Qualcomm's Investor Day could help determine if new interest in the stock is warranted.

A top secret meeting finally got Apple to take its AI crisis seriously. Also: Here’s what to expect from WWDC on Monday , from iOS 27 to watchOS 27 to the revamped Siri. Last week in Power On : Apple seeks to disrupt the glasses market in the same way it upended traditional watches. The Starters Around early 2025, Apple Inc. executives held a consequential meeting in a conference room near the software engineering department overseen by Craig Federighi. The assembled leaders included the company’s senior vice presidents, chief operating officer, chief financial officer and others who reported to Chief Executive Officer Tim Cook. Alan Dye, Apple’s former interface design chief, and Mike Rockwell, the creator of the Vision Pro headset, were also present. Cook himself wasn’t there, and Jeff Williams, the company’s now-retired COO, called the meeting to order. The discussion centered on what had by then become a growing crisis: Apple Intelligence, the company’s new AI platform, was a flop , and a critical overhaul of the Siri digital assistant was on the verge of being delayed . At the same time, rivals such as Meta Platforms Inc., Microsoft Corp., Alphabet Inc.’s Google, OpenAI and Anthropic PBC were rapidly advancing . During the meeting, executives discussed just how much trouble the company was in if real changes weren’t made immediately. (Weeks later, top executive Eddy Cue even publicly said that AI could upend the iPhone business within a decade.) The purpose of the meeting quickly became to formulate a recommendation to Cook about how the company should respond. By that point, Cook had largely lost confidence in then-AI chief John Giannandrea, who was also in the room. Cook and several executives close to him had concluded that Apple had serious cultural, structural and leadership problems when it came to AI. Federighi led much of the discussion, but Rockwell emerged as a powerful voice. Fresh off the launch of the Vision Pro headset — viewed internally as a tec...

From a massive DOGE data breach and the hacking of critical energy and water systems to the hack of an FBI surveillance system, here are the most damaging security incidents and data breaches of 2026.

Only seven companies cited oil prices as a reason for cutting or not updating their profit outlooks for the year.

Back from the dead. | Photo: Antonio G. Di Benedetto / The Verge The 2026 XPS 14 is the best premium laptop we've seen from Dell in a while, with incredible build quality in a thin machine and good performance thanks to Intel's Core Ultra Series 3 "Panther Lake" chips. A bonus: Dell killed its lame "Premium Plus" naming scheme . XPS is so back! I can't believe how much of a turnaround this new model is from the XPS 13 I reviewed last year, which at the time was set to be the line's depressing swan song. The new XPS has improved in just about every way, with an actual physical F-row, better speakers, and remarkable battery life. Too bad it's wildly expensive. Dell XPS 14 (2026) Score: 7 Pros Cons Exceptional … Read the full story at The Verge.

Friday’s sudden equities rout after a months-long rally is renewing concerns that the unwinding of crowded trades could exacerbate market losses. Before the painful selloff , stocks had been racing to all-time highs despite multiple wars and the specter of higher inflation. But with a group of semiconductor stocks driving outsized gains for the AI theme, leveraged ETF assets scaling new heights and volatility dispersion remaining elevated, questions had started to rise around concentration risk and how it could amplify the next bout of market stress. One issue that’s become central is the very nature of the multi-strategy hedge fund model, where portfolio managers at different funds often end up clustered into similar trades. Although central risk management at the firm-level is stringent, external crowding in over-the-counter derivatives can be difficult to fully capture. A recent paper from the hedge fund Adapt Investment Managers emphasized the crowding risk. The firm considered the hypothetical scenario of several multi-strategy pods positioned in the same trade, with a smaller pod liquidation triggering a domino effect for larger peers and exacerbating market impact as the trade unwinds. Hedge funds now absorb a growing share of the market risk that banks used to assume. Proprietary trading firms are also entering the fray: The Dutch market maker Optiver is even setting up a specialist exotics desk to take esoteric risks off bank balance sheets. “Hedge funds have always been active in taking on some of this risk from banks, but now they are doing it more directly because that’s where the market is moving,” said Aldo Van Audenaerde , Optiver’s head of index and rates options for the US and EMEA. One area attracting attention is the booming structured notes market, driven in part by retail investors’ hunt for ways to enhance yield. These debt-like securities carry a performance element tied to some other assets, often an equity index or single stock, and they’re ...

