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Ackman's $10B Bet to Turn Pershing Into a Global Giant
Bill Ackman is pitching investors on a sweeping plan to take Pershing Square public alongside a new closed-end fund in a deal that could raise as much as $10 billion and dramatically expand the firm's reach, Bloomberg reports.
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Meta to Buy Moltbook, Social Network for Bots
Meta said Wednesday it is acquiring Moltbook, a social network built exclusively for artificial intelligence agents to make posts and interact with each other.
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Amazon Leads Bond Sale Rush With $50B Offering
Amazon has kicked off a corporate borrowing binge, launching nearly $50 billion in bond offerings and triggering the busiest day ever for U.S. corporate debt sales as companies rushed to take advantage of calmer financial markets, The Financial Times reports.
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Jobs Shock Hits Amid Oil Surge
The latest jobs report delivered a jolt that caught economists and investors off guard. And its impact could reach far beyond the jobs numbers themselves.
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AT&T Unveils $250B Investment Plan in AI Age
AT&T plans to invest more than $250 billion over ve years in the U.S. to build out its network infrastructure, the telecom services provider said Tuesday.
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Elon Musk's SpaceX Weighs Nasdaq for $1.75 Trillion IPO
Elon Musk's rocket and satellite maker SpaceX is leaning toward listing its shares on Nasdaq for what could rank as the biggest initial public offering of all time, according to four people familiar with the company's thinking.
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Bond Markets Rocked as Oil Surge Fuels Inflation Fears
Global bond markets tumbled Monday as a surge in oil prices forced investors to rethink the outlook for interest rates - and raised fresh fears of inflation just as economic growth shows signs of slowing, Bloomberg reports.
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Yardeni Raises Odds of US Market Meltdown to 35%
Veteran market strategist Ed Yardeni is warning that escalating conflict with Iran is sharply increasing the risk of a major selloff in U.S. stocks this year, Bloomberg reports.
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Technical Deterioration: Risk Management Is Key
The S&P 500 closed at 6,740 on Friday, its lowest level since mid-December, as technical deterioration, collapsing payrolls, and $100 oil converged on the charts. Every major moving average has broken. Here's what comes next.
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Small Investors Become Dip Buyers as Energy Shock Sinks Stocks
Retail traders in Asia are loading up on borrowed money to fund purchases in their brokerage accounts, traders and dealers said, as they chase oil and energy prices higher and scoop up sinking stocks.
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Stagflation Shock: Investors Pile Into Oil, Dollars
Fear of stagflation is sweeping through global markets , and investors are moving their money accordingly, Bloomberg reports.
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Airline Shares Battered as Oil Spikes, Iran War Intensifies
Surging oil prices and the escalating U.S.-Israeli war with Iran hammered airline stocks in Asia Monday, piling pressure on carriers already navigating tight airspace as travelers scramble to evade the Middle East conflict.
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Investors Seek Refuge in Money Market Funds
Global investors piled into money market funds, data shows, seeking their short-term safety appeal as the U.S.-Israeli conflict with Iran escalated and threatened global growth and inflation stability.
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Investors Cling to Shock-Absorber Trades as Iran War Brings Economic Visibility to Zero
Some of the most crowded trades of the past year are emerging as the key shock absorbers for any potential market pain as war in the Middle East moves into a second week, bringing visibility over inflation and monetary policy to zero.
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Oracle to Slash Thousands of Jobs Due to Costly AI Push
Oracle Corp. is preparing to cut thousands of jobs as the software giant grapples with soaring costs tied to its aggressive push into artificial intelligence infrastructure, people familiar with the matter tell Bloomberg.
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Broadcom Rises 7% on $100B in AI Chip Sales in 2027
Broadcom shares jumped about 7% before the bell Thursday after the company said it expects artificial intelligence chip sales to top $100 billion in 2027, as it pushes into a market long ruled by Nvidia.
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Gold, Oil and Your Savings
Rising geopolitical tensions in key oil-producing regions are once again rattling global markets.
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Gold Retreats on Strong Dollar, Delayed Rate-Cuts
Gold prices drifted lower Tuesday, weighed down by a stronger dollar and fading prospects of an interest rate cut as inflation concerns intensified against the backdrop of a potentially prolonged Middle East conflict.
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Bond Markets Gripped by Inflation Fear, Prompting Rate-Cut Bets to Fall
Government bond markets from the euro zone to the United States and Britain sold off sharply on Tuesday as the air war in the Middle East drove oil and gas prices higher and rekindled inflation fears.
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US Dollar Advances as Mideast Tensions Spur Flight to Safety
The U.S. dollar extended gains Tuesday as the deepening conflict in the Middle Eastrekindled inflation concerns and prompted a flight to safety, while the yen hit its lowest in over five weeks.
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Paramount's $110B Warner Deal Nears FCC Clearance
Paramount's $110 billion bid to acquire Warner Bros. Discovery appears increasingly likely to clear federal regulators, with signals that the Department of Justice will not block the deal, the Financial Times reports.
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Target Forecasts Annual Sales, Profit Above Estimates
Target forecast annual sales and profit above estimates Tuesday as it prepares for a new era under CEO Michael Fiddelke, who is focusing more on remodeling the retailers' stores and bolstering its digital business.Shares of the Minneapolis-based retailer were up 4% in...
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Paramount+, HBO Max to Merge as Single Streamer
If regulators sign off on Paramount's acquisition of Warner Bros. Discovery, two major streaming platforms - HBO Max and Paramount+ - will become one, CNBC reports.
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Travel Stocks Slide as Oil Spikes on Mideast Conflict
Airlines and cruise operators were among the steepest premarket decliners Monday as escalating conflict in the Middle East rattled investors and sent oil prices sharply higher, Barron's reports.
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Gold Jumps 2% to $5,388 on Rush to Safe Havens
Gold prices rose more than 2% as U.S.-Israel strikes on Iran expanded Monday with no end in sight, stoking fears of wider geopolitical and economic uncertainty and sparking a flight to safe havens.