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Bloomberg72d agobearish
Supreme Court Shields Investment Funds From Shareholder Lawsuits

(Bloomberg) -- The US Supreme Court shielded funds from some investor lawsuits, ruling that an 86-year-old federal statute doesn’t authorize shareholders to sue over bylaws and management decisions.Most Read from BloombergXbox Plans Significant Layoffs as New CEO Plans OverhaulHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran in Trump Escalation Over Stalled Peace TalksOracle Falls Most in Six Months on Mounting Data Center CostsTech Stocks Sink as Oil Jumps on US-Iran

The Hedge Fund Manager Behind US Soccer’s Bid for World Cup Glory
Bloomberg72d agoneutral
The Hedge Fund Manager Behind US Soccer’s Bid for World Cup Glory

(Bloomberg) -- Scott Goodwin’s path to becoming a major donor to US Soccer began with an offhand text to friends in the summer of 2024. Now was the chance, he told them, to get a better men’s national team head coach before the 2026 World Cup.Most Read from BloombergXbox Plans Significant Layoffs as New CEO Plans OverhaulHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran in Trump Escalation Over Stalled Peace TalksOracle Falls Most in Six Months on Mounting Data Center

Vera Bradley Q1 Earnings Call Highlights
MarketBeat72d agoneutral
Vera Bradley Q1 Earnings Call Highlights

Vera Bradley (NASDAQ:VRA) reported a return to year-over-year revenue growth in the first quarter of fiscal 2027, with management pointing to improving product traction, tighter inventory control and lower expenses as signs that its turnaround plan is gaining momentum. Chairman and Chief Executive

Producer Price Inflation Hits 6.5%, But the Fed May Still Pause Rate Hikes — Here’s Why
24/7 Wall St.72d agoneutral
Producer Price Inflation Hits 6.5%, But the Fed May Still Pause Rate Hikes — Here’s Why

The inflation story just got another plot twist. Fresh data from the U.S. Bureau of Labor Statistics showed May producer price inflation (PPI) jumped 6.5% year over year, higher than expectations of 6.4% and marking the highest reading since November 2022. On the surface, that sounds like a flashing red warning sign for the Federal ... Producer Price Inflation Hits 6.5%, But the Fed May Still Pause Rate Hikes — Here’s Why

A look at the SpaceX IPO by the numbers
Associated Press72d agoneutral
A look at the SpaceX IPO by the numbers

Elon Musk is all about big numbers — millions, billions, even trillions – and there are plenty of them associated with SpaceX and Musk's plans to take the rocket maker public. The prospectus for the SpaceX stock debut shows spending at a massive scale — greater than the economic output of some countries — and about to grow much larger as Musk races to make good on his promise to hurl people to distant planets. Money to be raised in the initial public offering — estimated at $75 billion — will help finance those futuristic, fantastical plans.

Investing.com72d agobullish
General Dynamics upgraded to Buy as submarine boom fuels growth outlook

Investing.com -- General Dynamics received a rating upgrade from Jefferies, which raised its recommendation to Buy from Hold and increased its price target to $400 from $380, arguing that accelerating demand for U.S. Navy submarines and improving shipyard productivity position the defense contractor for stronger earnings growth in the years ahead.

CAT Stock Hikes Dividend 8%, Leads Dow Jones Rebound
Investor's Business Daily72d agoneutral
CAT Stock Hikes Dividend 8%, Leads Dow Jones Rebound

Caterpillar announced an 8% dividend hike after Wednesday's close, extending its streak of dividend increases to 32 years. CAT stock led Dow Jones Industrial Average winners early Thursday, rebounding from a key support level after suffering its sharpest loss since April 3, 2025, the day after President Donald Trump unveiled "Liberation Day" tariffs. Caterpillar is among 69 members of the S&P 500 that have increased dividends every year for the last 25 years.

