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The stock market hit new highs amid a win streak. AI and metals led while Google tested support. Palo Alto jumped late on earnings.
Yahoo Finance Tech Editor Dan Howley comes on Market Domination to break down the day’s leading and trending tech stories, including President Trump's executive order to scale back review requirements for AI model developers when they submit them to the federal government for assessment.
FedEx Freight (NYSE:FDXF) shares traded around $152 on Tuesday afternoon after Bank of America initiated coverage of the newly independent less-than-truckload (LTL) carrier with a ‘Buy’ rating and a $185 price target. The initiation comes one day after FedEx Freight was spun off from FedEx...
<body><p>STORY: Shares of Victoria's Secret soared about 50% to a record high and were set for their best day ever on Tuesday, after the lingerie retailer posted blockbuster quarterly earnings and raised its annual forecasts.</p><p>Revenue grew by double digits in the quarter across its brands, which include Pink, targeting younger women, and its line of beauty products, including perfumes and lotions.</p><p>As a result, Victoria's Secret boosted its annual net sales and operating income estimates.</p><p>The upbeat forecasts underscore CEO Hillary Super's efforts to stem several years of declining sales - and activist pressure - by reining in discounting and leaning back into its former "sexy" image.</p><p>:: Victoria's Secret</p><p>:: VSXY</p><p>:: Archive</p><p>Those efforts include reviving its popular runway show after a six-year hiatus and changing its ticker on the New York Stock Exchange from "VSCO" to "VSXY," saying that, quote, "sexy has always been part of our DNA."</p><p>Tuesday's earnings marked the fourth straight quarter of sales growth for Victoria's Secret, whose shares have nearly tripled in value over the past 12 months as of Monday's close.</p><p>About 19% of the company's shares are shorted, according to Ortex data, an elevated level that some analysts say could leave the stock exposed to a short squeeze.</p><p>The results also reinforced a bifurcation in U.S. consumer spending, with higher-income shoppers continuing to spend on discretionary items, while lower-income households pull back under persistent inflationary pressure and economic uncertainty.</p></body>
As North America's largest pure-play LTL carrier, the newly spun-off company faces a shrunken market, skeptical analysts and a long road to its own margin targets.
FedEx Freight was spun off from FedEx to operate independently.
Beaten-down retail names trading under $15 are getting a second look from value-focused investors this spring, especially the ones quietly improving cash flow while the headlines stay grim. With the consumer split into a clear K-shape and an ultra-hawkish Federal Reserve regime under Kevin Warsh squeezing rate-sensitive sectors, institutional capital has largely left department stores ... Down 45% This Year: 1 High-Yield Turnaround Machine Under $15 to Buy Hand Over Fist
The White House announced that tariffs on agricultural equipment, including combines and harvesters, are being reduced from 25% to 15%.
(Bloomberg) -- Alphabet Inc.’s surprise $80 billion sale of equity to fund spending on artificial intelligence infrastructure is expected to become the biggest equity capital markets transaction of all time, according to data compiled by Bloomberg.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Andrew Left Found Guilty in Case That Spooked Short SellersAlphabet to Raise $80 Billion in Equity for
Investing.com -- Truist Securities initiated coverage of FedEx Freight Holding Company (FDXF) with a Hold rating and a $155 price target in a note on Tuesday following the company's completed spin-off from FedEx Corporation (FDX).
D-Wave Quantum was tentatively awarded $100 million by the U.S. government. Here’s what the company must do in order to get it.
Wages and benefits that have been left behind by inflation prompted a strike that could threaten the production of a range of Chevy and GMC pickups.
(Bloomberg) -- More than 1,000 current and former SpaceX employees have banded together to negotiate with wealth management firms for better pricing and access to sophisticated tax-saving financial products ahead of an initial public offering that is set to turn many of them into multi-millionaires.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI Spe
Rare earth stocks and copper plays are flashing buy signals or close to it amid multiple catalysts. MP Materials and USA Rare Earth are both near buy points, as is S&P 500 copper giant Freeport-McMoRan. The copper price has rallied near an all-time high as markets brace for potential Trump tariffs news, with demand already outpacing supply.
