Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. What Joe is thinking about today By the time you are reading this, Tracy and I will have interviewed Henry He, the CFO of Baidu at the Bloomberg Invest Hong Kong conference . But as of the time that I’m writing this, I’m prepping for that interview, and so I have CFOs on the brain. Nonetheless, there’s probably reason to believe that the role of CFO (at a wide range of companies) will be more crucial than ever. If you think back a decade or more, you might not have thought much about CFOs, particularly outside of the major banks. In fact, the only time I can remember a big CFO hire making waves was when the company now known as Alphabet (then known as Google) hired Ruth Porat from Morgan Stanley in 2015. Incidentally, Porat is now Alphabet’s CIO. At the time, I think the perception was that Google had more money than it could ever know what to do with, and so a lot was probably being spent wastefully, and someone from the Wall Street world might do some good by imposing a little discipline around the place. Other than that, I can’t recall a time when a CFO move got so much attention. I bet that’s about to change, or (at a minimum) the CFO’s role will be perceived as being more strategically crucial to the success of a company. There are a few reasons for this. For one, there are a handful of companies that really have to make a handful of costly and risky bets right now. Most obviously among them are the hyperscalers and frontier AI labs, whose capex numbers are ...

Remember Bill Gross? The financial media still quotes him here and there. Otherwise, he's kicking around on X, tweeting a bit, looking (and flailing) to stay relevant.

Cross-border logistics provider AMZ Shipper has completed a service structure adjustment in June 2026, focusing on three key areas: LCL shipping timelines, customer service responsiveness, and pricing transparency for FBA pre-processing services. ...

How much should affluent investors spend now versus preserve for later, or for heirs? Motley Fool personal finance expert Robert Brokamp explores Bill Perkins' provocative "richest person in the graveyard" challenge and how disciplined financial planning can refine it. Watch the video below to learn more. *This video was published on Jun. 9, 2026. Continue reading

Pacific Investment Management Co. is warning that the “credit loss cycle is upon us” as heavy spending on artificial intelligence could widen economic outcomes and hit lower-quality borrowers. Pimco’s Richard Clarida , Andrew Balls and Daniel Ivascyn said in the firm’s latest annual secular outlook report that “the default cycle is reasserting itself, and we expect significantly higher losses in lower-quality credit such as leveraged and private direct lending.” Pimco, which manages $2.3 trillion in assets, said the AI buildout could widen the range of economic outcomes over the next five years while leaving weaker and more heavily leveraged borrowers more exposed. High-grade credit spreads — the extra yield investors demand over US Treasuries to hold highly rated corporate debt — remain near their lowest levels in almost three decades. Demand for riskier debt has also held up despite a recent global bond selloff, as higher yields draw buyers. Pimco said that backdrop clashes with “elevated secular uncertainty,” and “we interpret this as complacency rather than strength.” The firm also pointed to “increased instances of maturity extensions and payment-in-kind structures that allow borrowers to repay debt with more debt,” a trend it said suggests “a more genuine default cycle is now unfolding, and investors should not expect past patterns of rapid recovery to repeat with the same reliability.” Pimco said one effect of the AI boom could be lower wage pressure and higher productivity, which it described as “a powerful disinflationary force, but geopolitical shocks and supply chain reconfiguration will likely put upward pressure on prices.” Against that backdrop, Pimco said “central banks will do what it takes to keep inflation expectations anchored over the next five years,” and that “for this reason, sovereign bonds offer income plus the potential for capital gains in a future downturn.” The authors also noted that the “historical frequency of US recessions over five-...

「AI 实习生，正式上岗了。」 不久前，阿里正式推出 QoderWork ，根据原本的 Qoder 代码 Agent 能力，整体扩展到日常办公场景之后的产物。它的核心诉求只有一个， 那就是桌面 AI 不应该停留在「回答问题」，而应该开始「完成工作」。 （图源： QoderWork） 这听起来很耳熟，腾讯的 Mavis、月之暗面的 KimiWork，第三方大神做的 DeepSeek GUI 等等，其实做的都是同一件事——「干翻 Codex」。 QoderWork 主打的东西也是很熟悉了，文件整理、数据分析、文档生成、研究整合、浏览器自动化，全包。 当然，相比起 Codex，这类 Agent 最大的优势自然是接地气， QoderWork 底层模型跑的是千问，目前 Qwen 3.7 Max 限时 15 天免费使用，还是非常良心的。 其实呢，这两个月时间「桌面 AI Agent」这个词已经被说烂了，都说要把自己这能干活，但到底是不是呢？以下是雷科技体验完 QoderWork 后的结论。 QoderWork 长得就不像聊天机器人，这很重要 QoderWork 和大多数 AI 工具的使用方式差别比较大，比如千问的网页端，一般都是你问一句，它答一句，记录在聊天记录里。QoderWork 的逻辑是任务， 你发起一个目标，它把这个目标拆成若干执行步骤，跑完之后把产物落成文件，任务全程保留在任务列表里，可以回溯、可以继续、可以监控——跟悟空更像一些。 听起来这好像也没什么区别，但实际上差别还挺大的。以我们这次实测的某个任务为例，任务模式下，「苹果 WWDC2026 文章」「雷科技商务介绍 PPT」「IFA 2026 专题网页」都作为项目挂在左侧列表，点进去可以查看执行步骤、查看产物文件，也可以在原来的对话里继续调整。 如果只是 AI 聊天，那聊完就算了，你得到了一些回答，仅此而已。 （图源：雷科技制图） QoderWork 的右边设计了「任务监控」区域，它会显示待办步骤、最终文件、工作文件，以及调用过的技能和 MCP 能力。在第一轮文章任务里，任务监控列出了 「研究雷科技写作风格-搜集 WWDC 2026 信息-提出选题角度并选定方向-撰写完整文章-生成 Word 文档」这整条执行链路。 至少能让用户大概知道 AI 在每个阶段干了什么。 （图源：雷科技制图） 功能层面，QoderWor...

PM Images/DigitalVision via Getty Images The DFA Dimensional US Small Cap Value ETF ( DFSV ) occupies an interesting position within the small-cap ETF universe. Actively managed and implementing an investment process largely based on the academic work of Eugene Fama and Kenneth French, the fund places an emphasis on stocks with strong value and profitability characteristics. As a result, DFSV offers a broadly diversified portfolio of more than 1,000 holdings within the small-cap value space. My investment thesis is the following: Given DFSV’s active investment methodology, reasonable expense ratio, and attractive valuation profile, I view the fund as a compelling option for investors seeking small-cap value exposure. While the fund’s relatively short track record and middling risk-adjusted performance (when compared to other small-cap value funds) warrant some caution, its emphasis on value, profitability, and financial sector exposure makes the fund well-positioned in the current environment. In particular, given the rising probabilities in interest rate increases, I think DFSV is better positioned than many other small-cap value ETFs going forward. For these reasons, I currently assign a ‘Buy’ rating to DFSV. Fund Overview The DFA Dimensional US Small Cap Value ETF is an actively managed fund issued by Dimensional (the advisor). According to the Fund’s website , “[t]he investment objective of the Dimensional US Small Cap Value ETF is to achieve long-term capital appreciation.” The fund has an inception date of February 23 rd , 2022, providing investors with only a small window of observable fund management and performance. However, the fund’s strategy itself is not new, with a similar mutual fund variant from Dimensional available ( DFSVX ), providing a longer track record. As of June 9 th , 2026, the fund has $7.7 billion in AUM. In this article, I compare DFSV to a number of small-cap and small-cap value funds (both active and passive). These funds include the V...

格隆汇6月10日｜美国对冲基金ExodusPoint筹资20亿美元，阿布扎比投资公司(ADIC)为投资方之一。

格隆汇6月10日｜俄罗斯央行：分析师预计2026年GDP增长0.7%。

Micron selects Bechtel for New York chip facility construction Investing.com

Dodge & Cox Fund, an investment management company, released its first-quarter 2026 investor letter for “Dodge and Cox Stock Fund”. A copy of the letter is available to download here. U.S. equities declined broadly in Q1 2026, with the S&P 500 falling 4.3% amid inflation concerns fueled by the conflict in Iran and disruptions in […]

Microsoft Corporation (MSFT): Valuation Gap Signals Opportunity? Yahoo Finance

Microsoft Corporation (MSFT): Valuation Gap Signals Opportunity? Yahoo Finance UK

Aduro Clean Technologies ( ADUR ) on Wednesday announced an underwritten U.S . and Canadian public offering of 1.03M common shares at a price of $15.20 (C$21.20) per common share for gross proceeds to the company, under the public offering, of $15.63M. It has also announced a concurrent non-brokered private placement of up to 471,698 common shares at the offering price per common share for gross proceeds to the company, under the LIFE offering, of up to $7.16M for aggregate gross proceeds of up to $22.8M. ADUR -7.1% at $15.68 premarket. Aduro intends to use the net proceeds for expenditures related to the design, engineering, and construction of first-of-a-kind demonstration-scale industrial plant, ongoing research and development costs and the remainder for general corporate purposes and working capital. The public offering is expected to close on or about June 11. More on Aduro Clean Technologies Inc. Historical earnings data for Aduro Clean Technologies Inc. Financial information for Aduro Clean Technologies Inc.

专题：美国5月CPI同比涨幅三年来首次突破4% 高涨的汽油价格预计将再度对整体通胀产生巨大拉动作用。 美国劳工统计局最新数据显示，5 月美国通胀同比攀升至 4.2%，创下三年新高，凸显高能源价格正在全美经济中层层传导。 最新居民消费价格指数（CPI）数据显示，受美以联军与伊朗冲突影响，5 月物价环比上涨 0.5%，能源涨价贡献了当月全部物价涨幅的 60%。 食品整体价格与商超生鲜杂货价格涨势较 4 月明显放缓，分别环比上涨 0.2%、0.1%；4 月二者涨幅曾达 0.5%、0.7%。 金融数据机构 FactSet 的经济学家此前预期，5 月物价环比上涨 0.5%，通胀同比从 4 月的 3.8% 升至 4.2%，本次数据完全符合市场预期。 美国即将迎来中期选举，5 月通胀数据加剧了民众生活成本负担的担忧，也让市场重新聚焦特朗普总统此前许下的降物价承诺。 这份 5 月通胀报告是凯文・沃什接替杰罗姆・鲍威尔、宣誓就任美联储主席后的首份通胀数据。当前通胀走势背离政策目标，劳动力市场依旧韧性十足，经济学家预判美联储将维持利率不变，甚至不排除重启加息。 剔除波动剧烈的食品与能源后，核心通胀内在涨势相对温和。市场高度关注的核心 CPI 环比仅上涨 0.2%，低于预期，同比涨幅 2.9%。 整体物价环比涨幅虽不及 3 月、4 月，但近三个月物价加速上行的幅度，是 2022 年 4—6 月以来最强。2022 年那段时期，美国通胀正不断冲高至 41 年历史峰值。 此番通胀反弹令人不安，但经济学家表示，本轮通胀峰值不会像上一轮那般极端：机构当前预测今年 CPI 高点区间在 4.5% 至 5%，远低于此前 9.1% 的峰值。 即便如此，本次能源冲击再度加剧物价上行压力，叠加美国持续五年 高通 胀的累积影响，民众生活成本负担持续加重，普通美国人的收支压力进一步扩大。 物价涨幅已经超过居民薪资增速，二者缺口还在持续扩大：经通胀调整后的实际工资同比连续第二个月下滑，同比降幅从 4 月的 0.3% 扩大至 0.7%。 实际收入缩水将持续削弱美国民众购买力，而居民消费是美国经济增长的核心引擎，消费走弱或拖累整体经济。 通胀数据公布后，美股股指期货跌幅收窄：标普 500 股指期货此前下跌 0.75%，数据发布后跌幅收至 0.45%；美国国债收益率基本持平。 责任编辑：郭明煜

格隆汇6月10日｜哥伦比亚调查与指控委员会声明称，已暂停佩特罗总统的职务，直至6月21日。

Peter Pan, Christopher Robin and Alice in Wonderland … being the star of a classic story might seem like a dream, but there’s a dark side, argues the author of The Children I’d loved the children for years before discovering they were real . I can almost summon the magic I felt when I first saw the photographs that proved it: the little boy clad in an approximation of hunters’ skins, posing victorious. The dark-haired girl with the offset gaze, her interior expression that of a person just growing used to being looked at. And – this is the one that really kills me – the big-eyed, dimple-chinned seven-year-old in a soft sweater and tenderly mummish haircut, clutching the teddy bear that would end up even more famous than he would. Continue reading...

