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Investing.com32d agobearish
Raymond James cuts Delta and JetBlue ratings ahead of Q2 earnings

Investing.com -- Raymond James made two rating changes in the U.S. airline sector ahead of second-quarter earnings, downgrading Delta Air Lines from Strong Buy to Outperform and cutting JetBlue Airways to Underperform from Market Perform in a note to clients on Monday.

Besi Shares Tumble Amid Fears of Uptake Delay of New Chip-Stacking Technology
The Wall Street Journal32d agobearish
Besi Shares Tumble Amid Fears of Uptake Delay of New Chip-Stacking Technology

BE Semiconductor stock tumbled after a report said that some of the Dutch group’s main customers are delaying uptake of its advanced hybrid bonding technology. Memory chip makers Samsung Electronics and SK Hynix —which are customers of Besi—are questioning the need to adopt hybrid bonding technology for their most advanced chip stacks, Korean news outlet ZDNet reported, citing unnamed sources. Besi is the market leader in advanced hybrid bonding, a technology that fuses chips together at a molecular level.

Bloomberg32d agobearish
Oil Drops as Flows in Hormuz Persist and OPEC+ Flags More Supply

(Bloomberg) -- Oil fell as energy flows through the Strait of Hormuz persisted and OPEC+ signaled higher supplies, fanning concerns about a potential glut.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great American State Fair Looks So EmptyGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaBrent dropped below $7

Top-rated analyst sets a jaw-dropping Intel stock price target
TheStreet33d agobearish
Top-rated analyst sets a jaw-dropping Intel stock price target

Intel spent most of 2023 and 2024 as one of the most beaten-down chip stocks on Wall Street. Frank Lee, an HSBC semiconductor analyst, was among the skeptics. In late 2025 he had the company on reduce with a $24 price target and a straightforward message: time to bail out. On July 2, Lee published ...

Wall Street's $200 billion IPO wave threatens sell-off
TheStreet33d agobearish
Wall Street's $200 billion IPO wave threatens sell-off

SpaceX, Anthropic, and OpenAI are collectively moving toward public offerings that could rank among the most valuable stock sales ever completed. The flood of new shares entering the market creates selling pressure on stocks that investors already have in their portfolios. Academic research ...

Bloomberg35d agobearish
Citi Says Oil May Slump to $60 as Hormuz Shock Fades Away

(Bloomberg) -- Brent oil could extend declines to $60 a barrel by year-end as disruptions in the Strait of Hormuz ease, according to Citigroup Inc., adding to a chorus of bearish outlooks for the global crude market.Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileWhy the Great American State Fair Looks So EmptyGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonMeta Is Planning a Cloud Business to Sell AI Computing PowerRussia Indicates Ukraine Fi

Fresh lawsuit drops bombshell on Micron stock price
TheStreet35d agobearish
Fresh lawsuit drops bombshell on Micron stock price

Micron Technology just delivered the best quarter in its history. However, three days later, a federal courtroom in California turned that story upside down. A class-action lawsuit filed on June 25 accuses Micron (MU), Samsung, and SK Hynix of secretly restricting memory chip supply to inflate ...

Bloomberg35d agobearish
AMP Says Bonds No Longer a Hedge, Cuts From Some Pension Funds

(Bloomberg) -- AMP Ltd., one of Australia’s top asset managers, has ditched bonds from some of its retirement funds with sovereign debt no longer offering the diversification investors have relied on for decades as a ballast against stock volatility.Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonMeta Is Planning a Cloud Business to Sell AI Computing PowerRussia Indicates Ukraine Fired Long-Range

Nvidia revealed missing puzzle piece of its long-term strategy
TheStreet35d agobearish
Nvidia revealed missing puzzle piece of its long-term strategy

Investors seem to be missing or misunderstanding the key details of Nvidia’s long-term strategy. We can see this in the stock's performance. Nvidia (NVDA) stock is up 5.94% year to date at the time of writing, Thursday morning, July 2. Meanwhile, the SPDR S&P 500 index (SPY) is up about 9.36% ...

Popular Tesla investor blames Trump for Bitcoin crash
TheStreet35d agobearish
Popular Tesla investor blames Trump for Bitcoin crash

Popular Tesla (Nasdaq: TSLA) investor and Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber doesn't mince his words, whether discussing Elon Musk's priorities or the crypto market. As it emerged that U.S. President Donald Trump made a profit of $1.2 billion ...

Chip Stocks Tumble Again
The Wall Street Journal35d agobearish
Chip Stocks Tumble Again

American employers added 57,000 new jobs last month, the Labor Department said Thursday. Memory stocks were particularly hard hit, with Sandisk falling 14.1% and Samsung Electronics declining 9.1% overnight.

Driver Charged With Manslaughter After Tesla Crashed Into Texas Home, Killing Woman Inside
The Wall Street Journal36d agobearish
Driver Charged With Manslaughter After Tesla Crashed Into Texas Home, Killing Woman Inside

A Texas man faces manslaughter charges after the Tesla he was driving crashed into a Houston-area home in June, killing a woman inside. Michael David Butler, 44, claimed to law-enforcement officials that his 2025 Tesla Model 3 was operating with its semiautonomous Full Self-Driving (Supervised) driver-assistance feature when it collided with the home in suburban Katy, Texas, on June 19. A woman inside the home, 76-year-old Martha Avila, died at an area hospital following the crash, according to court documents.

Bloomberg36d agobearish
DOJ Probes Alleged Insider Trading Scheme That Stung Susquehanna

(Bloomberg) -- The Justice Department is looking into Susquehanna International Group’s allegations that unknown insider traders made $100 million on options bets placed ahead of a recent Chinese regulatory crackdown on cross-border brokerages, according to people familiar with the matter.Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileMeta Is Planning a Cloud Business to Sell AI Computing PowerKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO

Ford US second quarter sales fall 10%
Reuters36d agobearish
Ford US second quarter sales fall 10%

July 2 (Reuters) - Ford on Thursday reported a 10.3% drop in U.S. sales in the second quarter, as the automaker reeled from lower inventory of its F-150 pickup trucks.

Jobs Report: Unemployment Rate Falls Despite Weak Hiring; S&P 500 Futures Rise (Live Coverage)
Investor's Business Daily36d agobearish
Jobs Report: Unemployment Rate Falls Despite Weak Hiring; S&P 500 Futures Rise (Live Coverage)

The June jobs report delivered two surprises with the unemployment rate unexpectedly falling even as hiring tumbled. Following the data, S&P 500 futures strengthened, while the two-year Treasury yield, which is linked to the Fed interest-rate outlook, climbed as markets digested the implications for future rate hikes. Because the Federal Reserve has stopped providing forward guidance under new Federal Reserve Chairman Kevin Warsh, creating uncertainty about future policy moves, markets could be a bit volatile.

Top EU court dismisses Google appeal of $4.5 billion antitrust fine
Associated Press36d agobearish
Top EU court dismisses Google appeal of $4.5 billion antitrust fine

Judges at the European Union's top court dismissed an appeal by Google over a landmark, 4.1 billion euro ($4.5 billion) antitrust fine imposed for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system. The case has been tangled up in courts since the European Commission announced the fine in 2018. “The appeal brought by Google and its parent company Alphabet against the judgment of the General Court is dismissed, thereby confirming the penalty imposed for Google Search’s abuse of a dominant position in the context of the Android operating system,” the Luxembourg-based judges wrote in their ruling.