Markets
35 articles
NextEra to Buy Dominion in $66.8 Billion AI Power Megadeal
NextEra Energy is buying Dominion Energy for $66.8 billion in an all-stock deal that creates the world's largest regulated utility and consolidates the...
BlackRock Weighs $10B SpaceX IPO Investment Ahead of Nasdaq Debut
BlackRock is in talks to invest $5 billion to $10 billion in SpaceX's June 12 Nasdaq IPO, which is targeting a $1.
China Signals Tariff Cuts After Trump-Xi Summit
China's commerce ministry says Beijing and Washington will lower tariffs and expand U.S. farm market access after the Trump-Xi summit
Intel Drags Chip Sector as AI Spending Concerns Rise
Intel led the chip sector to its worst day of 2026. SOXX fell 3.2% on buyer exhaustion and data-center spending doubts.
Copper Hits Record Highs as AI Demand and the Strait of Hormuz Squeeze Global Supply
Copper prices have surged to a fresh record above $13,900 per ton as the Strait of Hormuz crisis chokes acid supplies needed for refining and AI demand...
Ed Yardeni Lifts S&P 500 Target to 8,250
Yardeni Research lifted its 2026 S&P 500 target to 8,250, citing 25.6% earnings growth and a beat rate not seen since 2021.
Cerebras Boosts IPO Range, Targets $48.8B Valuation
Cerebras lifted its IPO range to $150-$160/share, targeting a $48.8 billion valuation as AI chip investors seek a Nvidia challenger.
Netflix's $20 Plan and Streaming's Cable Problem
Netflix's standard plan now costs $19.99 per month after the second price hike in less than two years.
Big Tech's $600B AI Spending vs. Buybacks
Hyperscaler capex now consumes 94% of operating cash flow after dividends and buybacks. Last quarter saw the lowest combined repurchases at the Big Four...
Akamai Soars 16% on $1.8B AI Cloud Deal
Akamai shares jumped 16% Friday after the company landed a $1.8 billion seven-year cloud infrastructure deal with an unnamed frontier AI model provider
Paul Tudor Jones: AI Bull Market Has Another Year
Legendary hedge fund manager Paul Tudor Jones told CNBC the AI bull market is 50-60% complete with another year or two to run
Whirlpool Warns of Recession-Level Decline in Sales
Whirlpool slashed its 2026 EPS guidance roughly in half and suspended its dividend, blaming the Iran war for a 'recession-level' collapse in U.S.