Jensen Huang during the China International Supply Chain Expo in Beijing (Bloomberg) — Nvidia Corp. made history last week when it became the first company ever to have a market value of $5 trillion. But that’s just one way it’s casting a shadow over the global economy. Most Read from Bloomberg The chipmaker at the…
The European Union welcomed China’s suspension of expanded rare earth restrictions imposed last month, even as crisis talks in Brussels on Friday appeared to yield no relief for European firms still constrained by the original export controls. After a full day of talks in the Belgian capital, the European Commission described the pause in controls…
(Bloomberg) — Cloudflare Inc. shares surged to a record after posting better-than-expected sales figures that topped quarterly and annual estimates, following a reorganization and the addition of more large enterprise customers. The cybersecurity firm projected sales of $589 million in the fourth quarter, exceeding analysts’ estimates of $580.9 million on average. Cloudflare’s revenue totaled $562…
(Bloomberg) — In late 2024, OpenAI, still recovering from the aftershock of the brief, messy ousting of Sam Altman, initiated what it hoped would be a relatively straightforward process of converting to a more traditional for-profit business that would be more appealing to investors. Then came the pushback. Most Read from Bloomberg Elon Musk, an…
(Bloomberg) — Pending sales of existing US homes stalled in September, suggesting anxiety about the job market kept potential buyers sidelined despite a welcome easing in mortgage rates. Most Read from Bloomberg An index of contract signings held at 74.8 after climbing a revised 4.2% a month earlier to the highest level since March, according…
On Wednesday and Thursday, five firms that account for about a quarter of the US benchmark — Microsoft Corp., Alphabet Inc., Meta Platforms Inc., Amazon.com and Apple Inc. — will report results. A gauge of the “Magnificent Seven” megacaps jumped 2.6%. On trade, Trump told reporters on Monday that “I really feel good” about a deal with…
(Bloomberg) — The stock market isn’t particularly volatile. Still, it’s fragile. A spike and quick reversal in volatility gauges on fairly benign S&P 500 Index moves over the past two weeks has renewed discussion about market fragility, with long periods of calm being broken up by sudden oversized swings. Most Read from Bloomberg The latest…
Apple Maps could feature integrated ads as soon as next year, Bloomberg‘s Mark Gurman reports. In his latest “Power On” newsletter, Gurman said that Apple’s plan to bring more ads to iOS is moving “gaining traction,” with the Maps app being next in line. The project will apparently give restaurants and other businesses the option…
(Bloomberg) — The Trump administration is launching a trade investigation that opens the door to new tariffs on Chinese goods, ratcheting up tensions ahead of a highly anticipated summit next week between the countries’ leaders. Most Read from Bloomberg US Trade Representative Jamieson Greer on Friday announced the opening of a probe into whether China…
S&P 500 signage displayed at the New York Stock Exchange (NYSE) in New York. (Bloomberg) — Over the past few years, few stocks in the US have been hotter than AppLovin Corp. The mobile advertising technology company’s shares have soared more than 5,500% since the end of 2022, making them the second best performer in…