Reported 2 months ago
The U.S. economy added 139,000 jobs in May, slightly down from April but exceeding expectations, while the unemployment rate held steady at 4.2%. Despite concerns over potential economic slowdown from tariff disruptions, the labor market remains robust as employers exhibit reluctance to lay off workers. Experts suggest that while the job market has shown resilience, future uncertainties may impact hiring.
Source: YAHOO
Reported 2 months ago
Northland has increased its price target for Vitesse Energy (VTS) from $19 to $20 while maintaining a Market Perform rating. This adjustment follows Vitesse's announcement of a $24M legal settlement with Hess Corp, marking an unexpected positive development for the firm.
Source: YAHOO
Reported 2 months ago
High Roller Technologies has provided an update on its Q2 performance, highlighting significant progress in its strategic initiatives. CEO Ben Clemes announced an anticipated 50% decrease in operating loss for April 2025, alongside strong improvements in key performance indicators, particularly in Finland. The company also strengthened its leadership with experienced hires and submitted a gaming license application for Ontario's online market, alongside a new partnership with Playtech.
Source: YAHOO
Reported 2 months ago
Bell Media is partnering with Magna to introduce a new advertising pilot in Toronto, utilizing unique ad placements on vehicles from Magna's City Delivery program. This initiative aims to enhance brand visibility and engagement in key urban areas through innovative out-of-home advertising solutions.
Source: YAHOO
Reported 2 months ago
Tesla shares have regained value after a contentious back-and-forth between CEO Elon Musk and President Donald Trump began to cool, easing fears about potential political repercussions for the company. Early trading saw shares rise by about 5% following indications that Musk is open to reducing tensions with Trump. The previous day's conflicts had notably eroded over $150 billion from Tesla's market value, prompting fears of regulatory challenges and further declines. Analysts suggest that while the relationship may not fully revert to its previous state, any reduction in hostility would benefit Tesla.
Source: YAHOO
Reported 2 months ago
Lululemon's stock has experienced a significant drop, its worst in over five years, following warnings that tariffs will negatively affect profits. The company has adjusted its full-year earnings forecast downward, facing a decline in store visits and increasing competition. CEO Calvin McDonald expressed concerns over the current retail climate attributed to tariffs, while plans for modest price increases on select items have been announced. Despite challenges, Lululemon maintains a strong cash position, allowing it some financial flexibility.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
In a recent public clash between Elon Musk and Donald Trump, it was Musk who yielded after significant financial losses, with Tesla's stock plummeting and his net worth dropping by $34 billion. Originally allies during the presidential campaign, the duo's relationship soured over Musk's criticism of Trump's policies, particularly regarding tax legislation impacting electric vehicles. After the market backlash from their feud, Musk attempted to ease tensions, acknowledging the need for a cool-off, but it remains uncertain if Trump is willing to reconcile.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
In its second fiscal quarter of 2025, Broadcom reported revenue growth of 20% year-over-year, surpassing expectations with $15 billion in earnings. CEO Hock Tan anticipates continued acceleration in AI-related revenue, as both semiconductor and software segments posted solid gains. Despite the positive results, Broadcom's stock dipped following the announcement, likely due to high investor expectations.
Source: YAHOO
Reported 2 months ago
US stock markets surged on Friday as the S&P 500 surpassed the 6,000 mark following a positive jobs report that showed 139,000 jobs added in May, exceeding expectations. Investor optimism increased as tensions between President Trump and Tesla CEO Elon Musk began to cool, particularly after Musk walked back his threats regarding NASA's Dragon spacecraft. The Dow Jones Industrial Average rose over 500 points, while Tesla shares gained around 3.85% amidst signs of potential reconciliation between the two powerful figures.
Source: YAHOO
Reported 2 months ago
Xylo Technologies has confirmed that Viewbix has received approval to list its shares on the Nasdaq Capital Market under the symbol 'VBIX'. This follows Xylo's indirect ownership of Viewbix through Gix Internet. Trading is expected to start around June 5, 2025, pending compliance with Nasdaq regulations.
Source: YAHOO
Reported 2 months ago
Baiya International Group (BIYA) has announced a partial waiver of the IPO lock-up restrictions by allowing the sale of up to 2,950,000 shares held by certain investors, effective June 5, 2025. The decision involves underwriters Cathay Securities and Revere Securities and does not affect the lock-up for the remaining shares sold during the company's recent IPO.
Source: YAHOO
Reported 2 months ago
Omada Health, a virtual chronic care company, is set to debut on the Nasdaq this Friday after pricing its initial public offering at $19 per share, within its expected range of $18 to $20. The company plans to offer 7.9 million shares and has given underwriters the option to purchase an additional 1.185 million shares. Trading will commence under the ticker 'OMDA.'
Source: YAHOO
Reported 2 months ago
Arete analyst Andrew Beale has started coverage of CoreWeave with a Neutral rating and a $130 price target, while expressing a preference for Nebius, which is seen as having a lower fundamental valuation. Both companies operate in the neo cloud and AI hyperscaler space, but Nebius's stock has recently seen a price increase, unlike CoreWeave, which has decreased. The dynamics of GPU compute demand and revenue capabilities will likely influence the trading of both stocks.
Source: YAHOO
Reported 2 months ago
Mercurity Fintech Holding (MFH) has announced a strategic partnership with SBI Digital Markets to enhance the adoption of tokenized real-world assets and ensure their global distribution through compliant investment solutions. This collaboration aims to connect institutional capital with tokenized assets while adhering to regulatory standards. MFH's subsidiary, Chaince Securities, will facilitate the distribution of SBI's tokenized offerings, targeting institutional investors and high-net-worth individuals, while SBI will provide the necessary tokenization technology.
Source: YAHOO
Reported 2 months ago
Ocean shipping rates have skyrocketed by 88% for trans-Pacific routes since May 3, reaching $6,100 per forty-foot equivalent unit, as shippers react to a temporary pause in U.S.-China tariffs. Analysts note this surge reflects shippers' urgency to move goods, leading major liner operators to increase spot rates significantly. The trend is mirrored in other regions, indicating a broader impact on global supply chains, though this spike is anticipated to be temporary as capacity returns and supply chain pressures ease.
Source: YAHOO
Reported 2 months ago
India has granted a crucial license to Elon Musk's Starlink, paving the way for the satellite provider to deliver commercial internet services in the nation. This approval comes amidst Musk's public disputes with the U.S. government and follows his discussions with Prime Minister Narendra Modi about expanding internet access in India's vast rural areas. To finalize operations, Starlink must also gain approval from India's space regulator and address pricing challenges, as mobile data in India is among the cheapest globally.
Source: YAHOO
Reported 2 months ago
Elon Musk has significantly distanced himself from Donald Trump by not only opposing the president's 'One Big Beautiful Bill Act' but also criticizing various aspects of Trump's agenda, including tariffs and national debt. Musk's public comments suggest he believes Trump's tariffs could lead to an economic recession, and he has called for reforms within the political system itself. The situation has escalated into personal attacks, with Musk alleging misconduct against Trump, leading to tensions between them and potential implications for upcoming elections.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Fortinet (FTNT) has launched a new AI-powered Workspace Security Suite called FortiMail Workspace Security and significant upgrades to its FortiDLP solutions, aiming to enhance protection for modern enterprises against insider risks and external threats. The updated FortiMail platform now offers comprehensive security features beyond email, including browser and collaboration security, empowering organizations to better safeguard sensitive data and user productivity in a rapidly changing threat landscape.
Source: YAHOO
Reported 2 months ago
BMO Capital has increased its price target for CrowdStrike Holdings, Inc. (NASDAQ: CRWD) from $405 to $500 while maintaining an 'Outperform' rating. Analysts highlight CrowdStrike's solid quarterly performance and comprehensive security offerings, projecting sustained 20% revenue growth through fiscal year 2027. The firm's customer commitment packages are expected to boost recurring revenue, even as analysts acknowledge the stock's high valuation. Overall, CrowdStrike ranks 8th among notable AI stocks in terms of news and ratings.
Source: YAHOO
Reported 2 months ago
On June 3rd, Workday, Inc. introduced a new AI developer toolset at its annual conference, Workday DevCon 2025. This toolset allows developers to customize and connect AI applications and agents within the Workday platform. Key features include an Agent Gateway for seamless collaboration, AI Widgets for personalized assistance in HR and finance applications, and expanded API support for integrating Workday AI services. Additionally, Workday has enhanced its Developer Copilot to boost coding efficiency by over 50% and introduced a command-line interface to streamline development tasks.
Source: YAHOO
Reported 2 months ago
Brown-Forman's stock plummeted by 17% to $27.80 following its fourth quarter earnings report, which revealed an earnings per share of 31 cents compared to 56 cents the previous year. The company has also forecasted a decline in fiscal year 2026 organic net sales. Meanwhile, Boeing reached a $1.1 billion settlement to avoid criminal charges related to 737 MAX crashes, and oil futures have seen an increase as economic uncertainties continue to affect investor sentiment.
Source: YAHOO