The rally in US stocks stalled before the bell on Wednesday as investors worried about the continued strain on a fragile ceasefire agreement between the US and Iran. Contracts on the S&P 500 Index declined 0.2% , putting the gauge on track to snap a winning streak that currently ties the longest since 1995. Meanwhile, futures for the technology-heavy Nasdaq 100 Index were 0.1% higher as a rally in...
The rally in US stocks stalled before the bell on Wednesday as investors worried about the continued strain on a fragile ceasefire agreement between the US and Iran. Contracts on the S&P 500 Index declined 0.2% , putting the gauge on track to snap a winning streak that currently ties the longest since 1995. Meanwhile, futures for the technology-heavy Nasdaq 100 Index were 0.1% higher as a rally in semiconductor stocks continued. Brent crude advanced 2.8% to $ 96 . “Markets continue to ebb and flow in step with Middle East developments,” said Russ Mould , investment director at AJ Bell. The US and Iran clashed again overnight in one of the most serious flareups since the ceasefire came into effect. Kuwait and Bahrain were caught in the crossfire, with the Islamic Republic targeting the US’s main naval base in the region, located in Bahrain, and the Ali Al-Salem airbase in Kuwait. At least one person was killed in a separate strike at Kuwait’s civilian airport. A key theme this week has been rising tensions between Washington and Tehran as the two sides talk about an interim peace deal. Israel’s escalating attacks in Lebanon has complicated matters, with President Donald Trump confirming that he swore at Israeli Prime Minister Benjamin Netanyahu on a call this week as he tried to de-escalate the hostilities. “It is unclear if talks to end the war and reopen the Strait are ongoing, but the latest developments suggest that investors may have been too quick to price in the impact from last week’s promised Memorandum of Understanding between Iran and the US,” said Kathleen Brooks , research director at XTB. Outside of the Middle East, investors are keeping an eye on the remaining slate of economic data due this week, particularly on labor. Initial jobless claims will be released on Thursday and the monthly employment report for May is due Friday. “Looking ahead, attention will increasingly turn toward incoming economic data, particularly US labour market figures, as inves...
(RTTNews) - A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. jumped by slightly more than expected in the month of May.
(RTTNews) - A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. jumped by slightly more than expected in the month of May.
格隆汇6月3日｜由于赎回压力加剧，Partners Group Holding AG正在对旗下一只常青型私募股权基金实施赎回限制。此前冲击私募信贷产品的投资者焦虑情绪，显示出蔓延至私募市场其他资产类别的迹象。这家瑞士公司是欧洲最大的上市另类资产管理公司之一。该公司表示，其规模86亿美元的Global Value SICAV基金将把赎回额度限制在每季度基金净资产值的5%。该基金在第二季度收到的赎回申...
格隆汇6月3日｜由于赎回压力加剧，Partners Group Holding AG正在对旗下一只常青型私募股权基金实施赎回限制。此前冲击私募信贷产品的投资者焦虑情绪，显示出蔓延至私募市场其他资产类别的迹象。这家瑞士公司是欧洲最大的上市另类资产管理公司之一。该公司表示，其规模86亿美元的Global Value SICAV基金将把赎回额度限制在每季度基金净资产值的5%。该基金在第二季度收到的赎回申请激增，预计达到9.8%。
Senator Thom Tillis (R-NC) questions Secretary of Treasury Scott Bessent during a Senate Committee on Banking, Housing, and Urban Affairs hearing in Washington, DC on February 5, 2026. Nathan Posner | Anadolu | Getty Images Republican Sen. Thom Tillis on Wednesday blasted President Donald Trump's pick to lead the U.S. intelligence community as an "incendiary attack dog" and said he has no path to ...
Senator Thom Tillis (R-NC) questions Secretary of Treasury Scott Bessent during a Senate Committee on Banking, Housing, and Urban Affairs hearing in Washington, DC on February 5, 2026. Nathan Posner | Anadolu | Getty Images Republican Sen. Thom Tillis on Wednesday blasted President Donald Trump's pick to lead the U.S. intelligence community as an "incendiary attack dog" and said he has no path to being confirmed by the Senate. The remarks on CNBC's "Squawk Box" from the retiring North Carolina senator added to the growing backlash against Bill Pulte, the current head of the Federal Housing Finance Agency, whom Trump appointed acting director of national intelligence on Tuesday. "I don't think he has a prayer" of making it through the Senate and becoming the permanent DNI, Tillis said. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Morgan Stanley upgraded Yum! Brands ( YUM ) on Wednesday on its view that the restaurant stock does not seem to get full credit for potentially improved growth going forward. The restaurant stock was boosted to an Overweight rating from Equal-weight. Analyst Brian Harbour pointed to key drivers for Yum! ( YUM ), such as the existing white space still left for the KFC and Taco Bell chains, the valu...
Morgan Stanley upgraded Yum! Brands ( YUM ) on Wednesday on its view that the restaurant stock does not seem to get full credit for potentially improved growth going forward. The restaurant stock was boosted to an Overweight rating from Equal-weight. Analyst Brian Harbour pointed to key drivers for Yum! ( YUM ), such as the existing white space still left for the KFC and Taco Bell chains, the value-seeking behavior of consumers, and the company's use of tech. In addition, Yum! Brands' ( YUM ) franchise model is expected to set it up better than many peers to withstand inflation, while a Pizza Hut sale could boost the trading multiple on the stock as investors view the company differently. Meanwhile, Morgan Stanley cut its rating on Chipotle ( CMG ) to Equal-weight from Overweight. Harbour and his team expect a lower baseline for comparable sales growth and warned that the chain is in a worse position than Taco Bell to absorb higher costs. "We don't think CMG has a true value problem, but for some customers, absolute price is important, and we think Taco Bell is best positioned to win," wrote Harbour. Morgan Stanley's price target for YUM is $185, based on 24.5X the 2027 EPS estimate. The new PT for CMG is $37, based on 28X the 2027 EPS estimate. The multiple gap narrowed between the two restaurant stocks. More on Chipotle and Yum! Brands Chipotle Mexican Grill, Inc. (CMG) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Yum! Brands: The Battle For A Slice Of Pizza Hut (Rating Upgrade) Yum! Brands: Fundamentally Tasty But Comes With Overcooked Valuation And Overbought Technicals SA analyst upgrades/downgrades: INTC, SE, MRVL, YUM Why a Pizza Hut sale could be a negative for Domino's and Papa John's
Alones Creative Prediction market traders remained unconvinced that President Donald Trump's claim of progress in nuclear talks with Iran would quickly restore normal shipping through the Strait of Hormuz. Trump said Iran had agreed not to pursue nuclear weapons, raising hopes of a potential breakthrough in one of the longest-running disputes between Washington and Tehran. Yet both Kalshi and Poly...
Alones Creative Prediction market traders remained unconvinced that President Donald Trump's claim of progress in nuclear talks with Iran would quickly restore normal shipping through the Strait of Hormuz. Trump said Iran had agreed not to pursue nuclear weapons, raising hopes of a potential breakthrough in one of the longest-running disputes between Washington and Tehran. Yet both Kalshi and Polymarket traders continued to assign relatively low odds to a near-term normalization of traffic through the strategic waterway. On Kalshi, traders priced just a 14% chance that traffic would return to normal before July 1 and a 30% probability before Aug. 1. Even by Oct. 1, the odds stood at 48%, while the probability of a return to normal before Jan. 1, 2027, was 63%. Polymarket traders struck a similarly cautious tone. The market assigned only a 19% probability that traffic through the Strait of Hormuz would return to normal by the end of June, with the contract falling 56% from earlier levels. The pricing suggested traders were separating progress on the nuclear issue from the broader security, military, and logistical challenges facing one of the world's most important energy chokepoints. The Strait of Hormuz handles a significant share of global oil exports and remains a focal point for energy markets. While Trump's remarks fueled hopes for a broader U.S.-Iran understanding, prediction markets indicated traders were waiting for concrete developments before betting on a rapid return to normal shipping conditions. More on markets War And New Tariff Threat Strengthen The Dollar This Market Looks Insane: But It's A Stock Picker's Dream Median Household Income In April 2026 World Cup winners? Hotels, restaurants, media, and betting stocks, Deutsche Bank says Trump says Iran agrees to forgo nuclear weapons
Major Iranian Attack On Kuwait International Airport Leaves One Dead, 63 Injured Kuwait International Airport has come under Iranian missile and drone attack on Wednesday, in a significant strike that killed one person and left 63 people injured - according to the country's health ministry, with several of the victims being seriously wounded. A passenger terminal was directly struck, damaging faci...
