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Spanish Stocks Tumble After Trump Makes Trade Threats
The Wall Street Journal46d agobearish
Spanish Stocks Tumble After Trump Makes Trade Threats

At today's NATO summit in Turkey, President Trump lashed out at Spain, which closed its airspace to U.S. planes involved in the Iran war. "We don't want to do any trade business with Spain anymore," Trump said in Ankara, Turkey.

Best Buy (BBY) Stock Still Trades At A Discount On Earnings
Simply Wall St.46d agobullish
Best Buy (BBY) Stock Still Trades At A Discount On Earnings

Best Buy stock has delivered a 15.0% return over the past year, yet its valuation checks still suggest the shares lean cheap rather than fully priced in. With the stock recently closing at US$78.72, investors are weighing how much of that performance is already reflected in the current multiples. Over the last 1 year, Best Buy has returned 15.0%, which puts a spotlight on whether the recent gain is supported by fundamentals. For Best Buy, expectations around how reliably it can convert sales...

Crypto firms prepare defenses as quantum threat to encryption draws nearer
Reuters46d agoneutral
Crypto firms prepare defenses as quantum threat to encryption draws nearer

The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could soon be able to crack the cryptography that protects transactions and digital wallets. Quantum computers can solve complex mathematical problems much faster than today's sophisticated computers, and could be used to unscramble conventional methods for encrypting digital ‌information. While the technology remains largely experimental, crypto industry concerns ‌have grown since March research from Alphabet's Google, one of several tech giants pioneering the technology, suggested quantum computers may be able to break that cryptography sooner than previously expected, according to executives and analysts.

Apple to spend $30 billion in Broadcom chips deal that will see Colorado factory expand
Reuters46d agoneutral
Apple to spend $30 billion in Broadcom chips deal that will see Colorado factory expand

Apple plans to spend more than $30 billion as part ‌of a chip-supply agreement reached earlier this ‌week with Broadcom that will also see the chipmaker expand a ​factory in Colorado, the companies said on Wednesday. Broadcom disclosed on Monday it had secured a long-term supply deal through 2031 with the iPhone maker. On Wednesday, Apple said ‌the deal will ⁠involve a radiofrequency chip called FBAR filters that will help Apple devices communicate wirelessly and ⁠which Apple has been working with Broadcom to develop since at least 2023.

Apple to Spend $30 Billion on U.S.-Made Chips From Broadcom
The Wall Street Journal46d agoneutral
Apple to Spend $30 Billion on U.S.-Made Chips From Broadcom

Apple is ramping up its investment in U.S.-made chips, with plans to spend more than $30 billion with Broadcom in the next five years. The investment is the largest Apple has specified as part of its pledge to invest $600 billion in the U.S. over four years, a pledge that helped the company secure an exemption from proposed Trump administration tariffs. Apple said the investment will enable Broadcom to expand a manufacturing facility in Fort Collins, Colo.

Tesla's Stock Could Command a 20-30% Premium in a SpaceX Merger, Analysts Say — But Major Obstacles Remain
Benzinga46d agoneutral
Tesla's Stock Could Command a 20-30% Premium in a SpaceX Merger, Analysts Say — But Major Obstacles Remain

A merger between Space Exploration Technologies Corp. (NASDAQ:SPCX) and Tesla Inc. (NASDAQ:TSLA) is possible, but significant hurdles stand in the way, say analysts. RBC’s Tom Narayan said an all-stock acquisition is the most likely structure, citing operational synergies in AI training, Tesla’s Megapack energy-storage systems, and the Terafab chip project. He estimated Tesla could “potentially” receive a 20%–30% takeover premium and raised his Tesla price target to $500 from $475, considering t

Bond Yields Jump on Trump’s Ceasefire Comments
The Wall Street Journal46d agobullish
Bond Yields Jump on Trump’s Ceasefire Comments

Global bond yields are jumping on the back of higher oil prices this morning after President Trump said he thinks the ceasefire with Iran is "over." European bonds saw some of the biggest moves, with benchmark 10-year bond yields in the U.

Investing.com46d agobearish
Spain’s IBEX 35 tumbles after Trump orders halt to trade with Spain

The Ankara summit, which runs July 7-8, 2026, has already proven turbulent. Trump said on arriving in Turkey on Tuesday that he might have boycotted the gathering entirely had it not been for his personal friendship with President Recep Tayyip Erdogan, and he declined to rule out further U.S. troop withdrawals from Europe.

Obamacare Insurers Seek Big Rate Hikes, Again
The Wall Street Journal46d agoneutral
Obamacare Insurers Seek Big Rate Hikes, Again

Insurers want to do the same next year. “It is a stunning jump” when you add both years together, said Cynthia Cox, senior vice president at KFF, a health-research nonprofit. At the request of The Wall Street Journal, KFF analyzed the rate requests for the largest ACA plans by enrollment in 15 states where insurers’ 2027 filings have already become public, as well as the District of Columbia.

Bloomberg46d agoneutral
Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom Levels

(Bloomberg) -- After losing roughly $1 trillion in market value in less than two months, Nvidia Corp.’s stock is the cheapest it’s been since before the AI boom kicked off and sent the shares into the stratosphere.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapUS Strikes Iran and Blocks Oil Sales in New Test of TruceTwo Millennium Trading Pods Made About $3.7 Billion Last MonthChina Sentences

EU court rejects Apple's challenge against EU rules reining in Big Tech
Reuters46d agoneutral
EU court rejects Apple's challenge against EU rules reining in Big Tech

Europe's second-highest court on Wednesday dismissed Apple's challenge against landmark ‌EU rules labelling its app stores and ‌operating system iOS as gatekeepers subject to strict obligations. "The General ​Court dismisses Apple's actions regarding its designation as a gatekeeper in relation to the App Store and iOS," the Luxembourg-based tribunal said. It also said ‌that Apple's actions ⁠regarding the iMessage service are inadmissible.

One Great Chart: Will Anyone Blink in the AI Spending War?
The Wall Street Journal46d agoneutral
One Great Chart: Will Anyone Blink in the AI Spending War?

Second-quarter reports coming later this month will likely show another period of blowout AI investments. Wall Street analysts estimate that combined capital spending by Google, Microsoft, Amazon and Meta Platforms surged 74% year over year to hit $168 billion in the June-ending quarter, according to consensus estimates from Visible Alpha.