Advances in artificial intelligence (AI) have had a significant impact on many software companies over the last few years. Many are actively looking to integrate new AI features while defending against disruption. Stock analysts have been trying to understand the impact of AI across various software segments and what future earnings will look like, leading to a massive sell-off across the sector earlier this year. Software stocks aren't out of the woods yet. A slightly disappointing earnings outlook could send a stock cratering. That was the case with Zscaler (NASDAQ: ZS) , the cybersecurity software company. Its early-2027 guidance came up well short of expectations, sending the stock 32% lower after its report. Shares have bounced back slightly but remain an incredible buying opportunity for long-term investors. Image source: Getty Images. Continue reading

Richard Drury/DigitalVision via Getty Images By Dina Ting, CFA, Head of Global Index Portfolio Management, Franklin Templeton ETFs As markets broaden beyond mega-cap technology stocks, dividend-oriented strategies are attracting renewed attention. US dividend allocations hold appeal for many investors seeking resilience and diversification, while international dividend-focused indexes have benefited from lower valuations, easing cycles in several regions and improving shareholder-return trends. Dividend investing has long been marked by an unfortunate reputation: dependable, perhaps, but rarely the subject of lively market chatter. Then came the era of zero interest rates and the “Magnificent Seven,” 1 when income strategies may have seemed even less relevant. That may be changing. With markets broadening beyond a narrow group of US technology leaders, dividend-oriented equities have found their footing again. The appeal today is not merely yield, but quality, cash flow discipline and broader sector exposure at a time when economic growth has become more uneven across regions and sectors. Recent performance may already reflect part of this shift, though the story differs somewhat between US and international markets. In the United States, dividend-oriented strategies have generally remained competitive despite returns continuing to be driven heavily by mega-cap tech darlings. Last year, US companies paid a record US$704.8 billion in dividends—the 15 th consecutive annual record. 2 Dividend growth also remains broadly supported; more than 90% of US companies either increased their payouts or held them steady in 2025. 3 For investors concerned about concentration risk, that resilience may remain an important part of the appeal. Historically, dividend-oriented equities have tended to provide a smoother ride. Over the past five years, US dividend-oriented equities experienced a maximum drawdown of roughly 17%, compared with nearly 26% for the broader market, 4 with glob...

Computer chips on a circuit board. Bloomberg | Bloomberg | Getty Images Anyone with evergreens in their yard probably knows the familiar feeling of putting their hand on the trunk and coming away with a sticky film on their fingers. This sticky stuff is better known as resin. Under the right conditions, tree resin hardens. Humans, like with so many natural substances, realized that resin could be made synthetically with a soup of petrochemicals. Synthetic versions harden even more into a durable, heat-resistant material used in everything from adhesives and coatings to plastics and electronics. Resin is a critical component in the manufacturing of printed circuit boards, which are used in everything from smartphones to computers, appliances, and autos. When the Jubail petrochemical and industrial complex in Saudi Arabia was struck by Iranian missiles on April 6 and April 7, it was the final blow in a convergence of factors — geopolitical, financial, physical — that knocked out a key world reservoir of resin, leaving the crucial component for circuit boards in short supply. The plants had already shut down at the end of March as it became clear transit through the Strait of Hormuz was untenable during the conflict, and it is still not back online. There is little public information on the exact status of the Jubail complex today, though Dow CEO Jim Fittering (Dow has a joint venture with Saudi Aramco at Jubail) said on his company's April 23 earnings call that it continues to guide to a "275 day-plus" process for reopening the Strait of Hormuz and getting supply chains back to normal. The actual repairs needed at the complex seem less critical, based on his comments, than the broader logistics situation. "I think a lot of that is going to be able to be repaired within that time frame. ... just talking with our partners, I think they are actively working on repairs, and I don't hear anything from them that leads me to believe it's going to extend longer than this dura...

