Shares of computer technology outfit Micron Technology (NASDAQ: MU) are up more than 15% midday Thursday following Wednesday evening's release of its fiscal fourth-quarter results. The stock's biggest single-day gain in over a decade, however, mostly stems from its bullish guidance for the quarter currently underway. Micron firing on all cylinders Micron Technology turned $7.75 billion worth of re...
Shares of computer technology outfit Micron Technology (NASDAQ: MU) are up more than 15% midday Thursday following Wednesday evening's release of its fiscal fourth-quarter results. The stock's biggest single-day gain in over a decade, however, mostly stems from its bullish guidance for the quarter currently underway. Micron firing on all cylinders Micron Technology turned $7.75 billion worth of revenue into per-share operating earnings of $1.18 during the three-month stretch ending in late August. Both are well up from year-ago comparisons of a top line of $4.01 billion and a per-share loss of $1.07, although keep in mind the environment a year earlier was (very) cyclically weak. Perhaps more important, both of last quarter's numbers topped analyst expectations of $7.65 billion in sales and profits of $1.11 per share. Continued demand for its high-bandwidth memory chips used in artificial intelligence (AI) computing platforms gets most of the credit for the strong showing. This strength isn't expected to abate in the immediate future either. Micron's revenue guidance for the first quarter of fiscal 2025 now underway is $8.7 billion at the midpoint of the suggested range, versus analysts' consensus of only $8.27 billion. The company's also anticipating per-share earnings of $1.74 -- give or take $0.08 -- while analysts had been modeling an average of $1.52 per share. CEO Sanjay Mehrotra went on to say in Wednesday's fiscal Q4 press release, "We forecast record revenue in fiscal Q1 and a substantial revenue record with significantly improved profitability in fiscal 2025." Value outweighs the volatility The bullish response to the unexpectedly pleasant surprise is impressive, but also intimidating. See, it's not often a stock jumps 15% in a single session and then tacks on more immediate gains. And in this case, Thursday's surge has carried Micron shares to more than 30% above its early September low. The sheer scope of such a move combined with the gap left behind by ...
Wachiwit Netflix ( NFLX ) director Reed Hastings offloaded a stake worth nearly $40 million this week, with CFO Adam Neumann also selling a sizeable stake. Hastings let go of 410,550 shares in the price range of $96.05 to $97.59 for a total transaction value of $39.89M. On the same day, Hastings exercised options to purchase 410,550 shares of Netflix common stock at $9.667 per share, totaling $3.9...
Wachiwit Netflix ( NFLX ) director Reed Hastings offloaded a stake worth nearly $40 million this week, with CFO Adam Neumann also selling a sizeable stake. Hastings let go of 410,550 shares in the price range of $96.05 to $97.59 for a total transaction value of $39.89M. On the same day, Hastings exercised options to purchase 410,550 shares of Netflix common stock at $9.667 per share, totaling $3.97M. Following the transaction, he holds 21.16M shares of the company. This is the billionaire’s first transaction since February 3, when he sold a stake worth $32.70M. It comes at a time when Netflix’s share value has been soaring. In the past week, the stock has gained over 18% compared to a nearly 2% fall in the broader markets. Meanwhile, the company’s CFO also divested holdings worth $8.25M in the company. Both transactions were executed pursuant to a Rule 10b5-1 trading plan, which allows key shareholders to pre-schedule the sale of a set number of shares at a fixed time and price to prevent insider trading concerns. More on Netflix Netflix: Moving Along On Its Own The Long Netflix, Short Paramount Trade: Sounds Great, Trades Terribly Netflix: The Pullback Creates A Great Entry Point Netflix adds more capabilities to its advertising platform FCC signals it's unlikely to block Paramount-Warner Bros. deal - FT
filo/iStock via Getty Images As military tensions escalate, investors are confronting sharp swings in commodities, currencies and global equities. Christian Medeiros, VP and Portfolio Manager for Asset Allocation with TD Asset Management, joins MoneyTalk to discuss how diversification and a long-term strategy can help mitigate risk in an era of uncertainty. Transcript Anthony Okolie: Well, markets...
