(RTTNews) - Canadian stocks posted marginal gains on Monday as investors assessed U.S. President Donald Trump's reassurance on U.S.-Iran peace talks along with reports of Iran's preparations for a prolonged war with Israel.
(RTTNews) - Canadian stocks posted marginal gains on Monday as investors assessed U.S. President Donald Trump's reassurance on U.S.-Iran peace talks along with reports of Iran's preparations for a prolonged war with Israel.
mixmotive As part of efforts to secure regulatory support for its merger with Warner Bros. ( WBD ), Paramount Skydance ( PSKY ) has offered a series of concessions to California Attorney General Rob Bonta, aiming to avert a potential legal challenge from participating state attorneys general, Bloomberg reported. Bonta is leading an investigation into the multi-billion-dollar deal, alleging that th...
mixmotive As part of efforts to secure regulatory support for its merger with Warner Bros. ( WBD ), Paramount Skydance ( PSKY ) has offered a series of concessions to California Attorney General Rob Bonta, aiming to avert a potential legal challenge from participating state attorneys general, Bloomberg reported. Bonta is leading an investigation into the multi-billion-dollar deal, alleging that the merger of two of Hollywood’s five biggest studios would lead to lower wages, fewer jobs, and lower quality content, as well as give the combined company an unfair advantage over content creators. “We continue to engage constructively with regulators, including state attorneys general, and are always prepared to address legitimate, clearly articulated antitrust concerns. However, we do not believe any aspect of this transaction raises such concerns,” Paramount Skydance ( PSKY ) said in a statement to Bloomberg. Instead, Paramount Skydance ( PSKY ) argues that a merger would enable the company to better compete with online giants Netflix ( NFLX ), Amazon’s Prime Video ( AMZN ), and Google’s ( GOOG ) ( GOOGL ) YouTube. “This is a pro-competitive transaction that will create a stronger competitor with the scale, flexibility, and resources needed to compete more effectively for audiences, premium content, and creative talent,” Paramount added. With a combined Warner Bros/Paramount Skydance becoming the parent company of two movie studios, two major news networks (CBS and CNN), HBO Max, and Paramount+, plus numerous cable networks including Nickelodeon, Showtime, MTV, and BET, the merger has raised concerns… and formal protests… across the political and entertainment landscape. And with EU regulators able to seek remedies if competition concerns arise during the Phase 1 review, Paramount ( PSKY ) has proposed the divestiture of Nickelodeon and Warner Bros. ( WBD ) Cartoon Network as a combined business. Should the concessions fail to allay EU concerns, regulators can initiate a...
Morris Chen, portfolio manager CBMS/CRE debt at DoubleLine, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the evolution in the financing market, the bifurcated recovery of the commercial real estate market, and the risks investing in data centers. (Source: Bloomberg)
Morris Chen, portfolio manager CBMS/CRE debt at DoubleLine, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the evolution in the financing market, the bifurcated recovery of the commercial real estate market, and the risks investing in data centers. (Source: Bloomberg)
Bloomberg Intelligence's Athanasios Psarofagis joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the growing population of zombie ETFs, which are defined as funds that are at least three years old and manage less than $50 million. (Source: Bloomberg)
Bloomberg Intelligence's Athanasios Psarofagis joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the growing population of zombie ETFs, which are defined as funds that are at least three years old and manage less than $50 million. (Source: Bloomberg)
Perrigo ( PRGO ) appointed Albert A. Manzone as interim president and chief executive officer, effective immediately. Former CEO Patrick Lockwood-Taylor resigned as president, CEO, and board member effective immediately. Manzone has served on Perrigo's Board since 2022 and brings more than 30 years of global leadership experience. The company maintained its 2026 outlook of all-in adjusted EPS of $...