(Bloomberg) -- Microsoft Corp. co-founder Bill Gates arrived at the US Capitol complex Wednesday for closed-door testimony to the House Committee investigating the late financier Jeffrey Epstein.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets WrapStocks Fall as US-Iran Tensions Offset

AI Monetization Timelines Weighed on Microsoft Corporation (MSFT) in Q1 Insider Monkey

Oki Tri Suswanto/iStock via Getty Images It’s been over three years since I wrote an article on Ribbon Communications ( RBBN ), so I thought it would be a good time to revisit it to see how its financials progressed and what is in store in terms of its outlook. Its share price went nowhere in those three years compared to the SPY's ( SPY ) 78% increase. There is a world where the company’s operations benefit from the current AI data center buildout, but it is likely far-fetched at this point, as there are many other bigger competitors that may grab the market share, as they have in the past. However, I am going to monitor the company more closely now. It is not a buy still. I maintain a hold rating. Financial performance RBBN’s top-line performance over the last three years has been quite choppy. It seemed to peak in the third quarter of 2025, and since then, it has declined considerably . The latest quarter shows us that the company’s product revenue is down around 17% y/y, while its service revenue is down around 5%. The 17% decline in the company’s product revenue was primarily driven by weaker hardware and license demand from service-provider customers, especially smaller US and European providers, as well as the project-based slowdown in IP optical deployments. The services’ 5% decline can be mainly attributed to lower professional services activity and the expiry of a high-margin European maintenance contract, according to the latest conference call. Seeking Alpha The company’s profitability and efficiency have been somewhat of a mixed bag over the last three years. In the latest quarters, these have come down quite a bit compared to where they used to be in Q3 ’25. These declines can be attributed to the revenue mix shifting away from high-margin services and Cloud & Edge products toward lower-margin IP optical deployments. Also, as I mentioned earlier, a large European maintenance contract is gone, which has put quite a bit of downward pressure on RBBN’s pro...

LBBW Aktien Deutschland (848465.DE) 最新股票消息和頭條新聞 Yahoo 財經

专题：美国5月CPI同比涨幅三年来首次突破4% 受伊朗局势持续影响，美国5月通胀率三年来首次突破4%，民众面临的通胀压力远未结束。 美国劳工部数据显示，截至5月的过去一年里，居民消费价格指数（CPI）同比上涨4.2%，高于4月的3.8%。 本月物价涨幅主要再度由能源价格推高。受伊朗冲突扰乱霍尔木兹海峡石油运输影响，今年1月以来美国汽油价格累计大涨约50%，5月单月涨幅达7.0%。这也是冲突连续第三个月明显推高美国民众的用油成本。 剔除波动较大的食品和能源品类、更能反映核心物价走势的核心通胀率同比上涨2.9%，符合市场经济学家预期。 这也是自2023年5月以来，美国通胀率首次重回4%及以上区间。此前美国通胀从疫情期间近40年新高（涨幅超9%）逐步回落，但始终未能降至疫情前水平。 即便本轮通胀反弹只是短期现象，也将给白宫带来严峻的政治考验。白宫此前一直将压低物价作为其经济政绩的核心抓手。 物价上涨的影响已体现在日常消费中：能源成本与关税推高食品杂货价格，生鲜农产品、牛肉等品类涨幅尤为明显，且短期内暂无回落迹象。包含住房成本在内的服务类通胀持续高于3%，这意味着物价压力的成因并不仅限于关税和能源。 这份偏高的通胀数据，也将成为新任美联储主席凯文・沃什上任后的首轮考验，他将于下周主持首次货币政策会议。 分析人士表示，人工智能数据中心的建设热潮也在催生新的通胀压力，推高半导体及消费电子产品价格，这一影响或将持续至明年。投资机构埃弗科里国际战略集团的克里希纳・古哈在本周研报中写道：“当前三重通胀压力叠加交织，分别来自关税、油价以及人工智能领域的资本开支。” 经济学家担忧，若通胀再度飙升，美国民众可能会形成“高物价将长期常态化”的认知。这种观念一旦普遍蔓延，便会形成自我强化效应：劳动者要求大幅涨薪，企业也会在成本实际上涨前提前提价。 美国通胀率已连续五年高于美联储设定的2%目标。此前物价尚未完全回归正常区间，叠加去年关税政策、今年伊朗冲突等一系列外部冲击，通胀再度抬头，进一步加剧了物价居高不下的风险。 密歇根大学消费者调查中心主任乔安妮・许在近期采访中表示：“我们始终没能完成通胀回落的完整周期。这就好比服用抗生素时半途停药，症状看似好转，实则并未彻底根除问题。” 会计师事务所罗思国际首席经济学家乔・布鲁苏埃尔预计通胀将继续上行。他在这份数据周三发布前表示：“受能源、运输、食品及化...

