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Oil Retreats — Heard on the Street Wednesday Recap
The Wall Street Journal137d agoneutral
Oil Retreats — Heard on the Street Wednesday Recap

Oil prices fell on a new report of progress in negotiations. Iran’s state broadcaster reported that a draft framework being negotiated with the U.S. includes restoring commercial shipping to prewar levels within a month. President Trump, speaking at a cabinet meeting, signaled that he was prepared to keep negotiating but didn’t exclude further military action.

5 Must-Read Analyst Questions From Deere’s Q1 Earnings Call
StockStory137d agoneutral
5 Must-Read Analyst Questions From Deere’s Q1 Earnings Call

Deere’s first quarter results outpaced Wall Street expectations on both revenue and profit, yet the market responded negatively, with shares declining sharply. Management attributed the quarter’s performance to strong demand in construction and small agriculture equipment, alongside positive impacts from one-time tariff refunds. However, elevated production costs and persistent margin headwinds, especially in the large agriculture segment, weighed on operating profitability. CFO Josh Beal emphas

Exclusive-ByteDance developing custom CPU chips to support AI rollout, sources say
Reuters137d agoneutral
Exclusive-ByteDance developing custom CPU chips to support AI rollout, sources say

Chinese technology giant ByteDance is developing its own central processing units (CPUs) to support its growing AI infrastructure needs, three people familiar with the matter said, as surging chip prices and prolonged supply ‌shortages constrain its expansion plans. The move underscores the industry's rapid shift toward "inference," where AI models are deployed to perform agentic tasks ‌that demand more from CPUs, working in tandem with the graphics chips made by Nvidia that have dominated the AI boom. The shift has created a shortage of CPUs in recent ​months, and global hyperscalers including Alphabet's Google, Amazon and Microsoft are also developing their own custom CPUs to reduce costs and tailor performance to their specific workloads.

Space Companies Rocket Upward on SpaceX IPO Hype
The Daily Upside137d agoneutral
Space Companies Rocket Upward on SpaceX IPO Hype

SpaceX may be counting down to its IPO, but some people are just too impatient to wait for liftoff. Just look at the share price of Intuitive Machines, which flew nearly 16% on Wednesday and is up more than 125% so far this year as the company transforms from a provider of niche lunar landing gear to an all-in-one infrastructure player at the dawn of a new space age. The Houston, Texas-based company went public via a SPAC merger back in 2023 and, almost exactly a year later, its unmanned lunar lander, Odysseus, gained the distinction of delivering the first American spacecraft to the moon’s surface since the Apollo program.

World shares decline and oil prices gain more than $2 after US strikes on Iran
Associated Press137d agoneutral
World shares decline and oil prices gain more than $2 after US strikes on Iran

World shares declined Thursday following more of what the U.S. military said were defensive strikes against Iran. Oil prices gained more than $2 a barrel after having dropped sharply a day before. In early European trading, Germany's DAX was nearly unchanged at 25,175.63 and the CAC 40 in Paris lost 0.4% to 8,172.84.

Citi sets bold Pershing Square stock price target for 2026
TheStreet137d agoneutral
Citi sets bold Pershing Square stock price target for 2026

Bill Ackman finally took the keys to Pershing Square public in April, and Wall Street is now beginning to weigh in on what that company is actually worth. Citi was the first major bank to argue it could be worth a lot more than the market currently thinks. On Tuesday, May 26, the firm initiated ...

The Next Threat To Nvidia Isn't A Chipmaker — It's An IPO
Benzinga137d agoneutral
The Next Threat To Nvidia Isn't A Chipmaker — It's An IPO

For the past two years, Nvidia Corp has emerged as Wall Street’s preferred way to bet on artificial intelligence. It benefited from an arms race among AI developers scrambling to secure computing power. The next challenge to its dominance in...

Tesla's Optimus robot plan hits major snag
TheStreet137d agoneutral
Tesla's Optimus robot plan hits major snag

Tesla CEO Elon Musk let investors know early on that 2026 would be an expensive year for the company. Coming off of its first-ever decline in revenue and its second consecutive year of falling deliveries in 2025, 2026 was always going to be a pivotal year for the electric vehicle maker. Musk ...

Goldman Sachs doubles down on S&P 500 message for 2026
TheStreet137d agoneutral
Goldman Sachs doubles down on S&P 500 message for 2026

The S&P 500 has already gained more than 9% this year. Goldman Sachs just said it's not done. In a note published May 26, the bank raised its year-end target for the index. It made a specific argument about what drove the decision, and it's something every equity investor should understand. ...