A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. Mike Segar | Reuters The S&P 500 closed at a record on the last trading day of May, but only a handful of stocks — focused mostly in the AI area — hit their own all-time highs. This strange occurrence echoes wha...
A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. Mike Segar | Reuters The S&P 500 closed at a record on the last trading day of May, but only a handful of stocks — focused mostly in the AI area — hit their own all-time highs. This strange occurrence echoes what happened at the top of dotcom bubble 26 years ago. On Friday, just 20 of the index members hit a record. Of those 20, just seven were not directly related to AI. Michael Hartnett at Bank of America pointed out in a note to end last week that it was just 20 stocks that hit new highs at the very top of the internet bubble in March 2000. While the widely followed strategist said the "speculative price action" is likely not over yet, this occurance is the latest sign that it is nearing. Hartnett believes central banks and rising interest rates will ultimately spell the end, giving clients a "post-bubble" roadmap. The May stock boom was driven largely by semiconductors, specifically memory chip makers like Micron Technology , Advanced Micro Devices , SK Hynix and Samsung, which are all valued at or near a trillion dollars. AMD soared 50% on the month, Micron jumped 85%, Samsung 43% and SK Hynix 81%. The tech-heavy Nasdaq Composite jumped 25% in April and May, its best two-month stretch in more than two decades. Narrow bull A growing number of strategists and investors are concerned that if this bull market doesn't start to broaden out, it will ultimately be its undoing. Advance-decline lines, which show the number of stocks rising compared to the number falling, have exhibited a similar trend, surging at the end of March and then falling back in a bearish sign since the middle of April. "Internals have lagged since the initial April surge," Ari Wald wrote in a May 23 technical analysis for Oppenheimer. Only about 55% of S&P 500 constituents were trading above their 200-day mov...
Latest figures show the company’s delivery performance has worsened compared with the previous year Business live – latest updates The postal regulator has launched an investigation into Royal Mail for once again missing its annual delivery targets, with almost a quarter of first-class mail arriving late. The company, which has been fined £37m since 2023 for routinely failing to meet delivery targ...
Latest figures show the company’s delivery performance has worsened compared with the previous year Business live – latest updates The postal regulator has launched an investigation into Royal Mail for once again missing its annual delivery targets, with almost a quarter of first-class mail arriving late. The company, which has been fined £37m since 2023 for routinely failing to meet delivery targets set by Ofcom, revealed on Friday that 24.3% of first-class mail failed to arrive on time in the year to the end of March. Continue reading...
NicoElNino/iStock via Getty Images The upcoming IPO of SpaceX is gathering a lot of attention. Space has already been an area of interest due to increased global threat levels to which emerging space companies can provide novel defense solutions and lower costs and a push for sovereign space-based defense solutions is also providing a tailwind to space companies. At the same time, we note that the...
NicoElNino/iStock via Getty Images The upcoming IPO of SpaceX is gathering a lot of attention. Space has already been an area of interest due to increased global threat levels to which emerging space companies can provide novel defense solutions and lower costs and a push for sovereign space-based defense solutions is also providing a tailwind to space companies. At the same time, we note that the valuation that SpaceX is pursuing cannot be reasonably supported by just the space and space connectivity business but includes a substantial portion of AI growth prospects which come at high scaling cost. For investors, it may be interesting to look at alternative ways to ride the prospects of SpaceX with an increased focus on space and space-based connectivity. One of the potential investment candidates is Filtronic ( FLTCF ). Filtronic Provides RF Solutions To SpaceX And The Aerospace And Defense Industry In an SA Asks article focusing on SpaceX alternatives, I already marked Filtronic as an alternative and that is not the first time I highlighted the potential. In April, I already had conversations with subscribers of The Aerospace Forum and since then the stock price has increased 65%. The one-year stock price performance of Filtronic is +215.8% and the company now has a $1.16 billion market capitalization. So, one risk for Filtronic is simply that investors have already positioned themselves for this possible investment appeal for Filtronic. RF solutions and markets for Filtronic (Filtronic Investor Presentation) The reason why Filtronic came to mind is that it is a supplier to SpaceX. Filtronic provides radio frequency or RF solutions for the Aerospace & Defense industry including space and terrestrial telecommunications. The band for which it provides solutions ranges from the UHF or Ultra High Frequency To D-band solutions. The company derives most of its revenue from a single customer. While this customer is not named as such, it is almost certainly SpaceX accoun...
