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Disney earnings expected to show improving US park attendance
Proactive64d agoneutral
Disney earnings expected to show improving US park attendance

Walt Disney Co (NYSE:DIS, XETRA:WDP) is expected to report modestly improving attendance trends at its domestic theme parks in its fiscal third quarter, Bank of America analysts have projected ahead of the entertainment giant’s upcoming report. The bank’s analysts wrote that Disney's...

Robinhood's multibillion-dollar move sends stock lower
TheStreet64d agoneutral
Robinhood's multibillion-dollar move sends stock lower

Founded in 2013, Robinhood Markets (Nasdaq: HOOD) is a brokerage platform that lists stocks, cryptocurrencies, and tokenized stocks among several offerings. Its zero-commission trading has made it extremely popular among young retail traders. The company went public via an initial public ...

Dividend Safety: This Big-Box Retailer Is a Top Choice for Retirees Protecting Their Wealth
24/7 Wall St.64d agoneutral
Dividend Safety: This Big-Box Retailer Is a Top Choice for Retirees Protecting Their Wealth

Consumer electronics giant Best Buy (NYSE: BBY) just declared a $0.96 quarterly payout, pushing the annualized dividend to $3.84 per share. At a recent price of $73.10, that is a yield of roughly 5.0%, well north of the 4.43% 10-year Treasury. With Kevin Warsh signaling a more hawkish Fed posture and retiree portfolios bracing for ... Dividend Safety: This Big-Box Retailer Is a Top Choice for Retirees Protecting Their Wealth

Buy, Hold, or Sell: Wall Street Fears Tech Compression, but This AI Storage Monster Has a Hidden Weapon
24/7 Wall St.64d agoneutral
Buy, Hold, or Sell: Wall Street Fears Tech Compression, but This AI Storage Monster Has a Hidden Weapon

At $1,031.34, Seagate Technology (NASDAQ:STX) looks fully valued, with a more attractive risk/reward profile only emerging on a macro-driven pullback toward $850. The stock just hit a fresh 52-week high on analyst target hikes, even as Wall Street braces for tighter Fed policy that could compress high-multiple tech names. Seagate leads in nearline hard disk ... Buy, Hold, or Sell: Wall Street Fears Tech Compression, but This AI Storage Monster Has a Hidden Weapon

Coca-Cola faces $20 billion tax bill in IRS lawsuit
TheStreet64d agobearish
Coca-Cola faces $20 billion tax bill in IRS lawsuit

Coca-Cola is a dividend king with 64 straight years of payout increases, a presence in more than 200 countries, and a place in the Dow. The Internal Revenue Service believes the beverage giant owes up to $20 billion in additional taxes and interest tied to its overseas profit allocations. A federal ...

JPMorgan: 2026 rally entirely earnings-driven, bull case targets 8900 by year-end
24/7 Wall St.64d agobullish
JPMorgan: 2026 rally entirely earnings-driven, bull case targets 8900 by year-end

Stephen Parker, co-head of global investment strategy at JPMorgan Private Bank, told CNBC that “the rally that we’ve seen this year has been entirely earnings driven. Even the most bullish expectations have been consistently exceeded.” His base case puts the S&P 500 at 7800 by year-end, with a bull case of 8900. The stakes are ... JPMorgan: 2026 rally entirely earnings-driven, bull case targets 8900 by year-end

Costco's CFO just answered the special-dividend question
TheStreet64d agoneutral
Costco's CFO just answered the special-dividend question

Costco has a quiet public relations strategy that keeps it in the news without generating controversy. First, the chain never tells members exactly when it plans to raise the cost of a membership. It generally does that every five years, but its most recent increase happened seven years and two ...

Micron, Anthropic sign AI infrastructure supply agreement
Reuters64d agoneutral
Micron, Anthropic sign AI infrastructure supply agreement

Micron Technology said on Monday it has signed an agreement with Anthropic that includes supply ‌of memory and storage products, and a strategic investment ‌in the IPO-bound AI company's latest funding round. AI developers are racing to secure ​critical components for increasingly expensive data-center buildouts, while memory makers look to tap into the soaring demand for high-bandwidth memory and storage used in training and running advanced AI models. "Our compute strategy depends ‌on getting every layer ⁠of the stack right, and memory and storage are central to how efficiently we can train ⁠and serve Claude," said Tom Brown, Anthropic's co-founder and chief compute officer.

