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Analyst hikes Robinhood price target after job cuts
TheStreet61d agobearish
Analyst hikes Robinhood price target after job cuts

Founded by Stanford graduates Vladimir Tenev and Baiju Bhatt in 2013, Robinhood Markets (Nasdaq: HOOD) is a brokerage platform that has become popular with its stock, cryptocurrency, tokenized stock, and event prediction contract offerings. The company made news on June 16 when it ...

Michael Saylor reveals key reason for Bitcoin's crash
TheStreet61d agobearish
Michael Saylor reveals key reason for Bitcoin's crash

Michael Saylor used a high-profile appearance at BTC Prague to address two separate issues at once: criticism over Strategy's (Nasdaq: MSTR) recent Bitcoin sale, and his own theory for why Bitcoin has been lagging this year. Speaking with Natalie Brunell, the Strategy co-founder and executive ...

Dow Drops 400 Points, S&P 500 Falls 1% After Fed Meeting Ends
Barrons.com61d agobearish
Dow Drops 400 Points, S&P 500 Falls 1% After Fed Meeting Ends

Stocks fell to session lows after Kevin Warsh wrapped up his first press conference as Fed chairman. The Dow fell 410 points, or 0.8%. The S&P 500 fell 1.1%. The Nasdaq dropped 1%. Warsh signalled big changes could be coming to how the central bank communicates, but he mostly said changes will be made after convening various task forces.

Stocks Fall as Warsh Downplays Market Reaction
Barrons.com61d agobearish
Stocks Fall as Warsh Downplays Market Reaction

Stocks were lower again as Kevin Warsh didn’t seem particularly interested in the market’s reaction to his first press conference as Fed chairman. “This is a lot of change for financial markets to digest,” Warsh said, referring to efforts to reshape the central bank. Warsh said he plans to form task forces to better deliver on the Fed’s goals.

Mizuho sees something in QBTS stock the market is missing
TheStreet61d agobearish
Mizuho sees something in QBTS stock the market is missing

2026 has not been the best year for shares in quantum computing darling D-Wave Quantum’s (QBTS). The company kept posting engineering wins and a fast-growing order book, yet the stock kept sliding, with a year-to-date decline of 14.9% at the time of writing. That disconnect is what Wall Street ...

Fed Projects No Rate Cuts in 2026, Sees Hikes in 2027
Barrons.com61d 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.

Investing.com61d 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.

Mark Zuckerberg admits mistakes in leaked memo after Meta layoffs
TheStreet61d 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 ...

Investing.com62d 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

Will Kevin Warsh Trigger a Bitcoin Selloff Today?
Trefis62d agobearish
Will Kevin Warsh Trigger a Bitcoin Selloff Today?

Bitcoin is trading at approximately $65,829 as Federal Reserve Chair Kevin Warsh steps in to chair his first FOMC meeting. While traders analyzing whether the central bank will hike or hold this Wednesday have priced in a 3.50-3.75% rate hold at a 97.4% probability per the CME FedWatch tool, the true market driver remains Warsh’s impending forward guidance.

Italy's Engineering sells two units to Accenture
Reuters62d agobearish
Italy's Engineering sells two units to Accenture

June 17 (Reuters) - Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture.

Italy's Engineering sells two units to Accenture
Reuters62d agobearish
Italy's Engineering sells two units to Accenture

Italian digital transformation group Engineering said on Wednesday ‌it would sell units Alfahealth and ‌Industries eXcellence to global tech consulting company ​Accenture. • Alfahealth and Industries eXcellence respectively offer digital solutions for Italy's healthcare ‌and industrial ⁠sectors. • Together they accounted for about 18% of Engineering's consolidated ⁠net revenues and 25% of adjusted core earnings (EBITDA) in 2025.

Italy's Engineering sells two units to Accenture
Reuters62d agobearish
Italy's Engineering sells two units to Accenture

June 17 (Reuters) - Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture.