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Analyst predicts wild rally for Sam Altman's token
TheStreet79d agobullish
Analyst predicts wild rally for Sam Altman's token

BitMEX co-founder and Maelstrom CIO Arthur Hayes is a veteran crypto trader who keeps sharing his analysis of the digital assets market with his followers on social media. Referring to the World token, he recently predicted that this "sh*tcoin is going to moon" because of the hype around ...

Trump says his team will "look into" US taking stake in AI companies
Reuters79d agoneutral
Trump says his team will "look into" US taking stake in AI companies

U.S. President Donald Trump on Friday told reporters that ‌his team is looking into the ‌idea of AI companies giving the American public a ​stake in their firms, adding that he planned to host a meeting with AI executives as soon as next week. "There's ‌something very interesting ⁠about it, where it almost becomes a partnership with the American ⁠public," he told reporters.

Meta weighs big equity raising to finance AI infrastructure, FT reports
Reuters79d agoneutral
Meta weighs big equity raising to finance AI infrastructure, FT reports

Meta is considering raising tens of billions of dollars in a stock offering as it ‌seeks new sources of capital to fund the company's AI ‌ambitions, the Financial Times reported on Friday. The report comes after Alphabet moved to ​raise $84.75 billion in upsized equity offerings, as Big Tech competes to build data centers and capitalize on growing demand for AI. Meta executives have been exploring "creative" ways to raise cash as it prepares ‌to sharply boost its ⁠AI-related expenses, the FT report said, citing three people familiar with the plans.

Tesla gets double dose of good news from key region
TheStreet79d agoneutral
Tesla gets double dose of good news from key region

Last year, many of the headlines about Tesla coming out of Europe weren't positive. The company was losing market share in a number of European countries where it had traditionally performed well, as the influx of cheaper Chinese alternatives and CEO Elon Musk's foray into politics eroded his ...

Morgan Stanley makes bold $1.2 trillion bet on AI agents
TheStreet80d agoneutral
Morgan Stanley makes bold $1.2 trillion bet on AI agents

The most consequential business decisions rarely announce themselves. They arrive as a convenience, a small upgrade, a screen you no longer have to look at. By the time you notice what changed, the change has already happened to you. For more than 15 years, the way most employees touched their ...

Investing.com80d agoneutral
Street Calls of the Week

Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week. InvestingPro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! Kohls What happened? On Monday, Citi upgraded Kohl’s Corp (NYSE:KSS) to Buy with a $22 price target. *TLDR: Citi buys KSS for cash flow, not growth What’s the full story? Citi upgrades Kohl’s (KSS) to Buy, but let’s be clear: this isn’t a structural bull case for department stores, nor a bet o

Inventor Lewis Latimer Brightened The World With Innovation
Investor's Business Daily80d agoneutral
Inventor Lewis Latimer Brightened The World With Innovation

Possessing impressive mechanical drawing and drafting skills acquired through self-education, hard work, intelligence and an exposure to mechanical systems, he filed a patent in 1874 with a coinventor for an improved toilet system on railroad cars. After working in secrecy, under pressure and deep into the night in a very tight timeline, Latimer (1848-1928) provided Bell detailed and precise drawings. "He's the exemplar of what inventors are," said James Howard, executive director of the Black Inventors Hall of Fame, of which Latimer is a member.

Lululemon Slumps on Earnings. Bargain Hunters Beware.
Barrons.com80d agobearish
Lululemon Slumps on Earnings. Bargain Hunters Beware.

It’s been easy to call a bottom in Lululemon Athletica in recent years–just keep waiting another day. The specialty athleticwear company, which had already dropped nearly 40% year to date alone before it reported fiscal first-quarter earnings after the bell Thursday, didn’t reward bargain hunters. The quarter itself was better than expected, but the full-year outlook was the culprit: Lululemon said it will earn between $10.95 and $11.15 a share on revenue that will be flat or down 1%, translating into $11 billion to $11.15 billion.

SpaceX IPO Hype Is Hiding a Deeper Story. Investors Are Rotating Back Into Blue Chip Stocks.
24/7 Wall St.80d agoneutral
SpaceX IPO Hype Is Hiding a Deeper Story. Investors Are Rotating Back Into Blue Chip Stocks.

The long-awaited SpaceX IPO next week positions the company at roughly $2 trillion in market value. On CNBC’s Morning Call Sheet on Friday, June 5, Adam Kobeissi, Editor in Chief of The Kobeissi Letter, strategist Matt Powers, and Senior Economist Jose Torres argued the deeper story is a rotation out of AI semiconductor leaders into ... SpaceX IPO Hype Is Hiding a Deeper Story. Investors Are Rotating Back Into Blue Chip Stocks.

Operator of S&P 500 decides against fast-tracking 'MegaCap' IPOs into its stock indexes
Associated Press80d agoneutral
Operator of S&P 500 decides against fast-tracking 'MegaCap' IPOs into its stock indexes

The operator of the S&P 500 says it has decided not to change its guidelines for when very large “MegaCap” companies are eligible for inclusion into its bevy of stock indexes. In its announcement Thursday, S&P Dow Jones Indices said its index committee weighed responses received from a “wide range of market participants,” but ultimately decided not to make any changes to its criteria for determining when a company should be added to the S&P 500, S&P MidCap 400, or S&P SmallCap 600 indexes. The committee also decided against creating exceptions to its guidelines solely based on market capitalization, or how the stock market gauges a company’s value.

Wedbush resets IBM stock price target on AI momentum
TheStreet80d agoneutral
Wedbush resets IBM stock price target on AI momentum

A few months ago, International Business Machines (IBM) looked like collateral damage in the artificial intelligence boom. Investors worried that the very technology powering the AI rally could quietly chip away at the businesses that have funded Big Blue for decades. That worry has faded fast, and ...