JHVEPhoto STMicroelectronics' ( STM ) higher-than-expected outlook for the data center is “ambitious,” but the company still needs to execute, Bank of America said. Shares jumped more than 16% in midday trading on Tuesday. “Assuming current demand and customer engagements continue, STM sees the potential for this to double again in 2027, compared with its prior expectation of 'well above $1bn,'” a...
JHVEPhoto STMicroelectronics' ( STM ) higher-than-expected outlook for the data center is “ambitious,” but the company still needs to execute, Bank of America said. Shares jumped more than 16% in midday trading on Tuesday. “Assuming current demand and customer engagements continue, STM sees the potential for this to double again in 2027, compared with its prior expectation of 'well above $1bn,'” analyst Didier Scemama wrote in a note to clients. “We raise our revenue estimates by 3-5% across 26-28E and lift our gross margin assumptions by 126-200bps, increasing our PO to €71/$83 from €63/$73, on increased 11.2x 28E EV/EBITDA (11x previously), representing a premium to historical 5-10x ex-COVID range, which we view as justified by the increasing contribution of AI-related revenues to the mix. We reiterate our Neutral as we believe further rerating would require greater confidence in the execution of AI-related sales.” More on STMicroelectronics STMicroelectronics N.V. (STM) Shareholder/Analyst Call - Slideshow STMicroelectronics N.V. (STM) Shareholder/Analyst Call Transcript STMicroelectronics: Strong Q1 Confirms Cycle Turn And Upside Potential STMicroelectronics surges after raising data center revenue outlook on AI demand STMicroelectronics makes appointments to supervisory board
Robert Way/iStock Editorial via Getty Images T-Mobile ( TMUS ) stock has fallen more than 20% in the past year, and at first glance, it looks like a sign of trouble. The reality is a little different. The company continues to grow; Q1 2026 was solid, and management even raised its guidance for the year. The price drop is more a result of previous overvaluation than a deterioration in the business....
Robert Way/iStock Editorial via Getty Images T-Mobile ( TMUS ) stock has fallen more than 20% in the past year, and at first glance, it looks like a sign of trouble. The reality is a little different. The company continues to grow; Q1 2026 was solid, and management even raised its guidance for the year. The price drop is more a result of previous overvaluation than a deterioration in the business. In other words, the price fell because it was previously too high, not because something broke within the company itself. TMUS's common stock chart (seekingalpha.com) The company's current market capitalization is close to $202.95 billion. The total assets at the end of the 1st quarter of 2026 are around $214.7 billion. TMUS's total revenue for the quarter is around $23.1 billion, and the service revenue reached $18.8 billion, up 11% from a year ago. Postpaid customers accounted for $15.6 billion of that, up 15%. Net income, however, fell to $2.5 billion from $3 billion a year ago. TMUS Q1 highlights (t-mobile.com) Most of the decline came from one-time costs related to the US Cellular acquisition ; the company wrote off $476 million after taxes in Q1 alone for integration and accelerated depreciation. Excluding those costs, the core business is actually growing (according to the company's presentation for Q1). Free cash flow was $4.6 billion for the quarter and continues to rise. Credit rating agencies also reflected the merger, with S&P upgrading its credit rating overnight to BBB+ on T-Mobile and Fitch upgrading its outlook. S&P even noted in its report that: The recent acquisition of US Cellular further improved T-Mobile's postpaid phone market share to 31%, narrowing the gap with Verizon's 34%. In 2025, T-Mobile added 3.3 million postpaid phone subscribers, demonstrating the strength of its brand, pricing, and network quality--significantly outpacing Verizon (362,000 additions) and AT&T (1.6 million additions). While we anticipate continued growth, we expect T-Mobile'...
The dollar index (DXY00 ) today is down by -0.04%. Comments from President Trump have reduced safe-haven demand for the dollar when he said that negotiations with Iran are continuing "at a rapid pace" and he's optimistic the US can reach an interim peace deal with Iran" over the next...
