The overall earnings picture continues to be of all-around strength and a steadily improving outlook, with Q1 results showing nice momentum while expectations for Q2 also trend higher.
The overall earnings picture continues to be of all-around strength and a steadily improving outlook, with Q1 results showing nice momentum while expectations for Q2 also trend higher.
Oil was steady ahead of a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, which is being held against the backdrop of the Iran war that shows no signs of a near-term resolution. West Texas Intermediate traded near $101 a barrel after declining 1.1% in the previous session. Brent crude closed below $106. Trump is scheduled to meet Xi on Thursday, and the US leader ...
Oil was steady ahead of a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, which is being held against the backdrop of the Iran war that shows no signs of a near-term resolution. West Texas Intermediate traded near $101 a barrel after declining 1.1% in the previous session. Brent crude closed below $106. Trump is scheduled to meet Xi on Thursday, and the US leader told reporters on Tuesday that trade talks will be prioritized rather than discussions about the Middle East conflict. The flow of crude and fuels through the crucial Strait of Hormuz fell by nearly 6 million barrels per day in the first quarter, following the start of hostilities at the end of February, according to the Energy Information Administration. Ahead of the Trump-Xi summit, the US threatened banks and sanctioned more entities over the sale of Iranian oil to China, the biggest buyer. A ceasefire has been in place since early April, despite a series of flareups in violence, but the US and Iran appear to making little progress toward resolving their differences and agreeing on a peace proposal. That’s kept the Strait of Hormuz effectively closed, choking off crucial energy supplies. To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for June delivery was little changed at $101.06 a barrel at 6:08 a.m. in Singapore. Brent for July settlement closed 2% lower at $105.63 a barrel.
Klaus Vedfelt/DigitalVision via Getty Images To me, the core emotion that seems to be driving the stock market in 2026 is fear, and it’s a fear that works in two directions: fear of missing out on the semiconductor trade and fear that many legacy tech businesses will be wiped out by AI and the macroeconomy. This duality has created a very lopsided market of big winners and big losers and unsustain...
Klaus Vedfelt/DigitalVision via Getty Images To me, the core emotion that seems to be driving the stock market in 2026 is fear, and it’s a fear that works in two directions: fear of missing out on the semiconductor trade and fear that many legacy tech businesses will be wiped out by AI and the macroeconomy. This duality has created a very lopsided market of big winners and big losers and unsustainable valuations on both extreme ends of this spectrum. With that in mind, I continue to focus my investing on the stocks that have drawn tremendous negative fear, and Wix.com Ltd. ( WIX ) is one of them. Down 45% since the start of the year alone (with losses recently aggravating sharply after a slight Q1 earnings miss), Wix has slid down to single-digit FCF multiples as the market treats its disruption by AI as a foregone conclusion rather than a possibility. Data by YCharts I last wrote a Strong Buy opinion on Wix in March, when the stock was trading at $90 per share. I’ll begin with a mea culpa: of course my buy call was ill-timed, and performance in Wix has been frustrating. At the same time, a drop of this magnitude requires a fresh look with fresh eyes, and I see absolutely no red flags in Wix’s performance. The old adage about the stock market being a weighing machine rather than a voting machine in the long run still holds true, and by this line of thinking, owing to Wix’s undeniable cash flow, I reiterate my Strong Buy rating here. All indications point to the notion that AI is a tailwind, rather than a headwind, for Wix. Wix has gradually transformed from being a commoditized provider of web hosting services (which is increasingly what its core rival GoDaddy is becoming) to a true provider of AI-powered creativity tools, thanks to its acquisition of Base44, which continues to see a massive influx of vibe coding demand. First: we note that Base44 still represents the only true way for investors to gain exposure to a vibe coding tool. Base44 is now the leading app d...
Stocks in Asia were primed to rally Thursday after a US tech rally drove new highs on Wall Street, quelling concerns over inflation that have fueled wagers the Federal Reserve will keep rates higher for longer. Equity index futures for Japan, China and South Korea were all higher early Thursday in Asia. The S&P 500 rose 0.6% Wednesday while the Nasdaq 100 climbed 1% as tech outperformed. In late h...
Stocks in Asia were primed to rally Thursday after a US tech rally drove new highs on Wall Street, quelling concerns over inflation that have fueled wagers the Federal Reserve will keep rates higher for longer. Equity index futures for Japan, China and South Korea were all higher early Thursday in Asia. The S&P 500 rose 0.6% Wednesday while the Nasdaq 100 climbed 1% as tech outperformed. In late hours, Cisco Systems Inc. gave a solid outlook, supporting the bullish tech theme. A drop in oil also helped sentiment on Wednesday, while a $25 billion sale of 30-year bonds saw investors snagging 5% yields on those maturities for the first time since 2007. Megacaps led gains in the S&P 500 , with chiefs from Nvidia Corp. , Tesla Inc. and Apple Inc. joining President Donald Trump ’s business delegation to China. An index of the dollar was fractionally higher Wednesday, while gold fell for a second session. US stocks are hovering near record highs despite growing concern that the war in Iran will keep inflation elevated and weigh on the global economy. Investors have been balancing renewed price pressures against strong corporate earnings and optimism that AI-driven spending will continue to support economic growth and fuel gains in equities. President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world’s two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war. Trump is scheduled to meet with Chinese President Xi Jinping at the Great Hall of the People on Thursday morning. Meanwhile, back-to-back US inflation reports this week have shown mounting price pressures, pushing traders to boost wagers on a Federal Reserve interest rate hike in the coming year. The yield on benchmark 10-year Treasuries rose to the highest since July. US wholesale inflation accelerated in April to the fastest pace since 2022 on a war-driven increase in energy prices that’s feeding into higher...
