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WH Smith Cuts Outlook, Seeks Capital as Iran War Weighs on Sales

A WH Smith store at an airport in Spain. Photographer: Xavi Lopez/LightRocket

Bloomberg Markets 10h ago

Alphabet is seeking fresh capital as stock's 4-week losing streak tests investor appetite

A month ago, Alphabet briefly surpassed Nvidia by market cap. The stock has since been on a downward slide, and is on pace to wrap its fourth straight weekly drop, the longest losing streak in more than a year. That's the market mood Alphabet faces as it pursues $85 billion in fresh capital to help fund its artificial intelligence build-out.

CNBC 5d ago

Intel: Our upcoming AI chip will be cheaper, run cooler than Nvidia, AMD options

Intel plans to ship an AI chip by the end of this year that uses cheaper memory and cooling technology than rival offerings from Nvidia and AMD, as the US chipmaker seeks to capitalize on a sharp turnaround in its fortunes. Kevork Kechichian, who leads Intel’s data center group, told the FT that the company is “starting with the basics” as it tries to challenge its rivals in the booming market for semiconductors that power AI. Its new “Crescent Island” graphics processing unit is designed to...

Ars Technica 9d ago

Meta weighs big equity raising to finance AI infrastructure, FT reports

Meta weighs big equity raising to finance AI infrastructure, FT reports June 5 : Meta is considering raising tens of billions of dollars in a stock offering as it seeks new sources of capital to fund the company's AI ambitions, the Financial Times reported on Friday. The report comes after Alphabet moved to raise $84.75 billion in upsized equity offerings, as Big Tech competes to build data centers and capitalize on growing demand for AI. Meta executives have been exploring "creative" ways...

Channel News Asia 4d ago

'Blind spots': May drone alert highlights poor access to air raid shelters for Lithuanians

At the end of 2024, Lithuania had 6,344 shelters, which could protect 53% of the population, the country's National Audit Office said in a report last year. When a drone threat alert blared out in Lithuania's capital Vilnius urging residents to seek shelter, Rūta Gaškauskaitė hurried down to the nearest one, only to discover it was locked. Squeezed between Russia and Kremlin-allied Belarus, Lithuania has been warning for years of the risks to Russia's Baltic neighbours.

Euronews 7d ago

Short-Sellers Are Lining Up to Take Bets Against Bond ETFs

Short-sellers are increasingly targeting bond ETFs, with Carson Block of Muddy Waters Capital LLC shorting Elf Beauty Inc. shares. This trend highlights the growing interest in taking bets against bond ETFs, as investors seek to capitalize on market fluctuations. The move by Block underscores the importance of careful analysis and strategic decision-making in the world of finance.

Bloomberg Markets 11d ago

Dell’s shares soar 35% as US computer maker taps into AI fervour

Dell’s shares surged 35% after the company reported strong earnings, driven by increased demand for its AI-powered products. The rally is a testament to Wall Street’s enthusiasm for companies involved in artificial intelligence, with investors seeking to capitalize on the growing trend. As a result, Dell’s stock price has risen significantly, reflecting the company’s success in tapping into the AI fervour.

Financial Times 12d ago

This winning high-yield bond strategy limits risk while seeking under-the-radar opportunities

Hunter Hayes of Intrepid Capital described an “incredibly healthy” market for high-yield bonds and a conservative approach to investing in the space.

MarketWatch 8d ago

Russia launches devastating missile strike on Kyiv as residents seek shelter

Russia launches devastating missile strike on Kyiv as residents seek shelter Kyiv has been bombarded by ballistic missiles days after Russian President Vladimir Putin told diplomats to leave the city. Kyiv has come under a barrage of ballistic missiles just days after Russian President Vladimir Putin instructed diplomats to evacuate the city. Thick clouds of smoke were spotted billowing over the Ukrainian capital on Tuesday, June 2, as residents were urged to seek refuge underground.

Daily Mirror 8d ago

Jim Cramer warns excess supply could be the next biggest threat to the bull market

CNBC's Jim Cramer warned Wednesday that a wave of capital raises tied to the artificial intelligence boom could create a near-term headwind for stocks. "Bull markets can be killed by business conditions or interest rates or geopolitical turmoil, but the thing that most easily leads them to the slaughterhouse is an excess of new supply," the "Mad Money" host said. "Like any market, when supply outstrips demand, prices go right down."

CNBC 6d ago