With the US-Iran standoff keeping energy prices at levels that threaten the economy, investors have plenty of risks to worry about when analyzing possible outcomes that could damage portfolios. Yet focusing too much on what can go wrong exposes investors to another big risk: Missing out on further gains if the stock market keeps ripping higher and higher. That type of outcome is often referred to ...
With the US-Iran standoff keeping energy prices at levels that threaten the economy, investors have plenty of risks to worry about when analyzing possible outcomes that could damage portfolios. Yet focusing too much on what can go wrong exposes investors to another big risk: Missing out on further gains if the stock market keeps ripping higher and higher. That type of outcome is often referred to as a right-tail risk, due to where it lands on a bell curve. For Ohsung Kwon , chief equity strategist at Wells Fargo & Co., there’s a simple way to manage that risk: Buy the Nasdaq 100 Index . It’s a trade that’s worked wonders this year as renewed exuberance for artificial intelligence has pushed the index dominated by mega-cap tech stocks up more than 8% since early January. But it’s being put to the test again, following a hectic deluge of earnings reports that landed with a thud in less than two minutes after the close of regular trading on Wednesday. As the dust settles, questions are once again arising about the market’s near-term sentiment for the mega-cap names. As Kwon put it in a note on Monday, the AI cycle has reached an “inflection point” as it matures from a focus on capital expenditures to questions on how well all that spending will be monetized. “Over the past two years, the AI cycle was really being driven by a capex-led bull market,” said Kwon. “I think now we are starting to move into a monetization-led bull market, which I think is actually healthier for the AI cycle overall.” By most measures, the results from Alphabet Inc. , Amazon.com Inc. , Meta Platforms Inc. and Microsoft Corp. were strong, but the share moves were mixed, owing to how much progress has been made on AI efforts. Bloomberg’s gauge for the Magnificent Seven fell 1.4% at 12:32 p.m. in New York in its third day of losses. Yet skepticism around the level of spending on AI has become a bugbear for traders, who have become fatigued over the technology and worried that it will not deliver ...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." It's a special edition of Open Interest from the Miami Design District as Formula 1 takes over the city. Dani Burger and Matt Miller have exclusive conversations from Bloomberg House Miami. Matt Miller sits down with Audi Revolut F1 CEO Mattia Binotto on building a next-generation racing powerhous...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." It's a special edition of Open Interest from the Miami Design District as Formula 1 takes over the city. Dani Burger and Matt Miller have exclusive conversations from Bloomberg House Miami. Matt Miller sits down with Audi Revolut F1 CEO Mattia Binotto on building a next-generation racing powerhouse. Dani speaks with Thoma Bravo’s Orlando Bravo on private markets and AI-driven value shifts, and Citadel Securities’ Scott Rubner breaks down why he’s bullish on megacap tech and consumer trading (Source: Bloomberg)
Avalyn Pharma Inc. shares jumped 44% in its trading debut, after the biopharmaceutical company raised $300 million in an upsized US initial public offering. The company’s shares opened at $26 each at 12:23 p.m. in New York, above its IPO price of $18 apiece. The trading gives the developer of inhaled treatments for rare lung diseases a market value of about $1.1 billion, based on the outstanding s...
Avalyn Pharma Inc. shares jumped 44% in its trading debut, after the biopharmaceutical company raised $300 million in an upsized US initial public offering. The company’s shares opened at $26 each at 12:23 p.m. in New York, above its IPO price of $18 apiece. The trading gives the developer of inhaled treatments for rare lung diseases a market value of about $1.1 billion, based on the outstanding shares listed in its filings. Avalyn counts Novo Holdings A/S, an investing vehicle of the controlling shareholder of weight loss drug giant Novo Nordisk A/S , among its backers. The vehicle is expected to have an 8% holding in the company after the offering, down from 13%, the filings showed. Avalyn’s AP01 drug has completed a clinical trial for patients with idiopathic pulmonary fibrosis, a rare disease that targets tissue in the lungs, and is in an open-label extension trial for patients with IPF and progressive pulmonary fibrosis, the filings show. Its AP02 drug is in a phase 2 clinical trial for the treatment of IPF. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . The firm had a net loss of $85.2 million in 2025, compared with a net loss of $49.7 million in the year earlier, according to the filings. The offering was led by Morgan Stanley , Jefferies Financial Group Inc. , Evercore Inc. and Guggenheim Securities . The shares trade on the Nasdaq Global Market under the symbol AVLN.
The World Press Freedom Index, which assessed 180 countries, finds established journalism is ‘being asphyxiated’ Press freedom around the world is at its lowest ebb in a generation, according to an influential annual index that highlights growing authoritarian pressure on the media. The average score for the 180 countries assessed by the World Press Freedom Index , compiled by Reporters Without Bo...
The World Press Freedom Index, which assessed 180 countries, finds established journalism is ‘being asphyxiated’ Press freedom around the world is at its lowest ebb in a generation, according to an influential annual index that highlights growing authoritarian pressure on the media. The average score for the 180 countries assessed by the World Press Freedom Index , compiled by Reporters Without Borders (RSF), was the lowest in the index’s 25-year history. Continue reading...
