IonQ (NYSE: IONQ) is battling D-Wave (NYSE: QBTS) and Rigetti (NASDAQ: RGTI) in one of the strangest quantum stock setups on the market. The stocks look damaged, but the businesses tell a more complicated story, with revenue growth, government contracts, acquisition potential, and major technology risk all colliding at once. Continue reading
IonQ (NYSE: IONQ) is battling D-Wave (NYSE: QBTS) and Rigetti (NASDAQ: RGTI) in one of the strangest quantum stock setups on the market. The stocks look damaged, but the businesses tell a more complicated story, with revenue growth, government contracts, acquisition potential, and major technology risk all colliding at once. Continue reading
Monica Schipper/Getty Images Entertainment Editor's note: Corrects probability for 25-basis-point rate hike in the fifth paragraph. The May nonfarm payrolls report came in stronger than expected and marked three straight months of solid job gains. That has many Fed watchers expecting the central bankers' next rate move will more likely be a hike than a cut as elevated inflation persists for five y...
Monica Schipper/Getty Images Entertainment Editor's note: Corrects probability for 25-basis-point rate hike in the fifth paragraph. The May nonfarm payrolls report came in stronger than expected and marked three straight months of solid job gains. That has many Fed watchers expecting the central bankers' next rate move will more likely be a hike than a cut as elevated inflation persists for five years. The Trump administration, though, still argues that a rate cut may be warranted. The U.S. economy added 172K jobs in May , according to the Bureau of Labor Statistics' employment situation report, exceeding the consensus of 85K. It revised the previous two months of numbers up by 93K. Meanwhile, core PCE, the Fed's preferred inflation measure, rose 3.3% Y/Y in April, well above the central bank's 2% target. Former Federal Reserve Vice Chair Roger Ferguson believes there could be a rate hike this year as inflation remains stubbornly high, he said during an interview on Friday. "With this labor market report plus the (upward) revisions and still sticky inflation, you've got to have a hike on the table at some point this year." Earlier, the debate had been on whether the labor market was weakening or stabilizing. "Now the debate is definitely going from stabilizing to, not overheating, but in a strong and positive direction," he said. Indeed, the probability for a 25-basis-point rate hike by the end of the year increased to 42.6% from 38.2% on Thursday, according to the CME FedWatch tool. The odds of a 50-bp hike jumped to 20.7% from 10.9% a day earlier. Kevin Hassett, director of the White House's National Economic Council, thinks there's a scenario where cutting rates won't boost inflation. He touted the May jobs number, saying, "This is a job market that's hitting on all cylinders." "I don't think it's a classic Phillips curve 'here goes inflation is going to take off' kind of jobs market," he explained. "It's a supply-side driven job market boom, which, I think, mean...
BlackRock Global Fixed Income CIO Rick Rieder reacts to the May US employment report and discusses the impact of AI and the Iran conflict on financial markets. Speaking with Matt Miller on "Bloomberg Open Interest," Rieder also comments on Bank of Japan and Federal Reserve monetary policies, bond yields and the private credit market. (Source: Bloomberg)
BlackRock Global Fixed Income CIO Rick Rieder reacts to the May US employment report and discusses the impact of AI and the Iran conflict on financial markets. Speaking with Matt Miller on "Bloomberg Open Interest," Rieder also comments on Bank of Japan and Federal Reserve monetary policies, bond yields and the private credit market. (Source: Bloomberg)
A couple of weeks ago, we learned from Audi CEO Gernot Döllner that the automaker was likely working on a replacement for its R8 supercar . We now know what it will probably look like, as the brand unveiled the Nuvolari concept in the South of France yesterday on the eve of the Monaco Grand Prix. The Nuvolari's styling is a departure from Audi's current design language, though it remains consisten...
A couple of weeks ago, we learned from Audi CEO Gernot Döllner that the automaker was likely working on a replacement for its R8 supercar . We now know what it will probably look like, as the brand unveiled the Nuvolari concept in the South of France yesterday on the eve of the Monaco Grand Prix. The Nuvolari's styling is a departure from Audi's current design language, though it remains consistent with the Concept C , a more compact coupe that will use the same underpinnings as Porsche's electric Boxster. Similarly, the Nuvolari leverages another of Audi's stablemates within the Volkswagen Group empire: Lamborghini. As with both generations of R8, the Nuvolari uses Lamborghini's smaller mid-engined platform. The Nuvolari looks rather clinical in these renderings. Credit: Audi Dare I say the carbon bodywork is a bit slab-like? Credit: Audi The Nuvolari's interior. Credit: Audi In the past, that meant a wonderful-sounding naturally aspirated V10 lived behind the cockpit within the aluminum space frame chassis. But the Huracán is gone now, and with it, that engine. Now it's time for the Temerario , which amazed our reviewer when we tested one in February due to the accessibility of its performance and the advances it made over its predecessor. The Nuvolari may even eclipse the Lamborghini for performance; with 987 hp (736 kW), it equals the Bugatti Veyron's output. Read full article Comments
Iran’s attack last month on a nuclear power plant in the United Arab Emirates has prompted the world’s atomic watchdog to look at whether reactors’ external power supply lines need additional protection against the threat of war. The strike on the Barakah facility exposed vulnerabilities that few in the industry had seriously contemplated when the plant was designed, International Atomic Energy Ag...
Iran’s attack last month on a nuclear power plant in the United Arab Emirates has prompted the world’s atomic watchdog to look at whether reactors’ external power supply lines need additional protection against the threat of war. The strike on the Barakah facility exposed vulnerabilities that few in the industry had seriously contemplated when the plant was designed, International Atomic Energy Agency Director General Rafael Mariano Grossi said on Friday. While the plant withstood the attack without a radiological emergency, it triggered a temporary loss of offsite power, forcing emergency diesel generators to kick in, he said. Such backup power sources are one of the last lines of defense to maintain nuclear safety. Reactors need a constant supply of electricity to keep cooling and circulation running. Without those systems, fuel inside a reactor’s core can overheat, potentially resulting in a dangerous release of radiation, as happened in 2011 at Japan’s Fukushima plant. “The industry recognizes we live in a world of conflict,” Grossi said. Utilities and regulators need to increase their emphasis on emergency preparedness, particularly backup electricity supplies and grid connections, he said. The IAEA is now working with UAE authorities to assess lessons from the Barakah incident, he said. Read More: How Attack on UAE Shows Nuclear Plants’ Vulnerability: Explainer The attack on the UAE has sharpened a debate that’s been quietly spreading through the nuclear industry since Russia ’s invasion of Ukraine: How do operators protect reactors in an era when major energy infrastructure is increasingly viewed as a wartime target? Fighting around Ukraine’s Russia-occupied Zaporizhzhia nuclear plant has repeatedly raised fears of a severe accident. Strikes near Iran’s reactor in Bushehr have similarly prompted concerns over contamination. Russia itself has seen attacks affect the operations of one of its nuclear facilities in Kursk . These risks have implications beyond exi...
JPMorgan on Friday lifted its sell rating on Tesla — which it's had since July 2023 — touting the company's vertically integrated supply chain and artificial intelligence capabilities. The investment bank raised its rating on the stock to "neutral" from "underweight" – which is the equivalent of "sell." JPMorgan analyst Rajat Gupta said the crossover between Tesla's business units, including autom...
JPMorgan on Friday lifted its sell rating on Tesla — which it's had since July 2023 — touting the company's vertically integrated supply chain and artificial intelligence capabilities. The investment bank raised its rating on the stock to "neutral" from "underweight" – which is the equivalent of "sell." JPMorgan analyst Rajat Gupta said the crossover between Tesla's business units, including automotive and robotics, was "under-appreciated and misunderstood." "Using cell and vehicle production factories as a test bed for Optimus/Humanoids should not only lower [costs] for the base automotive business, but more importantly, help validate the product at an industrial scale," he wrote in a note to investors. The upgrade comes ahead of the hotly anticipated initial public offering for another one of Tesla CEO Elon Musk's companies, SpaceX. SpaceX is slated to debut on the Nasdaq on June 12 and is targeting a $1.8 trillion valuation and a share price of $135 in what could be the largest IPO ever. Wall Street firms, funds and major stock indexes have been attempting to garner favor with the company ahead of its debut , which will offer an atypically large allocation for retail investors. Stock indexes have been reconsidering their rules for inclusion ahead of the SpaceX IPO and other expected large IPOs from AI companies OpenAI and Anthropic. Usually it takes years for a company to enter a benchmark index like the S & P 500 or the Nasdaq 100 . S & P Dow Jones Indices said Thursday it would not be making any changes to its entry requirements for its major indices, dealing a setback to SpaceX. S & P said it decided that exceptions to its index entry requirements "should not be granted solely based on market capitalization." Nasdaq and FTSE Russell have recently made rule changes that will make expedited index entry easier for large companies. Investors are also looking ahead to the possibility of a merger between Musk-run companies SpaceX and Tesla. "I think it would be a ve...
