Good morning . Middle East tensions flare anew as Donald Trump urges Israel and Iran to stop shooting. Banks prepare for job cuts as AI takes hold. And Men in Blazers is coming to take over the World Cup. Listen to the day’s top stories . — Marc Perrier Market Snapshot S&P 500 Futures 7,427.25 +0.4% Nasdaq 100 Futures 29,237.50 +0.7% WTI crude oil futures $93.88 +3.7% Market data as of 07:00 AM ET...
Good morning . Middle East tensions flare anew as Donald Trump urges Israel and Iran to stop shooting. Banks prepare for job cuts as AI takes hold. And Men in Blazers is coming to take over the World Cup. Listen to the day’s top stories . — Marc Perrier Market Snapshot S&P 500 Futures 7,427.25 +0.4% Nasdaq 100 Futures 29,237.50 +0.7% WTI crude oil futures $93.88 +3.7% Market data as of 07:00 AM ET. Data is subject to provider delays. Israel and Iran exchanged missile strikes on Monday as Donald Trump urged the two sides to stop shooting and said they’re discussing a ceasefire. Adding to the tensions, the Houthis—an Iran-backed militant group that controls much of Yemen—announced a ban on Israeli ships in the Red Sea, threatening a key alternative route to the Strait of Hormuz. Follow the latest with our live blog . Oil prices surged as Middle East tensions intensified . Nasdaq futures, meanwhile, rose following a tech-led selloff as investor confidence in the artificial intelligence theme remained intact. Nvidia CEO Jensen Huang described the recent global tech stock selloff as a buying opportunity , arguing that the AI buildout is still in its early stages. Watch this video for the latest market themes. Trump said the Federal Reserve would be wrong to raise interest rates , pushing back in an interview with NBC’s Meet the Press on speculation fueled by the blowout May jobs report . In the same interview, the president said he wants to revive his $1.8 billion anti-weaponization fund and did not rule out compensating Jan. 6 rioters convicted of assaulting police officers. The testy interview ended with Trump abruptly walking out. LA Mayor Race Flips as Socialist Beats Reality TV Star Pratt Read more Peru’s bitterly contested presidential election remained too close to call , with Conservative Keiko Fujimori edging ahead of leftist candidate Roberto Sánchez as votes continued to be counted. A full official count isn’t expected until mid-July, when any challenged votes...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Ed Ludlow looks at the PC and smartphone market as Apple prepares to release revamped artificial intelligence features for its Siri digital assistant. Tech Across the Globe Nvidia tightens partnership with SK Hynix: Nvidia’s Jensen Huang said the chipmaker’s new central p...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Ed Ludlow looks at the PC and smartphone market as Apple prepares to release revamped artificial intelligence features for its Siri digital assistant. Tech Across the Globe Nvidia tightens partnership with SK Hynix: Nvidia’s Jensen Huang said the chipmaker’s new central processing unit will use memory chips from SK Hynix. The deal deepens the companies’ ties . US AI adviser departs: Sriram Krishnan, a top White House adviser on artificial intelligence and a former Andreessen Horowitz partner, is stepping down from the post. He helped develop the administration’s AI action plan . AI recruitment: JPMorgan Chase is hiring Singapore-based Tahir Zafar, Nomura Holdings international head of AI strategy. It’s part of a pattern on Wall Street . Revalued China’s Moonshot AI is seeking as much as $2 billion in a new funding round that would value the startup at $30 billion — its third financing in six months — to keep pace with rivals in the country’s intensifying artificial intelligence competition. Looking to the future Apple may finally fix its AI-powered voice assistant Siri this week. Nvidia may have just unveiled the future of why we buy PCs. Neither development is likely to stop the smartphone and PC markets from shrinking. That’s a surprising statement. Expectations are running high for Apple’s Worldwide Developers Conference , where the company is expected later Monday to unveil the biggest overhaul of Siri in years, including a chatbot-style interface and deeper integration across the iPhone, iPad and Mac. Just last week, Nvidia unveiled RTX Spark, a super chip — central processing unit (CPU) and graphics processing unit (GPU) — designed to bring more powerful AI capabilities to personal computers. Both announcements are built on the same hope: that in the end better artificial intelligence will persuade consumers to upgrade their devices s...
