Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Austin Carr reports on Elon Musk’s testimony in his lawsuit to block OpenAI’s transition to a for-profit company. Tech Across the Globe Meta invests in robots: The social media company acquired Assured Robot Intelligence, a startup developing AI models for robots. Read wh...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Austin Carr reports on Elon Musk’s testimony in his lawsuit to block OpenAI’s transition to a for-profit company. Tech Across the Globe Meta invests in robots: The social media company acquired Assured Robot Intelligence, a startup developing AI models for robots. Read why Meta made the deal . GameStop’s gambit: The games retailer announced an audacious $56 billion bid for eBay. Ryan Cohen would become CEO of a combined entity, promising $2 billion in savings within first year. The idea was met with skepticism. The Pentagon gets AI: The US Defense Department struck agreements with more tech companies for expanded use of advanced AI tools on classified military networks. See which companies are participating . Revalued AI chipmaker Cerebras is targeting a valuation of about $40 billion in its initial public offering, a jump from a February fundraising round that valued the startup at $23 billion. The company, which plans to begin formally marketing the IPO as soon as Monday, may be seeking to raise as much as $4 billion in the share sale. Risky business Across hours of trial testimony last week in his contentious lawsuit against OpenAI , Elon Musk sought to make one thing starkly clear: The fate of humanity is ultimately at stake in this court case. Musk, who is fighting to unwind OpenAI’s transition from a nonprofit to a profit-driven business, has repeatedly warned jurors of the existential risks that artificial intelligence poses in the wrong hands. He stressed that the world needs to avoid a “ Terminator situation ,” referencing the Arnold Schwarzenegger classic. “If you’ve seen the movie, it’s not a good situation.” Musk said. “Worst case situation would be that AI kills us all, I suppose.” Of course, there’s just one tiny hiccup in implying a for-profit AI company may represent a greater danger to society: Musk happens to be running on...
US stock futures saw volatile early Monday trading with news reports of Iranian missiles hitting a US Navy ship. While those reports cited IRGC-aligned Fars News Agency , a senior US official said that a ship was not hit by Iranian missiles, according to Axios, which helped futures erase some of the earlier losses. S&P 500 futures were down 0.2% as of 6:40 a.m. in New York. Nasdaq 100 contracts we...
US stock futures saw volatile early Monday trading with news reports of Iranian missiles hitting a US Navy ship. While those reports cited IRGC-aligned Fars News Agency , a senior US official said that a ship was not hit by Iranian missiles, according to Axios, which helped futures erase some of the earlier losses. S&P 500 futures were down 0.2% as of 6:40 a.m. in New York. Nasdaq 100 contracts were little changed. West Texas Intermediate crude climbed around 3% to about $105 per barrel. On Friday, the S&P 500 had extended a record-breaking streak to mark a fifth week of gains after a slew of solid earnings reports. Oil had also dropped on hopes that the US and Iran were getting closer to a ceasefire agreement. Pre-market gainers on Monday included eBay Inc. , which added 10% after a bold $56 billion cash and stock offer from GameStop Corp. Palantir Technologies Inc ., which is expected to post a 74% increase in revenue year-over-over when it reports after the bell, rose 2.1% . First-quarter earnings season is so far delivering better-than-expected results , with the proportion of companies missing analysts’ estimates hovering at the lowest level since 2021. “Earnings expanded in all 11 sectors,” adding 11.9% at the index level, Seaport Chief Equity Strategist Jonathan Golub wrote in a Monday note. Growth beat value, while the top four stock contributors in April were Alphabet Inc, Nvidia Corp., Amazon.com Inc. and Broadcom Inc., which added 488 basis points to S&P 500 returns, he said.
Toyota provided flights from Albany, New York, to Tokyo and accommodation so Ars could visit Woven City. Ars does not accept paid editorial content. At the Consumer Electronics Show in 2020, Toyota CEO Akio Toyoda pledged to build a city of the future, a place where researchers, engineers, and scientists could live and work together. It was framed as the start of a transformation for the world's l...
Toyota provided flights from Albany, New York, to Tokyo and accommodation so Ars could visit Woven City. Ars does not accept paid editorial content. At the Consumer Electronics Show in 2020, Toyota CEO Akio Toyoda pledged to build a city of the future, a place where researchers, engineers, and scientists could live and work together. It was framed as the start of a transformation for the world's largest car company, moving it toward becoming a fully fledged mobility company. Six months ago, after Toyota spent an estimated $10 billion to build an urban paradise atop a disused factory, the first residents moved in. One-hundred handpicked "Weavers," residents chosen to boost the tech cred of the sensor-laden mini-metropolis, began settling in. Last week, I got a chance to check it out. Here's what I learned while wandering the streets of Toyota's vision of the future. Read full article Comments
Wu Yize takes 10-7 overnight lead into second day Day one report | Follow us on Bluesky | Mail Daniel Human beings are born with hope – we all have ambitions and desires when we’re young, then life and reality coach them out of us. So on the odd occasion we come across someone with the talent and drive, ego and discipline to withstand the onslaught, it’s moving: they’re not just fulfilling themsel...
