t_kimura/iStock Unreleased via Getty Images Listen below or on the go via Apple Podcasts and Spotify Apple ( AAPL ) WWDC 2026: New Siri, iOS, and AI updates galore . (00:14) Sirius XM ( SIRI ) to join S&P MidCap 400 ; shares move higher. (01:37) Costco Wholesale ( COST ) lowers prices on select Kirkland brand items. (01:58) The new Siri is here. Apple ( AAPL ) finally made good on its word on Mond...
t_kimura/iStock Unreleased via Getty Images Listen below or on the go via Apple Podcasts and Spotify Apple ( AAPL ) WWDC 2026: New Siri, iOS, and AI updates galore . (00:14) Sirius XM ( SIRI ) to join S&P MidCap 400 ; shares move higher. (01:37) Costco Wholesale ( COST ) lowers prices on select Kirkland brand items. (01:58) The new Siri is here. Apple ( AAPL ) finally made good on its word on Monday after months and years of speculation, broken promises, and updates. The tech giant unveiled Siri AI at its annual Worldwide Developers Conference. Siri AI uses Apple Intelligence to tap into its capabilities and comes with a dedicated app. It can look up information, set reminders, provide details of photos, and work with Visual Intelligence. With Visual Intelligence, a person can point their camera at a plate of food and get nutrition facts or take a photo of a bill and decide how to split it. Apple CEO Tim Cook said that developers are building more apps than ever with more than 1,000 app submissions every hour. The senior vice president of Software Engineering, Craig Federighi, said, unlike others, Apple is taking privacy into account and not doing AI “just for the sake of it.” Federighi went on to say that Apple believes privacy with AI is “non-negotiable.” The VP also talked up Apple’s partnership with Google ( GOOG ) ( GOOGL ) Gemini. In addition, the company overhauled iOS ahead of the likely release of a foldable iPhone later this year. Find a full breakdown of the updates here . Sirius XM Holdings ( SIRI ) will replace Masimo ( MASI ) in the S&P MidCap 400. This takes effect prior to the opening of trading on Thursday, June 11. Danaher Corp. ( DHR ) is acquiring Masimo in a deal expected to be completed soon pending final conditions. Sirius XM Holdings ( SIRI ) is up 3.7% in premarket action. A few items have gotten cheaper at Costco Wholesale ( COST ). The wholesale club quietly cut prices on a handful of Kirkland Signature items. The reduced prices include cu...
Designer Brands press release ( DBI ): Q1 Non-GAAP EPS of -$0.37 misses by $0.40 . Revenue of $696.35M (+1.4% Y/Y) in-line. Total comparable sales decreased by 1.1%. The Company is reaffirming the following guidance for the full year 2026: Metric 2026 Guidance Designer Brands Change in Net Sales Down 1% to Up 1% Diluted Earnings per Share $0.28 - $0.38 Click to enlarge Shares +3.6% PM. More on Des...
Designer Brands press release ( DBI ): Q1 Non-GAAP EPS of -$0.37 misses by $0.40 . Revenue of $696.35M (+1.4% Y/Y) in-line. Total comparable sales decreased by 1.1%. The Company is reaffirming the following guidance for the full year 2026: Metric 2026 Guidance Designer Brands Change in Net Sales Down 1% to Up 1% Diluted Earnings per Share $0.28 - $0.38 Click to enlarge Shares +3.6% PM. More on Designer Brands Designer Brands Isn't A Great Fit Right Now (Downgrade) Designer Brands Guides For A Flat FY26 But Still Trades At 17x Adjusted Earnings Designer Brands Inc. (DBI) Q4 2026 Earnings Call Transcript Designer Brands Q1 2027 Earnings Preview Quant snapshot: United Natural Foods, Designer Brands lead top-rated names as MIND Technology, BARK lag
AntaresNS/iStock Editorial via Getty Images Shares of Alamo Group ( ALG ) have been struggling as of late, with shares down some 10% since I covered the stock in December last year, while the market at large (of course driven by AI/technology) has seen continued gains to the tune of high single digits. Meanwhile, it has been quite an eventful year so far, including a larger M&A deal, as such a tra...