The market rally broke key support; here's what to do. The SpaceX IPO, Apple's AI push and Oracle earnings loom.

Mirra Andreeva’s rise to glory at Roland Garros owes so much to her lighthearted relationship with her coach, Conchita Martínez Conchita Martínez was in the middle of her account of her charge’s run to a first grand-slam title when she was rudely interrupted by a late arrival. Pursued by the rest of her team, tournament officials and a gloved staff member carrying the Coupe Suzanne-Lenglen, Mirra Andreeva entered the main interview room with the sole objective of causing mischief. She interjected with a question. “What is the best thing about working with Mirra Andreeva?” the new French Open champion asked. When Martínez responded by explaining that she most values playing Uno against Andreeva and always winning, the 19-year-old raised her eyebrows and moved towards the exit. “That’s it? Have fun,” she said, smiling. As Andreeva left the room, Martínez wondered aloud if she had just been fired. Continue reading...

GE Aerospace remains optimistic that it can secure more aircraft-engine orders from China after President Donald Trump and his Chinese counterpart Xi Jinping met in Beijing last month and manufacturing partner Boeing Co. came home an initial batch of commitments. A Chinese proposal to purchase 200 Boeing jets was an important first step toward reopening sales in the country, GE Chief Executive Officer Larry Culp said in a Bloomberg TV interview on Sunday. “I think the foundation was laid, the door is open,” Culp said at the annual general meeting of the International Air Transport Association. President Xi’s planned trip to the US in September could lead to additional orders for Boeing and GE. GE continues to see strong demand for its aircraft engines and spare parts from airlines around the world, despite concerns about surging fuel prices denting demand for air travel. GE expects spare-part demand to grow 40% in 2026, as airlines prepare for the expected rebound in demand when the US war in Iran ends, Culp said. “The lesson from the pandemic was: things come back, they come back stronger,” the executive said. The engine maker is continuing development of its RISE open-fan next generation engine that Culp said will help improve fuel efficiency as well as reliability. Some airlines executives have expressed skepticism about the design, and are instead seeking reliability improvements on existing models. Alongside working on existing engines, GE sees a need to develop a new turbine that will be ready for the next generation of narrowbody engines that are 10 or 15 years away, Culp said.

Africa Finance Corporation President and CEO Samaila Zubairu sits down with Bloomberg to discuss $2 billion syndicated loan. (Source: Bloomberg)

France testing AI battlefield system in NATO excercise Euronews.com

Cheng Chia Huang/Getty Images News Nvidia ( NVDA ) Chief Executive Jensen Huang said the company's newly unveiled Vera data-center processor will incorporate memory supplied by SK Hynix, signaling a deeper partnership between the two companies as demand for AI infrastructure continues to expand, Bloomberg News reported. Speaking to reporters in Seoul on Sunday after meeting SK Group Chairman Chey Tae-won, SK Hynix CEO Kwak Noh-Jung and other executives, Huang said Nvidia expects its business with the South Korean memory maker to grow substantially through the second half of this year and into 2027. The announcement is significant for investors because it reinforces SK Hynix's position as a key supplier in the AI hardware supply chain and highlights Nvidia's push beyond graphics processors into the lucrative server CPU market. The move could strengthen revenue prospects for both companies as cloud providers and enterprise customers increase spending on AI infrastructure. Huang said Nvidia's Vera processor, which the company recently introduced as its first standalone data-center CPU, will use SK Hynix dynamic random-access memory, or DRAM. He characterized the chip as a major step forward in processor technology and indicated that Nvidia is preparing for a significant increase in business activity with SK Hynix. Vera represents Nvidia's most direct challenge yet to established server processor providers, including Intel's Xeon franchise and AMD's Epyc lineup. The chip also positions Nvidia against custom processors developed by major cloud operators such as Amazon's Graviton family. Huang arrived in South Korea on Friday as part of a broader tour of key partners and suppliers. He is expected to meet executives from Samsung Electronics, Hyundai Motor Group and LG Group during his visit. The Nvidia chief also said the company is in discussions with telecommunications operators about the future role of network infrastructure in artificial intelligence. He suggested tele...