Oracle Plunges 10% After Earnings, Salesforce Slips Near 52-Week Lows as Cloud Stocks Slide
24/7 Wall St.72d agobearish
Oracle Plunges 10% After Earnings, Salesforce Slips Near 52-Week Lows as Cloud Stocks Slide

Shares of Oracle (NYSE:ORCL) are down 10% to $182.25 in early trading Thursday, following the company’s Q4 FY2026 earnings report released after the bell Wednesday. The slide is dragging on cloud and enterprise software names, with Salesforce (NYSE:CRM) stock down 1.28% to $168.80 and trading near its 52-week lows. Oracle stock closed at $201.26 Wednesday, ... Oracle Plunges 10% After Earnings, Salesforce Slips Near 52-Week Lows as Cloud Stocks Slide

Google in talks with Samsung to make part of next-gen chip, The Information reports
Reuters72d agoneutral
Google in talks with Samsung to make part of next-gen chip, The Information reports

Alphabet's Google is in talks with Samsung Electronics to manufacture part of its ‌next-generation chip, The Information reported on Thursday, citing ‌two people familiar with the matter. Google plans for Taiwan's TSMC to ​make the main part of the chip, codenamed 'Icefish,' while Samsung may produce a separate component that helps connect it to memory using its 2-nanometer production technology, the report ‌said. The chip industry has ⁠been grappling with a capacity crunch, as TSMC, the world's largest contract chipmaker, works ⁠to keep up with surging demand and avoid becoming a bottleneck in the global supply chain amid the AI ​boom.

Treasury Yields, Dollar Rise on War Rhetoric, U.S. Data
Barrons.com72d agoneutral
Treasury Yields, Dollar Rise on War Rhetoric, U.S. Data

Treasury yields and the dollar rise amid hotter-than-expected U.S. wholesale inflation and as President Trump renews military threats against Iran. May PPI was 1.1%, matching April's advance and beating WSJ consensus of 0.

Bloomberg72d agoneutral
DoorDash Built an AI Chatbot to Help With Orders, Reservations and Grocery Lists

(Bloomberg) -- DoorDash Inc. introduced an in-app artificial intelligence chatbot to help customers make restaurant and grocery orders, and suggested the technology could also be used to unlock new enterprise revenue streams.Most Read from BloombergXbox Plans Significant Layoffs as New CEO Plans OverhaulHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran in Trump Escalation Over Stalled Peace TalksOracle Falls Most in Six Months on Mounting Data Center CostsTech Stocks S

Bloomberg72d agoneutral
Amazon Says Its Data Centers Use 2.5 Billion Gallons of Water

(Bloomberg) -- Amazon.com Inc. said its data centers used 2.5 billion gallons of water worldwide last year, or about 5% of the amount metro Seattle consumes annually.Most Read from BloombergXbox Plans Significant Layoffs as New CEO Plans OverhaulHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran in Trump Escalation Over Stalled Peace TalksOracle Falls Most in Six Months on Mounting Data Center CostsTech Stocks Sink as Oil Jumps on US-Iran Jitters: Markets WrapThe world’

Prediction: Elon Musk Will Target 2 Trillion-Dollar Acquisitions After the SpaceX IPO
24/7 Wall St.72d agoneutral
Prediction: Elon Musk Will Target 2 Trillion-Dollar Acquisitions After the SpaceX IPO

The market is already treating tomorrow’s SpaceX IPO as one of the most important public offerings in decades. Investors are focused on valuation, demand, and whether the company can justify the excitement surrounding a business that spans launch services, Starlink internet, artificial intelligence, robotics, and advanced manufacturing. Yet the bigger story may be what happens ... Prediction: Elon Musk Will Target 2 Trillion-Dollar Acquisitions After the SpaceX IPO

Retail Investors Are Selling Stocks to Raise Money for SpaceX
The Wall Street Journal72d agobearish
Retail Investors Are Selling Stocks to Raise Money for SpaceX

Retail investors are clearing the decks ahead of the SpaceX IPO. For two straight days this week, ordinary investors dumped their single-stock holdings on a net basis, according to Vanda Research. The moves suggests that mom-and-pop investors are amassing dry powder ahead of SpaceX's anticipated public debut tomorrow.