(Bloomberg) — BlackRock Inc. and Microsoft Corp. are partnering on one of the biggest projects yet to finance the expansion of databases and energy infrastructure that are driving the artificial intelligence boom. Most read by Bloomberg The companies, together with United Arab Emirates investment vehicle MGX, will raise $30 billion in private equity over time […]
(Bloomberg) — A rally that had briefly pushed stocks to all-time highs hit a wall when the Federal Reserve signaled it was in no hurry to ease monetary policy after cutting interest rates by half a percentage point. Most read by Bloomberg The S&P 500 gave up a 1% gain as Jerome Powell warned against […]
(Bloomberg) — Traders increased their bets on further easing of monetary policy by the Federal Reserve, and the dollar weakened slightly after the Federal Reserve cut interest rates by half a percentage point for the first time in four years. Most read by Bloomberg This ended weeks of speculation about whether the Fed would begin […]
(Bloomberg) — Intel Corp. has made a series of announcements in the past 24 hours to prove that the turnaround at the struggling chipmaker is beginning to bear fruit. Most read by Bloomberg Chief among them: The company struck a multibillion-dollar deal with Amazon.com Inc.’s cloud unit Amazon Web Services to jointly invest in a […]
(Bloomberg) — Intel Corp. said Monday that it is eligible for up to $3 billion in U.S. grants to make chips for the military, confirming an earlier report by Bloomberg. Most read by Bloomberg The project, called “Secure Enclave,” aims to ensure a steady supply of cutting-edge chips for defense and intelligence purposes. Lawmakers have […]
(Bloomberg) — While stock volatility is rising again, this increase is different from that seen a month ago. Most read by Bloomberg It all started with a large options trade on the CBOE volatility index made last week. The impact of his hedge was further proof that the market “breaks” when traders become vulnerable to […]
(Bloomberg) — Stocks have given up earlier gains as Wall Street becomes nervous in the countdown to the highly anticipated U.S. jobs report. Most read by Bloomberg The S&P 500 fell for the third day in a row, despite a rally in some major technology stocks. Treasuries barely moved, and traders were expecting the US […]
(Bloomberg) — September has historically been a terrible month for traders, and with lingering questions about the Federal Reserve’s expected rate cut, it’s likely to be even harder to navigate in 2024. Most read by Bloomberg Bonds, stocks and gold typically suffered losses this month as traders reassessed their portfolios after the summer break. The […]
(Bloomberg) — Boeing Co. shares slumped Tuesday after Wells Fargo & Co. issued a rare bearish assessment of the stock, saying there was little upside potential for the stock. Most read by Bloomberg Shares fell as much as 8.3%, hitting their lowest daily level since November 2022, as analyst Matthew Akers downgraded his recommendation on […]
(Bloomberg) — Stocks fell at the start of a tough month for the market, as traders braced for a deluge of data that could shed light on the health of the world’s largest economy. Most read by Bloomberg Wall Street traders have been trimming some risk after a rally that pushed the S&P 500 near […]
