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Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
Reuters51d agoneutral
Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech

Alphabet shares climbed on Monday as the Google parent made its debut in the blue-chip Dow Jones ‌Industrial Average, replacing Verizon Communications, and immediately ranking among its ‌most influential members. • Its shares rose 3.7% to $350.24, offering one of the biggest boosts ​to the 30-member Dow. • The company replaced Verizon on the index, S&P Dow Jones Indices said in an announcement on June 23.

Factbox-Comcast spinoff latest in wave of US media shakeups
Reuters51d agoneutral
Factbox-Comcast spinoff latest in wave of US media shakeups

Comcast's decision to spin off its NBCUniversal and Sky businesses marks the latest ‌effort by a major U.S. entertainment company to ‌separate or reshape legacy television assets as cord-cutting accelerates and streaming ​upends the industry. The move follows years of sweeping strategic overhauls across the sector, with companies pursuing mergers, breakups, asset sales and lowered spending to sharpen focus and compete ‌more effectively in ⁠an increasingly digital media landscape.

Apple says India 'copy-pasted' rivals' claims in antitrust probe
Reuters Videos51d agobearishVIDEO
Apple says India 'copy-pasted' rivals' claims in antitrust probe

<body><p>STORY: Apple accused&nbsp;India’s antitrust watchdog of "copy-pasting" rivals' claims in the latest escalation of their ongoing fight.&nbsp;</p><p>Regulatory papers reviewed by Reuters showed that Apple said the body failed to conduct its own probe after it concluded the tech giant breached competition laws.</p><p>Apple has called for the findings to be quashed.&nbsp;</p><p>It marks the sharpest move yet in Apple's conflict with the Competition Commission of India (CCI)...</p><p>Where Tinder-owner Match and Indian firms like Paytm are among its opponents.</p><p>In 2024, India’s watchdog published a report saying Apple engaged in "abusive conduct" on the apps platform of its iOS operating system...</p><p>And that Apple wrongly mandated the use of its payment system.</p><p>Apple has denied the allegations.&nbsp;</p><p>The tech giant instead branded itself a “miniscule player” in India with a sub-6% share of India's smartphone market.</p><p>And said that any forced alterations to its App Store could disrupt its integrated business model.</p><p>Similar arguments by other big companies, like Alphabet’s Google in 2023, have failed to sway the watchdog.</p><p>The CCI and its head of investigations] did not respond to Reuters queries.</p><p>&nbsp;Apple also did not respond to requests for comment.</p></body>

Investing.com51d agobullish
Palantir surges 4% on Nvidia sovereign AI pact as software beats semis

Investing.com -- Palantir Technologies Inc (NASDAQ:PLTR) is trading up 4.6% at $118.09 on Monday, extending a rebound that began Friday when the stock snapped a seven-session losing streak, after the company announced a strategic initiative with NVIDIA Corporation (NASDAQ:NVDA) to deploy open AI models inside classified and air-gapped government environments. The partnership pertains to a jointly developed intelligent engine pairing Nvidia's Blackwell Ultra GPUs and Nemotron open models with Pal

Strategy’s Turnaround Plan Includes Stock Buyback, Bitcoin Sales and More Reserves
The Wall Street Journal51d agobullish
Strategy’s Turnaround Plan Includes Stock Buyback, Bitcoin Sales and More Reserves

Michael Saylor’s   Strategy plans to buy back stock and sell bitcoin among many moves aimed at stemming the loss of confidence in the crypto-hoarding company. Strategy said Monday it would repurchase as much as $1 billion of its preferred shares and up to $1 billion of its Class A common stock. It also said it might sell bitcoin to raise up to $1.25 billion in cash to help cover the dividend payments on its preferred stock and the interest on outstanding debt, as well as to fund its share-repurchase program and cash reserve.

Wall Street Is Terrified of Nike’s Tuesday Earnings and a Sudden CFO Shakeup—Why This Is the Ultimate Aggressive Buy on Repeat
24/7 Wall St.51d agobullish
Wall Street Is Terrified of Nike’s Tuesday Earnings and a Sudden CFO Shakeup—Why This Is the Ultimate Aggressive Buy on Repeat

I keep hitting the buy button on Nike, and Tuesday’s earnings report has not slowed me down. It has done the opposite. Every panic headline about CFO Matthew Friend stepping down, every Reddit thread warning of soft numbers, every fresh leg lower in the share price has me adding again. This is a confession of ... Wall Street Is Terrified of Nike’s Tuesday Earnings and a Sudden CFO Shakeup—Why This Is the Ultimate Aggressive Buy on Repeat

Walmart’s war with Amazon just moved into your living room
TheStreet51d agoneutral
Walmart’s war with Amazon just moved into your living room

The fight between Walmart and Amazon is no longer just about who can deliver groceries faster or offer the lowest price on household essentials. That rivalry has moved into nearly every part of retail. The two companies compete for shoppers, marketplace sellers, delivery speed, memberships, ...

Comcast Split Pushes Charter’s Stock Higher
The Wall Street Journal51d agoneutral
Comcast Split Pushes Charter’s Stock Higher

Comcast’s planned breakup is sending Charter Communications’ stock soaring. The cable giant plans to spin off NBCUniversal and Sky operations, leaving Comcast to focus on broadband, wireless and cable. “The core regulatory questions [for a potential bid] become cleaner: broadband concentration, local market overlap, wireless bundling and the FCC public interest review,” research firm MKI Global Partners said in a note today.

These 7 Stocks Will Solve AI’s Most Important Bottleneck
24/7 Wall St.51d agoneutral
These 7 Stocks Will Solve AI’s Most Important Bottleneck

Artificial intelligence has no shortage of obstacles. The industry is scrambling to secure enough electricity to power new data centers, enough land to build them, and enough high-bandwidth memory (HBM) to keep next-generation chips fed with data. Yet another constraint is emerging that could prove just as important: moving information between those chips fast enough ... These 7 Stocks Will Solve AI’s Most Important Bottleneck

Bloomberg51d agobullish
Investors Snub a 1,400 Basis-Point Outperformance in Small Caps

(Bloomberg) -- The smallest, riskiest group of US stocks has put in a magnificent performance in the first half of the year. You never would have guessed it by looking at investor positioning.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksOil Trades Near Four-Month Low as US and Iran Halt Fresh AttacksAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardPrabowo Risks Prompt Global Banks to

Google Will Punch Below Its Weight in the Dow
The Wall Street Journal51d agoneutral
Google Will Punch Below Its Weight in the Dow

Alphabet joins the Dow today, replacing Verizon Communications. Its addition will give the index more AI exposure... though its methodology means it won’t be as great as you might think. We broke it down in charts.

Microsoft (MSFT) Faces EU Gatekeeper Move And Italy Antitrust Probe
Simply Wall St.51d agobearish
Microsoft (MSFT) Faces EU Gatekeeper Move And Italy Antitrust Probe

The European Commission has issued a preliminary decision to classify Microsoft Azure as a gatekeeper under the Digital Markets Act, signaling new potential obligations for the cloud platform in the EU. Italy's antitrust regulator has opened an investigation into Microsoft 365, focusing on how Copilot and Designer are integrated, how price changes are communicated, and the handling of customer migrations to higher priced plans. Both actions highlight growing regulatory attention on...