It feels like there's no escaping AI right now, whether you’re trying to type a sentence without being interrupted by a digital “assistant” or struggling to find a new refrigerator that doesn’t require a Wi-Fi connection for some reason. You’d be forgiven for wondering if we’re in the midst of a quantum leap in tech or whether people are just hyping up a heap of slop. So what should we make of the...
It feels like there's no escaping AI right now, whether you’re trying to type a sentence without being interrupted by a digital “assistant” or struggling to find a new refrigerator that doesn’t require a Wi-Fi connection for some reason. You’d be forgiven for wondering if we’re in the midst of a quantum leap in tech or whether people are just hyping up a heap of slop. So what should we make of the growing use of AI in weather and climate modeling? The conversation didn't get off to a great start earlier this year when a National Weather Service office posted a forecast map featuring nonexistent cities in Idaho with names like “Whata Bod” and “Orangeotild.” Thankfully, that was just an AI-generated image produced for social media, not the actual forecast model. Meteorologists and climate scientists are not yet being replaced by large language model prompt engineers. Read full article Comments
JHVEPhoto The UK’s Competition and Markets Authority, CMA launched a probe into eBay’s ( EBAY ) $1.2B planned acquisition of Depop from Etsy ( ETSY ). Depop is a UK-founded, Gen Z-focused fashion resale platform competing in the “recommerce” space. It was acquired by Etsy in 2021 and later agreed to be sold to eBay ( EBAY ). The cutoff date for the CMA’s Phase 1 verdict is August 6, 2026. By the P...
JHVEPhoto The UK’s Competition and Markets Authority, CMA launched a probe into eBay’s ( EBAY ) $1.2B planned acquisition of Depop from Etsy ( ETSY ). Depop is a UK-founded, Gen Z-focused fashion resale platform competing in the “recommerce” space. It was acquired by Etsy in 2021 and later agreed to be sold to eBay ( EBAY ). The cutoff date for the CMA’s Phase 1 verdict is August 6, 2026. By the Phase 1 decision deadline, the CMA must either approve the deal, approve it with conditions (such as divestments or operational limits), or refer it to a Phase 2 investigation for a deeper review if it believes the merger may harm competition. More on eBay eBay Inc. (EBAY) Presents at 23rd annual dbAccess Global Consumer Conference Transcript Wall Street Lunch: EBay Rejects GameStop Takeover Proposal eBay: GameStop Bid Doesn't Add Up GameStop's Ryan Cohen bracing for hostile fight for eBay These 10 large-cap consumer discretionary stocks are the least attractively valued based on valuation grades
On Friday, June 5, 2026, the MicroSectors FANG Innovation 3x Leveraged ETN (NYSEARCA:BULZ) closed at $41.05, down roughly 18% from the prior close of $49.89. If you held $10,000 of BULZ at Thursday’s close, you woke up Saturday with roughly $8,228 and a question about what just happened. The honest answer is that nothing exotic ... The 3x Leverage That Built a 192% Year Just Took Back 18% in Hours
On Friday, June 5, 2026, the MicroSectors FANG Innovation 3x Leveraged ETN (NYSEARCA:BULZ) closed at $41.05, down roughly 18% from the prior close of $49.89. If you held $10,000 of BULZ at Thursday’s close, you woke up Saturday with roughly $8,228 and a question about what just happened. The honest answer is that nothing exotic ... The 3x Leverage That Built a 192% Year Just Took Back 18% in Hours
aluxum/E+ via Getty Images Here's a quick look at the stocks that are seeing gap-up moves before the bell Monday. Stock index futures ( SPX ) were mixed on Monday as tech recovered after a major selloff in the sector on Friday. Company Move American Battery Technology Co. ( ABAT ) +38.6% Shattuck Labs, Inc. ( STTK ) +16.2% Solidion Technology, Inc. ( STI ) +12.6% Cullinan Therapeutics, Inc. ( CGEM...