filo/iStock via Getty Images As military tensions escalate, investors are confronting sharp swings in commodities, currencies and global equities. Christian Medeiros, VP and Portfolio Manager for Asset Allocation with TD Asset Management, joins MoneyTalk to discuss how diversification and a long-term strategy can help mitigate risk in an era of uncertainty. Transcript Anthony Okolie: Well, markets are sharply lower today amid worries of a prolonged conflict in the Middle East. But how should investors be approaching asset allocation with all this uncertainty? Joining us now to discuss is Christian Medeiros, vice president and portfolio manager for asset allocation with TD Asset Management. Chris, welcome back to the show once again. Given all this volatility, we're glad to have you on the show. Christian Medeiros: Thanks, Anthony. Anthony Okolie: Alright. So, from an investing standpoint, investing lens, what are the potential scenarios that might play out in the Middle East given all this volatility? Christian Medeiros: Yeah, I think it'd be helpful to think through three main scenarios. The first scenario would be a fairly quick de-escalation, where we'd see ceasefire negotiation and a seizure of hostilities within the region. That would result in risk premiums falling, energy markets being more tame, and a return to strong fundamentals within markets. The second scenario, which would be more negative, would be a prolonged escalatory period where hostilities continue for not just days but weeks, and where threats from Iranian strikes, whether it be drones or missiles on the Gulf, results in prolonged disruptions, which would result in higher insurance premiums and disruptions to the energy market there, which constitutes 20% of global throughput for oil markets. And that would then have knock-on effects to inflation and the path for policy globally. The third scenario would be instability within Iran. That could lead to a whole range of different outcomes, includi...
Shawn Edwards, Chief Technology Officer at Bloomberg speaks about building trustworthy artificial intelligence into the Terminal and its financial solutions at Bloomberg Invest 2026 in New York. (Source: Bloomberg)
Shawn Edwards, Chief Technology Officer at Bloomberg speaks about building trustworthy artificial intelligence into the Terminal and its financial solutions at Bloomberg Invest 2026 in New York. (Source: Bloomberg)
HPS Founding Partner & CEO, Scott Kapnick discusses the next wave of private credit and future growth under BlackRock with Bloomberg’s Dani Burger at Bloomberg Invest 2026 in New York. (Source: Bloomberg)
HPS Founding Partner & CEO, Scott Kapnick discusses the next wave of private credit and future growth under BlackRock with Bloomberg’s Dani Burger at Bloomberg Invest 2026 in New York. (Source: Bloomberg)
Galeanu Mihai/iStock via Getty Images By Kevin Flanagan In a post-Liberation Day environment, discussion has centered on the concept of “Selling America.” According to an AI definition, this refers to investors reducing exposure to U.S. financial assets due to geopolitical uncertainty and policy concerns under the Trump administration. Prior to the U.S./Israeli strikes on Iran, the dollar had depr...
