Police and forensic investigators examine the location of impact after a Russian drone struck an apartment building in Galati, western Romania. Daniel Mihailescu | Afp | Getty Images A Russian drone collided with an apartment building in Romania, a NATO member state, early on Friday morning. Romanian President Nicușor Dan said in a post on X on Friday morning that he had convened a meeting of his ...
Police and forensic investigators examine the location of impact after a Russian drone struck an apartment building in Galati, western Romania. Daniel Mihailescu | Afp | Getty Images A Russian drone collided with an apartment building in Romania, a NATO member state, early on Friday morning. Romanian President Nicușor Dan said in a post on X on Friday morning that he had convened a meeting of his national defense council in response to what he called "the most serious incident to affect the national territory" since Russia's full-scale invasion of Ukraine began in early 2022. The collision occurred in Galați, Dan said, a city near Romania's border with Ukraine. "We will order proportionate measures in relation to the Russian Federation," he said, adding that the strike had resulted in injuries. "The unprecedented nature of the event demands a firm, coordinated, and appropriate response — at the national, allied, and international levels." Dan added that full responsibility lay with Russia and "the irresponsible and indiscriminate manner in which Moscow operates these weapon systems in the immediate vicinity of NATO borders, as well as the systematic disregard for international law." He said that Romania's armed forces acted in accordance with established procedure and were under firm orders to shoot down the drone as soon as conditions allowed. But a decision was ultimately made not to shoot the aircraft down due to "heightened risk of endangering civilian safety." All NATO allies and EU member countries had been informed of the incident, Dan said. His government has requested additional deployments of NATO anti-drone capabilities to Romania, and will alert the UN Security Council about Russia's "repeated violation of international law." The apartment building was struck as Russia attacked Ukrainian infrastructure near the border between Romania and Ukraine, a NATO spokesperson said Friday morning. "We condemn Russia's recklessness, and NATO will continue to strengt...
Bokf Na trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 432,908 shares of the e-commerce giant's stock after selling 46,119 shares during the period. Amazon.com comprises 1.5% of Bokf Na's holdings, making the stock its 10...
Bokf Na trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 432,908 shares of the e-commerce giant's stock after selling 46,119 shares during the period. Amazon.com comprises 1.5% of Bokf Na's holdings, making the stock its 10th largest position. Bokf Na's holdings in Amazon.com were worth $99,924,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Brighton Jones LLC grew its holdings in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares during the period. Revolve Wealth Partners LLC grew its holdings in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after acquiring an additional 986 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after acquiring an additional 54,987 shares during the period. Highview Capital Management LLC DE grew its holdings in Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after acquiring an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds. Get Amazon.com alerts: Sign Up Insider Transactions at Amazon.com In other news, SVP David Zap...
Capstone Capital Management Ltd purchased a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 826 shares of the social networking company's stock, valued at approximately $545,000. Several other large investors have also recently added to or reduced their stakes in META. Brighton Jo...
Capstone Capital Management Ltd purchased a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 826 shares of the social networking company's stock, valued at approximately $545,000. Several other large investors have also recently added to or reduced their stakes in META. Brighton Jones LLC increased its stake in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC increased its stake in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares during the period. Headwater Capital Co Ltd increased its stake in Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after buying an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in Meta Platforms during the 2nd quarter worth approximately $213,000. Finally, Capital & Planning LLC purchased a new stake in Meta Platforms during the 2nd quarter worth approximately $322,000. 79.91% of the stock is owned by hedge funds and other institutional investors. Get Meta Platforms alerts: Sign Up Key Headlines Impacting Meta Platforms Here are the key news stories impacting Meta Platforms this week: Positive Sentiment: Meta launched paid subscription plans for Facebook, Instagram, WhatsApp, and Meta AI, creating a new monetization path beyond advertising. Early reports suggest the pricing could meaningfully add to revenue over time, and analysts have highlighted upside if adoption builds. Article Title Meta launched paid subscription plans for Faceboo...
Capital Developers LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,902 shares of the iPhone maker's stock, valued at approximately $789,000. Apple makes up about 0.7% of Capital Developers LLC's investment portfolio, making the stock its 24th biggest...
Capital Developers LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,902 shares of the iPhone maker's stock, valued at approximately $789,000. Apple makes up about 0.7% of Capital Developers LLC's investment portfolio, making the stock its 24th biggest position. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Isthmus Partners LLC increased its holdings in Apple by 6.4% in the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock worth $25,000 after acquiring an additional 5,808 shares in the last quarter. Sellwood Investment Partners LLC increased its holdings in Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock worth $34,000 after acquiring an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC increased its holdings in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 180 shares in the last quarter. LSV Asset Management purchased a new stake in Apple in the 4th quarter worth $65,000. Finally, 49 Wealth Management LLC increased its holdings in Apple by 15.7% in the 3rd quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock worth $76,000 after acquiring an additional 40,543 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock. Get Apple alerts: Sign Up Key Headlines Impacting Apple Here are the key news stories impacting Apple this week: Positive Sentiment: Bank of America raised its price target on Apple to $380 from $330 and kept a Buy rating, saying agentic AI could strengthen Apple’s ecosystem and create meaningful new revenue opportunities. Bank of...
Tesla Today TSLA Tesla $442.10 +1.74 (+0.40%) 52-Week Range $273.21 ▼ $498.83 P/E Ratio 405.60 Price Target $395.20 Add to Watchlist Shares of Tesla Inc NASDAQ: TSLA have had a solid couple of weeks since hitting a multi-month low last month. The stock’s up more than 30% since early April and is currently trading around $440, putting it back in territory that not too long ago had felt out of reach...
Tesla Today TSLA Tesla $442.10 +1.74 (+0.40%) 52-Week Range $273.21 ▼ $498.83 P/E Ratio 405.60 Price Target $395.20 Add to Watchlist Shares of Tesla Inc NASDAQ: TSLA have had a solid couple of weeks since hitting a multi-month low last month. The stock’s up more than 30% since early April and is currently trading around $440, putting it back in territory that not too long ago had felt out of reach. The broader bull case around full self-driving (FSD), robotaxis, and Optimus has been well documented, and the company's most recent earnings report did little to dampen enthusiasm. However, a new and potentially more significant narrative is beginning to take shape, one that could redefine Tesla as a company. Get Tesla alerts: Sign Up The Rumors Are More Credible Than They Look The past few weeks have seen rumors build concerning something truly explosive. Reports have emerged that Elon Musk has been discussing with colleagues the possibility of merging Tesla and SpaceX NASDAQ: SPCX, his spacecraft and satellite company. Yes, that SpaceX, the one that’s on track to go public sometime in the coming weeks, in what could be the largest IPO in history. If that hasn’t been enough to get Musk’s fanbase excited, then perhaps the fact that a merger with Tesla would theoretically make the resulting company one of the most valuable ever assembled might do the trick. Wedbush analyst Dan Ives, one of the most consistently bullish voices on Tesla, believes this is where things are heading. In a recent note to clients, he put the odds of a merger by early 2027 at 80-90%, arguing that the groundwork is already firmly in place. His view is that Musk wants to own and control more of the AI ecosystem, and that combining SpaceX and Tesla is the logical next step of a strategy he’s actually been executing for years. Musk Has Done This Before What gives the merger thesis genuine credibility isn't just the speculation; it's the pattern that comes before it. Not only has Musk demonstrated a te...
Joumanna Bercetche, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Joumanna Bercetche, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Abdul Khan was in nappies when his cousin Amir won the nation's hearts and a silver medal at the 2004 Athens Olympics. By the time world champion Amir produced a career-defining performance against Marcos Maidana in 2010, Abdul was a seven-year-old watching wide-eyed in Bolton. On Saturday, featherweight Abdul faces journeyman Liam Fitzmaurice at Wembley in a watershed moment for British South Asi...
Abdul Khan was in nappies when his cousin Amir won the nation's hearts and a silver medal at the 2004 Athens Olympics. By the time world champion Amir produced a career-defining performance against Marcos Maidana in 2010, Abdul was a seven-year-old watching wide-eyed in Bolton. On Saturday, featherweight Abdul faces journeyman Liam Fitzmaurice at Wembley in a watershed moment for British South Asian boxing. The card is headlined by unbeaten light-welterweight Adam Azim and features prospects Mohammad Bilal Ali, Vijayraj Karia and Saqib Mehmood in the earlier bouts - meaning five south Asian fighters will share billing. "Seeing Amir reach the heights of the sport only lit the fire in probably the majority of the South Asian kids out there, including me," Abdul, 23, tells BBC Sport. Amir rose to prominence after winning silver in Athens aged 17 and went on to capture world titles at light-welterweight, becoming one of Britain's most high-profile boxers. Unbeaten in 14 professional fights with three knockouts, Abdul is the first to admit his surname helped carve his path. The family connection even led to him fighting on the undercard of Amir's final professional bout against Kell Brook. But after building his record on the small-hall scene and on international cards, the time has come to step out of the familial shade. "Being known as his cousin was always going to be like that because of what Amir achieved," Abdul says. "I'm grateful for everything he has done to open the doors - but it is all right getting through the doors, it is how good you are to stay in those rooms. "It's been my own hard work and dedication which has kept those doors open. This only gives me more of a push to just get out of the shadow. I think we're all our own people and I'd love to shrug off that tag of Amir's cousin. "My team have always said to build me in the right way and to explode when the time comes - now it's my time. "He done so much for me but I don't want to latch onto anyone els...
The market has been getting excited about the upcoming SpaceX initial public offering (IPO), but there's been scant information about the details until lately. The company finally released its investor prospectus last week, giving followers a peek into what's actually happening at SpaceX. Here are the important details every potential investor needs to know before buying SpaceX stock. 1. Starlink ...
The market has been getting excited about the upcoming SpaceX initial public offering (IPO), but there's been scant information about the details until lately. The company finally released its investor prospectus last week, giving followers a peek into what's actually happening at SpaceX. Here are the important details every potential investor needs to know before buying SpaceX stock. 1. Starlink is leading revenue SpaceX is a rapidly growing business, but the rate is steady, not spectacular. Revenue increased by about 33% in 2025 and by about 15% year over year in the 2026 first quarter. Since its merger with Elon Musk's xAI last year, the company has several revenue streams. The core SpaceX rocket-launching business, which generated $4.1 billion in revenue in 2025; the Starlink broadband business, which generated $11.4 billion in revenue; and the xAI artificial intelligence (AI) business, which generated $3.2 billion. Starlink business revenue increased 32% year over year in the first quarter of 2026, and subscribers more than doubled from 5 million at the end of 2024 to 10.3 million at the end of 2025. Average revenue per user declined from $86 to $66 as the company released new, lower-priced products, especially outside of North America. 2. AI is leading losses Turning all that revenue into profit isn't so easy. SpaceX reported a $4.9 billion loss in 2025 and a $4.3 billion loss in the 2026 first quarter, up from a $528 million loss in last year's first quarter. The main loss is coming from the AI business, which is spending massively to keep up with its peers. Management cited expenses related to graphics processing units (GPUs) and data center infrastructure build-out as the major costs of development, along with compensating workers. The company had $20 billion total in capital expenditures (capex) in 2025, $12 billion of which went to xAI, and it reported a $2.5 billion operating loss in the first quarter. xAI's large language model (LLM), Grok, competes wit...
Key Points SpaceX is growing steadily, led by the Starlink satellite broadband business. It's reporting hefty losses, led by the AI business. Elon Musk will own 85% of the company. These 10 stocks could mint the next wave of millionaires › The market has been getting excited about the upcoming SpaceX initial public offering (IPO), but there's been scant information about the details until lately. ...
