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24,258 signal articles · 53 in last 24h · 115,243 total before filter · latest 55m ago
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JPMorgan Ended Banking Relationship With Polymarket
The Wall Street Journal1d agoneutral
JPMorgan Ended Banking Relationship With Polymarket

JPMorgan Chase ended its banking relationship with prediction market Polymarket last October over regulatory concerns, according to people familiar with the matter. The move adds fuel to fights in Washington over debanking and growing nationwide scrutiny of prediction markets’ business practices, though the bank still maintains some ties to Polymarket and other prediction-market companies.

Even the CEO of Booking.com Is Fed Up With Travel These Days
The Wall Street Journal1d agoneutral
Even the CEO of Booking.com Is Fed Up With Travel These Days

Flight delays, interminable waits on the tarmac—Booking.com CEO Glenn Fogel knows all about travel frustrations firsthand: “You can’t believe you even bothered.” Booking.com and sister brands like Priceline, Kayak and OpenTable are pouring hundreds of millions into AI tools to smooth out travel hiccups. “When we start doing that,” says Fogel, who also helms parent company Booking Holdings, “that’s when I’ll feel OK, now we really are a good AI travel agent on your phone and in your pocket.”

Earnings Prove AI Hardware Demand Is Strong. That’s Good News for Dell Stock.
Barrons.com1d agoneutral
Earnings Prove AI Hardware Demand Is Strong. That’s Good News for Dell Stock.

Dell Technologies stock could have more room to run—even after this year’s meteoric rise—as artificial intelligence hardware demand remains resilient. Wells Fargo analyst Aaron Rakers raised his price target on Dell to $545 from $505 on Friday, which implies a 10% increase from the stock’s last closing price of $494.51. Dell’s “server results and outlook present continued upside,” Rakers wrote in a research note.

Mangione Admits to Killing Healthcare CEO Brian Thompson
Bloomberg1d agoneutralVIDEO
Mangione Admits to Killing Healthcare CEO Brian Thompson

Luigi Mangione pleaded guilty to federal stalking charges related to the fatal shooting of UnitedHealth Group Inc. executive Brian Thompson. Mangione admitted on Friday in New York federal court that he shot and killed Thompson on Dec. 4, 2024. He faces life in prison. Mangione's attorney, Karen Friedman Agnifilo, US Attorney for the Southern District Jamie McDonald and NYPD Police Commissioner Jessica Tisch all spoke outside the court.

Investing.com1d agobullish
Bernstein upgrades Wayfair to Outperform, raises price target

Investing.com -- Bernstein upgraded Wayfair to Outperform from Market-Perform and raised its price target to $125 from $100, citing stronger revenue growth and improving operating leverage following the company's second-quarter results.

How Americans buy furniture is starting to change
TheStreet1d agobullish
How Americans buy furniture is starting to change

Furniture retailers have spent years waiting for the housing market to revive demand for sofas, beds, and other big-ticket home purchases. That rebound remains elusive, but some of the industry's biggest players are finding growth anyway. Wayfair reported second-quarter net revenue of $3.5 billion, ...

The Joy of Markets: Wall Street Bathes in the Light, but Darkness Is Creeping In
Barrons.com1d agoneutral
The Joy of Markets: Wall Street Bathes in the Light, but Darkness Is Creeping In

Bob Ross, perhaps America’s most prolific artist, created more than 30,000 portraits over his long career in television through simple techniques, a narrow array of colors, and a gentle mannerism. A similar approach to financial markets this summer, however, would be terribly difficult to replicate. Stocks are flying off the shelves, bonds are warning of massive economic and inflation risks while simultaneously discounting Federal Reserve rate hikes, and volatility readings are at the lowest levels of the year despite myriad geopolitical risks.

BofA biotech scorecard: Two buys and odd one out
TheStreet1d agobullish
BofA biotech scorecard: Two buys and odd one out

Picture three students turning in exams on the same day, covering the same material. Two walk away with high marks. The third has been raising his grades all semester, yet still gets flagged for summer school. That is roughly the dynamic inside the BofA research note on biotech I received on the ...

Solana is about to cut transaction finality by nearly 99%
TheStreet1d agoneutral
Solana is about to cut transaction finality by nearly 99%

Solana is about to get significantly faster. A major upgrade expected to land in September will cut transaction finality from 12.8 seconds to approximately 150 milliseconds, a reduction of nearly 99% that developers say will make the network feel almost instantaneous for end users. The ...

Reuters1d agoneutral
Joshua Kushner's Thrive Capital discloses $215 million Amazon stake

Joshua Kushner's Thrive Capital held Amazon shares worth about $215 million as of ‌the end of June, a regulatory filing showed ‌on Friday, adding to the venture capital firm's list of ​tech and AI investments. Known for its early investments in companies that have gone on to dominate their sectors, including OpenAI, SpaceX and Stripe, the venture capital firm has ‌been looking for ⁠opportunities in large technology companies to expand its public-market holdings. • Thrive held 904,038 Amazon ⁠shares valued at $215.5 million as of June 30, the filing showed.

SEC filing shows Softbank initiates stake in Capital One; sells 71.5% of its Taiwan Semi holdings
Reuters1d agobearish
SEC filing shows Softbank initiates stake in Capital One; sells 71.5% of its Taiwan Semi holdings

Softbank Group Corp. unveiled a new ‌stake in Capital One and disclosed ‌that it sold 71.5% of its stake in Taiwan ​Semiconductor Holdings during the second quarter in filings with the U.S. Securities and Exchange Commission. Institutional investors, including wealth management entities, endowments, ‌pension funds, ⁠hedge funds and others, are required to file a list of ⁠their holdings as of the end of each calendar quarter with the Wall Street ​regulator. In the ​most recent quarter, ​ended June 30, ‌Softbank disclosed it had acquired 276,811 shares of Capital One, valued at $55.5 million, as of the end of the period.

JPMorgan Ended Banking Relationship With Polymarket Over Regulatory Concerns
The Wall Street Journal1d agoneutral
JPMorgan Ended Banking Relationship With Polymarket Over Regulatory Concerns

JPMorgan Chase ended its banking relationship with prediction market Polymarket last October over regulatory concerns, according to people familiar with the matter. The move adds fuel to fights in Washington over debanking and growing nationwide scrutiny of prediction markets’ business practices, though the bank still maintains some ties to Polymarket and other prediction-market companies. A Polymarket spokesman said the company maintains “a close, active relationship with JPMorgan across multiple entities.”