Tag: business news
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BofA thinks ASML isn’t under threat from China, and that investors are overreacting
The bank said replacing the Dutch company’s presence in China is a high hurdle.
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Elevated energy prices, AI capex binge puts the Fed and Kevin Warsh in a tough spot
Fed Chairman Kevin Warsh and many of his devotees have argued that some short-term price pain can be tolerated in anticipation of AI eventually suppressing inflation.
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Wells Fargo is moving to the sidelines on this apparel stock, says good news is priced in
The bank downgraded the apparel stock to equal weight from overweight.
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Analysis: Kevin Warsh’s Fed press conference will be revealing even without a rate hike
Warsh will reveal how he weighs energy shocks, AI-driven price pressure, the Fed’s task forces and pressure from Trump.
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CrowdStrike will be the cybersecurity winner in the AI agentic era, Loop Capital says
The investment firm initiated coverage on the cybersecurity company with a buy rating.
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UPS beats earnings expectations, raises full-year guidance
UPS beat Wall Street expectations and raised its full-year guidance in its second-quarter earnings report Tuesday.
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Supreme Court approval hits record low as Republicans’ support declines
The Trump administration saw some big losses at the Supreme Court in 2026 on issues involving tariffs, birthright citizenship and the Federal Reserve.
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Indonesian stocks stage massive turnaround, hitting bull market status after clocking a five-year low just last month
Attractive valuations, quick intervention by regulators and a return of foreign investors have helped propel Indonesian stocks reach bull-market status.
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Anthropic CEO Dario Amodei says AI company isn’t advocating for ban of open-weight models
Critics have questioned why Anthropic didn’t sign an industry letter last week in support of open-weight models.
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Jim Cramer issues a warning to investors trading with borrowed money
“If you’re borrowing money to buy something related to the data center, then tomorrow morning, 9:30 a.m., sell it no matter what,” said CNBC’s Jim Cramer.
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