Key Points SpaceX is growing steadily, led by the Starlink satellite broadband business. It's reporting hefty losses, led by the AI business. Elon Musk will own 85% of the company. These 10 stocks could mint the next wave of millionaires › The market has been getting excited about the upcoming SpaceX initial public offering (IPO), but there's been scant information about the details until lately. The company finally released its investor prospectus last week, giving followers a peek into what's actually happening at SpaceX. Here are the important details every potential investor needs to know before buying SpaceX stock. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » 1. Starlink is leading revenue SpaceX is a rapidly growing business, but the rate is steady, not spectacular. Revenue increased by about 33% in 2025 and by about 15% year over year in the 2026 first quarter. Since its merger with Elon Musk's xAI last year, the company has several revenue streams. The core SpaceX rocket-launching business, which generated $4.1 billion in revenue in 2025; the Starlink broadband business, which generated $11.4 billion in revenue; and the xAI artificial intelligence (AI) business, which generated $3.2 billion. Starlink business revenue increased 32% year over year in the first quarter of 2026, and subscribers more than doubled from 5 million at the end of 2024 to 10.3 million at the end of 2025. Average revenue per user declined from $86 to $66 as the company released new, lower-priced products, especially outside of North America. 2. AI is leading losses Turning all that revenue into profit isn't so easy. SpaceX reported a $4.9 billion loss in 2025 and a $4.3 billion loss in the 2026 first quarter, up from a $528 million loss in last year's first quarter. The main loss is coming from the AI business, whi...
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. Ocado shares got a welcome boost after striking a deal with supermarket chain Asda . The partnership will help boost online sales at the grocer, replacing and upgrading existing e-commerce infrastructure from next year. Asda deals with 700,000 online orders every week. Its pla...
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. Ocado shares got a welcome boost after striking a deal with supermarket chain Asda . The partnership will help boost online sales at the grocer, replacing and upgrading existing e-commerce infrastructure from next year. Asda deals with 700,000 online orders every week. Its platform will also be used for orders made via the likes of Uber Eats and Deliveroo. No financial terms were mentioned. Supermarket wars are only heating up as players try to lure increasingly cash-strapped shoppers to the tills. Asda remains the third-largest grocer behind Tesco and Sainsbury’s, but sales have been falling and rival Aldi has been catching up, according to the latest data. Lidl has overtaken Morrisons to become Britain’s fifth largest grocer. For Ocado, it’s a win for its automated technology after a string of setbacks related to its warehouses. The company’s been fighting to prove its relevance after its biggest customer, US grocer Kroger, shut three Ocado fulfilment centres late last year, and another, Canada’s Sobeys, said it would close one of its warehouses. Ocado shares jumped 13%. That’s Asda price. P.S. I’ll be off next week, so my colleague Chloe will guide you through all you need to know. See you in June! What’s your take? Ping me on X , LinkedIn or drop me an email at lmoon13@bloomberg.net. Oh, and do subscribe to Bloomberg.com for unlimited access to trusted business journalism on the UK, and beyond. What We’re Watching Away from corporate news, Andy Burnham has said he’d increase regulations on tech firms and intervene more widely in the economy were he to become PM. “You can’t just leave it to the market,” Burnham wrote in The Times in response to criticism by Tony Blair, warning that deregulation was the “principal cause” of the 2008 global financial crisis. If Reform UK wins the next general election, it would focus on cutting bills rather tha...
Mustapha GUNNOUNI Oil prices may rise in the next two months as crude inventories fall due to the U.S.-Iran war, Chevron ( CVX ) CEO Mike Wirth and Exxon ( XOM ) senior vice president Neil Chapman said in a Bernstein conference on Thursday. “The buffers and the shock absorbers are being steadily drawn down, and the ability for the market to absorb this imbalance is drastically diminished today ver...
