The border separating Iran and Turkey is one of the few ways journalists have been able to speak to people coming out of Iran, with those leaving telling the BBC they feel unsafe and scared. Hundreds escaping the war are passing through that border, but a few are going back into the country. The BBC's James Waterhouse reports.
The border separating Iran and Turkey is one of the few ways journalists have been able to speak to people coming out of Iran, with those leaving telling the BBC they feel unsafe and scared. Hundreds escaping the war are passing through that border, but a few are going back into the country. The BBC's James Waterhouse reports.
President Donald Trump is facing a major legal challenge from a group of states that are planning to file a lawsuit over his order placing a 10% tax on goods entering the US after the Supreme Court struck down his earlier sweeping duties last month. Greg Stohr reports on Bloomberg Television. (Source: Bloomberg)
President Donald Trump is facing a major legal challenge from a group of states that are planning to file a lawsuit over his order placing a 10% tax on goods entering the US after the Supreme Court struck down his earlier sweeping duties last month. Greg Stohr reports on Bloomberg Television. (Source: Bloomberg)
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." The Iran war enters its sixth day with officials warning attacks will intensify as oil spikes. Broadcom takes aim at Nvidia, issuing an ambitious AI sales forecast that could reshape the chip race. Morgan Stanley cuts 3% of its global workforce across all business lines. Plus. are hidden AI portfo...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." The Iran war enters its sixth day with officials warning attacks will intensify as oil spikes. Broadcom takes aim at Nvidia, issuing an ambitious AI sales forecast that could reshape the chip race. Morgan Stanley cuts 3% of its global workforce across all business lines. Plus. are hidden AI portfolio risks lurking in your investments? Partners Capital CEO Arjun Raghavan joins us to discuss. And Ring founder and Chief Inventor Jamie Siminoff is in the C-Suite on Bloomberg Open Interest talking about the growing concerns over home surveillance. (Source: Bloomberg)
ImagineGolf/E+ via Getty Images Canadian Natural Resources ( CNQ ) +0.9% in Thursday's trading after reporting Q4 adjusted earnings that topped expectations and approving a 6.4% increase to the quarterly dividend, marking the 26th consecutive year the company raised its payout to shareholders. Q4 net earnings soared to C$5.3B (US$3.89B), or C$2.54/share, from C$1.14B, or C$0.54/share, in the year-...
ImagineGolf/E+ via Getty Images Canadian Natural Resources ( CNQ ) +0.9% in Thursday's trading after reporting Q4 adjusted earnings that topped expectations and approving a 6.4% increase to the quarterly dividend, marking the 26th consecutive year the company raised its payout to shareholders. Q4 net earnings soared to C$5.3B (US$3.89B), or C$2.54/share, from C$1.14B, or C$0.54/share, in the year-earlier quarter; stripping out various one-time items, Q4 adjusted earnings from operations came in at C$0.82/share, down from an adjusted profit of C$0.93/share a year ago but ahead of the C$0.67/share FactSet analyst consensus. Q4 product sales fell 3% Y/Y to C$10.71B, as lower prices weighed on the value of crude and natural gas liquids sales despite increased volumes from oil sands mining. Q4 overall production before royalties rose 13% Y/Y to 1.66M boe, as crude oil and natural gas liquids output before royalties increased 12% to a record 1.22M bbl/day and gas production before royalties jumped 17% to 2.66B cf/day. Following the recent purchase of Peace River assets, Canadian Natural ( CNQ ) guided for FY 2026 production of 1.615M-1.665M boe/day, slightly higher than the 1.56M-1.58M boe/day the company forecast in December. The company said it reduced net debt by ~C$1.2B in the quarter and C$2.7B over 2025, with long-term debt at the end of December totaling C$15.94B. Canadian Natural's ( CNQ ) operational performance was "right down the fairway," and the company continues to deliver as expected, said Raymond James analyst Michael Barth, who rates the stock at Outperform. However, Canadian Natural ( CNQ ) said it is deferring an expansion project for its Jackpine oil sands mine in Alberta as it waits for Canada's government to finalize environmental policies. The company reduces its FY 2026 forecast for operating and capital expenditures by ~C$310M, which includes the removal of early engineering and design work at Jackpine from spending plans for the year. The company...
