US stocks bounced back on Monday from the worst rout this year, as a selloff in technology stocks eased and traders assessed flaring tensions in the Middle East, which supported oil prices and energy shares. The S&P 500 Index jumped 0.7% as of 9:34 a.m. in New York, paring a slide last week sparked by robust employment data, which boosted expectations for tighter Federal Reserve policy. The Nasdaq...
US stocks bounced back on Monday from the worst rout this year, as a selloff in technology stocks eased and traders assessed flaring tensions in the Middle East, which supported oil prices and energy shares. The S&P 500 Index jumped 0.7% as of 9:34 a.m. in New York, paring a slide last week sparked by robust employment data, which boosted expectations for tighter Federal Reserve policy. The Nasdaq 100 Index rallied 1.5% after the tech-heavy gauge posted its biggest weekly drop since April 2025. A basket of the so-called Magnificent Seven companies rose 0.3%, led by gains in Nvidia Corp ., which gained 1.7%. Micron Technology Inc. advanced 8.2%. Energy and fertilizer shares climbed, while travel stocks fell. Chevron and Exxon Mobil both rose more than 1%, while United Airlines and Delta Air Lines fell about 0.2%. The Philadelphia Semiconductor Index , home to chip bellwethers such as Nvidia, Intel Corp. and Advanced Micro Devices Inc. , soared 5%. Marvell Technology Inc. gained 9.6% and Flex rose 2.8% as the companies are set to replace Pool Corp. and Campbell’s in the S&P 500 before the market open on June 22. Campbell’s rose nearly 1% after the food company reported adjusted earnings per share that beat the average analyst estimate. Bond traders are wagering that inflation figures this week will show a surge in consumer prices, adding to pressure on the Fed to raise rates. Consumer-price figures, due Wednesday, loom as the next major catalyst . Fed officials are in a blackout period before their policy decision on June 17. “If today’s rebound holds, this could be another good ‘buy-the-dip’ moment for investors,” said Jimmy Lee , chief executive of The Wealth Consulting Group. The firm has been trimming exposure to Magnificent Seven companies and buying software shares and dividend-paying value shares, like industrials. However, “the inflation prints are crucial to keep traders from getting skittish about potential rate hikes.” The US stock market slumped Friday as ...
BOS Better Online Solutions ( BOSC ) announced on Monday that combined orders from the U.S. and India surged to $7.1M in the first five months of 2026, up from about $1.5M a year earlier. India orders rose to $4.3M, and U.S. orders reached $2.8M, with management highlighting both markets as key long-term growth drivers. Backed by strong order momentum, the company expects 2026 revenue to exceed $5...
BOS Better Online Solutions ( BOSC ) announced on Monday that combined orders from the U.S. and India surged to $7.1M in the first five months of 2026, up from about $1.5M a year earlier. India orders rose to $4.3M, and U.S. orders reached $2.8M, with management highlighting both markets as key long-term growth drivers. Backed by strong order momentum, the company expects 2026 revenue to exceed $51M and plans to continue investing in both markets. Source: Press Release More on B.O.S. Better Online B.O.S. Better Online Solutions Ltd. (BOSC) Q1 2026 Earnings Call Transcript B.O.S. Better Online Solutions Ltd. (BOSC) Q4 2025 Earnings Call Transcript BOS Better Online Solutions secures $350,000 order extension Seeking Alpha’s Quant Rating on B.O.S. Better Online Historical earnings data for B.O.S. Better Online
Sundry Photography/iStock Editorial via Getty Images Western Digital ( WDC ) disclosed on Monday that it will issue 21.29M shares as part of previously announced exchange agreements with holders of its 3.00% Convertible Senior Notes due 2028. The exchange transactions involve approximately $858.4M aggregate principal amount of convertible notes being exchanged for a combination of cash and Western...
