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Apple Knocks Big Tech Rivals for Making 'AI for the Sake of AI'
Barrons.com109d agoneutral
Apple Knocks Big Tech Rivals for Making 'AI for the Sake of AI'

As he announced Apple's new AI services, senior VP Craig Federighi was critical of other companies' pursuit of AI. "Some appear to be racing forward, seemingly pursuing AI for the sake of AI. without clear regard for the people--all of us--that it's ultimately meant to serve," he said.

Where the Stock Market Goes Next
Barrons.com109d agoneutral
Where the Stock Market Goes Next

Wall Street can’t agree on where it is heading next. Savita Subramanian, head of U.S. equity strategy at Bank of America and a broader market skeptic during much of the tech-paced rally that began in late March, thinks the easy market gains might be behind us. Monday’s recovery comes after Wall Street last week faced its sternest test in months, with tech leading a broader market tumble tied to accelerating bets on a Federal Reserve rate hike and the backdrop of increasing tensions in the U.S. war with Iran.

As Changing Fed Expectations Rattle Tech Stocks, This Cash-Generating Titan Is The Clear Winner
24/7 Wall St.109d agoneutral
As Changing Fed Expectations Rattle Tech Stocks, This Cash-Generating Titan Is The Clear Winner

Micron Technology (NASDAQ:MU) is the stock everyone wants to talk about right now, with shares up 202.87% year to date on an AI memory supercycle narrative that has order books reportedly stretching into 2027. But here’s what you should actually be watching. The Crowded Trade At The Top Of Its Cycle Micron just reported a ... As Changing Fed Expectations Rattle Tech Stocks, This Cash-Generating Titan Is The Clear Winner

US says BYD, Baidu and Alibaba and other tech giants are aiding China's military
Reuters109d agoneutral
US says BYD, Baidu and Alibaba and other tech giants are aiding China's military

The U.S. on Monday issued an updated list of Chinese companies it believes are aiding Beijing's military, including e-commerce group Alibaba, Internet search provider Baidu and automaker BYD. The long-awaited update supersedes ‌a list from early 2025, and comes less than a month after President Donald Trump met China's Xi Jinping on a ‌visit to Beijing, where the two leaders maintained a delicate trade war truce. In February, when Trump's trip to China had been pending, the Pentagon briefly posted an updated list, known ​as the 1260H or CMC list, but then quickly withdrew it with little explanation.

Week ahead: SpaceX readies for liftoff as inflation clouds gather
Proactive110d agoneutral
Week ahead: SpaceX readies for liftoff as inflation clouds gather

Wall Street heads into a big week after a sharp selloff rattled investors, with inflation data, Apple's annual developer conference and the highly anticipated SpaceX initial public offering set to dominate market attention. Stocks ended last week under pressure after a stronger-than-expected...

Wall Street’s ‘Fear Gauge’ Leaps. What’s Weighing Hard on the Stock Market.
Barrons.com110d agoneutral
Wall Street’s ‘Fear Gauge’ Leaps. What’s Weighing Hard on the Stock Market.

Stock market investors could be facing a specter they haven’t had to navigate since early April, when the bull market in tech caught fire and powered domestic indices out of their early year torpor and tensions between Washington and Tehran simmered into a fragile truce effort. The two-day surge in volatility follows a series of events that have tested the strength of the current tech market wave, pushed the Federal Reserve into a challenging position of moving toward rate hikes while defying President Donald Trump’s public call for easier policy, and unsettled investors hoping for an extended cease-fire agreement between the U.S. and Iran. “At the same time, growing expectations of Fed tightening have caught an investor base overweight equities and overweight emerging markets,” said ING’s Chris Turner, the bank’s global head of markets.

House endorses 25-year old rules for rail merger review
FreightWaves110d agoneutral
House endorses 25-year old rules for rail merger review

Opponents of a controversial transcontinental rail merger hailed the House transportation appropriations committee’s backing of a ‘rigorous’ review of the deal by federal regulators. The post House endorses 25-year old rules for rail merger review appeared first on FreightWaves.

SpaceX IPO, Inflation Report: What to Watch This Week
The Wall Street Journal110d agoneutral
SpaceX IPO, Inflation Report: What to Watch This Week

Investors are counting down to the end of the week when Elon Musk’s rocket maker SpaceX is expected to start trading on the Nasdaq in what could be the largest IPO on record. Also, Apple’s developer conference kicks off Monday where the tech giant will unveil its latest tools and technologies.

Japanese Stocks Slide on Tech Pullback as Iran Tensions Deepen
Bloomberg110d agoneutral
Japanese Stocks Slide on Tech Pullback as Iran Tensions Deepen

(Bloomberg) -- Japanese stocks fell by the most since March as AI shares retreated from their highs amid rising expectations that the Federal Reserve will keep rates higher for longer following strong US jobs data.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Iran After Missile Attack, Imperiling Trump TalksKor

Economy- Rising Inflation and Job Market Improvement Put Fed Hikes in Play
MoneyShow110d agoneutral
Economy- Rising Inflation and Job Market Improvement Put Fed Hikes in Play

As we’ve been predicting in recent months, labor market conditions are improving, while inflationary pressures remain elevated. We expect the Federal Reserve will shift to a tightening bias at the June meeting and will probably hike the federal funds rate in July if current trends persist, notes Ed Yardeni, editor of Yardeni QuickTakes.