Hi, thanks as always for reading TechCrunch. We want to talk with you quickly about something important. A growing number of scammers are impersonating TechCrunch reporters, editors, and event leads and reaching out to companies, pretending to be our staff when they absolutely are not. (Here is a list of all of our actual staff.) These bad actors are using our name and reputation to try to dupe un...
Hi, thanks as always for reading TechCrunch. We want to talk with you quickly about something important. A growing number of scammers are impersonating TechCrunch reporters, editors, and event leads and reaching out to companies, pretending to be our staff when they absolutely are not. (Here is a list of all of our actual staff.) These bad actors are using our name and reputation to try to dupe unsuspecting businesses. It drives us crazy and infuriates us on your behalf. Judging by the increased number of emails we’re receiving, asking, “Does this person really work for you?” it appears to be happening more actively at the moment. Anecdotally, this isn’t just happening to us; fraudsters are exploiting the trust that comes with established news brands to get their foot in the door with companies across the media industry. Here’s an example of the most common scheme we’ve been tracking: Impostors are impersonating our reporters to extract sensitive business information from unsuspecting targets. In several cases we know about, scammers have adopted the identity of actual staff members, crafting what looks like a standard media inquiry about a company’s products and requesting an introductory call. Sharp-eyed recipients sometimes catch discrepancies in email addresses that don’t match our real employees’ credentials (see a list of bogus email addresses below). But more newly, they are hearing from fake reporters who claim to have address conventions that do match our own, making it tricker to recognize a TechCrunch employee from someone else claiming to be one. Indeed, the schemes evolve quickly; bad actors keep refining their tactics, mimicking reporters’ writing styles, and referencing startup trends to make their pitches increasingly convincing. Equally troubling, victims who agree to phone interviews tell us the fraudsters use those exchanges to dig for even more proprietary details. A PR rep told Axios that someone posing as a TechCrunch reporter raised suspicions...
Key Points The world's population is aging, with more elderly people as a percentage of the whole. That presents a golden opportunity -- particularly to businesses already addressing the needs of such patients. 10 stocks we like better than Boston Scientific › Earth's human population is aging. According to recent research from the World Health Organization, from 2015 to 2050, the proportion of pe...
Key Points The world's population is aging, with more elderly people as a percentage of the whole. That presents a golden opportunity -- particularly to businesses already addressing the needs of such patients. 10 stocks we like better than Boston Scientific › Earth's human population is aging. According to recent research from the World Health Organization, from 2015 to 2050, the proportion of people 60 or older will almost double, from 12% of the total to 22%. That's a big leap over a relatively short period, and the trend offers a significant opportunity for medical device makers, especially Boston Scientific (NYSE: BSX). Here are three reasons why its stock can quintuple -- at least -- on the back of this shift. 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. A legacy of treating the elderly Boston Scientific's focus on afflictions that affect older patients is nothing new. Its Watchman line, which debuted in 2015, consists of small balloon-expandable heart inserts that reduce stroke risk in those with a type of atrial fibrillation (a disorder that skews toward the elderly). The company is also a leader in neuromodulation, which uses mild electrical signals transmitted through the body's nervous system to alleviate pain. Chronic pain is relatively common in people with, for example, degenerative disorders, again a health problem that disproportionately affects those of advanced age. Parkinson's disease is another disorder notorious for claiming victims in the older demographic and presents in tremors and difficulties with mobility. Boston Scientific's Vercise Deep Brain Stimulation (DBS) systems first earned U.S. Food and Drug Administration (FDA) approval in 2017 to help alleviate those issues. 2. A recent push into other niches Building on this solid foundation of legacy products, Boston ...
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 look at two noteworthy recent insider buys. At CarGurus, a filing with the SEC revealed that on Tuesday, Director Stephen ...
