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Gap Shares Plummet After Retailer Lowers Sales Outlook

by Bloomberg.com | May 28, 2026 | AlphaTack Intel | 0 Comments

Gap Inc. shares plunged after it lowered its outlook for net sales growth for the year. The retailer now sees net sales up as much as 2%, after previously forecasting as much as 3% growth. Overall comparable sales, as well as comparable sales for the Old Navy, Banana...

Anthropic Valued at $965 Billion After Latest Funding Round, Eclipsing OpenAI

by Bloomberg.com | May 28, 2026 | AlphaTack Intel | 0 Comments

Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. The funding, announced Thursday, was led by Altimeter...

Bitcoin Falls to Six-Week Low Amid War Jitters, ETF Outflows

by Bloomberg.com | May 28, 2026 | AlphaTack Intel | 0 Comments

Bitcoin fell to its lowest level in more than six weeks as jitters over the US-Iran war and outflows from US exchange-traded funds weighed on the largest cryptocurrency. Bitcoin dropped as much as 3.3% to $72,643 on Thursday, its weakest since April 13. It was trading...

China Chip Giant CXMT’s IPO Revives Memories of Past Market Tops

by Bloomberg.com | May 27, 2026 | AlphaTack Intel | 0 Comments

The buzz surrounding ChangXin Memory Technologies Ltd.’s anticipated IPO is also triggering anxiety in parts of China’s market, where investors recall earlier mega-deals that absorbed vast amounts of liquidity and marked turning points for equities. Hefei-based CXMT,...

China’s Declining Appetite for Oil Laid Bare by Iran War

by Bloomberg.com | May 27, 2026 | AlphaTack Intel | 0 Comments

Chinese imports of crude oil are set to drop to levels not seen since the pandemic, as the war in Iran reveals the extent to which demand has disappeared and may not be coming back. Inbound shipments could fall to an average of 10.9 million barrels a day this year,...

KKR’s Nuttall Says Trading Private Credit Is ‘Likely to Happen’

by Bloomberg.com | May 27, 2026 | AlphaTack Intel | 0 Comments

KKR & Co.’s co-chief executive officer Scott Nuttall said it was likely that the alternative asset manager would eventually start trading private credit, following early efforts by Apollo Global Management Inc. to create a market for less liquid debt. “The...

JPMorgan and BofA CEOs Predict New Round of Trading Windfalls

by Bloomberg.com | May 27, 2026 | AlphaTack Intel | 0 Comments

Wall Street banks are predicting another banner quarter for their trading desks. Bank of America Corp. expects second-quarter revenue from sales and trading to increase about 15% from a year ago, Chief Executive Officer Brian Moynihan said Wednesday. And JPMorgan...

BOJ’s Ueda Warns of Oil Shock Impact on Entire Inflation Regime

by Bloomberg.com | May 26, 2026 | AlphaTack Intel | 0 Comments

Bank of Japan Governor Kazuo Ueda indicated the need for vigilance over the impact of oil price spikes on the underlying inflation trend without dropping a clear hint on how that dynamic might influence the outcome at next month’s policy meeting. “Japan’s experience...

US Consumer Confidence Slips Amid Widespread Price Worries

by Bloomberg.com | May 26, 2026 | AlphaTack Intel | 0 Comments

US consumer confidence edged down in May as views of current economic conditions settled back amid rising prices due to the war in Iran. The Conference Board’s gauge of confidence decreased 0.7 point to 93.1 after an upward revision to the prior month, data released...

SpaceX IPO: Should I Buy It, Or Wait?

by Lance Roberts | May 23, 2026 | AlphaTack Intel | 0 Comments

🏛️ Market Brief – Warsh Takes The HelmThe week opened on the back foot and ended at a record high. The S&P 500 closed Friday at 7,473.47, up 0.37% on the day and 0.9% for the week, notching its eighth straight winning week. That’s the longest weekly win streak...