Galeanu Mihai/iStock via Getty Images By Kevin Flanagan In a post-Liberation Day environment, discussion has centered on the concept of “Selling America.” According to an AI definition, this refers to investors reducing exposure to U.S. financial assets due to geopolitical uncertainty and policy concerns under the Trump administration. Prior to the U.S./Israeli strikes on Iran, the dollar had depreciated. Meanwhile, until the recent credit-related anxieties, the U.S. stock market was making new highs. For this blog, I wanted to focus on the bond market side of the equation, and what we have witnessed through the end of 2025 is that foreign investors were still buying U.S. Treasuries (UST). Each month, the Treasury Department releases its Treasury International Capital (TIC) report. One highlight is the data on major foreign holders of UST securities. Figure 1: Major Foreign Holders of Treasury Securities Source: U.S. Treasury Department, as of March 2, 2026. Country/Regional Breakdown When analyzing the data from a country/regional perspective, one of the major focuses is on China’s holdings of Treasuries, for obvious reasons. To provide some perspective, China’s peak holdings actually occurred in 2013 at a little over $1.3 trillion and began to more steadily erode after the 2017/2018 period. In fact, by the end of 2025, the figure had been essentially cut in half from the aforementioned peak to about $684 billion. However, when one is observing China’s holdings, one needs to also consider Belgium holdings of Treasuries. This is due to the fact that Belgium serves as a custodial hub for China’s assets. Interestingly, since the end of 2017, Belgium’s UST holdings have quadrupled to $477 billion by the end of last year, or just shy of the November 2025 record of $481 billion. Combining the December 2025 tallies for China and Belgium brings the total to $1.16 trillion - little changed from the end of 2017. Japan, as a singular country, remains in the number one spot at...
sefa ozel/iStock via Getty Images Introduction The last time I covered Vitesse Energy ( VTS ) I highlighted the significant discrepancy in fair value, with solid cash flow, inventory and financials, while reiterating the need for a dividend cut to bring it to sustainable levels. With the cut now becoming reality and an even more attractive valuation despite potential to see improvements from the m...
sefa ozel/iStock via Getty Images Introduction The last time I covered Vitesse Energy ( VTS ) I highlighted the significant discrepancy in fair value, with solid cash flow, inventory and financials, while reiterating the need for a dividend cut to bring it to sustainable levels. With the cut now becoming reality and an even more attractive valuation despite potential to see improvements from the macro environment, I am upgrading VTS to a Strong Buy, recently placing an order to open a position. Internal Developments Vitesse Energy IR VTS’s Q4 report disappointed the market, missing on the EPS and revenue estimates and continuing the crash caused by the dividend cut that I’ll mention in a bit, with the free cash flow reaching $42.69 million in 2025 (includes the working capital changes), an increase compared to previous years despite the jump in CAPEX. This represents a FCF of $1.08, $1.21 and $0.72 per share for 2025, 2024 and 2023, respectively, which is not a bad performance given the price of oil and jump in CAPEX. They also announced the accretive all-stock acquisition of non-operated assets in the Powder River Basin of Wyoming for $35 million, while the Iran situation allowed them to hedge the acquisition above their underwritten prices, adding some extra value while estimating it to add $9.2 million in FCF in 2026, expected to close in Q2 this year. As expected, the company’s dividend was cut by about 22% to $0.4375 per quarter, or about 9% per year from the current levels, representing roughly $72.36 million per year following the acquisition (accounting for the extra shares), which should be very sustainable now based on 2026’s estimated cash flow (see the Valuation segment below). This was the right thing to do, allowing the company to adapt to the environment without having to sacrifice their balance sheet just to pay a high yield, while this 9% remains massive anyway. The company’s CEO also said the following during their Q4 release : This positions us to...
DesignRage/iStock via Getty Images Last week, something happened that I was not expecting to happen. Back in early December of 2025, when news was circulating that Warner Bros. Discovery ( WBD ) was getting close to choosing a buyer for its operations, I predicted that it was all but certain that Netflix ( NFLX ) would prevail. The other two leading bidders at that time were none other than Comcas...