The dollar index (DXY00 ) today is down by -0.04%. Comments from President Trump have reduced safe-haven demand for the dollar when he said that negotiations with Iran are continuing "at a rapid pace" and he's optimistic the US can reach an interim peace deal with Iran" over the next...
The S&P 500 Index ($SPX ) (SPY ) today is down -0.20%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.33%. June E-mini S&P futures (ESM26 ) are down -0.18%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is down -0.20%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.33%. June E-mini S&P futures (ESM26 ) are down -0.18%, and June E-mini Nasdaq futures...
More than 1,000 current and former SpaceX employees have banded together to negotiate with wealth management firms for better pricing and access to sophisticated tax-saving financial products ahead of an initial public offering that is set to turn many of them into multi-millionaires. The group has considered over 20 financial advisers and private banks, according to a May document summarizing the...
More than 1,000 current and former SpaceX employees have banded together to negotiate with wealth management firms for better pricing and access to sophisticated tax-saving financial products ahead of an initial public offering that is set to turn many of them into multi-millionaires. The group has considered over 20 financial advisers and private banks, according to a May document summarizing the effort that was viewed by Bloomberg. The document said they were “leveraging collective power” in order to get “significantly lower fees” for financial advice – with a goal of paying less than 0.5% on all assets under management, rather than the traditional 1% fee. Employees in line for IPO windfalls typically seek out their own wealth advisers. The SpaceX group’s push for a kind of collective bargaining has the potential to create a new playbook for startup employees trying to figure out how to manage the wealth unlocked by blockbuster IPOs – a cohort that is about to grow much larger as OpenAI and Anthropic prepare to go public. Read More: What to Know About the SpaceX IPO: Explainer The effort has been organized in a private Slack room and led by a former engineer at Elon Musk’s rocket, satellite and artificial intelligence company, according to people close to the negotiations who asked for anonymity because the talks were private. There were more than 200 people in the group, representing at least $2 billion in wealth, according to an email sent to financial advisers earlier this year. The group has grown significantly since then and their assets are now estimated to be worth as much as $20 billion, the people said. “What’s interesting here is not that employees want financial advice. It’s that they’re recognizing their collective purchasing power and using it to negotiate access to specialized expertise,” said Brian Werner, chief investment officer at Winthrop Partners. “I would not be surprised if we see more employee groups at high-growth private companies pursue s...
C3.ai (NYSE:AI) keeps grabbing headlines as the pure-play enterprise AI software ticker, with a shiny new CEO promising a turnaround and bargain-hunters circling a stock that has shed 59.13% over the past year. But here’s what you should actually be watching. The C3.ai story is broken The most recent quarter was a disaster dressed up ... Forget C3.ai: Buy This Unstoppable Artificial Intelligence S...
C3.ai (NYSE:AI) keeps grabbing headlines as the pure-play enterprise AI software ticker, with a shiny new CEO promising a turnaround and bargain-hunters circling a stock that has shed 59.13% over the past year. But here’s what you should actually be watching. The C3.ai story is broken The most recent quarter was a disaster dressed up ... Forget C3.ai: Buy This Unstoppable Artificial Intelligence Security Anchor Under $20 Instead
U.S. President Donald Trump points his finger as he signs an executive order on AI next to U.S. Senate Commerce Committee Chairman Ted Cruz (R-TX) and U.S. Commerce Secretary Howard Lutnick, in the Oval Office at the White House in Washington, D.C., U.S. Dec. 11, 2025. Al Drago | Reuters President Donald Trump on Tuesday signed an executive order asking companies to provide artificial intelligence...
U.S. President Donald Trump points his finger as he signs an executive order on AI next to U.S. Senate Commerce Committee Chairman Ted Cruz (R-TX) and U.S. Commerce Secretary Howard Lutnick, in the Oval Office at the White House in Washington, D.C., U.S. Dec. 11, 2025. Al Drago | Reuters President Donald Trump on Tuesday signed an executive order asking companies to provide artificial intelligence models to the federal government to assess their capabilities ahead of a full release. Tech companies will comply with the order voluntarily. It asks them to participate in a benchmarking process to assess AI models' cybersecurity capabilities, and it allows the government to help select "trusted partners" that will receive early access to the models. "Nothing in this section shall be construed to authorize the creation of a mandatory governmental licensing, preclearance, or permitting requirement for the development, publication, release, or distribution of new AI models, including frontier models," the order said. Trump signed the order in private, just weeks after he postponed a signing ceremony with prominent tech CEOs because he "didn't like certain aspects of it," he told reporters at the time. The order released on Tuesday is vague on specifics. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Hagerty Chairman and CEO McKeel Hagerty joined Bloomberg Open Interest to explain how the company transformed from a niche insurance provider into a collector-car empire powered by media, memberships, and auctions. He discusses the coming $570 billion wealth transfer in collector vehicles, the surge in Ferrari values, and why electric vehicles could become the next sought-after collectible. (Sourc...
Hagerty Chairman and CEO McKeel Hagerty joined Bloomberg Open Interest to explain how the company transformed from a niche insurance provider into a collector-car empire powered by media, memberships, and auctions. He discusses the coming $570 billion wealth transfer in collector vehicles, the surge in Ferrari values, and why electric vehicles could become the next sought-after collectible. (Source: Bloomberg)
Cipher Digital (NasdaqGS:CIFR) has shifted its core business from bitcoin mining to high-performance data center development and leasing. The company has secured long-term contracted revenue with Amazon Web Services and Google, tied to U.S. AI infrastructure expansion. This pivot positions Cipher Digital as an infrastructure provider focused on high-demand AI computing power and related power grid...
Cipher Digital (NasdaqGS:CIFR) has shifted its core business from bitcoin mining to high-performance data center development and leasing. The company has secured long-term contracted revenue with Amazon Web Services and Google, tied to U.S. AI infrastructure expansion. This pivot positions Cipher Digital as an infrastructure provider focused on high-demand AI computing power and related power grid capacity needs. Cipher Digital now trades at $24.01 and sits in a very different position than...
If you’re looking for a way to add a personal touch to Father’s Day or graduation gifts, the Cricut Joy 2 can help you customize everything from water bottles and bookmarks to greeting cards and gift cards. The Cricut Joy 2 Rainbow Essential Bundle includes enough vinyl, cardstock, iron-on materials, and other supplies to create up to 75 projects, and it’s currently down to a new low of $119.99 ($...
If you’re looking for a way to add a personal touch to Father’s Day or graduation gifts, the Cricut Joy 2 can help you customize everything from water bottles and bookmarks to greeting cards and gift cards. The Cricut Joy 2 Rainbow Essential Bundle includes enough vinyl, cardstock, iron-on materials, and other supplies to create up to 75 projects, and it’s currently down to a new low of $119.99 ($50 off) at Amazon . Cricut Joy 2 Where to Buy: $169.99 $119.99 at Amazon (Rainbow Essentials Bundle) As somebody who had never used a cutting machine before, I found the Cricut Joy 2 relatively easy to get started with. The bundle includes a 30-day Cricut Access trial that helps by giving you access to hundreds of additional templates, images, and fonts while you’re figuring things out. Setup is simple, and while the Design Space software takes some getting used to, I found it much easier to navigate after a few days of tinkering around with different projects and watching tutorials from Cricut’s community. What’s especially cool about the Joy 2 is that it brings Cricut’s Print Then Cut feature to the company’s entry-level machine, allowing you to print full-color designs on your home printer and then have the Joy 2 cut them out for you. While it’s great for creating personalized gifts, I’ve also used it to make bullet journal templates and cabinet labels, making it feel just as practical as it is fun. The bundle also includes iron-on materials for customizing T-shirts, tote bags, and other fabric items. Unlike the Ultimate Bundle I tested, though, the Rainbow Essential Bundle doesn’t include a heat press, so you’ll need to buy your own . It’s also small enough to leave on a desk or tuck away when you’re not using it, which is a nice perk if you’re already as short on storage as I am. Read our hands-on impressions of the Cricut Joy 2.
