The S&P 500 has roared higher over the past three years -- and since President Donald Trump's inauguration in January of last year, the famous benchmark has advanced more than 23%. Investors have rushed to buy high-growth players, particularly in innovative areas such as artificial intelligence (AI) and quantum computing. And a new batch of growth companies has also rushed to take advantage of inv...
The S&P 500 has roared higher over the past three years -- and since President Donald Trump's inauguration in January of last year, the famous benchmark has advanced more than 23%. Investors have rushed to buy high-growth players, particularly in innovative areas such as artificial intelligence (AI) and quantum computing. And a new batch of growth companies has also rushed to take advantage of investors' appetite for high-growth stories. AI chip company Cerebras Systems recently completed the biggest initial public offering of the year, Elon Musk's SpaceX this week aims to launch what may be the largest IPO ever, and AI lab Anthropic earlier this month filed confidentially with regulators for a market debut. All of this is fantastic and is supportive of further stock market gains. But... my prediction is the Trump bull market may end soon. The S&P 500 Shiller CAPE ratio shows that stocks remain around their highest valuation level ever, and historically, this has led to declines. Meanwhile, inflationary pressures persist, as we can see through rising energy prices and increases in the Consumer Price Index (CPI). Continue reading
Apple is trying to solve one of Safari's biggest weaknesses with AI. Safari has long lacked the robust library of extensions that its rivals have, mainly due to the stringent development requirements from Apple . But now, Apple is inviting users to essentially vibe code their own extensions. In a demo shared by Apple , the company showed how you can ask Safari to create an extension by describing ...
Apple is trying to solve one of Safari's biggest weaknesses with AI. Safari has long lacked the robust library of extensions that its rivals have, mainly due to the stringent development requirements from Apple . But now, Apple is inviting users to essentially vibe code their own extensions. In a demo shared by Apple , the company showed how you can ask Safari to create an extension by describing it. "Save and track cooking recipes from around the web," the prompt said. "Click the toolbar button to see your saved recipes and add notes to each." From there, Safari used Apple Intelligence to generate a "Recipe Keeper" extension that's supposed … Read the full story at The Verge.
Justin Sullivan/Getty Images News PG&E ( PCG ) closed down 3.7% on Monday after the utility warned of a heightened possibility of public safety power shutoffs in eight northern California counties later this week as a precaution against elevated fire danger from dry air and strong winds. PG&E ( PCG ) said it sees little risk of shutoffs on Monday or Tuesday, but Wednesday, Thursday, and/or Friday ...
Justin Sullivan/Getty Images News PG&E ( PCG ) closed down 3.7% on Monday after the utility warned of a heightened possibility of public safety power shutoffs in eight northern California counties later this week as a precaution against elevated fire danger from dry air and strong winds. PG&E ( PCG ) said it sees little risk of shutoffs on Monday or Tuesday, but Wednesday, Thursday, and/or Friday are considered possible. "A Fire Weather Watch is in effect across Sacramento Valley from Wednesday morning through Thursday afternoon, due to the combination of gusty winds and low relative humidity leading to elevated fire potential," the company said. The weather pattern could bring wind gusts and low humidity to northern California, including 15-25 MPH winds and 30-45 MPH gusts across the Sacramento Valley and into the Delta. The utility company also said that while the alert is issued at the county level, specific public safety shutoff decisions are made "at more granular levels" and may only impact certain parts of the region. More on PG&E PG&E Q1 2026 Earnings Call Presentation PG&E Put At Risk By California Governor's Race Shakeup (Rating Downgrade) PG&E: Buy A Redesigned Company
Shares of glass and electronic component manufacturer Corning (NYSE:GLW) jumped 7.4% in the morning session after Amazon announced a multiyear, multibillion-dollar agreement with the company to supply optical fiber, cable, and connectivity solutions for its expanding U.S. data center infrastructure.
Shares of glass and electronic component manufacturer Corning (NYSE:GLW) jumped 7.4% in the morning session after Amazon announced a multiyear, multibillion-dollar agreement with the company to supply optical fiber, cable, and connectivity solutions for its expanding U.S. data center infrastructure.
Thirty-nine people taken near Magamin Diddi village in Maradun municipality, north-west Zamfara state, police say Armed bandits in north-west Nigeria abducted dozens of villagers whom they invited to a meeting about potential peace negotiations, authorities and residents said on Monday, highlighting the region’s worsening security. According to local police, 39 people were seized on Sunday during ...
Thirty-nine people taken near Magamin Diddi village in Maradun municipality, north-west Zamfara state, police say Armed bandits in north-west Nigeria abducted dozens of villagers whom they invited to a meeting about potential peace negotiations, authorities and residents said on Monday, highlighting the region’s worsening security. According to local police, 39 people were seized on Sunday during a meeting in the forest near Magamin Diddi village in the Maradun municipality of north-west Zamfara state. But some residents and officials believe the number of those abducted could be as high as 50. Continue reading...
AlexStar/iStock via Getty Images When I wrote my previous analysis on April 13, Flowers Foods, Inc. ( FLO ) was trading at $8.20 and yielding 12.3%. My view at the time was that a dividend cut was imminent. Despite that, I rated the stock as a Buy and argued that a reduction in the payout would be the right move — a necessary step to keep leverage ratios in check and ensure the company operates on...
AlexStar/iStock via Getty Images When I wrote my previous analysis on April 13, Flowers Foods, Inc. ( FLO ) was trading at $8.20 and yielding 12.3%. My view at the time was that a dividend cut was imminent. Despite that, I rated the stock as a Buy and argued that a reduction in the payout would be the right move — a necessary step to keep leverage ratios in check and ensure the company operates on a sustainable footing. My Previous Call (Seeking Alpha) While there was a nice rally after my previous article was published — with the stock breaking above the $9 mark and holding there for a while — the move eventually faded. The shares reversed course and traded lower, breaking below $7 just before the earnings announcement. It seemed like the price action was driven by the market pricing in a potential dividend cut. I think we can say this turned out to be the case, as we saw another rally after the announcement , with mixed earnings and a dividend cut that pushed the stock back above $8. Since then, the stock has drifted lower yet again toward the $7 level, with a few spikes along the way, hovering at $7.50 at the time of writing on June 8. FLO Ytd Stock Chart (Seeking Alpha) Looking at the recent price action, the natural question is why the stock has remained directionless following the Q1 earnings release . It very much seems like the market cannot decide which way to go with the FLO stock at this point. So I will go through the earnings to look for evidence that might explain the market’s indecisive behavior and to assess whether I should maintain the Buy rating. For readers unfamiliar with the broader Flowers story, I suggest reading my previous analysis, where I explored the company in greater detail. Q1 Earnings Adjusted diluted EPS decreased by $0.06 to $0.29 and slightly beat expectations , while revenue narrowly missed. Overall, I would say the results were fairly neutral: Q1 Earnings (Seeking Alpha) The company commented on the results as follows: Net sales...
The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.30%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.58%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.30%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.58%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...
Asian stocks are set to rebound from their biggest drop since March, tracking gains on Wall Street, while oil was steady as Iran and Israel pledged to ease strikes that threatened peace talks in the Middle East. Equity futures pointed to a jump of more than 2% in Tokyo after the Nikkei 225 lost almost 4% on Monday, while contracts signaled a modest gain in Sydney and a subdued Hong Kong open. S&P ...
Asian stocks are set to rebound from their biggest drop since March, tracking gains on Wall Street, while oil was steady as Iran and Israel pledged to ease strikes that threatened peace talks in the Middle East. Equity futures pointed to a jump of more than 2% in Tokyo after the Nikkei 225 lost almost 4% on Monday, while contracts signaled a modest gain in Sydney and a subdued Hong Kong open. S&P 500 futures edged lower after a rebound in chipmakers such as Nvidia Corp. and Micron Technology Inc. triggered a gain in the US benchmark on Monday. Oil was little changed after erasing most of a spike in the previous session, as the ceasefire between Israel and Iran eased the upward pressure on crude. Following a brief pause in the rally that drove stocks to a series of all-time highs, momentum -chasing traders returned in the US on Monday, energizing bets the bull market is nowhere near its end. That sentiment was aided by the developments in the Middle East. The positioning-driven rout in equities at the end of last week was a “healthy reset,” according to Morgan Stanley’s Mike Wilson , who maintained his constructive outlook, supported by earnings and strong economic data. “Markets rarely move in a straight line at the pace seen since the March lows,” he said. “A correction was inevitable and ultimately healthy if this bull market is going to extend into year-end.” Other analysts echoed his optimism, including Citigroup Inc. strategists led by Scott Chronert , who raised their year-end target for the S&P 500 after a “big step up” in earnings expectations. “We do not expect investors to lose confidence in the AI outlook,” said Mark Haefele at UBS Global Wealth Management. “Although tech stocks have come under pressure in recent days amid concerns about whether expectations can be met, business fundamentals remain strong.” Not everyone was as bullish. Investors should exercise caution regarding US stocks as an increasing number of “bear market signposts” point to an appr...
