The early bid looks tied to broad risk-on positioning in premarket trading, which often lifts mega-cap semiconductor names alongside Nasdaq strength. With TSM already extended over the past year, traders are also watching whether the stock can re-attack its recent highs after consolidating since May. Plans Ultra-Advanced AI Chips Separately, Bank of America raised its 2027 capital expenditure fore...
The early bid looks tied to broad risk-on positioning in premarket trading, which often lifts mega-cap semiconductor names alongside Nasdaq strength. With TSM already extended over the past year, traders are also watching whether the stock can re-attack its recent highs after consolidating since May. Plans Ultra-Advanced AI Chips Separately, Bank of America raised its 2027 capital expenditure forecast for the company to $75 billion from $63 billion, citing strong artificial intelligence and high-performance computing demand. The bank also noted improving profitability at Taiwan Semiconductor’s Arizona fabs and maintained a Buy rating on the stock. Taiwan Semiconductor Technical Analysis From a trend perspective, TSM is still in a bullish structure: it’s trading 7.5% above its 50-day SMA ($369.61) and 26% above its 200-day SMA ($315.29), with a golden cross that formed in June 2025 keeping the longer-term bias pointed up. The near-term picture is more mixed, though, with the stock sitting 0.8% below its 20-day SMA ($400.55), which frames the current action as consolidation rather than a clean breakout. Momentum is best described as “resetting” instead of accelerating: RSI is 50.56, a neutral reading that suggests the stock isn’t stretched and is waiting for the next push from buyers or sellers. In plain English, RSI helps gauge whether a move is getting overheated or washed out—right now it’s signaling balance after the strong run. Key levels are tight enough to matter for swing traders: a move back above the 20-day area would put the May highs back in play, while a slip toward the mid-$300s would test whether dip-buyers still defend the uptrend. The stock’s 52-week high was set in May at $421.97, and that zone remains the obvious “ceiling” the market needs to clear to restart the uptrend leg. Key Resistance : $414.50 — a nearby ceiling just below the 52-week high zone where rallies can stall : $414.50 — a nearby ceiling just below the 52-week high zone where rallies...
laddawan punna/iStock via Getty Images Investment Approach Fidelity ® Real Estate Investment Portfolio ( FRESX ) seeks above-average income and long-term capital growth, consistent with reasonable investment risk, by investing in securities of companies that own and, in most cases, operate commercial real estate properties. Investment in real estate securities has the potential to provide portfoli...
laddawan punna/iStock via Getty Images Investment Approach Fidelity ® Real Estate Investment Portfolio ( FRESX ) seeks above-average income and long-term capital growth, consistent with reasonable investment risk, by investing in securities of companies that own and, in most cases, operate commercial real estate properties. Investment in real estate securities has the potential to provide portfolio diversification, consistent income generation, total return and the ability to outpace inflation. We believe real estate investment trusts (REITs) represent a balance between real estate and stocks, and that recognizing attributes of both is key to identifying opportunities to outperform. Through rigorous bottom-up research from Fidelity's dedicated real estate team and the firm's broader research resources, we strive to add value through security selection within a disciplined risk framework. Our process seeks to determine the relative attractiveness of individual REITs and will try to take advantage of pricing discrepancies in the market. PERFORMANCE SUMMARY Cumulative Cumulative Annualized Annualized Annualized Annualized 3 Month YTD 1 Year 3 Year 5 Year 10 Year/ LOF 1 Fidelity Real Estate Investment Portfolio Gross Expense Ratio: 0.64% 2 3.33% 3.33% 2.47% 6.42% 4.45% 4.60% S&P 500 Index -4.33% -4.33% 17.80% 18.32% 12.06% 14.16% MSCI US IMI Real Estate 25/50 Linked Index 1.35% 1.35% 1.97% 6.54% 3.30% 3.16% Morningstar Real Estate 2.31% 2.31% 2.75% 6.76% 3.58% 4.74% % Rank in Morningstar Category (1% = Best) -- -- 57% 54% 30% 59% # of Funds in Morningstar Category -- -- 207 197 190 149 Click to enlarge 1 Life of Fund (LOF) if performance is less than 10 years. Fund inception date: 11/17/1986. 2 This expense ratio is from the most recent prospectus and generally is based on amounts incurred during the most recent fiscal year, or estimated amounts for the current fiscal year in the case of a newly launched fund. It does not include any fee waivers or reimbursements, which...
