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Jeff Bezos Wants to Eliminate Income Taxes for Half of America: Here’s His Plan
24/7 Wall St.120d agoneutral
Jeff Bezos Wants to Eliminate Income Taxes for Half of America: Here’s His Plan

Jeff Bezos walked the factory floor at Blue Origin on May 20, 2026 and used a CNBC interview to propose zero federal income tax for any American earning $75,000 a year or less. He framed wealth inequality as a government efficiency problem, anchoring his argument around a single working person. “There’s this tale of two ... Jeff Bezos Wants to Eliminate Income Taxes for Half of America: Here’s His Plan

Here Are Friday’s Top Wall Street Analyst Research Calls: Best Buy, Cogent Communications, Dell Technologies, EPAM Systems, Federal Realty, Gap, Snowflake, Viper Energy, and More
24/7 Wall St.120d agobullish
Here Are Friday’s Top Wall Street Analyst Research Calls: Best Buy, Cogent Communications, Dell Technologies, EPAM Systems, Federal Realty, Gap, Snowflake, Viper Energy, and More

Pre-Market Stock Futures: Futures are trading higher after yet another winning day for Wall Street, as all major indices finished the day higher after starting the session lower. Once again, all four indices we track for readers posted all-time highs as the AI/Data Center, Memory Chip rally continues to roll on. Healthcare and consumer stocks ... Here Are Friday’s Top Wall Street Analyst Research Calls: Best Buy, Cogent Communications, Dell Technologies, EPAM Systems, Federal Realty, Gap, Snowfl

Steve Liesman: Fed Pivots to Inflation Fight Under Incoming Chair Warsh
24/7 Wall St.120d agoneutral
Steve Liesman: Fed Pivots to Inflation Fight Under Incoming Chair Warsh

Jerome Powell passed the Federal Reserve gavel to Kevin Warsh while the committee appears to be drifting opposite to where the incoming chair has historically wanted to go. That is what CNBC’s Steve Liesman walked through, citing remarks from two Fed presidents speaking overseas and a voting governor speaking the day before. Austan Goolsbee was ... Steve Liesman: Fed Pivots to Inflation Fight Under Incoming Chair Warsh

Mark Cuban Sold Bitcoin—Strategy CEO Says He Simply Found The 'Next Best Thing'
Benzinga120d agoneutral
Mark Cuban Sold Bitcoin—Strategy CEO Says He Simply Found The 'Next Best Thing'

Strategy Inc. (NASDAQ:MSTR) CEO Phong Le pointed out the differing strategies between traders and long-term investors on Thursday, responding to Mark Cuban's recent decision to sell his Bitcoin (CRYPTO: BTC). Jumping To The ‘Next Thing’ During a Fox Business interview, Le was asked about the billionaire investor’s move, which surprised many in the cryptocurrency community. After all, Cuban is the same person who once aggressively endorsed Bitcoin as a hedge against inflation, only to sell “most”

Inflation Jumps...But So Do Tech Stocks
MoneyShow120d agobullish
Inflation Jumps...But So Do Tech Stocks

Yesterday’s inflation report showed the highest year-over-year reading in almost three years. Even after stripping out energy prices, core PCE is sitting at a multi-year high. But investors have still been looking through the data and leaning into the tech trade, observes Bret Kenwell, US investment analyst at eToro US.

Dell shares rocket on bullish forecast for AI demand
Reuters Videos120d agoneutralVIDEO
Dell shares rocket on bullish forecast for AI demand

<body><p>STORY: :: Dell</p><p>Dell shares rocketed higher in after-hours trade Thursday, jumping around 39%.</p><p>The surge came after the computer maker lifted revenue and profit expectations.</p><p>Dell says it is seeing soaring demand for AI-optimized servers used in data centers.</p><p>It’s benefiting as tech giants like Alphabet and Amazon plan to spend over $700 billion on AI-related infrastructure this year.</p><p>Dell now expects annual revenue of up to $169 billion - way up on the previous forecast of up to $142 billion.</p><p>AI server revenue is expected to hit $60 billion for fiscal 2027, $10 billion up on previous expectations.</p><p>The company has been adjusting prices constantly as strong global demand causes the cost of memory chips to soar.</p><p>:: Dell</p><p>On a call with analysts, Chief Operating Officer Jeff Clarke said he knew customers were feeling the pain.</p><p>But he said there was little sign of inflationary pressure easing.</p><p>One analyst told Reuters that Dell looked well placed to cope with the chip shortage, helped by its scale and strong relationships with suppliers.</p></body>

Jamie Dimon spills beans on his next big JPMorgan deal
TheStreet120d agoneutral
Jamie Dimon spills beans on his next big JPMorgan deal

Every Jamie Dimon appearance gets parsed like a Federal Reserve statement. Markets move on a single sentence. Reporters strip-mine each quote for hints. That is the price of running the country's largest bank. For most of his two-decade run at JPMorganChase (JPM), Dimon has been the patient CEO. He ...