Perrigo ( PRGO ) appointed Albert A. Manzone as interim president and chief executive officer, effective immediately. Former CEO Patrick Lockwood-Taylor resigned as president, CEO, and board member effective immediately. Manzone has served on Perrigo's Board since 2022 and brings more than 30 years of global leadership experience. The company maintained its 2026 outlook of all-in adjusted EPS of $2.00–$2.30 and core adjusted EPS of $2.25–$2.55, alongside previously announced sales growth targets. More on Perrigo Perrigo: This 11% Yielder Should Cut The Dividend Perrigo Company plc (PRGO) Q1 2026 Earnings Call Transcript Perrigo Company plc 2026 Q1 - Results - Earnings Call Presentation Perrigo reaffirms 2026 outlook, targets $60M-$80M cost savings as results shift to 2H Perrigo reports mixed Q1 results; reaffirms FY26 outlook
Savara ( SVRA ) said chief financial and administrative officer Dave Lowrance will step down effective July 15 for health-related reasons. The clinical-stage biopharmaceutical company said chief operating officer Robert Lutz will assume the additional role of CFO, while administrative duties will be distributed among senior leadership team members. More on Savara Savara: The Rare Disease Funnel Is...
Savara ( SVRA ) said chief financial and administrative officer Dave Lowrance will step down effective July 15 for health-related reasons. The clinical-stage biopharmaceutical company said chief operating officer Robert Lutz will assume the additional role of CFO, while administrative duties will be distributed among senior leadership team members. More on Savara Savara: The Rare Disease Funnel Is Becoming A Commercial Asset These 10 small-cap U.S. healthcare companies carry the market's most expensive valuations Savara gets FDA review extension for lead asset Seeking Alpha’s Quant Rating on Savara Historical earnings data for Savara
A Liquid Glass slider! This year's WWDC keynote was all about AI. But with all the attention on Apple Intelligence and Siri AI, the company breezed by - or neglected to mention - a bunch of cool, smaller features across its new updates. I've rounded up a bunch of them right here. The new operating systems are available in developer beta today ahead of public betas beginning in July. They'll launch...
A Liquid Glass slider! This year's WWDC keynote was all about AI. But with all the attention on Apple Intelligence and Siri AI, the company breezed by - or neglected to mention - a bunch of cool, smaller features across its new updates. I've rounded up a bunch of them right here. The new operating systems are available in developer beta today ahead of public betas beginning in July. They'll launch for everyone this fall. And keep an eye on The Verge in the coming days and weeks ahead; as everyone starts to really dig into what's new, we might find even more great features to look forward to. iOS 27 Liquid Glass is getting an opacity slider. Apps launch up … Read the full story at The Verge.
Kayla Bartkowski/Getty Images News President Donald Trump called for Senate Majority Leader John Thune (R-SD) to fire the Senate's parliamentarian immediately in a social media post on Monday. The demand came after Elizabeth MacDonough ruled that voter identification legislation supported by the administration couldn't be attached to a budget package. Trump said she "treats Republicans, and everyt...
Kayla Bartkowski/Getty Images News President Donald Trump called for Senate Majority Leader John Thune (R-SD) to fire the Senate's parliamentarian immediately in a social media post on Monday. The demand came after Elizabeth MacDonough ruled that voter identification legislation supported by the administration couldn't be attached to a budget package. Trump said she "treats Republicans, and everything that they stand for, horribly!" in a post on Truth Social. He accused her of being "a Radical Left Lunatic that caters to Democrats, and has no respect for Republicans, or Republican Ideology." However, she has ruled against both parties during the 14 years she has served as Senate parliamentarian, Bloomberg News reported. Thune, himself, defended her, saying her rulings "break both ways" and that she has a "hard job." Often the parliamentarian decides whether a proposed piece of legislation can be passed with a simple majority or if it requires 60 votes to end a filibuster. During the Biden administration, her rulings obstructed Democratic attempts to add immigration policies and a minimum wage increase to their partisan budget bills. Trump wrote , "Just the other night, as an example, she ruled against us on a proposal that would have easily been approved, and should have been, by anyone else. We have every right to change her, and should do so, IMMEDIATELY." Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on Politics and the Economy Trump’s $100K H-1B visa fee blocked by judge Trump says big AI companies are coming to the White House, looking into benefits Is A Prolonged Middle East Conflict Becoming The Base Case?
