Mary C. Daly, President & CEO at Federal Reserve Bank of San Francisco discusses AI’s impact on productivity, labor markets and economic growth with Bloomberg’s Caroline Hyde at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Mary C. Daly, President & CEO at Federal Reserve Bank of San Francisco discusses AI’s impact on productivity, labor markets and economic growth with Bloomberg’s Caroline Hyde at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Quantinuum stock debuted 13% above its initial public offering price on Thursday, opening at $68 in a major win for the quantum-computing sector at large. Quantinuum raised $1.68 billion in its upsized initial public offering late Wednesday, setting the stage for one of the most anticipated tech listings of the year. The quantum computing company’s IPO of 28 million shares was priced at $60 apiece...
Quantinuum stock debuted 13% above its initial public offering price on Thursday, opening at $68 in a major win for the quantum-computing sector at large. Quantinuum raised $1.68 billion in its upsized initial public offering late Wednesday, setting the stage for one of the most anticipated tech listings of the year. The quantum computing company’s IPO of 28 million shares was priced at $60 apiece.
Amanda Askell, Philosopher & Ethicist at Anthropic discusses AI consciousness and managing Claude's soul, as well as safety risks and ethical guardrails with Bloomberg’s Shirin Ghaffary at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Amanda Askell, Philosopher & Ethicist at Anthropic discusses AI consciousness and managing Claude's soul, as well as safety risks and ethical guardrails with Bloomberg’s Shirin Ghaffary at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Jonathan Kitchen/DigitalVision via Getty Images The first quarter was defined less by realized macroeconomic outcomes than by a reassessment of risks. Economic momentum entering the quarter was reasonably constructive, and published consensus estimates for trend-like global growth and manageable inflation largely remained intact by quarter-end. However, sentiment shifted as the Iran war moved into...
Jonathan Kitchen/DigitalVision via Getty Images The first quarter was defined less by realized macroeconomic outcomes than by a reassessment of risks. Economic momentum entering the quarter was reasonably constructive, and published consensus estimates for trend-like global growth and manageable inflation largely remained intact by quarter-end. However, sentiment shifted as the Iran war moved into its second month, biasing expectations toward weaker growth and higher inflation. The effective closure of the Strait of Hormuz disrupted the flow of a meaningful share of global commodity supply, including oil, natural gas, fertilizers, and other inputs. While strategic stockpiles provided a buffer, each day without a definitive path to resolution increased the risk of supply depletion and a more pronounced global energy shock. The potential economic implications varied across regions, with net energy importers in Europe and Asia facing greater scrutiny than the U.S. Oil futures pointed to a baseline scenario of easing tensions, consistent with expectations for a manageable global economic impact. Still, mixed headlines exiting the quarter tempered confidence that a resolution was imminent, leaving investors to contemplate the risk of a more prolonged disruption. While it remained too early to assess the conflict's impact in economic data, central bank expectations responded more rapidly during the quarter. Futures markets now price multiple rate hikes this year from both the Bank of England and the European Central Bank. Markets also dialed back easing expectations from the U.S. Federal Reserve, shifting from two cuts to a hold this year. Despite a strong start, a challenging March led to weak 1Q financial market returns. Global equities declined 3%, while fixed income returns were slightly negative with headwinds from both rates and credit spreads. Brent crude oil prices surged above $100 per barrel, leaving the energy sector as the standout winner in the equity space. ...
The president’s image and name are proliferating in Washington and beyond, overturning well-advised democratic taboos on glorifying sitting leaders One of the surest signs of an authoritarian regime is the ubiquity of its leader. Mussolini’s face was plastered across fascist Italy. In North Korea, pictures of Kim Jong-un have appeared alongside those of his father and grandfather, which are presen...
The president’s image and name are proliferating in Washington and beyond, overturning well-advised democratic taboos on glorifying sitting leaders One of the surest signs of an authoritarian regime is the ubiquity of its leader. Mussolini’s face was plastered across fascist Italy. In North Korea, pictures of Kim Jong-un have appeared alongside those of his father and grandfather, which are present in every home and public building. The golden statue of Turkmenistan’s leader, Gurbanguly Berdymukhamedov, perching on a marble cliff in the capital is one of a multitude of portrayals. Thriving democracies spurn such displays, rightly judging it safer to laud leaders once they are out of power. The first US president, George Washington, refused to appear on currency, believing that redolent of European monarchs. The 47th has no such concerns. The administration wants a $250 bill depicting Donald Trump to commemorate the 250th anniversary of independence, though federal law does not currently allow banknotes to depict living people. His signature will soon appear on $100 bills: a first for a US president. Continue reading...
Quantinuum Inc. , a quantum computing company backed by Honeywell International Inc. , opened 13% above its listing price after raising $1.68 billion in an upsized US initial public offering. Shares of the company, which upsized its offering on growing investor enthusiasm for the emerging technology, opened at $68 each, versus the IPO price of $60. The IPO drew demand from investors for more than ...
