Former US Vice President Mike Pence discusses his new book, "What Conservatives Believe,” what he sees as the future for the Republican Party, regulation of artificial intelligence, and his relationship with President Donald Trump. (Source: Bloomberg)
Former US Vice President Mike Pence discusses his new book, "What Conservatives Believe,” what he sees as the future for the Republican Party, regulation of artificial intelligence, and his relationship with President Donald Trump. (Source: Bloomberg)
The folks floating around the idea of an “AI bubble” certainly seem smart. While many of them may possess next-level foresight, I wouldn’t look to bet against the revolutionary technology, especially as we begin to get a glimpse of the monetization opportunities. If you’re not blown away by Anthropic’s Claude Mythos enough to ditch the ... The AI Build‑Out Isn’t Slowing — and NVIDIA Still Sits at ...
The folks floating around the idea of an “AI bubble” certainly seem smart. While many of them may possess next-level foresight, I wouldn’t look to bet against the revolutionary technology, especially as we begin to get a glimpse of the monetization opportunities. If you’re not blown away by Anthropic’s Claude Mythos enough to ditch the ... The AI Build‑Out Isn’t Slowing — and NVIDIA Still Sits at the Center of Many Major CapEx Plans
Apple is walking on stage next week for its annual Worldwide Developers Conference (WWDC), and it isn’t just showcasing routine software updates—it is quietly preparing a major ecosystem upgrade that could spell disaster for independent fintech applications. CNBC’s Dominic Chu used his June 2 Pre-Market Rundown to sketch the immense stakes, outlining a new native ... Why Apple’s Next iPhone Upgrad...
Apple is walking on stage next week for its annual Worldwide Developers Conference (WWDC), and it isn’t just showcasing routine software updates—it is quietly preparing a major ecosystem upgrade that could spell disaster for independent fintech applications. CNBC’s Dominic Chu used his June 2 Pre-Market Rundown to sketch the immense stakes, outlining a new native ... Why Apple’s Next iPhone Upgrade Could Be the End of Venmo
Futures Drop, Yields And Oil Rise On Latest Middle East Hostilities US equity futures are mixed as oil prices, bond yields, and USD move higher in response to the latest overnight attacks in the Middle East with no public progress on a deal. As reported previously, the US struck Iran’s Qeshm Island, which was then met with retaliatory Iranian strikes on US bases in Kuwait; explosions were also rep...
Futures Drop, Yields And Oil Rise On Latest Middle East Hostilities US equity futures are mixed as oil prices, bond yields, and USD move higher in response to the latest overnight attacks in the Middle East with no public progress on a deal. As reported previously, the US struck Iran’s Qeshm Island, which was then met with retaliatory Iranian strikes on US bases in Kuwait; explosions were also reported in Saudi Arabia, and air sirens were set off in the UAE. US Centcom said that the Iranian drone attacks were “successfully defeated.” As of 8:00am ET, S&P futures were down 0.1% but off session lows: absent the now daily gamma squeeze, the S&P is poised to halt a nine-day rally; Nasdaq futures rose 0.2% with semis bid premarket led by MRVL, INTC, AVGO, and AMD as Mag7 names are weaker. Some pockets of tech exuberance are seen in the US pre-market with Marvell adding 12% to Tuesday’s near 33% surge. Tech enthusiasm was once again on display in Asia with the MSCI APAC index hitting yet another record high. Mag7 have been used as a funding trade to buy Semis and to make room for deals, according to JPM. Cyclicals ex-Energy are lagging Defensives. Brent rose 2.3% to top $98 a barrel. The yield on 10-year Treasuries climbed four basis points to 4.48% as crude prices stoked concerns about inflationary pressures; the yield curve is bear flattening with yields up 3-4bp as USD is poised for its strongest week since mid-May. Data calendar includes May ADP employment change (8:15am), S&P Global US services PMI (9:45am), and April factory orders and May ISM services index (10am). Fed speaker slate includes Barr (9am) and Logan (4pm), and Beige Book is slated for 2pm release. In premarket trading, Magnificent Seven are mixed (Meta +0.6%, Apple -0.2%, Alphabet -0.7%, Amazon -0.05%, Nvidia +0.3%, Microsoft +0.2%, Tesla -0.7%) Cognyte Software (CGNT) slumps 21% after the Israeli company posted disappointing first quarter earnings. GameStop (GME) is up 13% after the video game retaile...
ADP Reports US Economy Added The Most Jobs In 16 Months In May Following a shockingly strong JOLTS report , ADP just reported a stronger than expected rise in jobs added in May. ADP says 122k jobs were added in May - better than the 120k expected - and the biggest monthly addition since January 2025 Source: Bloomberg "Hiring was more broad-based in May than we've seen in the last few years," said ...
ADP Reports US Economy Added The Most Jobs In 16 Months In May Following a shockingly strong JOLTS report , ADP just reported a stronger than expected rise in jobs added in May. ADP says 122k jobs were added in May - better than the 120k expected - and the biggest monthly addition since January 2025 Source: Bloomberg "Hiring was more broad-based in May than we've seen in the last few years," said Dr. Nela Richardson, Chief Economist, ADP. "The labor market continues to show sustained momentum going into the summer hiring season." Small businesses added the most jobs... The Trade & Transportation industry added the most jobs while Information services suffered the biggest losses (AI?)... Year-over-year pay growth for job-stayers was steady at 4.4 percent. For job-changers, the pace of growth slowed slightly, to 6.5 percent from 6.6 percent in April. And yet amid all this... we are supposed to believe (according to UMich) that Americans' consumer sentiment is at record lows? Tyler Durden Wed, 06/03/2026 - 08:23
Treasure Global ( TGL ) on Wednesday said it expects fiscal year 2026 revenue to increase by over 100% year-over-year, driven by continued expansion of its digital ecosystem and increasing merchant adoption across Southeast Asia . The company expects continued strengthening of its balance sheet and liquidity position following strategic financing initiatives and operational optimization efforts co...
