The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.53%. June E-mini S&P futures (ESM26 ) rose +0.36%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.53%. June E-mini S&P futures (ESM26 ) rose +0.36%, and June E-mini Nasdaq futures...
Investors in Micron Technology (MU) stock have laughed all the way to the bank over the past year, especially those who bought into the AI memory story early. Putting the rally in context, Micron stock has gained almost 100% in the past month alone and over 350% over the past six months, ...
Investors in Micron Technology (MU) stock have laughed all the way to the bank over the past year, especially those who bought into the AI memory story early. Putting the rally in context, Micron stock has gained almost 100% in the past month alone and over 350% over the past six months, ...
Autodesk Stock Rally: Why Momentum May Not Be Done YetAutodesk (NASDAQ:ADSK) executives said the company’s recently announced acquisition of MaintainX is intended to extend its software strategy from design and construction into the operations phase of an asset’s life cycle, posi
Autodesk Stock Rally: Why Momentum May Not Be Done YetAutodesk (NASDAQ:ADSK) executives said the company’s recently announced acquisition of MaintainX is intended to extend its software strategy from design and construction into the operations phase of an asset’s life cycle, posi
Concrete Pumping (NASDAQ:BBCP) reported stronger second-quarter results and raised its fiscal 2026 outlook, citing continued momentum in U.S. commercial and infrastructure markets, improved fleet utilization and growing work tied to data centers and chip plants. On the company’s
Concrete Pumping (NASDAQ:BBCP) reported stronger second-quarter results and raised its fiscal 2026 outlook, citing continued momentum in U.S. commercial and infrastructure markets, improved fleet utilization and growing work tied to data centers and chip plants. On the company’s
Sometimes it takes a while for them to surface. The fact of the matter is, though, competitors will always eventually take aim at a market's leaders, often with a superior solution. That's what's happening within the payments arena right now. After years of chipping away at the dominance of cash and check-based payments, now credit card middlemen like Visa (NYSE: V) and Mastercard (NYSE: MA) are f...
Sometimes it takes a while for them to surface. The fact of the matter is, though, competitors will always eventually take aim at a market's leaders, often with a superior solution. That's what's happening within the payments arena right now. After years of chipping away at the dominance of cash and check-based payments, now credit card middlemen like Visa (NYSE: V) and Mastercard (NYSE: MA) are facing unexpected opponents. It's not mobile or digital wallets either; despite their once-strong hype, this option accounted for only about 1% of consumer purchase payments in the United States last year . No, this up-and-coming rival is "pay-by-bank" payments that let a merchant directly withdraw funds from a consumer's bank account, bypassing card payment networks and, subsequently, their higher processing fees. But is this alternative an actual threat to credit and debit card companies? Continue reading
Spain will depart from Santiago de Compostela at 10am on Friday morning bound for Chattanooga, via Nashville, but seven of the eight men who made their debuts in the final preparation game before the World Cup will not be on board with them. Nor will the seleccion be flying west with a victory after they bid adios with a 1-1 draw against Iraq at Estadio Riazor. Which may not sound very good – and ...
Spain will depart from Santiago de Compostela at 10am on Friday morning bound for Chattanooga, via Nashville, but seven of the eight men who made their debuts in the final preparation game before the World Cup will not be on board with them. Nor will the seleccion be flying west with a victory after they bid adios with a 1-1 draw against Iraq at Estadio Riazor. Which may not sound very good – and it really was not very good either, a 22-minute cameo from Mikel Merino about the best thing about it – but is no cause for alarm. Luis de la Fuente’s side will still be among the favourites in the US, Canada and Mexico and rightly so; this was not really his side, at least not recognisably so. Continue reading...
Never miss an episode. Follow The Big Take daily podcast today. President Rodrigo Paz ended 20 years of socialist rule in Bolivia with promises of unity, democracy and prosperity — and plans to tap the country’s mineral wealth. But when host David Gura went to Bolivia to interview the president, he found a harsher reality: demonstrators blockading La Paz’s streets to demand the president’s resigna...
Never miss an episode. Follow The Big Take daily podcast today. President Rodrigo Paz ended 20 years of socialist rule in Bolivia with promises of unity, democracy and prosperity — and plans to tap the country’s mineral wealth. But when host David Gura went to Bolivia to interview the president, he found a harsher reality: demonstrators blockading La Paz’s streets to demand the president’s resignation. On today’s Big Take podcast, Gura shows how Bolivians’ centuries-old distrust of government is complicating President Paz’s efforts to persuade Bolivians – and investors – that this time is different. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Listen and follow The Big Take on Apple Podcasts , Spotify or wherever you get your podcasts. Terminal clients: Visit NSUB to subscribe. This episode was produced by: David Fox; Editors: Jeffrey Grocott and Tracey Samuelson; Fact-checker: Rachael Lewis-Krisky and Laura Newcombe; Sound Design/Engineer: Alex Sugiura; Senior Producer: Naomi Shavin; Senior Editor: Elisabeth Ponsot; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.