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 look at two noteworthy recent insider buys. At CarGurus, a filing with the SEC revealed that on Tuesday, Director Stephen Kaufer bought 30,766 shares of CARG, for a cost of $32.50 each, for a total investment of $1.00M. Kaufer was up about 7.5% on the purchase at the high point of today's trading session, with CARG trading as high as $34.93 in trading on Thursday. CarGurus is trading up about 1.3% on the day Thursday. And on Monday, James T. Glerum Jr. purchased $499,980 worth of Tennant, purchasing 8,163 shares at a cost of $61.25 each. This buy marks the first one filed by Glerum Jr. in the past year. Tennant is trading down about 0.1% on the day Thursday. So far Glerum Jr. is in the green, up about 4.4% on their buy based on today's trading high of $63.95. VIDEO: Thursday 3/5 Insider Buying Report: CARG, TNC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Rep. Tony Gonzales, R-Texas, does a TV news interview in the U.S. Capitol on Tuesday, Feb. 3, 2026. Bill Clark | CQ-Roll Call, Inc. | Getty Images House Republican leaders on Thursday called on Rep. Tony Gonzales to drop his bid for reelection after the Texas Republican admitted to having an affair with a staff member. The House Ethics Committee on Wednesday announced it was investigating Gonzales...
Rep. Tony Gonzales, R-Texas, does a TV news interview in the U.S. Capitol on Tuesday, Feb. 3, 2026. Bill Clark | CQ-Roll Call, Inc. | Getty Images House Republican leaders on Thursday called on Rep. Tony Gonzales to drop his bid for reelection after the Texas Republican admitted to having an affair with a staff member. The House Ethics Committee on Wednesday announced it was investigating Gonzales' relationship with the aide, Regina Santos-Aviles, who died by suicide in September. Later on Wednesday, Gonzales went on a conservative radio show and for the first time admitted to the affair, calling it "a lapse in judgment." After Tuesday's primary elections in Texas, Gonzales is heading to a runoff election in May against Brandon Herrera, who is challenging the incumbent from the right. Read more CNBC politics coverage Iran foreign minister: Not seeking ceasefire, warns U.S. invasion would be ‘big disaster for them’ Epstein files: DOJ plans to release new batch of documents ‘fairly soon,’ MS NOW reports Sen. Merkley proposes prediction market ban for government officials after Maduro, Iran bets "Congressman Gonzales has said he will fully cooperate with the investigation. We have encouraged him to address these very serious allegations directly with his constituents and his colleagues," Speaker Mike Johnson , R-La., Majority Leader Steve Scalise , R-La., Majority Whip Tom Emmer , R-Minn., and House Republican Caucus Chair Lisa McClain , R-Mich., said in a joint statement. "In the meantime, Leadership has asked Congressman Gonzales to withdraw from his race for re-election," the statement continued. Gonzales office did not immediately respond to an email seeking comment on Thursday. Katy Padilla Stout, a Democrat running for Gonzales' seat, won outright in her party's primary on Tuesday and advanced to the November general election. The district is in southwestern Texas along the border with Mexico. Cook Political Report lists it as "Solid R." "I would like to thank Sp...
Spin Master press release ( SNMSF ): Q4 Non-GAAP EPS of $0.41. Revenue of $618.2M (-4.8% Y/Y) beats by $13.89M . For the full year 2026, the company expects: revenue: stable to low single digit percentage growth compared to 2025 and adjusted EBITDA: mid to high single digit percentage growth compared to 2025. More on Spin Master Spin Master Corp. (TOY:CA) Q4 2025 Earnings Call Transcript Jefferies...