DesignRage/iStock via Getty Images Last week, something happened that I was not expecting to happen. Back in early December of 2025, when news was circulating that Warner Bros. Discovery ( WBD ) was getting close to choosing a buyer for its operations, I predicted that it was all but certain that Netflix ( NFLX ) would prevail. The other two leading bidders at that time were none other than Comcast Corporation ( CMCSA ) and Paramount Skydance ( PSKY ). But for different reasons, I viewed a combination involving those prospects as unlikely. In particular, I remember that while Paramount Skydance would strategically make the most sense because of its intention to absorb all of Warner Bros. Discovery, its ability to make a transaction of that size happen looked limited. By comparison, Netflix was a much more logical choice based on financial capability alone. After all, such a purchase, though certainly still large, would have been entirely achievable by the streaming giant. Shortly after that, my prediction turned out to be right. Netflix was announced as the winner of the bid process, even though Paramount Skydance said that it had offered more. In another article, published in January of this year, I talked more about what the future looked like for the combined business. But after Paramount Skydance came out with an even better offer than it had provided previously, the picture changed entirely. You see, the final purchase price agreed upon between Netflix and Warner Bros. Discovery saw Netflix agreeing to pay $27.75 per share in cash for Warner Bros. Discovery. This agreement was later amended to also include proceeds from the spin-off of some of the assets that Warner Bros. Discovery owned that it called Discovery Global. But even after all of that was factored in, Paramount Skydance persisted, ultimately agreeing to buy Warner Bros. Discovery in an all cash deal valued at $31 per share. This is most certainly an interesting transaction. And it is only possible t...
Temasek Holdings CEO, Dilhan Pillay Sandrasegara discusses his global investment view and where the fund in deploying capital across private and public markets. He spoke with Bloomberg’s Lisa Abramowicz at Bloomberg Invest 2026 in New York. (Source: Bloomberg)
Temasek Holdings CEO, Dilhan Pillay Sandrasegara discusses his global investment view and where the fund in deploying capital across private and public markets. He spoke with Bloomberg’s Lisa Abramowicz at Bloomberg Invest 2026 in New York. (Source: Bloomberg)
From butch alter egos to radical images of motherhood, the photographer rises to the challenge of capturing her community in imposing and glorious style Catherine Opie has done for butches what Hans Holbein the Younger did for the Tudor nobility. Since she graduated in the late 1980s, amid the Aids crisis, Opie has made portraits of her community, friends and family, adopting unflinching realism, ...
From butch alter egos to radical images of motherhood, the photographer rises to the challenge of capturing her community in imposing and glorious style Catherine Opie has done for butches what Hans Holbein the Younger did for the Tudor nobility. Since she graduated in the late 1980s, amid the Aids crisis, Opie has made portraits of her community, friends and family, adopting unflinching realism, saturated colours, and dramatic tonal contrasts from the 16th-century portrait painters. Many of Opie’s most famous portraits – included in her new exhibition at the National Portrait Gallery – use these devices deliberately, a declaration that these people deserve, as the title of the show underlines, to be seen. Opie has always been interested in construction – how we can be transformed by costume, posture, pose, role-play. This show is a testament to that, and her love of tattoos, piercings and body modifications (she does live in LA, after all). She’s especially drawn to the performance and presentation of masculinity – in the 1991 series Being and Having, one of the earliest bodies of work in the show and still one of Opie’s best known. She has 13 lesbian friends dress up as their masculine alter egos – Opie also appears as her own, Bo. They don a range of fake moustaches and are photographed close, so their faces fill the frame against an egg-yolk yellow background, the glue attaching the hair to their faces clearly visible. Their nicknames are engraved into name tags, like they’re trophies. Continue reading...
tanit boonruen/iStock via Getty Images Expeditors ( EXPD ) may have one of those rare double moats. They are mostly known for their big "network effect" moat, where they aggregate thousands of shippers and then negotiate bulk space for them from ocean and air carriers. Less visible is the second moat, which derives from a quite unusual compensation program. As per their policy, employees with the ...
tanit boonruen/iStock via Getty Images Expeditors ( EXPD ) may have one of those rare double moats. They are mostly known for their big "network effect" moat, where they aggregate thousands of shippers and then negotiate bulk space for them from ocean and air carriers. Less visible is the second moat, which derives from a quite unusual compensation program. As per their policy, employees with the ability to impact results share in a bonus pool sized to match growth in operating income. This makes all of them, otherwise earning below market wages, very well aligned. For a more in-depth description of this moat, please see a prior write-up here . Evidence of the moat(s) shows up, as expected, in a very high ROE, which has been sustained through time. Such ROE is not helped but held back by high average cash balances of over $1 billion and no debt. This has allowed the company to increase their dividend for 29 straight years and yet remain at a payout ratio of around 25%. Retiring nearly half the shares also helps in keeping the payout ratio low. Data by YCharts Data by YCharts If those prior two charts above don’t raise your pulse, then perhaps you have done very well with Palantir or some other AI darling - good for you. It is hard to remain focused on great performers outside the current boom, but the rewards inevitably come in due time - that is how compounding works. I read recently that SpaceX may seek a $1.75 trillion (with a “T”) valuation at IPO. Those numbers make the $20 billion (with a “B”) valuation on Expeditors seem trivial. And it is, in a relative sense, but that does not diminish the return potential for long-term holders at all. What counts, in the long term, is how much return we get on our capital and for how long those returns last. The second part of that equation is increasingly relevant these days. Most of us read or at least heard about the thought-experiment note from Citrini Research last month. It envisions a world two years from now where ...
Satellite imagery shows strike that destroyed Iranian school was more extensive than first reported Loading... The bombing of an Iranian elementary school that killed 165 people included more targets near the school than has been initially reported, a review of commercial satellite imagery by NPR has found. The images suggest that the school was hit on Saturday as part of a precision airstrike on ...
Satellite imagery shows strike that destroyed Iranian school was more extensive than first reported Loading... The bombing of an Iranian elementary school that killed 165 people included more targets near the school than has been initially reported, a review of commercial satellite imagery by NPR has found. The images suggest that the school was hit on Saturday as part of a precision airstrike on a neighboring Iranian military complex — and that it may have been struck as a result of outdated targeting information. The new images come from the company Planet and are of the city of Minab, located in southeastern Iran. They show that a health clinic and other buildings near the school were also struck. The images are low-resolution, but three independent experts confirmed NPR's analysis of the additional strike points. Despite the fuzzy, three-meter-per-pixel satellite imagery, the strike points "look like pretty clean detonation centroids," said Corey Scher, a postdoctoral researcher at the Conflict Ecology Laboratory at Oregon State University. "These certainly appear like detonation sites," agreed Scher's colleague, Oregon State associate professor Jamon Van Den Hoek. Jeffrey Lewis, a professor at Middlebury College who specializes in satellite imagery, said the imagery was consistent with a precision airstrike. The images show "very precise targeting" Lewis told NPR. "Almost all the buildings [in the compound] are hit." Sponsor Message Iranian state media said more than 165 people died in the bombing, which struck a girls' school. The school was located within less than 100 yards of the perimeter of an Islamic Revolutionary Guard Corps Naval base, according to satellite images and publicly available information. The clinic was also located within the base perimeter, although both facilities had been walled off from the base. Israel has denied involvement. "We are not aware at the moment of any IDF operation in that area," Israel Defense Forces spokesperson Nadav S...
Key Points Take-Two has seen valuation pullbacks in conjunction with AI fears and other factors. The launch of "Grand Theft Auto VI" this year is set to be a turning point for the company, and the stock's outlook over the next five years is promising. 10 stocks we like better than Take-Two Interactive Software › Take-Two Interactive Software (NASDAQ: TTWO) stock has been under pressure recently. T...