aluxum/E+ via Getty Images Here's a quick look at the stocks that are seeing gap-up moves before the bell Monday. Stock index futures ( SPX ) were mixed on Monday as tech recovered after a major selloff in the sector on Friday. Company Move American Battery Technology Co. ( ABAT ) +38.6% Shattuck Labs, Inc. ( STTK ) +16.2% Solidion Technology, Inc. ( STI ) +12.6% Cullinan Therapeutics, Inc. ( CGEM ) +11.8% Nurix Therapeutics, Inc. ( NRIX ) +9.5% Marvell Technology, Inc. ( MRVL ) +7.0% Click to enlarge More on markets Monthly Macro Monitor: Nothing To See Here A Critical Week For The Markets Ahead SpaceX, Like Other Big IPOs, Has Disappointed Buyers, I'm Passing Stock index futures mixed as tech recovers after selloff Global stocks extend retreat as rate hike fears, Middle East tensions rattle markets
Harmonie Perrone, 28, is suing Advocate Good Shepherd in Illinois, where reproductive rights are enshrined in law Harmonie Perrone, 28, knew she was probably having an ectopic pregnancy, and she knew exactly what she needed to do: seek medical care immediately, before life-threatening complications set in. But she was denied that care twice as she feared for her life – and, after the delay in care...
Harmonie Perrone, 28, is suing Advocate Good Shepherd in Illinois, where reproductive rights are enshrined in law Harmonie Perrone, 28, knew she was probably having an ectopic pregnancy, and she knew exactly what she needed to do: seek medical care immediately, before life-threatening complications set in. But she was denied that care twice as she feared for her life – and, after the delay in care, she lost her fertility, she says in a new lawsuit filed Monday. Continue reading...
Robert Wyland’s depiction of ocean life was covered up for a World Cup promotion – now he wants retribution • World Cup newsletter | Daily podcast | Get the app Florida-based artist Robert Wyland – who legally changed his name to simply “Wyland” years ago – was recently busy in his studio in the Florida Keys doing what he always does: painting or sculpting vibrant, vivid scenes of aquatic life. Th...
Robert Wyland’s depiction of ocean life was covered up for a World Cup promotion – now he wants retribution • World Cup newsletter | Daily podcast | Get the app Florida-based artist Robert Wyland – who legally changed his name to simply “Wyland” years ago – was recently busy in his studio in the Florida Keys doing what he always does: painting or sculpting vibrant, vivid scenes of aquatic life. Then his assistant walked in. Wyland, 69, has earned international acclaim for his “whaling walls,” a series of larger-than-life murals across the United States and abroad, many which have become iconic parts of the fabric of American cities. Peacefully depicting the largest mammals on earth on warehouses and office buildings, the murals’ whales lumber along gracefully, offering city goers a moment or two of tranquillity amid chaos. Continue reading...
Guardian analysis finds facilities to be built in some of the driest areas as outcry grows over water needed to power AI A record-shattering drought has racked much of the US. But the artificial intelligence industry is pushing ahead regardless, with the majority of planned datacenters set to be built in drought-ridden locations, a Guardian analysis has found. About two-thirds of upcoming datacent...
Guardian analysis finds facilities to be built in some of the driest areas as outcry grows over water needed to power AI A record-shattering drought has racked much of the US. But the artificial intelligence industry is pushing ahead regardless, with the majority of planned datacenters set to be built in drought-ridden locations, a Guardian analysis has found. About two-thirds of upcoming datacenters, which typically require a large amount of water to operate, are set to be built in places that have been among the driest in the country over the past year. Continue reading...
Chinese tech giant Tencent Holdings plans to issue new notes to international investors in the coming year, joining the fundraising wave by Hong Kong-listed AI companies looking to fund expansion in the rapidly growing sector. The Shenzhen-based firm updated its global medium-term note programme with a maximum limit of US$30 billion, proposing an international offering to certain professional inve...