Major Iranian Attack On Kuwait International Airport Leaves One Dead, 63 Injured Kuwait International Airport has come under Iranian missile and drone attack on Wednesday, in a significant strike that killed one person and left 63 people injured - according to the country's health ministry, with several of the victims being seriously wounded. A passenger terminal was directly struck, damaging facilities including diplomatic missions at the airport, Kuwaiti authorities have said. Area hospitals conducted seven major emergency surgeries following the incident, underscoring that it was a mass casualty event. via The Telegraph Kuwaiti defense ministry spokesperson Brig Gen Saud Abdulaziz Al-Atwan described the attack as "criminal Iranian aggression which resulted in significant material damage to the building and injuries." It confirmed engaging 13 missiles and 17 drones total which were fired from Iran . Civil aviation authorities immediately suspended traffic and transferred arriving flights to separate unaffected airports after "terminal one came under Iranian attacks causing casualties and damage." The cross-border airport attack came after violent exchanges of fire between the US and Iran, which at first looked like limited one-off incidents, but then became an extended tit-for-tat. Overnight, the US military deployed a Hellfire missile to disable a tanker attempting to bypass the American blockade in the Strait of Hormuz. Following the intercept, American forces engaged in a wider kinetic exchange, stating they repelled subsequent Iranian reprisal strikes across the region and launched retaliatory attacks against military sites on Iran’s Qeshm Island. In response, Iran’s Islamic Revolutionary Guards Corps (IRGC) claimed it launched a missile and drone barrage targeting the U.S. Fifth Fleet headquarters in Bahrain - an assertion that Central Command (CENTCOM) has explicitly denied. The IRGC had also sent several missiles on two US bases in Kuwait , which were said ...
TORRANCE, Calif., June 03, 2026 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), a leading manufacturer and direct supplier of moveable furniture and equipment for educational environments and public spaces in the United States, reported a modest loss due to slowing demand during the Company’s first quarter ended April 30, 2026. Through three months, net sales were $30.7 million, a 9.1% ...
TORRANCE, Calif., June 03, 2026 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), a leading manufacturer and direct supplier of moveable furniture and equipment for educational environments and public spaces in the United States, reported a modest loss due to slowing demand during the Company’s first quarter ended April 30, 2026. Through three months, net sales were $30.7 million, a 9.1% decline from $33.8 million in the first period of the prior year. Net loss for the quarter was $2.8 million versus net income of $0.7 million last year. During last year’s first quarter, the Company was continuing to ship its lingering overhang on backlog. That overhang is gone now, resulting in a challenging year-over-year comparison. Underlying demand for school furniture is continuing to seek a new baseline following the significant market dislocations of the pandemic. In addition, the annual market cycle appears to be returning to its typical seasonality, in which the Company experiences operating losses in the seasonally light fourth and first quarters, while recording operating income during peak season second and third quarters.
"Lithium batteries are the new oil." - Elon Musk, Tesla CEO (publicly reported statement regarding the strategic importance of battery materials). "Lithium, nickel, cobalt, manganese and graphite are crucial to battery performance, longevity and energy ...
"Lithium batteries are the new oil." - Elon Musk, Tesla CEO (publicly reported statement regarding the strategic importance of battery materials). "Lithium, nickel, cobalt, manganese and graphite are crucial to battery performance, longevity and energy ...
TORRANCE, Calif., June 03, 2026 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), an industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, was honored to participate in NVIDIA's Partner Ceremony held on May 29th, 2026, at the Taipei Nangang Exhibition Center. The event brought together key ecosystem partners supporting th...
TORRANCE, Calif., June 03, 2026 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), an industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, was honored to participate in NVIDIA's Partner Ceremony held on May 29th, 2026, at the Taipei Nangang Exhibition Center. The event brought together key ecosystem partners supporting the NVIDIA AI Factory MGX™ platform, highlighting industry collaboration to accelerate the development
ePlus inc. (NASDAQ NGS: PLUS) (news) today announced that it unveiled and demonstrated newly created AgenticOps technology, developed with Cisco and NVIDIA, that delivers an enterprise-grade, self-contained Agentic AI platform which organizations can deploy safely and securely in their own environment.
ePlus inc. (NASDAQ NGS: PLUS) (news) today announced that it unveiled and demonstrated newly created AgenticOps technology, developed with Cisco and NVIDIA, that delivers an enterprise-grade, self-contained Agentic AI platform which organizations can deploy safely and securely in their own environment.
LOS ANGELES, June 03, 2026--Global Objects Announces Strategic Collaboration with Microsoft to Build the Ground-Truth Foundation for Physical AI on Microsoft Azure
LOS ANGELES, June 03, 2026--Global Objects Announces Strategic Collaboration with Microsoft to Build the Ground-Truth Foundation for Physical AI on Microsoft Azure
There are few financial experts on the planet with a better reputation for picking winners than Warren Buffett. And one type of investment the former CEO of Berkshire Hathaway says is ideal for beginners is an exchange-traded fund (ETF). ETFs hold a collection of assets , including stocks, bonds, and commodities. Just like regular company stocks, ETFs are bought and sold on public stock exchanges....