Spin Master press release ( SNMSF ): Q4 Non-GAAP EPS of $0.41. Revenue of $618.2M (-4.8% Y/Y) beats by $13.89M . For the full year 2026, the company expects: revenue: stable to low single digit percentage growth compared to 2025 and adjusted EBITDA: mid to high single digit percentage growth compared to 2025. More on Spin Master Spin Master Corp. (TOY:CA) Q4 2025 Earnings Call Transcript Jefferies thinks the toy story for Spin Master is getting better Box office boost: The 2026 blockbuster movies that may lift toy stocks Seeking Alpha’s Quant Rating on Spin Master Historical earnings data for Spin Master
New York Times columnist Andrew Ross Sorkin and CEO and co-founder of Anthropic Dario Amodei speak onstage during the 2025 New York Times Dealbook Summit at Jazz at Lincoln Center on December 03, 2025 in New York City. Michael M. Santiago | Getty Images The Department of Defense has officially informed Anthropic's leadership that the company and its products have been designated a supply chain ris...
New York Times columnist Andrew Ross Sorkin and CEO and co-founder of Anthropic Dario Amodei speak onstage during the 2025 New York Times Dealbook Summit at Jazz at Lincoln Center on December 03, 2025 in New York City. Michael M. Santiago | Getty Images The Department of Defense has officially informed Anthropic's leadership that the company and its products have been designated a supply chain risk, effective immediately, according to a senior department official. "From the very beginning, this has been about one fundamental principle: the military being able to use technology for all lawful purposes," the official told CNBC. "The military will not allow a vendor to insert itself into the chain of command by restricting the lawful use of a critical capability and put our warfighters at risk." Anthropic is the only American company ever to be publicly named a supply chain risk, as the designation has traditionally been used against foreign adversaries. The formal declaration will require defense vendors and contractors to certify that they don't use Anthropic's models in their work with the Pentagon. The formal designation marks the latest development in the ongoing clash between Anthropic and the Pentagon, which have been at odds over the startup's artificial intelligence models, known as Claude, can be used. This is breaking news. Please refresh for updates.
Boarding1Now Air Canada ( ACDVF ) announced on Thursday that it began operating its first updated Boeing 737 MAX 8 aircraft with its leisure carrier Air Canada Rouge. The development was said to mark a key milestone in the airline's broader fleet transformation and cabin renewal program.The airline company noted that its newly deployed Rouge 737 MAX 8 introduces upgraded interiors aimed at delive...
Boarding1Now Air Canada ( ACDVF ) announced on Thursday that it began operating its first updated Boeing 737 MAX 8 aircraft with its leisure carrier Air Canada Rouge. The development was said to mark a key milestone in the airline's broader fleet transformation and cabin renewal program.The airline company noted that its newly deployed Rouge 737 MAX 8 introduces upgraded interiors aimed at delivering a more comfortable, connected leisure travel experience, including personal seatback entertainment, reclining seats for all passengers, and complimentary fast, free Wi‑Fi sponsored by Bell on North American and Caribbean routes. Cabins are configured with 12 Business Class seats, 18 extra‑space Preferred seats, and 147 Standard Economy seats. To support its leisure growth ambitions, Air Canada ( ACDVF ) opened a new Rouge crew base in Vancouver, enabling more sun and leisure flying from Western Canada, including the return of winter service from Calgary to Cancun and Puerto Vallarta. The 737 MAX transition is part of a plan under which 45 Boeing 737 MAX aircraft are expected to move to Rouge by the end of 2026, while Rouge’s Airbus A320 and A321 jets are retrofitted to Air Canada’s latest cabin standard and moved into the mainline fleet. Longer term, the carrier intends to add larger and more efficient aircraft across its network, including eight Airbus A350‑1000s, 14 Boeing 787‑10 Dreamliners, 30 Airbus A321XLRs, and additional Canadian‑built Airbus A220s, all entering service with the airline’s next‑generation cabin design and enhanced connectivity. More on Air Canada Air Canada (AC:CA) Q4 2025 Earnings Call Transcript Air Canada 2025 Q4 - Results - Earnings Call Presentation Air Canada: A Buy Despite US Transborder Headwinds Air Canada Non-GAAP EPS of C$0.65, revenue of C$5.77B; initiates Q1 and FY26 outlook Air Canada halts Cuba flights amid fuel supply disruptions
golero/E+ via Getty Images Burlington Stores, Inc. ( BURL ) is a retailer that is over 50 years old now. It was, of course, founded in 1972 as the Burlington Coat Factory in New Jersey. Over time it has grown from a small player to regional outerwear wholesaler and now into a major national off-price retailer. The name stems from its opening location and headquarters in Burlington, New Jersey. Tod...
golero/E+ via Getty Images Burlington Stores, Inc. ( BURL ) is a retailer that is over 50 years old now. It was, of course, founded in 1972 as the Burlington Coat Factory in New Jersey. Over time it has grown from a small player to regional outerwear wholesaler and now into a major national off-price retailer. The name stems from its opening location and headquarters in Burlington, New Jersey. Today the company operates over 1,000 stores across the United States and Puerto Rico. It is now just Burlington, as the name was simplified because it has more than just coats and such. It has a big diversified product assortment. It does compete with other off-price retailers, and has had its share of struggles, but shoppers can get up to 60% off compared to traditional retailers. Like competitors the company does opportunistic buying of overstocks and closeouts from manufacturers. As we look forward, shareholders have a long-term investment case here because the company continues to expand its footprint with plans to reach 2,000 locations. Shares have had a big rally from the fall of 2025 which was a buying opportunity for traders at our investing group, but for now we have to rate it a Hold at these levels. That said, long term, there is upside, but a better price can likely be had this year. Still, it’s a positive Hold, and the just-reported earnings justify hanging on for longer-term upside. Let us discuss. Burlington Q4 Sales And Margins First, we have to check for trends in sales. That is key. In Q4, which covers the holiday sales period mind you we saw revenues up 11.3% to $3.64 billion. This was a slight beat of $50 million versus consensus, but stable and respectable growth billion. Of course for retailers the most important metric we monitor is always comparable sales. Well, comparable store sales were up 4% from a year ago. For all of 2025 the comps were still positive at 2%. The company had taken action to mitigate tariffs in H1 2025, and that translated in H2 20...
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Mosaic Co (Symbol: MOS), where a total volume of 35,135 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.5% of MO...
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Mosaic Co (Symbol: MOS), where a total volume of 35,135 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.5% of MOS's average daily trading volume over the past month, of 6.7 million shares. Especially high volume was seen for the $30 strike call option expiring January 15, 2027 , with 11,905 contracts trading so far today, representing approximately 1.2 million underlying shares of MOS. Below is a chart showing MOS's trailing twelve month trading history, with the $30 strike highlighted in orange: Universal Health Services, Inc. (Symbol: UHS) saw options trading volume of 4,225 contracts, representing approximately 422,500 underlying shares or approximately 51.4% of UHS's average daily trading volume over the past month, of 822,370 shares. Particularly high volume was seen for the $200 strike put option expiring March 20, 2026, with 2,079 contracts trading so far today, representing approximately 207,900 underlying shares of UHS. Below is a chart showing UHS's trailing twelve month trading history, with the $200 strike highlighted in orange: And Kraft Heinz Co (Symbol: KHC) options are showing a volume of 76,420 contracts thus far today. That number of contracts represents approximately 7.6 million underlying shares, working out to a sizeable 47% of KHC's average daily trading volume over the past month, of 16.3 million shares. Particularly high volume was seen for the $24.50 strike call option expiring March 06, 2026, with 18,351 contracts trading so far today, representing approximately 1.8 million underlying shares of KHC. Below is a chart showing KHC's trailing twelve month trading history, with the $24.50 strike highlighted in orange: For the various different available expiratio...
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in The Trade Desk Inc (Symbol: TTD), where a total of 276,113 contracts have traded so far, representing approximately 27.6 million underlying shares. That amounts to about 146.4% of TTD's average daily trading volume over the past month of 18.9 million shares. Particularly high volume was seen for...
