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Netflix Stock Rises After Eight-Day Losing Streak. What’s Fueling the Move.
Barrons.com81d agoneutral
Netflix Stock Rises After Eight-Day Losing Streak. What’s Fueling the Move.

Shares of Netflix advanced on Thursday, putting them on pace to snap an eight-day losing streak, after Canada’s government directed its television and communications regulator to reverse a recent decision requiring U.S. streaming companies to funnel revenue to Canadian content. In May, Canada’s equivalent to the Federal Communications Commission said it would require large streamers to contribute 15% of Canadian revenue to Canadian content. The Motion Picture Association and the U.S. ambassador to Canada had pressed the country to change the policy, and the government acquiesced late Wednesday.

Boeing hits a stealth milestone investors overlooked
TheStreet81d agoneutral
Boeing hits a stealth milestone investors overlooked

Boeing (BA) investors were fixated on two stories in May. One was a long-delayed jet order from China. The other was a slow climb in 737 production. A third development landed on June 1 but didn’t make nearly as much noise. Boeing said its MQ-28 Ghost Bat drone had cleared a key stealth test. ...

Bloomberg81d agoneutral
Starmer Says Musk Is Sowing UK Division After Teen’s Murder

(Bloomberg) -- Prime Minister Keir Starmer accused Elon Musk of stoking unrest in Britain after the world’s richest man used the murder of a British teen to say official UK police policy requires officers to be racist against White people.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborBroadcom Slides by Most in More Than a Year on AI Outlook Miss

Ford recalls 420,000 SUVs for a dangerous issue
TheStreet81d agobearish
Ford recalls 420,000 SUVs for a dangerous issue

Ford knows it has a problem with recalls: it is once again leading all other auto manufacturers by a large margin so far in 2026. CEO Jim Farley has said improving the quality of its vehicles is Ford's "largest near-term opportunity" to lower costs. Ford has issued 40 recalls so far this year. ...

The Fed’s Next Move Will Determine Whether GLD Can Extend Its 36% Rally
24/7 Wall St.81d agobullish
The Fed’s Next Move Will Determine Whether GLD Can Extend Its 36% Rally

The SPDR Gold Shares (NYSEARCA:GLD) has quietly become one of the largest stories in markets, with the fund now holding roughly $1.2 trillion in net assets after a 36% gain over the past 12 months. GLD is the largest physically backed gold ETF in the world, and shares recently closed near $417. After a torrid ... The Fed’s Next Move Will Determine Whether GLD Can Extend Its 36% Rally

📃Money Quote: Tech Selloff an ‘Overreaction’
The Wall Street Journal81d agobearish
📃Money Quote: Tech Selloff an ‘Overreaction’

📣 “There's nothing to support the fact that all these companies should be dumped, just because Broadcom’s got a problem...Today’s tech sell-off is an overreaction to Broadcom’s results because there’s no evidence to suggest that the AI trade is weakening.

CrowdStrike Sinks 9% as Earnings Beat Falls Short of Lofty Expectations, Weighing on Palo Alto Networks
24/7 Wall St.81d agobearish
CrowdStrike Sinks 9% as Earnings Beat Falls Short of Lofty Expectations, Weighing on Palo Alto Networks

Shares of CrowdStrike (NASDAQ:CRWD) are down 8% in early Thursday trading, changing hands near $679 after Wednesday’s close of $747.61. The move marks the cybersecurity leader’s worst single-day drop in about 22 months, despite a fiscal Q1 2027 earnings beat and a raised outlook. Cybersecurity peer Palo Alto Networks (NASDAQ:PANW) is dipping modestly in sympathy, ... CrowdStrike Sinks 9% as Earnings Beat Falls Short of Lofty Expectations, Weighing on Palo Alto Networks

Why This Cybersecurity Stock Is Dropping After Earnings
Barrons.com81d agobearish
Why This Cybersecurity Stock Is Dropping After Earnings

Shares of Netskope declined sharply Thursday after the company reported mixed fiscal 2027 first-quarter earnings, with underwhelming new annual recurring revenue. A slew of Wall Street firms lowered price targets on the cybersecurity company. Netskope stock sank 18% to $10.17 on Thursday, putting it on pace for its largest ever daily percentage decline, according to Dow Jones Market Data.

US Supreme Court backs FCC in clash with wireless carriers over fines
Reuters81d agoneutral
US Supreme Court backs FCC in clash with wireless carriers over fines

The U.S. Supreme Court backed the Federal Communications Commission's system for levying fines, ruling on Thursday against wireless carriers AT&T and Verizon in their challenge to the agency and handing a win ‌to President Donald Trump's administration. At issue in the legal dispute was whether the agency's in-house proceedings for ‌imposing the penalties deprived the companies of their right to a jury trial under the U.S. Constitution. Trump's administration defended the FCC's system for assessing financial penalties, known ​as forfeiture orders.

Apple’s Indian Antitrust Probe Meets Growing iPhone, AI And Services Story
Simply Wall St.81d agobearish
Apple’s Indian Antitrust Probe Meets Growing iPhone, AI And Services Story

Apple has agreed to submit local financial statements to India's competition authority as part of an ongoing antitrust probe into alleged abuse of dominance. The case comes at a time when Apple's iPhone business and production footprint in India are expanding and the company is rolling out new integration features such as native bill splitting. This development arrives ahead of an expected AI focused Siri update at WWDC, raising questions about potential regulatory penalties in a key...

