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Bloomberg32d agoneutral
China Party Mouthpiece Warns Against ‘Iron Curtain’ in World AI

(Bloomberg) -- China will promote the sharing of artificial intelligence advances while fighting attempts to monopolize the technology, an influential state newspaper wrote, setting the tone for President Xi Jinping’s keynote remarks at the country’s premier tech summit. Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeThailand Scraps Plan to End Visa-Free Entry for Indian TouristsTrump Drops 20% Fee for Hormuz Cargo After Gulf Pressure‘We Faltered’: IBM Pl

Microsoft CEO adds fuel to Palantir CEO’s AI warning
TheStreet32d agoneutral
Microsoft CEO adds fuel to Palantir CEO’s AI warning

It turns out that Palantir (PLTR) CEO Alex Karp’s thunderous warning about the AI industry wasn’t a one-off rant. Over the past couple of years, the word "AI" has become like a broken record, heard at least once almost every day, often followed by a wave of anxiety. What has happened amid all the ...

Bank of America sees Nvidia’s next $20 billion business
TheStreet32d agoneutral
Bank of America sees Nvidia’s next $20 billion business

Nvidia (NVDA) stock investors have been fed a familiar playbook. More robust accelerators, higher rack prices, and another wave of hyperscaler spending were expected to propel Nvidia stock's valuation to even more stratospheric levels. Bank of America's latest semiconductor outlook, shared with me, ...

Michael Burry's biggest moneymaker isn't a stock
TheStreet32d agoneutral
Michael Burry's biggest moneymaker isn't a stock

There is a version of getting rich on Wall Street that has nothing to do with being right about a stock. You can spend a career building a reputation and then, one day, discover the reputation itself is the position. It pays whether or not your next call works. It compounds while you sleep. It does ...

Fast-food chicken giant quietly closed 207 U.S. restaurants
TheStreet32d agoneutral
Fast-food chicken giant quietly closed 207 U.S. restaurants

While running a fast-food giant might seem easy, few legacy chains have stood the test of time like McDonald’s (founded 1940) or KFC (founded 1952). Survival requires constant adaptation. According to Placer.ai, Q1 2026 U.S. quick-service restaurant (QSR) traffic grew just 0.1% year-over-year as ...

Blockbuster Stock Sales Are Threatening to Overwhelm the Bull Market
The Wall Street Journal32d agoneutral
Blockbuster Stock Sales Are Threatening to Overwhelm the Bull Market

The rush for cash by some of the world’s largest companies is putting the long bull market at risk. SpaceX’s record $75 billion public offering. Investors have been cheering the raging bull market for years—three years and nine months, to be precise—with the S&P 500 having more than doubled during that period.

APA (APA) Stock Looks Cheap Relative To Its Earnings Power
Simply Wall St.32d agoneutral
APA (APA) Stock Looks Cheap Relative To Its Earnings Power

APA stock has logged a 127.5% return over the past five years, and the current valuation checks still point to it screening cheap rather than stretched. That combination of a strong long run and a positive valuation read is drawing attention to whether the recent share price now fully reflects the risks and opportunities around the business. Over five years, APA has returned 127.5%, which puts the current share price in the spotlight as investors assess how much of the story is already...

In the Weight-Loss Wars, Novo’s Obesity Pill Is Pulling Way Ahead of Lilly’s
The Wall Street Journal32d agoneutral
In the Weight-Loss Wars, Novo’s Obesity Pill Is Pulling Way Ahead of Lilly’s

Since its obesity pill Foundayo hit the market in April, Lilly has captured about 11% of the prescription volume for new pills, according to the latest weekly data. Novo Nordisk’s Wegovy pill, which launched in January, commands the rest. It is a remarkable turn of events for the near $80 billion anti-obesity market, among the hottest in the industry.

Review & Preview: Inflation Cools
Barrons.com32d agoneutral
Review & Preview: Inflation Cools

It was a jam-packed day for the markets: earnings season started strong, oil futures fluctuated, Federal Reserve Chairman Kevin Warsh testified in front of lawmakers, and the latest June inflation report delivered a cooler-than-expected reading that should make policymakers hold off on raising interest rates—for now. The Dow closed just above the flatline at 0.02%. The Nasdaq Composite was up 0.9% and the S&P 500 finished the day up 0.4%.