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in The Trade Desk Inc (Symbol: TTD), where a total of 276,113 contracts have traded so far, representing approximately 27.6 million underlying shares. That amounts to about 146.4% of TTD's average daily trading volume over the past month of 18.9 million shares. Particularly high volume was seen for the $29 strike put option expiring March 06, 2026 , with 14,153 contracts trading so far today, representing approximately 1.4 million underlying shares of TTD. Below is a chart showing TTD's trailing twelve month trading history, with the $29 strike highlighted in orange: Ciena Corp (Symbol: CIEN) options are showing a volume of 32,485 contracts thus far today. That number of contracts represents approximately 3.2 million underlying shares, working out to a sizeable 73.4% of CIEN's average daily trading volume over the past month, of 4.4 million shares. Especially high volume was seen for the $170 strike put option expiring April 17, 2026, with 5,500 contracts trading so far today, representing approximately 550,000 underlying shares of CIEN. Below is a chart showing CIEN's trailing twelve month trading history, with the $170 strike highlighted in orange: And Booking Holdings Inc (Symbol: BKNG) saw options trading volume of 4,742 contracts, representing approximately 474,200 underlying shares or approximately 72.7% of BKNG's average daily trading volume over the past month, of 652,165 shares. Especially high volume was seen for the $4700 strike call option expiring March 20, 2026, with 202 contracts trading so far today, representing approximately 20,200 underlying shares of BKNG. Below is a chart showing BKNG's trailing twelve month trading history, with the $4700 strike highlighted in orange: For the various different available expirations for TTD options, CIEN options, or BKNG options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500...
The dollar is heading for its best week in more than three years after the US strike on Iran triggered a flight to safety, and traders are turning to Friday’s jobs report to see whether the rally will continue. The Bloomberg Dollar Spot Index rose 1.6% so far this week. If the gains hold, the index is poised to have its best week since September 2022. The moves this week have partly reversed broad...
The dollar is heading for its best week in more than three years after the US strike on Iran triggered a flight to safety, and traders are turning to Friday’s jobs report to see whether the rally will continue. The Bloomberg Dollar Spot Index rose 1.6% so far this week. If the gains hold, the index is poised to have its best week since September 2022. The moves this week have partly reversed broader weakness in the dollar caused by policy uncertainty from Washington, and expectations that the Federal Reserve was poised to cut rates this year. But the price of US benchmark West Texas Intermediate crude has jumped more than 18% since the US started bombing Iran on Feb. 28, fanning inflationary concerns and damping expectations for US interest-rate cuts, which has helped to boost the dollar. The dollar index is roughly unchanged for the year so far, although it remains down more than 8% since President Donald Trump ’s inauguration last year. Ahead of the nonfarm payrolls data on Friday, traders in the one-week options market are the most bullish on the greenback since June 2024. A strong jobs report could add to the market’s confidence, say traders. “Economic data releases are no less important now than they were prior to the conflict,” said Andrew Hazlett , a foreign-exchange trader at Monex Inc. “Labor numbers have been relatively strong recently, and should we see that trend continue with NFPs tomorrow, then we expect to see further appreciation in the dollar.” Read more: Traders Turn to Canada’s Dollar as Iran War Jolts Market US employers are expected to have added 55,000 jobs in February, compared with 130,000 jobs in January, according to a Bloomberg survey of economists. Currency watchers said that better-than-expected figures could drive a fresh wave of dollar buying as investors calibrate their Fed expectations. “A strong print would reinforce the hawkish repricing already under way and extend the dollar’s recent advance,” said Karl Schamotta , chief market s...
Anna Moneymaker/Getty Images News "I was supportive of pausing" rate cuts at the Federal Reserve's January meeting to assess the impacts of the reductions the central bank had implemented in the last few months of 2025, Fed Vice Chair for Supervision Michelle Bowman said on Thursday. She said she has seen more signs of stabilizing in the labor market. Next week the monetary policymakers will get m...