Cadence ( CDNS ) on Monday announced an expanded collaboration with Intel Foundry ( INTC ) to accelerate Intel 14A process optimization for HPC and mobile designs. The new multi-year agreement combines Cadence’s agentic AI-driven EDA and Design IP solutions with Intel’s process innovation and advanced design expertise, the company said. Shares of Cadence are up nearly 1% in extended trading. The D...
Cadence ( CDNS ) on Monday announced an expanded collaboration with Intel Foundry ( INTC ) to accelerate Intel 14A process optimization for HPC and mobile designs. The new multi-year agreement combines Cadence’s agentic AI-driven EDA and Design IP solutions with Intel’s process innovation and advanced design expertise, the company said. Shares of Cadence are up nearly 1% in extended trading. The DTCO collaboration focuses on optimizing tools, flows, and methodologies to deliver industry-leading performance, power, and area. Cadence and Intel will work closely to optimize Intel 14A to deliver production-ready PDKs. The collaboration will also leverage Cadence’s agentic AI flows and core products to accelerate time-to-market and reduce design risk. More on Cadence Design Systems Cadence: The Silicon Arms Race Is Just Getting Started Cadence Design Systems, Inc. (CDNS) Presents at Bank of America 2026 Global Technology Conference Transcript Cadence Design Systems, Inc. (CDNS) Shareholder/Analyst Call Prepared Remarks Transcript Cadence, Samsung partner to deliver signoff-ready platform for AI infrastructure Cadence's 'stronger' Q1 results and outlook draw praise from analysts
Meta today accused spyware maker NSO Group of violating a court order that barred it from targeting users of WhatsApp. "WhatsApp caught and disrupted spear phishing attempts linked to NSO, a spyware firm blacklisted by the US government," WhatsApp owner Meta said in an announcement . Meta said it is asking a court "to hold NSO in contempt for violating a permanent injunction that barred them from ...
Meta today accused spyware maker NSO Group of violating a court order that barred it from targeting users of WhatsApp. "WhatsApp caught and disrupted spear phishing attempts linked to NSO, a spyware firm blacklisted by the US government," WhatsApp owner Meta said in an announcement . Meta said it is asking a court "to hold NSO in contempt for violating a permanent injunction that barred them from ever targeting WhatsApp and its users." NSO is an Israeli company that developed the Pegasus spyware. The US government added NSO to the Entity List in 2021, saying it “developed and supplied spyware to foreign governments that used this tool to maliciously target government officials, journalists, businesspeople, activists, academics, and embassy workers.” Read full article Comments
Apple unveiled its new intelligence system — underpinned by Google technology — during a keynote presentation at the company’s Worldwide Developers Conference. Ed Ludlow breaks down what you need to know. (Source: Bloomberg)
Apple unveiled its new intelligence system — underpinned by Google technology — during a keynote presentation at the company’s Worldwide Developers Conference. Ed Ludlow breaks down what you need to know. (Source: Bloomberg)
(RTTNews) - Stocks showed a strong move back to the upside in early trading on Monday following Friday's sell-off but gave back ground over the course of the sessions. The major averages pulled back well off their highs of the session, with the Dow dipping into negative territory
(RTTNews) - Stocks showed a strong move back to the upside in early trading on Monday following Friday's sell-off but gave back ground over the course of the sessions. The major averages pulled back well off their highs of the session, with the Dow dipping into negative territory
Beyond Meat (NASDAQ: BYND) stock obeyed gravity in May, dropping by almost 20% after an April that saw it gain more than 40% . The low-priced -- and therefore frequently volatile -- company was particularly affected by the latest in a string of disappointing quarterly earnings reports. Beyond Meat unwrapped its first-quarter results on May 6, and some of those numbers sparked justified concern in ...