Wu Yize takes 10-7 overnight lead into second day Day one report | Follow us on Bluesky | Mail Daniel Human beings are born with hope – we all have ambitions and desires when we’re young, then life and reality coach them out of us. So on the odd occasion we come across someone with the talent and drive, ego and discipline to withstand the onslaught, it’s moving: they’re not just fulfilling themselves but us, our pain and desperation converted into tranquility and joy. In that sense, sport is one of the more worthy activities we can pursue, teaching us to celebrate others with full hearts – to see our species as one – which, in these divided times, means a lot. The snooker won’t heal us, but goodness me, it’s up there with the best we have to offer ourselves by way of comfort. Continue reading...
Jean-Jacques Ngambo Ndala given final first leg by Caf He was in charge when Senegal left pitch in Morocco The referee who oversaw of January’s chaotic Africa Cup of Nations final during which Senegal walked off has been listed to take charge of this month’s African Champions League final. Jean-Jacques Ngambo Ndala, who is from the Democratic Republic of the Congo, is due to referee the first leg ...
Jean-Jacques Ngambo Ndala given final first leg by Caf He was in charge when Senegal left pitch in Morocco The referee who oversaw of January’s chaotic Africa Cup of Nations final during which Senegal walked off has been listed to take charge of this month’s African Champions League final. Jean-Jacques Ngambo Ndala, who is from the Democratic Republic of the Congo, is due to referee the first leg of the final between South Africa’s Mamelodi Sundowns and the Moroccan club AS Far in Tshwane/Pretoria on 17 May. Continue reading...
We have Palantir, Advanced Micro Devices, Coinbase, Coreweave, Arista Networks, Arm Holdings, Shopify and Uber Technologies all reporting in what shapes as a busy and pivotal week for stocks.
We have Palantir, Advanced Micro Devices, Coinbase, Coreweave, Arista Networks, Arm Holdings, Shopify and Uber Technologies all reporting in what shapes as a busy and pivotal week for stocks.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Graeme Sloan | Bloomberg | Getty Images Most people don't know and don't have much reason to care what a currency swap line is, except that the financial instrument could soon hel...
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Graeme Sloan | Bloomberg | Getty Images Most people don't know and don't have much reason to care what a currency swap line is, except that the financial instrument could soon help markets understand what Federal Reserve Chair nominee Kevin Warsh 's unique ideas about Fed independence really mean. Warsh has said categorically the Fed should be "strictly independent" in the making of monetary policy. But he adds that he's willing to work with Congress and the Trump administration on "non-monetary matters." In answers to senators' questions following his April 21 confirmation hearing , he elaborated: "Fed officials are not entitled to the same special deference in areas affecting international finance, among other matters." Warsh has also talked often about a new "Fed/Treasury accord" that he's suggested could govern the Fed's balance sheet , though in ways he has yet to detail. To six former Fed officials interviewed for this article, those comments were unclear or confusing at best. When it comes to Fed independence, they found his analysis worrisome at worst. The outcomes could be benign, tinkering around the edges of existing conventions, or more concerning limitations to the Fed's ability to use its balance sheet in a crisis. Because of the lack of clarity in Warsh's comments, none of the former officials who spoke with CNBC were ready yet to draw conclusions either way. Read more CNBC politics coverage Pirro reveals new Trump attack evidence; Cole Allen challenges 'suicide precautions' Bard President Botstein retiring after Jeffrey Epstein ties detailed Trump tells Congress hostilities in Iran 'have terminated' at war powers deadline Lutnick gets grilling on Nvidia chip sales to China in Sen. Chris Coons letter Former Richmond Fed President Jeff...
Seiya Tabuchi/iStock via Getty Images COWG strategy Pacer US Large Cap Cash Cows Growth Leaders ETF ( COWG ) was launched on 12/21/2022 and tracks the Pacer US Large Cap Cash Cows Growth Leaders Index. COWG has a portfolio of 100 stocks, a 30-day SEC yield of 0.55%, and an expense ratio of 0.49%. As described in the prospectus by Pacer ETFs , The Index uses a rules-based methodology that seeks to ...
Seiya Tabuchi/iStock via Getty Images COWG strategy Pacer US Large Cap Cash Cows Growth Leaders ETF ( COWG ) was launched on 12/21/2022 and tracks the Pacer US Large Cap Cash Cows Growth Leaders Index. COWG has a portfolio of 100 stocks, a 30-day SEC yield of 0.55%, and an expense ratio of 0.49%. As described in the prospectus by Pacer ETFs , The Index uses a rules-based methodology that seeks to provide exposure to large-capitalization U.S. companies with above average free cash flow margins. The methodology starts from the Russell 1000 Index, and excludes: The financial and real estate sectors, Companies with negative average projected free cash flows or earnings. Then the 100 companies with the highest free cash flow margin (defined as free cash flow divided by sales over the trailing 12 months) are included in the index and weighted based on share price momentum, with a limit of 5% in any constituent. The index is reconstituted on a quarterly basis, and the portfolio’s turnover rate was 108% in the most recent fiscal year. I will use as a benchmark the parent index Russell 1000, represented by iShares Russell 1000 ETF ( IWB ). Portfolio The fund is exclusively invested in U.S. companies, with about 36% of asset value in large/mega caps, 36% in mid-caps, and 28% in small caps. The portfolio has a focus on information technology (48.3%), and notable exposure in healthcare (21.3%). Other sectors are below 9%. Compared to IWB, COWG mostly overweights these top two sectors. COWG sector breakdown, % of assets (Chart: author; data: Pacer ETFs, iShares) Company-specific risk is moderate due to the capped weighting methodology. The top 10 holdings, listed in the next table, represent 28.1% of asset value, and the heaviest position weighs 4.6%. Despite a much higher number of holdings, IWB is more concentrated, with 36.8% in the top 10 issuers and 7.1% in the top name. Ticker Name Weight ONTO Onto Innovation Inc 4.57% LRCX Lam Research Corp 4.34% KLAC KLA CORP 3.14% SCCO ...
On the first Monday of every May, the rich, famous and well-dressed gather in New York City for the Met Gala fundraiser. Ivy Buck offers a lookahead - covering this year's theme, where to watch, who's coming, and more. (Image credit: Savion Washington/Getty Images)
On the first Monday of every May, the rich, famous and well-dressed gather in New York City for the Met Gala fundraiser. Ivy Buck offers a lookahead - covering this year's theme, where to watch, who's coming, and more. (Image credit: Savion Washington/Getty Images)
ST. PETERSBURG, Fla., May 04, 2026 (GLOBE NEWSWIRE) -- Superior Group of Companies, Inc. (NASDAQ: SGC) (the “Company”), today announced its first quarter 2026 results.
ST. PETERSBURG, Fla., May 04, 2026 (GLOBE NEWSWIRE) -- Superior Group of Companies, Inc. (NASDAQ: SGC) (the “Company”), today announced its first quarter 2026 results.
A startup backed by General Catalyst Partners is in advanced talks to acquire Global Business Travel Group Inc. , the travel platform spun out of American Express Co. , according to people familiar with the matter. A deal between the buyer, Long Lake Management , and the Amex-backed business-travel company could be announced as soon as Monday, the people said, asking not to be identified because t...
A startup backed by General Catalyst Partners is in advanced talks to acquire Global Business Travel Group Inc. , the travel platform spun out of American Express Co. , according to people familiar with the matter. A deal between the buyer, Long Lake Management , and the Amex-backed business-travel company could be announced as soon as Monday, the people said, asking not to be identified because the matter is private. Long Lake is discussing paying about $9.50 a share for Amex GBT — a 60% premium to its closing price on Friday, the people added. A final agreement hasn’t been reached and details including the timing may change, or talks could still fall apart, they said. Representatives for Amex GBT, Long Lake and General Catalyst declined to comment. Amex GBT’s shares have fallen 14% in the past year. They rose 1.2% to $5.93 Friday in New York trading, giving the company a market value of about $3.1 billion. New York-based Amex GBT had been exploring a potential sale and working with advisers, Bloomberg News reported in November. American Express is still the company’s largest shareholder, owning a stake of about 30%, according to data compiled by Bloomberg. Amex GBT competes in the lucrative but fragmented business-travel market against competitors such as Booking Holdings Inc., BCD Travel and Navan Inc. Expedia Group Inc. is the third-largest shareholder in Amex GBT, data compiled by Bloomberg show. Qatar Investment Authority and Apollo Global Management Inc. are also backers. The deal could represent the first take-private for Long Lake, a growth-equity backed firm that has been trying to modernize companies in the services business, its website shows. Long Lake serves homeowners’ association businesses already, Bloomberg News has reported . General Catalyst has been pursuing a strategy to invest in startups building AI tools for industries that aren’t typically first adopters of new technology. The idea is that once regular businesses incorporate artificial inte...
