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EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology
Reuters63d agoneutral
EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology

EssilorLuxottica, ‌the ‌world's largest eyewear ​maker, has signed a ‌long-term ⁠deal with U.S. ⁠chipmaking equipment ​company ​Applied ​Materials to ‌develop augmented reality display technology ‌and ​AI ​glasses, ​the ‌companies said on ​Tuesday. (Reporting ​by Gianluca ​Lo ‌Nostro; Editing ​by Emelia ​Sithole-Matarise)

Who Is The World’s Second Richest Person?
24/7 Wall St.63d agoneutral
Who Is The World’s Second Richest Person?

After SpaceX’s (NASDAQ: SPCX) IPO, Elon Musk’s net worth rose to $1.27 billion, making him the first trillionaire in world history (at least as far as most people know, based on inflation-adjusted dollars). His net worth has risen to $653 billion this year. That increase alone is larger than the net worth of the second-richest ... Who Is The World’s Second Richest Person?

A new technology is learning how to move money
TheStreet63d agoneutral
A new technology is learning how to move money

For the past two years, the story of AI on Wall Street has mostly been about speed. Faster research, faster summaries, faster answers to questions an analyst would otherwise spend an afternoon on. That story is now changing shape. The systems now being built are not just answering questions about ...

GM reveals new Silverado pickup as Ford F-150 sales falter
Yahoo Finance63d agoneutral
GM reveals new Silverado pickup as Ford F-150 sales falter

GM revealed its next-generation 2027 Chevrolet Silverado pickup, calling it the most powerful and advanced Silverado ever — and rolling it out just as crosstown rival Ford struggles to keep its bestselling F-150 on dealer lots.

Paying 50x Earnings Can Still Be Cheap — If You Know This One Thing
24/7 Wall St.63d agoneutral
Paying 50x Earnings Can Still Be Cheap — If You Know This One Thing

On a recent episode of The Investing for Beginners Podcast, value investor Daniel Levy reframed a question that trips up nearly every retail investor: when is a high P/E actually expensive? His answer flips the math. A P/E of 50 equals an earnings yield of just 2%, which sounds punishing. But that yield is only ... Paying 50x Earnings Can Still Be Cheap — If You Know This One Thing

Ford analyst identifies big benefits from its latest pivot
TheStreet63d agoneutral
Ford analyst identifies big benefits from its latest pivot

For the past three and a half years, Ford Motor has traded in a very narrow range, never going much above $15 per share and never too far below $10 per share. But the debut of Ford Energy last month changed all of that, sending the stock soaring 47% in May, peaking at $17.44 to close out the month. ...

SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings
24/7 Wall St.63d agoneutral
SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings

CNBC’s Leslie Picker walked viewers through the mechanics of last week’s blockbuster listing on June 15. She framed SpaceX (NASDAQ: SPCX) as more than the biggest IPO ever priced. “Friday’s debut went off really smoothly. There were no technology glitches in the 19% day one gain meant that those who received allocation generated a pretty ... SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings

Treasury Yields Ease as Markets Await Iran Deal Details, Fed
Barrons.com63d agoneutral
Treasury Yields Ease as Markets Await Iran Deal Details, Fed

Demand for Treasuries picks up, sending yields lower, as details of the announced peace deal with Iran remain unclear and the first two-day Fed meeting with Warsh as chairman starts. Oil prices fall nearly 5% and the WSJ Dollar Index is flat.

Clorox’s 5.5% Yield Is a Safe-Haven Sending Retirees Sprinting Back to This 51-Year Dividend Aristocrat
24/7 Wall St.63d agoneutral
Clorox’s 5.5% Yield Is a Safe-Haven Sending Retirees Sprinting Back to This 51-Year Dividend Aristocrat

Few consumer staples have been treated as roughly by the higher-for-longer rate regime as Clorox (NYSE:CLX). The stock sits down 18.6% over the past year, pushing the yield to a level rarely seen for a household-name aristocrat. With Goldman Sachs (NYSE:GS) projecting the Fed to cut another 50 basis points to 3-3.25% in 2026, income ... Clorox’s 5.5% Yield Is a Safe-Haven Sending Retirees Sprinting Back to This 51-Year Dividend Aristocrat

Buy, Hold, or Sell: SoundHound AI Slid 20% in June Despite a Massive $100 Million Acquisition. Is SOUN a Buy at $7.35?
24/7 Wall St.63d agoneutral
Buy, Hold, or Sell: SoundHound AI Slid 20% in June Despite a Massive $100 Million Acquisition. Is SOUN a Buy at $7.35?

At $7.35, SoundHound AI (NASDAQ:SOUN) screens as a wait-and-watch setup, with research framing suggesting a more attractive entry near $6.50 on macro-driven weakness. The voice AI specialist absorbed a brutal June sell-off despite announcing a $100 million acquisition of LivePerson. SoundHound builds an independent voice and agentic AI platform spanning automotive, restaurants, financial services, and ... Buy, Hold, or Sell: SoundHound AI Slid 20% in June Despite a Massive $100 Million Acquisiti

SpaceX  Launches Start of Acquisition Spree with Cursor After Historic IPO
24/7 Wall St.63d agoneutral
SpaceX  Launches Start of Acquisition Spree with Cursor After Historic IPO

The market has spent years viewing SpaceX (NASDAQ:SPCX) primarily as a rocket company, but that narrative no longer fits. The company’s historic IPO, which raised $85.7 billion after underwriters exercised the so-called “greenshoe” overallotment — with the stock currently valued at more than $2.7 trillion — revealed a business pursuing ambitions that stretch far beyond ... SpaceX Launches Start of Acquisition Spree with Cursor After Historic IPO

SpaceX Overtakes Amazon by Market Cap—With Microsoft in Its Sights
The Wall Street Journal63d agoneutral
SpaceX Overtakes Amazon by Market Cap—With Microsoft in Its Sights

SpaceX shares are surging 14% in early trading, putting Elon Musk's rocket company on track for a third-straight day of gains. On an intraday basis, SpaceX has already crossed that threshold. Its stock move gives the rocket company a market cap of about $2.937 trillion, versus $2.654 trillion for Amazon.

Long Bonds Just Lost Money for a Sixth Straight Year, And One Quiet ETF Is Engineered for the Reversal
24/7 Wall St.63d agoneutral
Long Bonds Just Lost Money for a Sixth Straight Year, And One Quiet ETF Is Engineered for the Reversal

Prior to the start of the Iran War, President Donald Trump had been feuding with Jerome Powell about cutting interest rates. Despite tremendous capital inflows from tariffs, record-low inflation, and a revived business climate due to cutting bureaucratic Biden-era restrictions, Powell stubbornly refused to cut rates. Kevin Warsh took the Fed chair oath on ... Long Bonds Just Lost Money for a Sixth Straight Year, And One Quiet ETF Is Engineered for the Reversal

Options on SpaceX shares start trading in heavy volume
Reuters63d agoneutral
Options on SpaceX shares start trading in heavy volume

Options on SpaceX started trading at a brisk pace on ‌Tuesday, offering investors another avenue to ‌bet on the future of the newly listed ​shares of Elon Musk's rocket company. Options allow investors to buy or sell an asset at a predetermined price within a set ‌time period, and ⁠are used to hedge against risk or to speculate on price ⁠movements. Some 115,000 options contracts changed hands in the first 10 minutes of trading, with ​calls leading ​puts 1.7-to-1, according ​to Trade Alert ‌data.