Chinese tech giant Tencent Holdings plans to issue new notes to international investors in the coming year, joining the fundraising wave by Hong Kong-listed AI companies looking to fund expansion in the rapidly growing sector. The Shenzhen-based firm updated its global medium-term note programme with a maximum limit of US$30 billion, proposing an international offering to certain professional investors in the coming 12 months, according to exchange filings on Monday. The net proceeds would be...
MINNEAPOLIS, June 08, 2026--In partnership with Meta, Best Buy is bringing Meta Lab @ Best Buy to more than 50 of its stores this summer. These 900-square-foot experiential spaces give customers a hands-on way to explore Meta’s full product lineup of AI glasses and VR headsets through interactive demos and displays, smart mirrors, personalized fittings and more.
MINNEAPOLIS, June 08, 2026--In partnership with Meta, Best Buy is bringing Meta Lab @ Best Buy to more than 50 of its stores this summer. These 900-square-foot experiential spaces give customers a hands-on way to explore Meta’s full product lineup of AI glasses and VR headsets through interactive demos and displays, smart mirrors, personalized fittings and more.
Apple's biggest event of the year is nearly here. The company's Worldwide Developers Conference will spotlight updates to iOS, macOS, and all of Apple's other operating systems, and this year's event could also include a major overhaul for Siri. Here's how you can watch along live. When WWDC will happen and where you can watch it WWDC lasts a few days, but Apple's biggest announcements will be in ...
Apple's biggest event of the year is nearly here. The company's Worldwide Developers Conference will spotlight updates to iOS, macOS, and all of Apple's other operating systems, and this year's event could also include a major overhaul for Siri. Here's how you can watch along live. When WWDC will happen and where you can watch it WWDC lasts a few days, but Apple's biggest announcements will be in the keynote presentation on June 8th at 1PM ET / 10AM PT. The full presentation usually lasts a couple of hours. You can watch it live on YouTube or from Apple's website . What to expect from Apple's WWDC keynote Apple's annual OS updates. WWDC … Read the full story at The Verge.
Uber Technologies Inc. has set up a waitlist for customers interested in riding in a robotaxi in London, ahead of a planned commercial debut in the UK this year. Customers in the UK can join an “interest list” in the Uber app starting Monday to indicate their preference and increase their chances of being matched with a Wayve Technologies Ltd. robotaxi when the service begins, Uber said in a state...
Uber Technologies Inc. has set up a waitlist for customers interested in riding in a robotaxi in London, ahead of a planned commercial debut in the UK this year. Customers in the UK can join an “interest list” in the Uber app starting Monday to indicate their preference and increase their chances of being matched with a Wayve Technologies Ltd. robotaxi when the service begins, Uber said in a statement. The ride-hailing company didn’t disclose a timeline for the launch. Like the Uber app in Austin and Atlanta, where the company works with Alphabet Inc.’s Waymo to offer driverless rides, customers in London will have the option to accept a driverless vehicle or switch to a human-driven ride. The autonomous vehicles, which are electric Ford Mustang Mach-E SUVs equipped with cameras, radar sensors and self-driving software developed by UK-based Wayve, will be initially supervised by a licensed operator behind the wheel. The operator won’t manually drive the vehicle unless an intervention is required, a spokesperson for Wayve said. Wayve requires additional regulatory approvals from the UK’s Department for Transport before offering unmanned passenger rides, according to the spokesperson. That also applies to competitors like Waymo and China’s Baidu Inc. , which are similarly planning to offer their robotaxi services in London this year. Read More: Waymo Reckons It’s Ready to Navigate London Streets: Hyperdrive While Waymo has been in the lead in expanding across the US, other companies are accelerating robotaxi rollouts globally. Uber has partnered with more than a dozen technology and vehicle partners, including China’s WeRide Inc. and Pony AI Inc. , to offer driverless rides on its app in the Middle East and parts of Europe . The upcoming launch would mark Wayve’s first passenger service after tests across Europe, North America and Japan in recent years. In February, it raised $1.5 billion from investors including Eclipse Ventures LLC, Balderton Capital, SoftBank Visio...