In May 2026, Blackstone announced a joint venture with Google to form a new U.S.-based company offering efficient data center capacity and Google Cloud TPUs as compute-as-a-service, underpinned by an initial US$5.00 billion equity commitment and plans for the first 500 MW of capacity to come online in 2027. The record close of Blackstone Capital Partners Asia III at US$13.10 billion, far above its...
In May 2026, Blackstone announced a joint venture with Google to form a new U.S.-based company offering efficient data center capacity and Google Cloud TPUs as compute-as-a-service, underpinned by an initial US$5.00 billion equity commitment and plans for the first 500 MW of capacity to come online in 2027. The record close of Blackstone Capital Partners Asia III at US$13.10 billion, far above its US$10.00 billion target, underlines investor confidence in Blackstone’s Asia private equity...
In this article ICE NDAQ Follow your favorite stocks CREATE FREE ACCOUNT CME Group signage above the former Chicago Board of Trade (CBOT) trading pit in Chicago, Illinois, US, on Thursday, Nov. 13, 2025. Christopher Dilts | Bloomberg | Getty Images Shares of exchange stocks are tumbling after the regulatory approval of perpetual futures for bitcoin ignited concerns that a new wave of trading produ...
In this article ICE NDAQ Follow your favorite stocks CREATE FREE ACCOUNT CME Group signage above the former Chicago Board of Trade (CBOT) trading pit in Chicago, Illinois, US, on Thursday, Nov. 13, 2025. Christopher Dilts | Bloomberg | Getty Images Shares of exchange stocks are tumbling after the regulatory approval of perpetual futures for bitcoin ignited concerns that a new wave of trading products could be coming for Wall Street. CME Group , known for its derivatives and futures trading platforms, dropped more than 3% in Tuesday's session and is down around 9% the last two days. Cboe Global Markets , an exchange and derivatives network, plunged 8% in Tuesday trading, bringing its losses for this week to above 17%. Stock Chart Icon Stock chart icon CME Group, 5 days New York Stock Exchange parent Intercontinental Exchange slid more than 3% on Tuesday and is down more than 5% for the week. Nasdaq shares tumbled more than 5% in the session, dragging the stock into the red compared with the start of the week. The Commodity Futures Trading Commission last week approved perpetual futures — a type of future-style contract with no expiration date known as "perps" — for bitcoin trading on Kalshi. Investors are worried that the CFTC could give the green light to other asset classes to trade via perpetual futures next, which could increase competition for the traditional exchanges that have long dominated on Wall Street. Stock Chart Icon Stock chart icon Cboe, 5 days The "concern is that perps could come to equity products, and potentially displace CME/CBOE S&P products," Barclays analyst Ben Budish told clients in a Tuesday note. Budish said perpetual futures could challenges certain products targeting retail investors. But despite the recent stock pullback, Budish said there's already comparable offerings in the U.S. that haven't meaningfully changed how retail investors trade. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted na...
THAWEEKIET SRIRING/iStock via Getty Images This May was one of the best months for AI-related stocks in this multiyear "AI rally." Moreover, May's rise was on top of the already considerable April gains. They often say, Sell in May and go away. However, May was more of an AI-mania month than a time to sell. Wealthy market participants vacationing at the Hamptons just doesn't seem to produce that n...
