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Guzman Y Gomez Gives Up on Failing US Business; Shares Soar
Bloomberg90d agobullish
Guzman Y Gomez Gives Up on Failing US Business; Shares Soar

(Bloomberg) -- Australian burrito chain Guzman y Gomez Ltd. said it’s closing its Chicago restaurants and exiting the US after failing to generate adequate sales. The company’s shares soared.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Modi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz Toll SystemDow Average Climbs to Record on US-Iran De

Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
Reuters90d agoneutral
Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes

Alphabet's Waymo said on Thursday it has suspended its robotaxi service on freeways ‌in the United States and paused its operations ‌in Atlanta, Georgia as it updates software to improve performance around ​construction zones and flooded roadways. The suspension comes as Waymo, which has been growing its robotaxi operation slowly and steadily for years in the U.S., has quickened the pace of ‌expansion, as others, ⁠including Tesla and Amazon's Zoox, step up their push in the sector. "We have temporarily paused ⁠freeway operations, as we work to integrate recent technical learnings into our software and expect to resume these routes ​soon," ​a Waymo spokesperson said in ​an email.

IBM Shares Soar on US Funding for $2 Billion Quantum Push
Bloomberg90d agobullish
IBM Shares Soar on US Funding for $2 Billion Quantum Push

(Bloomberg) -- The Trump administration has agreed to award $1 billion to International Business Machines Corp. to build a foundry for producing quantum computing chips, part of a broad strategy to bolster US leadership in an emerging industry.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Modi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz

IBM Shares Soar on US Funding for $2 Billion Quantum Push
Bloomberg90d agobullish
IBM Shares Soar on US Funding for $2 Billion Quantum Push

(Bloomberg) -- The Trump administration has agreed to award $1 billion to International Business Machines Corp. to build a foundry for producing quantum computing chips, part of a broad strategy to bolster US leadership in an emerging industry.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US's Latest Proposal Has 'Narrowed the Gaps'Modi's Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz

Bloomberg90d agobullish
IBM Shares Soar on US Funding for $2 Billion Quantum Push

(Bloomberg) -- The Trump administration has agreed to award $1 billion to International Business Machines Corp. to build a foundry for producing quantum computing chips, part of a broad strategy to bolster US leadership in an emerging industry.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Modi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz

Alphabet's new AI ad formats seen boosting conversions and spending
Proactive90d agoneutral
Alphabet's new AI ad formats seen boosting conversions and spending

Alphabet Inc (NASDAQ:GOOG)’s latest AI-focused advertising and commerce announcements could help accelerate search monetization and deepen the company’s role in online commerce, according to Bank of America analysts following Google’s 2026 Marketing Live event. At the event, Google introduced...

AI Beats Up CEO Commencement Speakers—Unless They Play It Right
Barrons.com90d agobullish
AI Beats Up CEO Commencement Speakers—Unless They Play It Right

College and university graduation speeches often reflect the mood of society and the institutions themselves. It isn’t surprising, then, that business leaders speaking at commencements are bumping into some AI agita. Eric Schmidt, former CEO of Google, was booed at the University of Arizona for extolling artificial intelligence, as was a real estate executive at the University of Central Florida.

Meta settles first US case over school costs tied to youth mental health, court filing shows
Reuters90d agoneutral
Meta settles first US case over school costs tied to youth mental health, court filing shows

Meta Platforms on Thursday settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat ‌a mental health crisis allegedly fueled by platforms. The agreement fully resolves a lawsuit brought by Breathitt County School District ‌in eastern Kentucky, following earlier settlements by co-defendants Alphabet's YouTube, Snap and TikTok. The case had been scheduled for a June 15 trial in federal court ​in Oakland, California.

Quantum Computing and Robotics Are Arriving Faster Than Most Investors Realize and After Years of Covering This Space These 3 ETFs Stand Out
24/7 Wall St.90d agoneutral
Quantum Computing and Robotics Are Arriving Faster Than Most Investors Realize and After Years of Covering This Space These 3 ETFs Stand Out

Intuitive Surgical’s da Vinci 5 surgical platform, which began shipping in earnest on April 1, 2026, runs on 10,000 times the computing power of the da Vinci Xi and was co-engineered with NVIDIA’s Isaac platform. That is a working hospital robot, on the floor, today, that needed an AI compute stack nobody had five years ... Quantum Computing and Robotics Are Arriving Faster Than Most Investors Realize and After Years of Covering This Space These 3 ETFs Stand Out

$1 Trillion in Spending Has Been Defeated by an Almond
24/7 Wall St.90d agoneutral
$1 Trillion in Spending Has Been Defeated by an Almond

Wall Street has cheered almost every press release about AI infrastructure, with hyperscalers Microsoft, Google, Amazon, Meta, and Oracle, plus the Stargate joint venture, committing more than $1 trillion in announced data center spending. The Contradiction The market loves it. Local zoning boards do not. In Loudoun County, Tucson, central Ohio, and across rural Wyoming, ... $1 Trillion in Spending Has Been Defeated by an Almond

Alphabet (GOOGL): Moving Beyond Search in the AI Revolution
Insider Monkey90d agoneutral
Alphabet (GOOGL): Moving Beyond Search in the AI Revolution

We just covered the 10 Best Pick and Shovel AI Stocks to Buy for the Long Term. Alphabet Inc (NASDAQ:GOOGL) ranks #4 (see 5 Best Pick and Shovel AI Stocks to Buy for the Long Term). Short Interest: 1.4% TPUs and Google Cloud make Alphabet Inc (NASDAQ:GOOGL) a notable pick-and-shovel name that also benefits from […]

How Investors May Respond To Berkshire Hathaway (BRK.A) Portfolio Overhaul Under New CEO Greg Abel
Simply Wall St.90d agoneutral
How Investors May Respond To Berkshire Hathaway (BRK.A) Portfolio Overhaul Under New CEO Greg Abel

Berkshire Hathaway’s board has updated its by-laws and, under new CEO Greg Abel, reshaped the equity portfolio by exiting long-held positions such as Visa, Mastercard, UnitedHealth, and Amazon while adding or expanding stakes in Alphabet, Delta Air Lines, and Macy’s. These moves, alongside the departure of portfolio manager Todd Combs, highlight a refreshed capital allocation approach that still preserves Berkshire’s core long-term holdings and culture. We’ll now examine how this major...

Cisco Systems (CSCO): The AI Winner in 2026
Insider Monkey90d agoneutral
Cisco Systems (CSCO): The AI Winner in 2026

We just covered the 10 Best Pick and Shovel AI Stocks to Buy for the Long Term. Cisco Systems (NASDAQ:CSCO) ranks #5 (see 5 Best Pick and Shovel AI Stocks to Buy for the Long Term). Short Interest: 1.5% Cisco benefits from the AI buildout because of its relevance to the networking and connectivity layer […]

Price Prediction: Can DTE Energy Hit $200 Before 2027?
24/7 Wall St.90d agoneutral
Price Prediction: Can DTE Energy Hit $200 Before 2027?

Our DTE Energy (NYSE:DTE) call is constructive heading into the back half of 2026. The Detroit-based utility is in the middle of a generational capital cycle, with hyperscale data center demand reshaping the long-term earnings trajectory. The 24/7 Wall St. price target for DTE Energy is $157.53, implying 11.44% upside from $141.35. We rate shares ... Price Prediction: Can DTE Energy Hit $200 Before 2027?

Is Broadcom (AVGO) The Best AI Chip Stock to Buy?
Insider Monkey90d agobullish
Is Broadcom (AVGO) The Best AI Chip Stock to Buy?

We just covered the 10 Best Pick and Shovel AI Stocks to Buy for the Long Term. Broadcom Inc. (NASDAQ:AVGO) ranks #6 (see 5 Best Pick and Shovel AI Stocks to Buy for the Long Term). Short Interest: 1.2% Broadcom Inc (NASDAQ:AVGO) is one of the most important pick-and-shovel names in the AI revolution. It […]

Arqit Quantum H1 Earnings Call Highlights
MarketBeat90d agoneutral
Arqit Quantum H1 Earnings Call Highlights

Arqit Quantum (NASDAQ:ARQQ) reported higher first-half fiscal 2026 revenue and said it is seeing increased commercial activity as governments, telecom operators and defense-related customers evaluate post-quantum cybersecurity needs. Chief Executive Officer Andy Leaver told investors that the marke