United Parcel Service 's (NYSE: UPS) stock has fallen 50% since hitting a high in early 2022. The stock, however, is up 30% from its lows in Oct. 2025. The market is starting to believe the company's turnaround plan is gaining traction. If you wait too long to buy it, you may miss out on the investment opportunity. Buying UPS before July 15 should get you in before the company reports second-quart...
United Parcel Service 's (NYSE: UPS) stock has fallen 50% since hitting a high in early 2022. The stock, however, is up 30% from its lows in Oct. 2025. The market is starting to believe the company's turnaround plan is gaining traction. If you wait too long to buy it, you may miss out on the investment opportunity. Buying UPS before July 15 should get you in before the company reports second-quarter earnings. Those earnings aren't expected to be great reading. But that's not the point. The key here is that UPS has been telling investors that the first half of 2026 would be weak, with the second half coming in stronger. Image source: Getty Images. Continue reading
A "Black Mark" On Tim Cook's Resume: How Apple Missed The AI Revolution Apple's AI problems didn't become impossible to ignore because competitors released better chatbots. They became impossible to ignore when Apple itself realized it had fallen behind, according to a new feature by Bloomberg . By early 2025, senior leaders inside the company were holding emergency-level discussions about the sta...
A "Black Mark" On Tim Cook's Resume: How Apple Missed The AI Revolution Apple's AI problems didn't become impossible to ignore because competitors released better chatbots. They became impossible to ignore when Apple itself realized it had fallen behind, according to a new feature by Bloomberg . By early 2025, senior leaders inside the company were holding emergency-level discussions about the state of Apple's AI efforts. What was supposed to be a major leap forward—Apple Intelligence and a next-generation Siri—had instead exposed deeper weaknesses. While Google, OpenAI, Microsoft, Meta, and Anthropic were rapidly improving their models, Apple was struggling to deliver features it had already announced. Bloomberg writes that the issue wasn't simply that Siri needed work. Executives increasingly believed Apple had underestimated the importance of generative AI altogether. The company had spent years assuming its traditional strengths—hardware, privacy, and tightly integrated software—would be enough. By the time ChatGPT reshaped expectations for consumer AI, Apple had no competitive answer. Internally, confidence in the existing AI organization had eroded. Leaders concluded that the company's problems were structural as much as technical. Decision-making was fragmented, ownership was unclear, and AI lacked the urgency that surrounded other major Apple initiatives. What had once been viewed as a side technology suddenly looked like the foundation of the industry's future. That realization triggered a leadership shake-up. Mike Rockwell, best known for leading Vision Pro, emerged as one of the strongest advocates for a more aggressive AI strategy. He had long argued that Apple was not taking the technology seriously enough. When the company's AI shortcomings became impossible to ignore, he was brought in to help rescue Siri and reset the effort. The shift also forced a change in Tim Cook's approach. Historically, Cook delegated product strategy to his lieutenants, stepp...
Air New Zealand will cut more flights in the three months through October as it faces rising jet fuel costs and soft demand, particularly in its home market, Chief Executive Officer Nikhil Ravishankar said. “We’ve cut about 9% of flying between August and October this year,” he told Bloomberg Sunday on the sidelines of the International Air Transport Association annual general meeting in Rio de Ja...
Air New Zealand will cut more flights in the three months through October as it faces rising jet fuel costs and soft demand, particularly in its home market, Chief Executive Officer Nikhil Ravishankar said. “We’ve cut about 9% of flying between August and October this year,” he told Bloomberg Sunday on the sidelines of the International Air Transport Association annual general meeting in Rio de Janeiro. That builds on the approximately 5% of reductions already in place. He didn’t provide details of routes or services being canceled. The national carrier has raised prices, cut costs and consolidated services as fuel prices climb and New Zealanders defer non-essential spending, including travel. In May the airline warned it may report a loss of as much as NZ$390 million ($226 million) in the year ending June 30. Read more: Further Flight Cuts Mulled as Air NZ Forecasts Full-Year Loss Ravishankar said the airline is trying to be as flexible as possible around its flight roster to limit disruptions to customers. “We need to give customers certainty,” he said. “We want to make sure whatever we publish we continue to fly. We’re trying to find that ‘Goldilocks zone’ around how we manage consolidations.” Beyond October, Air New Zealand is in its peak southern hemisphere summer period and is not expecting to cut as deeply in those months, “but we’re waiting and seeing and letting it play out,” Ravishankar said. Currently, demand is soft in New Zealand and outbound from New Zealand, he said adding that currency “isn’t doing so well at the moment,” which makes international travel more expensive. On the other hand, inbound demand is quite strong both from Australia and on long-haul routes, he said. The company is reviewing all expenses on a line-by-line basis and also talking to third party suppliers to limit costs. It is also trying to manage its fleet renewal program to smooth out expected deliveries and ease balance sheet pressure. “Aircraft delivery delays are in effect ac...
