Is AAPL a good stock to buy? We came across a bullish thesis on Apple Inc. on X.com by @MoneyShow. In this article, we will summarize the bulls’ thesis on AAPL. Apple Inc.’s share was trading at $307.34 as of June 5th. AAPL’s trailing and forward P/E were 37.21 and 32.15 respectively according to Yahoo Finance. Apple […]
Is AAPL a good stock to buy? We came across a bullish thesis on Apple Inc. on X.com by @MoneyShow. In this article, we will summarize the bulls’ thesis on AAPL. Apple Inc.’s share was trading at $307.34 as of June 5th. AAPL’s trailing and forward P/E were 37.21 and 32.15 respectively according to Yahoo Finance. Apple […]
(RTTNews) - Stocks have moved mostly higher during trading on Monday, regaining ground following the sell-off seen last Friday. The major averages have all moved back to the upside, with the tech-heavy Nasdaq leading the rebound.
(RTTNews) - Stocks have moved mostly higher during trading on Monday, regaining ground following the sell-off seen last Friday. The major averages have all moved back to the upside, with the tech-heavy Nasdaq leading the rebound.
Jinda Noipho/iStock via Getty Images U.S. consumers' outlook for inflation ticked down for the year ahead but remained at 3% or above for the next five years, according to the Federal Reserve Bank of New York's May 2026 Survey of Consumer Expectations released on Monday. Meanwhile, their expectations for the labor market, credit access, and household finances deteriorated. Median inflation expecta...
Jinda Noipho/iStock via Getty Images U.S. consumers' outlook for inflation ticked down for the year ahead but remained at 3% or above for the next five years, according to the Federal Reserve Bank of New York's May 2026 Survey of Consumer Expectations released on Monday. Meanwhile, their expectations for the labor market, credit access, and household finances deteriorated. Median inflation expectations for the one-year time horizon edged down 0.1 percentage point to 3.5%. Median expectations were unchanged at 3.1% for the three-year horizon and at 3.0% at the five-year timeframe. Moreover, uncertainty regarding future inflation outcomes rose at the one-year and three-year horizons and decreased at the five-year horizon. Home price growth is expected to outpace inflation. Median home price growth expectations increased by 0.5% pps to 3.5%, the highest reading since July 2022. If that expectation materializes, it would mark an acceleration from the recent slowing of home price growth . In the labor market, the mean perceived probability of losing one's job in the next 12 months climbed by 0.5 pp to 15.1%, above the series' 12-month trailing average of 14.4%. Meanwhile, the outlook for the quitting rate surged as the mean probability of leaving one's job voluntarily jumped 2.6 pp to 20.8%, its highest level since February 2023. The mean perceived probability of finding a job if one's current job was lost dropped by 2.3 pp to 43.7%, below the 12-month trailing average of 46.8% and its lowest point since December 2025. Even though expectations for spending growth declined, the pace of spending continued to outpace the expectations for household income growth, which held steady. The median growth in household income stayed at 2.8% in May. Meanwhile, the median expectation for nominal spending in the year ahead decreased by 0.4 pp to 5.0%, still slightly higher than the trailing 12-month average of 4.9%. With the continued pressure on household finances, consumers see a hi...
Expectations are running high for Apple's Worldwide Developers Conference, where the company is expected later Monday to unveil the biggest overhaul of Siri in years, including a chatbot-style interface and deeper integration across the iPhone, iPad and Mac. Bloomberg Tech co-Host Ed Ludlow discusses his expectations for the conference and how developments in Siri could impact the rest of the AI s...
Expectations are running high for Apple's Worldwide Developers Conference, where the company is expected later Monday to unveil the biggest overhaul of Siri in years, including a chatbot-style interface and deeper integration across the iPhone, iPad and Mac. Bloomberg Tech co-Host Ed Ludlow discusses his expectations for the conference and how developments in Siri could impact the rest of the AI space. He also addresses investor expectations for the upcoming SpaceX IPO.
Mrinal Pal/iStock Editorial via Getty Images Qualcomm ( QCOM ) was in focus on Monday as J.P. Morgan added a positive catalyst watch to the semiconductor company ahead of its investor day on June 24. “Data center business for Qualcomm is expected to be focused on a three-pillar strategy across 1) custom silicon, 2) merchant CPU, and 3) AI accelerators, including merchant off-the-shelf as well as c...