Recent moves by trading platform Robinhood into prediction markets could boost the stock, which is down more than 40% from its 52-week high, according to Deutsche Bank. The bank in a Friday note reiterated its buy rating on the stock and hiked its price target to $98. That implies an 11% gain from Thursday's close. On Thursday, Robinhood announced that it was starting to direct some of its event c...
Recent moves by trading platform Robinhood into prediction markets could boost the stock, which is down more than 40% from its 52-week high, according to Deutsche Bank. The bank in a Friday note reiterated its buy rating on the stock and hiked its price target to $98. That implies an 11% gain from Thursday's close. On Thursday, Robinhood announced that it was starting to direct some of its event contracts to Rothera, the prediction market it developed in a joint venture with Susquehanna International Group. Select event contracts related to the World Cup and professional baseball will be routed to the platform. That should be a boost to the company, which already processes large volumes of event contracts, analyst Brian Bedell said. HOOD 1Y mountain Robinhood 1-year. "Today's Rothera launch is strategically timed with the 2026 World Cup to drive engagement on this fast-growing asset class, which has already seen over 16bn contracts traded year-to-date in 2026," Bedell wrote. While some contracts will be routed toward Rothera, Robinhood will still feature event contracts from Kalshi and ForecastEx, Interactive Brokers ' prediction market platform. A spokesperson for Robinhood told CNBC on Thursday, though, that this was not the official launch of the company's prediction market platform. And while Robinhood will still feature other platforms' contracts, lower fees on Rothera could be attractive to traders, Bedell noted. Rothera's fees will be capped at one cent per contract, similar to ForecastEx's fee structure, but less than Kalshi's maximum of two cents per contract. "The new exchange, combined with a revised lower-fee structure, (albeit maintaining consistent levels of monetization) confirms management's prior message of providing a best-in-class pricing for prediction markets to customers, and we updated our volume forecasts to better reflect potentially greater user participation," Bedell wrote.
SpaceX has already received orders for more than the shares available in its record-setting $75 billion initial public offering, according to people familiar with the matter, shortly after starting to formally market the deal. The IPO for Elon Musk ’s rocket, satellite and artificial intelligence company is oversubscribed after early one-on-one conversions, one of the people said, asking not to be...
SpaceX has already received orders for more than the shares available in its record-setting $75 billion initial public offering, according to people familiar with the matter, shortly after starting to formally market the deal. The IPO for Elon Musk ’s rocket, satellite and artificial intelligence company is oversubscribed after early one-on-one conversions, one of the people said, asking not to be identified as the information isn’t public. The Starbase, Texas-based company is offering shares at $135 each in a deal that could value it at roughly $1.8 trillion. The deal is expected to price June 11 and begin trading the following day, and remains very early in the process, the people said. Deliberations are ongoing and details could change, the people said. A spokesperson for SpaceX didn’t immediately respond to a request for comment. Musk’s decision to offer shares at a fixed price ahead of the order-taking is almost unheard of for sizable US IPOs, unlike in Europe and Asia. Most companies typically announce a price range before marketing shares during investor presentations, with only a handful of tiny firms skipping the opportunity to gauge demand, and potentially build excitement by pricing at the top or above. Goldman Sachs Group Inc. , Morgan Stanley , Bank of America Corp. , Citigroup Inc. and JPMorgan Chase & Co. are leading the deal, with 18 other banks participating. The company formally known as Space Exploration Technologies Corp. expects to make its debut on Nasdaq and Nasdaq Texas under the symbol SPCX.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we
Excuses were plentiful for lululemon athletica's ( LULU ) first-quarter stumble , from Chip Wilson's public campaign against management and sluggish North American sales to geopolitical headwinds in the Middle East and a growing dependence on promotions. Although the company delivered a top- and bottom-line beat in the first quarter, guidance was lowered to reflect the ongoing challenges for the “...