Exclusive-AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk
Reuters32d agoneutral
Exclusive-AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk

AI cloud computing company CoreWeave is exploring the use of financial derivatives as a potential hedge ‌against a future drop in memory and storage chip prices, according to ‌a person familiar with the matter. To lock in supply amid soaring demand, thanks to a surge in AI infrastructure construction, cloud operators including CoreWeave have signed long-term agreements with memory and storage makers such as Micron and SanDisk. But the arrangement cuts both ways: it protects chipmakers from a downturn, but leaves cloud ⁠companies like CoreWeave exposed if prices fall and they are stuck paying well above the going rate.

Ford's SUV profits are fueling its future
TheStreet32d agoneutral
Ford's SUV profits are fueling its future

Ford’s large SUV lineup — the Bronco, Explorer, and Expedition — achieved its best first-half sales in 25 years, demonstrating strong demand for the automaker’s high-margin vehicles. These three models generate higher margins than small cars due to premium pricing, high-end trim levels, and ...

Earnings, Warsh Testimony: What to Watch the Rest of the Week
The Wall Street Journal32d agoneutral
Earnings, Warsh Testimony: What to Watch the Rest of the Week

Today Earnings: Johnson & Johnson, Morgan Stanley, BlackRock, PNC Financial Services, Conagra, Cintas, United Airlines, Bank of New York Mellon, Elevance Health, J.B. Hunt, ASML Economic data: Producer-price index data for June, Empire State manufacturing survey, EIA weekly petroleum status report, Fed beige book.

Big changes could be in store for Costco
TheStreet32d agoneutral
Big changes could be in store for Costco

For years, Costco has benefited from shoppers stocking up on bulk groceries, snacks, beverages, and household essentials to save money over the long term. But persistent inflation is causing many consumers to become more selective about what they buy, even when shopping at warehouse clubs. A ...

Aehr Test Systems Q4 Earnings Call Highlights
MarketBeat32d agoneutral
Aehr Test Systems Q4 Earnings Call Highlights

Aehr Test Systems (NASDAQ:AEHR) said it entered fiscal 2027 with record backlog and expects revenue to more than double, citing accelerating demand tied to artificial intelligence processors, silicon photonics and data center infrastructure. President and Chief Executive Officer Gayn Erickson said

Wall Street ends higher on cool inflation data, solid bank earnings
Reuters Videos32d agoneutralVIDEO
Wall Street ends higher on cool inflation data, solid bank earnings

<body><p>STORY: U.S. stocks closed mostly higher on Tuesday, with the Dow ending little changed, the S&P 500 adding almost four-tenths of a percent and the Nasdaq gaining nine-tenths of a percent.</p><p>Second-quarter earnings season began with five big U.S. banks reporting solid results, buoyed by trading strength and dealmaking.</p><p>Shares of Goldman Sachs surged 9%, while JPMorgan Chase and Bank of America also closed higher.</p><p>Robert Conzo, CEO and managing director of The Wealth Alliance, said he expects corporate earnings this&nbsp;quarter to remain strong which should help markets advance.</p><p>"When you look at the earnings estimates for the second quarter, it's at 23.6 [percent], north of 20. That's coming off of a first quarter earnings of about 27 [percent]. Again, a huge number north of 20. The last time that happened was in the first and second quarter of 2021 when we were coming off of Covid. So these are big earnings projections going forward. The market was looking for that because all eyes on earnings in the face of sticky inflation.”</p><p>But inflation was a little less "sticky" in June, as Tuesday's release of the Labor Department's Consumer Price Index showed the annual inflation rate dropped to 3.5%, due largely to receding oil prices that have since rebounded.</p><p>Other stocks on the move Tuesday included U.S.- listed shares of SK Hynix, which soared more than 27% after tumbling on Monday following a strong Friday debut.</p><p>And shares of IBM plummeted more than 25% after the tech company warned second-quarter revenue would fall below estimates.</p></body>

SpaceX Fizzles to Close $1 Above IPO Price Weeks After Debut
Bloomberg32d agoneutral
SpaceX Fizzles to Close $1 Above IPO Price Weeks After Debut

(Bloomberg) -- Three days of losses have brought SpaceX shares to the brink of falling below their initial public offering price, a key level that traders and investors watch to assess the health of new issues.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeTrump Shelves 20% Fee for Hormuz Cargo After Gulf Pressure'We Faltered': IBM Plunges Most Since at Least 1968 on MissA Cocaine Bust in Spain Leads All the Way to Wall StreetUS CPI Falls for the First Ti