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Lennar’s big housing bet has Wall Street sounding alarms
TheStreet70d agoneutral
Lennar’s big housing bet has Wall Street sounding alarms

Lennar’s (LEN) asset-light strategy was intended to make the homebuilder more nimble. Bank of America also said it might complicate the earnings story. The brokerage restated its Underperform rating on Lennar, cutting its price target to $77 from $84 and reducing its profit projections after the ...

Fed Projects No Rate Cuts in 2026, Sees Hikes in 2027
Barrons.com70d agobearish
Fed Projects No Rate Cuts in 2026, Sees Hikes in 2027

Fed policymakers now see no interest rate cuts in 2026 after previously projecting one cut for this year back in March. Officials estimate their target range for the federal-funds rate will be 3.8% at the end of 2026, unchanged from its current level, according to the so-called "dot plot" from the Fed's latest Summary of Economic Projections released Wednesday. Notably, nine officials projected the Fed’s benchmark interest rate to be higher than it is today by the end of the year.

Stocks Slip After Fed Keeps Rates on Hold
Barrons.com70d agoneutral
Stocks Slip After Fed Keeps Rates on Hold

The stock market wavered after the Federal Reserve opted to keep interest rates steady during Kevin Warsh’s first meeting as chairman. The Federal Open Market Committee continued this year’s pause with a target for the federal-funds rate in a range of 3.5% to 3.75%. “Inflation remains elevated relative to the Committee’s 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy,” the FOMC said in its statement.

New Chairman, Same Result: Fed Keeps Rates Steady Again
Barrons.com70d agoneutral
New Chairman, Same Result: Fed Keeps Rates Steady Again

In Kevin Warsh’s first vote as Fed chairman, the committee voted to keep interest rates unchanged on Wednesday. The decision, which was widely expected, comes as officials seek to determine if the recent oil shock will deliver long-term consequences to the broader economy. At the conclusion of a two-day policy meeting, the Federal Open Market Committee voted to keep its target for the federal-funds rate at 3.5% to 3.75% for the fourth consecutive meeting.

AI lab Odyssey valued at $1.45 billion in latest funding round
Reuters70d agoneutral
AI lab Odyssey valued at $1.45 billion in latest funding round

AI lab Odyssey on Wednesday said it has raised $310 million in a Series B round valuing it at $1.45 ‌billion, and struck a deal with Amazon Web Services that gives ‌it access to specialized chips designed for high‑performance machine-learning workloads. The round, led by Natural Capital, ​saw participation from Amazon, AMD Ventures, Google Ventures, EQT and In-Q-Tel, alongside prominent individual investors including Google’s chief scientist Jeff Dean and Garry Tan, president and CEO of Y Combinator. Odyssey is building models that can ⁠simulate the real world and act without human input.

After Chapter 11 shutdown, Spirit Airlines may make a comeback
TheStreet70d agoneutral
After Chapter 11 shutdown, Spirit Airlines may make a comeback

Spirit Airlines had the lowest rating on the annual American Customer Satisfaction Index (ACSI) survey. The airline scored a 66 on the 100-point scale in 2026, dropping below low-cost rival Frontier Airlines, an airline that doesn't even offer internet service, and putting it 13 points behind ...

SpaceX acquires Anthropic and OpenAI rival in $60B deal
TheStreet70d agoneutral
SpaceX acquires Anthropic and OpenAI rival in $60B deal

Elon Musk just made his biggest bet yet on artificial intelligence. Days after SpaceX's record-breaking stock market debut, the company confirmed it would acquire Anysphere, the San Francisco-based startup behind the popular AI coding tool Cursor, in a deal valued at $60 billion. The move puts ...