He's "Full Of Sh!t": JPMorgan CEO Jamie Dimon Slams Coinbase's Armstrong, Declares War On Clarity Act JPMorgan Chase CEO Jamie Dimon has drawn a battle line in Washington: the Clarity Act, as written, is dead on arrival - and Coinbase CEO Brian Armstrong is the enemy driving it. In a Fox Business interview late last week, Dimon unloaded on the pending crypto market structure legislation, calling i...
He's "Full Of Sh!t": JPMorgan CEO Jamie Dimon Slams Coinbase's Armstrong, Declares War On Clarity Act JPMorgan Chase CEO Jamie Dimon has drawn a battle line in Washington: the Clarity Act, as written, is dead on arrival - and Coinbase CEO Brian Armstrong is the enemy driving it. In a Fox Business interview late last week, Dimon unloaded on the pending crypto market structure legislation, calling it a threat to the financial system and a gift to an industry that wants the privileges of banking without the responsibilities. “It allows cryptocurrency firms to effectively pay interest on deposits - stablecoins or something like that - without the protection that they should have,” Dimon said. “It has almost no legal protections.” Jamie Dimon went on Fox and called Brian Armstrong "full of sh!t" over stablecoins. 😳 Jamie is the GOAT. Love him or loathe him, you absolutely know where he stands. What stood out to me in the clip was to hear the CEO of America's biggest bank promise to fight, and admit he… pic.twitter.com/Jjbfj7zim9 — Simon Taylor (@sytaylor) May 31, 2026 As Micah Zimmerman reports for BitcoinMagazine.com, Dimon's core argument: if a crypto platform walks like a bank and talks like a bank, it needs to be regulated like one. That means Anti-Money Laundering compliance, Bank Secrecy Act obligations, FDIC insurance, capital requirements, liquidity rules, and the full weight of financial oversight that traditional banks carry. The Clarity Act, in his view, lets crypto firms skip all of it. The fight over stablecoin rewards sits at the center of the dispute. Banks say allowing crypto exchanges to pay customers for holding stablecoins would accelerate deposit flight from traditional institutions — a ticking clock on the business model that has defined American banking for a century. Crypto advocates counter that such incentives are a natural evolution of payments infrastructure. The bill’s markup is approaching, and neither side is backing down. Dimon also flagged...
Alexey Zakirov/iStock via Getty Images NCS Multistage Holding ( NCSM ) up 11% pre-market Monday after Weatherford International ( WFRD ) said it agreed to acquire the energy technology company in a deal valued at ~$151M, with stockholders electing to receive either Weatherford common shares or a combination of stock and cash. Under the deal terms, NCS Multistage ( NCSM ) stockholders can elect to ...
Alexey Zakirov/iStock via Getty Images NCS Multistage Holding ( NCSM ) up 11% pre-market Monday after Weatherford International ( WFRD ) said it agreed to acquire the energy technology company in a deal valued at ~$151M, with stockholders electing to receive either Weatherford common shares or a combination of stock and cash. Under the deal terms, NCS Multistage ( NCSM ) stockholders can elect to receive either 0.554 shares of Weatherford ( WFRD ) common stock at closing, or a combination of 0.239 shares of Weatherford common stock and a cash amount equal to 0.137 shares of Weatherford common stock at closing. Weatherford ( WFRD ) said NCS Multistage ( NCSM ) brings a complementary technology portfolio aimed at supporting the optimization of oil and gas well completions and field development strategies, expanding the company's offerings in the well completions segment while deepening its capabilities in the unconventional space. Weatherford ( WFRD ) said it expects to realize at least $15M in annual run-rate cost synergies from the deal over a period of 18 months. More on Weatherford International and NCS Multistage Weatherford: Still A Hold, As Oil And Gas Sector Sends Mixed Picture Weatherford International Q1 2026 Earnings Call Presentation NCS Multistage: Evaluation After The Recent Developments
Tech stocks looked set to rise on Monday, although for once the blue-chip Dow looked set to outshine the Nasdaq 100. Futures tracking the Dow jumped 280 points, or 0.6%, in early trading, while the Nasdaq was up just 0.
Tech stocks looked set to rise on Monday, although for once the blue-chip Dow looked set to outshine the Nasdaq 100. Futures tracking the Dow jumped 280 points, or 0.6%, in early trading, while the Nasdaq was up just 0.
Michael M. Santiago/Getty Images News Anthropic ( ANTHRO ) is going to give the EU’s cybersecurity agency access to its most powerful model Claude Mythos, which can find and exploit security vulnerabilities in IT systems, Bloomberg News reported, citing people with knowledge of the matter. The U.S. AI giant is going to let ENISA join Project Glasswing, an initiative to let selected organizations t...
