Matthew McQueen, head of global FICC micro overseeing mortgages & securitized products, municipal banking & markets, and global credit at Bank of America, joins Scarlet Fu on "Bloomberg Real Yield." (Source: Bloomberg)
Matthew McQueen, head of global FICC micro overseeing mortgages & securitized products, municipal banking & markets, and global credit at Bank of America, joins Scarlet Fu on "Bloomberg Real Yield." (Source: Bloomberg)
Leon Neal/Getty Images News Crypto exchanges are letting traders make risky bets on SpaceX's ( SPCX ) future share prices through instruments dubbed "pre-IPO perpetual futures", Reuters reported on Thursday. The derivatives do not have a direct link to the underlying shares but are priced with reference to SpaceX's latest disclosed pre-IPO valuation, according to the newswire. The pre-IPO perps re...
Leon Neal/Getty Images News Crypto exchanges are letting traders make risky bets on SpaceX's ( SPCX ) future share prices through instruments dubbed "pre-IPO perpetual futures", Reuters reported on Thursday. The derivatives do not have a direct link to the underlying shares but are priced with reference to SpaceX's latest disclosed pre-IPO valuation, according to the newswire. The pre-IPO perps reportedly trade on exchanges including Coinbase ( COIN ), Binance, and Hyperliquid. SpaceX pre-IPO perps saw about $3.2B in trading volume and $390M in open interest from May 17 to June 10, the newswire noted, citing data provider Talos. Talos had included eight exchanges in its figures. The news comes as megacap IPOs are set to hit Wall Street, including the ones from AI giants Anthropic ( ANTHRO ) and OpenAI ( OPENAI ). The recent launch of perpetual futures by Coinbase ( COIN ) and Kalshi ( KALSHI ) had raised competition concerns among traditional exchanges, including Cboe Global Markets ( CBOE ), CME Group ( CME ), and Intercontinental Exchange ( ICE ). The popularity of new pre-IPO perps is said to have intensified the clash between crypto and Wall Street. More on related tickers SpaceX May Crash Back Down To Earth Market Brief: What You Need To Know Before The SpaceX IPO SpaceX IPO: Don't Become Exit Liquidity For Existing Investors SpaceX's Starlink sees strong mobile growth, but slowing Grok, X usage may signal caution to investors: ST SpaceX IPO demand tops $100B from retail investors as share allocations tighten
sitox Advanced Energy Industries ( AEIS ) jumped 8.3% in Thursday's trading as Cantor Fitzgerald initiates coverage with an Overweight rating and a $400 price target, believing the precision power company offers a path to meaningful positive estimate revisions in the coming quarters. " Power remains one of the most exciting growth vectors within Data Center, and AEIS is well positioned here with n...
sitox Advanced Energy Industries ( AEIS ) jumped 8.3% in Thursday's trading as Cantor Fitzgerald initiates coverage with an Overweight rating and a $400 price target, believing the precision power company offers a path to meaningful positive estimate revisions in the coming quarters. " Power remains one of the most exciting growth vectors within Data Center, and AEIS is well positioned here with nearly 35% of revenue coming from DC," Cantor analyst Matthew Prisco writes, highlighting "idiosyncratic opportunities here through AEIS' custom solution and customer expansion beyond the core hyperscalers in CY27-plus." Margin expansion underpins Advanced Energy's ( AEIS ) fundamental strength and structural repositioning as gross margins crossed the 40% threshold in Q1 for the first time since acquiring Artesyn in 2019, Prisco says. "Upside to estimates with our scenario model suggesting earnings power of $13.50 in CY27 vs. [consensus] $11.79 driven by exposure across [Wafer Fab Equipment] supercycle, Data Center power secular growth story, and Industrial recovery," according to the analyst. More on Advanced Energy Industries Advanced Energy Industries Presents at Bank of America 2026 Global Technology Conference Transcript Advanced Energy Industries: In An AI Gold Rush, Sell Picks And Shovels Advanced Energy Industries: Data Center Revenue Doubles
This is a hyper-growth chapter for Palantir Technologies. The company's AIP platform is becoming the operational core for load-bearing institutions like the Department of the Navy.
This is a hyper-growth chapter for Palantir Technologies. The company's AIP platform is becoming the operational core for load-bearing institutions like the Department of the Navy.
winhorse Xpeng ( XPEV ) shares have fallen more than 5% to $14.10 on Thursday, extending their weekly decline to nearly 10%. The stock sharply lagged the broader S&P 500 ( SP500 )'s YTD gain of 6.22% with a 30.97% decline over the same period. The recent weakness worsened after Xpeng delivered Q1 results on May 28. The company reported a non-GAAP EPS loss of $0.26, missing estimates by $0.10, whil...
