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Micron joins rivals pitching AI deals as cure for memory's boom-bust cycle
Reuters59d agoneutral
Micron joins rivals pitching AI deals as cure for memory's boom-bust cycle

Memory chipmakers have for decades been trapped in boom-bust cycles, with capacity buildouts hitting the market just as demand craters. Micron, Samsung and SK Hynix are now trying ‌to convince investors this time is different, arguing long-term deals will keep cash flowing even if the datacenter boom bursts. Micron ‌said on Wednesday customers such as Nvidia had committed $22 billion to lock in supplies of memory chips, playing up huge growth in five-year "take-or-pay" deals that require clients to either ​buy its chips or hand over cash.

NVIDIA vs Micron: Which Stock Will The Market Reward
24/7 Wall St.59d agoneutral
NVIDIA vs Micron: Which Stock Will The Market Reward

NVIDIA (NASDAQ:NVDA) and Micron Technology (NASDAQ:MU) both posted blockbuster AI infrastructure quarters, but the market reacted in opposite directions. NVIDIA sells the compute. Micron sells the memory that keeps those GPUs fed. Comparing them now makes sense because each just told investors something different about where AI hardware spending actually lands in 2026. Blackwell Carries ... NVIDIA vs Micron: Which Stock Will The Market Reward

Cathie Wood buys $9.6 million of megacap tech stock
TheStreet59d agobullish
Cathie Wood buys $9.6 million of megacap tech stock

Cathie Wood, chief of Ark Investment Management, likes to double down on her favorite tech stocks, especially when the prices are falling. That’s what she just did, buying a megacap tech stock amid a broader market sell-off. In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the ...

Associated Press59d agoneutral
JPMorgan Chase plans to expand Community Center program, doubling branches in low-income areas

JPMorgan Chase will significantly expand its national “Community Center” program, the bank said Thursday, with plans to double the number of these specialized branches the bank operates particularly in low-income neighborhoods. Along with doubling the number of Community Center branches, the bank plans to hire an additional 150 employees, known as community managers, and provide additional programming at these locations. The Community Center program focuses on Chase opening branches in low- and moderate-income communities, particularly in areas where residents may be underbanked or unbanked.

Meta Tried to Silence Her. Now She’s Suing.
The Wall Street Journal59d agoneutral
Meta Tried to Silence Her. Now She’s Suing.

Sarah Wynn-Williams, a former Facebook policy executive, is suing Meta over its attempts to stop her from talking about her book, “Careless People,” a New York Times bestseller.

Martin Leibowitz, a Math Whiz Who Transformed Bond Investing, Dies at Age 89
The Wall Street Journal59d agoneutral
Martin Leibowitz, a Math Whiz Who Transformed Bond Investing, Dies at Age 89

When Martin Leibowitz joined the Wall Street bond-trading firm Salomon Brothers in 1969, at age 33, he knew a lot about math and very little about bonds. If you knew the annual interest rate and the price of a bond, you could find the yield. “My initial reaction,” Leibowitz said in a 2017 podcast for the MIT Laboratory for Financial Engineering, “was you’ve got to be kidding.”

Exxon, Chevron investors cautious after oil news
TheStreet59d agoneutral
Exxon, Chevron investors cautious after oil news

For most of 2026, Exxon Mobil (XOM) and Chevron (CVX) investors enjoyed good gains as the Middle East crises pushed crude price to record highs. The Iran war had throttled the Strait of Hormuz, the narrow passage through which roughly a fifth of the world's oil normally travels, and both stocks ...

💬 Money Quote: Profit Taking
The Wall Street Journal59d agoneutral
💬 Money Quote: Profit Taking

📣 "There are lots of traders there just trying to make a buck, so they follow the momentum and then try to take profits." —Thomas Martin, senior portfolio manager at Globalt Investments, on this morning's market moves.

Ford Recalls Continue to Cripple Brand
24/7 Wall St.59d agobearish
Ford Recalls Continue to Cripple Brand

Ford (NYSE: F) recalls this year have topped 1.2 million vehicles. While its poor 2006 track record is not nearly as bad as last year’s, the company’s quality promise has fallen apart again. And, while moves into battery technology have lifted the stock, there is reason for investors to be worried. Ford can’t get its ... Ford Recalls Continue to Cripple Brand

Spencer Jakab | Meme Stocks Are Best Sold
The Wall Street Journal59d agoneutral
Spencer Jakab | Meme Stocks Are Best Sold

A propos of the latest meme-stock sensation: The gains seem astronomical but, unless your timing is exquisite or you have serious online cachet yourself, owning a potential meme stock is a tough way to get rich.

May PCE: Inflation ticks up to highest level since 2023
Yahoo Finance Video59d agoneutralVIDEO
May PCE: Inflation ticks up to highest level since 2023

May's Personal Consumption Expenditures (PCE) index — the Federal Reserve's preferred inflation gauge — saw inflation rise 0.4% month-over-month and 4.1% year-over-year Core PCE, which excludes food and energy prices, rose 0.3% monthly and 3.4% annually, marking the highest level since 2023. Morning Brief Host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Epistrophy Capital Research chief market strategist Cory Johnson to further examine rising price trends.

Oil Analysts Are Slashing Their Price Forecasts
The Wall Street Journal59d agoneutral
Oil Analysts Are Slashing Their Price Forecasts

🐻 JPMorgan now sees Brent crude, the international oil benchmark, averaging $80 a barrel in the fourth quarter and around $64 a barrel next year. Brent was last around that level in January, when the dominant narrative in the global oil market was that of oversupply. In a note today, JPMorgan analysts cited lower-than-expected drawdowns of oil stocks from OECD countries and weaker global demand.

Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand
Reuters59d agoneutral
Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand

Micron Technology edged past the market valuation ‌of Meta Platforms and briefly ‌Tesla's for the first time on Thursday, ​after the memory chipmaker's solid forecast helped extend its AI-driven ascent. The company's shares were last up 18.4% ‌at $1,236, giving ⁠it a market capitalization of $1.398 trillion, compared with Meta's $1.392 ⁠trillion. Tesla had a market value stood of $1.4 trillion.

Bloomberg59d agoneutral
Nike Joins Alphabet, Walmart in Hiring a CFO From the Outside

(Bloomberg) -- Moving from Pfizer Inc. to Nike Inc. may seem like an unusual career shift for a finance chief. For David Denton, it marks a return to the consumer sector after four years in pharmaceuticals.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 HospitalityMicron Shares Soar After AI-Fueled Forecast Shatters ProjectionsStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Erase Gains a

Investing.com59d agobullish
BofA expects mid to outperform small stocks in the H2

Investing.com -- Bank of America has shifted its preference within small and mid-cap equities for the second half of 2026, moving to favor mid-caps over small-caps after the Russell 2000 surged 21% in the first half, the best performance of any size index.

Investing.com59d agoneutral
TSX trades higher as Micron earnings revive global technology sector

Investing.com -- Canadian equity markets are trading positively on Thursday after strong corporate earnings breathed new life into the global artificial intelligence trade. The rise follows a downbeat Wednesday session where the benchmark S&P/TSX Composite fell 191.29 points, or 0.55%, to close at 34,736.09, while the S&P/TSX 60 dropped 0.30% to finish at 2,049.68. The S&P/TSX 60 index is up 0.7%, while the S&P/TSX Composite has gained 0.9%, as of 12:22 pm ET. Micron Crushes Expectations on AI D