Here are the biggest calls on Wall Street on Wednesday: Piper Sandler reiterates Tesla as overweight Piper said in a note on Wednesday that it found six reasons why Tesla has "solved the self-driving puzzle." "When it comes to the efficacy of Tesla's full self-driving (FSD) software, there's no shortage of skeptics. In meetings, clients frequently reference Waymo's greater robotaxi deployment numb...
Here are the biggest calls on Wall Street on Wednesday: Piper Sandler reiterates Tesla as overweight Piper said in a note on Wednesday that it found six reasons why Tesla has "solved the self-driving puzzle." "When it comes to the efficacy of Tesla's full self-driving (FSD) software, there's no shortage of skeptics. In meetings, clients frequently reference Waymo's greater robotaxi deployment numbers as a reason to doubt Tesla's readiness. The uncertainty is exacerbated by a lack of universally-accepted, directly comparable datasets that measure disengagments, crashes, or other metrics." Needham initiates Hyliion Holdings as buy Needham says the power plant solutions company is firing on all cylinders. "We initiate HYLN at Buy with a $9.00 target." Barclays upgrades Oscar Health to overweight from equal weight Barclays says the healthcare company's shares are compelling. "With single-line exposure to the Individual ACA market, we believe OSCR offers the most direct leverage to a potential multi-year multiple re-rating, alongside a margin recovery cycle as repricing actions take hold." Needham initiates Power Integration as buy Needham says the semis power conversion company is firing on all cylinders. "We are initiating coverage of Power Integrations with a Buy rating and a $90 price target..." Bernstein initiates Johnson Controls as outperform Bernstein says the company is in a "lean transformation." "We also like Johnson Controls and rate them Outperform; their lean transformation is showing strong results, and they're supported by strong chiller tailwinds near-term." Citi upgrades RenaissanceRe to buy from neutral Citi says it sees an increase in buyback activity. "We are upgrading the shares of RenaissanceRe to Buy. Why? In short, benign 2H catastrophe experience should increase buyback activity and book value growth, while adverse catastrophic experience could improve sentiment." Wells Fargo upgrades Cracker Barrel to overweight from equal weight Wells says the...
cunfek/E+ via Getty Images Bread Financial Holdings ( BFH ) reported improved credit performance metrics for the month ended May 31, 2026, characterized by year-over-year declines in both credit losses and delinquencies. The company's net principal loss rate fell to 6.98%, down from 7.97% in May 2025, with total net principal losses dropping to $108 million from $120 million. The decrease in losse...
cunfek/E+ via Getty Images Bread Financial Holdings ( BFH ) reported improved credit performance metrics for the month ended May 31, 2026, characterized by year-over-year declines in both credit losses and delinquencies. The company's net principal loss rate fell to 6.98%, down from 7.97% in May 2025, with total net principal losses dropping to $108 million from $120 million. The decrease in losses was partly due to delayed delinquency impacts from hurricanes in 2024. Portfolio quality also strengthened as the 30-day plus delinquency rate improved to 5.24% from 5.71% last year, bringing total delinquent principal down to $853 million. Regarding Bread Financial's loan portfolio, end-of-period loans rose to $18.36 billion from $17.70 billion, driving a 2.6% year-over-year expansion in average credit card and other loans to $18.17 billion. More on Bread Financial Holdings BRFNL: An 8.875% Fixed/Reset Rate Preferred IPO From Bread Financial Bread Financial Holdings, Inc. 2026 Q1 - Results - Earnings Call Presentation Bread Financial Holdings, Inc. (BFH) Q1 2026 Earnings Call Transcript Credit card delinquencies, charge-offs drop: April Credit Pulse 'Credit card spending is through the roof' - NEC's Hassett
For all of his influence at Anthropic PBC, co-founder and Chief Executive Officer Dario Amodei has just one direct report at the artificial intelligence company. That’s unusual in the technology sector, where many leaders are eliminating layers of management and widening spans of control. OpenAI CEO Sam Altman has around half a dozen direct reports, while Nvidia Corp. CEO Jensen Huang says he has ...
For all of his influence at Anthropic PBC, co-founder and Chief Executive Officer Dario Amodei has just one direct report at the artificial intelligence company. That’s unusual in the technology sector, where many leaders are eliminating layers of management and widening spans of control. OpenAI CEO Sam Altman has around half a dozen direct reports, while Nvidia Corp. CEO Jensen Huang says he has 60 people reporting to him . Anthropic is testing a different version of leadership, one where the CEO protects nearly all of his time for big-picture conversations, organizational culture, and giving input on research direction and strategy, rather than managing people in senior leadership roles. The company’s executive team reports instead to Dario’s sister, Anthropic President Daniela Amodei, who handles much of the company’s day-to-day operations and reports to Anthropic’s board. The only person Dario directly supervises is his chief of staff, Avital Balwit. “It’s incredibly freeing,” Dario told Bloomberg’s Emily Chang in an interview on The Circuit. “It lets me do all the things that I do much more easily than I would otherwise.” For Dario, a first-time startup founder and Princeton biophysics PhD who spent the early years of his career in the lab as a researcher, that often means philosophizing about artificial intelligence and what it means for humanity, both in companywide “vision quests” — employee meetings where he reflects on a wide range of subjects — and in lengthy public essays. “In many ways it’s a zoom-in versus zoom-out thing. It’s very hard to pay attention to the strategic picture if there's, like, a zillion things you have to handle tomorrow,” he said. “And so it often makes a lot of sense to separate those things from each other, so that you can do both of them well.” Dario was a vice president of research at OpenAI before leaving after disagreements with the ChatGPT maker’s leadership and co-founding Anthropic in 2021. He previously was a senior resear...
