desifoto /iStock via Getty Images By JJ Kinahan The markets look like they are in recovery mode after Friday’s hit, buoyed somewhat by the S&P 500’s ( SPX ) rebalancing moves, which are officially effective in two weeks. After Friday’s close, it was announced that the tech-heavy index will add Marvell Technology ( MRVL ) and Flex ( FLEX ) to the index, replacing consumer-focused firms Campbell’s C...
desifoto /iStock via Getty Images By JJ Kinahan The markets look like they are in recovery mode after Friday’s hit, buoyed somewhat by the S&P 500’s ( SPX ) rebalancing moves, which are officially effective in two weeks. After Friday’s close, it was announced that the tech-heavy index will add Marvell Technology ( MRVL ) and Flex ( FLEX ) to the index, replacing consumer-focused firms Campbell’s Co. ( CPB ) and Pool Corp. ( POOL ). In pre-market trading, Marvell shares were up almost 9%, regaining some of Friday’s 17% pullback. Flex shares were adding nearly 7%. Campbell’s stock was rising nearly 3% after the household foods maker posted earnings that modestly outpaced Wall Street’s expectations. Last week the markets started off on a good foot – both the Dow Jones Industrial Average and the S&P 500 Index hit fresh intra-week peaks – but lost step after a better-than-expected U.S. jobs report. Coupled with a deep sell-off in chip stocks, the Nasdaq got crushed and spilled over to other indices. Nasdaq gave up 4.2%, marking its worst trading day since April 2025. The S&P 500 Index lost 2.6%, and the Dow was set back by 1.4%. One thing I noted is that the stock trading volume was not particularly heavy on Friday, but it was one of the busiest days ever in the options market . I believe that means investors were doing other things, like hedging or taking profits off the table. It also tends to lead to a shorter selloff duration, which looks like what we’re seeing today. Friday’s decline started after the Bureau of Labor Statistics said nonfarm payrolls jumped by 172,000, more than double the 80,000 Wall Street was expecting and marking a three-month trend. The hardy job creation didn’t move the needle on the unemployment rate, which stands at 4.3%. That could mean that the job pool is widening, especially as new college graduates enter the arena. While a robust job market might be considered a good thing, especially when it’s teamed with growing corporate profits and a...
Over the last 7 days, the United States market has dropped by 2.5%, yet it has risen by 23% over the past year, with earnings expected to grow by 17% annually in the coming years. In this context of fluctuating performance and anticipated growth, stocks with high insider ownership can be appealing as they often signal confidence from those closest to the company's operations and potential for subs...
Over the last 7 days, the United States market has dropped by 2.5%, yet it has risen by 23% over the past year, with earnings expected to grow by 17% annually in the coming years. In this context of fluctuating performance and anticipated growth, stocks with high insider ownership can be appealing as they often signal confidence from those closest to the company's operations and potential for substantial earnings growth.
Investing.com -- The Pentagon added Alibaba Group Holding Ltd., BYD Co. and Baidu Inc. to its list of companies that support the Chinese military on Monday. The announcement was posted to the Federal Register and updates the Defense Department’s roster of companies believed to aid the People’s Liberation Army.
Investing.com -- The Pentagon added Alibaba Group Holding Ltd., BYD Co. and Baidu Inc. to its list of companies that support the Chinese military on Monday. The announcement was posted to the Federal Register and updates the Defense Department’s roster of companies believed to aid the People’s Liberation Army.
Two years after first revealing its plans for Apple Intelligence and a smarter Siri that never fully materialized, at WWDC Apple just revealed a new set of AI features and a smarter, more personalized Siri. Apple calls Siri AI an "entirely new version of Siri," and says it's both more conversational and more capable than the previous version of the smart assistant. In conversations, it has a more ...
Two years after first revealing its plans for Apple Intelligence and a smarter Siri that never fully materialized, at WWDC Apple just revealed a new set of AI features and a smarter, more personalized Siri. Apple calls Siri AI an "entirely new version of Siri," and says it's both more conversational and more capable than the previous version of the smart assistant. In conversations, it has a more expressive voice that can be customized by pace, expressivity, and accent. Siri AI will be accessible systemwide, capable of reading what's on-screen and interacting with your apps. But Apple's SVP of software engineering Craig Federighi said it w … Read the full story at The Verge.
Antonio J. Viana, Director of Arteris (NASDAQ:AIP) , disclosed the disposition of 20,839 shares on June 4, 2026, consisting of a direct gift of 20,839 shares and an indirect open-market sale of 20,839 shares, according to a SEC Form 4 filing . Transaction and post-transaction values based on SEC Form 4 weighted average purchase price ($36.51). * 1-year price change calculated using June 4, 2026 as...
Antonio J. Viana, Director of Arteris (NASDAQ:AIP) , disclosed the disposition of 20,839 shares on June 4, 2026, consisting of a direct gift of 20,839 shares and an indirect open-market sale of 20,839 shares, according to a SEC Form 4 filing . Transaction and post-transaction values based on SEC Form 4 weighted average purchase price ($36.51). * 1-year price change calculated using June 4, 2026 as the reference date. Continue reading
Post on Facebook received more than 900 comments, with one Italian writing that they were ‘ashamed’ A US tourist has warned visitors to Rome after paying €44 (£38) for two ice-creams in the Italian capital. Nicole Ann, from Florida, advised fellow tourists to “avoid Don Nino”, an ice-cream parlour on a street off Piazza Navona. She claimed she had ordered two small cups of ice-cream but instead wa...