Chip Somodevilla/Getty Images News OpenAI ( OPENAI ) has confidentially filed its draft initial public offering to the U.S. Securities and Exchange Commission, the creator of the world's most popular chatbot, ChatGPT, announced today. However, the Microsoft-backed ( MSFT ) OpenAI did not provide a timeline for when it might actually go public. "We have not decided on timing yet; it may be a while ...
Chip Somodevilla/Getty Images News OpenAI ( OPENAI ) has confidentially filed its draft initial public offering to the U.S. Securities and Exchange Commission, the creator of the world's most popular chatbot, ChatGPT, announced today. However, the Microsoft-backed ( MSFT ) OpenAI did not provide a timeline for when it might actually go public. "We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company," according to OpenAI. "But it's a complicated set of trade-offs, and this gives us the option to go public sooner if that ends up being best." The revelation occurred exactly one week after its chief rival, Anthropic ( ANTHRO ), made a similar announcement . Anthropic did not set a share price or finalize the number of shares that will be available if they go public or provide a timeline for going public. OpenAI crossed $25B in annualized revenue in February compared to $21.4B at the end of 2025. While growth appears to be slowing, the company reached $1B in revenue within a year of ChatGPT's 2022 launch and is now generating $2B in revenue per month. While Anthropic has tended to focus more on the enterprise and coders as an end user to its models, OpenAI has taken a more consumer-oriented approach. Even though ChatGPT has 1B monthly active users compared to 56M for Anthropic's Claude, Anthropic has an annualized revenue of $47B compared to OpenAI's $25B. Anthropic has an estimated valuation of $965B compared to OpenAI's $852B. The number of potential IPOs for AI companies coming out of the gate with a $1T-plus valuation is growing. In addition to OpenAI and Anthropic, SpaceX ( SPCX ), which recently merged with xAI, the creator of the Grok chatbot, will make its public debut on June 12. SpaceX plans to sell 555.6M shares at $135 each, raising approximately $75B. At that price, the company would be valued at roughly $1.8T. More on OpenAI and Anthropic The SpaceX IPO: All Systems Go, Ready ...
Dell Technologies recently reported first-quarter fiscal 2027 results showing revenue of US$43.84 billion and net income of US$3.44 billion, while also collaborating with AMD and the University of Cambridge on the Zenith and Sunrise AI supercomputers for UK scientific research and fusion energy work. Together with a new US$1.60 billion Blackwell systems purchase agreement from IREN Limited and a s...
Dell Technologies recently reported first-quarter fiscal 2027 results showing revenue of US$43.84 billion and net income of US$3.44 billion, while also collaborating with AMD and the University of Cambridge on the Zenith and Sunrise AI supercomputers for UK scientific research and fusion energy work. Together with a new US$1.60 billion Blackwell systems purchase agreement from IREN Limited and a sharply higher full-year outlook for AI-optimized server revenue, these developments highlight...
The countdown has begun. But not to SpaceX's next rocket launch. Instead, investors are counting the minutes until the Elon Musk-led company's initial public offering. Why is the offering attracting so much attention? Its size is one reason. SpaceX, aiming for a valuation of more than $1.7 trillion, is on track for the biggest IPO on record. The company's work in the exciting high-potential areas ...