The overall earnings picture continues to be of all-around strength and a steadily improving outlook, with Q1 results showing nice momentum while expectations for Q2 also trend higher.
The overall earnings picture continues to be of all-around strength and a steadily improving outlook, with Q1 results showing nice momentum while expectations for Q2 also trend higher.
The overall earnings picture continues to be of all-around strength and a steadily improving outlook, with Q1 results showing nice momentum while expectations for Q2 also trend higher.
The overall earnings picture continues to be of all-around strength and a steadily improving outlook, with Q1 results showing nice momentum while expectations for Q2 also trend higher.
Vnet Group (NASDAQ:VNET), a provider of data center hosting and related services in China, closed Wednesday at $11.28, up 25.06%. The stock surged after news of a strategic share purchase agreement with PJ Millennium–affiliated investors linked to Contemporary Amperex Technology
Vnet Group (NASDAQ:VNET), a provider of data center hosting and related services in China, closed Wednesday at $11.28, up 25.06%. The stock surged after news of a strategic share purchase agreement with PJ Millennium–affiliated investors linked to Contemporary Amperex Technology
Expand NASDAQ : VNET Vnet Group Today's Change ( -3.93 %) $ -0.39 Current Price $ 9.54 Key Data Points Market Cap $2.6B Day's Range $ 9.14 - $ 9.64 52wk Range $ 5.14 - $ 14.48 Volume 12.3M Avg Vol 7.6M Gross Margin 22.02 % Vnet Group (VNET 3.93%), a provider of data center hosting and related services in China, closed Wednesday at $11.28, up 25.06%. The stock surged after news of a strategic share...
Expand NASDAQ : VNET Vnet Group Today's Change ( -3.93 %) $ -0.39 Current Price $ 9.54 Key Data Points Market Cap $2.6B Day's Range $ 9.14 - $ 9.64 52wk Range $ 5.14 - $ 14.48 Volume 12.3M Avg Vol 7.6M Gross Margin 22.02 % Vnet Group (VNET 3.93%), a provider of data center hosting and related services in China, closed Wednesday at $11.28, up 25.06%. The stock surged after news of a strategic share purchase agreement with PJ Millennium–affiliated investors linked to Contemporary Amperex Technology. Investors will be watching how the new 38.1% stake shapes governance and AI data center expansion plans. The company’s trading volume reached 63.9 million shares, which is about 754% above compared with its three-month average of 7.5 million shares. Vnet Group went public in 2011 and has fallen 40% since its IPO. How the markets moved today The S&P 500 (^GSPC +0.37%) added 0.59% to finish Wednesday at 7,444.25, while the Nasdaq Composite (^IXIC +0.19%) rose 1.20% to close at 26,402. Within information technology services, industry peer GDS Holdings (GDS 0.40%) closed at $45.7, up 6.90%, while Donaldson (DCI +1.26%) ended at $83.93, down 1.08%, underscoring mixed sentiment across sector rivals. What this means for investors VNET Group shares surged after CATL-linked PJ Millennium entities agreed to buy up to about 650.4 million Class A shares from existing holders at $1.4486 per share, or $8.6914 per American depositary share. The transaction would give the buyers up to about 38.1% of VNET after closing, creating a major ownership shift rather than a direct capital raise for the company. The deal is expected to close in the fourth quarter of 2026 and includes investor rights and voting agreements with founder Josh Sheng Chen and related entities. Investors will be watching for updates on the final ownership structure, closing conditions, and whether the CATL-linked buyers help VNET secure new customers, power, or capacity commitments for China’s AI data center expansion.
Valens Semiconductor (NYSE: VLN) stock surged on Wednesday following the release of the company's first-quarter results. The company's share price ended the day up 9.3% and had been up as much as 13.7% earlier in trading. Valens published its Q1 results before the market opened today, reporting sales and earnings for the period that topped Wall Street's expectations. The company also issued promis...
Valens Semiconductor (NYSE: VLN) stock surged on Wednesday following the release of the company's first-quarter results. The company's share price ended the day up 9.3% and had been up as much as 13.7% earlier in trading. Valens published its Q1 results before the market opened today, reporting sales and earnings for the period that topped Wall Street's expectations. The company also issued promising guidance for the current quarter. Image source: Getty Images. Continue reading
Microsoft Edge is adding a new feature that will allow its Copilot AI chatbot to gather information from all of your open tabs. When you start a conversation with Copilot, you can ask the chatbot questions about what's in your tabs, compare the products you're looking at, summarize your open articles, and more. In its announcement, Microsoft says you can "select which experiences you want or leave...
Microsoft Edge is adding a new feature that will allow its Copilot AI chatbot to gather information from all of your open tabs. When you start a conversation with Copilot, you can ask the chatbot questions about what's in your tabs, compare the products you're looking at, summarize your open articles, and more. In its announcement, Microsoft says you can "select which experiences you want or leave off the ones you don't." The company is retiring Copilot Mode as well, which could similarly draw information from your tabs but offered some agentic features, like the ability to book a reservation on your behalf. Microsoft has since folded these … Read the full story at The Verge.