News

Qualcomm (QCOM) has shifted the narrative with its $5 billion guidance for AI data center business i

📣 "There are lots of traders there just trying to make a buck, so they follow the momentum and then try to take profits." —Thomas Martin, senior portfolio manager at Globalt Investments, on this morning's market moves.

A propos of the latest meme-stock sensation: The gains seem astronomical but, unless your timing is exquisite or you have serious online cachet yourself, owning a potential meme stock is a tough way to get rich.

May's Personal Consumption Expenditures (PCE) index — the Federal Reserve's preferred inflation gauge — saw inflation rise 0.4% month-over-month and 4.1% year-over-year Core PCE, which excludes food and energy prices, rose 0.3% monthly and 3.4% annually, marking the highest level since 2023. Morning Brief Host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Epistrophy Capital Research chief market strategist Cory Johnson to further examine rising price trends.

Gold edged higher early on Thursday as the dollar eased, while a key U.S. inflation measure accelera

🐻 JPMorgan now sees Brent crude, the international oil benchmark, averaging $80 a barrel in the fourth quarter and around $64 a barrel next year. Brent was last around that level in January, when the dominant narrative in the global oil market was that of oversupply. In a note today, JPMorgan analysts cited lower-than-expected drawdowns of oil stocks from OECD countries and weaker global demand.

Micron Technology edged past the market valuation ‌of Meta Platforms and briefly ‌Tesla's for the first time on Thursday, ​after the memory chipmaker's solid forecast helped extend its AI-driven ascent. The company's shares were last up 18.4% ‌at $1,236, giving ⁠it a market capitalization of $1.398 trillion, compared with Meta's $1.392 ⁠trillion. Tesla had a market value stood of $1.4 trillion.

(Bloomberg) -- Moving from Pfizer Inc. to Nike Inc. may seem like an unusual career shift for a finance chief. For David Denton, it marks a return to the consumer sector after four years in pharmaceuticals.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale by Owner Ryman HospitalityMicron Shares Soar After AI-Fueled Forecast Shatters ProjectionsStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Erase Gains a

Investing.com -- Canadian equity markets are trading positively on Thursday after strong corporate earnings breathed new life into the global artificial intelligence trade. The rise follows a downbeat Wednesday session where the benchmark S&P/TSX Composite fell 191.29 points, or 0.55%, to close at 34,736.09, while the S&P/TSX 60 dropped 0.30% to finish at 2,049.68. The S&P/TSX 60 index is up 0.7%, while the S&P/TSX Composite has gained 0.9%, as of 12:22 pm ET. Micron Crushes Expectations on AI D

The next 10 years will bring their fair share of innovation to tech.

Morgan Stanley is expected to announce its second-quarter results in July, and analysts project a double-digit earnings growth.

SAN FRANCISCO, June 25 (Reuters) - Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry's datacenter buildout. The move does not affect Apple's main cash cow, the ‌iPhone.

Micron Technology stock (MU) is up by more than 18% in Thursday's pre-market after releasing fiscal third quarter results (adjusted earnings of $25.11 per share, $41.46 billion in revenue) that blew past Wall Street forecasts. Morning Brief Host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Epistrophy Capital Research chief market strategist Cory Johnson in reacting to Micron's massive earnings release.

Micron's earnings report gave the Nasdaq the jumpstart it desperately needed on Thursday. The Nasdaq was up 0.9%. Micron not only reported blowout results but also gave a forecast that had Wall Street ready to pile back into the chip sector after a brief road bump.

STZ heads into Q1'27 results, with earnings growth expected, beer momentum in focus and cost pressures posing risks.

Adobe said that it will integrate Topaz Labs' tools across its apps.

JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents of the company, laying the groundwork to find candidates to succeed chief executive Jamie Dimon.

Plus: Will anyone buy a cheap EV truck, the World Cup tries to cool off and the Trump administration offers nuclear loans.

Trying to ‘buy the pop’ and quickly flip a hot IPO stock is likely to land you in trouble both with your brokerage and your bottom line.

Investing.com -- Apple Inc. increased prices for its Mac computers, iPads and home devices on Thursday to offset rising costs from a memory chip and storage shortage.

By Stephen Nellis and Aditya Soni SAN FRANCISCO, June 25 (Reuters) - Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip

Wendy’s shares are surging another 10% this morning, in what appears to be a short squeeze of the restaurant chain’s stock. The premarket rally stands to build on Wendy’s 26% jump yesterday. The moves have all the hallmarks of the kind of short squeeze that made headlines in 2021, when retail investors banded together online to send shares of companies like GameStop and AMC Entertainment soaring—and inflict painful losses on hedge funds that had placed short bets on the stocks.

IBM soared in pre-market trading after announcing a non-chip computing breakthrough.

A list of 20 highly rated stocks favored by analysts for gains over the next year includes only one that has risen this year: Nvidia.

Apple raised the prices of its Macs and iPads early Thursday morning, a week after Chief Executive Tim Cook said the soaring costs of memory and storage chips would force the company’s hand. The company briefly took down its Apple Online Store early this morning as it typically does when announcing new products. When it came back online, the price tags for Mac computers rose roughly 15% to 20% and iPad prices rose 15% to 25%.

JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents of the company, laying the groundwork to find candidates to succeed chief executive Jamie Dimon.

Investors in one of Ares Management’s largest private-credit funds tried to withdraw about $1.5 billion of their money in the second quarter, representing 14.4% of the fund’s net asset value. Ares decided to limit redemptions to 5% of shares outstanding, the same cap the firm applied in the first quarter when investors asked to redeem 11.6%. The rise in withdrawal requests came from foreign investors; U.S. investors asked to redeem fewer shares in the second quarter compared with the first, Ares said in a letter to shareholders.

AI models can be ‘like schizophrenic geniuses,’ says CEO who raised $100 million in round led by Khosla Ventures.

US equity markets were pointing higher before the opening bell Thursday as traders parse Micron Tech

Strategic federal moves to take direct equity stakes in public quantum developers cement high-performance computing as an urgent national security priority.