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Investing.com70d agoneutral
Truist reshuffles fintech picks, downgrades BILL and upgrades Global-e

Investing.com -- Truist Securities downgraded fintech software company BILL Holdings to Hold from Buy while upgrading cross-border e-commerce platform Global-e Online to Buy, arguing that investors should reposition within the fintech sector as competitive and growth dynamics shift.

Connection (CNXN): Buy, Sell, or Hold Post Q1 Earnings?
StockStory70d agoneutral
Connection (CNXN): Buy, Sell, or Hold Post Q1 Earnings?

Connection has had an impressive run over the past six months as its shares have beaten the S&P 500 by 13.1%. The stock now trades at $73.17, marking a 20.6% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.

Google and Meta denied new trial in youth social media addiction case
Reuters70d agoneutral
Google and Meta denied new trial in youth social media addiction case

June 10 (Reuters) - A California state court judge has denied motions by Meta Platforms and Google's YouTube seeking ‌a new trial after a jury found the companies liable for ‌designing social media platforms that are harmful to young people. Los Angeles Superior Court Judge ​Carolyn Kuhl ruled on the motions on Tuesday, according to court documents.

Health Care Roundup: Market Talk
The Wall Street Journal70d agoneutral
Health Care Roundup: Market Talk

Find insight on Big European pharmaceutical companies, GSK, Kossan Rubber Industries and more in the latest Market Talks covering the health care sector.

Trump says he thinks AI companies will agree to 'giving back' to the public
Reuters70d agoneutral
Trump says he thinks AI companies will agree to 'giving back' to the public

U.S. President Donald Trump said ‌on Wednesday that he expects top artificial ‌intelligence companies to agree to "giving back" to the public, an apparent ​reference to a possible government stake in the firms. "I'm going to have meetings with the top 12 or 15 executives very shortly, and we're talking about giving back ‌something to the ⁠public, and if we do that, the public will become very rich," Trump told ⁠reporters in the White House’s Oval Office. A Trump spokesperson did not ​immediately respond to ​a request for more details about the ‌president meeting with AI executives.

Uber sues New York City over 'reckless' driver protection law
Reuters70d agoneutral
Uber sues New York City over 'reckless' driver protection law

Uber Technologies sued New York City to block enforcement of a new law that it said would unconstitutionally force ‌it to keep drivers it does not want on its platform. In a complaint filed ‌late on Tuesday night, Uber said the law against "wrongful deactivations" would improperly shield drivers who engage in dangerous, threatening ​or other inappropriate behavior, threatening public safety and causing "immediate and irreparable harm" by undermining the company's reputation and goodwill. It said the law violates its free-speech and due-process rights under the U.S. Constitution, as well as New York's state constitution.

Amazon LTL Freight Launch Is Pothole For These S&P 500 Stocks
Investor's Business Daily70d agoneutral
Amazon LTL Freight Launch Is Pothole For These S&P 500 Stocks

Amazon.com muscled into the less-than-truckload (LTL) freight business on Wednesday, driving S&P 500 members FedEx Freight and Old Dominion Freight Lines into a pothole. However, the freight stocks bounced back off early lows as investors saw a relatively modest near-term threat.

Copper Analyst: America Needs as Much Copper in the Next 18 Years as It Mined in the Last 10,000 Years
24/7 Wall St.70d agoneutral
Copper Analyst: America Needs as Much Copper in the Next 18 Years as It Mined in the Last 10,000 Years

Dan Dreyfus, founder of Borneite Capital, made a striking case for copper on a recent appearance on the All-In Podcast. By his calculations, simply keeping up with ordinary GDP growth would require the world to extract 700 million tons of copper over the next 18 years, which is roughly the same amount humanity has mined ... Copper Analyst: America Needs as Much Copper in the Next 18 Years as It Mined in the Last 10,000 Years

Inflation Could Be Nearing Its Peak. The Fed's Work May Not Be Over.
Barrons.com70d agoneutral
Inflation Could Be Nearing Its Peak. The Fed's Work May Not Be Over.

The monthly pace of inflation slowed in both the headline and core readings for May, released Wednesday. Headline inflation rose 0.5% month over month, a bit of a break from April’s 0.6% advance and in line with expectations. Core inflation was up just 0.2% month over month in May after a 0.4% gain in April.

Trump Praises Citigroup and CEO Jane Fraser
The Wall Street Journal70d agoneutral
Trump Praises Citigroup and CEO Jane Fraser

President Trump congratulated Citigroup and its CEO Jane Fraser on making a “BIG comeback,” a rare instance of praise for a big bank while his administration spars with the industry. “Wow! CITI was ranked Number 1 in topping M&A Advisory Market by Value in Q1.

CPI Just Spelled Bad News for Social Security COLA — Even Though it May Not Seem That Way
24/7 Wall St.70d agoneutral
CPI Just Spelled Bad News for Social Security COLA — Even Though it May Not Seem That Way

Anyone who’s been paying attention at the pump or supermarket knows that the cost of goods has increased substantially this year, particularly over the past few months. We can largely thank the Iran conflict for that. Since the conflict broke out earlier in the year, oil prices have soared, leading to a rise in ... CPI Just Spelled Bad News for Social Security COLA — Even Though it May Not Seem That Way

Bank of America offers blunt advice to U.S. stock traders
TheStreet70d agoneutral
Bank of America offers blunt advice to U.S. stock traders

The Bank of America warned on June 5 that there are “too many red flags” waving over U.S. stocks and traders should take profits, CNBC reported. The bank tracked 10 bear market signposts and saw seven signposts triggering in May, five in April, and four in March. Seven is the average number of ...

Google and Meta denied new trial in youth social media addiction case, sources say
Reuters70d agoneutral
Google and Meta denied new trial in youth social media addiction case, sources say

A California state ‌court judge denied motions ‌by Meta Platforms and Google's YouTube ​seeking a new trial after a jury found them liable for designing social ‌media platforms ⁠that are harmful to young people, sources ⁠familiar with the ruling confirmed on Wednesday. Los ​Angeles Superior Court ​Judge ​Carolyn Kuhl ‌ruled on the motions on Tuesday, according to court documents.