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Ferrari reverses after controversial EV announcement
TheStreet97d agoneutral
Ferrari reverses after controversial EV announcement

U.S. car manufacturers have learned a valuable lesson about electric vehicles over the past couple of years: American consumers don't like expensive EVs. That's why Ford is still pushing hard for EVs despite the $19.5 billion in losses it was recently forced to write down in its electric vehicle ...

Cloudflare CEO disagrees with Bezos on Al and US jobs
TheStreet97d agoneutral
Cloudflare CEO disagrees with Bezos on Al and US jobs

There is a particular comfort in the idea that the boss and the billionaire agree on the future. It saves you the trouble of picking a side. It saves you the harder trouble of figuring out which one is selling you something. For the past week, American workers got the optimistic version of that ...

Attorney Generals urge STB to reject new rail merger application
FreightWaves97d agoneutral
Attorney Generals urge STB to reject new rail merger application

A group of Attorneys General are again urging federal regulators to reject the application for the Union Pacific-Norfolk Southern transcontinental rail merger. The post Attorney Generals urge STB to reject new rail merger application appeared first on FreightWaves.

Memorial Day Shocker: Gas Prices Up 28%, Flights Up 21%, Coffee Up 18%, Even Hot Dogs Cost 11% More than Last Year
24/7 Wall St.97d agoneutral
Memorial Day Shocker: Gas Prices Up 28%, Flights Up 21%, Coffee Up 18%, Even Hot Dogs Cost 11% More than Last Year

Memorial Day is supposed to feel like a victory lap into summer: gas tank full, cooler packed, suitcase in the trunk. This year, it feels like sticker shock. A snapshot circulated by Ed Elson, host of the Prof G Markets podcast, on X on May 25, lined up seven everyday inflation categories against last year’s ... Memorial Day Shocker: Gas Prices Up 28%, Flights Up 21%, Coffee Up 18%, Even Hot Dogs Cost 11% More than Last Year

This Year’s Biggest Quantum IPO Is Coming
Barrons.com97d agoneutral
This Year’s Biggest Quantum IPO Is Coming

Investors looking for a pure-play bet on quantum computing are about to get their biggest opportunity of the year. Quantinuum, the quantum firm backed by industrial giant Honeywell set the terms for its initial public offering on Tuesday, announcing plans to sell nearly 21.1 million shares at an expected price range of $45 to $50 each. The company sees net proceeds of $941.7 million at the midpoint of the range, or roughly $1.09 billion if underwriters exercise an option to buy an additional 3.16 million shares.

One Thing I’m Watching: The Great AI Buildout
The Wall Street Journal97d agoneutral
One Thing I’m Watching: The Great AI Buildout

According to Elsie Peng at Goldman, AI spending will add 2.8 percentage points to measured capital expenditure growth in 2026, though the bank puts AI's "true" capex contribution higher—at 3.3 percentage points. Overall, Goldman raised its capex growth forecast for this year to 7.8%, from 6.5%. The payoff for U.S. gross domestic product is much smaller, however, writes Goldman's Peng.

Salesforce faces a vital Agentforce test in upcoming earnings
TheStreet97d agoneutral
Salesforce faces a vital Agentforce test in upcoming earnings

Few companies in enterprise software have staked their future as explicitly on a single product bet as Salesforce has on Agentforce. The agentic AI platform has been the centerpiece of every investor conversation, every earnings call, and every product announcement for the past two quarters. ...

Trading at 7x Earnings in an AI Boom? This Is the ‘Stupid Cheap’ Stock Your Financial Advisor Won’t Tell You About
24/7 Wall St.97d agoneutral
Trading at 7x Earnings in an AI Boom? This Is the ‘Stupid Cheap’ Stock Your Financial Advisor Won’t Tell You About

Consider Micron Technology (NASDAQ:MU) here because a forward FY 2027 earnings multiple of 7x on a company sitting at the literal center of the AI memory bottleneck is a valuation that almost never exists at the heart of a megatrend, and the only reason it does now is that your advisor still thinks “memory” means ... Trading at 7x Earnings in an AI Boom? This Is the ‘Stupid Cheap’ Stock Your Financial Advisor Won’t Tell You About

XOVR Promised Pre IPO SpaceX Upside, But It Is Down 2% YTD While the S&P 500 Is Up 9%
24/7 Wall St.97d agoneutral
XOVR Promised Pre IPO SpaceX Upside, But It Is Down 2% YTD While the S&P 500 Is Up 9%

The pitch for ERShares Private-Public Crossover ETF (NYSEARCA:XOVR) is simple. You cannot buy SpaceX shares on your brokerage app, but XOVR can, and the fund packages that exposure inside a normal ticker you trade like any other ETF. XOVR now holds ~$281 million in SpaceX, which works out to about 23% of the fund. Yet ... XOVR Promised Pre IPO SpaceX Upside, But It Is Down 2% YTD While the S&P 500 Is Up 9%

Nvidia sends blunt message on China AI chip demand
TheStreet97d agoneutral
Nvidia sends blunt message on China AI chip demand

Nvidia (NVDA) is suffering from a China problem. However, it has a China opportunity as well. CEO Jensen Huangsaid the company’s prediction of a $200 billion central processing unit market includes China, showing that Nvidia still anticipates strong long-term demand in one of the world’s most ...

BofA makes blunt call on HOKA-parent Deckers stock price after earnings
TheStreet97d agoneutral
BofA makes blunt call on HOKA-parent Deckers stock price after earnings

Deckers Outdoor (DECK) walked into its earnings night with everything a footwear company could want. Record fiscal 2026 revenue, record EPS, a blockbuster $3.5 billion buyback authorization, and a fiscal 2027 outlook that came in above Wall Street's consensus. Then, Bank of America trimmed its ...

The Retiree Recession Begins: Surprising Report Reveals 7% of Retirees Return to Work Amid High Costs
24/7 Wall St.97d agoneutral
The Retiree Recession Begins: Surprising Report Reveals 7% of Retirees Return to Work Amid High Costs

The stock market may be hovering near record highs, but millions of Americans are discovering that retirement and financial security are not the same thing. Grocery bills remain elevated. Housing costs continue climbing. Healthcare premiums keep eating into fixed incomes. And now a surprising new survey suggests many retirees are realizing their nest eggs were ... The Retiree Recession Begins: Surprising Report Reveals 7% of Retirees Return to Work Amid High Costs