AT&T ( T ) on Wednesday announced $19 billion of investment in California's fiber and wireless networks by the end of 2030, aimed to bring high-speed connectivity. This marks the company's largest-ever infrastructure investment commitment in the state, AT&T said, adding that it is investing $3 billion more in the next five years (2026-2030) than the previous five (2021-2025) – reaching $35 billion...
AT&T ( T ) on Wednesday announced $19 billion of investment in California's fiber and wireless networks by the end of 2030, aimed to bring high-speed connectivity. This marks the company's largest-ever infrastructure investment commitment in the state, AT&T said, adding that it is investing $3 billion more in the next five years (2026-2030) than the previous five (2021-2025) – reaching $35 billion invested over 10 years (2021-2030) in California's network. AT&T said its commitment includes bringing fiber to an additional 4 million+ households and businesses in the state by the end of 2030, to reach 9 million+ fiber locations,as well as expanding its wireless network with additional spectrum and adding more than 1,200 cell sites by the end of 2030, among others. Press release More on AT&T AT&T Inc. (T) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript AT&T Inc. (T) Shareholder/Analyst Call Transcript Wall Street Lunch: Does AT&T's History Help Ease AI Capex Fears? AT&T reaffirms profit targets, goal of 60M fiber internet coverage by 2030 Telecom providers aim to end dead zones by pooling resources
Nvidia CFO Colette Kress said Wednesday that first-quarter total supply-related commitments were $119 billion. That's a 25% increase from the $95.2 billion in the fourth quarter. "We have strategically secured inventory and capacity to meet demand beyond the next several quarters," Kress said.
Nvidia CFO Colette Kress said Wednesday that first-quarter total supply-related commitments were $119 billion. That's a 25% increase from the $95.2 billion in the fourth quarter. "We have strategically secured inventory and capacity to meet demand beyond the next several quarters," Kress said.
In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Occidental Petroleum Corp (Symbol: OXY) has taken over the #247 spot from Take-Two Interactive Software, Inc. (Symbol: TTWO), according to The Online Investor Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it ...
In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Occidental Petroleum Corp (Symbol: OXY) has taken over the #247 spot from Take-Two Interactive Software, Inc. (Symbol: TTWO), according to The Online Investor Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much — that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true "apples-to-apples" comparison of the value of two stocks. In the case of Occidental Petroleum Corp (Symbol: OXY), the market cap is now $60.37 billion, versus Take-Two Interactive Software, Inc. (Symbol: TTWO) at $44.10 billion. Below is a chart of Occidental Petroleum Corp versus Take-Two Interactive Software, Inc. plotting their respective size rank within the S&P 500 over time (OXY plotted in blue; TTWO plotted in green): Below is a three month price history chart comparing the stock performance of OXY vs. TTWO: Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). This can have a direct impact on which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and "tosses out" the biggest 100 companies so as to focus solely on the ...
SpaceX filed publicly for its initial public offering, moving Elon Musk ’s rocket, satellite and artificial intelligence company a step closer to delivering the world’s biggest-ever debut. The company known formally as Space Exploration Technologies Corp. chose Nasdaq to make its debut under the symbol SPCX , according to a filing Wednesday with the US Securities and Exchange Commission. SpaceX pr...
SpaceX filed publicly for its initial public offering, moving Elon Musk ’s rocket, satellite and artificial intelligence company a step closer to delivering the world’s biggest-ever debut. The company known formally as Space Exploration Technologies Corp. chose Nasdaq to make its debut under the symbol SPCX , according to a filing Wednesday with the US Securities and Exchange Commission. SpaceX previously filed confidentially for the listing, Bloomberg News reported in April. Follow out reporters digging into the filing on our TOPLive blog here. The largest private company, led by the world’s richest person, is targeting as much as $75 billion in its listing at a valuation of more than $2 trillion, people familiar with the matter have said . That would eclipse the $29.4 billion IPO record set by Saudi Aramco in 2019. SpaceX dominates the space transportation industry, and is a key rocket-launch provider for both NASA and the Pentagon . It also derives billions of dollars in revenue from its Starlink satellite internet business. Long a darling of private market investors, SpaceX’s private valuation has grown rapidly, reaching $1.25 trillion after it acquired Musk’s AI startup xAI this year. The acquisition included X, the social media network that Musk acquired in 2022 in a $44 billion deal, including $33.5 billion in equity. At $2 trillion, SpaceX’s market value would be larger than all but a handful of the companies in the S&P 500 Index, and larger than Tesla Inc. , which Musk also runs. His fortune, which stands at $680 billion according to the Bloomberg Billionaires Index , could surge if the IPO is a success. For the latest news on equity capital markets activity in the US, Canada and Latin America, terminal users can follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . Goldman Sachs Group Inc. and Morgan Stanley are leading SpaceX’s IPO, the filing shows. Bank of America Cor...