US launches strikes in retaliation for downing of US army helicopter, while White House source says deal could still be close The future of peace talks in the Middle East have been thrown into question after Iran’s foreign ministry said it needed to “reassess” its participation, while Donald Trump said Iran would have to “pay the price” after the two countries traded fire overnight, drawing neighb...
US launches strikes in retaliation for downing of US army helicopter, while White House source says deal could still be close The future of peace talks in the Middle East have been thrown into question after Iran’s foreign ministry said it needed to “reassess” its participation, while Donald Trump said Iran would have to “pay the price” after the two countries traded fire overnight, drawing neighbouring states back into an on-and-off war that has consumed the region since late February. The US launched strikes against Iran in the early hours of Wednesday morning in retaliation for what it said was Iran’s downing of a US army helicopter near the strait of Hormuz. Iran then launched a wave of retaliatory airstrikes claiming hits on US bases in Kuwait, Bahrain and Jordan. Continue reading...
RI’s Proprietary Fully Distributed, Infrastructure-Light Architecture Signals a Break from Traditional AI Models as Microsoft, NVIDIA, Alphabet, Meta Platforms, Palantir, OpenAI, Anthropic, xAI, Luma AI, Amazon, and Apple Continue Advancing Capital-Intensive AI Systems RI - Everything. Bothell, WA, June 10, 2026 (GLOBE NEWSWIRE) -- ReelTime Media, Inc. (OTCID:RLTR) today announced its support for ...
RI’s Proprietary Fully Distributed, Infrastructure-Light Architecture Signals a Break from Traditional AI Models as Microsoft, NVIDIA, Alphabet, Meta Platforms, Palantir, OpenAI, Anthropic, xAI, Luma AI, Amazon, and Apple Continue Advancing Capital-Intensive AI Systems RI - Everything. Bothell, WA, June 10, 2026 (GLOBE NEWSWIRE) -- ReelTime Media, Inc. (OTCID:RLTR) today announced its support for No Data Center in Monterey Park No Data Center in Monterey Park! and the community-led effort that h
Christian Lucas , one of the top executives at specialist technology investor Silver Lake , is back in the classroom as he and his firm seek an edge in age of artificial intelligence. The managing partner said during a panel discussion at the SuperReturn conference in Berlin that Silver Lake has an in-house team of educators on hand to bring its dealmakers up to speed on the rapidly-developing tec...
Christian Lucas , one of the top executives at specialist technology investor Silver Lake , is back in the classroom as he and his firm seek an edge in age of artificial intelligence. The managing partner said during a panel discussion at the SuperReturn conference in Berlin that Silver Lake has an in-house team of educators on hand to bring its dealmakers up to speed on the rapidly-developing technology. “We have 20 individuals who are our internal AI team, and who really have two missions,” he said on Wednesday. “One is to educate our colleagues in the GP, myself included, so we go to class, we go to university, and we learn more about AI.” Lucas said the second function of the team is to look at the companies in Silver Lake’s portfolio and apply their expertise on the technology. Silver Lake has around $114 billion in assets under management and committed capital. Picking Winners Likening the advent of AI to the start of the Internet era, Lucas acknowledged that it can be hard to predict which firms will emerge to dominate the space. “We’ve been humbled to know that it’s very difficult to predict who the winner is,” he said. “It changes all the time.” While AI has the potential to create more efficient businesses, the technology has emerged as an existential threat to the traditional software providers that have long been favored by private equity firms. A recent selloff in the software sector has led to fears that buyout firms are going to be stuck holding assets bought at rich valuations during the 2021 M&A boom. Lucas said that fundamentally good businesses can still be sold — it just might take a bit longer. It will be harder for those firms that are overexposed to the sector and didn’t properly scrutinize the companies they bought. “There’s no two ways around it,” he said. “The not so good companies are going to be more or less exposed.” Silver Lake has about 25% of its portfolio invested in software companies, Lucas said. Companies Need to Invest in AI to S...
Futures Slide Amid Renewed Tech Selling, Geopolitical Chaos Ahead Of Key CPI Print Markets continue to trade with a risk-off bias this morning, with equity futures and macro credit weaker, rates selling across the curve, as the USD and oil sensitive currencies outperform. It’s set to be another ugly day for US tech stocks as US equity futures slide ahead of today's CPI print which will see headlin...
