The U.S. stock market just got another massive listing plan as Anthropic ( ANTHRO ) beat OpenAI ( OPENAI ) to the punch, confidentially filing for an IPO this week. Anthropic ( ANTHRO ) did not disclose the size or terms of its planned IPO. OpenAI ( OPENAI ) is expected to file its own IPO paperwork in the coming weeks, if not days. The listings would be a major test for the ongoing AI frenzy that...
The U.S. stock market just got another massive listing plan as Anthropic ( ANTHRO ) beat OpenAI ( OPENAI ) to the punch, confidentially filing for an IPO this week. Anthropic ( ANTHRO ) did not disclose the size or terms of its planned IPO. OpenAI ( OPENAI ) is expected to file its own IPO paperwork in the coming weeks, if not days. The listings would be a major test for the ongoing AI frenzy that rages on as companies keep spending billions to stay ahead. SA analyst APAC Research last month said OpenAI's ( OPENAI ) IPO would serve as a "critical barometer" for investor sentiment and the AI sector's valuation landscape. "If I were betting on which is the better company from the point of view of investing, I'd likely go with Anthropic ( ANTHRO )," they mentioned as a side note . Anthropic ( ANTHRO ), founded in 2021 by former OpenAI ( OPENAI ) researchers, has grown significantly in 2026. Its run-rate revenue topped $47B in May – a big jump from $30B earlier this year and ~$9B at the end of 2025. In contrast, OpenAI ( OPENAI ) crossed $25B in annualized revenue in February – up from $21.4B at the end of last year. While growth appears to be slowing, the company reached $1B in revenue within a year of ChatGPT's 2022 launch and is now generating $2B in revenue per month. Anthropic ( ANTHRO ) expects to achieve its first profitable quarter in Q2, but OpenAI's ( OPENAI ) internal estimates indicate it won't turn a profit until 2030. Their business approach has also been different – OpenAI ( OPENAI ) has long focused on mass adoption, though it is now shifting focus to business-oriented products, while Anthropic ( ANTHRO ) prioritizes enterprise contracts. "We're about to find out whether the market thinks AI is a consumer story or an enterprise story," Nate Elliott, an AI analyst at eMarketer, told Reuters . "Because while Claude has built a solid enterprise user base, it's just not competitive as a consumer AI platform." Still, both companies continue to attract billio...
Pgiam Franklin Resources ( BEN ) Western Asset Management unit agreed to pay $100M to settle the Securities and Exchange Commission's investigation into the practices of its former chief investment officer, Kenneth Leech, the SEC said Friday. In a practice known as cherry-picking, Leech allegedly allocated hundreds of millions of dollars in trades with net first-day gains to certain favored portfo...
Pgiam Franklin Resources ( BEN ) Western Asset Management unit agreed to pay $100M to settle the Securities and Exchange Commission's investigation into the practices of its former chief investment officer, Kenneth Leech, the SEC said Friday. In a practice known as cherry-picking, Leech allegedly allocated hundreds of millions of dollars in trades with net first-day gains to certain favored portfolios and hundreds of millions of dollars in trades with net realized and unrealized first-day losses to other portfolios, the SEC said. "Western Asset failed to take reasonable steps to detect and prevent this conduct by its former co-CIO," the settlement document said. "It was aware that Leech’s trading and allocation practices diverged from those of other portfolio managers at the firm." Bloomberg News had reported on Thursday that the firm was close to a settlement with the SEC. The $100M civil penalty will be deposited into a "Fair Fund," which will be distributed to affected investors in Wamc's Core and Core Plus portfolios, the SEC document said. Western Asset " agreed to the settlement as a business decision that it believes avoids the distraction of prolonged litigation and allows Western Asset to put this matter behind it and focus fully on its clients," Franklin Resources ( BEN ) said in a filing. "These outcomes end the investigations of Western Asset by the DOJ and the SEC." Franklin Resources ( BEN ) stock was little changed in premarket trading. More on Franklin Resources Franklin Resources: Turning The Corner Franklin Resources, Inc. (BEN) Q2 2026 Earnings Call Transcript Franklin Resources, Inc. 2026 Q2 - Results - Earnings Call Presentation Franklin Resources' Western Asset Management near $100M SEC deal - report
Here are the key takeaways from the US employment report for May, released Friday: Job growth topped all forecasts; nonfarm payrolls increased 172,000 and the unemployment rate held steady at 4.3% The participation rate — the share of the population that is working or looking for work — was unchanged at 61.8% Hiring was led by leisure and hospitality, which added 70,000 jobs, the most in more than...