winhorse Xpeng ( XPEV ) shares have fallen more than 5% to $14.10 on Thursday, extending their weekly decline to nearly 10%. The stock sharply lagged the broader S&P 500 ( SP500 )'s YTD gain of 6.22% with a 30.97% decline over the same period. The recent weakness worsened after Xpeng delivered Q1 results on May 28. The company reported a non-GAAP EPS loss of $0.26, missing estimates by $0.10, while revenue of $1.89B fell 17.6% YoY. Vehicle deliveries dropped 33.3% to 62.7K units, the net loss widened 168.7% to RMB 1.78B, and the vehicle margin slipped to 12.1% from 13.0% in Q4 due to higher memory chip and battery costs. Even R&D spending also jumped 46.8% to RMB 2.91B, adding pressure on profitability. Seeking Alpha analyst Julia Ostian noted that "weaker sales, rising losses, and geopolitical risks make the stock less attractive in the near term." However, management is betting on a growth. Chairman and CEO He Xiaopeng expects a rebound with four new vehicle launches this year and guided Q2 revenue to RMB 19.60B-RMB 20.80B, implying sequential growth of 50.4%-59.6%, with deliveries expected to rise to 100K-106K vehicles. The company is also expanding beyond EVs. At the CVPR 2026 conference in Denver, XPeng showcased its physical AI technologies alongside Tesla ( TSLA ), NVIDIA ( NVDA ), and Waymo ( WAYMO ). Beyond autonomous vehicles, XPeng is pushing deeper into robotics . Reportedly, He Xiaopeng will personally lead the robotics unit as the company approaches the "eve of mass production and commercialization" of its IRON humanoid robots. The robots are expected to first appear in the company's stores before commercial deliveries begin in China and overseas in 2027. For now, negative momentum continues to dominate the stock. XPeng stock carries a Quant Rating of 2.60, implying a Hold view, even as Seeking Alpha analysts and Wall Street analysts maintain Buy ratings above 4. However, strong delivery guidance and growing AI ambitions suggest the stock's recent cras...
Shares of Marvell Technology (NASDAQ:MRVL) are up 8% today, trading at around $273 in midday action on Thursday, June 11. The move extends a remarkable run that has the stock up 57% over the past month heading into its scheduled index debut. The catalyst is well known. S&P Dow Jones Indices confirmed in its June ... Marvell Just Ripped 57% in a Month. Will the June 22 S&P 500 Listing Be a Sell-the...
Shares of Marvell Technology (NASDAQ:MRVL) are up 8% today, trading at around $273 in midday action on Thursday, June 11. The move extends a remarkable run that has the stock up 57% over the past month heading into its scheduled index debut. The catalyst is well known. S&P Dow Jones Indices confirmed in its June ... Marvell Just Ripped 57% in a Month. Will the June 22 S&P 500 Listing Be a Sell-the-News Event?
Iryna Tolmachova/iStock Editorial via Getty Images Bank of Canada policymakers are finding themselves caught between rising inflation risks and a softening economy, with patience now the clearest policy path. Andrew Kelvin, Head of Canada and Global Rates Strategy at TD Securities, says the central bank is taking a “do no harm” approach, waiting for clearer signals before deciding whether the next...
Iryna Tolmachova/iStock Editorial via Getty Images Bank of Canada policymakers are finding themselves caught between rising inflation risks and a softening economy, with patience now the clearest policy path. Andrew Kelvin, Head of Canada and Global Rates Strategy at TD Securities, says the central bank is taking a “do no harm” approach, waiting for clearer signals before deciding whether the next move is a hike or a cut. Transcript Greg Bonnell: The Bank of Canada has held its key interest rate in its latest decision. But with fears about inflation and also slowing economic growth, how much longer can our central bank stay on hold? Joining us now to discuss is Andrew Kelvin, Head of Canadian and Global Rate Strategy with TD Securities. Andrew, always great to have you here on Bank of Canada today. Andrew Kelvin: Always a pleasure to be here. Thank you for having me. Greg Bonnell: All right. So is this another one of those things where the bank's in a bit of a hard place, doesn't know what's going to happen in the future, doesn't even know if it's going to be a hike, or a cut, or a hold, and for how long? Andrew Kelvin: So I'm going to use a really tortured analogy here that just came to me. So I don't know if it will work. Greg Bonnell: All right. Fresh one. Andrew Kelvin: When you're in quicksand, you're not supposed to struggle. They are in a very hard place. Governor Macklem referred to his dilemma being sort of caught between increasing inflation pressures and weak growth. The best thing for the Bank of Canada to do here is to not struggle. It's to be patient and let the economy sort of work its way out of it -- take the shocks as they come, rather than trying to anticipate what's happening, because the geopolitical uncertainty, it is just so high. Governor Macklem talked about if we were to see additional trade restrictions put on Canada by the United States, for example, perhaps they might need to cut. If energy prices remain high for a long time and pressure...
Midfielder missed final training session before Haiti game ‘Hopefully that doesn’t spread,’ said Kenny McLean Scotland are confident Scott McTominay will be fit to face Haiti on Saturday despite the midfielder sitting out training on Thursday due to a stomach complaint. McTominay, widely considered Scotland’s most influential player, was a notable absentee as Steve Clarke put his players through t...
Midfielder missed final training session before Haiti game ‘Hopefully that doesn’t spread,’ said Kenny McLean Scotland are confident Scott McTominay will be fit to face Haiti on Saturday despite the midfielder sitting out training on Thursday due to a stomach complaint. McTominay, widely considered Scotland’s most influential player, was a notable absentee as Steve Clarke put his players through their paces for a final time in North Carolina before departing for Boston. There, Scotland will play their first World Cup match in 28 years. Continue reading...
British driver says pressure is off following bad run Antonelli 68 points ahead of Mercedes teammate George Russell insists the pressure is off in the battle for the Formula One drivers’ championship after a succession of mishaps this season – combined with the exemplary form of his Mercedes teammate , Kimi Antonelli – left him 68 points off the pace. Sunday’s round seven is the newly styled Barce...
British driver says pressure is off following bad run Antonelli 68 points ahead of Mercedes teammate George Russell insists the pressure is off in the battle for the Formula One drivers’ championship after a succession of mishaps this season – combined with the exemplary form of his Mercedes teammate , Kimi Antonelli – left him 68 points off the pace. Sunday’s round seven is the newly styled Barcelona-Catalunya Grand Prix, with the Spanish Grand Prix shifting to a new venue in Madrid in September. Mercedes are expected to excel again this weekend, but it is the 19-year-old Antonelli who has established a firm grip on the drivers’ championship after five consecutive victories . Continue reading...