence panel during Inbound 2025 Powered by HubSpot at Moscone Center on in San Francisco, Sept. 4, 2025. Chance Yeh | Getty Images Entertainment | Getty Images Will Anthropic's valuation stand up in the cold light of the public markets? First blood to Anthropic. In the mad race to be the premier AI lab in the world, the company took a big step this week towards pipping bitter rival OpenAI to a public market listing. Anthropic is likely looking to take advantage of the huge momentum it's seen in recent months. It hit a $965 billion valuation and reported a $47 billion revenue run rate towards the end of May. The company's confidential filing of its IPO prospectus with the Securities and Exchange Commission (SEC) on Monday capped off a remarkable few months for Anthropic, following a very public spat with the U.S. Department of Defense in February. The listing, alongside OpenAI's eventual move towards an IPO, will test appetite for pure-play frontier AI companies — a class of businesses that have up until now avoided the cold light of the public markets. Gross margin "Anthropic filing a confidential S-1 starts the clock on what will be the most scrutinized public offering in tech history," Harrison Rolfes, analyst at PitchBook, said. But, he added that the number that determines everything won't be the $965 billion valuation or the $47 billion revenue run rate — but gross margin....
Back in 2002, Porsche fans sputtered with rage as the Cayenne made its debut at the Paris Motor. More than 20 years later, Porsche now sells more SUVs than anything else in its lineup. Last year, the Macan and Cayenne accounted for 62 percent of all Porsche sales. Now, these SUVs are trolling traditionalists in a whole new way: They've gone electric, with a Cayenne Electric joining a smaller plug-...
Back in 2002, Porsche fans sputtered with rage as the Cayenne made its debut at the Paris Motor. More than 20 years later, Porsche now sells more SUVs than anything else in its lineup. Last year, the Macan and Cayenne accounted for 62 percent of all Porsche sales. Now, these SUVs are trolling traditionalists in a whole new way: They've gone electric, with a Cayenne Electric joining a smaller plug-in Macan . And the Cayenne Coupe Turbo is fast enough to have 911 owners looking over their shoulders. Even Porsche's hardcore fans, the kind who attend Lollapalooza-type festivals to worship a bygone age of air-cooled engines, have to give the Tur … Read the full story at The Verge.
NEW YORK, June 05, 2026 (GLOBE NEWSWIRE) -- G-III Apparel Group, Ltd. (NasdaqGS: GIII) (“G-III” or the “Company”) today reported results for the first quarter of fiscal year 2027, ended April 30, 2026.
NEW YORK, June 05, 2026 (GLOBE NEWSWIRE) -- G-III Apparel Group, Ltd. (NasdaqGS: GIII) (“G-III” or the “Company”) today reported results for the first quarter of fiscal year 2027, ended April 30, 2026.
From now until June 12, all eyes are on SpaceX as investors await the company's heavily anticipated initial public offering (IPO). With a valuation of nearly $2 trillion, it's likely to be the largest IPO in market history. But SpaceX will leave its mark on many areas of the market, and you may end up owning shares whether you intend to or not. This situation is especially true for investors who o...
From now until June 12, all eyes are on SpaceX as investors await the company's heavily anticipated initial public offering (IPO). With a valuation of nearly $2 trillion, it's likely to be the largest IPO in market history. But SpaceX will leave its mark on many areas of the market, and you may end up owning shares whether you intend to or not. This situation is especially true for investors who own broad-market funds that track major indexes, such as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) . Here's why investors should be paying attention. Image source: Getty Images. Continue reading