Treasure Global ( TGL ) on Wednesday said it expects fiscal year 2026 revenue to increase by over 100% year-over-year, driven by continued expansion of its digital ecosystem and increasing merchant adoption across Southeast Asia . The company expects continued strengthening of its balance sheet and liquidity position following strategic financing initiatives and operational optimization efforts completed during the fiscal year. TGL -3.8% premarket. Press release More on Treasure Global Treasure Global names ex-CEO Sam Teo as acting CEO Financial information for Treasure Global
(RTTNews) - Cocrystal Pharma, Inc. (COCP) on Wednesday announced that it has appointed James Sapirstein chief executive officer, effective immediately, replacing co-chief executives Sam Lee and Jim Martin.
(RTTNews) - Cocrystal Pharma, Inc. (COCP) on Wednesday announced that it has appointed James Sapirstein chief executive officer, effective immediately, replacing co-chief executives Sam Lee and Jim Martin.
Here are Wednesday's biggest calls on Wall Street: KeyBanc initiates DigitalOcean as overweight KeyBanc said the company's playbook has "room to expand." "We are initiating coverage of DigitalOcean with an Overweight rating and a $200 price target." Goldman Sachs initiates Omnicom as buy Goldman said the advertising company is well positioned for growth. "Omnicom: It trades at an 18% FCF yield whi...
Here are Wednesday's biggest calls on Wall Street: KeyBanc initiates DigitalOcean as overweight KeyBanc said the company's playbook has "room to expand." "We are initiating coverage of DigitalOcean with an Overweight rating and a $200 price target." Goldman Sachs initiates Omnicom as buy Goldman said the advertising company is well positioned for growth. "Omnicom: It trades at an 18% FCF yield while core business is delivering organic growth. We are above consensus EBIT and FCF on higher margins." RBC upgrades SSR Mining to outperform from sector perform RBC said it sees a slew of positive catalysts ahead for the mining company. "Following strategic transactions in 2026 to effectively exit Turkey, SSR h as transitioned to become a lower jurisdiction risk company ( > 80% Canada/US), with exceptionally high financial liquidity (1/3 of market cap in cash), and high ongoing FCF." Goldman Sachs reiterates Apple as buy Goldman said it's bullish heading into Apple's Worldwide Developer's Conference next week. "At the keynote, we expect Apple to announce the new AI-enhanced Siri, which will include many of the delayed features from the 2024 WWDC (e.g., on-screen awareness, personal context), as well as a dedicated Siri app that will have a chat interface similar to other LLMs." Morgan Stanley upgrades Yum Brands to overweight from equal weight and downgrades Chipotle to equal weight from overweight Morgan Stanley said Yum Brands is undervalued. The firm also downgraded Chipotle and says the stock is lagging. "We favor YUM among big fast food. Shares don't seem to give credit for solid growth profile or tech story; we also think a potential PH sale is positive. Upgrade to OW. We downgrade CMG to EW. The stock has lagged, but we don't see the narrative changing; lower multiple vs history seems appropriate." Read more. Morgan Stanley downgrades Shake Shack to equal weight from overweight Morgan Stanley said it has a lack of visibility right now for Shake Shack. "Part of our up...
Bank of America’s (NYSE: BAC) Chief Investment Strategist Michael Hartnett adopted a cautious yet opportunistic stance in his latest Flow Show, warning that investors are approaching a pivotal juncture. He highlighted rising bond yields, elevated technology valuations, and evolving global capital flows as forces likely to trigger a rotation in market leadership. Despite the AI-fueled ... Bank of A...
Bank of America’s (NYSE: BAC) Chief Investment Strategist Michael Hartnett adopted a cautious yet opportunistic stance in his latest Flow Show, warning that investors are approaching a pivotal juncture. He highlighted rising bond yields, elevated technology valuations, and evolving global capital flows as forces likely to trigger a rotation in market leadership. Despite the AI-fueled ... Bank of America Strategist Sees Dot-Com Comparisons: 5 Safe Buy-Rated Dividend Stocks They Love Now
EU trade chief Maros Sefcovic will meet China’s international trade envoy Li Chenggang in Paris on Thursday, as the sides look to defuse tensions that have pushed them to the brink of a trade war. The officials will meet on the sidelines of an Organisation for Economic Co-operation and Development (OECD) ministerial summit, setting the stage for a month of intensified engagement ahead of Commerce ...
EU trade chief Maros Sefcovic will meet China’s international trade envoy Li Chenggang in Paris on Thursday, as the sides look to defuse tensions that have pushed them to the brink of a trade war. The officials will meet on the sidelines of an Organisation for Economic Co-operation and Development (OECD) ministerial summit, setting the stage for a month of intensified engagement ahead of Commerce Minister Wang Wentao’s visit to Brussels on June 28 and 29, according to people familiar with the...
As the big wave of mega AI IPOs moves in, the retail crowd is probably eager to punch their ticket. Though it’s tough to tell where valuations will end on day one for the likes of Anthropic, OpenAI, and SpaceX, one thing is almost a guarantee: the trading activity is going to be wild. For ... The Real Winner in the Anthropic IPO Isn’t Anthropic, OpenAI, or Even Google.
As the big wave of mega AI IPOs moves in, the retail crowd is probably eager to punch their ticket. Though it’s tough to tell where valuations will end on day one for the likes of Anthropic, OpenAI, and SpaceX, one thing is almost a guarantee: the trading activity is going to be wild. For ... The Real Winner in the Anthropic IPO Isn’t Anthropic, OpenAI, or Even Google.