Wall St hits more record closing highs on US-Iran ceasefire extension
Reuters Videos120d agoneutralVIDEO
Wall St hits more record closing highs on US-Iran ceasefire extension

<body><p>STORY: Wall Street's main indexes notched more record closing highs on Thursday, as the Dow ticked up marginally, the S&P 500 added more than half a percent and the Nasdaq climbed nearly one percent.</p><p>Sources told Reuters the U.S. and Iran reached a draft agreement to extend their ceasefire for 60 days and lift restrictions on shipping through the Strait of Hormuz, though President Donald Trump had yet to approve it.</p><p>Meanwhile, economic data on Thursday showed that U.S. inflation in April rose at its fastest pace in three years and first-quarter GDP was revised lower.</p><p>Chris Kampitsis, managing partner at Barnum Financial Group, said the economic overhang is still being offset by an AI trade that just won't quit.</p><p>"The way I've been describing the impact of the geopolitical events and inflation and interest rates to clients is that all of this represents a drag on the market and a drag on the economy. Concurrently, we have some pluses. We have some accelerants in the form of AI technology and exceptional corporate earnings. Right now, the pluses are outweighing the negatives. If we didn't have this overhang, you could only imagine where the market's results might be as it continues to participate in this euphoric run through what is in essence a technological revolution that we're experiencing."</p><p>:: Archive</p><p>Reflecting that AI euphoria, shares of Dell soared more than 16% in extended trading after the company boosted its annual revenue and profit expectations. Dell reported that data center expansion by clients is fueling demand for its AI-optimized servers powered by Nvidia's chips.</p><p>Snowflake shares soared 36% after the data analytics firm lifted its annual product revenue forecast and announced a five-year AI infrastructure deal worth $6 billion with Amazon Web Services. Peers Datadog and MongoDB also climbed.</p><p>Elsewhere in the market, shares of Dollar Tree jumped almost 18% after the discount retailer lifted its full-year profit forecast, while Best Buy rose nearly 16% after the electronics vendor forecast second-quarter sales above estimates.</p><p>On the flip side, shares of Gap tumbled 14% in extended trading after the apparel chain cut its annual sales forecast, signaling pressure from budget-strained Americans pulling back on discretionary spending amid macroeconomic uncertainty.</p></body>

AI Predicts What XRP Looks Like If Ripple Gets A Fed Master Account
24/7 Wall St.120d agoneutral
AI Predicts What XRP Looks Like If Ripple Gets A Fed Master Account

Ripple (CRYPTO: XRP) has spent years trying to plug into the traditional financial system, and Washington may finally be opening the door. President Trump’s May 19 executive order has put Ripple’s application for a Fed master account back in the spotlight, and the crypto market is paying attention. XRP is trading around $1.28 today after ... AI Predicts What XRP Looks Like If Ripple Gets A Fed Master Account

Trump’s Rate Cuts Could Light a Fire Under This Vanguard ETF
24/7 Wall St.121d agobearish
Trump’s Rate Cuts Could Light a Fire Under This Vanguard ETF

The Federal Reserve has not been generous with rate cuts lately, and the Vanguard Small-Cap Value ETF (NYSEARCA:VBR) has the kind of interest rate sensitivity that makes that hurt. Small-cap value names carry more floating-rate debt than the megacaps weighting the S&P 500, so every meeting the Fed delays, VBR holders are paying the carry ... Trump’s Rate Cuts Could Light a Fire Under This Vanguard ETF

Berkshire Stock Falls After Railroad Merger Hits Snag
The Wall Street Journal121d agobearish
Berkshire Stock Falls After Railroad Merger Hits Snag

Class A shares of Berkshire Hathaway, owner of BNSF Railway, reversed earlier gains on Thursday after a federal regulator pushed pause on its review of the blockbuster merger between Union Pacific and Norfolk Southern. BNSF, which competes with Union Pacific in the Western U.S., has previously said that the proposed merger will "concentrate too much control of the nation's freight market with one railroad leading to long-term harm to competition and resilience in the nation's supply chain." "BNSF remains firmly opposed to the proposed UP–NS merger," the Berkshire-owned railroad said in a statement on Thursday.

Century Aluminum, Stock Of The Day, Rides Major Roll Into Buy Range
Investor's Business Daily121d agobullish
Century Aluminum, Stock Of The Day, Rides Major Roll Into Buy Range

Century Aluminum is Thursday's IBD Stock Of The Day as the largest U.S. aluminum producer is humming like rarely before thanks to Trump tariffs and fallout from the Middle East conflict. The good news has legs, which is why CENX stock continued to rise within buy range even amid a report that U.S. and Iranian negotiators see eye-to-eye on a potential 60-day ceasefire. Aluminum prices climbed 0.8% to a four-year-high $3,650 per metric ton and have climbed around 18% since the conflict began Feb. 28, according to CME Group data.