A data center developer has paused all Middle East project investments after one of its facilities was damaged by an Iranian missile or drone attack. The decision comes as the Iran war is forcing Silicon Valley investors and tech companies to rethink a trillion-dollar plan to build more AI and cloud data centers in Gulf countries. The damaged data center is owned by Pure Data Centre Group, a Londo...
A data center developer has paused all Middle East project investments after one of its facilities was damaged by an Iranian missile or drone attack. The decision comes as the Iran war is forcing Silicon Valley investors and tech companies to rethink a trillion-dollar plan to build more AI and cloud data centers in Gulf countries. The damaged data center is owned by Pure Data Centre Group, a London-based company that is operating or developing more than 1 gigawatt of data center capacity across Europe, the Middle East, and Asia. “No one’s going to run into a burning building, so to speak,” Pure DC CEO Gary Wojtaszek told CNBC . “No one’s going to put in new additional capital at scale to do anything until everything settles down." Data center developers are already eating the costs of uninsurable war damage from the conflict, which began with a US-Israeli attack on Iran on February 28. Iran primarily responded by attacking shipping to shut down the Strait of Hormuz trade corridor along with striking US military bases and energy infrastructure across the Gulf region. Read full article Comments
Apple is planning a major overhaul of the built-in photo-editing features, powered by its Apple Intelligence platform, according to people familiar with the plans. Bloomberg's Mark Gurman joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Apple is planning a major overhaul of the built-in photo-editing features, powered by its Apple Intelligence platform, according to people familiar with the plans. Bloomberg's Mark Gurman joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Matthew Pennycook says ending system must be done slowly to avoid hitting housing supply and legal pitfalls A ban on new leasehold properties in England and Wales is unlikely to come into force until after the next election, the housing minister has said, as he defended the government’s piecemeal attempts to dismantle the system. The long-promised end will take years to “switch on”, Matthew Pennyc...
Matthew Pennycook says ending system must be done slowly to avoid hitting housing supply and legal pitfalls A ban on new leasehold properties in England and Wales is unlikely to come into force until after the next election, the housing minister has said, as he defended the government’s piecemeal attempts to dismantle the system. The long-promised end will take years to “switch on”, Matthew Pennycook said, even though the ban on new houses was passed in 2024 and the government intends to pass one on new flats soon. Continue reading...
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." 80 seconds that could set the market’s next move—Alphabet, Amazon, Meta and Microsoft all reporting after the bell. Starbucks CEO Brian Niccol joins Open Interest on fixing mobile orders and boosting consistency. A major Supreme Court ruling reshapes voting maps. Booking CEO Glenn Fogel on war-driven travel disru...
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." 80 seconds that could set the market’s next move—Alphabet, Amazon, Meta and Microsoft all reporting after the bell. Starbucks CEO Brian Niccol joins Open Interest on fixing mobile orders and boosting consistency. A major Supreme Court ruling reshapes voting maps. Booking CEO Glenn Fogel on war-driven travel disruptions. Marsh CEO John Doyle on soaring insurance costs in the Hormuz crisis. And TD Cowen’s John Blackledge on whether Big Tech’s AI spending boom is reaching its limit. (Source: Bloomberg)
In this article GOOGL AMZN META MSFT Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:50 01:50 A moment of truth for the Mag 7 stocks Squawk on the Street Get ready. Wenesday night is the main event for earnings season, with Alphabet , Amazon , Meta and Microsoft – four of the "Magnificent Seven" — set to report. Options traders are pricing in more than $800 billion of market cap ...
In this article GOOGL AMZN META MSFT Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:50 01:50 A moment of truth for the Mag 7 stocks Squawk on the Street Get ready. Wenesday night is the main event for earnings season, with Alphabet , Amazon , Meta and Microsoft – four of the "Magnificent Seven" — set to report. Options traders are pricing in more than $800 billion of market cap movement after the bell. If options prices are an indication, it will be a more volatile night than what we've seen over the past year. Current implied moves are bigger than the four-quarter average for three of the four names. Meta is the exception, where options are pricing in a 7.3% move compared to the yearlong average of 9.3%. That's despite the fact Meta has exceeded the implied move after its last three reports. Google parent Alphabet, on the other hand, has a history of smaller moves that underperform the options pricing, and it looks like traders may be setting themselves up for a repeat disappointment. Options are pricing a near-6% move in the shares, compared to the four-quarter average of under 1.5%. In terms of directional bias, options flows still lean bullish, with calls volumes and premiums outpacing puts in all four names, and flows showing more demand for upside exposure than for selloffs. Amazon in particular saw bullish options flow Wednesday morning, with a few big call buyers spending more than $500,000 to get upside exposure. One trader spent $616,000 buying 581 of the 260-strike in-the-money calls expiring next Friday, while another trader looked to the September 18 expiry to buy 299 of the 265-strike calls, just out of the money in a trade that cost $731,000. Even in Microsoft, the laggard of the group, bullish flows were notable in the 450-strike calls expiring mid-June, with almost $3 million of trades across that contract early in the session. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in bus...
