Lyzr, a startup that builds AI agents for enterprises, used its own AI agent to raise a $100 million round — proof, evidently, that the product actually works.
Lyzr, a startup that builds AI agents for enterprises, used its own AI agent to raise a $100 million round — proof, evidently, that the product actually works.
Asian stocks looked poised to gain on Friday after a resurgence in giant chipmakers drove a rebound on Wall Street. Oil opened lower in early Friday trading. Equity-index futures for Japan, South Korea and Hong Kong all pointed to higher opens. US stock futures were little changed after the S&P 500 added 0.8% and a gauge of semiconductor stocks climbed more than 3%. The tech-heavy Nasdag 100 close...
Asian stocks looked poised to gain on Friday after a resurgence in giant chipmakers drove a rebound on Wall Street. Oil opened lower in early Friday trading. Equity-index futures for Japan, South Korea and Hong Kong all pointed to higher opens. US stock futures were little changed after the S&P 500 added 0.8% and a gauge of semiconductor stocks climbed more than 3%. The tech-heavy Nasdag 100 closed up 1.6%. Treasuries gained Thursday, sending 10-year yields down three basis points to 4.55%. SK Hynix Inc. will be in focus after its US listing of American depositary receipts were priced at $149 each, according to a person familiar with the matter. The ADRs are set to begin when-issued trading Friday on the Nasdaq Global Select Market under the symbol SKHYV. At $149 per ADR, the South Korean chipmaker’s offering would raise around $26.5 billion, data compiled by Bloomberg show. That would be the largest ever first-time share sale in the US by a foreign company, topping Alibaba Group Holding Ltd. ’s $25 billion debut, according to data compiled by Bloomberg. West Texas Intermediate crude slipped 0.4% in early Asia trading. WTI sank 2% to end Thursday near $72 a barrel as traders priced in a limited US-Iran conflict, easing initial concerns that energy infrastructure would come under attack again. Brent settled down near $76. Optimism toward technology resurfaced as investors focused on signs that the AI investment boom remains intact after a sharp bout of selling in chip stocks earlier this week. Micron Technology Inc. plans to increase spending on new plants in the US to $250 billion to help meet demand fueled by the artificial-intelligence boom. Meanwhile, with the US and Iran trading airstrikes, the market treated the attacks as another round of managed escalation based on the premise that the economy can absorb the shock, noted Elias Haddad at Brown Brothers Harriman & Co. Amid ongoing debate about the economy, inflation, rates and geopolitics, the market’s directio...
(RTTNews) - Meta Platforms Inc. (META) has publicly rolled out Muse Spark 1.1, an upgraded multimodal AI model aimed at agentic coding and software development part of the company's push to compete more directly with OpenAI and Anthropic.
(RTTNews) - Meta Platforms Inc. (META) has publicly rolled out Muse Spark 1.1, an upgraded multimodal AI model aimed at agentic coding and software development part of the company's push to compete more directly with OpenAI and Anthropic.
Investors can choose between the broad, seasoned portfolio of the iShares U.S. Technology ETF (NYSEMKT:IYW) and the hyper-concentrated, high-growth focus on artificial intelligence offered by the Roundhill Generative AI & Technology ETF (NYSEMKT:CHAT) . The iShares fund tracks established giants across the U.S. technology sector, providing diversified exposure to hardware, software, and semiconduc...
Investors can choose between the broad, seasoned portfolio of the iShares U.S. Technology ETF (NYSEMKT:IYW) and the hyper-concentrated, high-growth focus on artificial intelligence offered by the Roundhill Generative AI & Technology ETF (NYSEMKT:CHAT) . The iShares fund tracks established giants across the U.S. technology sector, providing diversified exposure to hardware, software, and semiconductors. In contrast, the Roundhill fund is a thematic vehicle designed to capture the specific growth trajectory of generative artificial intelligence and related infrastructure companies. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Shares of memory chips maker Micron (NASDAQ:MU) jumped 6% in the afternoon session after the company announced a massive expansion of its domestic manufacturing, raising its planned U.S. investment to $250 billion through 2035.
Shares of memory chips maker Micron (NASDAQ:MU) jumped 6% in the afternoon session after the company announced a massive expansion of its domestic manufacturing, raising its planned U.S. investment to $250 billion through 2035.
Olemedia/E+ via Getty Images Sigma Lithium ( SGML ) up 4.5% post-market Thursday after saying it beat its Q2 production guidance by 6%, delivering 35K metric tons of high-grade lithium concentrate compared to its previous expectation of 33K tons. Sigma Lithium ( SGML ) said the performance was due to the successful execution of its comprehensive mining upgrade following a primarization of its mini...
