Stuart Paul, US and Canada economist for Bloomberg Economics, and Tom Keene, co-host of Bloomberg Surveillance, broke down the information out of the Fed's Beige Book Survey as the Fed reported inflation up across most districts, with costs rising due to conflict with Iran. On the other side, employment remained steady. (Source: Bloomberg)
Stuart Paul, US and Canada economist for Bloomberg Economics, and Tom Keene, co-host of Bloomberg Surveillance, broke down the information out of the Fed's Beige Book Survey as the Fed reported inflation up across most districts, with costs rising due to conflict with Iran. On the other side, employment remained steady. (Source: Bloomberg)
Rivian Automotive (NASDAQ:RIVN), which develops and sells electric pickup trucks and SUVs, closed Wednesday at $18.27, up 5.67%. The stock advanced after reports highlighted strong R2 SUV order interest and after robust recent results. Investors are closely watching R2 demand and
Rivian Automotive (NASDAQ:RIVN), which develops and sells electric pickup trucks and SUVs, closed Wednesday at $18.27, up 5.67%. The stock advanced after reports highlighted strong R2 SUV order interest and after robust recent results. Investors are closely watching R2 demand and
Liverpool defender Ibrahima Konate opens up on how the deaths of team-mate Diogo Jota and his father left him battling depression during his final season at the club.
Liverpool defender Ibrahima Konate opens up on how the deaths of team-mate Diogo Jota and his father left him battling depression during his final season at the club.
The S&P 500 (SNPINDEX:^GSPC) fell 0.74% to 7,553.68, the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.89% to 26,853.98, and the Dow Jones Industrial Average (DJINDICES:^DJI) dropped 1.21% to 50,687.07 as surging oil, higher yields, and geopolitical tensions pressured market
The S&P 500 (SNPINDEX:^GSPC) fell 0.74% to 7,553.68, the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.89% to 26,853.98, and the Dow Jones Industrial Average (DJINDICES:^DJI) dropped 1.21% to 50,687.07 as surging oil, higher yields, and geopolitical tensions pressured market
Ruchir Sharma, chairman of Rockefeller International and founder and chief investment officer of Breakout Capital, joins to provide insight into the current market dynamics. Sharma references his Financial Times op-ed, arguing that despite strong tech sector profits driven by AI advancements, the earnings narrative may be less robust than investors perceive, suggesting emerging vulnerabilities in ...
Ruchir Sharma, chairman of Rockefeller International and founder and chief investment officer of Breakout Capital, joins to provide insight into the current market dynamics. Sharma references his Financial Times op-ed, arguing that despite strong tech sector profits driven by AI advancements, the earnings narrative may be less robust than investors perceive, suggesting emerging vulnerabilities in the market. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
TTM Technologies ( TTMI ) closed a new $1B senior secured revolving credit facility and a $400M repriced and upsized Term Loan B. The financing strengthens the company's liquidity and provides greater flexibility for strategic growth initiatives. The new Term Loan B totals $400M and matures in May 2030. The new multi-currency revolving credit facility provides up to $1B of borrowing capacity and m...
TTM Technologies ( TTMI ) closed a new $1B senior secured revolving credit facility and a $400M repriced and upsized Term Loan B. The financing strengthens the company's liquidity and provides greater flexibility for strategic growth initiatives. The new Term Loan B totals $400M and matures in May 2030. The new multi-currency revolving credit facility provides up to $1B of borrowing capacity and matures in May 2031. The new revolver replaces TTM's prior $150M U.S. ABL facility and $150M Asia ABL facility. More on TTM Technologies TTM Technologies: AI Data Centers, Defense Electronics And Space Tailwinds Can Drive More Upside TTM Technologies: Negative On Valuation, Positive On Fundamentals TTM Technologies: Record Q1 Beat Fueled By AI And Defense, But Valuation Priced For Perfection Bloom Energy is the best performing large cap stock in April TTM projects Q2 2026 revenue of $930M-$970M as it raises 2026 capex to $300M-$320M
Canaccord Genuity press release ( CCORF ): Q4 Non-GAAP EPS of C$0.48. Revenue of C$612.7M (+33.2% Y/Y). More on Canaccord Genuity Group Inc. PesoRama to raise up to $7 million in private placement Historical earnings data for Canaccord Genuity Group Inc. Dividend scorecard for Canaccord Genuity Group Inc. Financial information for Canaccord Genuity Group Inc.
Canaccord Genuity press release ( CCORF ): Q4 Non-GAAP EPS of C$0.48. Revenue of C$612.7M (+33.2% Y/Y). More on Canaccord Genuity Group Inc. PesoRama to raise up to $7 million in private placement Historical earnings data for Canaccord Genuity Group Inc. Dividend scorecard for Canaccord Genuity Group Inc. Financial information for Canaccord Genuity Group Inc.