Rival parties demand investigation as Tory party chair refers Reform UK leader to commissioner over gift from crypto tycoon Exclusive: Farage given undisclosed £5m by crypto tycoon Analysis: Farage’s attempt to get ahead of story raises more questions Nigel Farage has been referred to parliament’s standards watchdog after the Guardian revealed he received an undeclared £5m gift from a party donor....
Rival parties demand investigation as Tory party chair refers Reform UK leader to commissioner over gift from crypto tycoon Exclusive: Farage given undisclosed £5m by crypto tycoon Analysis: Farage’s attempt to get ahead of story raises more questions Nigel Farage has been referred to parliament’s standards watchdog after the Guardian revealed he received an undeclared £5m gift from a party donor. The referral was made by the Conservative party, citing rules that require MPs to declare any “personal benefit” they have received in the 12 months before taking office, and to do so within a month of being elected. Continue reading...
SanDisk (NASDAQ:SNDK) has staged one of the most extraordinary rallies in semiconductor history, climbing 3,006% over the past year on the back of an AI-driven NAND supercycle. With shares now at $1,002.35, the question is whether the stock has front-run fundamentals. Our 24/7 Wall St. price target for SanDisk is $681.04 over the next 12 ... SanDisk Looks Overvalued, Stock Set for 32% Drop
SanDisk (NASDAQ:SNDK) has staged one of the most extraordinary rallies in semiconductor history, climbing 3,006% over the past year on the back of an AI-driven NAND supercycle. With shares now at $1,002.35, the question is whether the stock has front-run fundamentals. Our 24/7 Wall St. price target for SanDisk is $681.04 over the next 12 ... SanDisk Looks Overvalued, Stock Set for 32% Drop
After a short-lived rotation into value stocks, it didn't take long for artificial intelligence (AI) stocks to regain their momentum. Ultimately, this makes sense. AI is shaping up to be one of the most impactful technological innovations of our time, and it still appears to be in the very early innings. Top tech companies are set to spend massively on AI infrastructure this year, with growth capi...
After a short-lived rotation into value stocks, it didn't take long for artificial intelligence (AI) stocks to regain their momentum. Ultimately, this makes sense. AI is shaping up to be one of the most impactful technological innovations of our time, and it still appears to be in the very early innings. Top tech companies are set to spend massively on AI infrastructure this year, with growth capital expenditure (capex) from five of the largest hyperscalers (owners of large data centers) alone set to exceed $700 billion. Meanwhile, don't expect this spending to slow down, as these companies view this as an important race they cannot afford to lose. One of the best ways to invest in AI this year is finding companies that are benefiting from long-term trends while reaping the benefits of near-term bottlenecks. Against that backdrop, let's look at two unstoppable AI stocks to buy for 2026. Continue reading
King’s carefully crafted address to US Congress was the result of close liaison with aides, No 10 and Foreign Office Donald Trump called it “fantastic”, Democrats cheered references to Magna Carta, while the joint session of the US Congress came together in giving it a standing ovation. King Charles’s address to US lawmakers, while non-political, did not shy away from politics. And, though the pre...
King’s carefully crafted address to US Congress was the result of close liaison with aides, No 10 and Foreign Office Donald Trump called it “fantastic”, Democrats cheered references to Magna Carta, while the joint session of the US Congress came together in giving it a standing ovation. King Charles’s address to US lawmakers, while non-political, did not shy away from politics. And, though the president did not take offence – “He made a great speech, I was very jealous” – its pointed mentions of subjects the US president has previously disparaged were not lost on America. Continue reading...
