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Major exchange unveils AI platform that could change trading forever
TheStreet73d agoneutral
Major exchange unveils AI platform that could change trading forever

Anyone who has spent time watching how institutional fixed income trading actually works knows the frustration. You have a bond to buy or sell. You have a list of dealers who might quote it. And you are making counterparty selection decisions based on relationships, intuition, and historical ...

Investing.com73d agoneutral
Truist reshuffles fintech picks, downgrades BILL and upgrades Global-e

Investing.com -- Truist Securities downgraded fintech software company BILL Holdings to Hold from Buy while upgrading cross-border e-commerce platform Global-e Online to Buy, arguing that investors should reposition within the fintech sector as competitive and growth dynamics shift.

Connection (CNXN): Buy, Sell, or Hold Post Q1 Earnings?
StockStory73d agoneutral
Connection (CNXN): Buy, Sell, or Hold Post Q1 Earnings?

Connection has had an impressive run over the past six months as its shares have beaten the S&P 500 by 13.1%. The stock now trades at $73.17, marking a 20.6% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.

Google and Meta denied new trial in youth social media addiction case
Reuters73d agoneutral
Google and Meta denied new trial in youth social media addiction case

June 10 (Reuters) - A California state court judge has denied motions by Meta Platforms and Google's YouTube seeking ‌a new trial after a jury found the companies liable for ‌designing social media platforms that are harmful to young people. Los Angeles Superior Court Judge ​Carolyn Kuhl ruled on the motions on Tuesday, according to court documents.

Health Care Roundup: Market Talk
The Wall Street Journal73d agoneutral
Health Care Roundup: Market Talk

Find insight on Big European pharmaceutical companies, GSK, Kossan Rubber Industries and more in the latest Market Talks covering the health care sector.

Trump says he thinks AI companies will agree to 'giving back' to the public
Reuters73d agoneutral
Trump says he thinks AI companies will agree to 'giving back' to the public

U.S. President Donald Trump said ‌on Wednesday that he expects top artificial ‌intelligence companies to agree to "giving back" to the public, an apparent ​reference to a possible government stake in the firms. "I'm going to have meetings with the top 12 or 15 executives very shortly, and we're talking about giving back ‌something to the ⁠public, and if we do that, the public will become very rich," Trump told ⁠reporters in the White House’s Oval Office. A Trump spokesperson did not ​immediately respond to ​a request for more details about the ‌president meeting with AI executives.

Uber sues New York City over 'reckless' driver protection law
Reuters73d agoneutral
Uber sues New York City over 'reckless' driver protection law

Uber Technologies sued New York City to block enforcement of a new law that it said would unconstitutionally force ‌it to keep drivers it does not want on its platform. In a complaint filed ‌late on Tuesday night, Uber said the law against "wrongful deactivations" would improperly shield drivers who engage in dangerous, threatening ​or other inappropriate behavior, threatening public safety and causing "immediate and irreparable harm" by undermining the company's reputation and goodwill. It said the law violates its free-speech and due-process rights under the U.S. Constitution, as well as New York's state constitution.

May CPI Surges to 4.2%, but the Fed May Not Be Ready to Raise Rates
24/7 Wall St.73d agobullish
May CPI Surges to 4.2%, but the Fed May Not Be Ready to Raise Rates

Inflation is back in the headlines, and at first glance, the latest numbers appear to deliver a clear message: higher prices mean higher interest rates. Markets have spent the last several years obsessing over every inflation report because the Federal Reserve’s next move depends heavily on whether price pressures are accelerating or easing. According to ... May CPI Surges to 4.2%, but the Fed May Not Be Ready to Raise Rates

Amazon LTL Freight Launch Is Pothole For These S&P 500 Stocks
Investor's Business Daily73d agoneutral
Amazon LTL Freight Launch Is Pothole For These S&P 500 Stocks

Amazon.com muscled into the less-than-truckload (LTL) freight business on Wednesday, driving S&P 500 members FedEx Freight and Old Dominion Freight Lines into a pothole. However, the freight stocks bounced back off early lows as investors saw a relatively modest near-term threat.

📈 Earnings Snippet: Chewy Cuts Outlook
The Wall Street Journal73d agobearish
📈 Earnings Snippet: Chewy Cuts Outlook

Online pet-supplies retailer Chewy said Wednesday it expects net sales to come in between $13.4 billion and $13.55 billion this year, down from a prior forecast of $13.6 billion to $13.75 billion. Chief Executive Sumit Singh said that despite operating in a more challenging environment, Chewy continues to gain market share.

Copper Analyst: America Needs as Much Copper in the Next 18 Years as It Mined in the Last 10,000 Years
24/7 Wall St.73d agoneutral
Copper Analyst: America Needs as Much Copper in the Next 18 Years as It Mined in the Last 10,000 Years

Dan Dreyfus, founder of Borneite Capital, made a striking case for copper on a recent appearance on the All-In Podcast. By his calculations, simply keeping up with ordinary GDP growth would require the world to extract 700 million tons of copper over the next 18 years, which is roughly the same amount humanity has mined ... Copper Analyst: America Needs as Much Copper in the Next 18 Years as It Mined in the Last 10,000 Years