Here are the key takeaways from the US employment report for May, released Friday: Job growth topped all forecasts; nonfarm payrolls increased 172,000 and the unemployment rate held steady at 4.3% The participation rate — the share of the population that is working or looking for work — was unchanged at 61.8% Hiring was led by leisure and hospitality, which added 70,000 jobs, the most in more than three years, while local government, healthcare and social assistance also fueled demand Nonresidential construction and the manufacturing sector added jobs, likely reflecting the AI boom Treasuries sold off, sending two-year yields up about 10 basis points to 4.14%. Traders boosted their expectations for a Fed rate hike, with markets fully pricing in a quarter-point increase by year-end Access the full live blog on the Terminal or online .
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Nannette Hechler-Fayd’Herbe, Lombard Odier, EMEA CIO; Mohamed Farid Saleh, Egyptian Investment and Foreign Trade Minist...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Nannette Hechler-Fayd’Herbe, Lombard Odier, EMEA CIO; Mohamed Farid Saleh, Egyptian Investment and Foreign Trade Minister; Roxane Farmanfarmaian, University of Cambridge Professor (Source: Bloomberg)
Apple ( AAPL ) is set to kick off its annual developers conference on June 8, and though expectations are somewhat tempered, the iPhone maker may have some notable updates for the masses. Perhaps the biggest announcement Apple is likely to make is the updated version of Siri. After several delays, the company announced in January that it would work with Google ( GOOG ) ( GOOGL ) to use its Gemini ...
Apple ( AAPL ) is set to kick off its annual developers conference on June 8, and though expectations are somewhat tempered, the iPhone maker may have some notable updates for the masses. Perhaps the biggest announcement Apple is likely to make is the updated version of Siri. After several delays, the company announced in January that it would work with Google ( GOOG ) ( GOOGL ) to use its Gemini models to aid the updated voice assistant. And given the response to other AI assistants, such as OpenAI's ( OPENAI ) ChatGPT, Gemini, SpaceX's ( SPCX ) Grok, and others, Apple is likely to launch a stand-alone Siri app. The app, which has seen screenshots float around the web recently, may incorporate a paid tier, similar to those from ChatGPT and the other aforementioned generative AI assistants, The Wall Street Journal reported . Wedbush Securities analyst Dan Ives said the eventual monetization of Siri and AI could boost Apple's share price by another $75 to $100, and it is “not being factored into the current multiple.” Wedbush has an Outperform rating and a $400 price target on Apple. The updated Siri may also tap some of Nvidia's ( NVDA ) high-end GPUs via the partnership with Google. Goldman Sachs analyst Michael Ng said he expects the AI-enhanced Siri to include several features that were promised in 2024 (on-screen awareness, personal context) and new features that will drive demand. He is also expecting Siri to access other iOS apps, such as Messages, Calendar, Photos, and Notes, which Ng said will allow it “to provide more detailed, personalized answers to queries/prompts.” The new version of Siri is also likely to be able to choose between various model providers, such as OpenAI, Google, or Anthropic ( ANTHRO ), Ng said. “We view these new features as key demand drivers for the iPhone and other products, which should help extend the strong revenue momentum realized to-date (e.g., iPhone revenue +23% yoy in F1H26). In addition, Services should benefit from an ev...
Apple ( AAPL ) is set to kick off its annual developers conference on June 8, and though expectations are somewhat tempered, the iPhone maker may have some notable updates for the masses. Perhaps the biggest announcement Apple is likely to make is the updated version of Siri. After several delays, the company announced in January that it would work with Google ( GOOG ) ( GOOGL ) to use its Gemini ...