Big Bank Stocks Hit Records Ahead of Fed Meeting
Barrons.com70d agoneutral
Big Bank Stocks Hit Records Ahead of Fed Meeting

Shares of large U.S. banks outperformed the market on Wednesday, with some hitting records, as investors awaited the first Federal Open Market Committee meeting of Kevin Warsh’s Fed chairmanship. Investment banks Goldman Sachs and Morgan Stanley also rallied and hit records, according to FactSet and Dow Jones Market Data. Traders widely expect the Fed will keep the benchmark federal-funds rate target unchanged at a range of 3.50% to 3.75%.

Jabil tops fiscal Q3 earnings estimates, raises full-year outlook
Proactive70d agobullish
Jabil tops fiscal Q3 earnings estimates, raises full-year outlook

Jabil Inc (NYSE:JBL) shares moved higher after the electronics manufacturing services company reported fiscal third quarter financial results that exceeded Wall Street estimates and raised its full-year guidance. For the quarter, the electronics and manufacturing services company posted net...

Investing.com70d agobearish
Berenberg downgrades Cognizant as AI risks cloud IT services outlook

Investing.com -- Artificial intelligence-driven disruption is increasing pressure on the IT services industry, prompting Berenberg to turn more cautious on the sector as concerns grow over AI-led pricing deflation, uncertain value capture and a lack of near-term catalysts for a valuation recovery.

Walmart offers travelers up to 10% back on vacations
TheStreet70d agoneutral
Walmart offers travelers up to 10% back on vacations

Travel season is upon us. Some 67% of Americans plan to take one or more domestic trips this summer, and 41% plan international travel, according to a survey from U.S. News. But for many of those travelers, these summer vacations may not play out how they were originally envisioned. Around ...

Boring, quiet & crushing the market for the last 5 years
TheStreet70d agoneutral
Boring, quiet & crushing the market for the last 5 years

This is the third piece in a series examining "boring" large-cap stocks that have outperformed the Nasdaq-100 over the past five years. The first piece introduced the five companies and the data. The second piece covered defense and nuclear supplier Curtiss-Wright. This week: a company that moves ...

Analysis-SPACs are back, thanks to Wall Street's mega-IPO frenzy
Reuters70d agoneutral
Analysis-SPACs are back, thanks to Wall Street's mega-IPO frenzy

SPACs are making a comeback. A flood of expected blockbuster IPOs this year is creating an opening for SPACs as smaller companies seek to capitalize on a favorable market without having to compete for investor attention against the likes of SpaceX, Anthropic and OpenAI. That is giving blank-check companies renewed footing after years of upheaval, with ‌a more mature SPAC market emerging at a time when mega-IPOs are expected to command an outsized share of investor capital and attention, analysts, market experts and industry insiders told Reuters.

Rivian has bad news for hundreds of its workers
TheStreet70d agoneutral
Rivian has bad news for hundreds of its workers

Shipping a product people love and running a company that makes money are two different jobs. One earns applause. The other earns a line on the balance sheet, and the two rarely arrive in the same week. Rivian spent years selling the idea that it could become the next great American carmaker. Its ...

Reuters70d agoneutral
AI lab Odyssey valued at $1.45 billion in latest funding round

AI lab Odyssey said on Wednesday ‌it has raised $310 ‌million in a funding round ​that valued it at $1.45 billion. The Series B round was led by Natural ‌Capital, ⁠with participation from Amazon, AMD Ventures, GV, ⁠EQT, IQT and others. The last few years ​have seen ​major ​breakthroughs in ‌scaling, interactivity, multimodality and physics accuracy, and the field is now advancing extremely quickly,” said Oliver ‌Cameron, Co-founder ​and CEO of ​Odyssey.

Mark Zuckerberg admits mistakes in leaked memo after Meta layoffs
TheStreet70d agobearish
Mark Zuckerberg admits mistakes in leaked memo after Meta layoffs

Meta CEO Mark Zuckerberg is admitting to missteps in a newly leaked memo, following the company's significant workforce changes over the past year as it pours billions of dollars into developing artificial intelligence infrastructure. These changes include Meta’s decision last year to axe ...