Cheng Chia Huang/Getty Images News Nvidia ( NVDA ) Chief Executive Jensen Huang said the company's newly unveiled Vera data-center processor will incorporate memory supplied by SK Hynix, signaling a deeper partnership between the two companies as demand for AI infrastructure continues to expand, Bloomberg News reported. Speaking to reporters in Seoul on Sunday after meeting SK Group Chairman Chey Tae-won, SK Hynix CEO Kwak Noh-Jung and other executives, Huang said Nvidia expects its business with the South Korean memory maker to grow substantially through the second half of this year and into 2027. The announcement is significant for investors because it reinforces SK Hynix's position as a key supplier in the AI hardware supply chain and highlights Nvidia's push beyond graphics processors into the lucrative server CPU market. The move could strengthen revenue prospects for both companies as cloud providers and enterprise customers increase spending on AI infrastructure. Huang said Nvidia's Vera processor, which the company recently introduced as its first standalone data-center CPU, will use SK Hynix dynamic random-access memory, or DRAM. He characterized the chip as a major step forward in processor technology and indicated that Nvidia is preparing for a significant increase in business activity with SK Hynix. Vera represents Nvidia's most direct challenge yet to established server processor providers, including Intel's Xeon franchise and AMD's Epyc lineup. The chip also positions Nvidia against custom processors developed by major cloud operators such as Amazon's Graviton family. Huang arrived in South Korea on Friday as part of a broader tour of key partners and suppliers. He is expected to meet executives from Samsung Electronics, Hyundai Motor Group and LG Group during his visit. The Nvidia chief also said the company is in discussions with telecommunications operators about the future role of network infrastructure in artificial intelligence. He suggested tele...

Short-Term Bitcoin Holders Are Realizing Their Largest Losses On Record; Most Oversold Since 2018 Collapse After this week's bloodbath ... Bitcoin is now flashing its most oversold signal since 2018, raising the odds of a relief rebound toward $70,000 in the coming weeks. The extremely oversold reading followed a roughly 30% decline in BTC over the past month, as geopolitical risks , higher oil prices , fading hopes for a 2026 Federal Reserve rate cut, and panic over Strategy’s latest Bitcoin sale weighed on sentiment . In addition, there was some online chatter seems to speculate that retail investors may be selling crypto to chase the biggest IPO ever. The Elon Musk-owned rockets, satellite and AI company SpaceX is selling up to 30% of its record $75 billion offering straight to retail investors through Robinhood, Fidelity and Charles Schwab, more than three times the slice a typical IPO sets aside for individuals. The roadshow opened Thursday already oversubscribed, with more orders than shares on offer, Bloomberg reported. It is offering shares at a $1.8 trillion valuation. Bitcoin fell roughly 16% over the same timespan and briefly traded below $60,000 before recovering to around $61,000. Oversold readings this extreme often appear near seller-exhaustion zones where short-term buyers begin positioning for a relief rebound. In 2018, the collapse was triggered in large part by the SEC's regulatory crackdown on ICOs, announcing its first civil penalties against Paragon and CarrierEQ/Airfox. But, the 2018 bear market was already underway due to the bursting of the 2017 ICO bubble, regulatory uncertainty (China bans, etc.), exchange hacks, and fading retail hype. November was more of a capitulation phase than a new shock. In 2020, Bitcoin’s RSI dropped to around 15.56 before BTC rebounded by about 50%, helped by the Federal Reserve’s emergency shift to near-zero interest rates and large-scale bond purchases. In February 2026, for instance, BTC’s daily RSI dropped to...