Olemedia/E+ via Getty Images Sigma Lithium ( SGML ) up 4.5% post-market Thursday after saying it beat its Q2 production guidance by 6%, delivering 35K metric tons of high-grade lithium concentrate compared to its previous expectation of 33K tons. Sigma Lithium ( SGML ) said the performance was due to the successful execution of its comprehensive mining upgrade following a primarization of its mining operations, while the Cleantech industrial plant continued to exceed expectations, achieving 70% recovery of lithium from spodumene ore and delivering a ~20% yield. The company said it reached a full operating run rate during Q2 from its expanded mining fleet, supported by an optimized mine plan and enhanced operational execution. "As a result of the primarization, Sigma Lithium's own mining operations team demonstrated its readiness to deliver the raw materials to support the company's industrial growth plans to build a second Cleantech industrial plant within 12 months and potentially a third Cleantech industrial plant," the company said. More on Sigma Lithium Sigma Lithium Shareholder/Analyst Call Prepared Remarks Transcript Why Sigma Lithium Remains The One Stock I'm Most Confident In Sigma Lithium: Out Of The Fire (Upgrade To Hold From Sell)
Most of the attention on Micron Technology (NASDAQ: MU) sits on high-bandwidth memory and the artificial intelligence data center boom. That story is real, but it hides a different shift in how the company sells its products -- a shift that could shape the next earnings report more than any single chip. In the first week of July, Micron announced two strategic customer agreements within six days o...
Most of the attention on Micron Technology (NASDAQ: MU) sits on high-bandwidth memory and the artificial intelligence data center boom. That story is real, but it hides a different shift in how the company sells its products -- a shift that could shape the next earnings report more than any single chip. In the first week of July, Micron announced two strategic customer agreements within six days of each other. A strategic customer agreement is, in plain terms, a promise from a buyer to keep buying. On July 1, it signed a deal with General Motors to secure a long-term supply of memory for the automaker's next vehicle platforms. On July 6, Micron announced a similar pact with Ford Motor Company . Continue reading
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Robinhood Markets CIO Stephanie Guild, Telsey Advisory Group CEO & Chief Research Officer Dana Telsey, Goldman Sachs Senior Consumer Analyst, Managing Director Bonnie Herzog, Alger Executive Vice President, Portfolio Manager A...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Robinhood Markets CIO Stephanie Guild, Telsey Advisory Group CEO & Chief Research Officer Dana Telsey, Goldman Sachs Senior Consumer Analyst, Managing Director Bonnie Herzog, Alger Executive Vice President, Portfolio Manager Ankur Crawford, Schwab Center for Financial Research Head of Macro Research & Strategy Kevin Gordon, Class V Group Founder Lise Buyer, Willow Wealth CEO Mitch Caplan, Tanger President & CEO Stephen Yalof, & Deutsche Bank Research Analyst Michael Linenberg. (Source: Bloomberg)
Oil steadied at the end of a bumpy week as traders assessed the risk to flows from a flare-up in fighting between Iran and the US. West Texas Intermediate traded near $72 a barrel, after slumping by almost 2% on Thursday, as Brent ended above $76. Following a spate of attacks on vessels in the Strait of Hormuz, US forces struck targets in the Islamic Republic over two days, prompting retaliatory s...
Oil steadied at the end of a bumpy week as traders assessed the risk to flows from a flare-up in fighting between Iran and the US. West Texas Intermediate traded near $72 a barrel, after slumping by almost 2% on Thursday, as Brent ended above $76. Following a spate of attacks on vessels in the Strait of Hormuz, US forces struck targets in the Islamic Republic over two days, prompting retaliatory strikes by Tehran on American bases in the region. Still, the two sides stopped short of a return to all-out war. US Central Command said “Iran does not control the Strait of Hormuz ,” according to a post on X. Since May, American forces helped more than 800 vessels transit the waterway, it added. The conduit links Persian Gulf producers to global markets, and its status has been contested by Tehran and Washington. Oil remains higher for the week, with signs that observed transits through Hormuz have been slowed by the hostilities. Traders will be on alert for any resumption of talks between Washington and Tehran following the conclusion of the funeral of Iran’s slain Supreme Leader, Ayatollah Ali Khamenei. To get Bloomberg’s Energy Daily newsletter in your inbox, click here .
The former roommate of Tyler Robinson, who is accused of assassinating conservative activist Charlie Kirk, told prosecutors that Robinson expressed regret a day after the killing and planned to hand himself over to police, according to a video interview played in court on Thursday. The recorded interview with Robinson’s former roommate and romantic partner, Lance Twiggs, was presented as prosecuto...
The former roommate of Tyler Robinson, who is accused of assassinating conservative activist Charlie Kirk, told prosecutors that Robinson expressed regret a day after the killing and planned to hand himself over to police, according to a video interview played in court on Thursday. The recorded interview with Robinson’s former roommate and romantic partner, Lance Twiggs, was presented as prosecutors tried to convince a Utah judge they have sufficient evidence against Robinson to warrant a trial...
OpenAI is sunsetting its AI-powered browser after less than a year. But it's moving some agentic browsing features to its desktop app and a Chrome extension.
OpenAI is sunsetting its AI-powered browser after less than a year. But it's moving some agentic browsing features to its desktop app and a Chrome extension.
Pla2na/iStock via Getty Images The Bullish Outlook For Healthcare REITs With all eyes on AI stocks, Mr. Market seems to be blind to the fact that the healthcare industry is emerging from one of its toughest periods, while powerful long-term tailwinds are setting up the entire industry for future outperformance. COVID-19 had a huge impact on the healthcare industry. Demand for hospital care surged,...
Pla2na/iStock via Getty Images The Bullish Outlook For Healthcare REITs With all eyes on AI stocks, Mr. Market seems to be blind to the fact that the healthcare industry is emerging from one of its toughest periods, while powerful long-term tailwinds are setting up the entire industry for future outperformance. COVID-19 had a huge impact on the healthcare industry. Demand for hospital care surged, pushing healthcare systems way beyond their normal capacity. This unexpected increase in patient volumes made labor shortages even worse and at a rapid pace. As a consequence, hospitals struggled to recruit and retain enough healthcare professionals. In a labor-intensive industry, the combination of rapidly increasing demand and lack of supply pushes wages much higher. Reimbursement rates didn't compensate for the rise in labor costs, making it way harder for the healthcare industry to keep their financials in check. For healthcare REITs like Medical Properties Trust ( MPT ) and Chiron Real Estate ( XRN ) that own healthcare properties (more on this later on), the impact of inflation and therefore rapidly rising interest rates had a huge impact on interest expenses due to refinancing rates going way up. As a consequence (and many more, like the predatory impact of PE-firms that really hurt landlords like MPT), both REITs experienced a sharp decline in their share price: Seeking Alpha charting REITs sometimes (have to) sell or re-lease assets in order to clean up the balance sheet or fill vacant space after a tenant default. Many followers of MPT know that this was the case for them as well. The share price has the tendency to fall (a lot) further compared to what should be reasonable. When you look at the historical valuation of a REIT, it makes sense to look at the P/E ratio of a firm. With REITs, we use the P/FFO (funds from operations) multiple to see how the market has historically valued a REIT. Medical Properties Trust has filled hospitals previously leased to tenant...
JHVEPhoto Raytheon Technologies ( RTX ) announced that its Missiles and Defense business received a $101.98M undefinitized contract modification for engineering work to restart the MK 45 Capsule Launch System production line. The modification covers design updates, obsolescence mitigation, system integration, testing, and redesign of Eject Initiation Subsystems. The work is expected to be complete...
JHVEPhoto Raytheon Technologies ( RTX ) announced that its Missiles and Defense business received a $101.98M undefinitized contract modification for engineering work to restart the MK 45 Capsule Launch System production line. The modification covers design updates, obsolescence mitigation, system integration, testing, and redesign of Eject Initiation Subsystems. The work is expected to be completed by July 2030. Initial funding of $50.99M from Navy weapons procurement funds across FY2024–FY2026 will be obligated at the time of the award. The contract was awarded by Naval Air Systems Command. More on RTX Corporation RTX Corporation: The Valuation Expects More Growth RTX: Own A Piece Of Global Multipolar Peace RTX: Raytheon Powers Growth While Valuation Caps Returns Germany to buy U.S. Tomahawk missiles as Berlin builds long-range strike capability RTX’s Collins Aerospace fully launches Wolverhampton Engineering Center of Excellence
Ankur Crawford, Executive Vice President and Portfolio Manager at Alder, discusses the implications of Meta's AI strategy and its potential impact on the tech and cloud computing sectors. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
Ankur Crawford, Executive Vice President and Portfolio Manager at Alder, discusses the implications of Meta's AI strategy and its potential impact on the tech and cloud computing sectors. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
Morocco was no match for France, which lost 2-0. The French, one of the pre-tournament favorites, move on to the World Cup semifinals against either Spain or Belgium. (Image credit: Odd Andersen)
Morocco was no match for France, which lost 2-0. The French, one of the pre-tournament favorites, move on to the World Cup semifinals against either Spain or Belgium. (Image credit: Odd Andersen)