(RTTNews) - The French stock market gained notable ground in positive territory on Wednesday as oil prices dropped after U.S. President Donald Trump said the war with Iran will end "very quickly." Brent crude futures dropped to $108.50 a barrel before recovering to $109.11, still down nearly 2%. Investors also digested Euro zone inflation data, and looked ahead to Nvidia earnings update. The CAC 4...
(RTTNews) - The French stock market gained notable ground in positive territory on Wednesday as oil prices dropped after U.S. President Donald Trump said the war with Iran will end "very quickly." Brent crude futures dropped to $108.50 a barrel before recovering to $109.11, still down nearly 2%. Investors also digested Euro zone inflation data, and looked ahead to Nvidia earnings update. The CAC 40 was up 54.23 points or 0.68% at 8,035.99 about half an hour past noon. Euronext moved up over 5%. STMicroelectronics climbed nearly 5%. ArcelorMittal gained 3.5% and Legrand rallied 2.5%. Stellantis climbed nearly 1% before easing slightly. The automotive giant announced plans to form a Europe-based joint venture with Dongfeng Motor Group Co., Ltd to produce new energy vehicles. Schneider Electric, Sanofi, Safran and TotalEnergies gained 1.3%-1.7%. Societe Generale, Engie, Thales, Eiffage, Accor, Saint Gobain and Air Liquide moved up 0.6%-1.1%. Capgemini drifted down nearly 2%. Renault and Hermes International shed 1.6% and 1.4%, respectively. L'Oreal, AXA, BNP Paribas, Orange, Danone and Publicis Groupe also showed weakness. On the trade front, the European Union has reached a provisional agreement to remove import duties on U.S. goods, keeping the bloc on track to meet Trump's July 4 deadline and avoid higher tariffs on European goods. Final data from Eurostat showed Eurozone inflation accelerated in April, as initially estimated, driven by higher energy prices. The harmonized index of consumer prices posted an annual increase of 3% in April, up from 2.6% in March. The rate matched the estimate published on April 30. Meanwhile, core inflation that excludes prices of energy, food, alcohol and tobacco, softened to 2.2% in April, as estimated, from 2.3% in the previous month. Among main components of HICP, energy registered the biggest annual growth of 10.8%. This was followed by the 3% rise in services costs. Food, alcohol and tobacco prices rose 2.4% and non-energy indus...
Target press release ( TGT ): Q1 Non-GAAP EPS of $1.71 beats by $0.25 . Revenue of $25.44B (+6.7% Y/Y) beats by $740M . Guidance The Company has the following updated expectations for 2026: Net sales growth in a range around 4 percent compared with 2025 - two percentage points higher than the prior range (prior around 2 percent compared with 2025) vs. estimated growth of 2.30% Y/Y . The Company co...
Target press release ( TGT ): Q1 Non-GAAP EPS of $1.71 beats by $0.25 . Revenue of $25.44B (+6.7% Y/Y) beats by $740M . Guidance The Company has the following updated expectations for 2026: Net sales growth in a range around 4 percent compared with 2025 - two percentage points higher than the prior range (prior around 2 percent compared with 2025) vs. estimated growth of 2.30% Y/Y . The Company continues to expect to grow net sales in every quarter of the year. Full-year 2026 operating income margin rate more than 20 basis points higher than the 4.6 percent Adjusted operating income margin rate in 2025. GAAP and Adjusted EPS near the high end of the prior guidance range of $7.50 to $8.50 (prior $7.50 to $8.50) vs. $8.11 consensus. More on Target Target Q1 2026 Earnings Preview: Shares Could Pull Back After A Strong Run Target: Missing The Mark Target: My Target Price Justifies The Recent Rally, Pause For Now Target names new supply chain chief to tackle empty shelves, fulfillment ambitions Target Q1 earnings on deck: What to expect
Michael M. Santiago/Getty Images News GameStop ( GME ) expanded its economic exposure to eBay ( EBAY ) through derivative-linked put/call option structures, according to an amended regulatory filing. The amended 13D filing on Tuesday showed GameStop increased its economic exposure tied to eBay shares to about 29.1M shares, up from roughly 22.2M shares disclosed in the filing on May 4. Together wit...