Moody’s Ratings cut Mexico’s credit score to the lowest tier of investment grade, citing the country’s weakening fiscal position and stoking concern Latin America’s second-largest economy is heading toward junk status. The firm downgraded Mexico to Baa3 from Baa2, while revising its outlook to stable from negative, according to a statement on Wednesday. The move comes a week after S&P Global Ratin...
Moody’s Ratings cut Mexico’s credit score to the lowest tier of investment grade, citing the country’s weakening fiscal position and stoking concern Latin America’s second-largest economy is heading toward junk status. The firm downgraded Mexico to Baa3 from Baa2, while revising its outlook to stable from negative, according to a statement on Wednesday. The move comes a week after S&P Global Ratings revised Mexico’s credit outlook to negative from stable. The downgrade “reflects a sustained weakening in fiscal strength that accelerated in 2024 and that we expect to persist,” Moody’s analysts wrote. “Rigid spending, a narrow revenue base, and continued support to Petroleos Mexicanos limit the government’s ability to stabilize debt in a low-growth environment.” Ahead of the decision, Moody’s had sought clarity from authorities on how the Middle East conflict could affect a budget plan presented in early April, in which the government forecast a narrower deficit next year, as well as progress on a strategic overhaul of Pemex and USMCA talks, Renzo Merino, a senior credit officer in the sovereign risk group at the ratings firm said in April . Read more: Mexico Credit Rating Verdict From Moody’s Expected by June End The Moody’s rating is now in line that from Fitch Ratings, which has Mexico at BBB-, and one notch below S&P’s BBB rating. Moody’s had warned in February that ongoing support to Pemex could pressure the country’s debt metrics, and that uncertainty around this year’s review of the USMCA trade pact is also weighing on investor sentiment. Mexico last year raised a record $41 billion in hard-currency bonds as part of a broader plan from President Claudia Sheinbaum ’s government to support the state-owned oil company. Earlier this week, Citi economists and strategists said that the market isn’t fully pricing the medium-term risk of Mexico losing its investment grade rating and becoming a so-called fallen angel. “While spreads already reflect much of this expected ...
Erica Brescia, Redpoint Ventures managing director, reacts to Nvidia's first-quarter earnings report and explains why she is still bullish on the stock. She speaks on "Bloomberg The Close." (Source: Bloomberg)
Erica Brescia, Redpoint Ventures managing director, reacts to Nvidia's first-quarter earnings report and explains why she is still bullish on the stock. She speaks on "Bloomberg The Close." (Source: Bloomberg)
Eugene Gologursky/Getty Images Entertainment Updated 16:50ET to include intent to lower prices Shares of e.l.f. Beauty ( ELF ) are grinding higher in after-hours trading as the company reported better-than-expected fiscal fourth-quarter results but set full-year guidance below Wall Street’s expectations and swung to a loss for the quarter on an unadjusted basis due to foreign exchange fluctuations...
Eugene Gologursky/Getty Images Entertainment Updated 16:50ET to include intent to lower prices Shares of e.l.f. Beauty ( ELF ) are grinding higher in after-hours trading as the company reported better-than-expected fiscal fourth-quarter results but set full-year guidance below Wall Street’s expectations and swung to a loss for the quarter on an unadjusted basis due to foreign exchange fluctuations. “Fiscal 26 marked our 7th consecutive year of net sales and market share growth—a track record that reflects the strength of our team, strategy, and portfolio of brands,” said Tarang Amin, e.l.f. Beauty’s chairman and CEO. The most recent quarterly results reflected the strong performance of its rhode and Naturium brands, as net sales were up 35% during the quarter, leading to a 140 basis point gain in gross margin. The company also recorded a fair value adjustment of $57.6M for FY26 due to rhode’s outperformance as per the terms of the acquisition. But despite the sales gains, foreign exchange fluctuations resulted in an unadjusted loss of $49.4M or ($0.82) per share versus estimates for a profit of $0.09 per share. On an adjusted basis, the company earned a profit of $0.32 per share, topping expectations by 3 cents. For FY27, e.l.f. Beauty ( ELF ) expects sales to reflect the impact from higher fuel costs, forecasting revenue to be within a range of $1.835B and $1.865B with a midpoint of $1.85B that is less than $1.86B estimates. Earnings are projected to be between $3.27 and $3.32 per share versus $3.61 consensus estimates. Update: In an interview with CNBC, Amin said the company plans to roll back some tariff-related price increases to offset a slowdown in sales. "We've seen units drop off a bit more in the last few months as consumers have particularly been suffering with higher costs. There'll be additional items that we will test lower pricing on," Amin said during the interview. More on e.l.f. Beauty e.l.f. Beauty: Caution Is Warranted e.l.f. Beauty: rhode And New...
