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FedEx slowly recovers from operational meltdown in Vietnam
FreightWaves70d agoneutral
FedEx slowly recovers from operational meltdown in Vietnam

FedEx says it has significantly reduced cargo backlogs at its warehouses in Vietnam after a messy switch to a new ground delivery partner and new technology system. The post FedEx slowly recovers from operational meltdown in Vietnam appeared first on FreightWaves.

Bloomberg70d agoneutral
SEC Proposal to Scrap Decades-Old Stock Rule Has a Clear Winner: Crypto

(Bloomberg) -- A proposal by the top US securities regulator to eliminate a rule that mandates stock investors get the best possible prices for their transactions will benefit a new and growing corner of the financial market: crypto. Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offe

MillerKnoll (MLKN): Buy, Sell, or Hold Post Q1 Earnings?
StockStory70d agoneutral
MillerKnoll (MLKN): Buy, Sell, or Hold Post Q1 Earnings?

Over the past six months, MillerKnoll’s shares (currently trading at $15.72) have posted a disappointing 10.4% loss, well below the S&P 500’s 12.4% gain. This was partly driven by its softer quarterly results and might have investors contemplating their next move.

Bloomberg70d agoneutral
US Retail Sales Rise in Broad Gain Despite Higher Gas Prices

(Bloomberg) -- US consumers ramped up spending in May across a broad range of retailers, signaling households powered ahead despite higher gasoline prices.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealThe value of retail purchases rose 0.

US stocks open higher, spotlight on Fed
Reuters70d agoneutral
US stocks open higher, spotlight on Fed

June 17 (Reuters) - The main U.S. stock indexes opened higher on Wednesday, as chip stocks rebounded ahead of the first interest rate decision under new Federal Reserve Chair Kevin Warsh.

Reuters70d agoneutral
AI startup Genspark valued at $2.6 billion in latest funding round

Technology company Genspark.ai said on Wednesday it had raised $100 million in its extended funding round ‌that valued it at $2.6 billion, underscoring strong investor appetite ‌for AI companies developing workplace productivity tools. The round was backed by existing investors ​including Sozo Ventures, Korea Mirae Asset and UpHonest Capital. The latest investment brings the Palo Alto, California-based company's total Series B financing to $485 million.

Bloomberg70d agoneutral
Snubbing Nvidia for Adobe Costs Florida Stock-Picker $50 Billion

(Bloomberg) -- It was 180 degrees off the hot trade on Wall Street. Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealSnub Nvidia Corp., the soaring king of artificial intelligence chips. Embrace Adobe Inc., a sinking casualty of AI disruptio

Treasury Yields Rise Ahead of First Fed Decision Under Warsh
Barrons.com70d agoneutral
Treasury Yields Rise Ahead of First Fed Decision Under Warsh

Treasury yields tick higher ahead of the first interest rate decision under Fed Chairman Kevin Warsh. Rates are expected to remain unchanged. Investors are curious about how Warsh will change the central bank's communications with the public and its forward guidance.

Investing.com70d agobearish
Tech faceplant: Snap plunges 9.6% after unveiling bulky $2,195 AR glasses

Investing.com -- Snap Inc. (NYSE:SNAP) shares suffered a brutal 9.6% drubbing Tuesday, marking its worst single-day collapse since March, after CEO Evan Spiegel asked investors to buy into a future where consumers willingly strap a thick, chunky, $2,195 computer to their faces. Spiegel debuted "SPECS"—the company’s first standalone augmented reality glasses—at the Augmented World Expo in California, framing them as the post-smartphone "computer of the future." Wall Street, however, looked at the

nLIGHT (LASR): Buy, Sell, or Hold Post Q1 Earnings?
StockStory70d agoneutral
nLIGHT (LASR): Buy, Sell, or Hold Post Q1 Earnings?

What a time it’s been for nLIGHT. In the past six months alone, the company’s stock price has increased by a massive 93.7%, reaching $67.13 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.

Bloomberg70d agoneutral
The Trump Phone Is More Novelty Than Serious Smartphone Contender

(Bloomberg) -- The Trump phone is finally here — sort of — and it bears little resemblance to the original pitch.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealFirst introduced a year ago at Trump Tower by President Donald Trump’s eldest s