Financial News

FTSE Russell announced a preliminary list of changes to its indexes on Friday after the market closed—and some Big Tech names are being reclassified. Google parent Alphabet and Advanced Micro Devices were among the largest stocks that will be removed from the That means those stocks will move to pure growth status by FTSE Russell’s standard. Apple and Microsoft on the other hand, will join the value index—and move from pure growth classification to a blend of growth and value.

BMO Financial Group recently launched a collaboration with Best Buy Canada, offering eligible post-secondary students who open and fund a BMO Student Chequing Account a C$200 Tech Reward that can be used on a curated range of products from brands such as Sony, JBL, Nespresso, Dyson and Google Fitbit. At the same time, Best Buy is preparing for an upcoming earnings report while managing product shortages and a pending CEO transition, which together are shaping how investors think about its...

Nvidia once again delivered a blowout quarter, but investors increasingly questioned whether even exceptional results can justify extreme valuations across semiconductors and AI

Google slashed the price of its Gemini enterprise offering by 20% to undercut OpenAI and Anthropic.

On May 20, 2026, Snap Inc. expanded its board of directors to thirteen members by appointing Luke Wood, former Beats by Dr. Dre President and Apple Vice President, who also leads Violet St Holdings and sits on Fender Musical Instruments’ board. By bringing in a director with deep consumer electronics, music, and brand-building experience, Snap is signaling a focus on strengthening leadership around product, partnerships, and monetization opportunities. We’ll now examine how Luke Wood’s...

Trillion dollar companies are typically profitable. SpaceX lost about $5 billion in 2025, according to its IPO registration statement.

Amazon (AMZN) is one of the world’s largest online retailers and a hyperscaler thanks to its Amazon Web Services. The key driver for the stock has become artificial intelligence. The stock is up about 16.31% year to date, at the time of writing, Friday morning, May 22, according to Yahoo Finance. ...

NVIDIA and Alphabet delivered some of the biggest highlights from the Mag 7 group in the Q1 earnings cycle, with Google Cloud sales showing bullish acceleration while NVIDIA's Data Center results again broke records.

Nvidia is offering a peek behind the curtain of its data-center business. The new disclosure is meant to assuage investor worries about future growth.

(Bloomberg) -- Anthropic PBC is set to close its latest round of funding, which may top $30 billion at a valuation above $900 billion, as soon as next week, according to people familiar with the matter, vaulting ahead of rival OpenAI to become the world’s most valuable AI startup.Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran in Talks With Oman Over Permanent Hormuz Toll SystemUAE Joins Saudis,

(Updates with comments from Morgan Stanley starting in 13th paragraph.) Rising interest rates wo

Tae Kim, author of “The Nvidia Way” and founder of Key Context, says Nvidia Corp. is trading at its cheapest valuation in years despite accelerating fundamentals. Cheap On Every Metric That Matters "We're talking about nearly 80% growth on an...

A young saver opens a Schwab account, picks the Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) over a plain S&P 500 fund because they want a growth tilt at almost no cost, and assumes 197 holdings buys them diversification. The math says otherwise. SCHG’s top 10 names drive 59% of the portfolio, which means more than ... SCHG’s Top Ten Holdings Now Drive 59 Percent of the Fund, Creating Hidden Single Stock Risk

Alphabet's Google on Friday appealed a Washington federal judge's ruling ‌that it holds illegal monopolies in online search ‌and related advertising. • Google argued that U.S. ​Judge Amit Mehta made legal errors in his 2024 ruling, which found the company illegally blocked competitors by paying billions of dollars annually to firms including Apple ‌to be the ⁠default search engine on new devices. • The arrangements did not prevent the device ⁠makers and browser developers from promoting rival search services like Microsoft's Bing, Google argued.

JPMorgan Chase (NYSE:JPM) has partnered with Cohen & Steers to offer a new hybrid credit fund to clients outside the U.S. through its global wealth platform. The bank has reorganized its investment banking unit, appointing new co heads and adjusting sector coverage to respond to global dealmaking activity. In Chicago, JPMorgan is working with Google on a redevelopment of a key downtown commercial area, tying the bank more closely to a high profile urban renewal project. For investors...

Strong first-quarter earnings growth and resilient AI spending are prompting strategists at UBS and CIBC to raise their S&P 500 targets.

Wedbush Securities has added Datadog Inc (NASDAQ:DDOG) and SK Hynix (KRX: 000660) to its closely watched IVES AI 30 list, citing the memory super-cycle and AI observability as two of the most compelling themes in the current phase of the artificial intelligence buildout. In a note to clients,...

Qualcomm is on a big run, powered by investor bullishness that the company will be at the center of a boom in AI devices.

Rising interest rates won't stop companies such as Alphabet's (GOOG, GOOGL) Google, Amazon (AMZN) an

Trillion dollar companies are typically profitable. SpaceX lost about $5 billion in 2025, according to its IPO registration statement.

Alphabet (GOOG, GOOGL) unit Google's new AI ad tools should help reduce concerns about competition f

The data center buildout doesn’t seem like it’s about to slow down. As more firms look to step up and supply AI compute, some of which (unlike the cash-rich hyperscalers) are risking their shirts by going into debt, it feels like timing the peak in the AI boom or the beginning of an AI bubble ... The AI Data Center Buildout Is Accelerating, and Nuclear Could Be the Most Underowned Piece of the Puzzle

https://www.bloomberg.com/news/articles/2026-05-22/anthropic-to-close-over-30-billion-round-as-soon-as-next-week

Google demoed prototype Android XR glasses that overlay Gemini-powered translation, navigation, and other information directly into your field of view.

https://www.anthropic.com/research/glasswing-initial-update

Semtech (SMTC) is likely to report "upside" to fiscal Q1 results and fiscal Q2 outlook as demand for

Meta resolves a major school district case, but roughly 1,200 related lawsuits remain pending.

Elon Musk's private space operator, SpaceX (SPAX.PVT), released its S-1 filing this week as it plans to go public via IPO in June. The Wall Street Journal has reported that AI developer OpenAI (OPAI.PVT) is preparing to file for its own mega-IPO. As investors anticipate this mega-IPO, should they be equally cautious as they are bullish on these companies ? Portfolio Wealth Advisors president and CIO Lee Munson, Yahoo Finance Markets and Data Editor Jared Blikre, and Senior Business Reporter Ines Ferré weigh in on the wave of upcoming IPOs.

Whale Rock Capital Management, run by the very impressive Alex Sacerdote, is having its moment in the sun after yet another incredible quarter. Indeed, the fund might be lesser-known compared to some of the other giants out there, but it’s rising through the ranks — and fast, thanks in part to a very unique mix ... This Alphabet‑Heavy Fund Has a Front‑Row Seat to the AI Boom — and the Market Can See Why It’s Suddenly a Top Performer

IBM (NYSE: IBM) surged 12.4% to close at $252.97 on May 21, 2026, after the Commerce Department announced $2.0 billion in quantum computing grants to nine companies. The headline? IBM secures $1 billion in government funding for a new quantum chip foundry called Anderon, with IBM matching the investment dollar-for-dollar. The stock's reaction was swift and decisive.