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Bitcoin’s Worst Week Since FTX Crash May Signal More Pain Ahead
Bloomberg74d agobearish
Bitcoin’s Worst Week Since FTX Crash May Signal More Pain Ahead

(Bloomberg) -- Bitcoin’s slide below $60,000 last Friday capped its worst week since the collapse of Sam Bankman-Fried’s FTX exchange in 2022.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump’s $100,000 H-1B Visa Application Fee Rejected by JudgeTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalChip Stocks Rally in AI Trade Revival After Plunge: Markets WrapThe forces current

3 Profitable Stocks That Fall Short
StockStory74d agobearish
3 Profitable Stocks That Fall Short

While profitability is essential, it doesn’t guarantee long-term success. Some companies that rest on their margins will lose ground as competition intensifies — as Jeff Bezos said, “Your margin is my opportunity”.

SpaceX IPO Will Be a Huge Windfall for University Endowments
The Wall Street Journal74d agobearish
SpaceX IPO Will Be a Huge Windfall for University Endowments

10% That's roughly how much of the endowment of the University of North Carolina system is tied up in SpaceX, according to people familiar with the endowment. It's one of many schools with sizable holdings in Elon Musk's rocket company.

Citi’s Chew Sees Aggressive Short-Selling Positions in US Stocks
Bloomberg74d agobearish
Citi’s Chew Sees Aggressive Short-Selling Positions in US Stocks

(Bloomberg) -- Traders are aggressively building short-selling positions in US stocks, while bullish wagers on the tech sector remain stretched, putting the market at risk, according to Citigroup Inc. strategists.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump’s $100,000 H-1B Visa Application Fee Rejected by JudgeTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalChip Stocks

Lululemon Governance Reset Tests Board Changes Against Slumping Share Performance
Simply Wall St.74d agobearish
Lululemon Governance Reset Tests Board Changes Against Slumping Share Performance

Lululemon athletica (NasdaqGS:LULU) has settled its proxy dispute with founder Chip Wilson. The company is adding two new independent directors, marketer Laura Gentile and retail executive Marc Maurer. The board plans to recruit an additional director with apparel industry experience and is proposing annual board elections. Lululemon athletica enters this governance reset with its share price at $117.55 and the stock down 11.0% over the past week and 10.4% over the past month. Returns are...

Broadband Firms’ Land Grab Backfired and Banks Are Selling Out
Bloomberg74d agobearish
Broadband Firms’ Land Grab Backfired and Banks Are Selling Out

(Bloomberg) -- Banks with exposure to heavily-indebted broadband providers are selling their loans to distressed debt funds at a discount, a sign of their increasing weariness with the cash-strapped sector.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalTrump’s $100,000 H-1B Visa Application Fee Rejected by JudgeChip Stocks Rally

Super Micro Faces Export Probes As AI Server Growth Story Tested
Simply Wall St.74d agobearish
Super Micro Faces Export Probes As AI Server Growth Story Tested

US and Taiwanese authorities are investigating alleged export-control and chip-smuggling violations tied to Super Micro Computer's Nvidia-based servers. A recent US Department of Justice indictment names individuals reportedly connected to Super Micro Computer's technology supply chain, while the company itself is not a defendant. Super Micro Computer has said it is cooperating with authorities and tightening compliance processes to reduce the risk of its hardware being diverted to...

Riot Platforms Balances Cooling Lawsuit Risk With Nuclear Powered AI Ambitions
Simply Wall St.74d agobearish
Riot Platforms Balances Cooling Lawsuit Risk With Nuclear Powered AI Ambitions

Riot Platforms (NasdaqCM:RIOT) is facing a patent infringement lawsuit from Green Revolution Cooling Inc. related to data center cooling technology. The company has announced a collaboration with Terrestrial Energy to use molten salt nuclear reactors to power future AI data centers. Both developments focus on Riot's data center operations and potential future energy footprint for AI workloads. Riot Platforms, trading at $25.69, has been a volatile stock, with the share price up 81.4% year...

Lockheed Martin Corporation (LMT) Uses Container-Launched Missile To Intercept Test Drone
Insider Monkey74d agobearish
Lockheed Martin Corporation (LMT) Uses Container-Launched Missile To Intercept Test Drone

Lockheed Martin Corporation (NYSE:LMT) is among the 10 Best Aerospace and Defense Stocks to Buy According to Hedge Funds. On June 3, the company said it had successfully intercepted a test drone using a Joint-Air-to-Ground Missile (JAGM) from a shipping container. The development comes amid a surge in demand for cheaper alternatives to countering drones. […]

Does Celestica’s (TSX:CLS) Insider Selling Undermine Analyst Optimism On Its Earnings Story?
Simply Wall St.74d agobearish
Does Celestica’s (TSX:CLS) Insider Selling Undermine Analyst Optimism On Its Earnings Story?

In recent days, Celestica has attracted attention as analysts highlighted strong earnings performance, expectations for higher earnings per share and revenue in coming fiscal years, and a favorable Zacks Rank #2 rating indicating potential near-term outperformance. At the same time, valuation tools flag the shares as trading at a substantial premium to estimated intrinsic value, while about US$1.4 million of insider share sales over the last three months without offsetting insider buying...

World shares mostly advance as tech stocks rebound from sell-offs, while oil prices slip
Associated Press74d agobearish
World shares mostly advance as tech stocks rebound from sell-offs, while oil prices slip

World shares were mostly higher on Tuesday, with tech shares leading gains after Wall Street recovered some of its sell-off from last week. Oil prices fell back after surging on Monday as fighting flared between Israel and Iran, threatening to pull the region back into full-scale war. SK Hynix, which on Monday announced plans to partner with Nvidia in building data centers, jumped 15.9%.

Emerging Markets Are Delivering Over 22 Percent Returns and Most American Investors Are Missing It Entirely
24/7 Wall St.74d agobearish
Emerging Markets Are Delivering Over 22 Percent Returns and Most American Investors Are Missing It Entirely

The S&P 500 is up about 8% year to date. The same money parked in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) is up roughly 29.2%. Broad emerging markets funds like iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) and iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) sit between those poles, up about 20% and about ... Emerging Markets Are Delivering Over 22 Percent Returns and Most American Investors Are Missing It Entirely

Asian stocks track Wall St tech bounce, oil eases on Mideast hope
AFP74d agobearish
Asian stocks track Wall St tech bounce, oil eases on Mideast hope

Asian stocks enjoyed a partial rebound from the previous day's rout as investors returned to the AI trade, while easing Middle East tensions also provided support and pushed oil prices down. Investors also took heart from news that Iran and Israel said Monday they had halted hostilities after exchanging strikes that threatened to reignite the Middle East war.

Review & Preview: So Long, Selloff
Barrons.com74d agobearish
Review & Preview: So Long, Selloff

Friday saw the Nasdaq Composite post its largest one-day point decline on record, but stocks were already bouncing back to start the week. The S&P 500 added 0.3% and the Nasdaq Composite rose 0.9%. “After the strength of the recent rally, a pullback in markets was to be expected,” writes Ulrike Hoffmann-Burchardi, CIO Americas and global head of equities, UBS Chief Investment Office.