Apple (AAPL) kicked off its 2026 Worldwide Developers Conference (WWDC), where CEO Tim Cook showcased the new AI-powered Siri (Siri AI) in his keynote address on Monday. Winthrop Capital CIO Adam Coons comments on Apple's long-awaited AI software release, while Yahoo Finance Markets and Data Editor Jared Blikre takes a closer look at Apple's stock reactions to its WWDC announcements. This was Tim ...
Apple (AAPL) kicked off its 2026 Worldwide Developers Conference (WWDC), where CEO Tim Cook showcased the new AI-powered Siri (Siri AI) in his keynote address on Monday. Winthrop Capital CIO Adam Coons comments on Apple's long-awaited AI software release, while Yahoo Finance Markets and Data Editor Jared Blikre takes a closer look at Apple's stock reactions to its WWDC announcements. This was Tim Cook's final WWDC as Apple CEO before he steps down this September, transitioning into an executive chairman role.
At $211.82, Oracle (ORCL) looks set up for roughly 34% of upside over the next three years under a conservative scenario. Not a moonshot, but enough to matter if the math holds. Revenue compounding does all the work; the multiple is asked to do nothing. Here is the operational reality the math is built on.
At $211.82, Oracle (ORCL) looks set up for roughly 34% of upside over the next three years under a conservative scenario. Not a moonshot, but enough to matter if the math holds. Revenue compounding does all the work; the multiple is asked to do nothing. Here is the operational reality the math is built on.
Eric Ries, author of the legendary book The Lean Startup and, more recently, Incorruptible, and a governance advisor to Anthropic since 2021, delivered a sharp critique of the AI investment boom. He told CNBC’s Squawk Box on June 8, 2026, that he believed corporate AI productivity claims are largely unproven. He believes many AI-attributed layoffs are repackaged cost-cutting, and ... Anthropic Adv...
Eric Ries, author of the legendary book The Lean Startup and, more recently, Incorruptible, and a governance advisor to Anthropic since 2021, delivered a sharp critique of the AI investment boom. He told CNBC’s Squawk Box on June 8, 2026, that he believed corporate AI productivity claims are largely unproven. He believes many AI-attributed layoffs are repackaged cost-cutting, and ... Anthropic Advisor Says AI Productivity Gains Are Vastly Exaggerated, Valuations Are ‘Crazy’
Shares of Cencora (NYSE: COR) and Stevanato Group (NYSE: STVN) are down more than 17% and 5%, respectively, so far this year. This is despite solid first-quarter earnings and steady business models. Cencora , formerly known as AmerisourceBergen, is one of the dominant forces in the global pharmaceutical supply chain. Together with McKesson and Cardinal Health , it forms an effective triopoly that ...
Shares of Cencora (NYSE: COR) and Stevanato Group (NYSE: STVN) are down more than 17% and 5%, respectively, so far this year. This is despite solid first-quarter earnings and steady business models. Cencora , formerly known as AmerisourceBergen, is one of the dominant forces in the global pharmaceutical supply chain. Together with McKesson and Cardinal Health , it forms an effective triopoly that distributes roughly 90% of all medicines in the United States. Italian-based Stevanato is a dominant company in the drug containment and delivery systems sector. The healthcare conglomerate manufactures prefilled syringes, vials, cartridges, and complex autoinjectors used by major pharmaceutical companies . Continue reading
From Firewall Vendor to AI Security Platform A decade ago, Palo Alto Networks (NASDAQ: PANW) was still primarily known as a next-generation firewall company competing with legacy network security incumbents. The transformation since then has been dramatic. Under CEO Nikesh Arora, the company pivoted into a sprawling cybersecurity platform spanning network, cloud, security operations, identity, ......
From Firewall Vendor to AI Security Platform A decade ago, Palo Alto Networks (NASDAQ: PANW) was still primarily known as a next-generation firewall company competing with legacy network security incumbents. The transformation since then has been dramatic. Under CEO Nikesh Arora, the company pivoted into a sprawling cybersecurity platform spanning network, cloud, security operations, identity, ... Palo Alto Networks Hits $10B Revenue Run Rate Beats S&P 500 Across All Timeframes
Kenya’s central bank left its benchmark interest rate unchanged for the second time in a row, as it monitors the impact of the ongoing conflict in Iran on the economy. The monetary policy retained the key rate at 8.75%, Governor Kamau Thugge said in an emailed statement Tuesday. That matched the forecast of all six economists in a Bloomberg survey . “The conflict in the Middle East has disrupted g...
Kenya’s central bank left its benchmark interest rate unchanged for the second time in a row, as it monitors the impact of the ongoing conflict in Iran on the economy. The monetary policy retained the key rate at 8.75%, Governor Kamau Thugge said in an emailed statement Tuesday. That matched the forecast of all six economists in a Bloomberg survey . “The conflict in the Middle East has disrupted global supply chains and led to a sharp increase in energy prices and transportation costs, resulting in higher inflation and moderated global growth prospects.,” Thugge said. The US-Israeli war on Iran has forced emerging-market central banks including Indonesia, Turkey and South Africa to either pause or reverse their monetary easing cycles as surging oil prices and renewed currency pressure spawn higher inflation. Prior to holding rates at its last MPC meeting in April, the Kenyan central bank had lowered borrowing costs on 10 consecutive occasions by a cumulative 425 basis points. The annual inflation rate in the East African nation jumped to 6.7% in May from 5.6% in April, because of higher fuel costs. Core inflation was 3.2% in May, compared with 2.8% in April, reflecting second round effects from higher gasoline prices. Price growth is now at the upper end of the 2.5% to 7.5% range that the central bank targets. Diesel costs in Kenya have jumped 40% and gasoline prices 20% since the start of war, sparking protests in which at least 12 people have died. The inflation rate is now likely to breach the central bank’s target band, to a three-year high. Still, the Kenyan shilling has remained stable and stuck in a narrow range against the dollar, while the nation holds sufficient foreign-exchange reserves to cover almost six months of imports. The Next Africa newsletter runs every weekday. Sign up here for the newsletter, and subscribe to the Next Africa podcast on Apple , Spotify or anywhere you listen .
Existing-home sales in the US accelerated to their fastest pace of the year in May, with contract closings rising to an annualized rate of 4.17 million. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)
Existing-home sales in the US accelerated to their fastest pace of the year in May, with contract closings rising to an annualized rate of 4.17 million. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)