Fermi’s stock sank to a record low, as Project Matador has yet to secure its first client, and the company didn’t provide clarity on when it would.
Curated and linked market/company news with enrichment tags.
Newest first. Open any item to read the original source.
Fermi’s stock sank to a record low, as Project Matador has yet to secure its first client, and the company didn’t provide clarity on when it would.
Sysco’s stock tumbles after announcing a $29.1 billion cash-and-stock deal to buy Jetro Restaurant Depot.
Airfare has climbed for routes around the world, driven by higher fuel prices since the U.S. and Israel attacked Iran.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Bailey Lipschultz, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Nike's performance in China will be under the microscope.
CIBC Private Wealth Senior Energy Trader Rebecca Babin discusses US oil settling above $100 per barrel for the first time since the start of the Iran War, and why the oil situation is moving from a 'chokehold' to a 'stranglehold.' She talks with Katie Greifeld and Bailey Lipschultz on "The Close." (Source: Bloomberg)
CIBC Private Wealth Senior Energy Trader Rebecca Babin discusses US oil prices settling above $100 per barrel for the first time since the start of the Iran War, and how the Houthis in Yemen could drive up prices. She talks with Katie Greifeld and Bailey Lipschultz on "The Close." (Source: Bloomberg)
Kid Rock is a leading supporter of President Donald Trump, the subject of "No Kings" demonstrations around the U.S. on the day the helicopters showed up.
Analysts are divided over whether Microsoft’s diversified business model is a long-term AI advantage or a convenient present-day excuse.
The Iran war has stalled shipments of oil and its products through the Strait of Hormuz, raising concerns among Chinese manufacturers about supply chain disruptions.
Retired Marine Corps Major General Mastin Robeson said that increased troops sent to the MidEast means that the US has 'positioned sufficient assets' to be able to enact leverage over negotiations to open the Strait of Hormuz and end the war with Iran. Robeson also discussed how the war has impacted the US relationship with China, as Xi moves to invite Taiwan's opposition leader for a meeting ahead of the scheduled Trump, Xi meeting in May. (Source: Bloomberg)
Eric Nuttall, senior portfolio manager at Nine Point, said that oil disruption from war with Iran is projected to be worse than during the COVID pandemic as the Strait of Hormuz remains closed. Nuttall said that the oil companies are quickly working their way through the buffer supply of oil and expects that it will lead to physical shortages of oil barrels. (Source: Bloomberg)
Since reporting blowout earnings March 18, the memory maker's shares have slid about 30%.
A need for liquidity may be playing a role in the decision of some countries to reduce their holdings of U.S. government debt.
Cybersecurity stocks have plunged this year on worries that AI will disrupt their business models.
Kid Rock is a leading supporter of President Donald Trump, the subject of "No Kings" demonstrations around the U.S. on the day the helicopters showed up.
Oil prices climbed on Monday after Yemen's Houthis said they had fired missiles at Israel, opening a new front in the U.S.- and Israeli-led conflict with Iran.
“My parents knew nothing about finance and investing, so my buddies and I had to figure it out on our own.”
Federal Reserve Bank of New York President John Williams said interest rates were well positioned amid signs of significant supply chain disruptions due to war in the Middle East.
Federal Reserve Chair Jerome Powell spoke Monday at Harvard University.
Former Suriname President Chandrikapersad “Chan” Santokhi died unexpectedly on Monday, the government announced, after leading the small but oil-rich South American nation until last year.
The S&P 500 is down 7.7% since the Iran conflict began — worse than the median 6.1% decline during previous geopolitical shocks.
Crude prices jumped Monday as uncertainty over an endgame for the war increases
Kathaleen McCormick, a judge in Delaware's Court of Chancery, is reassigning cases involving Elon Musk to other judges in the state's business court.