South Korea’s Naver Corp. agreed to build data centers based on Nvidia Corp. ’s models in a move to clinch its dominance in the country’s artificial intelligence landscape. The internet and cloud service provider will build AI infrastructure based on Nvidia’s DSX platform to power agents and robots at gigawatt scale, according to Raj Mirpuri, Nvidia head of global AI clouds and infrastructure. The...
South Korea’s Naver Corp. agreed to build data centers based on Nvidia Corp. ’s models in a move to clinch its dominance in the country’s artificial intelligence landscape. The internet and cloud service provider will build AI infrastructure based on Nvidia’s DSX platform to power agents and robots at gigawatt scale, according to Raj Mirpuri, Nvidia head of global AI clouds and infrastructure. The collaboration, which includes the use of Nvidia’s Nemotron 3 Ultra and HyperClova X models, positions Naver to power Korea’s sovereign AI, Mirpuri said. South Korea has been racing to build its own AI ecosystem in an effort to lower reliance on foreign countries. Read more: Jensen Huang Commands Seoul Stage With Night of Street Theater
President Trump is dismissing the idea that launching the war with Iran betrayed his refrain of "No new wars" as he campaigned for the White House in 2024. (Image credit: Mark Schiefelbein)
President Trump is dismissing the idea that launching the war with Iran betrayed his refrain of "No new wars" as he campaigned for the White House in 2024. (Image credit: Mark Schiefelbein)
Gold held a loss after Iran fired several rounds of missiles toward Israel, jeopardizing efforts to end the Middle East war that’s upended global markets. Bullion was near $4,325 an ounce in early trading, after giving up nearly 5% last week. The fresh Iranian attack on Sunday follows the worst flare-up in regional tensions since a ceasefire was agreed in early April. US President Donald Trump sai...
Gold held a loss after Iran fired several rounds of missiles toward Israel, jeopardizing efforts to end the Middle East war that’s upended global markets. Bullion was near $4,325 an ounce in early trading, after giving up nearly 5% last week. The fresh Iranian attack on Sunday follows the worst flare-up in regional tensions since a ceasefire was agreed in early April. US President Donald Trump said he still wants a negotiated solution to the conflict with Tehran. The war, now in its fourth month, has disrupted energy flows via the Strait of Hormuz, driven oil prices higher and raised concerns about global inflation. This makes central banks more likely to keep interest rates steady or raise them — a headwind for precious metals. Bullion erased its year-to-date gain on Friday after robust US jobs data fueled bets that the Federal Reserve would raise borrowing costs in 2026. Bond yields and the US dollar climbed after jobs growth topped all forecasts in May, weighing on gold that’s priced in the US currency. Read More: Iran Fires Missiles at Israel as Trump Defends Ceasefire Traders were also assessing another around of gold purchases by the People’s Bank of China, which added around 10 tons to its reserves last month. That was the highest monthly total since 2024 and extends the Chinese central bank’s buying streak to 19 months, underscoring continued interest from one of the world’s biggest buyers. Gold edged down 0.1% to $4,325.18 an ounce as of 6:51 a.m. in Singapore. Silver was 0.3% lower at $67.62 an ounce, after falling nearly 10% last week. Platinum was little changed, while palladium edged higher. The Bloomberg Dollar Spot Index , a gauge of the US currency, was up 0.1% after gaining 1.1% last week.
Three trading days earlier, Marvell Technology (MRVL) had the market in awe. Nvidia chief executive Jensen Huang had stood on a stage in Taipei and called the chip designer “the next trillion-dollar company.” Traders responded by handing the stock its biggest one-day gain ever. By Thursday’s close, ...
Three trading days earlier, Marvell Technology (MRVL) had the market in awe. Nvidia chief executive Jensen Huang had stood on a stage in Taipei and called the chip designer “the next trillion-dollar company.” Traders responded by handing the stock its biggest one-day gain ever. By Thursday’s close, ...