THAWEEKIET SRIRING/iStock via Getty Images This May was one of the best months for AI-related stocks in this multiyear "AI rally." Moreover, May's rise was on top of the already considerable April gains. They often say, Sell in May and go away. However, May was more of an AI-mania month than a time to sell. Wealthy market participants vacationing at the Hamptons just doesn't seem to produce that negative seasonal effect on markets anymore, especially in the modern age, when almost all retail investors have a smartphone in their hand and a potential bad case of FOMO. S&P 500 "SPX" ( SP500 ) SPX (Stock Charts ) The SPX recently hit 7,600, which is roughly a 20% gain off the 6,300 pullback level that concluded at the end of March. So, 20% in two months is an excellent gain, especially given the increasing inflation, geopolitical tensions, a new Fed Chair, softness in the consumer segment, and the high level of uncertainty in general. It's really been all about AI. Let's be honest. The considerably higher than anticipated earnings and guidance from some of the hyperscalers and other prominent companies in the AI space have been largely responsible for this unprecedented stampede higher in stocks. Strictly from a technical basis, the SPX appears increasingly overbought in the near term, illustrating clear RSI and other negative technical divergences. It's also interesting to note that the top nine major tech/AI companies (which are also the top nine S&P 500 holdings weight-wise) now account for roughly 39% of the S&P 500 index's weight. This is quite remarkable, as the AI-tech segment has become increasingly "valuable" and dominant in the S&P 500 and in other major averages. We should also consider that SpaceX, OpenAI, and Anthropic will likely be trillion-dollar IPOs, which will make the AI concentration even more unprecedented. Trillion-Dollar Question My primary concern here is what will happen when the data center buildout process and other key perceived growth areas...
Bitcoin has fallen 36% over the past year and slipped below $70,000 this week, extending a retreat that is undermining several of the arguments that helped carry the cryptocurrency into the financial mainstream. The decline comes as investors pull money from Bitcoin ETFs, geopolitical tensions drive demand for traditional havens and inflation concerns re-emerge. Yet rather than benefiting from tho...
Bitcoin has fallen 36% over the past year and slipped below $70,000 this week, extending a retreat that is undermining several of the arguments that helped carry the cryptocurrency into the financial mainstream. The decline comes as investors pull money from Bitcoin ETFs, geopolitical tensions drive demand for traditional havens and inflation concerns re-emerge. Yet rather than benefiting from those pressures, Bitcoin has trended lower, leaving some of its most prominent investment claims looking increasingly strained. Few of those claims have been tested more often than Bitcoin’s role as an inflation hedge. As a surge in electricity demand from the US artificial-intelligence boom strains power grids and feeds concerns about higher energy costs, investors are once again confronting the prospect of more persistent inflation. Yet rather than benefiting from those fears, Bitcoin has moved in the opposite direction. The world’s largest cryptocurrency has left holders with an inflation-adjusted loss of about 39%. The performance is adding to a long record of periods in which Bitcoin has struggled to deliver on one of its most enduring promises: protection against rising prices and the erosion of purchasing power. The argument rests on Bitcoin’s fixed supply. Unlike fiat currencies, which can be expanded by central banks, only 21 million Bitcoin will ever exist. For years, supporters argued that scarcity would make the token a digital equivalent of gold when inflation accelerated. The theory has often struggled when put to the test. And that test is becoming more relevant again. Cleveland Fed President Beth Hammack on Tuesday became the latest policymaker to warn that inflation risks are rising, saying officials may soon need to act if recent price pressures persist. Her comments added to growing concerns that the Federal Reserve’s inflation fight may not be over, just as investors continue to treat Bitcoin more like a risk asset than a hedge against higher prices. Read m...
Physical and psychological impacts of a tap water parasite outbreak continue to be felt in south Devon South West Water fined £1.85m over parasite outbreak in Devon Most of the tourists milling around the busy fishing harbour or visiting Agatha Christie’s riverside holiday retreat have probably forgotten what South West Water euphemistically calls the “Brixham incident” . But for residents at the ...
Physical and psychological impacts of a tap water parasite outbreak continue to be felt in south Devon South West Water fined £1.85m over parasite outbreak in Devon Most of the tourists milling around the busy fishing harbour or visiting Agatha Christie’s riverside holiday retreat have probably forgotten what South West Water euphemistically calls the “Brixham incident” . But for residents at the centre of the “incident” – a parasite outbreak that caused perhaps hundreds of people in south Devon to fall ill after they drank contaminated water – the physical and psychological impacts are still keenly felt. Continue reading...