Sundry Photography/iStock Editorial via Getty Images Western Digital ( WDC ) disclosed on Monday that it will issue 21.29M shares as part of previously announced exchange agreements with holders of its 3.00% Convertible Senior Notes due 2028. The exchange transactions involve approximately $858.4M aggregate principal amount of convertible notes being exchanged for a combination of cash and Western Digital common stock. Western Digital had announced the debt exchange agreements last week, with the latest filing providing the final number of shares to be issued in the transactions. The company said the exact share count was determined based on the average price of its stock during a two-day measurement period on June 3-4. WDC shares were up +3.7% at press time. More on Western Digital Western Digital Corporation (WDC) Presents at 2026 Evercore Global TMT Conference Transcript Western Digital: Not Worth 20x P/E Adjusting For The Sandisk Stake Western Digital: Strong Margins, AI Story Intact Energy, AI, Travel stocks lead large-cap growth list Western Digital enters into agreements with convertible note holders
(RTTNews) - Fair Isaac Corporation (FICO), a provider of analytics software, Monday announced that it has been authorized to repurchase up to $2 billion of its outstanding common stock. This new buyback program replaces the remaining availability under FICO's previous $1.5 billio
(RTTNews) - Fair Isaac Corporation (FICO), a provider of analytics software, Monday announced that it has been authorized to repurchase up to $2 billion of its outstanding common stock. This new buyback program replaces the remaining availability under FICO's previous $1.5 billio
Hi, it’s Fareed Sahloul in London, looking at a multibillion-pound start to what could a big week for UK takeovers. Elsewhere, a new phase of dealmaking in Italian finance is beginning. Today’s top stories Intesa makes €30.6 billion Paschi bid in new Italy deal wave. Tate & Lyle accepts bid from Ingredion in loss for London. Drahi reaches €20 billion deal to sell French phone carrier SFR. China’s ...
Hi, it’s Fareed Sahloul in London, looking at a multibillion-pound start to what could a big week for UK takeovers. Elsewhere, a new phase of dealmaking in Italian finance is beginning. Today’s top stories Intesa makes €30.6 billion Paschi bid in new Italy deal wave. Tate & Lyle accepts bid from Ingredion in loss for London. Drahi reaches €20 billion deal to sell French phone carrier SFR. China’s Moonshot AI seeks $30 billion value in new funding talks. Private markets elite gather in Berlin amid not-so-super returns. Deadline days UK dealmakers will be clearing their diaries in anticipation of a frantic week, with more than £15 billion of takeovers targeting London-listed companies about to come to a head. We got underway this morning with US-based Ingredion confirming our reporting that it’s agreed to buy ingredients maker Tate & Lyle for £2.7 billion. The price represents a nearly 60% premium to Tate & Lyle shares before news of the potential offer was revealed last month. Tate & Lyle is one of the oldest FTSE constituents and its sale will be another blow for the UK stock market, which is seeing its reputation as a financial destination for companies slip as more companies opt to IPO elsewhere, shift listings abroad or accept takeovers by overseas buyers. The coming days could see a handful of other London-listed names agree to be sold. Under local takeover rules, KKR and Energy Capital Partners have until Wednesday to decide whether they’ll improve on a roughly £5 billion proposal for energy group DCC. Thursday, meanwhile, is the deadline for testing group Intertek and its PE suitor EQT to announce if they’re proceeding with a £9.2 billion deal. Elsewhere, Providence, Epiris and Oakley face deadlines in their respective pursuits of Gamma Communications, a telecoms services group with a market cap of around £850 million; and Glenstone will need to state its intentions for Alternative Income REIT. We reported last month that the value of M&A targeting UK companie...
The State Street SPDR S&P Bank ETF (NYSEMKT:KBE) provides lower costs and higher yields, whereas the First Trust Nasdaq Bank ETF (NASDAQ:FTXO) offers a concentrated strategy that has delivered higher recent returns. Both funds offer targeted exposure to the U.S. banking sector but employ distinct weighting methodologies. While one focuses on a concentrated group of high-liquidity stocks using a mu...
The State Street SPDR S&P Bank ETF (NYSEMKT:KBE) provides lower costs and higher yields, whereas the First Trust Nasdaq Bank ETF (NASDAQ:FTXO) offers a concentrated strategy that has delivered higher recent returns. Both funds offer targeted exposure to the U.S. banking sector but employ distinct weighting methodologies. While one focuses on a concentrated group of high-liquidity stocks using a multi-factor approach, the other provides a much broader view of the industry through an equal-weighted strategy. This comparison examines how these structural differences impact return profiles and risk metrics. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Intel Jumps On Report Google Placed 3 Million TPU Foundry Order After last week's sharp sell-off in chip stocks , the latest attempt to keep the AI bubble inflated comes from a report by The Information, which says Google has placed an order with Intel to manufacture more than 3 million Tensor Processing Units in 2028. Google's TPU order with Intel is a big win for the struggling chip foundry as i...
