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Oil Rises as Trump Renews Threats Against Iran With Hormuz Shut
Bloomberg97d agoneutral
Oil Rises as Trump Renews Threats Against Iran With Hormuz Shut

(Bloomberg) -- Oil rose for a third day as President Donald Trump again pressured Iran to come to a deal to end weeks of war and reopen the crucial Strait of Hormuz. Most Read from BloombergWinners and Losers From Trump and Xi's Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenTrump Gets Revenge on Republican Who Voted to Convict HimHow Keir Starmer Imploded and Plunged Britain Into More ChaosBrent advanced above

Another billionaire dumps mega-cap stock for AI bet
TheStreet97d agoneutral
Another billionaire dumps mega-cap stock for AI bet

Stanley Druckenmiller is one of the most-watched money managers on Wall Street, and his Duquesne Family Office Q1 2026 13F filing just landed. The headline number is brutal for Alphabet bulls. Duquesne sold all 385,000 shares of Alphabet (GOOGL) Class A stock during the quarter. That same stake had ...

Oil Rises as Trump Renews Threats Against Iran With Hormuz Shut
Bloomberg97d agoneutral
Oil Rises as Trump Renews Threats Against Iran With Hormuz Shut

(Bloomberg) -- Oil rose for a third day as President Donald Trump again pressured Iran to come to a deal to end weeks of war and reopen the crucial Strait of Hormuz. Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenTrump Gets Revenge on Republican Who Voted to Convict HimHow Keir Starmer Imploded and Plunged Britain Into More ChaosBrent advanced towar

Samsung Electronics and its South Korean union resume pay talks as strike risks loom
Reuters97d agoneutral
Samsung Electronics and its South Korean union resume pay talks as strike risks loom

Samsung Electronics and its South Korean labour union are set to join a new round of government-mediated pay talks on Monday, in ‌a bid to avert a strike at the tech giant, which accounts for nearly a ‌quarter of the country's exports. The talks resume days after a first round of government-mediated negotiations over pay and bonus schemes ​collapsed, ahead of a strike scheduled to begin on Thursday at the world's largest memory chipmaker. South Korean government officials, including the prime minister and finance minister, have voiced concerns that a strike should be avoided at all costs, warning it could pose significant risk to economic growth, exports and financial markets.

Kioxia Shares Awash in Buy Orders After AI-Driven Profit Surge
Bloomberg97d agoneutral
Kioxia Shares Awash in Buy Orders After AI-Driven Profit Surge

(Bloomberg) -- Kioxia Holdings Corp.’s shares were untraded in a glut of buy orders Monday morning after the supplier of storage for AI data centers reported soaring profit and gave an outlook that trounced expectations.Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenTrump Gets Revenge on Republican Who Voted to Convict HimHow Keir Starmer Imploded a

Whirlpool’s CEO Warns Consumer Spending Today Looks Like the 2008 Financial Crisis
24/7 Wall St.97d agoneutral
Whirlpool’s CEO Warns Consumer Spending Today Looks Like the 2008 Financial Crisis

Whirlpool (NYSE:WHR) CEO Marc Bitzer is making one of the bluntest recession comparisons of this earnings cycle. According to the Morning Brew Daily podcast segment covering the company’s Q1 results, CEO Bitzer told investors: “This level of industry decline is similar to what we have observed during the global financial crisis and even higher than ... Whirlpool’s CEO Warns Consumer Spending Today Looks Like the 2008 Financial Crisis

Goldman Sachs revamps Figma stock price target for rest of 2026
TheStreet97d agoneutral
Goldman Sachs revamps Figma stock price target for rest of 2026

When a stock jumps 13% in the session after earnings day, and the analyst covering it still cuts the price target, something interesting is happening, and you may want to dig beneath the surface. That is exactly the situation unfolding at Figma (FIG) right now. The design software company delivered ...