00:00 Speaker A Let's get to Yahoo Finance's Dan Howley on the latest. Dan, what are you seeing? 00:02 Dan Howley Yeah, but they obviously beat on the top and bottom line and they provided a better than anticipated Q2 outlook, but the stock initially fell around 2%. Right now, it's just hovering around uh 1%. 00:13 Dan Howley Uh in the quarter they uh said for Q2, they said they anticipate between...
00:00 Speaker A Let's get to Yahoo Finance's Dan Howley on the latest. Dan, what are you seeing? 00:02 Dan Howley Yeah, but they obviously beat on the top and bottom line and they provided a better than anticipated Q2 outlook, but the stock initially fell around 2%. Right now, it's just hovering around uh 1%. 00:13 Dan Howley Uh in the quarter they uh said for Q2, they said they anticipate between 89.1 and 92.8 billion dollars in revenue. Uh Wall Street initially was looking for 87.3 billion. That's for Q2. 00:26 Dan Howley For Q1 though, uh the company came in with EPS of $1.87 and revenue of 81.62 billion. Uh the estimate was for a $1.77 and 79.18 billion. So obviously a big beat there. 00:40 Dan Howley And then on the data center side, obviously the most important business for Nvidia, they had revenue at 75.2 billion. The projection was for 73.47 billion. 00:50 Dan Howley Just to give you uh uh kind of put that into perspective, the company brought in 39.11 billion in the same quarter just last year on the data center side of things. 00:59 Dan Howley Now, CFO Colette Kress said that they didn't see any Hopper product revenue out of China during that quarter. You'll recall that Jensen Huang, the CEO, was just in China with President Trump trying to get more chips or at least ship any chips into the country. 01:13 Dan Howley The US has offered Nvidia licenses to ship, but China has to then allow them to be imported and so far, we're not seeing that. Though reports indicate that that could change in the near future. It's been kind of a touch and go situation for them there. 01:26 Dan Howley Uh and I just want to point out that uh Kress also said that about 50% of the revenue in the data center continued to come from hyperscalers. Those are the Microsofts, Googles, uh Amazons, Metas of the world. 01:38 Dan Howley The other 50% came from a variety of sources. That includes AI clouds, uh industrial, enterprise, and sovereign customers. 01:44 Dan Howley Sovereign AI, uh...
Wells Fargo & Co. has hired a trio of bankers who focus on the technology sector from rivals Citigroup Inc. , Bank of America Corp. and Deutsche Bank AG , according to people familiar with the matter. Wells has brought on Mark Gracia from Citi to be a managing director covering core digital assets and Blockchain, one of the people said, asking not to be identified because the matter is private. He...
Wells Fargo & Co. has hired a trio of bankers who focus on the technology sector from rivals Citigroup Inc. , Bank of America Corp. and Deutsche Bank AG , according to people familiar with the matter. Wells has brought on Mark Gracia from Citi to be a managing director covering core digital assets and Blockchain, one of the people said, asking not to be identified because the matter is private. He’ll be based in New York and report to Brian Gudofsky , head of technology, media and telecommunications investment banking. Jusung Kwok has also joined from Deutsche Bank to be a managing director and co-head of semiconductors in San Francisco, reporting to Tej Shah , the bank’s head of technology investment banking. Shah, who joined in 2025, was recently elevated to that role after being co-head of software investment banking. A third banker, Derrick Chao, was hired from Bank of America in San Francisco to be a managing director in the global M&A group focused on technology. He will report to Jeff Hogan, head of global M&A. A spokesperson for Wells Fargo confirmed the news and declined to comment further. Representatives for Citi, Bank of America and Deutsche Bank declined to comment. Wells Fargo has been bolstering its investment banking ranks through hires. Other bankers advising tech companies who joined recently include Matt Lacy, a managing director who joined from Deutsche Bank and is focused on software and Jesse Chasse , formerly of RBC, who is co-head of TMT ECM and head of VC coverage solutions in ECM. Wells Fargo leapt up the league tables this week, into fifth place from ninth, after advising NextEra Energy Inc. on its $67 billion acquisition of Dominion Energy Inc.