Earnings Call Insights: Expand Energy (EXE) Q1 2026 Management View "We generated $1.7 billion of free cash flow, inclusive of working capital inflows" and "used to reduce gross debt by $1.3 billion and returned over $290 million to our shareholders through base dividends and buybacks," said Chairman of the Board, Interim President & Interim CEO Michael Wichterich. "Importantly, our full year prod...
Earnings Call Insights: Expand Energy (EXE) Q1 2026 Management View "We generated $1.7 billion of free cash flow, inclusive of working capital inflows" and "used to reduce gross debt by $1.3 billion and returned over $290 million to our shareholders through base dividends and buybacks," said Chairman of the Board, Interim President & Interim CEO Michael Wichterich. "Importantly, our full year production and capital guidance are unchanged," Interim CEO Wichterich said, while noting "our Gulf Coast assets were impacted" by Winter Storm Fern, "resulting in some shifting of CapEx from first quarter to second quarter." "On our last call, we stated the size and the price of this effort is about $0.20 of margin improvement, which equates to approximately $500 million of repeatable incremental free cash flow per year," Interim CEO Wichterich said, adding, "we will be disciplined and create value by stacking singles and doubles" across premium markets, volatility, and new demand. "Today, we announced a new offtake SPA with Delfin LNG for 1.15 million tons per year," Interim CEO Wichterich said. He added, "we see great value in this transaction as it's bigger, reaches market sooner and cheaper compared to our previous agreement, which has been terminated," and said, "our LNG strategy will be dynamic and shaped by the economic merits of each agreement, partnership or joint venture." "We are kind of leading there within the industry. We're well below $3 now on a breakeven price," said Executive VP & CFO Marcel Teunissen, and "given the allocation of free cash in the first quarter... we can rebalance a little bit... to shareholder returns in the form of buyback." "We continue to make progress on our operational efficiencies" and "we really haven't seen the impacts" from higher Haynesville rig activity "show up in our business yet," said Executive VP & COO Josh Viets. Outlook "Importantly, our full year production and capital guidance are unchanged," Interim CEO Wichterich said. ...
Justin Sullivan/Getty Images News Roku ( ROKU ) is scheduled to announce Q1 earnings results on Thursday, April 30th, after market close. The consensus EPS Estimate is $0.35 and the consensus revenue estimate is $1.2B (+17.6% Y/Y). At least three Wall Street analysts praised Roku's ( ROKU ) Q4 print and highlighted multiple catalysts for growth at the company going into 2026. Bank of America expec...
Justin Sullivan/Getty Images News Roku ( ROKU ) is scheduled to announce Q1 earnings results on Thursday, April 30th, after market close. The consensus EPS Estimate is $0.35 and the consensus revenue estimate is $1.2B (+17.6% Y/Y). At least three Wall Street analysts praised Roku's ( ROKU ) Q4 print and highlighted multiple catalysts for growth at the company going into 2026. Bank of America expects Roku to benefit in 2026 from various favorable industry trends along with certain company-specific actions, which include growth in CTV advertising, secular growth in streaming video domestically and internationally, and improving fill rates in the advertising business. Morgan Stanley said that the size of Roku's user base and its ongoing execution on new monetization opportunities continue to position its platform as a key beneficiary of both healthy CTV ad spend and growing streaming services distribution revenues. Evercore ISI called the report a "clean beat and raise" and expects tailwinds like the Amazon DSP integration, the home screen refresh, and U.S. political advertising to kick in over the balance of the year, with Roku Ad Manager to serve as "a multi-year growth driver." SA contributor Shareholders Unite was bullish on the company, noting that international expansion, AI integration, and diversified ad monetization underpin ROKU’s strategy, with disciplined OpEx and significant buybacks supporting shareholder value. An analysis by Julian Lin was also positive, highlighting “accelerating top-line growth and robust profitability, with management prioritizing sustained margin expansion and operational leverage.” Over the last 3 months, EPS estimates have seen 5 upward revisions and 0 downward. Revenue estimates have seen 15 upward revisions and 0 downward. More on Roku Roku Has A Blast, AI Looks To Be A Tailwind Roku: Incremental Margins Are Foreshadowing Strong Returns Roku, Inc. (ROKU) Presents at Deutsche Bank 34th Annual Media, Internet & Telecom Conference ...