Brandon Bell/Getty Images News SpaceX ( SPCX ) has told underwriting banks that it intends to maintain its proposed initial public offering price of $135 a share, Reuters reported Thursday, citing people familiar with the matter, indicating the company is comfortable with investor demand as it moves through its roadshow process. The planned pricing would support a roughly $75 billion capital raise...
Brandon Bell/Getty Images News SpaceX ( SPCX ) has told underwriting banks that it intends to maintain its proposed initial public offering price of $135 a share, Reuters reported Thursday, citing people familiar with the matter, indicating the company is comfortable with investor demand as it moves through its roadshow process. The planned pricing would support a roughly $75 billion capital raise, making the offering the largest IPO ever attempted and valuing the Elon Musk-led company at about $1.77 trillion. The decision is notable because companies typically use investor meetings during a roadshow to gauge demand before finalizing pricing. While sources cautioned that the offering price could still change before the shares begin trading, SpaceX's ( SPCX ) current stance suggests management sees little need to adjust terms despite the deal's unprecedented size. Investor interest appears exceptionally strong. People familiar with the marketing process said demand has far exceeded typical levels seen in major public offerings, with analysts and bankers handling a significantly higher volume of investor inquiries than is customary during an IPO roadshow, Reuters reported. The robust response underscores Wall Street's appetite for exposure to one of the world's most valuable private companies. SpaceX's ( SPCX ) dominance in commercial launches, satellite communications through Starlink and expanding role in national security missions have helped make the offering one of the most anticipated market debuts in years. SpaceX ( SPCX ) began meeting with prospective investors on Thursday as part of its formal roadshow. The company is expected to price the offering shortly before its planned market debut on June 12. More on SpaceX SpaceX: The Lockup Schedule And AI Losses Are Pushing Me To The Sidelines Wall Street Lunch: SpaceX Eyes $75B IPO At $1.75T Valuation SpaceX: Lessons From The Post-IPO Drawdowns Of Mega-Tech Royalty Anthropic co-founder says humans might become the...
Oil was steady after its first decline this week on optimism that ceasefire talks between the US and Iran will see energy flows resume through the Strait of Hormuz. West Texas Intermediate traded below $93 a barrel, after sliding more than 3% on Thursday, while Brent closed near $95. President Donald Trump said that talks were going well , despite Iran-backed Hezbollah rejecting a US-brokered ceas...
Oil was steady after its first decline this week on optimism that ceasefire talks between the US and Iran will see energy flows resume through the Strait of Hormuz. West Texas Intermediate traded below $93 a barrel, after sliding more than 3% on Thursday, while Brent closed near $95. President Donald Trump said that talks were going well , despite Iran-backed Hezbollah rejecting a US-brokered ceasefire deal between Israel and Lebanon. WTI has gained more than 6% this week after uncertainty over the progress of the negotiation eroded some of the earlier optimism for a deal that would lead to a resumption of oil flows through the strait — which carries about a fifth of the world’s crude and liquefied natural gas in peacetime. Futures are still down about a fifth since early April — when the US and Tehran agreed to a ceasefire after more than five weeks of fighting. “The move in WTI from pre-ceasefire highs of $110+ to current levels in the low-$90s was the proverbial low-hanging fruit — signaling the oil market’s relief that all-out war is over, and the region’s oil industry infrastructure has been mostly unscathed,” said Pavel Molchanov, an analyst at Raymond James. “Further price declines will hinge on meaningful recovery in Hormuz shipping volumes.” To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for July delivery slipped 0.2% to $ 92.88 a barrel at 6:01 a.m. in Singapore. Brent for August dropped 2.8% to settle at $95.03 a barrel on Thursday.
Major earnings expected before the bell on Friday include: ABM Industries Incorporated ( ABM ) StealthGas ( GASS ) G-III Apparel Group, Ltd. ( GIII ) For Seeking Alpha's full earnings season calendar, click here .
Major earnings expected before the bell on Friday include: ABM Industries Incorporated ( ABM ) StealthGas ( GASS ) G-III Apparel Group, Ltd. ( GIII ) For Seeking Alpha's full earnings season calendar, click here .
