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Barclays resets Nike stock price target
TheStreet51d agoneutral
Barclays resets Nike stock price target

Nike has spent the past year and a half trying to convince Wall Street that its turnaround is real. For a while, the story was working. Then, it reported fiscal Q4 results (ended in May). Now one of the banks that has stuck with Nike (NKE) the longest is recalibrating just how much patience that ...

Associated Press51d agoneutral
How major US stock indexes fared Thursday 7/2/2026

The Dow Jones Industrial Average climbed 1.1% to another record, while the Nasdaq composite dropped 0.8% after erasing an early gain. The Nasdaq composite fell 207.36 points, or 0.8%, to 25,832.67. The Russell 2000 index of smaller companies fell 16.48 points, or 0.5%, to 2,996.11.

Exclusive-Zuckerberg says AI agent tech is developing more slowly than expected
Reuters51d agoneutral
Exclusive-Zuckerberg says AI agent tech is developing more slowly than expected

Meta Chief Executive Mark Zuckerberg told an internal town hall on Thursday that AI agent ‌development over the last four months had not "accelerated in the way we expected," ‌according to a recording heard by Reuters. Zuckerberg added that a company reorganization that included major job cuts was ​not as "clean" as it could have been and that executives had miscalculated on the timing of the changes. Conversations he was having "with our top people" when they started planning the restructuring in January and February "were that they were worried that we weren't going to move fast enough ‌to adapt," Zuckerberg said.

Meta just picked a fight with Amazon's cash cow
TheStreet51d agoneutral
Meta just picked a fight with Amazon's cash cow

Wall Street does not punish companies for spending money. It punishes them for spending money without a story. Give investors a believable path from this year's bills to next year's profits and they will forgive almost any number on the capital expenditure line. Take that story away, and every ...

Jersey Mike's Subs files for IPO, targets NYSE listing
Proactive51d agoneutral
Jersey Mike's Subs files for IPO, targets NYSE listing

Jersey Mike's Subs, the sandwich chain backed by Blackstone, has filed for an initial public offering, seeking to capitalize on a rebound in the United States IPO market. The company plans to list its Class A common stock on the New York Stock Exchange under the ticker symbol ‘JMKE.’ The...

Amazon to start initial Leo internet service this year as network nears 400 satellites
Reuters51d agoneutral
Amazon to start initial Leo internet service this year as network nears 400 satellites

Amazon expects to roll out initial internet service with its Leo broadband satellite network later this year after the company's latest launch put the orbiting constellation's satellite count over 390, ‌a company executive said on Thursday. Amazon's latest batch of 29 satellites lifted off from Florida early on Thursday ‌aboard an Atlas V rocket from United Launch Alliance, marking the company's 14th launch of dozens more planned to deploy more than 3,200 satellites that will ​provide global internet coverage from space. "Still lots of work ahead – including raising all these new satellites to their assigned altitude," Amazon's Leo chief Chris Weber said in a post on X. "But we’ve completed enough launches for initial service this yr, and future missions just add coverage and capacity."

Fed Chair Warsh Just Said the One Thing About Inflation Every Investor Wanted to Hear
24/7 Wall St.51d agoneutral
Fed Chair Warsh Just Said the One Thing About Inflation Every Investor Wanted to Hear

Kevin Warsh went to Sintra and said what bond traders have been waiting to hear all summer. Inflation looks like it has peaked. Oil is cooperating. The tail risk of a July or August rate shock, the one quietly haunting every duration-heavy portfolio in America, just got a lot less scary. That was the read ... Fed Chair Warsh Just Said the One Thing About Inflation Every Investor Wanted to Hear

The June Jobs Report Came In at Half of What Wall Street Expected. Here’s What Broke
24/7 Wall St.51d agoneutral
The June Jobs Report Came In at Half of What Wall Street Expected. Here’s What Broke

Rick Santelli called the June jobs number over CNBC’s floor mic this morning, and if you were half-listening on the Robinhood (NASDAQ:HOOD) app, you probably heard the pause before the number. “Our June release of the job jobs report headline number comes in light change in nonfarm payrolls 57,000. That’s about half of what we ... The June Jobs Report Came In at Half of What Wall Street Expected. Here’s What Broke

Mark Zuckerberg Almost Made a Disastrous Acquisition. Walking Away From Kalshi May Have Been His Best Bet of 2026.
24/7 Wall St.51d agoneutral
Mark Zuckerberg Almost Made a Disastrous Acquisition. Walking Away From Kalshi May Have Been His Best Bet of 2026.

Mark Zuckerberg just dodged a bullet. Zuckerberg, whom speculators give 32% odds of becoming the next trillionaire, came eerily close to steering Meta Platforms (NASDAQ:META) into one of the most legally and ethically fraught corners of consumer tech. According to NPR reporting from June 30, Zuckerberg personally floated an acquisition of prediction market platform Kalshi. ... Mark Zuckerberg Almost Made a Disastrous Acquisition. Walking Away From Kalshi May Have Been His Best Bet of 2026.

Cathie Wood is bullish on Bitcoin despite cutting price target
TheStreet51d agoneutral
Cathie Wood is bullish on Bitcoin despite cutting price target

Veteran investor Cathie Wood is one of the most prolific traders on Wall Street and is counted among the strongest believers in Bitcoin (BTC). In fact, she once claimed that her investment firm, ARK Invest, was the first public asset manager to gain Bitcoin exposure in 2015, when the leading ...

Jim Cramer Says He ‘Doesn’t Know How to Trust’ the Jobs Report. He Has a Point
24/7 Wall St.51d agoneutral
Jim Cramer Says He ‘Doesn’t Know How to Trust’ the Jobs Report. He Has a Point

On CNBC’s Squawk on the Street this morning, Jim Cramer looked at the June jobs data and told Carl Quintanilla he cannot square what he is reading with what he is seeing. June payrolls printed +57,000, roughly half of consensus, while the unemployment rate ticked down to 4.2%, a one-year low. For Cramer, the location ... Jim Cramer Says He ‘Doesn’t Know How to Trust’ the Jobs Report. He Has a Point

Investing.com51d agoneutral
Jersey Mike’s Subs files for IPO, set for public market debut

Investing.com -- Jersey Mike’s Subs Inc., the sandwich chain backed by Blackstone Inc (NYSE:BX), filed for an initial public offering that would join a rebound in US listing activity. The company intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol "JMKE." The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed. Morgan Stanley, Jefferies, and J.P. Morgan are actin

SpaceX investors may be ignoring troubling trend
TheStreet51d agoneutral
SpaceX investors may be ignoring troubling trend

SpaceX briefly topped $225 in its first week on the Nasdaq before retreating, with shares recently trading around $170 under the ticker SPCX, Yahoo Finance reported. Starlink hit 10.3 million subscribers across 164 countries and territories by the end of the first quarter, according to the ...

Bloomberg51d agoneutral
Trump Financial Disclosure Shows 21,000 Trades in 2025

(Bloomberg) -- President Donald Trump made more than 21,000 securities trades in his first year back in office, often in intense bursts tied to market events he created.Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileMeta Is Planning a Cloud Business to Sell AI Computing PowerGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonRussia Indicates Ukraine Fired Long-Range Ballistic MissileKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO