With SpaceX, Anthropic, and OpenAI all eyeing massive public debuts, the tech industry may soon have a new class of corporate overlords — and a new acronym to match. Say goodbye to FAANG and hello to MANGOS.

With SpaceX, Anthropic, and OpenAI all eyeing massive public debuts, the tech industry may soon have a new class of corporate overlords — and a new acronym to match. Say goodbye to FAANG and hello to MANGOS.

Meta Platforms (META) was ordered by the European Commission to restore rival access to WhatsApp for

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J Studios/DigitalVision via Getty Images Fund Highlights Concentrated, high conviction portfolio Distinctive approach is centered on linking valuations with barriers to entry Seeks to invest in businesses that are trading below what is believed to be its estimate of the companies' intrinsic value Focuses on businesses that are believed to have a sustainable competitive advantage or a high barrier to entry in place Strategy provides the opportunity to invest in companies of all market capitalizations Market Recap U.S. equities were lower in the first quarter, ending the three-quarter streak of gains that major indices saw to finish out 2025. AI disruption fears were a key headwind during the period, especially in the software space, while escalating geopolitical tensions in the Middle East caused downward pressure on markets later in the quarter. A key theme in the quarter was investors working to better understand the potential impact of AI across sectors. While AI-driven investment has supported growth in recent periods, concerns around returns on capital, competitive disruption, and longer-term winners and losers weighed heavily on software stocks, among others. Macro conditions shifted notably as the quarter progressed, driven by escalating geopolitical tensions. The outbreak of U.S.-Iran hostilities, most notably disruptions to energy shipments through the Strait of Hormuz, drove concerns around supply shocks, inflation, and global growth. The resulting spike in oil prices contributed to renewed inflation concerns and a repricing of Federal Reserve (Fed) policy expectations, with markets moving away from anticipated rate cuts toward a more prolonged pause. Energy was the standout performer amid the surge in crude prices, while defensive sectors such as Utilities and Consumer Staples also outperformed. Conversely, Consumer Discretionary, Information Technology (IT), and Financials, faced meaningful pressure. Beneath the surface, dispersion increased significantly...

In trading on Tuesday, the SPDR S&P Homebuilders ETF is outperforming other ETFs, up about 2.5% on the day. Components of that ETF showing particular strength include shares of LGI Homes, up about 5.2% and shares of Century Communities, up about 4.7% on the day. And underp

Bjoern Wylezich/iStock Editorial via Getty Images FedEx ( FDX ) pilots have ratified a new contract with management, ending five years of negotiations between the express delivery and logistics company and the union representing its 5K pilots. The new contract gives pilots a ~40% increase in their hourly pay and other benefits and back pay to account for delayed raises during negotiations. Beginning in 2028, pilots will receive an automatic 3% annual raise. The new contract also updates work rules, vacation policies, hours of service regulations, scheduling, and per diem rates. Of the 98.5% of eligible pilots who voted, 83% voted in favor of the new agreement. The new contract becomes effective June 29. In the wake of the announcement, FedEx ( FDX ) shares are losing altitude, currently trading at a loss from Monday’s close. More on FedEx FedEx: SOTP Valuation Suggests That The Easy Money Has Already Been Made (Rating Upgrade) FedEx: Amazon Pressure And Freight Risks Keep Me Neutral FedEx Corporation: Valuation, Technical, And Macro Downsides Still Outweigh Fundamental Soundness Can self-driving tech power the new FedEx Freight? FedEx Freight begins trading after spinning off from FedEx

GOOG and ANTHR Gain Ground on OpenAI's ChatGPT, Market Share Ins GuruFocus

Global Mofy AI Limited ( Nasdaq: GMM ) on Tuesday said it will implement a 1-for-50 reverse stock split of its Class A and Class B ordinary shares, effective June 11. The company's Class A shares will begin trading on a split-adjusted basis on June 11 under the existing ticker symbol "GMM." The reverse stock split ratio was determined by the board on May 26, following shareholder authorization granted at the company's annual meeting in January to effect a reverse stock split within a range of 1-for-2 to 1-for-500. The company said the reverse split will reduce its outstanding Class A shares to approximately 1.79 million from about 89.58 million and its outstanding Class B shares to approximately 160,000 from about 8.17 million. No fractional shares will be issued. Shareholders otherwise entitled to a fractional share will receive one whole share. The new CUSIP number for the Class A shares will be G3937M205. Source: Press Release More on Global Mofy Metaverse Global Mofy AI prices $8M registered direct offering Financial information for Global Mofy Metaverse

EMS-FORSTER-PRODUCTIONS/DigitalVision via Getty Images The stock market selloff on June 5 may have been merely the tremors before the big event. Despite the sharp selloff, little has changed from a mechanical volatility standpoint. Implied dispersion remains historically elevated while implied correlations remain historically low, suggesting that what occurred on June 5 was more of a warning shot than a regime shift. Volatility Positioning Remains Stretched Implied volatility for single stocks remains extremely high, with the VIXEQ trading around 45 and the S&P VIX Index ( VIX ), which measures index-level volatility, around 17.6. That means the historical spread between the two measures is roughly 27.5, remaining the widest on record. This spread, or the difference between constituent-level and index-level volatility, is one of the primary reasons dispersion in the S&P 500 remains at historic highs, as seen during the COVID-19 crash and the tariff tantrum. TradingView Meanwhile, 3-month implied correlations also remain historically low at 10. The only time the 3-month correlations were lower was in July 2024, before the breakdown of the yen carry trade. Until correlations begin to rise and dispersion starts to fall, the regime that existed before the June 5 sell-off remains largely unchanged. The Semi Chase Is Not Over Yet… Implied volatility and skewness in the semiconductor sector remain extremely elevated, well above their 1-year median. The data show that call premiums remain very rich for the largest names in the VanEck Semiconductor ETF ( SMH ), a sign that the game of chasing semiconductor stocks in the options market has not yet broken. Mott Capital/ VolVue With dispersion so high and correlation so low, and the chase for semis still underway, the market remains vulnerable and overheated. While measurements like dispersion and correlations can continue to stretch further, they are near their historical bounds and will eventually need to revert. Systematic a...

美股费城半导体指数跌幅扩大至6%，迈威尔科技/美满电子回撤超10%，Arm跌超10%，高通跌超9%，AMD、美光科技跌超7%，台积电跌2.6%，英伟达跌2.73%。 纳斯达克100指数跌超2.7%。

Apple’s new AI features are on track to be monetized faster than expected, thanks to increased hardware requirements and new “killer apps.”

In Senate testimony, Cuban compared pharmacy benefit managers to Amazon’s control over online sellers, arguing that PBMs use their power over formularies to keep list prices high while patients, employers, pharmacies, and taxpayers absorb the damage.

由于原油价格上涨推动出口创历史新高，加拿大4月贸易顺差进一步扩大。加拿大统计局周二公布的数据显示，该国4月贸易顺差从3月的17.5亿加元增至27.2亿加元。这是加拿大连续第二个月实现贸易顺差，也是2025年1月以来的最大顺差额。加拿大对美国的贸易顺差也创下2025年2月以来的最高水平，当时美国总统特朗普尚未对加拿大加征关税。加拿大4月出口总额增长1.6%，达到752亿加元，增长范围涉及多个领域。能源出口增长贡献最大，价格上涨推动4月原油出口增长7%。（新浪财经）

美国能源信息署预计2026年美国石油产量为1372万桶/日，较之前预测的1365万桶/日有所上调；预计2027年产量为1415万桶/日（之前为1410万桶/日）。

比特币跌破61000美元，日内跌3.31%。

北京时间6月10日凌晨，美股周二午盘走低。芯片股在经历一日反弹后失去了上涨势头。油价下跌推动原材料和非必需消费品板块逆势上扬。市场继续关注中东局势的最新发展。 道指跌278.33点，跌幅为0.55%，报50507.68点；纳指跌577.52点，跌幅为2.23%，报25352.14点；标普500指数跌95.41点，跌幅为1.29%，报7310.32点。 iShares半导体ETF在周一反弹6%后，周二午间下跌近4%。该ETF上周五暴跌10%，创下六年来最差单日表现，因投资者担心人工智能驱动的芯片涨势过快过猛。 美光 科技大跌5.9%，该股在周一反弹10%，上周五暴跌13%。 博通下跌4.6%，该股上周同样经历了同样陡峭的两日下跌。 由于市场对中东持久停火抱有希望，能源价格下跌，美股早盘一度上涨。 在美国能源部长克里斯·赖特表示霍尔木兹海峡的船舶通行量“正在非常有意义地上升”之后，西得克萨斯中质原油期货下跌4%，交易价格低于每桶90美元。 在此之前，美国总统特朗普表示美国和伊朗可能在“两三天内”达成协议、从而“立即”重新开放霍尔木兹海峡之后。 尽管标普500指数中的能源股下跌近2%，但油价下跌总体上带来了积极影响。原材料和非必需消费品板块领涨该大盘指数，在好于预期的二手房销售数据公布后，房地产板块也为指数提供了提振。 伊朗外交部周一对媒体表示，伊朗已于周一停止对以色列的军事打击，但警告称，如果以色列军队继续在黎巴嫩的行动，伊朗将恢复攻击。数小时后，以色列总理本雅明·内塔尼亚胡表示，与伊朗和真主党的冲突“尚未结束”。 亚洲市场方面，日本日经225指数上涨逾2%，收于65，416.63点；韩国综合股价指数从周一暴跌中反弹，大涨8.18%，收于8，096.93点。香港恒生指数微涨0.15%，内地沪深300指数上涨1.87%，收于4，801.81点。澳大利亚基准S&P/ASX 200指数下跌0.24%，收于8，604.2点。欧股也录得上涨，斯托克600指数最新上涨0.5%。 OpenAI于周一晚些时候秘密提交了IPO申请，进一步提振了人工智能板块的热度。航天与人工智能领域的SpaceX将于周五上市，这将是史上规模最大的IPO。一些人认为此次发行将为人工智能驱动的牛市火上浇油，但部分投资者担心，该公司1.75万亿美元的估值也可能标志着这一趋势的顶点。 周二经济数据面，自美国总统唐...

费城半导体指数跌5.2%。热门股中，英伟达股价下跌2.73%，台积电股价下跌2.6%，博通股价下跌4.75%，美光科技股价下跌6.29%，超威半导体股价下跌6.37%，阿斯麦股价下跌1.18%，英特尔股价下跌6.01%，ARM股价下跌9.23%。迈威尔科技跌超11%，戴尔跌超7%，高通跌近9%。

Social Security, which provides benefits to more than 70 million retired workers and people with disabilities, faces increased pressure from last year’s One Big Beautiful Bill Act.

JasonDoiy Rivian Automotive ( RIVN ) began deliveries of the R2 mid-size electric SUV on Tuesday. Deliveries begin with R2 Performance with Launch Package (starting at $57,990) with R2 Premium configurations to follow in late 2026 and multiple R2 Standard configurations through 2027. Beginning today, R2 reservation holders will start to receive an invitation to configure and order in rolling batches. Customers will receive their invitation based on various factors, the primary factors being when the reservation was made and their delivery location. The R2 lineup will offer up to 656 horsepower, 0–60 mph in as quick as 3.6 seconds, while offering a Rivian-estimated range of up to 345 miles. Standard features will include a native NACS charging port and Autonomy+ hardware. "R2 embodies so many of our learnings that we have accumulated—the passion and attention to detail from our team is visible everywhere," highlighted Rivian ( RIVN ) CEO RJ Scaringe last month. In its review of the R2, Car and Driver said R2 is a fully competent electric SUV that should be a strong candidate to break the Tesla ( TSLA ) Model Y's stranglehold on the compact electric SUV segment. The Inside EVs website was even more impressed. "With an unparalleled blend of incredible performance, cutting-edge software, and off-road chops, the R2 is the do-everything machine I’ve always dreamed of," wrote Mack Hogan. For investors, Benchmark Capital sees the R2 launch as a positive for Rivian ( RIVN ). "We view the event as an important demand signal and proof point for manufacturing execution," updated analyst Mickey Legg. Shares of Rivian ( RIVN ) were down more than 7% in midday trading on Tuesday despite the R2 deliveries launch. More on Rivian Rivian: Wait For The R2 Launch Rivian Automotive, Inc. (RIVN) Presents at UBS Auto and Auto Tech Conference 2026 Transcript Rivian Automotive, Inc. (RIVN) Presents at 2026 Baird Global Consumer, Technology & Services Conference Transcript The NHTSA probes Ri...

Tverdohlib/iStock via Getty Images Under-followed stocks can be a great place to pick up bargains since bargain hunters can pick them up before the rest of the market catches wind. Such was the case with OUTFRONT Media ( OUT ), which I last covered in December 2025, highlighting its compelling value and pivot to digital formats. Since my last piece, OUT has delivered an outstanding 32% total return, far surpassing the 7% rise in the S&P 500 ( SPY ) over the same timeframe. Who says only tech stocks can give you eye-catching returns? At the current price of $30.59, OUT trades well below its recent high of $35 while carrying a reasonable P/FFO of 13.35 and a 3.9% dividend yield. In this article, I revisit OUT, including recent business results , and discuss why it remains attractive at present for income and potential gains, so let’s get started! Why OUT? OUTFRONT Media is one of the largest out-of-home media companies in the U.S. Its significant presence along highways and transit hubs connects brands with audiences as they go about their daily lives. In recent years, OUT has been leveraging data to improve digital capabilities and programmatic advertising. This has helped brands to better target their core demographic and measure responsiveness to ad campaigns. OUT continued to deliver strong momentum during Q1 2026, with consolidated revenue rising by 10% over the prior year period. This was driven by a 22% growth in transit revenue and 7% growth in billboard revenue, as shown below. Investor Presentation The billboard segment benefitted from strong demand across several advertiser categories, including legal services and technology. Notably, billboard yield, a key measure of asset productivity, rose by 11% to $2,900 per display. This reflects the pricing power of OUT’s billboard assets in key markets. At the same time, transit advertising remained the primary growth engine for OUT, with revenue rising by 22% YoY, as noted earlier. This was driven by exceptional pe...

