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June 26 (Reuters) - Wall Street's main indexes fell on Friday, as chipmakers came under renewed selling pressure after a stellar run this quarter, with investors questioning high valuations and the
There's been a lot of focus on the recent selloff in tech stocks. As Dan Ives at Wedbush Securities sees it, investors are growing frustrated that big spending by some companies on AI infrastructure has yet to produce a clearer growth payoff. "Microsoft and Meta are being treated by investors like they are wearing winter jackets to the beach in the summer," he wrote.
Federal low-interest credit and long-term corporate purchase agreements are fundamentally transforming nuclear energy into a highly stable growth sector.
Abbott Laboratories is scheduled to report its second-quarter results in July, and analysts expect a single-digit earnings rise.
Gold hovers near $4,000 as softer US inflation offsets dollar strength and Fed tightening concerns.
Netflix is set to announce its second-quarter earnings next month, and Wall Street expects a single-digit rise in its profits.
The committee is recommending that no new patients start treatment with Tavneos and that existing patients be switched to suitable alternatives.
3M Company is set to report its fiscal second-quarter earnings soon, with analysts expecting a single-digit increase in EPS.
Coming off of May's hot Personal Consumption Expenditures (PCE) reading, Gradient Investments associate portfolio manager Lisa Schreiber weighs in on how the Federal Reserve may move on interest rates in 2026 based on the latest inflation data.
Investing.com -- Bank of America warned that the artificial intelligence-driven momentum rally may be losing steam, flagging growing risks around monetization and commodification that could pressure corporate earnings and equity markets globally.
(Bloomberg) -- Novak Djokovic, a 24-time Grand Slam tennis champion, joined General Atlantic as the firm dives deeper into sports investing. Most Read from BloombergApple Shares Sink After Price Hikes Hit iPads and MacsIndonesia Opens Door to Dirty Money to Fund Prabowo’s PlansInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetShip Struck in Hormuz as Oil Supertankers Turn Back AgainMamdani Delivers Rent Freeze in Milestone for NYC TenantsDjokovic, the most dominant player in the O
ON Semiconductor has agreed to buy internet-of-things company Synaptics as it vies to bring artificial-intelligence from data centers into the physical world. Synaptics shareholders will receive 1.35 shares of Onsemi stock for each Synaptics share in the all-stock deal, representing an enterprise value of around $7 billion. Onsemi stock dropped 14% to $102.35 in premarket trading Friday.
equity funds came under selling pressure in the week to June 24, as concerns over debt-funded spending in the technology sector and expectations of a hawkish Federal Reserve policy stance sparked risk aversion. equity funds during the week, partly reversing net purchases of $37.
By Anna Szymanski June 26 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend.
Tata Electronics, a key Indian supplier to Apple, has restricted internal access to sensitive systems as it investigates a leak of thousands of secret client files on the dark web, a Tata source and two industry officials said. Tata has also hired a global consultant to conduct a forensic audit and has reported the incident to the Indian government and its clients, said the Tata source, declining to be named given the sensitivity of the matter. Reuters reported this week that ransomware group World Leaks posted more than 200,000 files to the dark web, including purported component design papers from Apple and Tesla, both of which are Tata clients.
Steak and Shake is saving roughly 50% on payment processing fees by accepting Bitcoin, and projecting $6 million in annual savings if its full credit-card customer base made the switch. That number, confirmed again in a June 2026 company statement, makes the 90-year-old burger chain one of the most concrete ...
Things aren't looking good for the Nasdaq. The tech-focused index is down 4.4% through Thursday—and premarket activity suggests more pain is on the way. Stock futures are lower, with chip stocks and memory makers among the biggest losers premarket.
Shipping companies are at the forefront of efforts to both seek payback from the government for tariffs illegally collected under the International Emergency Powers Act and pass on the money to customers.
The LTL carrier has its sights set on gaining market share in the healthcare, grocery and technology markets as an independent company.
To see just how skittish the AI trade has become, look no further than South Korea’s Kospi index this week. The benchmark has swung at least 3% in either direction for the last four trading sessions, with even bigger moves intraday.
June 26 (Reuters) - Futures tied to the tech-heavy Nasdaq led Wall Street losses on Friday, as chip stocks came under renewed pressure after a sharp rally in the previous session, while some megacap
The ChatGPT developer is inclined to delay its initial public offering until 2027, according to a report.
EU member states have agreed to continue holding off retaliatory tariffs against the US related to t
Charles Schwab will release its second-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.
(Bloomberg) -- Two of China’s best-known hedge fund managers are warning that the artificial intelligence boom in global stock markets has become an unsustainable bubble.Most Read from BloombergApple Shares Sink After Price Hikes Hit iPads and MacsInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetShip Struck in Hormuz as Oil Supertankers Turn Back AgainIndonesia Opens Door to Dirty Money to Fund Prabowo’s PlansMamdani Delivers Rent Freeze in Milestone for NYC TenantsWealspring Ass
June 26 (Reuters) - Global equity fund inflows slowed sharply in the week to June 24, as concerns over debt-funded technology spending and a hawkish stance of the U.S.
(Bloomberg) -- Investors pulled money from US equities for the first time in three months, with record withdrawals from tech funds signaling that the artificial-intelligence trade is cooling. Most Read from BloombergApple Shares Sink After Price Hikes Hit iPads and MacsInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetShip Struck in Hormuz as Oil Supertankers Turn Back AgainIndonesia Opens Door to Dirty Money to Fund Prabowo’s PlansMamdani Delivers Rent Freeze in Milestone for NYC
JPMorgan Chase on Thursday promoted Troy Rohrbaugh and Doug Petno to be co-presidents of the firm, putting them in the best position to succeed CEO Jamie Dimon when he decides to retire. Here's more detail on the two: Troy Rohrbaugh: Rohrbaugh, 56 years old, is considered by some to be the front-runner to replace Dimon.
Cerebras soared 68% on its first day of trading.
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