Intel Jumps On Report Google Placed 3 Million TPU Foundry Order After last week's sharp sell-off in chip stocks , the latest attempt to keep the AI bubble inflated comes from a report by The Information, which says Google has placed an order with Intel to manufacture more than 3 million Tensor Processing Units in 2028. Google's TPU order with Intel is a big win for the struggling chip foundry as it tries to rebuild its empire in advanced chip production and compete with Taiwan Semiconductor Manufacturing Company (TSMC). The Information's Qianer Liu writes that TSMC's capacity constraints are turning into a boon for Intel as a backup manufacturer. She noted that several major AI chip designers, including Nvidia, are turning to Intel as a potential backup manufacturer, but no orders from CEO Jensen Huang have been placed yet, as there is a testing phase to determine whether Intel's technology can be used to produce advanced AI chips. The report from The Information sent Intel shares soaring in premarket trading, up nearly 12%. Shares had plunged into a bear market over the last month and were down about 9.5% last week. Shares of the VanEck Semiconductor ETF (SMH) were up nearly 5% in premarket trading. The Philadelphia Stock Exchange Semiconductor Index plunged 10% on Friday, the biggest one-day drop since March 2020. Among other notable movers: Nvidia +2.4%, AMD +2.8%, Micron +5.7%, Intel +2.5%, ARM +1.3%, U.S.-listed shares of TSMC +3.2%, Rambus +5.6%, Western Digital +4.3%, Marvell +8.7%, Microchip +2.9%, SanDisk +4.2%, Super Micro +5.8%, and Dell +1.5%. Tyler Durden Mon, 06/08/2026 - 09:35
Kindamorphic/iStock via Getty Images The combination of conflict in the Middle East, rising fuel costs, and a weaker consumer backdrop meant that when easyJet’s ( EJTTF ) shares dropped by more than 20% earlier this year, many investors focused on the risks. Then, on 29 May, Castlelake disclosed that it was considering a potential bid for the airline, and the share price rose by over 11%. The bid ...
Kindamorphic/iStock via Getty Images The combination of conflict in the Middle East, rising fuel costs, and a weaker consumer backdrop meant that when easyJet’s ( EJTTF ) shares dropped by more than 20% earlier this year, many investors focused on the risks. Then, on 29 May, Castlelake disclosed that it was considering a potential bid for the airline, and the share price rose by over 11%. The bid suggests acquirers are tired of waiting for the economic backlog to clear before making an offer. More importantly, this was not an isolated event. From Bodycote ( BYPLF ) being approached by Apollo Global Management ( APO ) to Tate & Lyle ( TATYF ) being approached by Ingredion ( INGR ), in the last six years the UK has seen almost 300 bids for UK-listed companies. Takeover activity continues to emerge despite an economic backdrop that should, in theory, be discouraging it. Which factors suggest UK M&A should not be accelerating? Historically, M&A activity has tended to slow when investor confidence weakens and political instability rises. The UK 10-year gilt yield has exceeded 5%. Geopolitical uncertainty remains elevated with the war in Ukraine and conflict in the Middle East. Global trade tensions continue to create uncertainty around future economic growth, energy prices, and consumer demand. Taken together, these factors would normally be expected to suppress M&A activity. Higher financing costs increase the cost of acquisitions, while greater uncertainty reduces confidence in forecasting future earnings and returns, yet we are still seeing an M&A acceleration. Can takeover targets be identified before a bid emerges? To test whether recent targets share identifiable characteristics, on 18 May 2026, Edison ran a screen on the UK 350 to detect vulnerable companies (see Exhibit 1). The screen combined three factors associated with takeover susception: valuation discounts, attractiveness to acquirer and structural vulnerability. The rationale was to identify businesses th...
Michael Vi/iStock Editorial via Getty Images Sempra Infrastructure ( SRE ) said Monday it appointed Bhavesh "Bob" Patel as its incoming CEO , assuming the role and joining the firm's board of directors upon the closing of a KKR-led ( KKR ) consortium's previously announced acquisition of a majority stake in the company. Patel brings nearly 40 years of leadership experience across the global chemic...
Michael Vi/iStock Editorial via Getty Images Sempra Infrastructure ( SRE ) said Monday it appointed Bhavesh "Bob" Patel as its incoming CEO , assuming the role and joining the firm's board of directors upon the closing of a KKR-led ( KKR ) consortium's previously announced acquisition of a majority stake in the company. Patel brings nearly 40 years of leadership experience across the global chemicals and energy sectors to the position, most recently as president of global industrials company Standard Industries, after previously serving as CEO of LyondellBasell, one of the world's largest chemical companies, and spending ~20 years at Chevron and Chevron Phillips Chemical Company. The leadership transition comes as the KKR-led ( KKR ) consortium prepares to acquire a 65% ownership interest in Sempra Infrastructure ( SRE ), while Sempra will retain a 25% stake alongside Abu Dhabi Investment Authority’s existing 10% stake. More on Sempra Sempra: Oncor's 127 GW Pipeline Could Redefine Its Earnings Power Sempra: Solid Utility Growth Story At A Fair Price (Rating Downgrade) Sempra Q1 2026 Earnings Call Presentation