Meta Platforms (NASDAQ:META) employees are facing a double whammy. Not only is the company going through mass, successive layoffs, but the remaining employees are now supposed to forego their privacy… to train an even better replacement. Reuters caught wind of what has been happening inside Meta, and it doesn’t bode well if you work using ... Zuckerberg Backs Down on AI Tracking After Meta Employe...
Meta Platforms (NASDAQ:META) employees are facing a double whammy. Not only is the company going through mass, successive layoffs, but the remaining employees are now supposed to forego their privacy… to train an even better replacement. Reuters caught wind of what has been happening inside Meta, and it doesn’t bode well if you work using ... Zuckerberg Backs Down on AI Tracking After Meta Employee Revolt – But They’ll Still Get the Data They Need
Photofex-AT Airbus ( EADSF )( EADSY ) delivered 81 aircraft in May, a significant increase from the 51 jets handed over during the same month a year earlier, Reuters reported Thursday, citing people familiar with the matter. The increase appears to have been aided by the release of aircraft that had been delayed during a regulatory dispute involving China. The European planemaker is expected to pr...
Photofex-AT Airbus ( EADSF )( EADSY ) delivered 81 aircraft in May, a significant increase from the 51 jets handed over during the same month a year earlier, Reuters reported Thursday, citing people familiar with the matter. The increase appears to have been aided by the release of aircraft that had been delayed during a regulatory dispute involving China. The European planemaker is expected to provide its official monthly delivery figures on Friday. Airbus hasn’t commented on the reported total ahead of the release. Earlier this year, Airbus disclosed that some deliveries had been delayed during the first quarter because of what it described as an administrative issue in China that had since been resolved. Industry sources said the disruption stemmed from a disagreement tied to the certification process for China's domestically developed C919 passenger jet, produced by Comac. According to reports, roughly 20 Airbus aircraft were affected by the delays. European aviation regulators later indicated that work on validating the C919 was continuing with cooperation from both Chinese authorities and the manufacturer, suggesting progress toward resolving the dispute. The stronger May delivery performance may help ease investor concerns about Airbus' ability to meet its goal of delivering 870 aircraft this year. However, analysts caution that one strong month alone may not be enough to guarantee the company reaches that target. Airbus continues to face broader production challenges, including shortages of engines and cabin components, as well as delays from suppliers involved in the A350 program. Analysts said the company will need to maintain elevated delivery rates throughout the remainder of the year, though recent progress suggests Airbus is gradually reducing its inventory of completed aircraft awaiting final delivery. More on Airbus SE, Boeing Boeing: The Comeback Is Real, But Weak Spots Remain Boeing's Turnaround Is Real, But The Stock Already Knows It The Boeing Co...
When Michael Burry talks, markets listen. Not always immediately, and not always correctly, but they listen. The investor who famously shorted the housing market ahead of the 2008 financial crisis published a new post on his Substack page on June 2, and the subject was Palantir Technologies (PLTR). ...
When Michael Burry talks, markets listen. Not always immediately, and not always correctly, but they listen. The investor who famously shorted the housing market ahead of the 2008 financial crisis published a new post on his Substack page on June 2, and the subject was Palantir Technologies (PLTR). ...
Justin Sullivan/Getty Images News Dell Technologies ( DELL ) delivered a historic fiscal first quarter , with revenue surging 88% year-over-year to $43.84B and non-GAAP EPS of $4.86—crushing the $2.90 consensus estimate by nearly $2. The company’s AI server business exploded, with revenue hitting $16.1B for the quarter, up 757% year-over-year, prompting management to raise full-year AI server reve...
Justin Sullivan/Getty Images News Dell Technologies ( DELL ) delivered a historic fiscal first quarter , with revenue surging 88% year-over-year to $43.84B and non-GAAP EPS of $4.86—crushing the $2.90 consensus estimate by nearly $2. The company’s AI server business exploded, with revenue hitting $16.1B for the quarter, up 757% year-over-year, prompting management to raise full-year AI server revenue guidance to $60B. Despite the blowout quarter and a $27B guidance raise in a single quarter, analyst sentiment remains decidedly split between those chasing the AI infrastructure momentum and those warning of overextended valuations after a 38% post-earnings rally. What Do Seeking Alpha Analysts Say About Dell’s Future? Bullish investors pointed to the “insatiable” demand for AI infrastructure, with Dell’s backlog climbing to $51.3B and a pipeline that management described as “multiples” of the backlog. The company is positioning itself as an “AI factory” builder, offering integrated rack solutions, liquid cooling, and full-stack deployment capabilities. Additionally, bulls highlighted that a PC refresh cycle and easing memory costs should help recover gross margins toward 20% levels within a couple of quarters. Pessimists, however, highlighted concerns about “FOMO” and emotional trading driving the price too high too fast. Gross margin contraction—falling to 17.7% in Q1—reflects the lower-margin AI server mix weighing on profitability. Supply-side constraints in DRAM, NAND, and CPUs were flagged as potential limiters on second-half growth. Technical indicators also show the stock trading approximately 180% above its 200-day moving average, an “incredibly stretched” level that suggests consolidation is likely. Here’s a breakdown of what some analysts had to say: Hunting Alphas, Rating: Buy: “The market is not fully pricing in the insatiable demand for AI servers… Dell’s pipeline continued to grow sequentially and remains multiples of our backlog even after converting $2...
