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US asset managers file for first ETFs targeting Wall Street's new obsession, AI and the 'MANGOS'
Reuters112d agoneutral
US asset managers file for first ETFs targeting Wall Street's new obsession, AI and the 'MANGOS'

Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders ‌for all things AI, two asset managers disclosed plans to launch exchange-traded funds ‌linked to the new AI-stock acronym that is all the buzz on Wall Street. In what ETF market analysts described ​as the latest example of "concept investing," Yorkville America, the company that manages the Truth Social ETF franchise, and ETF industry newcomer Corgi Securities both filed late on Monday with the U.S. Securities and Exchange Commission for permission to roll out new funds pegged to the "MANGOS" moniker that ‌sprang to life on X and ⁠other social media sites ahead of the SpaceX IPO.

Investing.com112d agoneutral
Csquare files for IPO on NYSE under ticker CSQR

Investing.com -- Csquare, Inc., a North American enterprise digital infrastructure platform, filed a registration statement with the Securities and Exchange Commission on Tuesday for an initial public offering of common stock on the New York Stock Exchange under the ticker symbol CSQR. The Coppell, Texas-based company did not disclose the number of shares or price range for the offering in the preliminary prospectus dated June 16, 2026.

Micron gets aggressive stock price target from veteran analyst
TheStreet112d agoneutral
Micron gets aggressive stock price target from veteran analyst

Micron just got a fresh and full reminder that in the artificial intelligence (AI) race, memory isn't optional. Analyst’s bullish notes are landing, investors are seeing "higher DRAM demand" and "longer pricing power," and the stock is, of course, not wasting time in response. TD Cowen analyst ...

Boeing (BA): Buy, Sell, or Hold Post Q1 Earnings?
StockStory112d agoneutral
Boeing (BA): Buy, Sell, or Hold Post Q1 Earnings?

Boeing has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 10.6% to $228.58 per share while the index has gained 9.3%.

Investing.com112d agoneutral
FTC drafts complaint against Amazon over misleading ads, Bloomberg reports

The FTC has drafted a potential complaint against Amazon as part of an ongoing investigation, Bloomberg reported, with multiple state attorneys general also involved alongside the federal regulator. The agency may resolve the matter, either through a formal lawsuit or a negotiated settlement, as soon as this summer. Any final action would require a vote from the FTC's two Republican commissioners, Chairman Andrew Ferguson and Commissioner Mark Meador.

AT&T names Jennifer Biry as CFO from 2027, Desroches to retire
Reuters112d agoneutral
AT&T names Jennifer Biry as CFO from 2027, Desroches to retire

Telecom provider AT&T said on Tuesday Pascal ‌Desroches will retire as CFO ‌at the end of 2026 and that ​Jennifer Biry would succeed him. Here are more details: • Jennifer Biry, the former CFO of McAfee, is set ‌to become ⁠AT&T's CFO at the start of 2027, according to ⁠a company filing. Biry was appointed AT&T's deputy CFO on Monday.

Anthropic heads to Washington to win its AI models back
TheStreet112d agoneutral
Anthropic heads to Washington to win its AI models back

Markets like to believe that size is a kind of armor. The bigger a company gets, the safer it looks, until it stops feeling like a business and starts feeling like part of the furniture of the economy itself. That belief is doing a lot of work right now. Investors have spent the past two years ...

Intel's new manufacturing tech enters initial production
Reuters112d agoneutral
Intel's new manufacturing tech enters initial production

Intel on Tuesday said the new generation of its 18A manufacturing process ‌has entered risk production, as the chipmaker ‌sees strong demand for its central processors. Intel CEO Lip-Bu ‌Tan has started ⁠recognizing 18A as a potential offering for external clients, reversing his earlier view that ⁠the process would generate returns only through Intel's own products, finance chief David Zinsner said in March. Compared ​to ​18A, 18A-P delivers 9% ​higher performance at the ‌same power level — known as iso-power — or 18% lower power at the same processing speed, which is iso-performance, alongside improved thermals and design flexibility.

Reuters112d agoneutral
Csquare files to go public in US

Data center provider Csquare on ‌Tuesday filed for ‌an initial public offering in ​the United States. Activity in the U.S. IPO market has seen a ‌rebound, ⁠with several sectors joining in to capitalize ⁠on the investor enthusiasm for fresh ​stocks. Elon Musk's ​SpaceX ​went public in ‌New York on Friday, after a record-breaking IPO.

Amazon may face penalties from potential FTC ad suit, Bloomberg News reports
Reuters112d agoneutral
Amazon may face penalties from potential FTC ad suit, Bloomberg News reports

Amazon.com may face a U.S. Federal Trade Commission lawsuit ‌that could result in civil ‌penalties, following allegations that the e-commerce giant misled ​advertisers, Bloomberg News reported on Tuesday. The FTC has a possible complaint against Amazon as part of an ongoing probe, ‌Bloomberg reported, ⁠citing people familiar with the matter. The agency has been investigating whether Amazon and Alphabet's Google ​misled advertisers ​that place ads ​on their websites, ‌Reuters reported last year.

Investing.com112d agoneutral
Bernstein weighs in on potential Qualcomm-Tenstorrent deal

Bernstein maintained its Market-Perform rating on Qualcomm following the report, making no changes to its financial model. Rasgon wrote: "We make no changes to our model at this time, and await any further newsflow that might be forthcoming into the company's analyst day in a couple of weeks. We rate Qualcomm Market-Perform."

CDW (CDW): Buy, Sell, or Hold Post Q1 Earnings?
StockStory112d agoneutral
CDW (CDW): Buy, Sell, or Hold Post Q1 Earnings?

Over the past six months, CDW’s stock price fell to $130.14. Shareholders have lost 10.3% of their capital, which is disappointing considering the S&P 500 has climbed by 9.3%. This may have investors wondering how to approach the situation.

Oracle says details in report of failed Microsoft cloud deal 'inaccurate'
Reuters112d agoneutral
Oracle says details in report of failed Microsoft cloud deal 'inaccurate'

Oracle said on Tuesday that details in a Business Insider report on the ‌collapse of its discussions with Microsoft over a ‌potential leasing deal were inaccurate. The report had said that Microsoft's discussions ​with Oracle regarding a cloud infrastructure leasing deal have fallen apart due to security and compliance concerns. Microsoft did not immediately respond to a request for comment on the report, ‌which cited people ⁠familiar with the matter.

SpaceX Is Already Having an Impact on One Major Stock Benchmark
The Wall Street Journal112d agoneutral
SpaceX Is Already Having an Impact on One Major Stock Benchmark

The two key Nasdaq stock benchmarks will treat SpaceX very differently at first. The Nasdaq composite, a benchmark that includes virtually every stock that trades on the Nasdaq exchange, has already added SpaceX, weighted according to the company's full market cap of nearly $3 trillion. Nasdaq has long added companies listed on its exchange to this benchmark on their second day of trading.

Coinbase Launches Index-Linked Perpetual Futures for U.S. Traders
The Wall Street Journal112d agoneutral
Coinbase Launches Index-Linked Perpetual Futures for U.S. Traders

Coinbase Global said Tuesday that it is launching a slew of products, including perpetual futures contracts linked to equity indexes, in a bid to become a one-stop exchange for Americans’ trading needs. The largest U.S. crypto exchange said it is launching perpetual futures tied to indexes tracking four themes: artificial intelligence, China, defense and the top 100 Nasdaq-listed companies. Perpetual futures are a type of popular crypto derivative that never expires and trades 24/7.

Robinhood stock slides after layoff announcement
TheStreet112d agoneutral
Robinhood stock slides after layoff announcement

Robinhood Markets (NASDAQ: HOOD) was sliding in the morning market hours after it announced a fresh round of layoffs. At press time, HOOD stock was down 1.98%, trading near $96. However, ahead of the morning bell, the stock had gained between 3% and 5% in premarket hours. The Menlo ...

61-year-old 7-Eleven rival closes key stores
TheStreet112d agoneutral
61-year-old 7-Eleven rival closes key stores

In my years running a large toy store in Manchester, Conn., the biggest challenge was having the right inventory for the holiday season. While some items, like train sets and certain board games, sell every year, many of our categories were trend-driven. If I ordered space-themed Legos and kids ...

Palantir stock faces hidden AI risk after Google deal
TheStreet112d agoneutral
Palantir stock faces hidden AI risk after Google deal

Palantir Technologies (PLTR) has spent years trying to convince Wall Street that it can become one of the most important software companies in the artificial intelligence boom. Its most recent action does just that. Palantir said on June 4 its software is available through the Google Cloud ...