Futures Slide Amid Renewed Tech Selling, Geopolitical Chaos Ahead Of Key CPI Print Markets continue to trade with a risk-off bias this morning, with equity futures and macro credit weaker, rates selling across the curve, as the USD and oil sensitive currencies outperform. It’s set to be another ugly day for US tech stocks as US equity futures slide ahead of today's CPI print which will see headline inflation rise above 4% for the first time in 3 years ( full preview here ). As of 8:00am Nasdaq 100 futures are down 1.5% versus losses of 1.0% for the S&P 500 contracts. Pre-market, Mag 7 are all lower with NVDA (-1.9%), TSLA (-1.6%) and MSFT (-1.3%) being the biggest underperformers. Oracle trades lower by 2.8% in the premarket ahead of its after-hours earnings, which could provide the next catalyst for the AI trade. Bond yields are 1-2bp higher across the curve amid hotter-than-expected Japan PPI print last night. Commodities are mixed: oil swung from losses to gains after Trump said Iran “will have to pay the price” for taking too long to negotiate a deal. The threat followed a round of retaliatory attacks between the two sides, with Tehran saying it’s reviewing the diplomatic process. Brent rose 1.7% to around $93 a barrel. Treasury yields climbed across the curve, with the 10-year rate up three basis points to 4.54%. The dollar held steady; precious metals are all lower. Geopolitical headlines remain volatile - Trump warning that "Iran will have to pay the price for taking too long" and threatening he is close to ordering new strikes - but this was unlikely to have triggered the rotation given 1) Oil & Rates traded lower yesterday; 2) Tech has been the escalation trade. US economic data calendar includes May CPI (8:30am) and federal budget balance (2pm) In premarket trading, Nvidia falls 2.4%, leading decliners among Magnificent Seven stocks, with technology and semiconductor firms set to extend losses (Apple -0.1%, Amazon -0.6%, Meta -0.9%, Alphabet -1.3%, Microso...
Fervo Energy ( FRVO ) said on Wednesday that it had named Sarah Jewett COO to oversee corporate operations and support the company's growth strategy. Jewett has served at Fervo since 2020, most recently leading strategy-related initiatives. Jewett brings prior operational experience from Schlumberger and corporate development experience from Select Energy Services. Shares -1.16%. More on Fervo Ene...
Fervo Energy ( FRVO ) said on Wednesday that it had named Sarah Jewett COO to oversee corporate operations and support the company's growth strategy. Jewett has served at Fervo since 2020, most recently leading strategy-related initiatives. Jewett brings prior operational experience from Schlumberger and corporate development experience from Select Energy Services. Shares -1.16%. More on Fervo Energy Company Fervo Energy: Energized From The Ground Fervo Energy IPO: Great Potential, But Maybe Not As Lucrative As Filings Suggest Fervo Energy Company Seeks IPO As Its Geothermal Buildout Ramps Fervo Energy faces transmission constraints, Jefferies analyst says Fervo Energy prices upsized $1.89B IPO at $27.00 a share
(RTTNews) - Canadian stocks are likely to open on a negative note on Wednesday amid rising tensions in the Middle East following fresh attacks by Iran and U.S. forces. Investors will also be reacting to the Bank of Canada's monetary policy announcement, due shortly after the open
(RTTNews) - Canadian stocks are likely to open on a negative note on Wednesday amid rising tensions in the Middle East following fresh attacks by Iran and U.S. forces. Investors will also be reacting to the Bank of Canada's monetary policy announcement, due shortly after the open
Chung Sung-Jun/Getty Images News North Korea is on track to significantly increase its ability to produce weapons-grade uranium, with a new enrichment facility at the Yongbyon nuclear complex expected to boost the country's uranium-enrichment capacity by roughly 75% once fully operational, The Wall Street Journal reported Wednesday. An analysis by London-based arms-control research group Vertic es...
Chung Sung-Jun/Getty Images News North Korea is on track to significantly increase its ability to produce weapons-grade uranium, with a new enrichment facility at the Yongbyon nuclear complex expected to boost the country's uranium-enrichment capacity by roughly 75% once fully operational, The Wall Street Journal reported Wednesday. An analysis by London-based arms-control research group Vertic estimates the facility could house more than 9,000 centrifuges capable of producing about 160 kilograms of highly enriched uranium annually. That would raise North Korea's estimated yearly output from about 215 kilograms to roughly 375 kilograms. The expansion underscores leader Kim Jong Un's determination to grow the country's nuclear arsenal despite years of sanctions and diplomatic pressure from the United States and its allies. The new plant is expected to become the largest publicly known uranium-enrichment facility in North Korea. For investors, the development highlights persistent geopolitical risks in Northeast Asia and suggests North Korea is unlikely to return to meaningful denuclearization talks in the near term. Rising regional tensions can influence defense spending, military procurement programs and investor sentiment toward companies exposed to Asian security dynamics. Independent estimates indicate North Korea possesses about 60 nuclear warheads and enough fissile material to produce dozens more. Analysts say the country's growing uranium stockpile could support a substantially larger arsenal in the coming years. Kim recently toured the new facility, which sits within the Yongbyon complex, a centerpiece of North Korea's nuclear program. State media images showed rows of centrifuges and highlighted plans to further increase production of weapons-grade nuclear material. Researchers used satellite imagery, facility measurements and historical centrifuge performance data to estimate the plant's capacity. Construction appears to have begun in late 2024 and progres...