Beyond Meat (NASDAQ: BYND) stock obeyed gravity in May, dropping by almost 20% after an April that saw it gain more than 40% . The low-priced -- and therefore frequently volatile -- company was particularly affected by the latest in a string of disappointing quarterly earnings reports. Beyond Meat unwrapped its first-quarter results on May 6, and some of those numbers sparked justified concern in the market. The company's net revenue sank by 15% year over year to just over $58 million. On a brighter note, it narrowed its net loss; however, it was still deeply in the red. That shortfall, not under generally accepted accounting principles (GAAP), was $46.8 million ($0.10 per share) compared to first quarter 2025's $59 million deficit. Image source: Getty Images. Continue reading
Apple Inc. said it isn’t currently able to launch Siri AI , its redesigned digital assistant, on iPhones or iPads in the European Union, marking the company’s latest standoff with the continent’s antitrust watchdog. Apple said in a statement Monday that it had proposed an EU-specific solution that would make Siri AI compliant with the bloc’s Digital Markets Act, known as the DMA, while protecting ...
Apple Inc. said it isn’t currently able to launch Siri AI , its redesigned digital assistant, on iPhones or iPads in the European Union, marking the company’s latest standoff with the continent’s antitrust watchdog. Apple said in a statement Monday that it had proposed an EU-specific solution that would make Siri AI compliant with the bloc’s Digital Markets Act, known as the DMA, while protecting user privacy by limiting the data that virtual assistants could access. The company said the European Commission did not accept any of its suggestions over the past several months, and that as a result Siri AI will not be available in the EU as part of iOS 27 or iPadOS 27. A representative for the commission did not immediately respond to a request for comment outside of normal business hours. This is Apple’s latest pushback at the EU’s attempts to crack down on Big Tech’s market influence. Last year, Apple voiced its opposition to many of the rules within the DMA, including allowing outside payments and downloading of apps from alternative marketplaces. The commission has said it will not repeal or change the DMA in response to the company’s complaints, and Apple has been forced to make changes for EU users accordingly. Read More: Apple Attacks EU Crackdown in Digital Law’s Biggest Court Test Earlier Monday, the iPhone maker unveiled the redesigned, smarter Siri, which can answer questions by drawing from what’s on users’ screens, as well as their messages, emails and photos. Apple said under EU regulators’ “extreme interpretation” of the DMA, the company would be required to give any virtual assistant direct access to users’ private data, “without the essential protections necessary to keep users and their data safe.” The regulators’ “refusal to engage constructively on solutions that preserve privacy and security means we do not currently have a timeline for Siri AI’s availability on iOS and iPadOS in the EU,” said Craig Federighi , Apple’s senior vice president of softw...
Andrew Chanin, co-founder and CEO of ProcureAM, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the SpaceX IP0 and how it has inspired investor interest in the Space ecosystem. (Source: Bloomberg)
Andrew Chanin, co-founder and CEO of ProcureAM, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the SpaceX IP0 and how it has inspired investor interest in the Space ecosystem. (Source: Bloomberg)
Wall Street finished the trading session mixed on Monday, with the Nasdaq leading gains as investors bought back into the sector following Friday’s sharp downturn. The blue chip Dow ( DJI ) closed -0.1%, the benchmark S&P 500 ( SP500 ) finished +0.3%, and the tech focused Nasdaq Composite ( COMP:IND ) ended +0.8%. Now, here are three things for investors to watch on Tuesday : The National Associat...
