Reported about 1 month ago
BigBear.ai Holdings, Inc. (BBAI) saw a drop of -2.87% in its stock price to $3.72, surpassing the S&P 500's decline of 1.13%. Despite a 5.22% increase in shares over the past month, it still lagged behind the Computer and Technology sector gains of 7.36%. The upcoming earnings report is anticipated to show an EPS of -$0.07, which represents a significant drop from the previous year's quarter, while revenue is projected to be $40.99 million, a 3.04% increase year-over-year. Currently, BBAI holds a Zacks Rank of #4 (Sell), indicating challenges in the near term.
Source: YAHOO
Reported about 1 month ago
Meta's recent $14.8 billion investment in Scale AI, along with the hiring of its CEO, is a significant test case for how AI partnership deals are viewed under the current regulatory environment. This nonvoting stake avoids direct antitrust scrutiny, but may still attract investigation if perceived as an attempt to limit competition. Critics, including Senator Elizabeth Warren, argue that this deal could violate federal laws aimed at preventing anti-competitive practices, highlighting the complex landscape of AI investments amidst evolving regulatory scrutiny.
Source: YAHOO
Reported about 1 month ago
As geopolitical tensions rise following Israeli attacks on Iranian nuclear sites, Wall Street remains surprisingly stable, with traders hesitant to flee despite oil prices spiking and market fluctuations. The S&P 500 ended the week slightly down, reflecting a trend of investors buying the dip amidst ongoing crises. With concerns of escalating conflict and potential tariffs looming, the market braces for the weekend, highlighting the delicate balance between optimism and risk.
Source: YAHOO
Reported about 1 month ago
In May, the Port of Los Angeles experienced a significant 19% drop in import volumes compared to April, primarily due to the impacts of President Trump's tariffs on US businesses. Port Executive Director Gene Seroka indicated that high tariffs and uncertainty are likely to affect inventory levels, especially as the peak retail season approaches. As importers face increased costs from tariffs, overall cargo handling at the port decreased to about 717,000 containers, with imports specifically declining to 356,000 units. Despite this, U.S. importers paid record customs duties, reflecting the financial strain of elevated tariffs.
Source: YAHOO
Reported about 1 month ago
Google, the largest customer of Scale AI, is set to sever its relationship with the data-labeling startup after learning that Meta has acquired a 49% stake in the company. This shift threatens Scale AI's business as other major tech firms, worried about sharing proprietary data with a rival, also reconsider their contracts. Scale AI has been successful, generating $870 million in revenue in 2024, but now faces the risk of losing key clients like Google as competition for AI data labeling heats up.
Source: YAHOO
Reported about 1 month ago
Next week's Federal Reserve meeting is expected to maintain the benchmark interest rate as officials remain cautious about economic influences, particularly concerning President Trump's tariffs that could affect inflation. While Trump continues to urge for a rate cut, the Fed aims to evaluate the economic response before making any changes, with recent job market and inflation data supporting their decision to hold rates steady.
Source: YAHOO
Reported about 1 month ago
The International Atomic Energy Agency (IAEA) reported that, while Israeli strikes damaged some facilities at Iran's Natanz uranium-enrichment site, the critical underground area for enrichment appears unaffected. IAEA Director General Rafael Mariano Grossi stated that radioactivity levels outside Natanz remain stable, although there is contamination inside the facilities, and noted concerns about the military actions breaching international norms. Iran has communicated measures to protect its nuclear stockpile amidst these escalations.
Source: YAHOO
Reported about 1 month ago
On June 13, 2025, the S&P 500 dropped by 1.1% as geopolitical tensions escalated between Israel and Iran, with investors reacting to associated risks. Payment processors suffered losses due to potential stablecoin launches from major retailers. Meanwhile, Oracle's shares surged 7.7% after strong quarterly results, while oil prices rose amidst concerns of supply disruptions, benefiting oil and gas stocks. The Dow and Nasdaq also fell, highlighting the overall decline in major U.S. equities.
Source: YAHOO
Reported about 1 month ago
Several companies aiming to launch exchange-traded funds (ETFs) for the cryptocurrency Solana have submitted amended filings to the U.S. Securities and Exchange Commission (SEC). These changes seek to address the regulator's questions, though sources indicate that the SEC is not rushing to approve these launches.
Source: YAHOO
Reported about 1 month ago
Oil prices surged by 7% due to fears of disrupted global crude supplies following heightened tensions between Israel and Iran, leading to a significant drop in US stocks. The S&P 500 fell 1.1%, while major indices like the Dow Jones and Nasdaq also reported losses. Investors are apprehensive that escalating violence could impact oil flow, causing prices to rise, which in turn raises concerns about inflation and economic stability.
Source: YAHOO
Reported about 1 month ago
On June 13, 2025, major US stock indexes saw significant declines due to concerns over escalating violence in the Middle East following Israel's strike on Iranian targets. The S&P 500 dropped 1.1%, erasing weekly gains, while the Dow fell 769 points and the Nasdaq edged down 1.3%. Crude oil prices surged nearly 7% as fears of supply disruptions mounted, contributing to rising Treasury yields amid inflation worries. Year-to-date, the S&P 500 remains up 1.6%, while the Russell 2000 index has declined 5.8%.
Source: YAHOO
Reported about 1 month ago
World stock markets experienced a decline while oil prices surged as Israel conducted military strikes on Iran, leading to increased demand for safe havens like gold and the dollar. In response to the attacks, Iran launched missiles at Israel, escalating tensions in the region. The price of Brent crude oil jumped over 13% before settling at $74.23 per barrel. Meanwhile, major stock indices fell, with the Dow Jones down 1.8% and the S&P 500 down 1.1%. Investors are also preparing for potential protests across U.S. cities amid rising concerns related to immigration issues.
Source: YAHOO
Reported about 1 month ago
President Trump's weekend is packed with significant events, beginning on Saturday with a military parade celebrating the U.S. Army's 250th anniversary, coinciding with Trump’s 79th birthday and Flag Day. The parade will showcase military history with vintage vehicles and 6,700 soldiers participating. It is also expected to be marked by protests against authoritarianism across the country. Following the parade, Trump will travel to Canada for the G7 summit to discuss crucial topics including trade, security, and artificial intelligence.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
A week that began with optimism regarding U.S.-China trade talks ended negatively as geopolitical tensions between Israel and Iran triggered a spike in oil prices and a selloff in global stocks. Though a framework deal was reached between Washington and Beijing, the looming risks from the Middle East and the weakening dollar suggest ongoing uncertainty in the markets. Key commodities like oil and gold saw significant fluctuations, while major central banks prepare for critical policy decisions that may affect future market stability.
Source: YAHOO
Reported about 1 month ago
Anne Wojcicki successfully secured a $305 million bid for 23andMe, surpassing Regeneron Pharmaceuticals' previous offer during a bankruptcy auction. Following a decline in demand and a significant data breach, 23andMe filed for bankruptcy earlier this year. The deal is expected to finalize after a court hearing on June 17, with assurances to maintain customer privacy.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Bank of America has appointed Satish Arcot from JPMorgan Chase as the new managing director to lead its capital markets division in India, aiming to strengthen its investment banking presence in the region. Arcot, who has two decades of financial services experience, will be based in Mumbai and joins amidst a series of leadership changes within the bank, following the departure of senior investment bankers last November due to misconduct allegations.
Source: YAHOO