There are few financial experts on the planet with a better reputation for picking winners than Warren Buffett. And one type of investment the former CEO of Berkshire Hathaway says is ideal for beginners is an exchange-traded fund (ETF). ETFs hold a collection of assets , including stocks, bonds, and commodities. Just like regular company stocks, ETFs are bought and sold on public stock exchanges. What sets an ETF apart from the crowd is the way they give you exposure to dozens, hundreds, or even thousands of assets. In other words, you're not putting all your eggs in one basket, and you're spreading your investment risk. Image source: Getty Images. Continue reading
NoDerog/iStock Unreleased via Getty Images Introduction With inflation reaccelerating, I think businesses like Kimberly-Clark Corporation ( KMB ) could continue to see headwinds. Over the past year, shares are down more than 32% at the time of writing. While I do see more near-term risks that could result in higher volatility, KMB's valuation and dividend yield of over 5% look compelling for long-...
NoDerog/iStock Unreleased via Getty Images Introduction With inflation reaccelerating, I think businesses like Kimberly-Clark Corporation ( KMB ) could continue to see headwinds. Over the past year, shares are down more than 32% at the time of writing. While I do see more near-term risks that could result in higher volatility, KMB's valuation and dividend yield of over 5% look compelling for long-term income investors. For those with a higher risk tolerance, Kimberly-Clark could turn out to be a solid investment if management can successfully integrate Kenvue's ( KVUE ) portfolio and see growth accelerate down the line. In this article, I discuss Kimberly-Clark's latest quarter, fundamentals, dividend safety, and why I continue to rate the stock a hold despite the attractive yield and suppressed valuation. Previous Hold Thesis I last covered KMB shortly after they announced the acquisition with Kenvue in an article titled :Can the Kenvue Acquisition Erase The Decade Of Disappointment? Kimberly Clark's $48.7 billion deal with Kenvue was announced and expected to deliver long-term growth and synergies. In the past decade, KMB's growth has been sluggish at best, a reflection of their ongoing business challenges. I, personally, liked the KVUE announcement, seeing how their successful iconic brand consolidation could lead to higher growth in the foreseeable future. Although their upside to their price target of $140 by the end of 2027 was attractive, I believed regulatory risks and the probability of not seeing any significant upside for at least 24 to 36 months until benefits from the acquisition materialized kept me cautious. Since then, Kimberly-Clark's share price has lagged, down more than 4% compared to the S&P ( SP500 ), up close to 12% at the time of writing. Seeking Alpha Latest Earnings Showing Promise Kimberly-Clark reported their Q1 earnings back in late April to mixed results. EPS beat estimates by $0.04, amounting to $1.97, while revenue of $4.2 billion mis...
J Studios/DigitalVision via Getty Images The upcoming inflationary recession We are facing the biggest energy supply shock ever due to the situation in the Middle East. The Strait of Hormuz has been closed for over three months, and there is no end in sight for when it will fully reopen. Iran also threatens to close the Bab-el-Mandeb Strait if (when) the situation escalates. Together, that would a...
J Studios/DigitalVision via Getty Images The upcoming inflationary recession We are facing the biggest energy supply shock ever due to the situation in the Middle East. The Strait of Hormuz has been closed for over three months, and there is no end in sight for when it will fully reopen. Iran also threatens to close the Bab-el-Mandeb Strait if (when) the situation escalates. Together, that would account to over 30% global oil supply missing. Over the last three months, the global economy replaced the missing oil by drawing from the strategic petroleum reserves - but these reserves are expected to reach critical levels as early as mid-June. At that point, the price of crude oil has to spike due to a real physical supply/demand imbalance - so that will be the cause of a major global inflationary shock. However, higher oil prices and inflation will eventually cause demand destruction, and that will be a recession. This is a very dire scenario, but unless the Strait of Hormuz reopens immediately, I don't see how this scenario can be avoided. U.S. President Trump has been trying really hard to negotiate a deal with Iran to reopen Hormuz, but he is constrained in making a deal to satisfy his domestic allies and Israel - thus, the Iran deal has to be only a "good" deal. Iran has to accept the minimum nuclear deal and relinquish the control of Hormuz, and Iran is not willing to do this; instead, it's using the ceasefire to rearm. Thus, the deal remains unlikely, which makes the inflationary recession scenario unavoidable. The financial markets still believe that the deal will be made: oil is below $100/barrel, 10Y ( US10Y ) yields are below 4.50%, and the S&P 500 ( SP500 ) is at all the highs. However, the Federal Funds futures are starting to price the Fed hikes - so, that's the only signal of the things to come. The reaction chain will be as follows (assuming Hormuz remains at least partially closed, and this could happen even with a deal): As oil inventories reach critic...