Up 300%, Is AMD Stock Still a Buy? AOL.com

If benefits go down 22% in 2032 as predicted by the latest Trustees report, you need to know what that means for you.

OpenAI announced it plans on going public—while also saying it still needs privacy to get things done. The ChatGPT parent said on Monday night that it has recently submitted a confidential S-1 to the Securities and Exchange Commission. OpenAI added that it hasn’t decided on the timing of when it will officially go public and it “may be a while,” as there are “things we want to do that are likely easier as a private company.”

AMZN Intensifies AI Push With Latest Warehouse Robots: What's Ahead? The Globe and Mail

An American flag flies near the Ever Memo container ship at the Port of Los Angeles on May 28, 2026 in Los Angeles, California. Mario Tama | Getty Images Officials from the U.S. Customs and Border Protection agency head to a federal trade court on Tuesday to try to find a way t o refund tens of billions of dollars of tariffs that were collected and later deemed illegal by the Supreme Court. Judge Richard Eaton of the Court of International Trade in Manhattan has framed the hearing as a negotiating session to sort out what needs to be done to return the remaining chunk of the $166 billion in illegal tariffs. "All of the substantive law in this case has either been decided by the Supreme Court, or is the subject of settled law," Eaton wrote in a letter that appeared on the court docket on June 3. "All that remains are, what might be termed, settlement negotiations." The CBP has said that it has accepted and started processing claims for nearly $90 billion in refunds of what it estimates could be up to $127 billion in so-called Phase 1 refunds, which are the least-complicated cases. The CBP said in a June 4 court filing that $22 billion in refunds have been completed and sent to the Treasury Department for distribution to importers. The next phase involves more legally complicated and older, so-called liquidated tariffs. An importer typically pays an estimated tariff and around a year later the CBP finalizes the tariff amount, which is called liquidation. CBP has said it can only process liquidated tariffs in certain situations or if the importer sues. Smaller companies, which make up the vast bulk of importers, fear the cost of suing and the time and distraction involved might not be worth the effort to obtain a refund. Eaton wrote the June 3 letter in response to the government resisting his order that the CBP commissioner appear at Tuesday's hearing. The U.S. Court of Appeals for the Federal Circuit later temporarily stayed that order and Eaton agreed to allow CBP t...

Still hoping to meet ‘the one’? While you’re waiting, one dating expert says you should romance someone you’re not totally smitten with. It could be the start of something beautiful Name: Practice dates. Age: The term date – to mean romantic dating – was inadvertently coined by American columnist George Ade in 1896, when he described a “date book” used by a shop cashier to record all her meetings with suitors. Practice dating is a 2026 concept. Continue reading...

Key PointsThe Vanguard S&P 500 ETF (VOO) recently made history as the first ETF with $1 trillion of investor assets.

布伦特原油期货跌穿90美元/桶整数位心理关口，创4月17日以来新低，日内当前跌幅4.5%。

mbbirdy/E+ via Getty Images Wall Street’s major market averages hand back earlier gains and now trade lower on Tuesday as the tech space slides. The blue chip Dow ( DJI ) was -0.4%, the benchmark S&P 500 ( SP500 ) was -0.9%, and the tech focused Nasdaq Composite ( COMP:IND ) was -1.6%. Now, here are four news stories that broke in the morning to watch out for: China’s AI expansion: Beijing is preparing to spend $295 billion over the next five years to build a nationwide network of interconnected data center hubs aimed at accelerating domestic AI development. Key government bodies including the National Development and Reform Commission are drafting the blueprint, with state-owned operators such as China Mobile and China Telecom expected to run most of the new facilities. The plan reportedly targets at least 80% reliance on domestic suppliers including Huawei Technologies for key technologies like AI chips, reducing the role of U.S. companies such as Nvidia and Advanced Micro Devices. Silver price slump: Silver ( XAGUSD:CUR ) has come under significant pressure on Tuesday, extending a recent downturn and trading at $67.130/oz, down 3.5% on the day. The decline pushed the precious metal below its 200-day moving average for the first time since mid-April 2025, leaving prices on track for their lowest closing level since December 18. Silver has retreated sharply from its record high of $121.785/oz reached on January 29, falling approximately 45.5% from that peak. Housing data boost: Existing home sales rose 3.2% in May to a seasonally adjusted annual rate of 4.17 million units, significantly exceeding expectations for a gain of less than 1%. Sales of homes priced above $1 million increased 11%, underpinning gains in high-end furnishing stocks such as Arhaus, Williams-Sonoma, and RH. National Association of Realtors chief economist Lawrence Yun attributed the gain to improved affordability, noting that mortgage rates remain lower than a year ago and near the long-term hi...