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Verizon to shed 274 stores, lay off another 500 corporate employees
Reuters33d agobearish
Verizon to shed 274 stores, lay off another 500 corporate employees

U.S. wireless carrier Verizon ‌said it ‌will sell 274 company-owned ​retail locations and cut about 500 corporate jobs as ‌part of ⁠its ongoing restructuring. In total, the ⁠moves will impact about 3,000 ​retail and ​corporate ​employees. Verizon ‌will own 1,000 stores after the sale effective Aug. 16.

Bloomberg33d agobearish
Oracle Risks Falling Behind in AI Race as Spending Binge Bites

(Bloomberg) -- Oracle Corp.’s ambitions to dominate the artificial intelligence buildout are running into a key hurdle: funding a spending spree without further damaging its credit standing.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOnePlus, Once Popula

If the AI Boom Is So Strong, Why Are Memory Stocks Crashing?
24/7 Wall St.33d agobearish
If the AI Boom Is So Strong, Why Are Memory Stocks Crashing?

Tech giants are pouring hundreds of billions into AI infrastructure, yet memory chipmakers are watching their stock prices crater. The reason Wall Street is selling has almost nothing to do with demand, and everything to do with what comes next.

Chip Weakness Takes Hold, Nasdaq Stumbles
Barrons.com33d agobearish
Chip Weakness Takes Hold, Nasdaq Stumbles

Chip stock weakness was taking its toll on Thursday, and tech stocks were losing steam. The Nasdaq was down 0.6%, while the S&P fell 0.1%. The Dow looked for direction near the flatline. Memory chip stocks, like Western Digital and Micron, were some of the worst performers premarket though the chip space struggled broadly.

Short sellers rack up $8.7 billion profit as SpaceX slips below IPO price -Ortex
Reuters33d agobearish
Short sellers rack up $8.7 billion profit as SpaceX slips below IPO price -Ortex

Short sellers ‌targeting SpaceX shares ​are sitting on an estimated $8.7 billion in ‌paper ⁠profit since the rockets-to-AI ⁠firm's initial public offering, ​as ​its ​stock slipped ‌below the IPO price, according to data and analytics ‌firm ​Ortex ​Technologies. Short ​sellers aim ‌to sell borrowed ​shares ​to buy them back ​at ‌a profit. (Reporting ​by Saqib Iqbal ​Ahmed)

Why Is Buffett Back On TV As Berkshire Shares Fall?
24/7 Wall St.33d agobearish
Why Is Buffett Back On TV As Berkshire Shares Fall?

Warren Buffett is back on TV, and on CNBC, to be specific. As he left, he would be “going quiet.” As chairman of Berkshire Hathaway (NYSE: BRK-B), he added, “I enjoy the chance to keep in touch with you.” The person to “keep in touch” with is supposed to be the new CEO, Greg Abel. ... Why Is Buffett Back On TV As Berkshire Shares Fall?

Warner Bros. Discovery (WBD) Faces State Lawsuit Over $110 Billion Merger Pause
Simply Wall St.33d agobearish
Warner Bros. Discovery (WBD) Faces State Lawsuit Over $110 Billion Merger Pause

A coalition of 12 state attorneys general, led by California, has filed an antitrust lawsuit to block the proposed Paramount, Skydance, and Warner Bros. Discovery (NasdaqGS:WBD) merger valued at about US$110b. The states have also submitted emergency motions seeking a temporary restraining order, prompting immediate court hearings and a likely pause to the transaction. The filings allege threats to competition and consumer harm, as well as concerns about market concentration and special...

Is Procter & Gamble (PG) Still Undervalued With 7,000 Job Cuts?
Simply Wall St.33d agobearish
Is Procter & Gamble (PG) Still Undervalued With 7,000 Job Cuts?

Procter & Gamble stock has delivered a total return of about 20.8% over the past five years, and current valuation checks suggest the market price may still sit below an intrinsic value estimate based on a Discounted Cash Flow (DCF) model and earnings multiples that both screen as undervalued. Around 20.8% total return over five years points to steady long term value creation rather than a sharp rerating. Planned cuts to up to 7,000 non manufacturing roles can support margins and cash...

Jim Cramer says AI bubble fears miss the market’s real risk
TheStreet33d agobearish
Jim Cramer says AI bubble fears miss the market’s real risk

Investors worried about another dot-com crash may be asking the wrong question. Jim Cramer argues that pockets of speculation do not make the entire stock market a bubble. Compared with the late 1990s, many of the companies leading the current rally generate substantial revenue, earnings, and cash ...

Is the chip stock sell-off becoming a 'chicken or the egg' situation?
Yahoo Finance Video33d agobearishVIDEO
Is the chip stock sell-off becoming a 'chicken or the egg' situation?

It's a mixed bag for US equity futures (ES=F, NQ=F, YM=F) in Thursday's pre-market trading as chip stocks continue to sell-off, catalyzed by Taiwan Semiconductor Manufacturing Company's (TSM) failure to impress Wall Street investors with its robust earnings results. Morning Brief Host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Business Insider Today executive editor Dan DeFrancesco to address the turmoil occurring in the AI and memory chip space, coming after SK Hynix's (SKHY, 000660.KS) US debut last week.