Apple ( AAPL ) is set to kick off its annual developers conference on June 8, and though expectations are somewhat tempered, the iPhone maker may have some notable updates for the masses. Perhaps the biggest announcement Apple is likely to make is the updated version of Siri. After several delays, the company announced in January that it would work with Google ( GOOG ) ( GOOGL ) to use its Gemini models to aid the updated voice assistant. And given the response to other AI assistants, such as OpenAI's ( OPENAI ) ChatGPT, Gemini, SpaceX's ( SPCX ) Grok, and others, Apple is likely to launch a stand-alone Siri app. The app, which has seen screenshots float around the web recently, may incorporate a paid tier, similar to those from ChatGPT and the other aforementioned generative AI assistants, The Wall Street Journal reported . Wedbush Securities analyst Dan Ives said the eventual monetization of Siri and AI could boost Apple's share price by another $75 to $100, and it is “not being factored into the current multiple.” Wedbush has an Outperform rating and a $400 price target on Apple. The updated Siri may also tap some of Nvidia's ( NVDA ) high-end GPUs via the partnership with Google. Goldman Sachs analyst Michael Ng said he expects the AI-enhanced Siri to include several features that were promised in 2024 (on-screen awareness, personal context) and new features that will drive demand. He is also expecting Siri to access other iOS apps, such as Messages, Calendar, Photos, and Notes, which Ng said will allow it “to provide more detailed, personalized answers to queries/prompts.” The new version of Siri is also likely to be able to choose between various model providers, such as OpenAI, Google, or Anthropic ( ANTHRO ), Ng said. “We view these new features as key demand drivers for the iPhone and other products, which should help extend the strong revenue momentum realized to-date (e.g., iPhone revenue +23% yoy in F1H26). In addition, Services should benefit from an ev...
laddawan punna/iStock via Getty Images Ticker Symbols Class A ALBAX Class C ALBCX Class Z AGIZX Click to enlarge Investment Strategy Primarily invests in growth equity securities of U.S. companies identified through our fundamental research as paying a high dividend yield, having a history of strong and consistent dividend growth, or having the potential for capital appreciation and the ability to...
laddawan punna/iStock via Getty Images Ticker Symbols Class A ALBAX Class C ALBCX Class Z AGIZX Click to enlarge Investment Strategy Primarily invests in growth equity securities of U.S. companies identified through our fundamental research as paying a high dividend yield, having a history of strong and consistent dividend growth, or having the potential for capital appreciation and the ability to return cash to investors. Seeks to provide capital appreciation and current income. Portfolio Management Gregory Adams, CFA Senior Vice President Portfolio Manager and Director of Quantitative & Risk Management 39 Years Investment Experience Benchmark S&P 500 Index Standardized performance is available on page 3. Highlights During the first quarter of 2026, the largest portfolio sector weightings were Information Technology and Financials. The largest sector overweight was Communication Services and the largest sector underweight was Industrials. The Information Technology and Consumer Discretionary sectors contributed to relative performance while Communication Services and were among sectors that detracted from relative performance. Market Environment U.S. equities endured a turbulent first quarter, with the S&P 500 Index declining 4.33% as two distinct forces converged to reshape the investment landscape. The period began with a sharp recalibration across the software industry, as the emergence of agentic artificial intelligence (AI) tools raised questions about the durability of traditional software business models. Investors moved swiftly to reprice companies most exposed to AI disruption, triggering a broad sell-off that weighed heavily on the technology-heavy corners of the market. The dislocation also spilled into private credit, where several firms with outsized exposure to software faced redemption pressures. Despite this turbulence, the underlying economy remained strong through the opening months of the year — consumers continued to spend, and expectations held...
AAOI is leaning into AI data-center upgrades, with 800G set to lead revenues and demand seen above capacity through mid-2027 as hyperscalers invest billions.
AAOI is leaning into AI data-center upgrades, with 800G set to lead revenues and demand seen above capacity through mid-2027 as hyperscalers invest billions.
My top 10 things to watch Friday, June 5 1. The Nasdaq and S & P 500 were set to open lower as the U.S. tech sell-off spread to Asian and European markets overnight. The May jobs report came in stronger than expected, jumping to a seasonally adjusted 172,000, down slightly from an upwardly revised 179,000 and well above the consensus 80,000. Treasury yields rose sharply, with the 10-year U.S. Trea...
