President Donald Trump met with the CEOs of Boeing, Lockheed Martin, and Honeywell at the White House on Wednesday, pressing them to speed up weapons production hours after the White House asked Congress for $87.6 billion in supplemental spending tied largely to the Iran war, according to CNBC. The timing cuts against the administration’s other
Every investor eventually buys one thing not for the upside but for the comfort. It is the asset you tuck away so you can sleep through a bad headline, the one that is supposed to hold its value when stocks wobble, when inflation bites, when the dollar feels shaky. For a generation of savers, precious
SoFi acquired Composer and is launching an artificial intelligence-powered investing platform. The tool helps users create, test, and automate trading strategies using everyday language. The move adds to a growing fintech race to keep retail investors engaged with AI tools. SoFi Technologies (SOFI) shares rose Tuesday after the fintech company announced a new push into
Not only has the Iran War driven up energy costs for Americans, but higher prices — not all related to oil — for many goods and services are erasing our desperately needed wage gains. Federal Reserve Bank of Chicago President Austan Goolsbee has had enough. He said he remains concerned aboutinflation and questioned whether all
The global investment bankJefferies just added a fresh twist to the Tesla (TSLA) stock debate. According to TheFly, veteran analyst Philippe Houchois kept his cautious stance on Tesla, but his latest take goes beyond deliveries, margins, robotaxis or EV demand. His concern is tied to SpaceX (SPCX), and it could change how investors think about
Every technology boom eventually gets a villain the public can picture. For the railroads, it was land grabs. For artificial intelligence (AI), it became a data center quietly drinking a town’s water while a chatbot wrote someone’s emails. That picture is not imaginary. Massive computing warehouses run hot, and the cheapest way to keep thousands
Bank of America Global Research economists expect the Federal Reserveto raise interest rates three times this year due to Chair Kevin Warsh’s more hawkish stance and the nation’s overall economic resilience despite the Iran War. BofA revised its forecast after the Fed left the benchmark federal funds rate unchanged June 17 as almost half of
Microsoft (MSFT) CEO Satya Nadella sat for a Wall Street Journal interview on June 21 and spent most of the time discussing a problem that goes well beyond Microsoft: who gets to control how AI develops, who captures the gains from it, and what happens when the answer is too few people? He had already
Needham recently raised its price target on Micron Technology (MU) to $1,550 from $500, tripling its outlook two days before the company’s earnings report. That kind of leap usually follows a blowout quarter, not before one. Hours after the new target sent shares higher, Micron stock reversed hard on Tuesday, caught in a broader selloff
Intel (INTC) has gained about 263.09% year to date at the time of writing, Tuesday afternoon, June 23. Meanwhile, the SPDR S&P 500 index (SPY) is up about 8.04% in the same period. Intel stock has outpaced the S&P 500 by a wide margin, thanks to its position in the semiconductor sector, which is rallying