Good morning . Ray Dalio sees an AI bubble set to pop. Crypto enters a new investing era as Bitcoin stumbles. And World Cup fans are ready to do whatever it takes to catch a match. Listen to the day’s top stories . Market Snapshot Brent Crude Futures $97.00 +1.0% WTI Crude Futures $96.02 +2.4% S&P 500 7,553.68 -0.7% Bitcoin $65,453.16 +0.8% Market data as of 05:30 PM ET. Data is subject to provide...
Good morning . Ray Dalio sees an AI bubble set to pop. Crypto enters a new investing era as Bitcoin stumbles. And World Cup fans are ready to do whatever it takes to catch a match. Listen to the day’s top stories . Market Snapshot Brent Crude Futures $97.00 +1.0% WTI Crude Futures $96.02 +2.4% S&P 500 7,553.68 -0.7% Bitcoin $65,453.16 +0.8% Market data as of 05:30 PM ET. Data is subject to provider delays. AI bubble talk is back, with billionaire investor Ray Dalio saying the booming artificial-intelligence market is showing signs that it will eventually run out of room to run. “The pricking is the converting of wealth into money,” the founder of Bridgewater Associates told Bloomberg Television. Today’s AI-driven market is “following that kind of path, even though it is a wonderful technology.” But for now at least, it’s all still coming up AI. Nvidia Chief Executive Officer Jensen Huang touted “insane” returns for investors, as he sought to dispel long-term profitability concerns. Alphabet said Gemini’s monthly active users more than doubled, topping 900 million in May from a year earlier. Ahead of Gemini 3.5’s release this month, the company increased its equity raise to $84.75 billion. Crude rose and stocks fell on renewed clashes between the US and Iran in the most serious flare-up since a ceasefire went into effect in early April. Iranian Foreign Minister Abbas Araghchi said no “tangible” progress has been made in talks, Tasnim reported, while Donald Trump suggested Tehran is close to signing a deal in “theory.” The US president also downplayed the threat of sea mines in the Strait of Hormuz. In Washington, the Republican-led House of Representatives voted to halt the war , breaking with Trump. SpaceX IPO Price Would Put Musk Just Shy of Trillionaire Status Read more South Korean President Lee Jae Myung’s party is on track for a resounding victory in key local elections that will probably pile pressure on opposition conservatives as they struggle to reinvent th...
Stoneridge ( SRI ) on Wednesday said it appointed Scott Humphrey as chief financial officer and treasurer, tasking him with overseeing the company's global finance organization. Humphrey joins from Fox Factory Holding, where he served as CFO and helped lead acquisitions, expand financial infrastructure, and support global growth initiatives. More on Stoneridge Stoneridge, Inc. (SRI) Q1 2026 Earnin...
Stoneridge ( SRI ) on Wednesday said it appointed Scott Humphrey as chief financial officer and treasurer, tasking him with overseeing the company's global finance organization. Humphrey joins from Fox Factory Holding, where he served as CFO and helped lead acquisitions, expand financial infrastructure, and support global growth initiatives. More on Stoneridge Stoneridge, Inc. (SRI) Q1 2026 Earnings Call Transcript Stoneridge, Inc. 2026 Q1 - Results - Earnings Call Presentation Stoneridge Still Offers Excellent Growth Potential Stoneridge reaffirms 2026 adjusted EBITDA guidance of $20M-$25M while updating revenue outlook to $645M-$670M Stoneridge GAAP EPS of -$0.52, revenue of $160.8M
A case of New World screwworm has been reported in South Texas. If confirmed, it would be the first detected breach of the US-Mexico border by the ravenous flesh-eating flies , which have been making their way up through Central America for the past several years. In a social media post Wednesday afternoon , the US Department of Agriculture said a "sample is now at USDA's National Veterinary Servi...
A case of New World screwworm has been reported in South Texas. If confirmed, it would be the first detected breach of the US-Mexico border by the ravenous flesh-eating flies , which have been making their way up through Central America for the past several years. In a social media post Wednesday afternoon , the US Department of Agriculture said a "sample is now at USDA's National Veterinary Services Laboratories (NVSL) in Ames, lowa for confirmatory testing. We will provide updates the moment results are available." It added that "We have already activated personnel on the ground and are working with local partners." Chatter of a screwworm detection had already been building this week, rattling the US cattle industry. Read full article Comments
Since the Ukraine war began in 2022, Asia has been watching conflict as if enrolled in a study course. We have heard every argument: Nato enlargement, Russian insecurity, Ukrainian sovereignty, European fear, American power, energy politics, sanctions, nationalism and resistance. We have watched Gaza burn. We have watched the United States capture Venezuela’s president and defend the act as lawful...
Since the Ukraine war began in 2022, Asia has been watching conflict as if enrolled in a study course. We have heard every argument: Nato enlargement, Russian insecurity, Ukrainian sovereignty, European fear, American power, energy politics, sanctions, nationalism and resistance. We have watched Gaza burn. We have watched the United States capture Venezuela’s president and defend the act as lawful. We have watched Iran absorb attacks and retaliate. For Asians, these are no longer distant events....