You won't have to look hard to find reasons to be pessimistic about the stock market's prospects. Inflation is rising. Some experts warn that Iran's disruption of traffic flowing through the critical Strait of Hormuz could lead to even higher oil prices in the coming months. Stock valuations are at record highs. But many of Wall Street's smartest contrarians use an indicator that's flashing bright...
You won't have to look hard to find reasons to be pessimistic about the stock market's prospects. Inflation is rising. Some experts warn that Iran's disruption of traffic flowing through the critical Strait of Hormuz could lead to even higher oil prices in the coming months. Stock valuations are at record highs. But many of Wall Street's smartest contrarians use an indicator that's flashing brightly. And this indicator could mean that right now is a great time to buy stocks. Image source: Getty Images. Continue reading
STORY: Google parent Alphabet said Monday it is looking to raise $80 billion in equity offerings in its push to fund a costly expansion of its AI infrastructure. That includes a $10 billion investment from Berkshire Hathaway. The deal positions Warren Buffett's company as a major investor, adding a high-profile endorsement of Alphabet's long-term AI and cloud strategy. Berkshire will take $10 bill...
STORY: Google parent Alphabet said Monday it is looking to raise $80 billion in equity offerings in its push to fund a costly expansion of its AI infrastructure. That includes a $10 billion investment from Berkshire Hathaway. The deal positions Warren Buffett's company as a major investor, adding a high-profile endorsement of Alphabet's long-term AI and cloud strategy. Berkshire will take $10 billion of shares in a private placement, adding to the position it has built since the third quarter of last year. Last month, the investment giant said it more than tripled its stake in the Google operator, which at nearly $17 billion has become one of its largest common stock investments. One analyst said the additional purchase underscores that Berkshire believes Alphabet will earn a reasonable return on its AI spending.
FotografiaBasica Philip Morris International ( PM ) on Tuesday cut its 2026 full-year reported diluted EPS guidance to a range of $7.18 to $7.33, down from its prior outlook. The revision accounts for a $500M non-cash impairment charge at its Canadian affiliate and an updated currency forecast driven by a stronger Russian ruble. Excluding a total 2026 adjustment of $1.13 per share, the forecast ra...
FotografiaBasica Philip Morris International ( PM ) on Tuesday cut its 2026 full-year reported diluted EPS guidance to a range of $7.18 to $7.33, down from its prior outlook. The revision accounts for a $500M non-cash impairment charge at its Canadian affiliate and an updated currency forecast driven by a stronger Russian ruble. Excluding a total 2026 adjustment of $1.13 per share, the forecast range for adjusted diluted EPS of $8.31 to $8.46 represents a projected increase of 10.2% to 12.2% versus $7.54 in 2025. Analysts currently expect EPS of $ 8.41 for the year, on revenue of $43.50B. Excluding a favorable currency impact, at prevailing exchange rates, of $0.20 per share, this represents growth of 7.5% to 9.5%, the tobacco giant said . Canada writedown: PMI's Canadian affiliate, RBH, updated its five-year financial projections in May 2026 to reflect tougher industry dynamics. As a result, PMI expects to record a non-cash impairment charge of roughly $500M, or $0.33 per diluted share, in Q2 2026. RBH remains deconsolidated from the PMI group, with its remaining carrying value estimated at less than $100M. Additionally, driven by a stronger Russian ruble, unrealized transactional forex effects from deferred tax liabilities will impact Q2. As a result, Philip Morris ( PM ) updated its Q2 adjusted diluted EPS forecast to $1.97–$2.02, factoring in a 3-cent unfavorable currency headwind. More on Philip Morris Philip Morris: The Pullback Is A Gift For Long-Term Investors Philip Morris International Inc. (PM) Shareholder/Analyst Call - Slideshow Philip Morris: Room To Run Toward Fair Value Philip Morris names Massimo Andolina as group CFO Broyhill Asset Management adds Microsoft, trims Philip Morris International among Q1 moves
A viral video showing a basketball coach forcing a pupil to slap himself in front of others at a Hong Kong school has sparked concern from a child protection group, which warns the act could cause physical injury and emotional harm. In a video circulating on social media platform Threads on Tuesday, three men in white T-shirts are seen standing around a boy on a school playground in broad daylight...
A viral video showing a basketball coach forcing a pupil to slap himself in front of others at a Hong Kong school has sparked concern from a child protection group, which warns the act could cause physical injury and emotional harm. In a video circulating on social media platform Threads on Tuesday, three men in white T-shirts are seen standing around a boy on a school playground in broad daylight, surrounded by other students wearing basketball jerseys. The man in the middle first takes a...
Cathie Wood's ARK Invest boosted its exposure to Nvidia ( NVDA ) while reducing its stake in Advanced Micro Devices ( AMD ), according to the firm's latest daily trade disclosure. ARK's largest transaction on June 1 was the purchase of Nvidia shares across multiple exchange-traded funds, while AMD was a consistent source of selling activity. ARK purchased a total of 300,017 Nvidia shares across fi...