Quantinuum Inc. , a quantum computing company backed by Honeywell International Inc. , opened 13% above its listing price after raising $1.68 billion in an upsized US initial public offering. Shares of the company, which upsized its offering on growing investor enthusiasm for the emerging technology, opened at $68 each, versus the IPO price of $60. The IPO drew demand from investors for more than 20 times the shares available, people familiar with the matter have said . The trading gives Quantinuum a market value of nearly $18 billion based on the outstanding shares in its filings. The Broomfield, Colorado-based company makes powerful quantum computers that solve complex tasks beyond the reach of traditional processors, making them valuable tools for achieving the exponential leaps in computing needed for artificial intelligence. Shares of other quantum computing companies have surged over the last few weeks in a broader market rally led by big technology names also set to benefit from the AI frenzy. D-Wave Quantum Inc. shares have soared more than 90% from the end of March while and Rigetti Computing Inc. stock is up more than 70%. IonQ Inc. stock has gained more than 125% in the same timeframe. International Business Machines Corp. has recently gotten in on the rally, with its shares increasing nearly 40% over the past three weeks. The sector has garnered support from the Trump administration, which last month announced more than $2 billion in funding for a group of quantum computing firms in the US. Quantinuum is set to receive $100 million, while IBM will get $1 billion, the largest award in the Commerce Department’s package. In exchange, the US government is set to receive minority, non-controlling stakes in the companies. Read More: IBM Shares Soar on US Funding for $2 Billion Quantum Push Quantinuum is developing platforms for use in fields such as chemistry, machine learning, cybersecurity, finance and drug discovery. It counts companies such as Amgen Inc. a...
Daniela Amodei, President & Co-Founder at Anthropic discusses the latest in model development, its commercialization strategy and current relations with the US government with Bloomberg’s Shirin Ghaffary at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Daniela Amodei, President & Co-Founder at Anthropic discusses the latest in model development, its commercialization strategy and current relations with the US government with Bloomberg’s Shirin Ghaffary at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Shares of Xerox Holdings ( XRX ) rose over 8% on Thursday after alternative investment fund STARTEEPO Invest increased its beneficial ownership position in the photocopy maker to more than 6%. Following the transaction, Prague-based STARTEEPO beneficially owns about 8 million Xerox common shares and holds options on an additional 140,000 shares. “We continue to view Xerox as a high-conviction inve...
Shares of Xerox Holdings ( XRX ) rose over 8% on Thursday after alternative investment fund STARTEEPO Invest increased its beneficial ownership position in the photocopy maker to more than 6%. Following the transaction, Prague-based STARTEEPO beneficially owns about 8 million Xerox common shares and holds options on an additional 140,000 shares. “We continue to view Xerox as a high-conviction investment and one of the largest positions in our portfolio,” said Frantisek Bostl, Chairman of the Board of STARTEEPO Invest. The fund added that it remains encouraged by the company’s operational and financial trajectory ahead of its upcoming Q2 earnings release. STARTEEPO is now Xerox’s third-largest shareholder and said that it intends to remain a constructive long-term shareholder. “We believe the market may be overlooking a potentially significant long-term opportunity embedded within Xerox’s evolving enterprise workflow platform,” the fund said. More on Xerox Holdings Corporation Xerox Holdings Corporation (XRX) Shareholder/Analyst Call Prepared Remarks Transcript Xerox to join Russell Microcap Index while Applied Digital set to exit among tech firms Xerox rises after Q1 results beat estimates, reaffirming 2026 guidance
asbe/iStock via Getty Images In the last year, Ciena Corporation ( CIEN ) rewarded shareholders with a five-fold (497%) return. The uptrend, with V-shaped blips along the way, might suggest that CIEN stock rebounds after the post-earnings selloff. 40% Revenue Growth In The Second Quarter Ciena posted revenue of $1.57 billion, up by 40% year-over-year . Gary Smith, Ciena’s Chief Executive Officer, ...