Wall Street finished the trading session mixed on Monday, with the Nasdaq leading gains as investors bought back into the sector following Friday’s sharp downturn. The blue chip Dow ( DJI ) closed -0.1%, the benchmark S&P 500 ( SP500 ) finished +0.3%, and the tech focused Nasdaq Composite ( COMP:IND ) ended +0.8%. Now, here are three things for investors to watch on Tuesday : The National Association of Realtors will provide the latest update on the annualized pace of previously owned home transactions, with the May average economist estimate at 4.08M vs. 4.02M in the prior month. Borrowing costs are hovering at elevated levels, so investors will look to see if high mortgage rates are continuing to paralyze inventory by keeping would-be sellers locked into their current low-rate loans. The J.M. Smucker Co. ( SJM ) is set to report its FQ4 2026 results before market open. The Wall Street expects EPS of $2.64 on revenue of $2.26B. The company has exceeded EPS estimates in 6 of the past 8 quarters and revenue expectations just thrice in that span. Datadog ( DDOG ) will hold its annual flagship Datadog DASH conference for builders, engineers, and security teams, focused on observability, security, and AI in modern systems. ozgurdonmaz/E+ via Getty Images More on the Markets Concentration, AI Disruption, And Earnings: What's Behind Recent Market Volatility Markets Rebounding After Friday's Rout May 2026 Employment Report - Strong, Strong Jobs Wall Street closed on a mixed note, led by strength in tech SA analyst warns tech rebound may be short-lived as yields rise
Investors Should Know: AI infrastructure spending is driving a multi-year capacity expansion cycle in semiconductors. However, some stocks have already captured significant value from the trend, just one of the factors complicating the stock-picking picture going forward. ETFs offer a way to invest in the ongoing AI theme without having to choose individual winners. Background The buildout of AI d...
Investors Should Know: AI infrastructure spending is driving a multi-year capacity expansion cycle in semiconductors. However, some stocks have already captured significant value from the trend, just one of the factors complicating the stock-picking picture going forward. ETFs offer a way to invest in the ongoing AI theme without having to choose individual winners. Background The buildout of AI data centers has created sustained demand for advanced chips and the manufacturing capacity to produce them. Cloud service providers are now engaging foundries years in advance to secure capacity, signaling that this is not a short-term procurement cycle. The semiconductor ecosystem spans several distinct roles. Applied Materials ( AMAT ) and KLA Corporation ( KLAC ) are capital equipment suppliers that benefit when foundries expand capacity. NXP Semiconductors ( NXPI ) and ON Semiconductor ( ON ) serve edge, automotive, and industrial markets. Texas Instruments ( TXN ) rounds out the analog and embedded processing segment. While overall interest in AI infrastructure spending remains strong, numerous factors complicate the situation. Many stocks have already risen sharply on AI hype, with investors starting to question their further upside. Names like Nvidia ( NVDA ) and Broadcom ( AVGO ) have underperformed the S&P 500 at times this year, after posting gains in the 400% range over a three-year timeframe. Meanwhile, conditions like export controls and tariff policy add further complexity. As an example, Taiwan Semiconductor Manufacturing Company ( TSM ) acknowledged policy-related risks in its earnings call while still forecasting close to 30% full-year revenue growth and robust AI-driven industry expansion over the long term. This brings many investors to ETFs. Exchange-traded funds offer a way to avoid choosing individual stocks. A breakdown of potential ETFs tied to the space is featured below. Key Takeaways AI infrastructure spending remains robust, with companies across...
sitox/E+ via Getty Images J.P. Morgan is in talks with investors to refinance a nearly $1B loan for Sable Offshore ( SOC ) at a 15% coupon rate with 20% amortization payments, Bloomberg reported Monday. The company, which resumed selling crude in March for the first time in more than a decade, has a term loan from Exxon Mobil that expires on June 26. Sable Offshore ( SOC ) is pumping 46K bbl/day o...