AntaresNS/iStock Editorial via Getty Images Shares of Alamo Group ( ALG ) have been struggling as of late, with shares down some 10% since I covered the stock in December last year, while the market at large (of course driven by AI/technology) has seen continued gains to the tune of high single digits. Meanwhile, it has been quite an eventful year so far, including a larger M&A deal, as such a transaction and a setback in the share price create a compelling reason to update the investment thesis here. This reveals an interesting M&A move, yet it comes with struggling operations in end markets, and thus a sluggish share price. However, the potential for earnings to recover and organic growth recovering makes me cautiously upbeat on the potential of the firm for a decent long-term operator. Growth And Margin Pressure Early in May, Alamo reported its first quarter results, with sales up nearly 7% to $417 million as growth was split pretty evenly between a $175 million vegetation management segment and a nearly $242 million industrial equipment business. So far so good, with a GAAP operating margin of 10.1% being down 130 basis points from the year before, only in part explained by amortization expenses rising to $4.9 million. Such margin pressure, some higher interest expenses, and a slightly higher tax rate made GAAP earnings of nearly $32 million in the first quarter of 2025 fall to $29 million. GAAP earnings were down twenty-three cents to $2.41 per share based on a pretty stable share count of 12.1 million shares. Adjusted earnings were reported at $2.56 per share; these earnings are down fourteen cents from the year before. Net debt had risen to $95 million; this was the result of an acquisition of Petersen (to which I will elaborate on next), but given a $59 million EBITDA number in the first quarter, leverage is far from an issue, even as no guidance was provided. While no formal guidance has been given, it is evident that there are pockets of organic weakness w...
A Hong Kong court has reversed a former law student’s acquittal in a riot trial arising from the 2019 anti-government protests, finding her guilty based on “overwhelming” circumstantial evidence that she had encouraged other participants through her presence. The District Court on Tuesday convicted Alice Tong Ka-yan nearly seven years after her arrest during the unrest in Wan Chai on the night of ...
A Hong Kong court has reversed a former law student’s acquittal in a riot trial arising from the 2019 anti-government protests, finding her guilty based on “overwhelming” circumstantial evidence that she had encouraged other participants through her presence. The District Court on Tuesday convicted Alice Tong Ka-yan nearly seven years after her arrest during the unrest in Wan Chai on the night of August 31, 2019. Tong, who will turn 27 this month, was initially cleared of rioting in August 2021...
Study of more than 140,000 UK sellers exposes widespread distrust of the industry - and the surprisingly simple things that would fix it.London, United Kingdom--(Newsfile Corp. - June 9, 2026) - Nine in ten UK gold sellers turn to social media, not Google, when choosing a buyer, according to new research revealing just how considered, and often conflicted, that decision really is.Record Gold Price...
Study of more than 140,000 UK sellers exposes widespread distrust of the industry - and the surprisingly simple things that would fix it.London, United Kingdom--(Newsfile Corp. - June 9, 2026) - Nine in ten UK gold sellers turn to social media, not Google, when choosing a buyer, according to new research revealing just how considered, and often conflicted, that decision really is.Record Gold Prices and Cost-of-Living Pressures Drive Surge in Online Jewellery Sales, Research by Cash4Gold-Now...
Quantinuum (NASDAQ: QNT) became the first-ever quantum computing pure play to join the market via an initial public offering (IPO) when it debuted earlier this month. Before that, all quantum computing companies had come to market via SPAC (special purpose acquisition company) transactions -- reverse mergers with publicly traded shell companies. The company originally proposed selling just over 21...
Quantinuum (NASDAQ: QNT) became the first-ever quantum computing pure play to join the market via an initial public offering (IPO) when it debuted earlier this month. Before that, all quantum computing companies had come to market via SPAC (special purpose acquisition company) transactions -- reverse mergers with publicly traded shell companies. The company originally proposed selling just over 21 million shares at somewhere between $45 and $60, before upping that to 26.5 million shares at between $53 and $55. The stock opened trading at $68 on June 4, above its eventual $60 IPO price, before closing its first day of trading up just 1% at $60.36. However, it fell below its IPO price on just its second day of trading. As of midday Monday, the stock was trading a hair above the $60 mark. Assuming the exercise of share overallotments, the deal valued the company at just under $16 billion, which would make it one of the largest pure-play quantum computing stocks by market cap. That's bigger than companies like D-Wave Quantum and Rigetti Computing , but smaller than IonQ (NYSE: IONQ) , which is currently valued at over $25 billion. Continue reading
SolStock/E+ via Getty Images The earliest data for 2026's summer jobs season came in trending downward for U.S. teens. Overall, a seasonally-adjusted 5,350,000 Americans Age 16 through 19 were counted as having jobs in May 2026, falling 29,000 from April 2026's total. Breaking down the jobs numbers between younger teens (Age 16-17) and older teens (Age 18-19) finds a split in how each group is far...