Excuses were plentiful for lululemon athletica's ( LULU ) first-quarter stumble , from Chip Wilson's public campaign against management and sluggish North American sales to geopolitical headwinds in the Middle East and a growing dependence on promotions. Although the company delivered a top- and bottom-line beat in the first quarter, guidance was lowered to reflect the ongoing challenges for the “rudderless” company and “more work ahead” to return the company to its former glory in the athleisure segment. “I want to emphasize that we are not sitting still, and we are moving with urgency to make the necessary adjustments to reaccelerate momentum, particularly in North America,” interim co-CEO Meghan Frank said during the company’s earnings call with analysts. “One of the most concerning elements here is that despite lululemon's theme of returning to full-price sales growth, it noted that it will have to rely more deeply on seasonal clearances in Q2 to move out slower-moving inventory in Q1. With this in mind, we have to wonder: does lululemon have any brand momentum at all, or has it permanently cheapened in consumers' eyes?” asks Seeking Alpha analyst Gary Alexander , noting the 410 basis point erosion in gross margins. BTIG’s Janine Strichter believes the root of lululemon’s ( LULU ) challenges “has not been fully diagnosed” and sees the company in a holding pattern until at least the arrival of incoming CEO Heidi O’Neill (currently restricted by a non-compete clause with former employer Nike). “Despite initiatives to improve product, marketing, and merchandising, we see potential for trends to deteriorate further before improving,” Strichter adds, turning more cautious with a downgrade to Neutral from Buy. Oppenheimer’s Brian Nagel is equally cautious towards lululemon’s ( LULU ) future, calling the company a “rudderless ship in increasingly choppy seas.” “While remaining constructive upon the underlying prowess of the brand, we are increasingly concerned that sta...
"Stocks Should Go Up, Not Down": Trump Rages At Market Reaction To 'Great' Jobs Report Global capital markets are a mess following this morning's hotter than expected rise in US employment . Nasdaq is down 2%... Yields are spiking dramatically... The dollar is rampaging higher... And Gold (and bitcoin) are getting clubbed like a baby seal... All of which prompted President Trump to exclaim that "s...
"Stocks Should Go Up, Not Down": Trump Rages At Market Reaction To 'Great' Jobs Report Global capital markets are a mess following this morning's hotter than expected rise in US employment . Nasdaq is down 2%... Yields are spiking dramatically... The dollar is rampaging higher... And Gold (and bitcoin) are getting clubbed like a baby seal... All of which prompted President Trump to exclaim that "stocks should go up, not down" on the back of a strong jobs report : It appears the President has not been watching for the last couple of decades as The Fed has become a mainstay and 'good' news removes their pillar of support... ...meaning 'bad' news for stocks. Tyler Durden Fri, 06/05/2026 - 10:40
The Schwab U.S. Dividend Equity ETF (NYSEMKT:SCHD) may appeal to income-oriented investors seeking a higher yield and lower volatility, while the Vanguard Dividend Appreciation ETF (NYSEMKT:VIG) offers broader market exposure and a heavier tilt toward technology growth. Investors often look to dividend-focused strategies for a combination of income and relative stability. VIG prioritizes dividend ...
The Schwab U.S. Dividend Equity ETF (NYSEMKT:SCHD) may appeal to income-oriented investors seeking a higher yield and lower volatility, while the Vanguard Dividend Appreciation ETF (NYSEMKT:VIG) offers broader market exposure and a heavier tilt toward technology growth. Investors often look to dividend-focused strategies for a combination of income and relative stability. VIG prioritizes dividend consistency, requiring 10 years of growth, while SCHD uses a multi-factor screen based on cash flow and return on equity. These nuances result in distinct sector weightings and performance profiles. 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
Investors in Marvell Technology Inc (Symbol: MRVL) saw new options begin trading today, for the October 16th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 133 days until expiration the newly trading
Investors in Marvell Technology Inc (Symbol: MRVL) saw new options begin trading today, for the October 16th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 133 days until expiration the newly trading
In early trading on Friday, shares of Applovin topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.5%. Year to date, Applovin has lost about 13.3% of its value. And the worst performing Nasdaq 100 component thus far on the day is Arm H
In early trading on Friday, shares of Applovin topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.5%. Year to date, Applovin has lost about 13.3% of its value. And the worst performing Nasdaq 100 component thus far on the day is Arm H