Anna Moneymaker/Getty Images News The May CPI report, released on June 10, just got a whole lot more important. The May jobs report triggered a sharp sell-off in the market on June 5 as a hotter-than-expected report raised expectations for a Fed rate hike . That, coupled with overcrowded positioning , sent the S&P 500 lower by more than 2.6% and the Nasdaq 100 down by almost 4.8%. The job report may have made it clear that the Fed's dual mandate is no longer a concern for the job market. In fact, non-farm payrolls came in stronger than expected, the household survey showed strong gains, and, more importantly, the number of unemployed workers fell meaningfully. BLS The report increased the odds of a rate hike at the December 2026 meeting to 65%, with the market pricing in a Fed Funds rate of 3.86%. As a result, the two-year rate closed at 4.15%, its highest level since February 2025. Now, the market will face another big test with the May CPI report due on June 10. Analysts forecast inflation to have risen by 0.5% month-over-month, slower than the 0.6% in April, and to surge to 4.2% year-over-year, up from 3.8%. Meanwhile, Core CPI is expected to rise by 0.3% month-over-month, down from 0.4%, and to rise by 2.9%, up from 2.8%. If the reading comes in as expected, the Fed will face a three-month annualized rate of change of about 8.3% and a six-month rate of change of 5.4%. The strong jobs report, coupled with a third consecutive month of elevated inflation and an accelerating trend, will make it difficult for the market and the Fed to ignore whether the rise in oil proves temporary or not. Macrobond Betting markets such as Kalshi largely agree with that view and expect headline CPI to surge by 0.5% and by 4.2% y/y. But Kalshi actually sees core CPI rising by just 0.2% m/m , which would be slower than analysts' estimates, while core CPI is still climbing by 2.9% y/y. On the other hand, CPI swaps indicate that the headline y/y rate of change may come in hotter than exp...

有何亮点？ 2026年即将过半，沪市并购重组市场持续活跃。今年以来，沪市新增重组290余家次，包括重大资产重组新增24家次，合计金额超1300亿元。 就在6月的第一周，沪市并购市场添加一单百亿收购。兖矿能源（600188.SH）拟以164.15亿元现金收购大股东电力资产，一次性并入火电、风电、光伏、储能、售电全链条资产。 在大体量的产业整合不断“上新”的同时，基于产业逻辑的控制权变更并购也不断，今年以来沪市控制权转让的案例超过20单；并购的另一个缩影，则是沪市公司通过并购进行转型升级或者布局前沿科技。 具体就大体量产业整合来看，既有资源类企业期望通过并购“加固”产业链控制力，也有大规模券业整合持续“上新”。 比如，紫金矿业（601899.SH）控股子公司拟以55亿加元（约合人民币280亿元）现金收购Allied Gold Corporation（联合黄金）全部股权，联合黄金核心资产为非洲的三座大型金矿。兖矿能源今年4月宣布，通过控股子公司兖煤澳洲收购红隼集团100%权益，进而间接持有红隼煤矿80%权益，交易对价上限为24亿美元（约超过人民币160亿元），红隼煤矿为澳洲产量最大的井工冶金煤矿之一。 有业内人士分析称，在美伊冲突持续扰乱全球能源供应链、地缘博弈日益复杂的背景下，具有资源禀赋和全产业链优势的战略性资产逐渐走入全球资本视线，而并购成为资源龙头企业直接加固“护城河”的选择。从近期资源龙头的收购看，收购动机“不止于储量”，更是基于主动卡位优质战略资源、深度参与全球矿产定价权与产业话语权的“长远布局”。 2026年券业整合也有提速之势。5月7日，东方证券（600958.SH）披露重组方案，拟通过发行A股股份及支付现金方式收购上海证券100%股权；5月19日，中金公司（601995.SH）吸收合并东兴证券和信达证券的重组草案发布，交易金额1139亿元，合并后公司行业排名由第五位提升至第三位；6月3日，东吴证券（601555.SH）发布发行股份及支付现金收购东海证券83.68%的重组草案，标的作价超过115亿元。 在上述业内人士看来，券商的整合浪潮并非源于短期套利动机，而是服务国家战略、建设一流投行的必然要求，通过并购做大净资本，券商得以有力参与注册制、科创投融资、跨境投行、产业并购等重资本业务，全面适配新质生产力发展及资本市场对外开放的发展大局。 并购市场的产业逻辑...