Cathie Wood's ARK Invest boosted its exposure to Nvidia ( NVDA ) while reducing its stake in Advanced Micro Devices ( AMD ), according to the firm's latest daily trade disclosure. ARK's largest transaction on June 1 was the purchase of Nvidia shares across multiple exchange-traded funds, while AMD was a consistent source of selling activity. ARK purchased a total of 300,017 Nvidia shares across five ETFs: ARK Fintech Innovation ETF ( ARKF ): Bought 18,751 NVDA shares ARK Innovation ETF ( ARKK ): Bought 161,997 NVDA shares ARK Autonomous Technology & Robotics ETF ( ARKQ ): Bought 53,272 NVDA shares ARK Next Generation Internet ETF ( ARKW ): Bought 41,536 NVDA shares ARK Space Exploration & Innovation ETF ( ARKX ): Bought 24,461 NVDA shares At the same time, ARK sold 110,207 AMD shares across the same funds: ARK Fintech Innovation ETF ( ARKF ): Sold 8,108 AMD shares ARK Innovation ETF ( ARKK ): Sold 63,013 AMD shares ARK Autonomous Technology & Robotics ETF ( ARKQ ): Sold 11,515 AMD shares ARK Next Generation Internet ETF ( ARKW ): Sold 23,340 AMD shares ARK Space Exploration & Innovation ETF ( ARKX ): Sold 4,231 AMD shares While ARK did not disclose the rationale behind the trades, the moves came as Nvidia unveiled its new AI PC platform and may signal stronger conviction in Nvidia's expanding AI ecosystem, while locking in gains from AMD's 138% year-to-date rally. Nvidia ( NVDA ) rose +6.26% on Monday, bringing its YTD gain to +20.3%. Meanwhile, AMD fell -1% as Nvidia's entry adds a new competitor to a market long dominated by the company’s x86-based processors. Separately, ARK Invest also added to newly listed Cerebras Systems ( CBRS ), purchasing 49,881 shares in the ARK Innovation ETF ( ARKK ) and 12,788 shares in the ARK Next Generation Internet ETF ( ARKW ). More on Nvidia, AMD, etc. Wall Street Lunch: Nvidia Unveils New AI Chips, Partnerships At Computex In Taiwan Nvidia's Next Wave Could Be Even Bigger Nvidia: Subsidization Of Sovereign AI Backed By Washingto...
Cathie Wood's ARK Invest boosted its exposure to Nvidia ( NVDA ) while reducing its stake in Advanced Micro Devices ( AMD ), according to the firm's latest daily trade disclosure. ARK's largest transaction on June 1 was the purchase of Nvidia shares across multiple exchange-traded funds, while AMD was a consistent source of selling activity. ARK purchased a total of 300,017 Nvidia shares across fi...
Cathie Wood's ARK Invest boosted its exposure to Nvidia ( NVDA ) while reducing its stake in Advanced Micro Devices ( AMD ), according to the firm's latest daily trade disclosure. ARK's largest transaction on June 1 was the purchase of Nvidia shares across multiple exchange-traded funds, while AMD was a consistent source of selling activity. ARK purchased a total of 300,017 Nvidia shares across five ETFs: ARK Fintech Innovation ETF ( ARKF ): Bought 18,751 NVDA shares ARK Innovation ETF ( ARKK ): Bought 161,997 NVDA shares ARK Autonomous Technology & Robotics ETF ( ARKQ ): Bought 53,272 NVDA shares ARK Next Generation Internet ETF ( ARKW ): Bought 41,536 NVDA shares ARK Space Exploration & Innovation ETF ( ARKX ): Bought 24,461 NVDA shares At the same time, ARK sold 110,207 AMD shares across the same funds: ARK Fintech Innovation ETF ( ARKF ): Sold 8,108 AMD shares ARK Innovation ETF ( ARKK ): Sold 63,013 AMD shares ARK Autonomous Technology & Robotics ETF ( ARKQ ): Sold 11,515 AMD shares ARK Next Generation Internet ETF ( ARKW ): Sold 23,340 AMD shares ARK Space Exploration & Innovation ETF ( ARKX ): Sold 4,231 AMD shares While ARK did not disclose the rationale behind the trades, the moves came as Nvidia unveiled its new AI PC platform and may signal stronger conviction in Nvidia's expanding AI ecosystem, while locking in gains from AMD's 138% year-to-date rally. Nvidia ( NVDA ) rose +6.26% on Monday, bringing its YTD gain to +20.3%. Meanwhile, AMD fell -1% as Nvidia's entry adds a new competitor to a market long dominated by the company’s x86-based processors. Separately, ARK Invest also added to newly listed Cerebras Systems ( CBRS ), purchasing 49,881 shares in the ARK Innovation ETF ( ARKK ) and 12,788 shares in the ARK Next Generation Internet ETF ( ARKW ). More on Nvidia, AMD, etc. Wall Street Lunch: Nvidia Unveils New AI Chips, Partnerships At Computex In Taiwan Nvidia's Next Wave Could Be Even Bigger Nvidia: Subsidization Of Sovereign AI Backed By Washingto...
(RTTNews) - Intel (INTC) unveiled new innovations that address customers' chip-to-systems-level AI needs with solutions tailored to address their specific industry challenges, including: New rackscale AI infrastructure; Agentic Cloud Offering for Disaggregated Inference; Deep ind
(RTTNews) - Intel (INTC) unveiled new innovations that address customers' chip-to-systems-level AI needs with solutions tailored to address their specific industry challenges, including: New rackscale AI infrastructure; Agentic Cloud Offering for Disaggregated Inference; Deep ind