Goldman Sachs sets new Biogen stock price target on bold Alzheimer's bet
TheStreet97d agoneutral
Goldman Sachs sets new Biogen stock price target on bold Alzheimer's bet

Biogen (NASDAQ: BIIB) has had a rocky few years. Its multiple sclerosis franchise has been bleeding market share to generics and biosimilars, revenue has trended down, and the stock spent much of 2025 trading near multi-year lows. So when Goldman Sachs steps up with a price target hike to $250, ...

Ford rival doubles down on China with bold move
TheStreet97d agoneutral
Ford rival doubles down on China with bold move

While Ford and General Motors wrestle with their China strategies, Stellantis is doubling down on the world's largest auto market. Stellantis, the maker of Jeep, Ram, and Peugeot, just made two sweeping moves that signal a sharply different playbook from its American rivals. The decisions ...

The $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit
24/7 Wall St.97d agoneutral
The $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit

A 58-year-old engineer in Palo Alto, married filing jointly, earns $750,000 a year, has already stuffed $4 million into 401(k)s and IRAs, and parks another $1.2 million in a brokerage account that holds a single S&P 500 fund. The 401(k) is maxed. The mega backdoor Roth is maxed. The next tax dollar saved has to ... The $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit

Nebius CEO doubles down on capex spending
TheStreet97d agoneutral
Nebius CEO doubles down on capex spending

Spending $20 billion in a single year is a bold statement, and spending $25 billion is a declaration of war (not quite!). That's essentially what Nebius GroupCEO Arkady Volozh said on the company's May 13 first-quarter 2026 earnings call. He raised the capex guidance aggressively and ...

Where are Amazon’s headquarters? Seattle and beyond
TheStreet97d agoneutral
Where are Amazon’s headquarters? Seattle and beyond

Jef Bezos and his wife, MacKenzie Scott, drove from New York City to Seattle to start Amazon.com in a rented garage. They stayed there and made Washington’s biggest city the headquarters for the world’s biggest online retailer. Later on, the company grew, and as part of its expansion, it set up a ...

LIRR Strike Set to Snarl NYC Commutes With No Formal Talks Underway
Bloomberg97d agoneutral
LIRR Strike Set to Snarl NYC Commutes With No Formal Talks Underway

(Bloomberg) -- Long Island Rail Road riders are bracing for hourslong Monday-morning commutes as a salary fight between the nation’s busiest commuter rail line and its employees forced a systemwide shutdown, the first in more than 30 years.Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenTrump Gets Revenge on Republican Who Voted to Convict HimWHO Ebo

Royal Caribbean, Carnival Cruise Line raise a red flag
TheStreet97d agoneutral
Royal Caribbean, Carnival Cruise Line raise a red flag

Cruising has become a popular vacation option at least partly because of the value proposition it offers compared to a land-based vacation. Value is consistently among the top three reasons people board one of Royal Caribbean’s 68 ships, Royal Caribbean Group CFO Naftali Holtz told the Wall Street ...

Warren Buffett’s Berkshire Hathaway Just More Than Tripled Its Stake in Alphabet
24/7 Wall St.97d agoneutral
Warren Buffett’s Berkshire Hathaway Just More Than Tripled Its Stake in Alphabet

Cash is suddenly king again on Wall Street. With recession fears lingering, interest rates still elevated, and consumers showing signs of fatigue, corporate America has been preparing for rougher weather ahead. Few companies have prepared more aggressively than Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B). The conglomerate ended the first quarter sitting on a staggering $397.6 billion cash pile, ... Warren Buffett’s Berkshire Hathaway Just More Than Tripled Its Stake in Alphabet

5 Must-Read Analyst Questions From MACOM’s Q1 Earnings Call
StockStory97d agoneutral
5 Must-Read Analyst Questions From MACOM’s Q1 Earnings Call

MACOM’s second quarter results for 2026 were met with a notably positive market response, reflecting ongoing strength across its core end markets. Management emphasized robust customer demand in Data Center, Industrial, and Defense, all of which contributed to significant year-over-year growth. CEO Stephen Daly credited increased bookings—particularly in Data Center, where both revenue and backlog reached new highs—and pointed to operational improvements that enhanced gross and operating margins