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Why IBM Stock Crashed 25% Even as AI Spending Exploded
Insider Monkey72d agobearish
Why IBM Stock Crashed 25% Even as AI Spending Exploded

International Business Machines Corporation (NYSE:IBM) lost 25.2% on July 14, erasing about $68 billion in market value in the stock’s worst session on record. At first glance, the sell-off appears contradictory amid the still-robust AI investment cycle. Gartner expects worldwide AI spending to jump 47% to $2.59 trillion in 2026, with $1.43 trillion going to […]

Upstart (UPST) Stock Still Looks Fully Valued Following A 75% Slump
Simply Wall St.73d agobearish
Upstart (UPST) Stock Still Looks Fully Valued Following A 75% Slump

Upstart Holdings stock has had a tough run over the last five years, with the share price well below where it was, yet the current valuation checks still suggest the stock is not an obvious bargain. Recent news around a renewed US$600m forward-flow agreement with Neuberger Specialty Finance adds a fresh funding signal into an already complex picture for what investors are paying for Upstart today. Over the past five years, Upstart Holdings shareholders have seen the stock decline about 75%,...

Will Near-Complete REGAL Phase 3 GPS Data and New Executive Terms Change SELLAS Life Sciences Group's (SLS) Narrative
Simply Wall St.73d agobearish
Will Near-Complete REGAL Phase 3 GPS Data and New Executive Terms Change SELLAS Life Sciences Group's (SLS) Narrative

Earlier this week, SELLAS Life Sciences Group highlighted that its REGAL Phase 3 trial of galinpepimut-S (GPS) in acute myeloid leukemia has reached 78 of the 80 required overall survival events, bringing the pivotal data readout within sight. Investor interest has also been shaped by amended executive employment agreements that include change-of-control benefits, feeding speculation about potential corporate developments alongside the awaited GPS results. With the REGAL Phase 3 GPS data...

Bloomberg73d agobearish
Walmart Removes Four Taylor Farms Salads as Recalls Spread

(Bloomberg) -- Walmart Inc. said it has removed four bagged iceberg lettuce salad products manufactured by Taylor Farms as recalls tied to a cyclosporiasis outbreak expand. Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesTaylor Farms Pulls Mexican Lettuce as Parasite Cases RiseChip Stocks Slide Into Bear Market in AI Unwind: Markets WrapSpaceX Slump Wipes Out $1 Trillion in Market Value From PeakGoogle Gemini Launch Delayed as Tech Falls Short of Internal Goal

Chevron (CVX) Cuts 9,000 Jobs As Record Oil Output Reshapes Its Workforce
Simply Wall St.73d agobearish
Chevron (CVX) Cuts 9,000 Jobs As Record Oil Output Reshapes Its Workforce

Chevron (NYSE:CVX) is cutting 9,000 jobs even as it reports record oil production. The company cites increased automation and changing investor priorities as key drivers of the move. The restructuring focuses on reducing costs and reshaping Chevron’s global workforce. Chevron is a major integrated energy company with operations that span upstream production, refining, and related services. The decision to cut 9,000 jobs during a period of record oil output highlights how automation and new...

GRID’s 0.56% Fee Pays for AI Power Exposure That Broad ETFs Miss
24/7 Wall St.73d agobearish
GRID’s 0.56% Fee Pays for AI Power Exposure That Broad ETFs Miss

A smart grid ETF with a 0.56% fee sounds like a niche trade, but GRID's unusual mix of electrical contractors, European transmission operators, and chip companies has quietly outpaced both utility and industrial benchmarks by a wide margin. The question is whether the portfolio construction justifies the cost or whether cheaper funds already cover the same ground.

Meta, Anthropic drop bombshell news on AI market
TheStreet73d agobearish
Meta, Anthropic drop bombshell news on AI market

Last October, Mark Zuckerberg mentioned almost in passing that companies kept asking Meta if they could buy computing capacity from it, at a premium. It sounded like a hypothetical. On July 17, the New York Times turned it into a very real story. Meta and Anthropic are in early talks for a ...

Giant Eagle drops prices on 300 items before its sale
TheStreet73d agobearish
Giant Eagle drops prices on 300 items before its sale

If you shop at Giant Eagle, your grocery bill could look noticeably different this month, and the savings are broader than you might expect. The chain rolled out price cuts across more than 300 products, and those reductions will remain in effect through the first week of September. ...

Another popular soda giant closes warehouse operation, cuts 184 jobs
TheStreet73d agobearish
Another popular soda giant closes warehouse operation, cuts 184 jobs

A warehouse shift in Tulsa will result in 184 job cuts, even as production lines beside it continue to operate. TheStreet recently reported that Coca-Cola is closing a Massachusetts bottling plant, while Mars-owned Nature’s Bakery is transferring production from a Missouri facility to other ...

How P&G’s Latest Dividend Hike Amid Cost Cuts Will Impact Procter & Gamble (PG) Investors
Simply Wall St.73d agobearish
How P&G’s Latest Dividend Hike Amid Cost Cuts Will Impact Procter & Gamble (PG) Investors

In July 2026, Procter & Gamble’s board declared a quarterly dividend of US$1.0885 per share on both its common stock and Series A and B ESOP Convertible Class A Preferred Stock, payable on or after August 17 to shareholders of record on July 24. This latest payout extends P&G’s seven-decade pattern of increasing dividends, underscoring management’s emphasis on consistent cash returns alongside recent cost-cutting and operational changes. We’ll now examine how P&G’s continued dividend growth,...

Is Venture Global’s (VG) Fiduciary Probe Quietly Reframing Its Management Credibility Narrative?
Simply Wall St.73d agobearish
Is Venture Global’s (VG) Fiduciary Probe Quietly Reframing Its Management Credibility Narrative?

Recently, Purcell & Lefkowitz LLP announced it is investigating Venture Global, Inc. on behalf of shareholders, focusing on whether the company’s directors breached their fiduciary duties in connection with recent corporate actions. This investigation brings corporate governance and board decision-making at Venture Global into sharper focus, raising fresh questions about management oversight and shareholder protections. Next, we’ll examine how this shareholder-focused fiduciary investigation...

Etsy (ETSY) Gets UK Clearance To Sell Depop To eBay
Simply Wall St.73d agobearish
Etsy (ETSY) Gets UK Clearance To Sell Depop To eBay

UK Competition and Markets Authority clears eBay’s acquisition of Depop from Etsy (NYSE:ETSY). Approval allows Etsy to move ahead with the divestment of Depop to eBay. Decision signals a shift in Etsy’s business mix and potential future capital deployment. Etsy runs a global marketplace focused on unique and handcrafted goods, sitting alongside larger generalist platforms and niche resale apps. The UK approval for transferring Depop to eBay comes as online commerce continues to evolve...