SolStock/E+ via Getty Images The earliest data for 2026's summer jobs season came in trending downward for U.S. teens. Overall, a seasonally-adjusted 5,350,000 Americans Age 16 through 19 were counted as having jobs in May 2026, falling 29,000 from April 2026's total. Breaking down the jobs numbers between younger teens (Age 16-17) and older teens (Age 18-19) finds a split in how each group is faring going into summer. Younger teens saw their seasonally-adjusted numbers plunge by 79,000 to 1,850,000, while older teens saw their numbers rise by 14,000 to 3,510,000. The following chart shows these changes along with the seasonally-adjusted total Age 16-19 employment level: Sharp-eyed readers will recognize the number of employed Age 16-17 teens and Age 18-19 teens does not add up to the combined Age 16-19 figure. That's because each demographic gets its own seasonal adjustment. If you want numbers that do add up within a small margin of error, you'll want to access the BLS' raw, non-seasonally adjusted employment figures. We did that and found something pretty remarkable. Here's how the numbers changed from April to May 2026 for both younger and older teens: Younger teens (Age 16-17): Decrease of 27,000 to 1,744,000. Older teens (Age 18-19): Increase of 107,000 to 3,528,000. At this time of year, the BLS' seasonal adjustment is designed to account for the summer surge in teen employment levels. The seasonally adjusted data shows employers hiring older teens at rates similar to slightly higher than what they have in recent years. But the data also shows employers are not hiring anywhere near as many younger teens as would be expected from the summer seasonal pattern for this age group. Media reports have noted that the summer job season for teens is among the toughest on record, but have missed this vital difference. The following excerpt from one of the reports tries to explain why that is: Challenger, Gray & Christmas suspect that AI and automation, older workers sta...
(RTTNews) - Parsons Corp. (PSN), a defense and infrastructure solutions provider, on Tuesday announced it secured an additional $73 million contract in support of the U.S. Air Force Research Laboratory's Global Application Research, Development, Engineering and Maintenance or GAR
(RTTNews) - Parsons Corp. (PSN), a defense and infrastructure solutions provider, on Tuesday announced it secured an additional $73 million contract in support of the U.S. Air Force Research Laboratory's Global Application Research, Development, Engineering and Maintenance or GAR
Jack Caffrey, equity portfolio manager at JPMorgan Asset Management, examines the impact of oil prices on equity markets and what that means for both short-term traders and long-term investors. (Source: Bloomberg)
Jack Caffrey, equity portfolio manager at JPMorgan Asset Management, examines the impact of oil prices on equity markets and what that means for both short-term traders and long-term investors. (Source: Bloomberg)
TH International ( THCH ), which operates Tim Hortons stores in China, has named Kwok Wah Cheung as its new CEO, effective June 15, succeeding under the company's leadership succession plan. Concurrently, Yongchen Lu will step down as CEO and assume the role of chairman of the company. Cheung brings over 20 years of experience as a chief executive and president of major consumer businesses in Chin...
TH International ( THCH ), which operates Tim Hortons stores in China, has named Kwok Wah Cheung as its new CEO, effective June 15, succeeding under the company's leadership succession plan. Concurrently, Yongchen Lu will step down as CEO and assume the role of chairman of the company. Cheung brings over 20 years of experience as a chief executive and president of major consumer businesses in China . More on TH International TH International Limited 2025 Q4 - Results - Earnings Call Presentation TH International Limited (THCH) Q4 2025 Earnings Call Transcript Financial information for TH International
Apple presented a host of new AI-related features at its Worldwide Developers Conference post which multiple analysts raised a cautious tone regarding these offerings and its impact on iPhone demand.
Apple presented a host of new AI-related features at its Worldwide Developers Conference post which multiple analysts raised a cautious tone regarding these offerings and its impact on iPhone demand.
The UK's Competition and Markets Authority announced on Tuesday that it is investigating the anticipated acquisition by Paramount Skydance Corporation ( PSKY ) of Warner Bros. Discovery ( WBD ). The deadline for a Phase 1 decision is August 7. Separately, an EU review is being handled by the European Commission’s competition arm, which has already opened a formal merger review of the proposed take...
The UK's Competition and Markets Authority announced on Tuesday that it is investigating the anticipated acquisition by Paramount Skydance Corporation ( PSKY ) of Warner Bros. Discovery ( WBD ). The deadline for a Phase 1 decision is August 7. Separately, an EU review is being handled by the European Commission’s competition arm, which has already opened a formal merger review of the proposed takeover and set an initial decision deadline of July 7. During the weekend, Bloomberg reported that Paramount Skydance ( PSKY ) is ready to divest its children’s TV network assets, if required, to win over EU regulators for its plans to acquire Warner Bros. Discovery ( WBD ). While Paramount ( PSKY ) wants to avoid any divestment, sources indicated that it is receptive to giving up kids' channels if the EU raises antitrust concerns, the people said, adding that the company has yet to decide whether or when it should submit proposed remedies before a deadline next month. Shares of Warner Bros. Discovery ( WBD ) were down 0.5% in premarket trading, while Paramount Skydance ( PSKY ) was up 0.2%. More on Warner Bros. Discovery Netflix, Disney, FuboTV, WBD And The Streaming Media Landscape Warner Bros. Discovery: Actually Soft, Not Strong, Earnings; But The Merger Would Cure All, Will It Close? Warner Bros. Discovery, Inc. (WBD) Q1 2026 Earnings Call Transcript 'Scary Movie' delivers franchise record opening as U.S. box office jumps 61% Lights, camera, algorithm: Hollywood's uneasy relationship with generative AI