The countdown has begun. But not to SpaceX's next rocket launch. Instead, investors are counting the minutes until the Elon Musk-led company's initial public offering. Why is the offering attracting so much attention? Its size is one reason. SpaceX, aiming for a valuation of more than $1.7 trillion, is on track for the biggest IPO on record. The company's work in the exciting high-potential areas of space and artificial intelligence (AI) is also drawing attention. And finally, Elon Musk, known for his innovation and high ambitions, has often intrigued at least a certain part of the investment community. All of this has brought the SpaceX IPO to center stage in recent days. And it may also prompt the following question: Could investing in this mammoth IPO or in SpaceX over the days following the market debut set you up for life? History offers an answer that's crystal clear. Image source: Getty Images. Continue reading
Oil steadied after Israel and Iran agreed to end attacks against each other following an escalation of violence that threatened to derail efforts to end the war in the Middle East. West Texas Intermediate traded above $91 a barrel after closing slightly higher on Monday. Brent settled near $94. Israeli Prime Minister Benjamin Netanyahu said the country is holding fire against Iran for now, but wil...
Oil steadied after Israel and Iran agreed to end attacks against each other following an escalation of violence that threatened to derail efforts to end the war in the Middle East. West Texas Intermediate traded above $91 a barrel after closing slightly higher on Monday. Brent settled near $94. Israeli Prime Minister Benjamin Netanyahu said the country is holding fire against Iran for now, but will respond should Tehran attack again. Iranian media conveyed similar sentiment. The flare-up in hostilities put wider negotiations to end the war in the Middle East at risk, prompting President Donald Trump to appeal for de-escalation. A fragile ceasefire remains in place, but the crucial Strait of Hormuz is still effectively closed, choking off vital energy supplies to global customers. Late Monday, Trump said the US will declare “ total victory ” in its war with Iran over the next two weeks, according to comments in a virtual campaign rally. He said that negotiations are underway with Tehran, and reiterated that oil prices will fall once the conflict is over. Even if a US-Iran peace deal is agreed, multiple hurdles will impede normal resumption of oil flows. Among them, mines in Hormuz must be removed, shut-in fields may take months to restart, and damage to energy infrastructure from drone and missile strikes needs to be repaired. To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for July delivery rose 0.2% to $ 91.46 a barrel at 6:07 a.m. in Singapore. Brent for August settlement closed 1.2% higher at $ 94.25 a barrel on Monday.
SoFi Technologies (NASDAQ:SOFI), a digital financial services platform, closed Monday at $16.50, up 2.93%. The stock moved higher alongside fintech peers as its stablecoin rollout continues to attract attention.
SoFi Technologies (NASDAQ:SOFI), a digital financial services platform, closed Monday at $16.50, up 2.93%. The stock moved higher alongside fintech peers as its stablecoin rollout continues to attract attention.
Loren Elliott/Getty Images News SpaceX’s ( SPCX ) planned initial public offering is shaping up as more than a bet on rockets and satellites. Investors are increasingly being asked to place a value on Elon Musk’s growing network of interconnected companies spanning aerospace, artificial intelligence, social media, energy storage and computing infrastructure, Bloomberg News reported Monday. At a ta...
Loren Elliott/Getty Images News SpaceX’s ( SPCX ) planned initial public offering is shaping up as more than a bet on rockets and satellites. Investors are increasingly being asked to place a value on Elon Musk’s growing network of interconnected companies spanning aerospace, artificial intelligence, social media, energy storage and computing infrastructure, Bloomberg News reported Monday. At a targeted valuation of roughly $1.8 trillion, SpaceX ( SPCX ) would immediately rank among the world’s most valuable public companies. The offering also highlights how deeply Musk’s businesses have become intertwined through shared investments, personnel and commercial relationships. Over the past decade, acquisitions and restructurings have linked Tesla ( TSLA ), SpaceX ( SPCX ), xAI and X more closely together. Tesla invested billions in xAI before SpaceX acquired the AI company, while executives and engineers routinely move between Musk-controlled firms. Supporters argue the arrangement encourages innovation and allows expertise to flow across businesses. Critics, however, say the overlapping ownership and transactions make it difficult to determine the true value of individual companies. Some investors have raised concerns about governance, related-party deals and Musk’s continued control of SpaceX after the IPO. Several institutional investors have questioned whether outside shareholders will have sufficient visibility into how the businesses operate and interact. Questions have also emerged around xAI, which has undergone leadership turnover and significant restructuring. While the AI business has secured large computing and infrastructure contracts, analysts remain divided over its long-term prospects and financial contribution to SpaceX ( SPCX ). Meanwhile, Tesla and SpaceX continue to do business with one another. SpaceX has purchased Tesla vehicles and large-scale battery systems, fueling debate over whether such transactions primarily serve operational needs or help...