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How rail mega-merger moved ahead, and STB avoided making history
FreightWaves93d agoneutral
How rail mega-merger moved ahead, and STB avoided making history

The Surface Transportation Board gave conditional approval of the Union Pacific-Norfolk Southern revised merger application, but asked for more information. The post How rail mega-merger moved ahead, and STB avoided making history appeared first on FreightWaves.

Oil Prices Soften as Traders Bet on Renewal of US-Iran Truce
Bloomberg93d agoneutral
Oil Prices Soften as Traders Bet on Renewal of US-Iran Truce

(Bloomberg) -- Oil fell as the US and Iran tentatively agreed to extend a ceasefire by 60 days, stoking optimism the Strait of Hormuz may soon reopen. Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceSpaceX Said to Cut IPO Value Goal to at Least $1.8 TrillionUS, Iran Agree to 60-Day Truce Renewal Pending Trump SignoffWest Texas Intermediate trad

BlackRock Scales Back Equities After ‘Generational’ Earnings
Bloomberg93d agoneutral
BlackRock Scales Back Equities After ‘Generational’ Earnings

(Bloomberg) -- BlackRock Inc. is trimming its bet on stocks across its $220 billion model-portfolio business as US equities surge to record highs following a strong earnings season.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceSpaceX Said to Cut IPO Value Goal to at Least $1.8 TrillionUS, Iran Agree to 60-Day Truce Renewal Pending Trump Signo

Exclusive-GM-LG battery company delays return of laid-off workers to Ohio plant
Reuters93d agoneutral
Exclusive-GM-LG battery company delays return of laid-off workers to Ohio plant

DETROIT, May 29 (Reuters) - A battery plant partly owned by General Motors is delaying the ‌return of hundreds of workers in northeast Ohio amid ‌continued weak demand for electric cars. Workers at the Ultium Cells plant in ​Warren, Ohio, jointly owned by GM and LG Energy Solution, are now being told they will begin to return to work in August, the company confirmed in a statement to Reuters.

Hershey Bull Sees World Cup, America 250 Lifting Sales
Bloomberg93d agoneutral
Hershey Bull Sees World Cup, America 250 Lifting Sales

(Bloomberg) -- Summer events including the FIFA World Cup and America’s 250th anniversary could spur sales of sweet treats, making now a key time to snap up beaten-down shares of Hershey Co., according to the candy and snack maker’s newest Wall Street bull.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceSpaceX Said to Cut IPO Value Goal to at L

Kalshi Joins CFTS In Suing Minnesota Over Prediction Markets Criminalization
Benzinga93d agoneutral
Kalshi Joins CFTS In Suing Minnesota Over Prediction Markets Criminalization

Kalshi sued Minnesota in federal court this week, joining Donald Trump‘s Commodity Futures Trading Commission in challenging a law signed by Tim Walz that would make the state the first to criminalize prediction markets starting Aug. 1. Walz signed the bill May 18, and the CFTC filed its challenge the following day. Kalshi joined this week with its own complaint targeting state Attorney General Keith Ellison, Walz and gambling enforcement chief John Anglin. State lawmakers framed the measure as

FedEx Freight Stock Starts Trading Monday. What to Know.
Barrons.com93d agoneutral
FedEx Freight Stock Starts Trading Monday. What to Know.

The long-awaited spinoff of FedEx Freight is just about done, and shares of the newly independent less-than-truckload business start trading on Monday, June 1. Old Dominion Freight Line and XPO are LTL shippers. The reason for FedEx’s separation of its LTL business is relatively obvious.

Blue Origin Rocket Explosion Sends Space Stocks Plummeting
The Wall Street Journal93d agoneutral
Blue Origin Rocket Explosion Sends Space Stocks Plummeting

Shares of space companies are falling back to earth after a rocket being tested by Jeff Bezos’ Blue Origin exploded Thursday night. Blue Origin had been planning to use New Glenn to deploy commercial satellites for Amazon and other companies and to blast its own cargo lander to the moon. The fallout rippled across the industry, with companies that are tied to Blue Origin—and others that aren't—falling shortly after the opening bell.

Bank of America sends tough message on HP stock
TheStreet93d agoneutral
Bank of America sends tough message on HP stock

HP gave investors a stronger quarter than expected, but Bank of America is not ready to call it a clean turnaround. HP (HPQ) reported fiscal second-quarter results that topped its prior earnings outlook, helped by stronger revenue, better pricing, and improved free cash flow. The company also gave ...

AI server sales push Dell stock to new heights: Earnings takeaways
Yahoo Finance Video93d agoneutralVIDEO
AI server sales push Dell stock to new heights: Earnings takeaways

Dell Technologies (DELL) stock is on the move in Friday's pre-market trading as its share price soars by as much as nearly 40% — bringing the share price into the $400 range — after reporting a booming $60 billion in AI server sales for the company's first quarter. Morning Brief Host Julie Hyman and Yahoo Finance Head of News Myles Udland dive into Dell's earnings results and how its AI demand-driven growth compares to that seen in the software sector.

Emerging Markets Are No Route to Portfolio Diversity
The Wall Street Journal93d agoneutral
Emerging Markets Are No Route to Portfolio Diversity

One of the most obvious ways to diversify your portfolio—investing outside the U.S.—suddenly looks like swapping McDonald’s for Burger King. In today's Markets A.M. newsletter, I look at newly popular emerging-market ETFs and find they're largely dominated by a few tech stocks.