Michael M. Santiago/Getty Images News GameStop ( GME ) expanded its economic exposure to eBay ( EBAY ) through derivative-linked put/call option structures, according to an amended regulatory filing. The amended 13D filing on Tuesday showed GameStop increased its economic exposure tied to eBay shares to about 29.1M shares, up from roughly 22.2M shares disclosed in the filing on May 4. Together with 25,000 directly owned eBay shares, the position now represents about 6.55% of eBay’s outstanding shares, compared with approximately 5.0% previously. The put/call pairs have strike prices ranging from $84.739414 to $114.964496. The filing noted that, in the event of physical settlement of the put/call pairs, GameStop would have the sole power to vote or direct the vote of the shares of common stock underlying such put/call pairs. The disclosure comes as GameStop CEO Ryan Cohen’s activist-style campaign targeting eBay has become one of Wall Street’s closely watched corporate battles this year. GameStop previously proposed acquiring eBay in a deal reportedly valued at about $56B, an offer eBay rejected at the time as “neither credible nor attractive.” In a recent interview with entrepreneur and investor Anthony Pompliano, Cohen criticized eBay’s cost structure, saying the company “needs to be on Ozempic” because it had become “obese to an unhealthy degree.” Cohen reiterated that he sees significant cost-cutting opportunities at eBay if he gains control, while adding that he largely expected the company’s board and management to reject his proposal because he would seek major leadership changes. Year-to-date, GameStop ( GME ) has risen +10% , while eBay ( EBAY ) has grown +31% . More on GameStop, eBay Wall Street Lunch: EBay Rejects GameStop Takeover Proposal eBay: GameStop Bid Doesn't Add Up GameStop's 'Crazy Idea' To Buy EBay Isn't So Crazy, But It Is Risky GameStop's bid for eBay faces a credit rating headwind Could GameStop really buy eBay? Traders aren’t convinced
iHub News 16 minutes ago Meta proposes limited free WhatsApp access for rival AI chatbots in Europe (META)May 20, 2026 6:31 AM IH Market News Meta Platforms, Inc. (NASDAQ:META) has proposed granting competing artificial intelligence chatbots, including those developed by OpenAI, limited free access to WhatsApp in Europe before introducing charges once usage thresholds are exceeded, according to tw...
iHub News 16 minutes ago Meta proposes limited free WhatsApp access for rival AI chatbots in Europe (META)May 20, 2026 6:31 AM IH Market News Meta Platforms, Inc. (NASDAQ:META) has proposed granting competing artificial intelligence chatbots, including those developed by OpenAI, limited free access to WhatsApp in Europe before introducing charges once usage thresholds are exceeded, according to two people familiar with the matter.The previously undisclosed proposal comes as Meta attempts to ease mounting pressure from European Union regulators, who have intensified scrutiny of large technology groups and their influence over digital markets. Meta seeks to address EU antitrust concerns Meta submitted the proposal to EU antitrust authorities last week after the European Commission indicated it was considering interim measures that could force the company to provide rivals with access to WhatsApp while an ongoing investigation continues.Neither Meta nor the Commission had publicly disclosed details of the proposal at the time.According to the sources, interested parties were given until May 18 to provide feedback to the Commission before regulators decide whether to accept Meta’s offer.Under the proposed structure, rival AI chatbot providers would initially receive free access to WhatsApp’s services but would begin paying fees after surpassing certain messaging limits. EU regulators push to preserve competition in AI The broader dispute highlights growing efforts by European regulators to maintain competition in emerging digital and AI markets by preventing dominant technology firms from consolidating excessive market power or restricting smaller competitors.The European Commission declined to comment further, reiterating that its priority is to keep the rapidly expanding AI assistant market open and competitive for innovators. The Commission added that Meta’s proposal should create room for continued discussions aimed at resolving regulatory concerns.Meta repeated ear...