Emaar Properties CEO Mohamed Alabbar says that Dubai’s property market remains resilient despite regional tensions, citing strong buyer confidence and stable collections across customers. While acknowledging short-term supply chain disruptions linked to the Strait of Hormuz closure, Alabbar expects a quick regional rebound. He spoke with Bloomberg TV's Joumanna Bercetche from the sidelines of MIIT...
Emaar Properties CEO Mohamed Alabbar says that Dubai’s property market remains resilient despite regional tensions, citing strong buyer confidence and stable collections across customers. While acknowledging short-term supply chain disruptions linked to the Strait of Hormuz closure, Alabbar expects a quick regional rebound. He spoke with Bloomberg TV's Joumanna Bercetche from the sidelines of MIITE in Abu Dhabi. (Source: Bloomberg)
Chinese electric vehicle (EV) makers – including BYD and Geely Automobile – saw their sales stabilise in April, as exports and new technologies continued to help offset weakening demand at home. BYD, the world’s largest EV manufacturer, sold 321,123 vehicles last month, a drop of more than 15 per cent compared to a year ago, according to its exchange filing on Sunday. However, compared with March,...
Chinese electric vehicle (EV) makers – including BYD and Geely Automobile – saw their sales stabilise in April, as exports and new technologies continued to help offset weakening demand at home. BYD, the world’s largest EV manufacturer, sold 321,123 vehicles last month, a drop of more than 15 per cent compared to a year ago, according to its exchange filing on Sunday. However, compared with March, April’s sales figure was nearly 7 per cent higher, while the year-on-year decline was nearly five...
Sundry Photography/iStock Editorial via Getty Images A Big Tech Name in the Midst of the AI Boom A major name in big tech, Hewlett Packard Enterprise ( HPE ), is reporting its next earnings in about a month so it is a great time to follow up on this stock that is up around +62% since my buy rating in July 2023 , when I recognized its key role and upside potential in the larger AI-driven ecosystem ...
Sundry Photography/iStock Editorial via Getty Images A Big Tech Name in the Midst of the AI Boom A major name in big tech, Hewlett Packard Enterprise ( HPE ), is reporting its next earnings in about a month so it is a great time to follow up on this stock that is up around +62% since my buy rating in July 2023 , when I recognized its key role and upside potential in the larger AI-driven ecosystem as a provider of various solutions including servers, hybrid cloud, and security. Since then, it closed on its acquisition of Juniper Networks in 2025, beat its last 4 quarterly earnings estimates, and had its price target raised by BofA Securities recently too, so today I'll be taking another look at this stock across 7 rating categories. Thesis Points Back To a Bullish View Again My followup thesis today argues for reaffirming my buy rating in 2023, despite the price growth so far, as there is further upside potential and strengths can come from AI infrastructure needs, a favorable risk profile, modest valuation, and technicals supporting a bullish case. My updated, more streamlined rating worksheet below shows how my 7 rating categories performed: HPE - rating worksheet (author) After its Juniper Acquisition, HPE Focuses On Its Huge Backlog To kick off my rating today, I considered some macro and company-specific factors that could impact growth and I gave this section a strong buy. As for the key macro growth factor to consider in this space, evidence continues pointing to the artificial intelligence /AI boom not as just another passing fad but here to stay longer, with Morgan Stanley writing in March that "with ~$2.9T in global data center construction projected through 2028, AI has become a structural force in economic expansion." AI, however, does not simply live in the clouds without there being physical infrastructure to make it possible, and so where firms like HPE and its peers come into the picture is providing that infrastructure. In fact, HPE is already dealin...
After a heroic run-up in April, the overall market is back into positive territory for the year. But that's certainly not the case for a handful of growth stocks. As veteran investors can attest, the market doesn't always get it right. Sometimes it dumps the wrong names, only to end up watching them recover en route to even higher highs. Here's a closer look at three great growth stocks that inves...
After a heroic run-up in April, the overall market is back into positive territory for the year. But that's certainly not the case for a handful of growth stocks. As veteran investors can attest, the market doesn't always get it right. Sometimes it dumps the wrong names, only to end up watching them recover en route to even higher highs. Here's a closer look at three great growth stocks that investors have dragged lower, but are worth scooping at their current prices. Continue reading