(Bloomberg) — Shares of tiny Healthcare Triangle Inc. stood out as the most actively-traded name on US exchanges on Thursday, another example of how investor exuberance is fueling wild gyrations throughout the equity market. Most Read from Bloomberg The little-known healthcare information technology company saw its stock price more than double to just above five…
(Bloomberg) — Signs of stock-market complacency are emerging as the searing equities rally coincides with an acceleration in earnings downgrades, according to JPMorgan Chase & Co. (JPM) quantitative strategists. Most Read from Bloomberg Stocks have bounced back from April’s slump at an even faster pace than after the Covid pandemic, sending the MSCI World Index…
(Bloomberg) — NXP Semiconductors NV shares slid in late trading after the chipmaker’s third-quarter forecast was less bullish than some investors had anticipated. Most Read from Bloomberg Revenue in the period will be $3.05 billion to $3.25 billion, the Dutch company said in a statement on Monday. Though the midpoint of that range topped the…
(Bloomberg) — FuriosaAI Inc., the Seoul-based startup seeking to design chips to compete with Nvidia (NVDA) Corp., has sealed its first major contract months after rejecting an $800 million acquisition offer from Meta Platforms Inc. (META) Most Read from Bloomberg The startup won final approval for its AI chip RNGD (pronounced “Renegade”) from LG AI…
(Bloomberg) — Aggressive spending on artificial intelligence is mostly being rewarded in the stock market these days. But when it comes to Amazon.com Inc., not so much. Most Read from Bloomberg Amazon’s shares have gained about 3% this year despite the company’s heavy outlays on AI, which it is touting as a path to greater…
(Bloomberg) — The conventional wisdom on Wall Street appears to be that the US stock market’s latest march to records has been unabated because, when it comes to tariff threats, President Donald Trump talks loudly but carries a small stick. Most Read from Bloomberg Yet, regardless of what the levies on imports from remaining trading…
(Bloomberg) — The second-quarter earnings season is off to a ripping start, with consumer strength powering resilient corporate profits. In the stock market, however, the reaction has been fairly quiet, an ominous sign that much of the good news is priced in — and investors are punishing disappointments. Most Read from Bloomberg Take financials, which…
(Bloomberg) — When At Home Group Inc.’s lawyer stood before a US bankruptcy judge last month asking to wipe out nearly $2 billion of the retailer’s debt, the reason came quick: tariffs. It’s a line that’s showing up in more and more courtrooms. Tile importer Mosaic Cos. blamed them in a recent filing. Just weeks…
(Bloomberg) — Oil rose amid signs of tighter supplies in the near term and on stronger demand signals in the US. Most Read from Bloomberg West Texas Intermediate crude rose 1.7% to settle above $67 a barrel, snapping a three-day losing streak. Equity markets advanced — typically a bullish indicator for commodities — after better-than-expected…
The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, said it had no plans to establish a “bad bank” to absorb troubled debt in the financial system, saying that the local banking sector remained healthy and profitable. “Overall, banks in Hong Kong maintain a healthy balance sheet; their credit risk is manageable…