Key Points Take-Two has seen valuation pullbacks in conjunction with AI fears and other factors. The launch of "Grand Theft Auto VI" this year is set to be a turning point for the company, and the stock's outlook over the next five years is promising. 10 stocks we like better than Take-Two Interactive Software › Take-Two Interactive Software (NASDAQ: TTWO) stock has been under pressure recently. The video game publisher, which is known for franchises including Grand Theft Auto (GTA), Red Dead Redemption, and NBA 2K, has seen pullbacks in conjunction with valuation contractions across the broader software industry. The stock also saw big pullbacks on news that the release of Grand Theft Auto VI had been delayed to November of this year and Alphabet's unveiling of a new artificial intelligence (AI) tools for video game and 3D content creation. Take-Two stock has slid 17% across 2026's trading and is down 19% from the valuation peak it hit last year. As of this writing, the company's share price has climbed just 15% over the last five years. Meanwhile, the S&P 500 is up 80.5% across the stretch, and the Nasdaq Composite has risen 72%. Can the gaming publisher beat the market over the next five years, or is it on track to continue being an underperformer? 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 » 2026 is set to be a make-or-break year for Take-Two After a series of delays, the long-awaited Grand Theft Auto VI is now seemingly locked in for a Nov. 19 release date. While strong performance for the game is already priced in to the stock, the title will almost certainly be a massive hit. Grand Theft Auto V, which initially released in 2013, currently stands as the most profitable entertainment release. The game has shipped more than 225 million copies worldwide and generated billions in revenue from...
A structural convergence between advanced and developing economies is creating “significant” opportunities in emerging markets even as escalating tensions in the Middle East unsettle global investors, according to DoubleLine’s Bill Campbell . Developing-world markets may be on the cusp of a “virtuous feedback loop,” should the dollar resume its slide and central banks continue rate cuts, said Camp...
A structural convergence between advanced and developing economies is creating “significant” opportunities in emerging markets even as escalating tensions in the Middle East unsettle global investors, according to DoubleLine’s Bill Campbell . Developing-world markets may be on the cusp of a “virtuous feedback loop,” should the dollar resume its slide and central banks continue rate cuts, said Campbell, who oversees the global sovereign debt team at Jeffrey Gundlach ’s firm. “EM local fixed income presents several sources of value,” he wrote in a note. Those opportunities should come as “welcome relief to global investors who find DM financial assets at stretched valuations.” The resilience of emerging markets is being put to the test this week as the dollar surged, along with oil, on escalating conflict in the Middle East after US-Israeli attacks on Iran over the weekend. The bout of risk aversion, which eased in many markets on Wednesday, had sent currencies from South Korea to Chile tanking, with benchmark gauges of developing world FX and stocks posting their worst day in years. Still, those developments are more likely to influence near-term price actions than alter longer-term structural themes, Campbell said. DoubleLine’s strategies have minimal direct exposure to the Middle East and the firm has set up portfolios to be slightly less sensitive to interest-rate changes than the benchmark, he added. The note follows Campbell’s previous warning about a “brewing collision” in some developed economies, where rising fiscal costs, weak growth prospects and mounting social pressures threaten to create a “vicious loop.” Read More: DoubleLine Warns of ‘Brewing Collision’ for Developed Economies By contrast, many emerging economies are better positioned on inflation and fiscal policy, and poised to deliver stronger growth into 2026, he wrote. Governments in several large developing nations have built more diversified domestic economies, broadened their investor bases and...
In this video, I will cover the recent updates regarding SoFi (NASDAQ: SOFI) . Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of March. 3, 2026. The video was published on March. 3, 2026. Continue reading
In this video, I will cover the recent updates regarding SoFi (NASDAQ: SOFI) . Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of March. 3, 2026. The video was published on March. 3, 2026. Continue reading
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
The war in the Middle East is thousands of miles away, but gyrations in financial markets and surging energy prices threaten a new cost of living crisis in the UK. Here’s how it could affect your finances. Will it affect interest rates and my mortgage? Britons benefited from cheaper home loans in recent months after the Bank of England cut interest rates four times in 2025 to bring the base rate d...