Veeva (VEEV) Q1 2027 Earnings Call Transcript
Motley Fool81d agoneutral
Veeva (VEEV) Q1 2027 Earnings Call Transcript

Gunnar Hansen: Good afternoon, and welcome to Veeva's Fiscal 2027 First Quarter Earnings Conference Call for the quarter ended April 30, 2026. As a reminder, we posted prepared remarks on Veeva's Investor Relations website just after 1:00 p.m. Pacific today. Today's call will be used primarily for Q&A. With me today for Q&A are Peter Gassner, our Chief Executive Officer; Paul Shawah, EVP, Strategy; and Brian Van Wagener, our Chief Financial Officer.

Ciena Q2 Earnings Call Highlights
MarketBeat81d agoneutral
Ciena Q2 Earnings Call Highlights

Ciena (NYSE:CIEN) reported another record quarter for fiscal 2026, with management pointing to AI-related network demand from cloud providers and renewed spending by service providers as major drivers of growth. On the company’s fiscal second-quarter earnings call, President and CEO Gary Smith said

FedEx partner airline says Caribbean service at risk without FAA waiver
FreightWaves81d agoneutral
FedEx partner airline says Caribbean service at risk without FAA waiver

A FedEx air cargo contractor says it wants to use bigger aircraft on Caribbean routes, but that FAA rules governing how far the planes can fly over water jeopardize continued service. The post FedEx partner airline says Caribbean service at risk without FAA waiver appeared first on FreightWaves.

How to Maximize Dividend Income in Retirement Before RMDs Change the Math
24/7 Wall St.81d agoneutral
How to Maximize Dividend Income in Retirement Before RMDs Change the Math

At the 24% federal bracket, a portfolio throwing off $40,000 in high-yield dividend income hands roughly $9,600 to the IRS every year when those shares sit in a taxable account treated as ordinary income. For investors in the gap years between retirement and RMD age 73, that drag compounds quietly until required minimum distributions force ... How to Maximize Dividend Income in Retirement Before RMDs Change the Math

Broadcom stock sinks. Are AI earnings expectations 'insatiable'?
Yahoo Finance Video81d agoneutralVIDEO
Broadcom stock sinks. Are AI earnings expectations 'insatiable'?

Broadcom (AVGO) stock sinks further in Thursday trading despite topping estimates for fiscal second quarter earnings and revenue, while also outpacing forecasts on third quarter guidance. Northwestern Mutual Wealth Management Company CIO Brent Schutte joins Yahoo Finance Senior Reporters Ines Ferré and Brooke DiPalma in assessing Broadcom's post-earnings stock reaction compared to other AI players.

UNH, CVS Lead S&P 500 Health Insurers Flashing Buy Signals
Investor's Business Daily81d agobullish
UNH, CVS Lead S&P 500 Health Insurers Flashing Buy Signals

UnitedHealth Group, CVS Health and other S&P 500 health insurance giant rallied on Thursday morning after price-target hikes from Morgan Stanley and a UNH upgrade from BofA. The analysts highlighted moderating health care utilization trends and a tailwind to profitability from deploying AI.

Main Street Capital in a Roth IRA: Why the ‘O of BDCs’ Belongs in Your Tax-Free Account
24/7 Wall St.81d agoneutral
Main Street Capital in a Roth IRA: Why the ‘O of BDCs’ Belongs in Your Tax-Free Account

Business development companies (BDCs) pay distributions that are taxed mostly as ordinary income, not qualified dividends. For an investor in the 24% federal bracket (income over $105,700 single, $211,400 married filing jointly), that means roughly a quarter of every BDC payment held in a taxable account walks out the door at tax time. Few names ... Main Street Capital in a Roth IRA: Why the ‘O of BDCs’ Belongs in Your Tax-Free Account

Investing.com81d agobearish
Broadcom downgraded as Google moves to reduce reliance on chip supplier

Investing.com -- Investment bank Macquarie has downgraded Broadcom from Outperform to Neutral, citing growing concerns that key customer Google is increasingly developing its own artificial intelligence (AI) chip capabilities and diversifying suppliers. The firm also cut its 12-month price target on Broadcom by 15% to $437 per share, down from $513.

Broadcom’s Stock Tumble Could Be About More Than Just Guidance
The Wall Street Journal81d agobearish
Broadcom’s Stock Tumble Could Be About More Than Just Guidance

Broadcom’s 15% slide in premarket trading has widely been blamed on guidance that merely held steady against Wall Street’s lofty expectations. But there might be more to the story. According to Ben Barringer, head of technology research at U.

Broadcom Sinks 14% on Soft AI Chip Outlook Despite Earnings Beat, Dragging Down AMD and Intel
24/7 Wall St.81d agobullish
Broadcom Sinks 14% on Soft AI Chip Outlook Despite Earnings Beat, Dragging Down AMD and Intel

Shares of Broadcom (NASDAQ:AVGO) are down 14% in Thursday morning trading, sinking to around $410 after closing Wednesday at $479.23. The reversal follows the company’s fiscal Q2 2026 earnings release after the close on June 3. The pain is spreading. Advanced Micro Devices (NASDAQ:AMD) is off 4% to around $521, and Intel (NASDAQ:INTC) is down ... Broadcom Sinks 14% on Soft AI Chip Outlook Despite Earnings Beat, Dragging Down AMD and Intel