Business communications platform provider 8x8 ( EGHT ) stock price jumped about 15% after reporting a Q4 top and bottom line beat. Its Q4 total revenue rose 5% Y/Y to $185.2M, beating estimates by $4.11M . Its GAAP gross margin declined to 63% from 68% a year earlier, while non-GAAP gross margin fell to 64% from 69%. The provider's Q4 Non-GAAP EPS came in at $0.11 beating estimates by $0.03 . Cust...
Business communications platform provider 8x8 ( EGHT ) stock price jumped about 15% after reporting a Q4 top and bottom line beat. Its Q4 total revenue rose 5% Y/Y to $185.2M, beating estimates by $4.11M . Its GAAP gross margin declined to 63% from 68% a year earlier, while non-GAAP gross margin fell to 64% from 69%. The provider's Q4 Non-GAAP EPS came in at $0.11 beating estimates by $0.03 . Customer contracts for 8x8 Intelligent Customer Assistant, covering digital and voice self-service and AI auto attendants, increased 56% Y/Y. Contracts specifically for voice self-service rose more than 71% Y/Y . 8x8 Engage, a purpose-built solution for frontline and non-desk workers, expanded its customer base more than 300% in Q4. For Q1 FY27, 8x8 ( EGHT ) expects service revenue of $175M-$180M and total revenue of $180M-$185M (vs. consensus of $182.14M). The company forecasts Q1 non-GAAP gross margin of 63.5%-64.5% and non-GAAP operating margin of 8.5%-9.5%, with cash flow from operations of $10M-$12M and non-GAAP EPS of $0.08-$0.09 (consensus estimates stand at $0.08). For FY27, the company expects service revenue of $707M-$727M and total revenue of $727M-$747M (vs. consensus of $ 736.59M). I ncludes non-GAAP gross margin of 62.5%-63.5%, non-GAAP operating margin of 9%-10%, and operating cash flow of $45M-$52M and FY27 non-GAAP EPS of $0.33-$0.38 (vs. analyst estimates of $0.35). More on 8X8 8x8, Inc. (EGHT) Q4 2026 Earnings Call Transcript 8x8, Inc. 2026 Q4 - Results - Earnings Call Presentation Biggest stock movers Wednesday: AMC, RBLX, and more 8x8 anticipates fiscal 2027 EPS of $0.33-$0.38 while usage-based revenue mix continues to rise Seeking Alpha’s Quant Rating on 8X8
The committee's letter to Ofcom, meanwhile, asks about the regulator's role in the complaints process, its powers to investigate potential breaches of the broadcasting code, and the timeline for launching its own investigation into the Married at First Sight allegations.
The committee's letter to Ofcom, meanwhile, asks about the regulator's role in the complaints process, its powers to investigate potential breaches of the broadcasting code, and the timeline for launching its own investigation into the Married at First Sight allegations.
China’s exports of rare earth permanent magnets to Japan slightly rebounded in April after slumping the previous month, but Japanese firms warn they are facing “severe” shortages as a diplomatic row between Beijing and Tokyo grinds on. Shipments of permanent magnets from China to Japan rose by 2.5 per cent in April compared with the previous month, according to Chinese customs data released on Wed...