After it was sanctioned by the US government for allegedly helping Iran, a Chinese satellite company has released high-definition images of the Nvidia and Apple headquarters in California’s Silicon Valley. They were among photos posted on social media on Monday by Changguang Satellite based in Changchun, in northeast China. The satellite images – captured by the company’s Jilin-1 constellation – o...
After it was sanctioned by the US government for allegedly helping Iran, a Chinese satellite company has released high-definition images of the Nvidia and Apple headquarters in California’s Silicon Valley. They were among photos posted on social media on Monday by Changguang Satellite based in Changchun, in northeast China. The satellite images – captured by the company’s Jilin-1 constellation – offer a detailed bird’s-eye view of the region. They include the futuristic Endeavour and Voyager...
Sacramento, CA, June 04, 2026 (GLOBE NEWSWIRE) -- New brand and website reflect 23 years of Microsoft ERP expertise, a deeper focus on Business Central, and a continued commitment to local, personalized service. Northbank Technology Group, formerly QBIX, LLC, today announced the launch of its new brand and website at www.northbanktech.com. The rebrand reflects the company’s long-standing dedicatio...
Sacramento, CA, June 04, 2026 (GLOBE NEWSWIRE) -- New brand and website reflect 23 years of Microsoft ERP expertise, a deeper focus on Business Central, and a continued commitment to local, personalized service. Northbank Technology Group, formerly QBIX, LLC, today announced the launch of its new brand and website at www.northbanktech.com. The rebrand reflects the company’s long-standing dedication to helping Northern California businesses modernize their finance, operations, and back-office sys
Millions of Americans are feeling the pinch of higher costs -- to the point that the level of food insecurity in the U.S. is higher now than at the height of the COVID-19 pandemic, when millions of workers were unemployed, a new survey from the Federal Reserve Bank of New York found. Consumer sentiment also hit a new low in May. The University of Michigan Consumer Sentiment Index, which measures c...
Millions of Americans are feeling the pinch of higher costs -- to the point that the level of food insecurity in the U.S. is higher now than at the height of the COVID-19 pandemic, when millions of workers were unemployed, a new survey from the Federal Reserve Bank of New York found. Consumer sentiment also hit a new low in May. The University of Michigan Consumer Sentiment Index, which measures consumers' economic outlook, dropped to its lowest point ever -- lower than during the Great Recession, the pandemic, and the 2022 bear market. Typically, economic pessimism goes hand in hand with a declining stock market. Right now, though, the S&P 500 (SNPINDEX: ^GSPC) is reaching record high after record high with no signs of slowing down. This disconnect is unusual, and while nobody can predict exactly where the market is headed, history can offer some reassuring news for investors. Continue reading
Beer Demand Goes Flat As Even Alcoholics Pull Back With Gas Above $4 Beer sales across the U.S. over Memorial Day weekend were troublingly soft, according to a new Goldman report, which attributed the weakness primarily to a "challenging macro backdrop" and unusually cold weather across parts of the Lower 48 states. The Gulf-related fuel price shock has kept the national average for 87-octane gaso...
Beer Demand Goes Flat As Even Alcoholics Pull Back With Gas Above $4 Beer sales across the U.S. over Memorial Day weekend were troublingly soft, according to a new Goldman report, which attributed the weakness primarily to a "challenging macro backdrop" and unusually cold weather across parts of the Lower 48 states. The Gulf-related fuel price shock has kept the national average for 87-octane gasoline above the politically sensitive $4-per-gallon threshold for more than 66 days, or roughly two months. Consumers are already pulling back on purchases at gas stations and convenience stores , with the latest evidence showing a sharp slowdown in energy drink sales growth amid rising fuel prices. The next victim of the fuel price shock, amid a dismal consumer backdrop of sliding personal savings and a fading tax-refund sugar high , appears to be beer - generally considered a consumer staple product. The latest high-frequency data cited by Bonnie Herzog shows beer trends over the Memorial Day weekend were troubling. "As expected, the challenging macro environment appears to be the largest drag on beer trends - as consumers have less disposable income and are prioritizing more non-discretionary purchases - while unfavorable weather in several parts of the country further pressured consumption patterns with Memorial Day weekend being the wettest and one of the coldest holiday weekends in the past 5 years," Herzog wrote in the note. Herzog's "Bev Bytes" Beer Distributor Survey covers feedback from roughly 45 beer distributors , representing about 145,000 retail outlets or 23% of U.S. alcohol-selling locations , providing clients with a solid real-time snapshot of beer demand. That snapshot showed demand remained uneven, with Constellation Brands standing out as a winner, while Heineken, Boston Beer, and Molson Coors lagged behind. About half of the respondents in the survey said beer sales slowed in April and May compared with the first quarter, citing a softening in consumer...