Michael M. Santiago/Getty Images News Anthropic ( ANTHRO ) is going to give the EU’s cybersecurity agency access to its most powerful model Claude Mythos, which can find and exploit security vulnerabilities in IT systems, Bloomberg News reported, citing people with knowledge of the matter. The U.S. AI giant is going to let ENISA join Project Glasswing, an initiative to let selected organizations test Mythos capabilities, the report added . Anthropic communicated the decision to the European Commission over the weekend. Commission officials traveled to San Francisco on Thursday to ask Anthropic executives for access to the model, following weeks of discussions, the report added. Anthropic and the European Commission did not immediately respond to Seeking Alpha's request for comment. A spokesperson for the Commission said discussions with Anthropic were progressing and declined to comment further, according to the report. Last month, the European Commission noted that it was in discussions with OpenAI ( OPENAI ) for the company's GPT-5.5-Cyber model and with Anthropic for Mythos. In April, Anthropic unveiled Claude Mythos Preview, a general-purpose frontier model, which the company called its "most capable yet for coding and agentic tasks." Mythos can identify unknown flaws in IT systems, and this has triggered anxiety across the globe. More on Anthropic Wall Street Lunch: First Step To AI Getting An Oscar Anthropic Is Taking Over Enterprise Wall Street Lunch: Anthropic Tries To Contain Claude Code Instruction Leak AI IPO wave is said to shift investor focus to Asia’s supply chain Appian CEO says time of subsidized AI will end soon
Investing.com -- Software stocks rallied broadly on Monday after Nvidia CEO Jensen Huang dismissed concerns that the industry faces disruption from advanced AI tools.
Investing.com -- Software stocks rallied broadly on Monday after Nvidia CEO Jensen Huang dismissed concerns that the industry faces disruption from advanced AI tools.
Tell us about your best coastal boltholes that won’t blow the budget – the top tip wins £200 towards a Coolstays break Finding affordable hotel accommodation in Europe’s coastal hotspots in summer can be a challenge, especially if you’d rather not settle for a soulless budget chain or youth hostel. Whether it’s a grand old hotel on the French Riviera that oozes faded glamour or a charming guesthou...
Tell us about your best coastal boltholes that won’t blow the budget – the top tip wins £200 towards a Coolstays break Finding affordable hotel accommodation in Europe’s coastal hotspots in summer can be a challenge, especially if you’d rather not settle for a soulless budget chain or youth hostel. Whether it’s a grand old hotel on the French Riviera that oozes faded glamour or a charming guesthouse on the Amalfi coast, we’d love to hear about European seaside hotels that feel special without blowing the budget. The best tip of the week, chosen by Tom Hall of Lonely Planet wins a £200 voucher to stay at a Coolstays property – the company has more than 3,000 worldwide. The best tips will appear in the Guardian Travel section and website. Continue reading...
IREN ( IREN ) said it has closed a $3.65B investment-grade GPU financing facility to support the delivery of its AI Cloud contract with Microsoft ( MSFT ). The package includes a $2.1B U.S. private placement and a $1.55B delayed-draw term loan, with the financing backed by the company's GPUs and related contracted cash flows. Together with customer prepayments, the facility funds $5.59B of the $5....
IREN ( IREN ) said it has closed a $3.65B investment-grade GPU financing facility to support the delivery of its AI Cloud contract with Microsoft ( MSFT ). The package includes a $2.1B U.S. private placement and a $1.55B delayed-draw term loan, with the financing backed by the company's GPUs and related contracted cash flows. Together with customer prepayments, the facility funds $5.59B of the $5.81B (~96%) of GPU capex under the Microsoft contract at an average financing cost of 3.31% and strengthens IREN’s capital structure as the company continues to execute on its expansion to 480MW of AI Cloud capacity by the end of 2026. Goldman Sachs ( GS ) and J.P. Morgan ( JPM ) served as joint lead managers and arrangers. The offering included participation from a broad group of global financial institutions, asset managers and insurance investors. More on IREN Limited IREN: Software Capabilities Expand, But Financial Strains Loom Large IREN: The Pricing Power Breadcrumbs Are Starting To Add Up Why IREN Limited Could Outperform Nebius Now IREN signs $1.6B deal with Dell to deploy Blackwell systems; ARR seen rising to $4.4B Russell 3000 tech shuffle: CoreWeave set to enter while MicroVision exits