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BlackRock: 'AI Is Sucking All The Oxygen Out Of The Room'—And Bitcoin Is Choking On It
Benzinga97d agoneutral
BlackRock: 'AI Is Sucking All The Oxygen Out Of The Room'—And Bitcoin Is Choking On It

BlackRock Managing Director Robert Mitchnick says AI investment is draining capital away from Bitcoin, with weakness evident in Bitcoin’s 20% slide over the past month. Mitchnick Says US Debt Fears Could Reignite Bitcoin Around The Midterms Mitchnick argued on Monday that Bitcoin’s weak stretch since October has little to do with crypto-specific problems and everything to do with capital flooding into AI instead. He noted gold and other traditional inflation hedges have faced the same pressure a

Gold Pressured by Stronger Dollar, Rate-Hike Concerns
Barrons.com97d agoneutral
Gold Pressured by Stronger Dollar, Rate-Hike Concerns

Gold prices fell, extending the previous session's losses as a stronger U.S. dollar and growing expectations of interest-rate hikes this year weighed on sentiment. "Limited support came from rising Treasury bonds as lower energy prices ease concerns about inflation," analysts at Saxo Bank said.

US Stock Market Today: S&P 500 Futures Slide As Rate Hike And Growth Worries Build
Simply Wall St.97d agoneutral
US Stock Market Today: S&P 500 Futures Slide As Rate Hike And Growth Worries Build

The Morning Bull - US Market Morning Update Wednesday, Jun, 24 2026 US stock futures are pointing lower this morning, with E-mini S&P 500 contracts down about 1.5% and Nasdaq-100 futures weaker by more than 2.7%, as investors juggle two big forces. First, the US 10 year Treasury yield sits near 4.5%, which means higher borrowing costs for households and businesses and keeps the focus on a possible Federal Reserve rate hike in September. Second, Europe’s latest purchasing manager indexes show...

Earnings Updates, PCE Inflation Data: What to Watch This Week
The Wall Street Journal97d agoneutral
Earnings Updates, PCE Inflation Data: What to Watch This Week

Investors are looking forward to another week of chip-stock reveals. Qualcomm has its investor conference, and Micron reports earnings a day after a sharp decline in its stock. The Federal Reserve meanwhile will get another data point on the inflation picture, with the PCE (price consumption expenditures) index.

Fiserv (FISV) Names Takis Georgakopoulos CEO As Cybersecurity Lawsuit Moves Ahead
Simply Wall St.98d agobearish
Fiserv (FISV) Names Takis Georgakopoulos CEO As Cybersecurity Lawsuit Moves Ahead

A federal judge denied Fiserv's motion to dismiss a lawsuit challenging its cybersecurity practices. The decision keeps the case active and puts additional focus on Fiserv's data protection controls and client obligations. At the same time, Fiserv appointed Takis Georgakopoulos as CEO following the abrupt departure of Mike Lyons. For investors tracking Fiserv, ticker NasdaqGS:FISV, the combination of an ongoing cybersecurity lawsuit and a sudden CEO change is front and center. The stock...

Mark Zandi Says Top 20% Of Americans Now Account For Nearly 60% Of Spending As Bottom 80% Fall Behind Inflation
Benzinga98d agobearish
Mark Zandi Says Top 20% Of Americans Now Account For Nearly 60% Of Spending As Bottom 80% Fall Behind Inflation

Moody’s Analytics chief economist Mark Zandi has warned that America’s stark economic divergence remains “firmly intact,” as newly updated data reveal a bruising financial reality in which the bottom 80% of earners are losing the battle against inflation, while top earners dominate national consumption. The Spending Divide Deepens According to Zandi’s updated estimates, households in the top 20% of the income distribution—defined as those earning over $175k annually—now account for an “astoundin

FedEx boost revenue behind premium parcel, freight volumes
FreightWaves98d agoneutral
FedEx boost revenue behind premium parcel, freight volumes

FedEx reported strong quarterly results, driven by growth in package volumes and yields as the company focuses on high-margin logistics business. The post FedEx boost revenue behind premium parcel, freight volumes appeared first on FreightWaves.