President Trump lowered the tariffs on imported farm equipment to 15% from 25% through the end of 2027, citing the role of tractors and crop harvesters in providing food for the country. Trump also added residential heating and air-conditioning components and material-handling equipment to the list of products now eligible for the lower 15% tariff rate. When the administration imposed a 25% duty on the entire value of imported products made with steel and aluminum earlier this year, it also created the discounted rate for imported factory machinery viewed as essential for expanding U.S. manufacturing.
(Bloomberg) -- President Donald Trump signed a long-awaited executive order directing US agencies to work with artificial intelligence companies to protect networks from AI-enabled cyber attacks. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Safe Hormuz
European stock markets closed higher in Tuesday trading as the Stoxx Europe rose 0.6%, Germany's DAX
The artificial intelligence boom has survived just about everything investors have thrown at it. Concerns over China, export restrictions, sky-high valuations, and even recession fears have failed to derail a rally that has added trillions of dollars in market value to companies like Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), Broadcom (NASDAQ:AVGO), and Meta Platforms (NASDAQ:META). Yet there ... Only One Man Can Kill the AI Boom: Fed Chair Kevin Warsh
On a recent Rich Habits Podcast segment, market commentator Ron Santella put it bluntly: “The playbook from last week hasn’t changed. It’s actually gotten more entrenched. Higher for longer is the base case.” For households waiting on a refinance or a first home purchase, he was even more direct: “Today’s report tells you it’s not ... Tariff-Driven Inflation Is Trapping Mortgage Rates, and the Fed Can’t Fix It with Rate Cuts
(Bloomberg) -- Treasuries retreated from near their best levels of the past month as the first of three labor-market reports this week backed wagers that the Federal Reserve’s next move will be to raise interest rates.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With
While more US companies and businesses apply to receive tariff refunds, the Trump administration is seeking to appeal the federal court order and bring these payouts to a screeching halt. The administration has already issued $20.6 billion in refunds, while US Customs reports that another $85 billion in refund applications have been submitted. Yahoo Finance Washington Correspondent Ben Werschkul tracks the payouts that President Trump while reporting on the administration's latest tariff cuts on farming equipment.
(Bloomberg) -- Oil flipped between gains and losses as traders parsed discordant signals on the prospects of a US-Iran peace deal. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedWest Texas Intermediate traded above $92 a
D-Wave noted a second funding award from the government in May, as the quantum computing company continues to build on its R&D efforts.
FedEx Freight began trading as an independent company this week, but analysts say stronger margins and operating performance are needed before they become more bullish on the stock.
(Bloomberg) -- Victoria’s Secret & Co. shares soared after the company beat earnings estimates and boosted its outlook, adding to signs of progress for Chief Executive Officer Hillary Super’s turnaround plan.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for
(Bloomberg) -- A rapid rally in shares of Virgin Galactic Holdings Inc. has burned short sellers betting against the space tourism firm, according to data from S3 Partners.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedSh
(Bloomberg) -- Elon Musk’s SpaceX is negotiating to pay razor-thin fees to Wall Street firms handling its IPO — but banks are still likely to rake in about $500 million from the record-setting market debut.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Sa
(Bloomberg) -- Shareholders at Palo Alto Networks Inc. have a recurring beef with the company over how much it pays the chief executive officer and other senior leaders. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedA ma
The gargantuan funding requirements of developing artificial intelligence has already set records for the funding rounds in private markets. Now the list of largest-ever equity issues on the stock market is set to be rewritten too. The largest component of Alphabet’s proposed $80 billion equity issue—$40 billion, to be sold into the market—will be roughly on par with the size of Saudi oil giant Aramco’s 2019 initial public offering, adjusted for inflation.
(Bloomberg) -- US stocks may be vaulting from one record to the next, but Wall Street analysts covering them are in no rush to keep up. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedResearchers who follow individual comp
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