SpaceX's blockbuster debut and the looming IPOs of Anthropic, OpenAI and Perplexity could fuel AI ETFs, potentially outweighing concerns over higher-for-longer interest rates.
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Every month, Bank of America surveys some of the world's largest institutional investors to build a picture of how professional money managers see the global economy. The latest edition of that survey landed with a specific number that stood out: Equity allocations had jumped to 50% overweight from ...
Micron Gets a Huge Price Target Boost Ahead of Earnings
(Bloomberg) -- A series of unusual multibillion-dollar flows has rippled through the exchange-traded fund market in the past week, suggesting some major investors used a contentious method to get exposure to the initial public offering of SpaceX. At least one fund manager placed temporary restrictions on its product in a bid to curb the practice.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy
The S&P 500 Index ($SPX ) (SPY ) today is down -0.15%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.30%. June E-mini S&P futures (ESM26 ) are down -0.17%, and June E-mini Nasdaq futures...
Amazon’s growth over the past three decades has been phenomenal. The company initially started out selling books online at the start of the internet boom in the mid-1990s, but its online marketplace now offers millions of goods, from clothing to electronics to groceries and household essentials. ...
Over the last six months, LPL Financial’s shares have sunk to $303.41, producing a disappointing 14.7% loss - a stark contrast to the S&P 500’s 12.4% gain. This may have investors wondering how to approach the situation.
s SpaceX's IPO raised a record $85.7 billion. Crypto traders are betting on a valuation of multi-trillions. Analysts remain cautious despite the rally. Crypto traders ...
SpaceX stock has risen around 50% since its Nasdaq debut last Friday, pushing its valuation above $2.66 trillion at Tuesday's close
The partnership with China Southern Air Logistics could make Guangzhou a key connection for U.S. shipments to Southeast Asia, Cirrus Global Advisors founder Derek Lossing said.
FedEx says it has significantly reduced cargo backlogs at its warehouses in Vietnam after a messy switch to a new ground delivery partner and new technology system. The post FedEx slowly recovers from operational meltdown in Vietnam appeared first on FreightWaves.
(Bloomberg) -- A proposal by the top US securities regulator to eliminate a rule that mandates stock investors get the best possible prices for their transactions will benefit a new and growing corner of the financial market: crypto. Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offe
Salesforce acquires AI agent firm Fin for $3.6 billion, adding a customer service agent that resolves 76% of support queries to its Agentforce platform.

Interactive Brokers chief strategist Steve Sosnick comes on the Morning Brief to expand on the stock growth that SpaceX (SPCX) has seen just a few trading days since its IPO last Friday.
Over the past six months, MillerKnoll’s shares (currently trading at $15.72) have posted a disappointing 10.4% loss, well below the S&P 500’s 12.4% gain. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
The stock market was rising ahead of Kevin Warsh’s first Federal Open Market Committee meeting press conference. The Dow was up just 135 points, or 0.3%, after hitting another record on Tuesday. The Nasdaq was up 0.4%.
High volatility creates opportunities for options sellers. Here’s how one space ETF may fit a cash-secured put strategy.
(Bloomberg) -- US consumers ramped up spending in May across a broad range of retailers, signaling households powered ahead despite higher gasoline prices.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealThe value of retail purchases rose 0.
June 17 (Reuters) - The main U.S. stock indexes opened higher on Wednesday, as chip stocks rebounded ahead of the first interest rate decision under new Federal Reserve Chair Kevin Warsh.
Technology company Genspark.ai said on Wednesday it had raised $100 million in its extended funding round that valued it at $2.6 billion, underscoring strong investor appetite for AI companies developing workplace productivity tools. The round was backed by existing investors including Sozo Ventures, Korea Mirae Asset and UpHonest Capital. The latest investment brings the Palo Alto, California-based company's total Series B financing to $485 million.
(Bloomberg) -- It was 180 degrees off the hot trade on Wall Street. Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealSnub Nvidia Corp., the soaring king of artificial intelligence chips. Embrace Adobe Inc., a sinking casualty of AI disruptio
Gold edged lower early Wednesday as the dollar rose after a report showed U.S. retail sales rose mor
Investing.com - U.S. stock futures were broadly steady on Wednesday as investors geared up for a key Federal Reserve interest rate decision and monitored reports on the details of a preliminary Middle East peace agreement.
Treasury yields tick higher ahead of the first interest rate decision under Fed Chairman Kevin Warsh. Rates are expected to remain unchanged. Investors are curious about how Warsh will change the central bank's communications with the public and its forward guidance.
June 17 (Reuters) - The wealth division of Morningstar has teamed up with Apollo Global Management, Franklin Templeton and J.P.
What a time it’s been for nLIGHT. In the past six months alone, the company’s stock price has increased by a massive 93.7%, reaching $67.13 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Applied Materials, Inc. (AMAT) shares jump over 7,700% since 1997’s first institutional outlier signal.
Shares of Western Digital Corporation (WDC) gain 11,294% since Big Money first bought big in 1994.