China’s exports of rare earth permanent magnets to Japan slightly rebounded in April after slumping the previous month, but Japanese firms warn they are facing “severe” shortages as a diplomatic row between Beijing and Tokyo grinds on. Shipments of permanent magnets from China to Japan rose by 2.5 per cent in April compared with the previous month, according to Chinese customs data released on Wednesday. But the modest rise only partly offset the 17.3 per cent plunge recorded in March. Advertisement The slowdown has raised alarm among Japan’s industrial giants , as permanent magnets are essential components for a range of hi-tech products – from electric cars to advanced weaponry. China is the world’s largest supplier of the magnets. Japan ranked just ninth among buyers of Chinese permanent magnets last month, with Germany, South Korea and the United States making up the top three. The data comes as Beijing and Tokyo continue a diplomatic feud that first erupted in November , when Japanese Prime Minister Sanae Takaichi suggested that a hypothetical attack on Taiwan could constitute an “existential threat” to Japan. The remarks raised tensions with Beijing, which took a series of actions to restrict China’s economic ties with Japan – including warning its citizens against travelling to the country. Advertisement
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Artificial intelligence has to a large extent existed in the realm of promises: productivity gains, revolutionized workflows, trillion-dollar disruptions. But as JPMorgan’s Kevin...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Artificial intelligence has to a large extent existed in the realm of promises: productivity gains, revolutionized workflows, trillion-dollar disruptions. But as JPMorgan’s Kevin Brunner, global chair of investment banking, put it, the story is now shifting from “hype to real execution .” Some of that execution is in the high-margin business of trading. Perpetuals.com, founded by a former FTX executive, launched a new platform that effectively turns human investment strategies into training data for an AI trading engine . Users make fake paper trades, the model decides which predictions are worth acting on, and the company deploys real capital. It’s the kind of development that emerges once technology moves from novelty into infrastructure. The other, more predictable, part of AI’s execution in the financial services industry is job cuts. Or, as StanChart CEO Bill Winters put it, reducing “ lower-value human capital .” The London-based bank plans almost 8,000 job cuts in back- office functions, a move it predicts will raise income per employee about 20% by 2028. Meanwhile, HSBC CEO Georges Elhedery warned that artificial intelligence will “destroy” certain roles while creating others , urging employees to adapt rather than resist the technological shift. And AI is no longer something investors are betting on only through stocks. Intercontinental Exchange is matching CME Group’s plan to launch futures tied to GPU computing costs . Just as airlines hedge fuel costs or manufacturers hedge metals prices, companies can soon hedge the cost of running AI models. The Big Take SoftBank Founder’s Starstruck Bet on OpenAI Raises Concern With more than $60 billion committed, some SoftBank insiders are growing uneasy over Son’s devotion to Altman. Read the excl...
In this article STLA Follow your favorite stocks CREATE FREE ACCOUNT Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa has said leading the transatlantic automaker is a dream come true, but the company's stock has been anything but that for investors under his short tenure thus far. Stellantis stoc...
In this article STLA Follow your favorite stocks CREATE FREE ACCOUNT Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa has said leading the transatlantic automaker is a dream come true, but the company's stock has been anything but that for investors under his short tenure thus far. Stellantis stock is off nearly 30% since Filosa, a company veteran from Italy who climbed through the ranks, was named CEO nearly a year ago. It's down about 21% since he officially started as CEO last June. Thursday marks a major next step for Filosa and his executive team, as they unveil a turnaround plan for the embattled automaker during a capital markets day at Stellantis' North American headquarters near Detroit. Filosa has promised investors that the day "will outline the next phase of our strategy with clear priorities, clear targets, and a focused road map for execution." The strategy he and others will present this week is expected to focus regionally on key brands such as Jeep and Ram in the U.S. and Fiat and Peugeot in Europe, detail how they plan to reduce costs and lay out how the company aims to return to profitability following a net loss of 22.3 billion euros ($26.3 billion) last year. "It was my dream to take the helm of Stellantis … but obviously I recognized, at the time, with my team, that there were still things to be fixed," Filosa said during a Financial Times event last week. "We are fixing them at the speed of light, and I truly believe that now, and we will share that May 21 at our investor day, we have a clear path of sustainable and comfortable growth in front of us." Stock Chart Icon Stock chart icon Stellantis' stock on the New York Stock Exchange since Antonio Filosa was announced as CEO on May 28, 2025. Stellantis' struggles That path isn't so clear for Wall Street. The auto industry as a whole is facing concerns about artificial intelligence , the growth ...