Mustapha GUNNOUNI Oil prices may rise in the next two months as crude inventories fall due to the U.S.-Iran war, Chevron ( CVX ) CEO Mike Wirth and Exxon ( XOM ) senior vice president Neil Chapman said in a Bernstein conference on Thursday. “The buffers and the shock absorbers are being steadily drawn down, and the ability for the market to absorb this imbalance is drastically diminished today versus where we started,” Wirth said. “Over the next few weeks, we’re likely to see those pressures flow through more directly to physical prices and there’s more upwards pressure that I would expect as we get into June and certainly into July," Wirth added. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.3M barrels in the week ended May 22, the EIA said in its latest weekly report . At 441.7M barrels, U.S. crude oil inventories are about 2% below the five-year average for this time of year. The Strategic Petroleum Reserve fell by 9.1M barrels to 365.1M barrels in the week ended May 22 . “We’re approaching unheard of inventory levels,” Exxon’s Chapman said. “You can debate whether that’s going to hit, those really low levels, in two weeks or three weeks. Once you get to that point, then you’ll see price shoot up.” Brent futures ( CO1:COM ) are up over 50% YTD, but have declined around 18% in the last month amid a tenuous ceasefire in the Middle East war, even as transit across the Strait of Hormuz remained disrupted. U.S. President Donald Trump has circulated a draft peace agreement with Iran after the previous few days saw the ceasefire breached. Washington struck what it described as an Iranian drone operation near the Strait of Hormuz, following which Iran targeted a US airbase in Kuwait on Thursday. Wirth said oil prices had not risen as much as expected due to higher-than-normal stocks of crude, but these stocks were now running low. Exxon’s Chapman suggested that physical Brent oil cargo prices could reach $150 to...
Mother-of-one Shanice Brookes, 30, was found with serious injuries outside One Four One on West Street at about 02:45 BST on Monday and later died in hospital.
Mother-of-one Shanice Brookes, 30, was found with serious injuries outside One Four One on West Street at about 02:45 BST on Monday and later died in hospital.
Investors pulled money from US spot-Bitcoin exchange-traded funds for a ninth straight session, the longest run of withdrawals since the products debuted, underscoring a cooling in demand for the largest cryptocurrency even as broader risk assets rally. The US-listed funds recorded about $2.8 billion of net outflows from May 15 through May 28, according to data compiled by Bloomberg. The streak of...
Investors pulled money from US spot-Bitcoin exchange-traded funds for a ninth straight session, the longest run of withdrawals since the products debuted, underscoring a cooling in demand for the largest cryptocurrency even as broader risk assets rally. The US-listed funds recorded about $2.8 billion of net outflows from May 15 through May 28, according to data compiled by Bloomberg. The streak of nine trading days marks the longest stretch of redemptions since the ETFs launched in January 2024, when they were hailed as one of Wall Street’s most successful fund debuts. The products opened the door for a broader set of institutional and retail investors to gain exposure to Bitcoin through regulated vehicles, and their flows have become a key gauge of appetite for the token. The latest withdrawals come as Bitcoin shows signs of fatigue. Since a market crash on Oct. 10 last year, crypto prices have struggled to regain lost ground and remain under pressure. Read More: Bitcoin Dips Below $73,000 Despite Trump’s Crypto Capital Push Bitcoin traded at about $73,650 as of 7:52 a.m. in London on Friday, down more than 40% from a record in October. The ETF outflows stand in contrast to a buoyant backdrop for global equities. The Nasdaq and S&P 500 hit new highs in the US on Thursday and Asia’s Kospi and Topix climbed to fresh peaks today. “While other risk assets have embraced reports of a potential 60-day truce extension in the Middle East, Bitcoin has become increasingly isolated from the broader risk spectrum,” said Tony Sycamore, an analyst at IG Australia. “Even yesterday’s posts on social media, where President Trump declared ‘We will never let crypto down,’ failed to provide any meaningful support.”