AMD board partners reportedly expect RDNA 5 GPUs in mid to late 2027 VideoCardz.com

Africa Finance Corporation President and CEO Samaila Zubairu speaks on raising $2 billion via a syndicated loan. (Source: Bloomberg)

格隆汇6月7日丨以色列总理办公室当地时间7日宣布，以内阁已一致批准总理内塔尼亚胡的决定，任命什穆埃尔·本·埃兹拉为新任国家安全顾问兼国家安全委员会主席。内塔尼亚胡于上周宣布了这一涉及以色列安全政策关键职位的提名。据悉，本·埃兹拉此前曾领导“箭-3”式导弹防御系统的开发项目，并曾担任以色列国家安全总局（辛贝特）行动技术与网络部门负责人。

The arms race to build AI data centers is on, and these companies provide critical inputs.

Key PointsCopper and electricity demand by data centers is soaring.

Bank of America resets Nvidia stock forecast after CFO meeting thestreet.com

格隆汇6月7日丨据NBC新闻，特朗普表示，即使他认为伊朗的防御和进攻能力已经严重削弱、临时停火协议脆弱且经常遭到破坏，目前也没有将美军撤出中东的计划。“我们已经彻底摧毁了他们的军事力量，”他说。“他们还剩下一些导弹和无人机。”他还补充说，他认为伊朗只剩下战前导弹库存的“21%到22%”。但这并不意味着部署到该地区的5万名美军士兵很快就会回国。特朗普说：“把他们留在那里花费很少。”他后来又补充道：“我认为这样做（撤出美军）很愚蠢，因为我们或许可以利用美军驻军”来迫使伊朗在谈判桌上让步。

全球海洋渔业治理与发展系列活动近日在沪举行。为响应世界环境日号召，活动发布《全球海洋渔业治理青年倡议》，呼吁全球青年面向联合国可持续发展目标，关注打击非法捕捞议题，投身科研合作、公众传播与志愿服务，共同推动建设负责任渔业体系。 活动还以全球青年视野，展出“中国渔业印象”征集活动优秀作品。“中国渔业印象”征集活动由上海海洋大学联合中国水产科学研究院、中国远洋渔业协会发起，得到中国海洋大学、大连海事大学、上海海事大学等多所高校支持参与。 来自越南、印尼、缅甸、汤加、老挝、巴基斯坦等25个国家的青年创作者，以摄影、视频和图文等形式，真实记录他们眼中中国生态渔业、智慧渔业的建设成果以及中外渔业合作的暖心故事。10件优秀作品获得表彰，10位创作者被授予“海外合作交流使者”称号。(新华社)

The upcoming FIFA World Cup, hosted across North America, is projected to generate a record $11 billion in revenue. However, there are some questions on the actual benefits for the United States playing host. Bloomberg Business of Sports Columnist Adam Minter came on Bloomberg This Weekend to discuss what hosting such an event means for the host country. (Source: Bloomberg)

Key PointsVanguard Long-Term Treasury ETF offers a significantly lower expense ratio than iShares iBoxx $ Investment Grade Corporate Bond ETF.

Israel claimed it was attacking Hezbollah command centers in response to attacks on northern Israel Israel had already struck the southern suburbs of the Lebanese capital at least twice since the first agreement between the Lebanon state and Israel went into effect as part of the 17 April ceasefire, under which Washington sought to constrain Israel from striking Beirut in return for a halt in Hezbollah fire towards northern Israel. Today’s strikes on Beirut are likely to derail US peace talks with Iran as Tehran has made it clear that Israel’s assault on Lebanon must end for that conflict to end. Continue reading...