asbe/iStock via Getty Images In the last year, Ciena Corporation ( CIEN ) rewarded shareholders with a five-fold (497%) return. The uptrend, with V-shaped blips along the way, might suggest that CIEN stock rebounds after the post-earnings selloff. 40% Revenue Growth In The Second Quarter Ciena posted revenue of $1.57 billion, up by 40% year-over-year . Gary Smith, Ciena’s Chief Executive Officer, said that AI demand aligned to the structural multi-year opportunities ahead. Cien supplies high-speed connectivity in both the WAN and around the data center markets. Data centers have more than a year of accelerating growth ahead. Companies that I covered in the past, like Lumentum ( LITE ), expressed a similar view in their quarterly earnings conference calls. However, Lumentum said that it would exercise selectivity with its customers. It would prioritize sales to loyal customers that had a strong balance sheet. That way, it would not likely experience an erosion in bookings. Ciena’s Chief Financial Officer, Marc Graff, commented that the firm posted strong revenue growth, adjusted gross margin expansion, and almost 400% growth in its adjusted earnings per share. Adjusted Earnings Results Ciena posted $1.64 in adjusted, non-GAAP EPS, compared to $1.49 in GAAP EPS. That compares to $0.06 in GAAP EPS and $0.42 in non-GAAP EPS last year. It adjusted a total of $13.3 million from its $691.55 million in GAAP gross profit. Amortization of intangible assets ($6.78 million) accounted for most of the adjustments. The rest was in share-based compensation services ($4.5 million) and share-based compensation-services ($2 million). GAAP operating expenses were $453.7 million. After adjusting for SBC in research and development ($18.6 million), SBC in sales and marketing ($16.5 million), and SBC for general and administrative, the adjusted non-GAAP operating expenses were just below $400 million. Outlook Ciena is forecasting revenue of $1.62 billion in the third quarter. Non-GAAP exp...
Justin Sullivan/Getty Images News Robinhood ( HOOD ) jumped more than 5% to $87.16 on Thursday, snapping its recent weekly decline, after launching 2026 FIFA World Cup prediction market trading and unveiling new fee reductions for customers. The company said customers can now trade contracts on individual matches, group and tournament winners, spreads, totals, player contracts, and combo bets. The...
Justin Sullivan/Getty Images News Robinhood ( HOOD ) jumped more than 5% to $87.16 on Thursday, snapping its recent weekly decline, after launching 2026 FIFA World Cup prediction market trading and unveiling new fee reductions for customers. The company said customers can now trade contracts on individual matches, group and tournament winners, spreads, totals, player contracts, and combo bets. The contracts are being routed through Rothera, a CFTC-licensed exchange and clearinghouse operated through a JV with Susquehanna International Group. Highlighting the launch, JB Mackenzie, VP and GM of Futures and Prediction Markets at Robinhood, said, “The World Cup is a global phenomenon and is the perfect event to launch Rothera.” The announcement comes as prediction markets have become crypto-related stocks's fastest-growing revenue product since launch, as trading volume has already surpassed 16B contracts year-to-date. Adding to the positive stock sentiment , the company also introduced a new pricing model, capping commissions at $0.01 per contract, while Gold subscribers can pay up to 50% less in fees and save as much as 95% compared with the previous pricing structure. More on Robinhood Markets Robinhood Markets, Inc. (HOOD) Shareholder/Analyst Call Transcript Robinhood Markets, Inc. (HOOD) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Robinhood: Crypto Transaction Revenue Collapses, Exposes Other Issues Which brokerages are scrapping pattern day trading rules today? The 10 least attractive large-cap financial stocks in the U.S
bymuratdeniz/iStock via Getty Images Shares of Applied Aerospace & Defense ( AADX ) have seen a small decline following its IPO. The positioning of the business, as a high-end manufacturer of defense and space applications, looks decent. However, it is a combination of demanding valuations and some uncertainty about the pace of organic growth, which makes investors largely cautious here. I stick t...
bymuratdeniz/iStock via Getty Images Shares of Applied Aerospace & Defense ( AADX ) have seen a small decline following its IPO. The positioning of the business, as a high-end manufacturer of defense and space applications, looks decent. However, it is a combination of demanding valuations and some uncertainty about the pace of organic growth, which makes investors largely cautious here. I stick to that cautious outlook and the cautious tone, as the current valuation looks demanding, like the rest of the sector. The rapid & fluid M&A history makes it difficult to measure the real organic growth achievements, making me naturally cautious here. Manufacturing For Defense & Space Applied Aerospace & Defense self-describes its business as a designer, engineer, and vertically integrated manufacturer for leading and next-generation space & defense technology businesses. The company provides such services across three major segments. These include 1) space and launch systems, 2) defense aviation and airborne systems, and 3) command, control, communications, computers, cyber, intelligence, surveillance, and reconnaissance systems. Such expertise is in great demand given that demand for such products and distribution is in great demand, and after decades of underinvestment, there is a structural shortage in the capacity of such production facilities. Actual products include (partial) products such as propellant tanks, engine nozzles, payload assemblies, solar arrays, deployable systems, nose cones, antennas, radiators, landing legs, landing gear, fuel tanks, fuselages, radar & communications, launchers, and others. The company employs some 1,500 workers who provide such services from no less than 11 production facilities located across the country, which measure about 1.5 million square feet of production facilities. The company was founded in 2022 by private equity firm Greenbriar Equity Group, following the acquisition of Applied Aerospace. This followed a deal for PCX Aero...