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Should Stronger-Than-Expected Earnings and Guidance Revisions Require Action From Altria Group (MO) Investors?
Simply Wall St.74d agoneutral
Should Stronger-Than-Expected Earnings and Guidance Revisions Require Action From Altria Group (MO) Investors?

In recent weeks, Altria Group reported quarterly earnings and revenues that came in above analyst estimates, alongside modest upward revisions to its earnings forecasts and a reaffirmed full-year earnings guidance range of US$5.56 to US$5.72 per share. This combination of stronger-than-expected results and improving earnings expectations has drawn increased attention from investors and research platforms, with Altria now featuring on several “most searched” stock lists. We’ll now examine how...

JPMorgan sounds the alarm on the runaway cost of AI
TheStreet74d agoneutral
JPMorgan sounds the alarm on the runaway cost of AI

Every era has a number that stops making sense, a figure so large the brain just files it next to "infinity" and moves on. For most of my career, that kind of number lived in government budgets, the sort of sum you nod at without really feeling. Lately it has migrated somewhere stranger. It now ...

Jensen Huang Commands Seoul Stage With Night of Street Theatre
Bloomberg74d agoneutral
Jensen Huang Commands Seoul Stage With Night of Street Theatre

(Bloomberg) -- For one Friday night, Hongdae wasn’t Seoul’s trendiest neighborhood. It was Jensen Huang’s stage.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSpaceX Inks $30 Billion Computing Power Deal With GoogleTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalThe Nvidia Corp. chief executive landed in Seoul and pr

Investing.com74d agoneutral
Is Wall Street’s AI boom spreading to main Street?

Investing.com -- Yardeni Research said growing evidence suggests the artificial intelligence boom is extending beyond major technology companies and into the broader U.S. economy, supporting hiring, business formation, and investment despite ongoing geopolitical and inflation risks.

Investing.com74d agoneutral
Earnings season takeaways: resilient, but for how long?

Investing.com -- Goldman Sachs said strong corporate earnings and resilient consumer spending indicate the U.S. economy remains on a solid footing, although slowing household demand and rising cost pressures could weigh on growth later this year.

Blackstone raises $13.1 billion in key market
TheStreet74d agoneutral
Blackstone raises $13.1 billion in key market

Blackstone just made its biggest private equity bet ever in a key market. It blew past its $10 billion target. It also more than doubled the size of the prior fund, which raised roughly $6 billion. The fund was oversubscribed and hit its hard cap. For the world's largest alternative asset manager, ...

From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending
Associated Press74d agoneutral
From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending

U.S. consumers haven’t stopped spending money since the Iran war drove up fuel prices, but many shoppers are reassessing what they buy and where, according to company executives and retail analysts. During recent earnings calls with analysts, executives from American mainstays like Walmart, McDonald's and Dollar General cited overall shopper resilience as well as noticeable cutbacks by lower-income customers.

Bloomberg75d agoneutral
Netflix Picks Investor Jay Hoag as Chairman After Hastings

(Bloomberg) -- Netflix Inc. named Jay Hoag, founding general partner of the investment firm TCV, as chairman, to replace co-founder Reed Hastings, who left the board this week.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSpaceX Inks $30 Billion Computing Power Deal With GoogleTrump Says He, Not Congress, Is in Charge of Kennedy Center in

Previewing the 2026 Q2 Earnings Season
Zacks75d agoneutral
Previewing the 2026 Q2 Earnings Season

The 2026 Q2 earnings season will take the spotlight when the big banks report their results in mid-July. But we will already have seen fiscal May-quarter results from almost two dozen companies by then. What can investors expect?

Carnage in Chip Stocks Hits Hard
The Wall Street Journal75d agoneutral
Carnage in Chip Stocks Hits Hard

Fears of rising interest rates collided with worries about artificial-intelligence spending on Wall Street Friday, bringing an abrupt and painful end to weeks of gains and sending the Nasdaq composite to its worst day in more than a year.

Wall Street ends sharply lower as jobs data fuels rate hike fears
Reuters Videos75d agoneutralVIDEO
Wall Street ends sharply lower as jobs data fuels rate hike fears

<body><p>STORY: Wall Street’s nine-week winning streak came to an abrupt&nbsp;halt on Friday, with the Dow dropping about one-and-a-third percent, the S&P 500 sliding more than 2.6% and the tech-heavy Nasdaq tumbling nearly 4.2%, its largest one-day percentage loss in more than a year.</p><p>Selling was concentrated among chip stocks and other technology favorites that have surged in recent weeks as the Nasdaq and S&P 500 rose repeatedly to fresh highs.</p><p>The Philadelphia Semiconductor Index erased more than $1 trillion in stock market value on Friday, suffering its largest one-day percentage plunge since March of 2020.</p><p>Eric Lynch, managing director and co-portfolio manager of Suncoast Equity Management, said tech stocks tanked due to rate-hike and AI spending concerns.</p><p>"The first factor is the blowout jobs report this morning. That has taken the chances of another Fed cut off the table for 2026. That hits long-duration, most exciting speculative stocks the most. [FLASH] But also there's been grumblings about AI, just some concerns about whether or not the token usage is really translating to great returns. And you've seen some consternation kind of bubbling up."</p><p>Among individual movers, AI chipmaker Nvidia, the largest company by market value, lost more than 6%, while Intel, Micron, AMD and Broadcom all slid between about 8% and 13.5%.</p><p>Shares of Lululemon Athletica slumped about 8.5% after the athletic apparel maker cut its annual profit forecast and projected second-quarter earnings well below Wall Street estimates.</p><p>And a more than 4% drop in bitcoin hit cryptocurrency firms, with shares of Coinbase and Strategy each tumbling about 7%.</p></body>

Netflix names longtime director Jay Hoag as chairman, succeeding Reed Hastings
Reuters75d agoneutral
Netflix names longtime director Jay Hoag as chairman, succeeding Reed Hastings

Netflix appointed lead independent director Jay Hoag as chairman of ‌its board, succeeding Reed Hastings, who ‌stepped down from the board of the streaming ​service he co-founded nearly three decades ago. • The streaming platform announced the move in an SEC ‌filing on Friday, ⁠saying Hoag assumed the role following its annual shareholders meeting on ⁠June 4. • Netflix said in April that Hastings is quitting the company in order ​to focus ​on his philanthropy ​and other pursuits.

Investing.com75d agoneutral
Marvell stock pops after S&P 500 inclusion announcement

Investing.com -- Marvell Technology Inc (NASDAQ:MRVL) shook off a sharp two-day slump in postmarket trade Friday following the announcement of its upcoming inclusion in the bellwether S&P 500 index. Shares of the semiconductor company bounded 6% higher in after-hours trade as S&P Dow Jones Indices revealed the changes for its quarterly rebalance. The index addition caps a highly volatile week for Marvell, which initially went on a tear after Nvidia CEO Jensen Huang called it the next "trillion-d

AT&T lands Rivian win as Wall Street sees a growing threat
TheStreet75d agoneutral
AT&T lands Rivian win as Wall Street sees a growing threat

AT&T (T) has a new problem on Wall Street. The telecom behemoth has spent years trying to convince investors that its story is greater than dividends, debt reduction and old-school wireless service. That effort has been strengthened. AT&T has been busy extending its fiber footprint, ...

Bloomberg75d agoneutral
Trump Signs AI Memo Addressing Issues in Anthropic-Pentagon Feud

(Bloomberg) -- US national security agencies must make a priority of working with more than one artificial intelligence provider, according to a memo from President Donald Trump that follows an extended feud between the Pentagon and Anthropic PBC, which until recently was the only vendor approved for classified military use.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPO