At his final WWDC keynote, Tim Cook highlights AI-forward upgrade to the voice assistant to be widely released in fall After years of anticipation, user frustration and false starts, Apple announced a major upgrade to Siri at its annual developer conference on Monday. The voice assistant will come integrated with Apple’s artificial intelligence tool, Apple Intelligence, and has been rechristened “...
At his final WWDC keynote, Tim Cook highlights AI-forward upgrade to the voice assistant to be widely released in fall After years of anticipation, user frustration and false starts, Apple announced a major upgrade to Siri at its annual developer conference on Monday. The voice assistant will come integrated with Apple’s artificial intelligence tool, Apple Intelligence, and has been rechristened “Siri AI”. The new Siri, which will be widely released in the fall, will more closely resemble AI chatbots like ChatGPT or Google Gemini, than a question-and-answer tool that draws from the web. Continue reading...
Marvell Technology (NASDAQ:MRVL) , a data infrastructure semiconductor provider, closed Monday at $288.85, up 9.63%. The stock jumped after confirmation that it will join the S&P 500 later this month. Investors are watching how sustained AI data center demand supports the fundamentals behind that stock’s inclusion in the index. Trading volume reached 83.6 million shares, about 159% above its three...
Marvell Technology (NASDAQ:MRVL) , a data infrastructure semiconductor provider, closed Monday at $288.85, up 9.63%. The stock jumped after confirmation that it will join the S&P 500 later this month. Investors are watching how sustained AI data center demand supports the fundamentals behind that stock’s inclusion in the index. Trading volume reached 83.6 million shares, about 159% above its three-month average of 32.3 million shares. Marvell Technology IPO'd in 2000 and has grown 1,927% since going public. The S&P 500 added 0.30% to finish Monday at 7,406, while the Nasdaq Composite gained 0.86%, closing at 25,930. Among semiconductors, Monolithic Power Systems closed at $1,559.18 (+5.28%), and Microchip Technology finished at $91.37 (+3.43%), underscoring broad strength across chipmakers. The folks running the S&P 500 plan to drop Pool Corporation and The Campbell’s Company from the index in favor of Marvell Technology and Flex later in June. While technically nothing changes about the newly added stocks joining the index, their inclusion often sparks a short-term buying spree as institutions and S&P 500 trackers add them to reflect the changes. Continue reading
Greystone Housing Impact Investors ( GHI ) said on Monday Jesse A. Coury informed the company that he would be stepping down as chief financial officer of the partnership, effective June 30, 2026. Coury has been a member of the Partnership's management team since 2016 and has served as the Partnership’s Chief Financial Officer since 2020, the company highlighted. The Board of Managers of Greystone...
Greystone Housing Impact Investors ( GHI ) said on Monday Jesse A. Coury informed the company that he would be stepping down as chief financial officer of the partnership, effective June 30, 2026. Coury has been a member of the Partnership's management team since 2016 and has served as the Partnership’s Chief Financial Officer since 2020, the company highlighted. The Board of Managers of Greystone AF Manager, the general partner of the partnership, appointed Eric R. Nielsen to serve as the partnership’s interim chief financial officer, effective as of July 1, 2026. The firm stated that Nielsen would serve in this capacity until a permanent chief financial officer is appointed. Nielsen has served as the partnership’s corporate controller since 2020. Source: press release More on Greystone Housing Impact Market's Impatience Is Growing My Income: Greystone Housing Greystone Housing Impact Investors outlines capital rotation into tax-exempt mortgage revenue bonds after $18m return from Poppy Grove exits Greystone Housing Impact downgraded at Citizens on headwinds from higher interest rates
piranka/E+ via Getty Images Applied Digital ( APLD ) shares jumped 8% during post-market trading on Monday after the company locked in a long-term lease agreement for 210 MW of critical IT load to a "U.S.-based high investment-grade hyperscaler." The lease agreement is for its Delta Forge 2 data center, which the company said is located in a "new southern state." The deal covers a 15-year take-or-...
piranka/E+ via Getty Images Applied Digital ( APLD ) shares jumped 8% during post-market trading on Monday after the company locked in a long-term lease agreement for 210 MW of critical IT load to a "U.S.-based high investment-grade hyperscaler." The lease agreement is for its Delta Forge 2 data center, which the company said is located in a "new southern state." The deal covers a 15-year take-or-pay structure with renewal options, representing $5.2B in base-term contracted revenue, or about $12.7B if all renewal options are exercised over a 30-year total term. This marks the fifth data center campus Applied Digital will develop, which will represent 1.4 GW of critical IT load and 2.15 GW of grid-connected utility power. Delta Forge 2 is scheduled to go online during the first quarter of 2028. It is being built for AI training and inference. "Two years ago, we made a deliberate decision to build a company that scales, not just builds data centers," said Applied Digital CEO Wes Cummins . "We call it our franchise model—a core team of design, construction, and operations professionals replicated across every campus, in every market. Continued demand from leading hyperscalers across five campuses is strong validation of our model." These deals total $36B in contracted base-term lease revenue and up to $86B if all renewal options are exercised. Approximately 70% of contracted revenue is backed by " U.S .-based investment-grade hyperscalers." "We are deliberate about where we build," Cummins continued. "We look for communities where this kind of investment genuinely matters—where the jobs, the tax base, and the long-term economic activity have real impact. We have built a track record of being good partners to those communities, and we take that responsibility seriously. That track record is part of how we earn the right to keep building." More on Applied Digital Applied Digital: 1-Month Lease Gap Signals Aggressive Hyperscaler Demand Applied Digital: Massive Revenue Bac...
alacatr/iStock via Getty Images I'm a long-term bull on the water industry. Water is an essential service with a fairly steady demand picture. Even in recessions, most people and commercial enterprises still use roughly the same amount of water as always. Furthermore, there is more emphasis being placed on delivering better water quality to customers. Old and outdated infrastructure needs to be re...
alacatr/iStock via Getty Images I'm a long-term bull on the water industry. Water is an essential service with a fairly steady demand picture. Even in recessions, most people and commercial enterprises still use roughly the same amount of water as always. Furthermore, there is more emphasis being placed on delivering better water quality to customers. Old and outdated infrastructure needs to be repaired, which should spur an investment cycle. Worries about so-called forever chemicals and other contaminants should provide a tailwind for water quality and treatment businesses. And, in emerging markets, access to potable water can remain an issue, meaning there is growth potential as well as the global middle class continues to rise. All this to say that I'm always on the lookout for water stocks and sector ETFs that can deliver solid returns in the years to come. And, after quite a few years of the sector being broadly expensive, relative valuations have come in a fair bit. Most water stocks have gone nowhere over the past year, with some declining outright. This makes water look more attractive compared to the overall U.S. equity market, which has rallied sharply. With that in mind, it's time to take a look at Watts Water Technologies, Inc. ( WTS ) and its place in the broader industry landscape. Watts Water Has Significantly Outperformed Its Peers I can make the core contention of this article with the following chart. Specifically, it shows the performance of Watts Water Technologies stock against a variety of other water industry peers over the past year: Data by YCharts Much of the industry has struggled recently, with several names being in negative territory over the past 12 months. That includes a particular cascade of selling at Badger Meter ( BMI ), a company whose shares have now fallen enough that I see a potential buying opportunity . Overall, it's not been a great stretch for water stocks. We can also see this by looking at various water ETFs. The Invesc...
stockcam/iStock Unreleased via Getty Images Personally, I haven't been bullish on the stock for a while now. Duolingo, Inc. ( DUOL ) felt too pricey at the time of the writing . So, I initiated covering but with a Hold rating. Now, I am happy with the decision not to rush in, given the fact the stock collapsed by 55% over the past 7 months while the benchmark rallied slightly more than 9% since my...
stockcam/iStock Unreleased via Getty Images Personally, I haven't been bullish on the stock for a while now. Duolingo, Inc. ( DUOL ) felt too pricey at the time of the writing . So, I initiated covering but with a Hold rating. Now, I am happy with the decision not to rush in, given the fact the stock collapsed by 55% over the past 7 months while the benchmark rallied slightly more than 9% since my last piece . DUOL: Stock Dropped 55% Since My Last Article (Seeking Alpha) How do I feel now? Slightly differently. Now, I actually find the valuation more appealing. I am in the camp that earnings multiple contraction was needed. But now roughly a 76% sell-off over the past year seems overdone. And if anything, I also find several catalysts developing favorably for the company. What I think ignited the downward momentum for the stock was revenue growth deceleration. Now, while it dropped from about 45% annually to 35% over the past 12 months, I still view it as a significant top-line growth story. Also, concerns that AI may replace it also made a dent. But I don't agree with it either. I don't think one's personal interest in learning a new language will fade anytime soon. Especially when the world has become more global than ever, driven by technological innovations. So, I am in the camp that if steady revenue growth remains, sentiment may flip bullish for Duolingo. So, I have decided to upgrade my rating. I view Duolingo as a Buy now. I'd love to share with you my thinking process on this here. The Disconnection Between Earnings And Stock Momentum Sure enough, there's a big difference between DUOL's stock performance and quarterly earnings. While the stock trades like the business is experiencing a massive decline, Duolingo delivers steady top and bottom-line growth at a double-digit pace. Now, at some point, these two may sync. And I believe this could lead to at least a relief rally after a significant decline. But, of course, that's not guaranteed. DUOL: Earnings His...
At its annual developers' conference, Apple put the spotlight on new AI features, while highlighting security and child safety — and critiquing the company's AI competitors. (Image credit: Noah Berger)
At its annual developers' conference, Apple put the spotlight on new AI features, while highlighting security and child safety — and critiquing the company's AI competitors. (Image credit: Noah Berger)
Grupo Aeroportuario del Sureste, S.A.B. de C.V. reported May 2026 passenger traffic of 5.6M, down 1.6% year-over-year. Passenger traffic increased 6.6% in Colombia, while declining 4.2% in Mexico and 3.7% in Puerto Rico. Colombia's growth was driven by a 7.0% increase in domestic traffic and a 5.4% rise in international traffic. In Mexico, domestic passenger traffic grew 1.3%, but international tr...
Grupo Aeroportuario del Sureste, S.A.B. de C.V. reported May 2026 passenger traffic of 5.6M, down 1.6% year-over-year. Passenger traffic increased 6.6% in Colombia, while declining 4.2% in Mexico and 3.7% in Puerto Rico. Colombia's growth was driven by a 7.0% increase in domestic traffic and a 5.4% rise in international traffic. In Mexico, domestic passenger traffic grew 1.3%, but international traffic fell 10.0%, weighing on overall results. Puerto Rico saw a 4.4% decline in domestic traffic, partially offset by a 2.0% increase in international traffic. The overall traffic decline was primarily caused by weaker passenger volumes in Mexico, ASUR's largest market. Colombia remained the strongest-performing region in ASUR's portfolio during the month, continuing to deliver solid passenger growth. More on Grupo Aeroportuario Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) Q1 2026 Earnings Call Transcript Grupo Aeroportuario del Sureste: Despite New Risks, I Remain Bullish ASUR outlines 98% maximum tariff objective as Motiva deal targets Q2 close Grupo Aeroportuario Q1 2026 Earnings Preview Seeking Alpha’s Quant Rating on Grupo Aeroportuario
The entities transforming New York’s Penn Station are slated to learn how much federal money will be directed to the project in about six months, according to Peter Cipriano, chief executive officer of the Halmar-Skanska consortium, the renovation’s master developer. Cipriano and Andy Byford , special advisor to Amtrak’s board who is overseeing the rehabilitation, gave updates to reporters on Mond...
The entities transforming New York’s Penn Station are slated to learn how much federal money will be directed to the project in about six months, according to Peter Cipriano, chief executive officer of the Halmar-Skanska consortium, the renovation’s master developer. Cipriano and Andy Byford , special advisor to Amtrak’s board who is overseeing the rehabilitation, gave updates to reporters on Monday about the efforts to revamp the busiest rail hub in the western hemisphere. It will cost about $7 billion, and construction is expected to start by the end of 2027 and finish in six years. Byford said the project will ask for the maximum in terms of federal grants and loans. New York, New Jersey and New York City will also need to chip in, since their residents and commuter-rail lines will benefit from the rehabilitation, he said. “There are various sources from which we can apply,” he said. “So I’m looking for billions from the federal government to contribute to that capital stack.” The renovation involves adding train capacity, widening hallways, bringing in natural light and expanding the concourse. The hub serves more than 600,000 daily passengers on Amtrak , New Jersey Transit , the Long Island Rail Road and six subway lines. Amtrak, which owns the station, last month picked Halmar and Skanska , a co-venture called the Penn Transformation Partners, to serve as the master developer. Read More: Halmar-Skanska Lead Penn Station Rehabilitation Effort The Halmar-Skanska proposal keeps Madison Square Garden, home of the New York Knicks basketball team, above Penn Station. It also creates a new major entrance on Manhattan’s Eighth Avenue. The Federal Railroad Administration is studying whether the station can accommodate train service called “through running” that would allow New Jersey Transit to provide service east of Penn Station rather than disembarking all trains at the hub.
Sam Bankman-Fried 'Absolutely' Wants A Presidential Pardon From inside a federal prison cell, disgraced crypto mogul Sam Bankman-Fried is making a direct bid for a White House lifeline . In a phone interview with FOX Business , the former FTX founder said he "absolutely" wants a presidential pardon from President Donald Trump. "Absolutely. It would be obviously, you know, ultimately up to the pres...
Sam Bankman-Fried 'Absolutely' Wants A Presidential Pardon From inside a federal prison cell, disgraced crypto mogul Sam Bankman-Fried is making a direct bid for a White House lifeline . In a phone interview with FOX Business , the former FTX founder said he "absolutely" wants a presidential pardon from President Donald Trump. "Absolutely. It would be obviously, you know, ultimately up to the president, not up to me," he said. Bankman-Fried declined to confirm whether his family is currently lobbying the administration on his behalf, saying only, "I can't speak for them." In March 2024, Bankman-Fried was sentenced to 25 years in prison after being convicted on two counts of wire fraud and five counts of conspiracy . The court found that the November 2022 collapse of his crypto empire resulted in approximately $8 billion in losses for FTX customers, $1.7 billion for equity investors, and $1.3 billion for lenders to Alameda Research. Key Development Today: Bankman-Fried has formally submitted a presidential pardon application through the Department of Justice's Office of the Pardon Attorney. Bankman-Fried Defends His Case Despite his conviction, Bankman-Fried continued to argue that the prosecution was unjust, citing the recovery in cryptocurrency markets that has allowed the bankruptcy estate to repay customers more than they originally lost. "I didn't steal user funds either. 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. And yet there was, you know, not just a criminal investigation, but a prosecution. And, you know, dozens of years of sentence[s]. " -SBF He added that it is "a great disservice" to customers that it has taken three years for them to be repaid nearly twice what they had on the platform. Regrets Missing the AI Boom, Praises Musk When asked about his fear of missing out on major technological developments, SBF expressed f...
Jonathan Golub of Seaport Global Holdings says "earnings are absolutely on fire," and valuations are lower almost everywhere. He speaks on "Bloomberg The Close." (Source: Bloomberg)
Jonathan Golub of Seaport Global Holdings says "earnings are absolutely on fire," and valuations are lower almost everywhere. He speaks on "Bloomberg The Close." (Source: Bloomberg)
The artificial intelligence ( AIQ ) ( AIEQ ) buildout is creating opportunities across the market, not just within mega-cap technology stocks ( MGK ) ( XLK ), according to Charles Schwab’s chief investment strategist Liz Ann Sonders. Speaking in an interview with CNBC on Monday, Sonders emphasized that investors need to look beyond the traditional tech trade to understand the full scope of market ...
The artificial intelligence ( AIQ ) ( AIEQ ) buildout is creating opportunities across the market, not just within mega-cap technology stocks ( MGK ) ( XLK ), according to Charles Schwab’s chief investment strategist Liz Ann Sonders. Speaking in an interview with CNBC on Monday, Sonders emphasized that investors need to look beyond the traditional tech trade to understand the full scope of market dynamics. “I think this is a broader AI tech infrastructure build out that is not just accruing to the benefit of the large cap tech sector within the S&P ( SPY ),” she said. Sonders pointed to encouraging signs of market breadth, noting that the Russell 2000 ( IWM ) has been “handily outperforming” the S&P 500 ( SPY ), while equal-weight indexes ( RSP ) ( EUSA ) are running roughly in line with cap-weighted measures ( VOO ). She also observed a convergence between profitable and nonprofitable names within small caps ( IJR ). The strategist characterized recent market volatility ( VIX ) ( VIXX ) as healthy, helping to work off overbought conditions. She expects rotational trading patterns to persist, calling rotation itself “one of the momentum trades.” On monetary policy, Sonders indicated that rate cuts appear off the table for the Federal Reserve under new Chair Kevin Warsh, with markets pricing in approximately a 75% probability of a rate hike by year-end. “Given what we know now, I think the next move is more likely to be a hike than a cut,” she said. More on the Markets Markets Don't Like Good News Anymore AI Boom: Are More Equity Raises Coming? After A 40% Gain In 10 Weeks, Where Does The S&P Tech Index Go From Here? The chart AI bulls can't ignore Trump’s $100K H-1B visa fee blocked by judge