FedEx (FDX) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks98d agoneutral
FedEx (FDX) Reports Q4 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for FedEx (FDX) give a sense of how the business performed in the quarter ended May 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Costco makes moves amid shaky economy
TheStreet98d agoneutral
Costco makes moves amid shaky economy

Costco Wholesale keeps proving its critics wrong. While tariff fears, rising gas prices, and a shaky global economy have rattled many retailers, the warehouse giant keeps delivering. Its latest earnings report and monthly sales update paint a picture of a company gaining ground. And ...

Is Rigetti (RGTI) Becoming a Strategic Pillar of U.S. Quantum and AI Security Policy?
Simply Wall St.98d agoneutral
Is Rigetti (RGTI) Becoming a Strategic Pillar of U.S. Quantum and AI Security Policy?

In recent days, Rigetti Computing secured up to US$100 million in milestone-based CHIPS Act funding and gained fresh policy support from new U.S. executive orders prioritizing quantum technology and post-quantum cryptography. This combination of non-debt federal capital and explicit government backing for superconducting quantum systems highlights Rigetti’s growing role in critical national AI and security infrastructure. We’ll now examine how this CHIPS Act funding and policy support could...

How Investors May Respond To Bank of America (BAC) Projecting Three Fed Rate Hikes Starting September
Simply Wall St.98d agoneutral
How Investors May Respond To Bank of America (BAC) Projecting Three Fed Rate Hikes Starting September

Earlier this month, Bank of America revised its outlook for Federal Reserve policy, now expecting three quarter-point rate hikes starting in September amid persistent inflation and a resilient labor market. This shift in the bank’s Fed view matters because higher-for-longer policy rates can reshape funding costs, loan demand, and profitability assumptions across the financial sector. Next, we’ll examine how Bank of America’s more hawkish Fed forecast could reshape its investment narrative...

Wall Street Is Fixated on 4.2% Inflation: Here Is the 1 Unstoppable AI Kingpin I Keep Accumulating on Repeat
24/7 Wall St.98d agoneutral
Wall Street Is Fixated on 4.2% Inflation: Here Is the 1 Unstoppable AI Kingpin I Keep Accumulating on Repeat

I keep buying ASML (NASDAQ:ASML), and every time Wall Street has a fresh panic attack about 4.2% inflation, I find another reason to hit the button again. The macro crowd is staring at the wrong screen. I am staring at a Dutch lithography company that generates substantial cash because it builds the machines that make ... Wall Street Is Fixated on 4.2% Inflation: Here Is the 1 Unstoppable AI Kingpin I Keep Accumulating on Repeat

FedEx Earnings Beat Expectations. The Stock Is Falling Anyway.
Barrons.com98d agoneutral
FedEx Earnings Beat Expectations. The Stock Is Falling Anyway.

Shares of shipper FedEx fell after the company beat expectations for fourth quarter earnings and revenue and sees continued profit growth this year. Shares fell 4.4% in after hours trading to $303.29. FedEx reported fourth quarter revenue of $25 billion and adjusted earnings of $6.21 a share.

FedEx shares drop on weak profit forecast as Q4 results top estimates
Proactive98d agobearish
FedEx shares drop on weak profit forecast as Q4 results top estimates

FedEx Corp (NYSE:FDX, XETRA:FDX) shares fell nearly 5% in after-hours trading on Tuesday after the package delivery company issued fiscal 2027 earnings guidance that came in below Wall Street expectations, overshadowing stronger-than-expected fourth quarter results. FedEx projected fiscal...

FedEx tops Q4 earnings estimates, stock drops
Yahoo Finance Video98d agobearishVIDEO
FedEx tops Q4 earnings estimates, stock drops

International courier service FedEx (FDX) topped fiscal fourth quarter estimates on adjusted earnings ($6.31 per share vs. expectations of $5.97). The stock is dropping in Tuesday's after-hours trading. Market Domination Overtime Anchor Josh Lipton takes a closer look at FedEx's earnings release.