Mrinal Pal/iStock Editorial via Getty Images Qualcomm ( QCOM ) was in focus on Monday as J.P. Morgan added a positive catalyst watch to the semiconductor company ahead of its investor day on June 24. “Data center business for Qualcomm is expected to be focused on a three-pillar strategy across 1) custom silicon, 2) merchant CPU, and 3) AI accelerators, including merchant off-the-shelf as well as custom connectivity from Alphawave,” analyst Samik Chatterjee wrote in a note to clients. “With significant [total addressable market] as part of these new opportunities, we expect the company to outline targets for data center revenues which will include: 1) revenues in excess of $3B in FY27, and 2) revenues of $35B in FY31. The above data center revenues, along with continued robust growth in automotive revenues (expect target of $17B in FY31) and an inflection in growth rate for IoT (expect target of $17B in FY31), should highlight Qualcomm’s diversification away from the smartphone market, leading to non-handset market contributing ~70% of revenues by FY31, within which ~35% of revenues are likely to be attributable to data center. We expect the revenue targets to outline a strong 40%+ CAGR for the non-handset market revenue, which will increase visibility into double-digit revenue and earnings CAGR.” In addition to the catalyst watch, Chatterjee upped his price target on Qualcomm to $265 from $160 but kept his Neutral rating on the stock. Qualcomm shares rose modestly in late morning trading. More on Qualcomm Qualcomm Is Not The Next Micron QUALCOMM Incorporated (QCOM) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript QUALCOMM Incorporated (QCOM) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript Tech stocks drag down Nasdaq for the week; Intel, Qualcomm among losers Nasdaq-100 falls more than 4% as Arm, AMD, and Micron lead the broad tech selloff
Mrinal Pal/iStock Editorial via Getty Images Qualcomm ( QCOM ) was in focus on Monday as J.P. Morgan added a positive catalyst watch to the semiconductor company ahead of its investor day on June 24. “Data center business for Qualcomm is expected to be focused on a three-pillar strategy across 1) custom silicon, 2) merchant CPU, and 3) AI accelerators, including merchant off-the-shelf as well as c...
Mrinal Pal/iStock Editorial via Getty Images Qualcomm ( QCOM ) was in focus on Monday as J.P. Morgan added a positive catalyst watch to the semiconductor company ahead of its investor day on June 24. “Data center business for Qualcomm is expected to be focused on a three-pillar strategy across 1) custom silicon, 2) merchant CPU, and 3) AI accelerators, including merchant off-the-shelf as well as custom connectivity from Alphawave,” analyst Samik Chatterjee wrote in a note to clients. “With significant [total addressable market] as part of these new opportunities, we expect the company to outline targets for data center revenues which will include: 1) revenues in excess of $3B in FY27, and 2) revenues of $35B in FY31. The above data center revenues, along with continued robust growth in automotive revenues (expect target of $17B in FY31) and an inflection in growth rate for IoT (expect target of $17B in FY31), should highlight Qualcomm’s diversification away from the smartphone market, leading to non-handset market contributing ~70% of revenues by FY31, within which ~35% of revenues are likely to be attributable to data center. We expect the revenue targets to outline a strong 40%+ CAGR for the non-handset market revenue, which will increase visibility into double-digit revenue and earnings CAGR.” In addition to the catalyst watch, Chatterjee upped his price target on Qualcomm to $265 from $160 but kept his Neutral rating on the stock. Qualcomm shares rose modestly in late morning trading. More on Qualcomm Qualcomm Is Not The Next Micron QUALCOMM Incorporated (QCOM) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript QUALCOMM Incorporated (QCOM) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript Tech stocks drag down Nasdaq for the week; Intel, Qualcomm among losers Nasdaq-100 falls more than 4% as Arm, AMD, and Micron lead the broad tech selloff
Michael M. Santiago/Getty Images News Sam Bankman-Fried, the co-founder of FTX, the crypto exchange that collapsed in November 2022, has officially submitted a pardon application with the White House, according to a media report on Monday. In 2024, he was sentenced to 25 years in prison after he was found guilty on seven counts of criminal fraud. Bankman-Fried has appealed the conviction. The appl...
Michael M. Santiago/Getty Images News Sam Bankman-Fried, the co-founder of FTX, the crypto exchange that collapsed in November 2022, has officially submitted a pardon application with the White House, according to a media report on Monday. In 2024, he was sentenced to 25 years in prison after he was found guilty on seven counts of criminal fraud. Bankman-Fried has appealed the conviction. The application asked for a pardon after he serves his sentence, Fox Business reported. In a phone interview with the network, Bankman-Fried maintained that he didn't steal customer funds and isn't guilty of fraud. "Customers have been repaid now 170% or so on their deposits. It's one of the very few cases where the platform was over-collateralized, where customers were more than made whole," he said in the interview. However, FTX users were paid for what their holdings were worth when FTX collapsed in November 2022. At the time, bitcoin ( BTC-USD ) was trading at ~$16.8K. On Monday, BTC traded at ~$63.8K. President Donald Trump has previously stated that he wasn't considering a pardon for Bankman-Fried. By contrast, Trump pardoned Changpeng Zhao after the Binance founder had pleaded guilty to violating anti-money laundering rules and served four months in prison. Since the start of Trump's second term, the SEC dropped a wave of lawsuits and investigations targeting crypto firms, including those involving Coinbase Global ( COIN ) and Robinhood Markets ( HOOD ). Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on Crypto Whale's Insight: Bitcoin's Liquidity Trap: Will ETF Outflows And SpaceX IPO Push BTC Lower? Comparing HYPE & PURR: The Most Stock-Like Crypto Play Bitcoin bounces back above $63K following Friday’s washout below $60K Bullish reports May trading volume of $33B; Ethereum volatility falls to 36%