How AMD Is Mimicking Nvidia’s Circular Funding Deals Barron's

AMD stock was slipping Wednesday. The chip maker is following in Nvidia's footsteps by investing in a neocloud company.

AUR 8-K及美國證券交易委員會申報文件 Yahoo 財經

Drones are becoming more important for defense and national security, and these two companies should be on investors' radar.

Key PointsThe Ukraine-Russia conflict has highlighted the effectiveness of drones in modern warfare.

Read Steven Cress' Article on Seeking Alpha Explore Alpha Picks Today! Sign Up for the new Quant Growth & Income Portfolio! This video's transcript was generated by a third party. It is not curated or reviewed and is provided for convenience and information purposes only. The accuracy and completeness of the transcript are not guaranteed. Nicole Benjamin : Hey everybody. It's Nicole Benjamin, your host here at Seeking Alpha to bring to you another episode of The Weekly Grade with Steven Cress, where we're bringing to you market insights in minutes. Now, joining us for today's episode is none other than VP of Quantitative Strategy, Steven Cress here at Seeking Alpha. He's known for a lot of the wonderful and amazing products we have on-site, our Alpha Picks portfolio, our PRO Quant Portfolio, and our newest portfolio, the Quant Growth & Income Portfolio. Thank you so much, Steve, for joining us today. Steven Cress : Thank you so much for organizing this. It's a pleasure to be here. NB : Absolutely. Now, I want to jump right in. We've been talking about all the cool things that we have here on the site. So, in your latest article, you're discussing just a sneak peek inside the Quant Growth & Income Portfolio. So, for investors who are trying to shield their portfolios from inflation and high interest rates, what is the core data driven strategy behind this latest model? SC : So, as you mentioned, we do have some really successful products with Alpha Picks and with the PRO Quant Portfolio. They have achieved amazing results over the last four years and over the last year. However, those would not necessarily be appropriate for somebody who's just looking for income. And that's the really distinction with the Quant Growth & Income product compared to the other two products. With the Quant Growth & Income, every single stock pays a dividend. So, for individuals that are interested in capital appreciation and income, the Quant Growth & Income product would suit their need...

OneMedNet ( ONMD ) announced on Wednesday that it secured over $3M in 2026 bookings, surpassing its total bookings for all of 2025. The company expects to convert substantially all of these bookings into revenue by the end of Q3 2026. Demand was driven by new and existing customers using its iRWD™ platform for AI and regulatory applications. Management expects strong momentum in the second half of 2026, supported by a growing pipeline and new strategic partnerships. Source: Press Release More on OneMedNet Financial information for OneMedNet

格隆汇6月10日｜纽约时报分析指出，美国消费者持续受到食品价格上涨的困扰，尤其是那些计划举办夏季烧烤聚会的消费者。牛肉馅的价格比去年上涨了12.1%，法兰克福香肠的价格上涨了7.7%。生菜和西红柿的价格也比去年高出许多。鸡蛋价格注定会在中期竞选活动中被提及，尽管5月份上涨了4%，但与去年同期相比，鸡蛋价格下降了35%以上。其他商品的价格走势则较为复杂，难以判断关税究竟在哪些方面仍在发挥作用。过去几个月，家居用品价格持续下跌，同比仅上涨2.4%；而服装价格则持续上涨，同比上涨4.8%。包括处方药在内的医疗保健用品价格同比下降1.8%。