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Wells Fargo revamps S&P 500 target for the rest of 2026
TheStreet58d agoneutral
Wells Fargo revamps S&P 500 target for the rest of 2026

Investors were preparing for a far more cautious Wall Street, with sticky inflation figures and a Fed that refused to give markets the rate-cut signal they wanted. Wells Fargo just switched up that setup. The bank just revamped its S&P 500 view for the rest of 2026, TheFly noted, citing ...

Opendoor CEO warns housing market has stopped working
TheStreet58d agoneutral
Opendoor CEO warns housing market has stopped working

There’s a problem with the housing market. Homes are coming onto the market, yet many residences are sitting idle. Buyers seek relief, but mortgage rates are still high enough to make monthly payments difficult. Older homeowners who may otherwise downsize are staying put, because moving could mean ...

Bloomberg58d agoneutral
Aluminum’s War Shock Blunted by Dark Transits and Chinese Supply

(Bloomberg) -- The Iran war caused one of the biggest supply shocks to ever hit the aluminum market, but the runaway price surge that many were bracing for has been blunted by the ingenuity of producers from the Middle East to China. Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USDOJ Rejects Judge Request to Certify $1.8 Billion Fund NixedTr

Michael Burry sees a $3 trillion problem with SpaceX
TheStreet58d agoneutral
Michael Burry sees a $3 trillion problem with SpaceX

SpaceX already nailed its first test stock market test. The tough question is whether investors can detach the stock from the company. Elon Musk’s rocket, satellite, and artificial intelligence company has become one of the most controversial new listings on the market after a record-breaking ...

The Biggest Risks Threatening This Highflying Stock Market
The Wall Street Journal58d agoneutral
The Biggest Risks Threatening This Highflying Stock Market

STOCKS Corporate earnings are surging. Economic data are solid. And oil prices are tumbling in the wake of the interim U.S.-Iran peace agreement. U.S. stocks have the wind at their back and new records within reach.

Reuters58d agoneutral
Tech, crypto firms to help tackle illegal wildlife trade

To look ⁠for ways to eradicate online listings, including through AI-enabled detection and prevention. Represent a ⁠fifth of the global e-commerce market and 90% of the world's social media users. Vodafone, Vodacom, Safaricom to use ​AI ​in anti-money-laundering and transaction monitoring ​systems across mobile money ‌platform M-Pesa.

Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price
24/7 Wall St.58d agoneutral
Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price

One of the most anticipated public offerings in recent memory is drawing skepticism. SpaceX (NASDAQ:SPCX) currently has a valuation of roughly $2.44 trillion, up nearly 40% from its $1.75 trillion IPO. Morningstar analysts have signaled the stock could be worth less than half that figure on a fundamentals basis. That gap was the centerpiece of a recent segment on ... Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price

Discontinued Pepsi soda brand quietly returns to stores
TheStreet58d agoneutral
Discontinued Pepsi soda brand quietly returns to stores

When a manufacturer discontinues a product, it knows it's running the risk of alienating some customers. When Coca-Cola killed TaB, its first diet cola, the chain angered a dedicated fanbase that has protested the loss since. "Coca-Cola’s first diet cola. Discontinued in 2020 after 57 years, but ...

Hollywood Is Having Its Best Box Office Since Before the Pandemic
The Wall Street Journal58d agoneutral
Hollywood Is Having Its Best Box Office Since Before the Pandemic

“We went through five years of pain,” said the chief revenue officer of the Flix Brewhouse cinema chain. A resurgent year at the box office hit new heights this weekend as Disney’s “Toy Story 5” opened to an estimated $312 million globally—the second-best debut ever for a Pixar animated film. Many event films this year have met or exceeded the industry’s lofty expectations, including “Project Hail Mary,” “The Super Mario Galaxy Movie,” “Michael” and “The Devil Wears Prada 2.” The past few weeks have also seen two low-budget horror movies, “Backrooms” and “Obsession,” become unanticipated blockbusters.

Hormuz Status, MU Earnings and Other Key Things to Watch this Week
Barchart58d agoneutral
Hormuz Status, MU Earnings and Other Key Things to Watch this Week

Thursday delivers an economic data convergence with Q1 GDP revision, May Core PCE, durable goods orders, and initial jobless claims all at 8:30am, providing comprehensive economic assessment. The week features critical semiconductor earnings from Micron (MU) Wednesday and FedEx (FDX) Tuesday testing chip demand and logistics health.

JP Morgan's David Kelly Says It's 'A Great Economy For Stocks' Amid AI-Led Bull Market Despite Inflation Risks
Benzinga58d agoneutral
JP Morgan's David Kelly Says It's 'A Great Economy For Stocks' Amid AI-Led Bull Market Despite Inflation Risks

JPMorgan Chase & Co.’s asset-management arm advised investors to stay invested in stocks and other higher-risk assets in the second half of 2026, amid an AI boom and resilient consumption, despite persistent inflationary pressure. David Kelly, chief global strategist at JPMAM, told Bloomberg on Wednesday, "The good news in terms of baseline forecast is we think the economy will strengthen in the middle of the year." He attributed that strength partly to income tax refunds and stimulus checks fro

AbbVie's biggest deal since 2019 could land soon
TheStreet58d agoneutral
AbbVie's biggest deal since 2019 could land soon

AbbVie (ABBV) is closing in on a deal to buy Apogee Therapeutics for $10.9 billion in cash, according to a Reuters report citing people familiar with the matter in the Financial Times. The price values Apogee at a roughly 60% premium to its closing share price on Thursday, June 18, a steep markup ...

Apple’s Price Hike
The Wall Street Journal58d agoneutral
Apple’s Price Hike

Plus, the hacker sent to calm the U.S. government’s nerves about AI, the surprising benefits of 3-D-printed batteries, Elon’s $86 billion war chest and more.