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Wendy’s Stock Rally Puts Wall Street on Short-Squeeze Watch
The Wall Street Journal59d agoneutral
Wendy’s Stock Rally Puts Wall Street on Short-Squeeze Watch

Wendy’s shares are surging another 10% this morning, in what appears to be a short squeeze of the restaurant chain’s stock. The premarket rally stands to build on Wendy’s 26% jump yesterday. The moves have all the hallmarks of the kind of short squeeze that made headlines in 2021, when retail investors banded together online to send shares of companies like GameStop and AMC Entertainment soaring—and inflict painful losses on hedge funds that had placed short bets on the stocks.

Apple Raises Prices on Macs, iPads by $200 or More on Some Models
The Wall Street Journal59d agoneutral
Apple Raises Prices on Macs, iPads by $200 or More on Some Models

Apple raised the prices of its Macs and iPads early Thursday morning, a week after Chief Executive Tim Cook said the soaring costs of memory and storage chips would force the company’s hand. The company briefly took down its Apple Online Store early this morning as it typically does when announcing new products. When it came back online, the price tags for Mac computers rose roughly 15% to 20% and iPad prices rose 15% to 25%.

Ares Private-Credit Redemption Requests Rise to $1.5 Billion
The Wall Street Journal59d agoneutral
Ares Private-Credit Redemption Requests Rise to $1.5 Billion

Investors in one of Ares Management’s largest private-credit funds tried to withdraw about $1.5 billion of their money in the second quarter, representing 14.4% of the fund’s net asset value. Ares decided to limit redemptions to 5% of shares outstanding, the same cap the firm applied in the first quarter when investors asked to redeem 11.6%. The rise in withdrawal requests came from foreign investors; U.S. investors asked to redeem fewer shares in the second quarter compared with the first, Ares said in a letter to shareholders.

Google Will Punch Below Its Weight in the Dow
The Wall Street Journal59d agoneutral
Google Will Punch Below Its Weight in the Dow

Alphabet’s addition to the Dow will give the index more AI exposure... though not as much as you might think. Under the Dow’s methodology, higher-priced stocks are given more weight, meaning the Google parent will make up 4% of the index when it joins on Monday, while Goldman Sachs and Caterpillar make up more than 10% each.

Bloomberg59d agoneutral
Private Credit’s Big Arbitrage Trade Gains Backing From Advisers

(Bloomberg) -- On paper, it seems like a no-brainer trade: Cash out of one private credit fund at 100% of net asset value and plow the money back into a similar vehicle that’s trading at a substantially discounted price.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale by Owner Ryman HospitalityStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle C

People With $25 Million Are Doing This With Their Money Now
Investor's Business Daily59d agoneutral
People With $25 Million Are Doing This With Their Money Now

Wondering what rich people are doing with their money and where they're investing? A new Bank of America Private Bank study offers an inside look at the high net worth crowd. When it comes to investing, wealthy Americans are going beyond plain vanilla portfolios, according to BofA's 2026 Study of Wealthy Americans.

Bloomberg59d agoneutral
AI Demand Begins to Justify Massive Cost of Data-Center Buildout

(Bloomberg) -- Revenue from artificial intelligence has reached a tipping point, showing that the hundreds of billions of dollars tech companies are spending on it may be economically sustainable, according to a report from research firm Exponential View. Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale by Owner Ryman HospitalityStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Climb Late After Micron’s B

Morning Bid: Microneconomics
Reuters59d agoneutral
Morning Bid: Microneconomics

June 25 (Reuters) - What matters in U. and global markets today , Editor-at-Large, Finance and Markets Micron Technology's impressive earnings update and demand forecasts on Wednesday have reheated the shaky chip sector, lifting the trillion-dollar memory chip maker's stock about ‌14% overnight and igniting a tech rally around the world on Thursday.