Amazon Prime Day to gauge US consumer strain as focus shifts to basics
Reuters Videos64d agoneutralVIDEO
Amazon Prime Day to gauge US consumer strain as focus shifts to basics

<body><p>STORY: This week's Amazon Prime Day - which is actually a four-day shopping blitz - will be a litmus test for the spending power of American consumers, who have been squeezed by elevated inflation driven by high gas prices.</p><p>:: Amazon.com</p><p>With that in mind, what shoppers buy will be just as important as how much they spend.</p><p>This year, Amazon is featuring deals on groceries, household goods, travel and school items over carefree splurges on bigger-ticket items.</p><p>Or, as the CEO of small business lender Cardiff put it, quote, "People just don't have the cash right now. Prime Day isn't going to be about buying big TVs or fun stuff this year. It's for buying toilet paper and garbage bags on sale. Families are literally waiting for these discounts just to buy regular everyday things because their bank accounts are empty."</p><p>:: Amazon.com</p><p>The event, which kicks off Tuesday, was shifted to June from July for the first time in five years, in part to avoid competing with World Cup matches and the country's 250th birthday.</p><p>While rivals Walmart and Target have shadowed Prime Day for years, the overlap has turned it into a synchronized industry event, intensifying price competition.</p><p>Walmart's seven-day sale started Monday, while Target Circle Deal Days align exactly with Prime Day.</p><p>:: Amazon.com</p><p>But Amazon is expected to capture more than 60% of all U.S. online retail spending during the four-day Prime Day period, according to market research firm eMarketer.</p></body>

SpaceX Strikes $6 Billion Deal With AI Startup for Data-Center Space
The Wall Street Journal64d agoneutral
SpaceX Strikes $6 Billion Deal With AI Startup for Data-Center Space

Reflection AI, a $25 billion-valuation startup building a network of open-source AI models, has agreed to rent data-center capacity from SpaceX following similar agreements with Anthropic and Google. The deal will give SpaceX $150 million a month in revenue, starting July 1, through the end of 2029, according to a person familiar with the matter. A Reflection spokesperson said that “more compute means more runway to build the world’s best open models at scale.”

Oil’s Plunge Below $80 Is Already Reshaping the Fed’s Rate Path, Says Apollo’s Torsten Slok
24/7 Wall St.64d agobearish
Oil’s Plunge Below $80 Is Already Reshaping the Fed’s Rate Path, Says Apollo’s Torsten Slok

Torsten Slok, the Apollo Global Management (NYSE:APO) chief economist who has spent the past year warning that the Fed would have less room to cut than markets wanted, went on CNBC last week and essentially argued that his own thesis had just been overturned by a barrel of oil. The Federal Open Market Committee had ... Oil’s Plunge Below $80 Is Already Reshaping the Fed’s Rate Path, Says Apollo’s Torsten Slok

💬 Money Quote: Microsoft’s Satya Nadella on a New Path for AI
The Wall Street Journal64d agoneutral
💬 Money Quote: Microsoft’s Satya Nadella on a New Path for AI

📣 “You can’t say, hey, all white-collar jobs are gone and this could even be a weapon and we will use all the power to build data centers... No, how about we think about reorganizing the jobs?" —Microsoft CEO Satya Nadella on his critique of the AI power balance.

Micron shares come to Solana just in time for earnings
TheStreet64d agoneutral
Micron shares come to Solana just in time for earnings

Micron shares are now trading on Solana, and unlike on Wall Street, the market never closes. Sunrise and Backpack Securities have tokenized Micron (NASDAQ: MU) stock and brought it live on Solana on June 22, just two days before the chipmaker reports its fiscal third-quarter earnings. ...

U.S. tech megacaps slide as SpaceX extends slump, AI expense concerns grow
Reuters64d agobearish
U.S. tech megacaps slide as SpaceX extends slump, AI expense concerns grow

Shares of U.S. technology megacaps tumbled on Monday as SpaceX fell for the third straight session and hyperscalers Alphabet ‌and Amazon looked set to lose billions of dollars in market value, ‌driven by AI spending concerns. SpaceX slid over 10% after last week's blistering post-IPO rally. Alphabet dropped 6%, set for its biggest one-day fall since May 2025 and on pace to erase more than $256 billion in market capitalization.

Bloomberg64d agoneutral
Kids’ Online Safety Bill Deal Struck by House GOP, Democrats

(Bloomberg) -- House lawmakers have reached a bipartisan deal on a legislative package intended to strengthen online safety and privacy protections for children and teenagers—a key sign of progress on a major policy priority.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIranian Negotiators Said to Still Be Engaged in Talks With USStocks Fa

Bloomberg64d agobullish
Getty Images Surges 145% After Announcing OpenAI Licensing Deal

(Bloomberg) -- Shares of stock-photo company Getty Images Holdings Inc. soared as much as 145% on Monday after it announced a licensing deal with OpenAI.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIranian Negotiators Said to Still Be Engaged in Talks With USStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapIn a statement on

Bloomberg64d agobullish
Getty Images Surges 145% After Announcing OpenAI Licensing Deal

(Bloomberg) -- Shares of stock-photo company Getty Images Holdings Inc. soared as much as 145% on Monday after it announced a licensing deal with OpenAI.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make 'Progress' in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIran Cites 'Major Progress' After All-Night Talks With USIn a statement on Sunday

Bloomberg64d agobearish
Alphabet Shares Drop After Second AI Star Departs for Rival

(Bloomberg) -- Alphabet Inc. shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIran Cites ‘Major Progress’ After All-Night Talks With USThe stock fell as much as 7.2%, t