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Associated Press76d agoneutral
How major US stock indexes fared Wednesday 6/10/2026

Another sell-off for artificial-intelligence stocks dragged the U.S. market sharply lower. The S&P 500 dropped 1.6% Wednesday after giving up a brief modest gain in the morning. The index had its first back-to-back drop in three weeks.

Oracle's AI spending blows past estimates, raising worries over growing debt
Reuters76d agoneutral
Oracle's AI spending blows past estimates, raising worries over growing debt

Oracle on Wednesday forecast capital spending plans for fiscal 2027 above Wall Street estimates, as the cloud computing company said it will also raise more debt in 2027, reflecting the staggering scale of cash ‌burn needed to build out its AI infrastructure. Its shares fell 8.9% in extended trading, after Oracle said it expects to raise ‌nearly $40 billion through a combination of debt and equity financing in 2027. Oracle, which has major deals to build data centers for customers ​such as Meta Platforms and OpenAI, is working to position itself as a major rival to cloud leaders such as Amazon.com and Microsoft.

Even the Dow Can’t Escape the AI Unwind
Barrons.com76d agoneutral
Even the Dow Can’t Escape the AI Unwind

The stock market unwind dinged even the Dow on Wednesday after consumer price inflation met expectations and oil prices jumped. The blue-chip index fell 953 points, or 1.9%. “Tech is taking it on the chin again (now 2 out of the last 3 days) as people continue to de‑risk AI exposure across the board,” writes Mizuho’s Daniel O’Regan.

Tech rotation deepens as investors prep for big IPOs, says expert
Reuters Videos76d agoneutralVIDEO
Tech rotation deepens as investors prep for big IPOs, says expert

<body><p>STORY: "Investors appear to be making some room in the portfolio," said Adams.</p><p>"There is big issuance coming around the corner and, certainly, it does look like investors are saying, 'I'd like to have a piece of this issuance,' not only of SpaceX but maybe Open AI and Anthropic as they come to market later this summer," she added.</p><p>She also points to gains in healthcare, consumer stocks and industrials as investors rotate into sectors that lagged in April and May.</p></body>

OpenAI vs. Anthropic IPO: What sets these AI companies apart
Yahoo Finance Video76d agoneutralVIDEO
OpenAI vs. Anthropic IPO: What sets these AI companies apart

OpenAI (OPAI.PVT) is the latest private AI company to file for a mega-IPO, putting its public launch in direct competition with Anthropic's this fall. OpenVC founder and CEO David Shapiro compares the two pre-IPO companies. SpaceX (SPAX.PVT) is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX, with the space operator aiming for an IPO price of $135 per share.

Oracle stock gets shocking Wall Street verdict before earnings
TheStreet76d agoneutral
Oracle stock gets shocking Wall Street verdict before earnings

Oracle (ORCL) heads into its next earnings release on June 10 with plenty of reasons for investors to be concerned. The company has become one of Wall Street’s greatest bets on artificial intelligence infrastructure, but that has also elevated the stakes. Oracle is pouring money into growing its ...

Exclusive-GM may ditch LFP batteries for future EVs
Reuters76d agoneutral
Exclusive-GM may ditch LFP batteries for future EVs

By Abhirup Roy and Kalea Hall SAN FRANCISCO, June 10 (Reuters) - General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle

Super Micro Seeks $7B in Equity Deal for AI Equipment
Bloomberg76d agoneutralVIDEO
Super Micro Seeks $7B in Equity Deal for AI Equipment

Bloomberg's Anthony Hughes joins Matt Miller on "Bloomberg Deals."-&nbsp;Super Micro Computer&nbsp;plans to raise $7 billion through a package of equity offerings to purchase the components needed to fulfill customers' orders for the company's AI servers.

Investing.com76d agoneutral
DoJ subpoenas major banks over account closures, WSJ reports

Investing.com -- The Justice Department has issued subpoenas to several major U.S. banks, including JPMorgan Chase and Bank of America, requesting information about whether they improperly closed customer accounts for political reasons, according to a Wednesday report by the Wall Street Journal.

Oracle awarded US contract to provide government-wide HR software
Reuters76d agoneutral
Oracle awarded US contract to provide government-wide HR software

President Donald Trump's administration has awarded Oracle a contract to provide a ‌U.S. government-wide HR platform, according to a statement, making ‌the company a partner in its effort to overhaul federal technology systems. Oracle will ​provide a cloud-based HR platform to replace the individual systems of agencies, Office of Personnel Management Director Scott Kupor said in a statement on Wednesday. OPM is the federal government's HR office. ‌OPM did not provide ⁠the total value of the contract.

Why is Robinhood surging on June 10?
TheStreet76d agoneutral
Why is Robinhood surging on June 10?

Robinhood Markets (NASDAQ: HOOD) jumped more than 8% during market hours on June 10, trading around $90 at press time. The rally followed a cluster of updates that landed in quick succession, spanning a major purchase, a fresh regulatory milestone, and strong monthly trading data. A regulatory ...

Visa plugs its payment network into ChatGPT, letting AI agents shop and pay for users
Associated Press76d agoneutral
Visa plugs its payment network into ChatGPT, letting AI agents shop and pay for users

Payments giant Visa said Wednesday that it has embedded its payment network inside of ChatGPT, empowering the chatbot to independently shop and complete transactions on behalf of its user. It means AI agents can not only recommend products but complete the purchase on the user’s behalf, at potentially any merchant that accepts Visa. The payment network's previous attempts at this technological leap were confined to a single retailer or a small set of enrolled merchants.

The Price of Silver Just Collapsed. Here’s Why the SpaceX IPO Could be the Start of a Silver Boom.
24/7 Wall St.76d agoneutral
The Price of Silver Just Collapsed. Here’s Why the SpaceX IPO Could be the Start of a Silver Boom.

Silver investors absorbed a sharp drawdown over the past month. The iShares Silver Trust (NYSEARCA:SLV), the largest physical silver-backed ETF, closed at $59.01 on June 9, 2026, after a brutal stretch that wiped out weeks of gains. However, a critical-minerals expert who appeared on the All-In Podcast argues that the world could effectively run out ... The Price of Silver Just Collapsed. Here’s Why the SpaceX IPO Could be the Start of a Silver Boom.

Microsoft limits employee use of Anthropic's Claude Fable 5 over data retention concerns, The Verge reports
Reuters76d agoneutral
Microsoft limits employee use of Anthropic's Claude Fable 5 over data retention concerns, The Verge reports

Microsoft is limiting employees' use of Anthropic's Claude Fable 5 because of the AI startup's ‌new data retention requirements, The Verge reported on Wednesday, ‌citing sources. Anthropic on Tuesday said it is rolling out Claude Fable 5, a ​public version of its Mythos AI model, with guardrails barring its use in risky areas such as cybersecurity. Claude Fable 5 is the most powerful model Anthropic has made available for wider use, with ‌the company citing its ⁠performance in software engineering and analytics.