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Investors have several reasons to expect a more cautious message from JPMorgan. The S&P 500 rally has already been powerful; valuations are no longer cheap, and the market has been balancing Fed uncertainty, stretched positioning, and questions about how much good news is priced in. However, in ...
Crude prices fell Monday after the US said it is temporarily lifting sanctions on Iran to allow it to export oil, while the Nasdaq retreated on concerns after AI investments by SpaceX and other tech giants.The US Treasury said later Monday it was temporarily lifting sanctions on Iran to allow the Islamic Republic to produce, sell and deliver crude oil and related products through August 21.
Cruise stocks have been on a tear recently, boosted by tumbling oil prices and hopes of an end to the Iran war.
The Disney-owned network is encouraging viewers to tell the FCC to drop probes into “The View” and ABC broadcast licenses.
June 22 (Reuters) - Workday must face claims that its popular AI-powered human resources software weeded out job applicants at other companies in ways that violated California law and a federal ban on discrimination against workers with disabilities, a federal judge ruled on Monday. District Judge Rita Lin in San Francisco rejected California-based Workday's claim that the state's anti-discrimination laws do not apply when it screens people based outside California who are applying for jobs
A driver told law-enforcement officials he was using Tesla’s Autopilot when his car slammed into a Houston-area home, killing a woman.
Carnival's Q2 earnings on Tuesday are expected to detail booking momentum, fuel cost impact. CCL's stock performance trails this rival.
Coca-Cola is a dividend king with 64 straight years of payout increases, a presence in more than 200 countries, and a place in the Dow. The Internal Revenue Service believes the beverage giant owes up to $20 billion in additional taxes and interest tied to its overseas profit allocations. A federal ...
Torsten Slok, the Apollo Global Management (NYSE:APO) chief economist who has spent the past year warning that the Fed would have less room to cut than markets wanted, went on CNBC last week and essentially argued that his own thesis had just been overturned by a barrel of oil. The Federal Open Market Committee had ... Oil’s Plunge Below $80 Is Already Reshaping the Fed’s Rate Path, Says Apollo’s Torsten Slok
Shares of U.S. technology megacaps tumbled on Monday as SpaceX fell for the third straight session and hyperscalers Alphabet and Amazon looked set to lose billions of dollars in market value, driven by AI spending concerns. SpaceX slid over 10% after last week's blistering post-IPO rally. Alphabet dropped 6%, set for its biggest one-day fall since May 2025 and on pace to erase more than $256 billion in market capitalization.
Greenspan died Monday. He was 100.
(Bloomberg) -- Alphabet Inc. shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIran Cites ‘Major Progress’ After All-Night Talks With USThe stock fell as much as 7.2%, t
"The Fed was willing to look through the tariffs, but it is losing patience after the latest round of supply shocks."
By Chibuike Oguh NEW YORK, June 22 (Reuters) - Global stocks were mostly flat on Monday while oil prices fell, as optimism over progress in U.S.-Iran talks was offset by expectations of higher
Investing.com -- Lucid Group (NASDAQ:LCID) announced Monday it will reduce its U.S. workforce by approximately 18% and that Chief Operating Officer Marc Winterhoff has departed the company.
SpaceX stock dropped 10% Monday, extending a losing streak that began last week after an early surge pushed the company's valuation past Amazon and Microsoft
Treasury yields and the dollar rise amid tense negotiations in the Middle East. Oil prices decline as mediators say U.S.-Iran talks will continue this week, following a rocky start. The long disruption in global oil supplies, however, keeps inflation fears elevated.
SpaceX shares are on course for their biggest one-day decline since they went public earlier this month. They are down for the third session in a row, and more than 15% below their record close of $201.
A sell-off in tech stocks intensified on Friday as Micron (MU) and other memory stocks declined and the New York Times reported that OpenAI (OPAI.PVT) may delay its initial public offering.
Memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing another update on the broader AI build-out.
Memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing another update on the broader AI build-out.
Uber Technologies' board was sued on Monday by shareholders who accused management and directors of letting the ride-sharing company cut corners on compliance, leading to thousands of lawsuits from victims of sexual assault and harassment. In a complaint filed in San Francisco federal court, shareholders led by a Detroit pension fund said board members ignored repeated internal and external warnings about Uber's alleged failure to address sexual abuse by drivers. Shareholders said oversight failures were also a factor in lawsuits filed last year by the federal government, which accused Uber of routinely refusing to serve disabled passengers, including people with service animals or stowable wheelchairs, and engaging in deceptive billing and cancellation practices.
Despite pressure from inflation, Federal Reserve policy, and the Iran conflict, the stock market has shown remarkable resilience. That strength has created a new concern heading into the end of June: a potentially massive wave of institutional selling. According to a recent JPMorgan analysis, roughly $165 billion of equity selling pressure could wash over the ... Massive Wave of Selling Is Coming, Says JPMorgan. Here’s Why It Probably Won’t Matter
SpaceX stock fell again on Monday, giving it three straight down days after a massive run-up following its IPO earlier this month. SpaceX also confirmed its first-ever bond issuance in a filing.
Investing.com -- TD Cowen downgraded shares of Accenture to Hold from Buy and slashed its price target to $150 from $258, arguing that a near-term recovery has become increasingly difficult as growth expectations weaken and investor sentiment toward the consulting giant deteriorates.
US futures were pointing higher at the start of the week as investors return from the Juneteenth holiday weekend, with technology stocks expected to lead gains despite lingering uncertainty over the Middle East and the prospect of further Federal Reserve tightening. Dow Jones futures were up...
Investing.com -- Goldman Sachs has cut its 12-month U.S. recession probability to 15% following the U.S.-Iran agreement, with chief economist Jan Hatzius citing reduced downside risks to the economic outlook and an improvement in underlying labor market resilience.
(Bloomberg) -- Treasuries fell as trading resumed following a US public holiday with Washington and Tehran working to hammer out details of a peace accord.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USDOJ Rejects Judge Request to Certify $1.8 Billion Fund NixedThe ‘Mass Affluent’ Are Losing Their Allure for Wealth Managers Navigating AIUS 1
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