sitox/E+ via Getty Images J.P. Morgan is in talks with investors to refinance a nearly $1B loan for Sable Offshore ( SOC ) at a 15% coupon rate with 20% amortization payments, Bloomberg reported Monday. The company, which resumed selling crude in March for the first time in more than a decade, has a term loan from Exxon Mobil that expires on June 26. Sable Offshore ( SOC ) is pumping 46K bbl/day of oil off the coast of Santa Barbara, California, after President Trump invoked Cold War-era powers to override state-level opposition to the project. " There's a lot of moving parts here, but we're confident with our bank, J.P. Morgan and the group they have together, as far as being able to execute on this plan with plenty of time to spare," Sable ( SOC ) CEO Jim Flores said on an investor call last week. Sable Offshore ( SOC ) shares gained 7% on Monday following a Politico report that the Trump administration is in " active dialogue " with the company on creating a petroleum reserve in California. More on Sable Offshore Sable Offshore Investor Call: Negative Reaction Overdone Sable Offshore: The Surge Offers A Great Exit Point (Downgrade) Sable Offshore: The Tides Have Shifted In Favor Of Production Start (Rating Upgrade)
Perth Tolle, founder of Life + Liberty Indexes, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the rising costs in the ETF industry for investors as Fidelity's fees come into focus. (Source: Bloomberg)
Perth Tolle, founder of Life + Liberty Indexes, joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." They discuss the rising costs in the ETF industry for investors as Fidelity's fees come into focus. (Source: Bloomberg)
Apple Inc. , which just unveiled a revamped artificial intelligence platform built in part with Google technology, said the new approach will still preserve the company’s privacy safeguards. Though Apple relies on Google AI models, they’re different than the ones that company uses, software chief Craig Federighi said Monday at the Worldwide Developers Conference. “We use none of the models that Go...
Apple Inc. , which just unveiled a revamped artificial intelligence platform built in part with Google technology, said the new approach will still preserve the company’s privacy safeguards. Though Apple relies on Google AI models, they’re different than the ones that company uses, software chief Craig Federighi said Monday at the Worldwide Developers Conference. “We use none of the models that Google deploys to its customers,” he said during a WWDC media event in Cupertino, California. “Your requests are completely private to you. They’re never stored. They’re never accessible to anyone.” When customers make queries about current events, the information will pass through Apple’s in-house system, Federighi added. The privacy issue is a balancing act for Apple, which aims to show that it can offer powerful AI features without compromising users’ security. The company also is playing catch-up with its AI strategy, which has been plagued by delays and subpar features. “Every model is a significant leap both in quality and capability compared to our previous generation,” Amar Subramanya, Apple’s vice president of AI, said at the event. “Our goal is to match every user request to the model that provides the best response at the lowest latency.” The most powerful of these models, known as AFM Cloud Pro, offers quality that’s “similar” to Google’s Gemini frontier models, Subramanya said. The technology was developed under the company’s Private Cloud Compute philosophy, which now extends to third-party cloud partners including Google. That approach is designed to protect privacy even when data is in the cloud. “Apple devices are only allowed to talk to software that’s been signed by Apple,” said Sebastien Marineau-Mes, another senior executive on the company’s AI team. Mike Rockwell , who leads engineering for Apple’s Siri assistant, acknowledged that the technology has suffered from delays. Past attempts to revamp Siri didn’t meet Apple’s standards, he said. The new Siri, ...
Reborn Coffee ( REBN ) announced on Monday the appointment of Jung Jae Lim as CEO, following a planned leadership transition. Jay Kim stepped down as Co-CEO, while the company said operations, expansion plans, and reporting will remain unchanged. Source: Press Release More on Reborn Coffee Historical earnings data for Reborn Coffee Financial information for Reborn Coffee
Reborn Coffee ( REBN ) announced on Monday the appointment of Jung Jae Lim as CEO, following a planned leadership transition. Jay Kim stepped down as Co-CEO, while the company said operations, expansion plans, and reporting will remain unchanged. Source: Press Release More on Reborn Coffee Historical earnings data for Reborn Coffee Financial information for Reborn Coffee
NEW YORK, June 08, 2026 (GLOBE NEWSWIRE) -- GraniteShares has announced it will execute forward shares split for the several funds (the “Funds”). The total market value of the shares outstanding will not be affected as a result of these splits. After the close of the markets on June 24, 2026 (the “Payable Date”), each Fund will effect a forward split of its issued and outstanding shares as follows...
NEW YORK, June 08, 2026 (GLOBE NEWSWIRE) -- GraniteShares has announced it will execute forward shares split for the several funds (the “Funds”). The total market value of the shares outstanding will not be affected as a result of these splits. After the close of the markets on June 24, 2026 (the “Payable Date”), each Fund will effect a forward split of its issued and outstanding shares as follows: Fund Name Ticker CUSIP Forward Split Ratio Approximate increase in total number of outstanding sha