Post on Facebook received more than 900 comments, with one Italian writing that they were ‘ashamed’ A US tourist has warned visitors to Rome after paying €44 (£38) for two ice-creams in the Italian capital. Nicole Ann, from Florida, advised fellow tourists to “avoid Don Nino”, an ice-cream parlour on a street off Piazza Navona. She claimed she had ordered two small cups of ice-cream but instead was charged for two large cones topped with trimmings that were allegedly not requested, including macarons, cannoli and panna (whipped cream) . Continue reading...
A federal judge struck down a $100,000 fee President Donald Trump ordered for H-1B visa applications, providing a reprieve for US technology companies that rely on hiring skilled foreign workers. The president’s decree dramatically increasing the cost of the popular visa is an unlawful tax and must be vacated, US District Judge Leo T. Sorokin in Massachusetts said in a Monday ruling. The governmen...
A federal judge struck down a $100,000 fee President Donald Trump ordered for H-1B visa applications, providing a reprieve for US technology companies that rely on hiring skilled foreign workers. The president’s decree dramatically increasing the cost of the popular visa is an unlawful tax and must be vacated, US District Judge Leo T. Sorokin in Massachusetts said in a Monday ruling. The government is likely to appeal the decision, which is a blow for the Trump administration’s campaign to restrict immigration and boost demand for US workers.
Wall Street has spent two years asking technology companies to stop talking about what AI will do and start showing what it has already done. The data, when it finally arrives, tends to matter more than any product launch or analyst note. On June 7, Microsoft produced a number that is hard to ...
Wall Street has spent two years asking technology companies to stop talking about what AI will do and start showing what it has already done. The data, when it finally arrives, tends to matter more than any product launch or analyst note. On June 7, Microsoft produced a number that is hard to ...
In this article UAL GE BA Follow your favorite stocks CREATE FREE ACCOUNT Technicians work on an engine at GE Aerospace's engine shop in Lafayette, Indiana. Leslie Josephs/CNBC RIO DE JANEIRO — Airplane engine makers have fallen short of what they promised airlines, major carriers' CEOs say, a problem vexing an industry that has struggled for years with aircraft shortages and more recently, a doub...
In this article UAL GE BA Follow your favorite stocks CREATE FREE ACCOUNT Technicians work on an engine at GE Aerospace's engine shop in Lafayette, Indiana. Leslie Josephs/CNBC RIO DE JANEIRO — Airplane engine makers have fallen short of what they promised airlines, major carriers' CEOs say, a problem vexing an industry that has struggled for years with aircraft shortages and more recently, a doubling of fuel prices. It's a paradox: Engine makers dazzled carriers with more fuel-efficient options for new planes from Boeing and Airbus. But production shortfalls and disappointing reliability with those engines are becoming costly problems, CEOs said in interviews at the industry's largest annual gathering here. Airline executives said they're being forced to remove engines and take them for maintenance into crowded shops earlier than expected, which is driving up costs and sucking up the fuel savings they were supposed to get from the engines. Airline leaders told CNBC this week that travel demand is still strong despite higher fares, so having aircraft on the ground means money left on the table, just as $100 billion higher fuel bill this year is slashing airline profit prospects. Alexis von Hoensbroech, CEO of Canada's WestJet, told CNBC in an interview ahead of the more than 370-airline International Air Transport Association's annual assembly that the new engines promising fuel savings of around 15% or more compared with earlier models were "engineering marvels." "However, as you push the limits, it sometimes comes at the cost of reliability, and what we all are seeing is that those engines have to go into unscheduled maintenance far more frequently than prior engine generations," he said. Newer models of aircraft engines burn hotter, allowing them to use less fuel. That's key since fuel is airlines' biggest cost after labor. But that can also mean they wear out faster, which can ground planes, though carriers keep some spare engines. Von Hoensbroech and other airl...
Governing body looking into ‘a breach of team protocols’ Incident in early hours of morning after Lord’s Test Ben Stokes and Gus Atkinson are being investigated by the England and Wales Cricket Board for a “breach of team protocols” following the first Test win over New Zealand. The ECB confirmed in a statement Stokes and Atkinson “were in a nightclub in the early hours of Monday morning when an i...
Governing body looking into ‘a breach of team protocols’ Incident in early hours of morning after Lord’s Test Ben Stokes and Gus Atkinson are being investigated by the England and Wales Cricket Board for a “breach of team protocols” following the first Test win over New Zealand. The ECB confirmed in a statement Stokes and Atkinson “were in a nightclub in the early hours of Monday morning when an incident took place”. More to follow … Continue reading...
Paris and Berlin conclude firms involved unable to agree on way forward in blow to Europe’s common defence push France and Germany have concluded that the companies involved in building a joint fighter jet will not be able to reach an agreement and have abandoned the project, officials in Berlin have said in a blow to Europe’s common defence efforts. The French president, Emmanuel Macron, and the ...
Paris and Berlin conclude firms involved unable to agree on way forward in blow to Europe’s common defence push France and Germany have concluded that the companies involved in building a joint fighter jet will not be able to reach an agreement and have abandoned the project, officials in Berlin have said in a blow to Europe’s common defence efforts. The French president, Emmanuel Macron, and the Germany chancellor, Friedrich Merz, had “reached the shared assessment that the companies will not be able to come together”, an official told Agence France-Presse. “They acknowledge this reality.” Continue reading...
Jim Cramer thinks investors may be creating their own problem. In a post on X on Thursday, the CNBC host argued that excitement surrounding Elon Musk‘s SpaceX and growing speculation about its eventual inclusion in the S&P 500 could be...
Jim Cramer thinks investors may be creating their own problem. In a post on X on Thursday, the CNBC host argued that excitement surrounding Elon Musk‘s SpaceX and growing speculation about its eventual inclusion in the S&P 500 could be...