The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase
American megabanks on Tuesday gave evidence that the global artificial intelligence boom isn't just benefiting tech giants and chip makers.
Finance & markets
Zipline adds ex-Tesla, Uber, Waymo execs to make drone delivery mainstream across U.S.
South San Francisco startup Zipline is adding former Tesla and Waymo execs to its C-suite, and bringing on a former Uber executive to lead its commercial expansion, as the company scales its drone delivery service into …
Cocoa Prices Pressured as Supply Concerns Ease
May ICE NY cocoa (CCK25) today is down -76 (-0.95%), and May ICE London cocoa #7 (CAK25) is down -49 (-0.78%).
CCM Crosses Below Key Moving Average Level
Looking at the chart above, CCM's low point in its 52 week range is $3.1802 per share, with $7.15 as the 52 week high point — that compares with a last trade of $4.36.
JP Morgan Just Upgraded The Stock It Thinks Is Most Shielded From Geopolitical Crises
Geopolitical crises often create winners and losers in the stock market, but for a certain set of investors, investing remains more about surviving the uncertainties. The conflict in Iran is one such crisis that has sig…
Cotton Facing Early Tuesday Weakness
Cotton prices are down 50 to 64 points so far on Tuesday morning. Futures were mixed to start the week, with contracts down 9 to 10 points higher. Crude oil was up $6.54 on the day following increased tensions with the …
Cotton Facing Early Tuesday Weakness
Cotton prices are down 50 to 64 points so far on Tuesday morning. Futures were mixed to start the week, with contracts down 9 to 10 points higher. Crude oil was up $6.54 on the day following increased tensions with the …
New York becomes first U.S. state to impose AI data center ban
New York State Governor Kathy Hochul on Tuesday signed an executive order barring the construction of new large-scale data centers using 50 megawatts or more of power for up to one year, making the Empire State the firs…
Cattle Look to Tuesday as Beef Falls on Monday
Live cattle futures closed with contracts down 47 cents to 12 cents higher. Open interest was up 1,794 contracts on Monday. Cash trade was at $247-248 across the country, a $7-8 drop from last week. Feeder cattle future…
Goldman Sachs Names Top 3 US Lodging Stocks Ahead of Earnings
The growth-to-value rotation and reflation trades have dominated market headlines in 2021, while quality and defensive styles have barely been mentioned as their performance continues to lag on a relative basis.
Wheat Falling Back on Tuesday
Wheat is showing 3 to 5 cent losses across most contracts. The wheat complex was lower across the three exchanges. Chicago SRW contracts were fractionally to 5 cents lower on the day. Open interest was up 6,116 contract…
Cybersecurity stocks rally on AI spending change comments from IBM's Krishna
Cybersecurity stocks jumped on Tuesday after IBM CEO Arvind Krishna flagged cyber fears as a top priority for customers in the company's preliminary second-quarter results.
Stocks Settle Lower as Chipmakers Routed and US-Iran Tensions Escalate
The S&P 500 Index ($SPX) (SPY) on Monday closed down -0.79%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.88%. September E-mini S&P futures (ES…
Fed’s Warsh vows to ’do my job’ if challenged by Trump
Weeks after the end of a historic term, Supreme Court Justices Elena Kagan and Amy Coney Barrett are making a rare appearance before Congress, and facing wide-ranging questions as the high court seeks millions of dollar…
Warren Buffett cuts off donations to Gates Foundation following Epstein revelations
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Crude Oil Prices Climb as US-Iran Truce Collapses
August WTI crude oil (CLQ26) today is up +0.81 (+1.04%), and August RBOB gasoline (RBQ26) is up +0.0466 (+1.47%).
Baird Raises PT on Mastercard (MA) Stock
Mastercard Incorporated (NYSE:MA) is one of the Best Monopoly Stocks to Buy According to Hedge Funds. On July 7, Baird raised its price objective on the company's stock to $680 from $660, and maintained an "Outperform" …
Stocks Settle Lower as Chipmakers Routed and US-Iran Tensions Escalate
The S&P 500 Index ($SPX) (SPY) on Monday closed down -0.79%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.88%. September E-mini S&P futures (ES…
Stocks Rally on Fed-Friendly CPI Report
The S&P 500 Index ($SPX) (SPY) today is up +0.30%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.60%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.97%. September E-mini S&P futures (ESU26) are up +0.28%, an…
U.S. trade official says 'very few' Nvidia H200 AI chips have been shipped to China
A top U.S. trade official said on Tuesday that "very few" of Nvidia's H200 artificial intelligence chips have been shipped to China and Hong Kong.
Consumer prices rose 3.5% annually in June, less than expected as energy prices eased
Consumer prices posted their biggest decline in more than six years during June as a sharp swoon in energy prices provided at least temporary relief from this year's inflation surge, the Bureau of Labor Statistics repor…
Terreno Realty Reaches Analyst Target Price
In recent trading, shares of Terreno Realty Corp (Symbol: TRNO) have crossed above the average analyst 12-month target price of $67.53, changing hands for $68.64/share. When a stock reaches the target an analyst has set…
Warren Buffett excludes Gates Foundation from his annual donations of Berkshire stock
Warren Buffett omitted the Gates Foundation from his annual charitable stock gifts, directing all of this year's donations to four family-linked foundations. Berkshire Hathaway said the 95-year-old chairman will donate …
Supreme Court Justice Barrett says 'the threat level is really high' in budget testimony
Supreme Court Justice Amy Coney Barrett told a House subcommittee on Tuesday that "the threat level" against her and other federal judges "is really high" as she testified about the high court's 2027 budget request.