Anna Moneymaker/Getty Images News "I was supportive of pausing" rate cuts at the Federal Reserve's January meeting to assess the impacts of the reductions the central bank had implemented in the last few months of 2025, Fed Vice Chair for Supervision Michelle Bowman said on Thursday. She said she has seen more signs of stabilizing in the labor market. Next week the monetary policymakers will get more data on inflation with the February PCE report. Bowman will also be watching how the Iran conflict impacts markets, especially energy markets, but it's too early to tell what the effects will be, she said at a New York Bankers Association conference on the economy and innovation. "As we were easing, that was meant to encourage investments at businesses," she said, adding that "it may have worked," as labor market measures have stabilized. As head of bank supervision at the Fed, Bowman reiterated her focus on risks that lead to bank failures, rather than more ancillary matters. Developing… Check back for updates. More on Banking and Regulation Crypto bill hits new impasse, as banks reject White House compromise - report Fed's Bowman supports easing regulations to allow banks to compete with non-bank financial institutions Fed proposes rules to bring mortgages back to the big banks
undefined undefined/iStock via Getty Images Richmond Federal Reserve Bank President Tom Barkin said how the Fed responds to the Iran war will depend on how long it impacts the U.S. economy. “Gas prices, obviously, if they’re up, that is inflationary,” Barkin told Bloomberg TV on Thursday . “Textbook monetary policy would be you look through a short-term shock, but you don’t look through a long-ter...
undefined undefined/iStock via Getty Images Richmond Federal Reserve Bank President Tom Barkin said how the Fed responds to the Iran war will depend on how long it impacts the U.S. economy. “Gas prices, obviously, if they’re up, that is inflationary,” Barkin told Bloomberg TV on Thursday . “Textbook monetary policy would be you look through a short-term shock, but you don’t look through a long-term shock, and I think that’s a lot of the assessment people are going to have to make.” Barkin also noted that economic data has indicated “a couple months of relatively high inflation,” adding it “certainly puts pause to any conclusion that we’re done fighting this.” The Federal Open Market Committee is slated to meet March 17-18. Barkin currently serves as an alternate voting member of the committee. More on SPDR S&P 500 ETF Trust, Vanguard 500 Index Fund ETF 3 Major Questions For Investors In March Forget Iran, South Korea Is The Real Threat To Markets Oil Spike May Scramble The Fed's Policy Script As War In Iran Continues Trump TACO trade doesn't work in war, Kolanovic says Strait of Hormuz closure looks like a coin flip as traders forecast essentially 50-50 chance
Shares of optics maker Corning are tumbling Thursday, likely in response to comments from well-respected Broadcom CEO Hock Tan on the chipmaker's earnings call the prior evening. But the market reaction seems like a clear-cut overreaction based on Corning's own guidance and industry outlook. A key pillar of our investment thesis in Corning is the growing use of fiber-optics technology in the data ...
Shares of optics maker Corning are tumbling Thursday, likely in response to comments from well-respected Broadcom CEO Hock Tan on the chipmaker's earnings call the prior evening. But the market reaction seems like a clear-cut overreaction based on Corning's own guidance and industry outlook. A key pillar of our investment thesis in Corning is the growing use of fiber-optics technology in the data center, ultimately replacing copper as a means to transmit data. On Wednesday night, Tan weighed in on this transition and his commitment to copper in a specific use case appears to what's driving the decline in fellow Club name Corning. Before digging into Tan's comments, let's first define some key terms used when discussing the construction of data centers and, in particular, networking together all the various parts to deliver fast, reliable AI computing. These terms are "scale-up" and "scale-out." Scale-up refers to the connections within a single server rack — essentially those filing-cabinet looking structures containing a bunch of computing components. With scale-up, we're talking about connecting various chips together so they operate as one giant chip. Because this is about connections within a single rack, the distance between connections are very short. Scale-out, on the other hand, refers to the connections made between racks throughout the data center. There are rows upon rows of server racks in AI data centers. With scale-out, we're talking much larger distances between end points. That means the data has more ground to cover. Now, back to the Broadcom call . When discussing Broadcom's networking roadmap during his prepared remarks, Tan said Broadcom's customers would likely continue to "stay on direct-attached copper" until at least 2028. Then, during the question-and-answer portion of the call, Tan was asked to elaborate on that copper comment. In response, Tan said he was referring only to scale-up solutions on the 2028 timeline. He noted that for scale-ou...