The war in the Middle East is thousands of miles away, but gyrations in financial markets and surging energy prices threaten a new cost of living crisis in the UK. Here’s how it could affect your finances. Will it affect interest rates and my mortgage? Britons benefited from cheaper home loans in recent months after the Bank of England cut interest rates four times in 2025 to bring the base rate down to 3.75%. But that could be about to change. Until Friday, the chance of another rate cut this month had been 80%. Now it is less than 30%, with traders now expecting just one cut by the end of the year – down from two last week. If the current spike in energy costs were to last for a year, interest rates could climb to 4.5%, according to the National Institute of Economic and Social Research. The thinktank modelled the impact of oil and gas prices increasing by 30% and 50% respectively over one year. This would stoke inflation in 2026 and into 2027 and propel the base rate to 4.5%, it said. (This is based on rates staying at 3.75% rather than falling as expected this year.) The pricing of fixed-rate mortgage deals is largely dictated by money market swap rates, which are at 30-day highs in response to the conflict. Two-year swaps had risen 26 basis points (0.26% percentage points) from 3.33% on Friday to 3.59% on Wednesday morning. Five-year swaps are up 21bps to 3.71% on the same basis, according to data firm Moneyfacts. Adam French, its head of consumer finance, said the financial turmoil had led to a rapid shift in interest rate expectations with the impact on the mortgage market “almost instantaneous. Some lenders have already paused or reconsidered planned rate reductions.” What about my energy bill? Just last week, there was cause for celebration after the energy regulator, Ofgem, said its price cap would fall 7% from April to the equivalent of £1,641 for a typical annual dual-fuel household. Analysts had expected energy costs to remain stable for the rest of the...
WD Corp. , facing an industrywide surge in demand for data storage, is focused on producing higher-capacity hard drives, rather than simply building more units. “We don’t need to increase unit capacity — what we’re doing is to use technology to increase the capacity for drives,” Chief Executive Officer Irving Tan said Wednesday on Bloomberg Tech . The company, formerly known as Western Digital, ha...
WD Corp. , facing an industrywide surge in demand for data storage, is focused on producing higher-capacity hard drives, rather than simply building more units. “We don’t need to increase unit capacity — what we’re doing is to use technology to increase the capacity for drives,” Chief Executive Officer Irving Tan said Wednesday on Bloomberg Tech . The company, formerly known as Western Digital, has benefited from shortages of disk-drive storage, driven in part by the explosive growth of AI data centers. WD has said that it’s effectively sold out of hard drives for 2026. WD and Seagate Technology Holdings Plc dominate the market for hard drives, which provide long-term storage for servers and personal computers. The frenzy of storage demand has sent WD shares up 57% this year — following a 282% gain in 2025 — with investors seeing the company as a key beneficiary of the artificial intelligence build-out. The stock gained as much as 8.8% to $272.76 on Wednesday. During the Bloomberg Tech interview, Tan said that video was also fueling the storage appetite. “Video’s going to be a big driver of storage,” he said. “That’s giving us a lot more confidence in terms of the demand.” Tan added that the supply-chain risk from the current Middle Eastern conflict was low. “We’re keeping a close watch on it,” he said. “None of our employees in that region are impacted, and there’s no material impact to our business.”
Veronique D Takeda Pharmaceutical ( TAK ) plans to lay off 400 employees in the US to boost profitability. The Japanese pharma aims to make the change ahead of a planned CEO in June, Nikkei reported. The Japanese newspaper noted that Takeda plans investments in "blood products and other priority areas." More on Takeda Pharmaceutical Takeda Tests New Highs, But Struggles To Find Entyvio Successor T...
Veronique D Takeda Pharmaceutical ( TAK ) plans to lay off 400 employees in the US to boost profitability. The Japanese pharma aims to make the change ahead of a planned CEO in June, Nikkei reported. The Japanese newspaper noted that Takeda plans investments in "blood products and other priority areas." More on Takeda Pharmaceutical Takeda Tests New Highs, But Struggles To Find Entyvio Successor Takeda Pharmaceutical Company Limited (TAK) Q3 FY2025 Earnings Call Transcript Takeda Pharmaceutical Company Limited (TAK) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Takeda, Iambic ink AI drug discovery deal worth more than $1.7B Alvotech higher on positive data backing biosimilar to Takeda’s Entyvio
KKR & Co. Co-Chief Executive Officer Scott Nuttall said the firm is making its shopping list as it looks for opportunities to capitalize on current market volatility, but cautioned it’s not quite time to move. “It’s all about being ready,” Nuttall said in a live taping of Bloomberg Deals at the Bloomberg Invest conference Wednesday in New York. “You’ve got to create your shopping lists. That’s wha...