We Are Central banks are increasingly allocating foreign exchange reserves to smaller currencies rather than traditional alternatives to the U.S. dollar, according to a recent Financial Times analysis of International Monetary Fund data. The IMF's latest Currency Composition of Official Foreign Exchange Reserves report showed that the “other currencies” category accounted for 6.13% of global reser...
We Are Central banks are increasingly allocating foreign exchange reserves to smaller currencies rather than traditional alternatives to the U.S. dollar, according to a recent Financial Times analysis of International Monetary Fund data. The IMF's latest Currency Composition of Official Foreign Exchange Reserves report showed that the “other currencies” category accounted for 6.13% of global reserves, or roughly $805B. The category has grown by about $550B since 2020 and now exceeds both the Japanese yen and British pound in reserve holdings. The trend suggests that reserve managers are diversifying beyond major currencies such as the euro, yen, and Chinese renminbi. The renminbi, once viewed as a potential challenger to the dollar, has seen its share of reserves largely stagnate recently, according to the report. Because the IMF does not disclose which currencies make up the “other currencies” category, analysts have sought to estimate the composition. The FT cited Wells Fargo strategist Erik Nelson, who argued that the Singapore dollar has likely emerged as the largest component. Singapore's strong fiscal position, highly rated sovereign credit profile, and deep bond market have made its assets attractive to reserve managers. The city-state has also increased green bond issuance, providing additional investment opportunities for central banks. The report noted that other currencies, including the South Korean won, Swedish krona, Norwegian krone, and New Zealand dollar, may also be benefiting from reserve diversification. Rather than replacing the dollar with another dominant reserve currency, central banks appear to be spreading holdings across a broader range of smaller, high-quality markets, reflecting a gradual shift in global reserve management. Financial Times More related stories Softer Oil, Softer Greenback War And New Tariff Threat Strengthen The Dollar May Euro Area Inflation: Core Inflation Reaccelerates European indexes rebound on prospects of Iran deal...
The cancellation of Cenk Uygur’s and Hasan Piker’s visas tells us that the home secretary’s powers to police speech are too broad In August 1967, the activist Stokely Carmichael was banned from entering Britain. An ally of Martin Luther King Jr and head of the Student Nonviolent Coordinating Committee, Carmichael was banned because that July he had visited London and given a rousing, militant spee...
The cancellation of Cenk Uygur’s and Hasan Piker’s visas tells us that the home secretary’s powers to police speech are too broad In August 1967, the activist Stokely Carmichael was banned from entering Britain. An ally of Martin Luther King Jr and head of the Student Nonviolent Coordinating Committee, Carmichael was banned because that July he had visited London and given a rousing, militant speech about racism and black power at a leftwing festival in Camden alongside counterculture figures including the poet Allen Ginsberg and the philosopher Herbert Marcuse. In the Commons, the Tory MP Patrick Wall – a member of the Monday Club, a pressure group that called for the “voluntary” repatriation of black people from Britain – claimed that Carmichael (later known as Kwame Ture) had been in Britain advocating racial violence. Wall asked Labour home secretary Roy Jenkins to rescind Carmichael’s visa. Jenkins agreed to do so. In retrospect, that decision – by a home secretary usually remembered as a liberal reformer – comes across as an act of petty authoritarianism, a more conservative generation trying to stop the circulation of subversive ideas associated with the 1960s left that it feared. DK Renton is a barrister and the author of No Free Speech for Fascists: Exploring ‘No Platform’ in History, Law and Politics Continue reading...
British driver ‘didn’t lose sleep’ over Canada setback Russell says he will not change approach in Monaco George Russell remains confident in his world championship ambitions despite taking a serious blow with a mechanical failure at the last round in Canada. In Monaco, the British driver insisted that he felt no pressure, with the Formula One title his rival and teammate Kimi Antonelli’s to lose....
British driver ‘didn’t lose sleep’ over Canada setback Russell says he will not change approach in Monaco George Russell remains confident in his world championship ambitions despite taking a serious blow with a mechanical failure at the last round in Canada. In Monaco, the British driver insisted that he felt no pressure, with the Formula One title his rival and teammate Kimi Antonelli’s to lose. Russell suffered a battery failure while leading in Montreal, after taking pole position and having enjoyed a hard-fought contest for the race lead that ebbed and flowed with his teammate. With Antonelli going on to win he extended his lead in the world championship to 43 points. The 19-year-old Italian has now won four races in a row to establish a strong advantage, although 17 rounds remain including this weekend’s meeting in Monaco. Continue reading...