Meta (META) is now paying some of its creators in stablecoins instead of cash. Scott Melker outlines what you need to know. "The Daily Wolf with Scott Melker" airs on Yahoo Finance every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
Meta (META) is now paying some of its creators in stablecoins instead of cash. Scott Melker outlines what you need to know. "The Daily Wolf with Scott Melker" airs on Yahoo Finance every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
At least 14 Wall Street firms issued price target hikes on Amazon (NASDAQ:AMZN) stock following the company’s Q1 2026 earnings beat reported on April 29. New price argets now cluster between $310 and $350, with TD Cowen leading at $350 from $300. The synchronized analyst upgrade wave centers on Amazon Web Services (AWS) reaccelerating to ... Wall Street Floods Amazon With Price Target Hikes After ...
At least 14 Wall Street firms issued price target hikes on Amazon (NASDAQ:AMZN) stock following the company’s Q1 2026 earnings beat reported on April 29. New price argets now cluster between $310 and $350, with TD Cowen leading at $350 from $300. The synchronized analyst upgrade wave centers on Amazon Web Services (AWS) reaccelerating to ... Wall Street Floods Amazon With Price Target Hikes After Q1 Beat: Is AWS Truly the AI Infrastructure Winner?
Apple needs to report strong guidance to get investors excited, especially as the stock inches closer to its all-time closing high. Apple shareholders will be looking for more than just fiscal second-quarter earnings and revenue beats when the company reports Thursday night. This is especially important as the economic environment becomes more turbulent.
Apple needs to report strong guidance to get investors excited, especially as the stock inches closer to its all-time closing high. Apple shareholders will be looking for more than just fiscal second-quarter earnings and revenue beats when the company reports Thursday night. This is especially important as the economic environment becomes more turbulent.
Myanmar’s detained former leader Aung San Suu Kyi has been moved to house arrest, state media reported on Thursday, over five years after the country’s military ousted a civilian government led by the Nobel laureate and imprisoned her. Suu Kyi, 80, has been detained by the junta since and her whereabouts have been unclear amid a deadly civil war that was triggered by the February 2021 coup that h...
Myanmar’s detained former leader Aung San Suu Kyi has been moved to house arrest, state media reported on Thursday, over five years after the country’s military ousted a civilian government led by the Nobel laureate and imprisoned her. Suu Kyi, 80, has been detained by the junta since and her whereabouts have been unclear amid a deadly civil war that was triggered by the February 2021 coup that has engulfed much of the impoverished Southeast Asian nation. “… the remaining portion of Daw Aung...
jetcityimage/iStock Editorial via Getty Images Rolls-Royce ( RYCEY ) ( RYCEF ) up 8.4% in Thursday's trading after reiterating its full-year guidance for profit to rise at least 16% following a strong start to the year and saying it expects to fully mitigate the current financial impact
jetcityimage/iStock Editorial via Getty Images Rolls-Royce ( RYCEY ) ( RYCEF ) up 8.4% in Thursday's trading after reiterating its full-year guidance for profit to rise at least 16% following a strong start to the year and saying it expects to fully mitigate the current financial impact
Here are the stocks making headlines in midday trading. Willis Towers Watson — The insurer's shares tumbled about 12%. First-quarter organic revenue growth came in at 3%, short of the FactSet estimate for a 4.8% increase. The soft growth numbers overshadowed adjusted earnings that surpassed Wall Street's expectations. Hertz Global — Shares soared about 18% after the rental car company announced a ...
Here are the stocks making headlines in midday trading. Willis Towers Watson — The insurer's shares tumbled about 12%. First-quarter organic revenue growth came in at 3%, short of the FactSet estimate for a 4.8% increase. The soft growth numbers overshadowed adjusted earnings that surpassed Wall Street's expectations. Hertz Global — Shares soared about 18% after the rental car company announced a partnership with Uber that will expand the ride-hailing giant's push into autonomous robotaxi and driver-led mobility. Hertz said that its new Oro Mobility unit will support Uber's robotaxi program. Services are anticipated to launch in the San Francisco Bay area later this year. Uber shares were little changed. Altria Group — The tobacco company's shares jumped more than 5%. First-quarter adjusted earnings of $1.32 per share topped the FactSet consensus estimate of $1.25 a share. Altria reaffirmed its full year guidance for adjusted earnings in the range of $5.56 to $5.72 per share, versus the consensus call for $5.62 a share. Carrier Global — Shares climbed 11% following Carrier Global's first-quarter beat on the top and bottom lines. The company reported adjusted earnings of 57 cents, versus the 51 cents expected from analysts polled by FactSet. Revenue was $5.34 billion, versus the $5.01 billion consensus estimate. Meta Platforms — The Facebook parent dropped 9% after the company hiked its full-year capital expenditures guidance to a range of $125 billion to $145 billion, raising concern over its AI spending. That forecast overshadowed a better-than-expected Q1 report. Eli Lilly — The Zepbound and Mounjaro maker's first-quarter earnings and revenue blew past analyst expectations, sending the stock 9% higher. Eli Lilly also increased its full-year sales outlook to between $82 billion and $85 billion, up from a previous guidance of $80 billion to $83 billion. Alphabet — Shares popped 7% after the tech titan posted first-quarter revenue of $109.9 billion, beating the $107....