Investors in early-stage clean technologies in the US and Europe may be less diversified than they realize. An analysis by S2G Investments found that a handful of large venture funds dominate capital allocation in the sector, often backing the same companies. As a result, energy-transition investing is more concentrated, leaving investors exposed to many of the same risks. “From a limited partner’...
Investors in early-stage clean technologies in the US and Europe may be less diversified than they realize. An analysis by S2G Investments found that a handful of large venture funds dominate capital allocation in the sector, often backing the same companies. As a result, energy-transition investing is more concentrated, leaving investors exposed to many of the same risks. “From a limited partner’s point of view, even if you feel you’re being disciplined by diversifying allocation across three or four funds, if they are all large they are likely putting your money into the same companies so you may not be getting the diversification you thought you were,” Francis O’Sullivan , managing director of energy at S2G Investments, said in an interview. S2G oversees about $2.8 billion and focuses on late-stage venture and growth-stage businesses in sectors including energy and agriculture. The energy transition continues to draw record funding as the economics of clean technologies such as solar and batteries improve, even as political opposition to renewable power grows in some countries, particularly the US. Still, for investors looking to deploy capital in the sector, understanding the market structure remains critical. S2G found that just six funds, each with more than $1 billion in assets under management, accounted for about 26% of all new early-stage capital raised between 2021 and 2025. At the same time, 57 transactions of $100 million or more represented just 1.7% of all early-stage deals, yet they made up approximately 45% of all early-stage capital deployed during the period. Given the limited number of large opportunities, high levels of co-investment among the big funds is a resultant feature of the market, S2G said. A key drawback of having so much money controlled by a small number of large funds is that their investment focus is “narrower than what is optimal to support the full spectrum of early-stage energy innovation,” O’Sullivan said. “When you have a $1 ...
MF3d/E+ via Getty Images CrowdStrike ( CRWD ) is seeing material momentum for its AI-driven Falcon platform, which is critical for the cybersecurity company to escalate its annual recurring revenue/ARR growth in the years ahead. CrowdStrike also just beat estimates for both the top and the bottom line for its first fiscal quarter on June 3, 2026. Despite the strong double beat for the first quarte...
MF3d/E+ via Getty Images CrowdStrike ( CRWD ) is seeing material momentum for its AI-driven Falcon platform, which is critical for the cybersecurity company to escalate its annual recurring revenue/ARR growth in the years ahead. CrowdStrike also just beat estimates for both the top and the bottom line for its first fiscal quarter on June 3, 2026. Despite the strong double beat for the first quarter, as well as robust guidance for net new ARR in FY 2027, CrowdStrike's shares dipped as much as ~11% on Thursday, which was likely due to a desire for profit taking rather than serious concerns about CrowdStrike's business trajectory (CRWD ended the day only 4% lower, however). While I would not recommend buying shares at the current valuation level -- shares are trading at 25X forward revenues (not earnings!) -- CrowdStrike is a solid 'Hold' amid a strong ARR ramp and robust demand for its AI-driven cybersecurity services. Previous rating I recommended CrowdStrike as a 'Hold' in March, Unjustified SaaS Fears (Rating Upgrade) , because I felt that the market was overly pessimistic with respect to the impact of artificial intelligence on software businesses. While I have had issues with CrowdStrike's stretched valuation in the past, I do like the growth tailwind coming from its AI-supported Falcon platform that helps companies detect cybersecurity threats in real time. CrowdStrike beat estimates for Q1’27 CrowdStrike published better-than-expected top and bottom line results for the first fiscal quarter of FY 2027: the cybersecurity platform generated $1.10 per share in non-GAAP earnings vs. $1.07 per share expected. The top-line figure was published at $1.39B, beating the consensus estimate by $23M. Seeking Alpha Once again, key to CrowdStrike’s outperformance in the first fiscal quarter was strong adoption of its AI-supported cybersecurity platform Falcon, which offers consolidated protection across endpoints, cloud workloads, identity, and data. CrowdStrike's Falcon plat...