Homes at a new development in Fontana, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images The U.S. House is poised to approve a bipartisan housing affordability bill Wednesday that would limit major investors from purchasing single-family homes while allowing them to build additional housing units. The measure is getting support from the White House after some last-m...
Homes at a new development in Fontana, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images The U.S. House is poised to approve a bipartisan housing affordability bill Wednesday that would limit major investors from purchasing single-family homes while allowing them to build additional housing units. The measure is getting support from the White House after some last-minute changes struck a balance between the Senate version, which placed more restrictions on major investors owning homes, and the House version, which was seen as more friendly toward Wall Street. The legislation won the support of the rental, construction and housing industries by removing a requirement in the Senate-passed bill that would have forced major investors — defined as those owning 350 units or more — to sell any any units they built beyond the cap within a seven-year window. The housing affordability bill has ping-ponged several times between the House and the Senate. Both chambers approved their own version of the bill with strong bipartisan support earlier this year, but several provisions — including the ones overseeing investors in the housing market — have lead to inter-chamber disputes. It's not clear whether the revamped House bill will gain the needed 60 votes to pass in the Senate before advancing to the White House for Presiden t Donald Trump 's signature. Sen. Elizabeth Warren , D-Mass., the top Democrat on the committee overseeing housing, worked with the White House to get several provisions with Democratic support into the bill. And other senators voted against the bill in March because of concerns with the forced sale of build-to-rent homes, arguing that would decrease housing supply. Senate Majority Leader John Thune , R-S.D., told reporters in response to a question from CNBC on Tuesday that when the House passes the bill, the Senate will "deal with it accordingly." Still, other senators said their original bill was right to target investors w...
Douglas Rissing/iStock via Getty Images Ugly trifecta that spooks the bond market. To soothe bond yields and mortgage rates, the Fed needs to hike, not “look through” inflation. The 30-year Treasury yield rose by 5 basis points on Tuesday, and by 23 basis points over the past seven trading days, to 5.19%, the highest since June 2007. When yields rise, prices of those bonds fall, and existing bondh...
Douglas Rissing/iStock via Getty Images Ugly trifecta that spooks the bond market. To soothe bond yields and mortgage rates, the Fed needs to hike, not “look through” inflation. The 30-year Treasury yield rose by 5 basis points on Tuesday, and by 23 basis points over the past seven trading days, to 5.19%, the highest since June 2007. When yields rise, prices of those bonds fall, and existing bondholders take losses. It’s been a bloodbath - an orderly methodical bloodbath - in bond land. The long-term bond market has completely blown off the Fed’s rate cuts. The more the Fed cut, the higher the 30-year yield rose: There is now a spread of 156 basis points between the 30-year Treasury yield and the Effective Federal Funds Rate (EFFR, 3.63%, blue line), which the Fed targets with its policy rates. Before the Fed started cutting rates in 2024, the 30-year yield was below the EFFR. At the auction on Wednesday last week, the Treasury Department sold $31 billion of 30-year bonds at a yield of 5.046% , and those hapless buyers are now already substantially underwater. The 10-year Treasury yield rose by 6 basis points to 4.67% on Tuesday and by 29 basis points over the past seven trading days. At the end of February, it had dipped to 3.97%, and since then has risen by 70 basis points. At the auction last week, the Treasury Department sold $52 billion of 10-year notes at a yield of 4.468%, and those buyers are now also substantially underwater. The long-term bond market has been spooked by a trifecta of very ugly problems: Surging inflation , with consumer-facing inflation spreading beyond gasoline into services, electricity (AI), and food, and with business-facing inflation that is now raging at 6.0%, driven by services inflation . A lax Fed that has threatened to “look through” the surge of inflation and that is still recklessly talking about delaying rate cuts, instead of pounding home the message of multiple rate hikes. So that raises the question: How many more mentions ...