Here are the companies making headlines in midday trading. Alnylam Pharmaceuticals – Shares advanced 4% after Alnylam announced a strategic artificial intelligence collaboration with Inceptive Nucleics, valued at up to $2 billion. In the partnership Alnylam plans to use Inceptive's generative AI models to aid its discovery of RNA interference therapeutics. Blackstone – The asset manager jumped 8% ...
Here are the companies making headlines in midday trading. Alnylam Pharmaceuticals – Shares advanced 4% after Alnylam announced a strategic artificial intelligence collaboration with Inceptive Nucleics, valued at up to $2 billion. In the partnership Alnylam plans to use Inceptive's generative AI models to aid its discovery of RNA interference therapeutics. Blackstone – The asset manager jumped 8% as investors seemed to shake off news that the firm is limiting withdrawals from the Blackstone Private Credit fund after a pickup in investor redemption requests. The stock is now on track to snap a three-day string of losses. Fellow asset managers Ares Management and KKR each saw shares gain 6% in sympathy. Humana – Shares of the health insurer rose more than 6%. Morgan Stanley raised its price target on Humana to $249 per share, suggesting roughly 24% downside from Wednesday's close. Still, that compares to an anticipated decline of nearly 34% based on the earlier price target of $217 a share. Morgan Stanley stuck with its underweight rating on shares. Broadcom — Shares tumbled nearly 15% after the chipmaker reported fiscal second-quarter revenue of $22.19 billion, short of the $22.27 billion expected from analysts polled by LSEG. Broadcom CEO Hock Tan reiterated the company's fiscal year 2027 revenue guidance for AI chips to be "in excess of $100 billion." Semiconductor stocks — Shares of artificial-intelligence semiconductor companies slid following Broadcom's results. Micron Technology slipped almost 7%. Intel shed 2% and Advanced Micro Devices lost 4%. Arm Holdings was last down almost 5%. Five Below — The discount retailer fell 13%, as the company provided a better-than-expected outlook. Second-quarter revenue is expected to range from $1.18 billion to $1.2 billion, versus the StreetAccount estimate of $1.15 billion. Same-store sales for the period are expected to grow 7% to 9%, versus 4.4% consensus. Petco — Shares of the pet retailer dropped roughly 8% after Petco...
There is no denying that waking up Thursday morning to the post-earnings declines in CrowdStrike and Broadcom is painful. It was also painful to see a similar sell-off in Palo Alto Networks in the prior session. In fact, Palo Alto stock is now riding a three-session losing streak. Ultimately, all three companies reported solid quarterly results and forward guidance, and Wall Street analysts largel...
There is no denying that waking up Thursday morning to the post-earnings declines in CrowdStrike and Broadcom is painful. It was also painful to see a similar sell-off in Palo Alto Networks in the prior session. In fact, Palo Alto stock is now riding a three-session losing streak. Ultimately, all three companies reported solid quarterly results and forward guidance, and Wall Street analysts largely increased their price targets. We did, too. However, all three ran hot into their prints, and "solid" was not nearly good enough to meet the lofty expectations of an investor base that is looking for the next Snowflake, Hewlett Packard Enterprise or Dell , all of which exploded to the upside after their guides crushed estimates. What gives? We need to put these moves in context. Think back to the end of May, when Snowflake reported its quarter. Shares of the data storage and analytics provider rocketed to the upside, more than 36% on May 28, and kicked off an enterprise software rally that saw buyers rush into the IGV, the expanded tech-software ETF . The next day, Dell guided way above expectations and saw its stock rip nearly 33% higher. Fast forward to Tuesday, and HPE, like Dell, shot higher by more than 19% on a very strong guidance raise. So, what does that get us? The answer is momentum — a market driven more by "animal spirits" than anything else, especially when it comes to AI. In a market like that, it's important to keep moves like we're seeing Thursday morning in context. Consider this: At the close on May 27, just moments before Snowflake reported its quarter that would spark the rally that ignited our stocks right into their own quarterly releases, Palo Alto Networks shares were priced at $248 each, with CrowdStrike at $645 and Broadcom at $421. All three closed at record highs this week. Based on Thursday afternoon trading, Palo Alto Networks is still up 9.3% since May 27 (based on a $271 share price), with CrowdStrike still up 7.8% (at $695 per share). Bro...
Taiwan Semiconductor Manufacturing (NYSE:TSM) and Micron Technology (NASDAQ:MU) sit at two different floors of the same AI building. TSMC fabricates the logic chips that power Nvidia, AMD, and Apple. Micron supplies the HBM memory those accelerators cannot run without. Both just delivered blowout numbers, and the contrast between a foundry behemoth and a pure-play memory ... Got $10,000? TSM vs Mi...
Taiwan Semiconductor Manufacturing (NYSE:TSM) and Micron Technology (NASDAQ:MU) sit at two different floors of the same AI building. TSMC fabricates the logic chips that power Nvidia, AMD, and Apple. Micron supplies the HBM memory those accelerators cannot run without. Both just delivered blowout numbers, and the contrast between a foundry behemoth and a pure-play memory ... Got $10,000? TSM vs Micron: The Better Buy in 2026