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'AI Craze' Powers Best Week in 2024 for Stocks: Markets Wrap

(Bloomberg) — A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh of relief after the latest inflation data came roughly in line with estimates. Equities headed toward their best week in 2024 after Microsoft Corp. and Google’s parent Alphabet Inc. sent a clear message to investors: Our…
United States United Kingdom New York Janus Henderson Michael Hartnett Solita Marcelli

Apollo, KKR, Stonepeak Weigh Investing Billions in Intel Chip JV

(Bloomberg) -- Apollo Global Management Inc., KKR & Co. and Stonepeak may inject billions of dollars into a joint venture that will help fund Intel Corp.’s semiconductor fabrication facility in Ireland, according to people with knowledge of the matter.Most Read from BloombergApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesBHP’s $39 Billion Copper Play Was Years in the MakingPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingWall Street ...
United States Ian King Bloomberg Businessweek Bloomberg Apollo Global Management Inc Intel Corp Brookfield Infrastructure Partners
Source: yahoo.com

TikTok Ultimatum Makes US Firms a Target for China Retaliation

(Bloomberg) -- Now that President Joe Biden has signed off on a law that could expel TikTok from the US market, Beijing must decide how best to retaliate over an attack on the world’s most-valuable start-up. Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTech Giants Hit in Late Hours After Meta’s Ou...
United States San Francisco White House District Of Columbia North Korea Zhu Feng
Source: yahoo.com

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Micron Clinches Total of up to $13.6 Billion in US Grants, Loans

(Bloomberg) -- The US plans to award Micron Technology Inc. $6.1 billion in grants and as much as $7.5 billion in loans to help the memory-chip maker build new American factories, rounding out a slew of major federal awards for advanced semiconductor manufacturing. Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityZuckerberg Asks for Patience as Meta’s AI Push S...
United States New York Bloomberg Businessweek Joe Biden Gina Raimondo Micron Technology Inc
Source: yahoo.com

Morning Bid: Gearing up for the tech roller-coaster ride

Tech stocks are yet again set to sway the wider markets after a lacklustre forecast from Facebook parent Meta Platforms sparked a broad sell-off across regions. Asian tech stocks followed suit and were down 2%, with tech heavy Taiwan and South Korean stocks both down 1%. Deutsche Bank, BNP Paribas SA and Barclays Plc are due to report their earnings and the focus will be on their net interest margin especially with interest rates in Europe and UK priced to fall in the second half of the year.
United Kingdom South Korea South Korean Kazuo Ueda Muralikumar Anantharaman Ankur Banerjee
Source: yahoo.com

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