KKR & Co. Co-Chief Executive Officer Scott Nuttall said the firm is making its shopping list as it looks for opportunities to capitalize on current market volatility, but cautioned it’s not quite time to move. “It’s all about being ready,” Nuttall said in a live taping of Bloomberg Deals at the Bloomberg Invest conference Wednesday in New York. “You’ve got to create your shopping lists. That’s what we’re focused on.” Many investors have “PTSD from the financial crisis” and are trying to figure out what the next downfall is for markets, but KKR isn’t seeing the conditions for that so far, Nuttall said. The firm is focused on making investments on a 10- or 15-year time horizon, he added. “We’re very calm. I think we’re actually enjoying this period,” Nuttall said, referring to the market volatility stemming from credit concerns, trade fears and war. Read More: Private Market Titans Warn of Pain as Credit Cracks Widen Nuttall sees some consolidation emerging in the alternative asset management business. Some firms won’t be around and some will do the “apology tour,” but it’s far too early to tell how that breaks down, he said. “We’re headed toward a K-shaped industry, where you’re going to see a bunch of winners and some folks that have more lessons that they have to learn as they come out of this period,” Nuttall said. He sees more “BlackRock-type acquisitions” of alternative players and perhaps smaller firms getting together to create companies with more asset diversity. The big will continue to get bigger, he said. KKR struck a deal earlier this year to acquire sports and secondaries investment firm Arctos Partners. That deal worked for KKR because of the cultural fit and because it puts KKR into two asset classes where it didn’t already have a presence, he said. Previously: KKR Sees Arctos as Linchpin for Building a $100 Billion Business
Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. Tierney L. Cross | Bloomberg | Getty Images President Donald Trump on Wednesday officially nominated Kevin Warsh to be the next chairman of the Federal Reserve . Warsh, if confirmed by the Senat...
Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. Tierney L. Cross | Bloomberg | Getty Images President Donald Trump on Wednesday officially nominated Kevin Warsh to be the next chairman of the Federal Reserve . Warsh, if confirmed by the Senate, would replace Fed Chairman Jerome Powell , for a four-year term. Trump's nomination was transmitted to the Senate, the White House said in a statement posted online on Wednesday. That transmittal came more than a month after Trump first publicly announced he wanted Warsh as the Fed chairman . Sen. Thom Tillis , a North Carolina Republican, has said he would block Warsh's nomination from proceeding in the Senate until a federal criminal investigation of Powell by the U.S. Attorney's Office in Washington, D.C., is dropped. Read more CNBC politics coverage Iran war live updates: U.S. closes embassies in Saudi Arabia, Kuwait Five races to watch on the day the 2026 midterm elections kick off ‘Mistakes were made,’ Grassley tells Noem about Trump’s immigration crackdown Tillis' stance could prevent the nomination from being considered by the full Senate. Powell said in mid-January that he was under investigation in connection with the $2.5 billion renovation of the Federal Reserve's headquarters in Washington, and his testimony about that project to the Senate. The chair also said that "the threat of criminal charges" against him is directly due to him and other Fed governors refusing to bow to Trump and his demands that they cut interest rates more quickly than the president has demanded. Last summer, Trump tried to fire Fed Governo r Lisa Cook , who sided with Powell on interest rate decisions. Trump, at the time, cited an allegation by a housing official he had picked that Cook had committed mortgage fraud, but his move to terminate her was seen as motivated by his ire over ...