My top 10 things to watch Friday, June 5 1. The Nasdaq and S & P 500 were set to open lower as the U.S. tech sell-off spread to Asian and European markets overnight. The May jobs report came in stronger than expected, jumping to a seasonally adjusted 172,000, down slightly from an upwardly revised 179,000 and well above the consensus 80,000. Treasury yields rose sharply, with the 10-year U.S. Treasury climbing to 4.534%, its highest level since May 21. 2. Lululemon had a terrible quarter, and it's just getting worse. The athletic apparel retailer cut its full-year guidance and delivered a weak outlook for the current quarter. BTIG downgraded the stock to a hold from buy. Shares are down over 11% in premarket trading. Let it come down even more. 3. S & P Global said it won't allow Elon Musk's SpaceX to have early entry to the index ahead of its highly anticipated IPO. Don't sweat the program about S & P eligibility. We don't even want it. Let's hope the rocket maker's IPO isn't like the tawdry job done for Cerebras ' public debut. We don't want a $4 trillion valuation because of market orders over the transom by people who don't care what they pay. 4. CEO George Kurtz did a pretty darned good job explaining how terrific CrowdStrike is doing when he joined me on "Mad Money" last night. CrowdStrike reported stronger-than-expected results on Wednesday and raised its full-year outlook . However, shares fell 4% after some investors questioned why heightened attention to Anthropic's AI model, Mythos, did not immediately translate into stronger results. I think Kurtz is getting a lot of work from Mythos that hasn't shown up in financials yet. 5. Barclays lowered its price target on Five Below to $224 from $240 after yesterday's earnings. Analysts said cautious consumer commentary during the conference call will remain a focus for investors. Still, the discount retailer posted a solid quarter that beat on both the top and bottom lines. I'll say it again: Five Below is a much...
iQoncept/iStock via Getty Images Health care stocks are showing renewed signs of strength as investors rotate into defensive sectors following recent volatility in some of the market’s largest AI and technology names. The Health Care Select Sector SPDR Fund ( XLV ) closed up 3% on Thursday and recently broke above a short-term resistance level, signaling improving momentum for a sector that has la...
iQoncept/iStock via Getty Images Health care stocks are showing renewed signs of strength as investors rotate into defensive sectors following recent volatility in some of the market’s largest AI and technology names. The Health Care Select Sector SPDR Fund ( XLV ) closed up 3% on Thursday and recently broke above a short-term resistance level, signaling improving momentum for a sector that has largely lagged the broader market in recent years. Market observers also pointed to increased volume activity in managed care stocks, suggesting institutional money may be shifting toward health care after years of underperformance. Against that backdrop, several of the largest holdings in the S&P Health Care index are maintaining relatively stable Quant Ratings despite broader market rotations. UnitedHealth Group ( UNH ) and Eli Lilly ( LLY ) currently lead the top holdings by Seeking Alpha Quant Rating, with scores of 3.47 and 3.44, respectively. Both stocks posted gains in recent trading, with Eli Lilly rising 1.56% and UnitedHealth adding 0.89%. Johnson & Johnson ( JNJ ) and Thermo Fisher Scientific ( TMO ) follow closely behind, while Intuitive Surgical ( ISRG ), Amgen ( AMGN ), and Merck ( MRK ) remain firmly in the middle of the rankings. Although none of the top holdings currently carry bullish Quant Ratings above 3.5, most continue to sit comfortably within Hold territory, reflecting relatively balanced fundamentals across valuation, growth, profitability, and momentum metrics. AbbVie ( ABBV ), Gilead Sciences ( GILD ), and Abbott Laboratories ( ABT ) round out the lower end of the rankings, with Abbott posting the weakest Quant Rating on the list at 2.71, approaching bearish territory. Top holdings in the S&P Health Care index by Quant Rating: UnitedHealth Group ( UNH ) - Quant Rating: 3.47 Eli Lilly ( LLY ) - Quant Rating: 3.44 Johnson & Johnson ( JNJ ) - Quant Rating: 3.37 Thermo Fisher Scientific ( TMO ) - Quant Rating: 3.28 Intuitive Surgical ( ISRG ) - Quant Ra...
At the 24% federal bracket, a $500,000 position in the JPMorgan Equity Premium Income ETF (NYSEARCA: JEPI) yielding 8.45% generates roughly $42,250 in annual distributions and hands $10,140 of that to the IRS every year it sits in a taxable brokerage account. JEPI’s monthly checks come largely from option-premium income, which the IRS treats as ... A $500,000 Roth Portfolio Loaded With JEPI Pays $...
At the 24% federal bracket, a $500,000 position in the JPMorgan Equity Premium Income ETF (NYSEARCA: JEPI) yielding 8.45% generates roughly $42,250 in annual distributions and hands $10,140 of that to the IRS every year it sits in a taxable brokerage account. JEPI’s monthly checks come largely from option-premium income, which the IRS treats as ... A $500,000 Roth Portfolio Loaded With JEPI Pays $42,250 a Year and the IRS Gets None of It
Welcome to Bloomberg’s Retail Monitor . Every Friday we’ll deliver you clear insights on industry trends, headwinds and emerging opportunities. Sign up now if you’re not already on the list. Dollar General says it added $1 groceries to appeal to cash-strapped shoppers. Shake Shack’s limited-time offer was almost ruined by a BBQ rib heist . Chinese consumers are shopping for luxury goods again, the...
Welcome to Bloomberg’s Retail Monitor . Every Friday we’ll deliver you clear insights on industry trends, headwinds and emerging opportunities. Sign up now if you’re not already on the list. Dollar General says it added $1 groceries to appeal to cash-strapped shoppers. Shake Shack’s limited-time offer was almost ruined by a BBQ rib heist . Chinese consumers are shopping for luxury goods again, the McDonald’s menu is getting an upgrade and season-ticket holders for the New York Knicks are facing a quandary. Read on for more... — Tonya Garcia Market Snapshot Dollar General Corp $103.52 -1.5% Walmart Inc $117.74 +0.7% Remy Cointreau SA $41.82 +1.6% McDonald's Corp $272.72 -0.2% Macy's Inc $23.03 +5.6% Market data as of 09:19 AM ET. Data is subject to provider delays. SNAP shoppers are buying less food Consumer company leaders have said many times over the course of this earnings season that some people, particularly lower-income shoppers, are curbing their spending due to high gas prices. This week, Dollar General restated the point, but added another detail: Some of the company’s core customers are cutting back on food . The discount retailer says some customers are “financially constrained,” with struggling shoppers reducing household expenses, including food, in an effort to fill the fuel tank in their cars. “This pressure has been more pronounced on customers in rural communities, as they work to minimize trip distance and make trade-offs in their search for everyday affordability and value,” CEO Todd Vasos said on a call with analysts. Dollar General has added more merchandise priced at $1 in the most recent quarter, including frozen food, which helped draw in more shoppers. The company raised its profit outlook for the year. We’ve all collectively marveled at the resilience of customers amid tariffs, war and inflation. Some are still buying Ralph Lauren gear , electronic devices and bras from Victoria’s Secret . But the other side of this — that a dollar store is...
ZEC Crashes As Zcash Admits 'Critical Counterfeiting Vulnerability' Exposed By Claude Authored by Martin Young via CoinTelegraph.com, The price of ZEC fell on Thursday after further details were disclosed of a critical counterfeiting vulnerability in Zcash’s Orchard pool that could theoretically allow a bad actor to mint an unlimited amount of ZEC. According to a post on X, security engineer Taylo...
ZEC Crashes As Zcash Admits 'Critical Counterfeiting Vulnerability' Exposed By Claude Authored by Martin Young via CoinTelegraph.com, The price of ZEC fell on Thursday after further details were disclosed of a critical counterfeiting vulnerability in Zcash’s Orchard pool that could theoretically allow a bad actor to mint an unlimited amount of ZEC. According to a post on X, security engineer Taylor Hornby, who was engaged by Shielded Labs, discovered the bug on May 29 and disclosed it to the Zcash Open Development Lab (ZODL), which deployed an emergency response to fix the vulnerability with a hard fork activated on June 3. However, there are new concerns about the extent to which the vulnerability, which has existed since May 2022, has been used, leading Zcash to fall more than 30% over the past 24 hours to $410 at the time of writing. Its market capitalization has shrunk by more than $3 billion. However, BitMEX co-founder Arthur Hayes said on Friday it is unlikely that ZEC has been illegally minted this way, though he acknowledged “it cannot be formally cryptographically proved impossible.” “Sadly, due to the Orchard Pool exploit, I had to dump our entire ZEC bag,” he said. “The Holy Trinity is dead,” he added, referring to Zcash and the two other tokens he sold this week, Hyperliquid (HYPE) and Near Protocol (NEAR). ZEC crashes almost 50% in 24 hours after two months of solid gains. Claude assists in bug discovery Taylor used Claude Opus 4.8, which was released on May 28, a day before the discovery, to assist in a highly targeted review of the Orchard circuit, the cryptographic component underlying Zcash’s Orchard shielded pool. The critical bug allowed false inputs into an elliptic curve multiplication check, which means the math that is supposed to cryptographically verify transactions could be fooled. Taylor built and tested a working exploit , which generated unlimited counterfeit ZEC. “If he had run the same tool on Zcash mainnet it would have generated unli...