Author: Admin

The second quarter is winding down, and what a quarter it has been with the up 12.6% quarter to date, while the and are both up over 20%. Despite some twists and turns, the path of least resistance for stocks broadly remained up and to the right for much of the last three months. The powerful rally and the blockbuster initial public offering (IPO) of Elon Musk’s (SPCX) have sparked the question whether market optimism has become excessive. To quote the thirteenth Chair of the Federal Reserve, Alan Greenspan, who passed away just one week ago and in 1996 famously…

People walk along the Corniche area in Doha, Qatar, on June 29, 2026. United States and Iranian negotiators are scheduled to hold high-level talks in Doha, according to media reports.Nurphoto | Nurphoto | Getty ImagesOil prices were mixed on Tuesday as energy market participants closely monitored the potential for fresh talks between the U.S. and Iran in Qatar.International benchmark Brent crude futures with August delivery were last seen up 0.3% at $72.93 per barrel. The contract is on track to end June roughly $19 lower, or 20% lower than the closing session on May 29. Brent crude futures with September…

Last week, raised prices on certain products, citing rising costs of AI memory chips. In a statement to Reuters, the company said it had “never seen a component price increase this much, this quickly” and further that it had been shielding customers from higher costs until now. There is a global shortage of memory and storage chips driven by AI data centers buying up DRAM and NAND capacity. As a consequence, Apple is increasing the MacBook Air price to $1,299 from $1,099, the MacBook Pro to $1,999 from $1,699, and the iPad Air to $749 from $599. Prices of other…

Del Monte Corporation Chairman and CEO Mohammad Abu-Ghazaleh joined Bloomberg Open Interest to explain why the iconic food brand reunited after nearly four decades and discusses easing supply chain pressures. He also reveals some surprising pharmaceutical research using pineapple-derived compounds (Source: Bloomberg)

Comcast is to spin off its media operation, which includes Sky and the Hollywood film studio, TV and theme park business NBCUniversal, into a separate publicly listed company.The move comes eight years after the US group, which said the separation will take a year to complete, acquired Sky’s European operations for £31bn.After completion of the deal investors will hold shares in Comcast, which will operate as a listed company operating broadband and mobile services to 65m US homes, as well as NBCUniversal.Brian Roberts, the co-chief executive of Comcast, said that separating the two companies would “unlock a more entrepreneurial management…

The road from believing “crypto is a scam” to “Bitcoin is a legitimate asset class” is a long way to travel, fraught with many a twist and turn.Yet against all the odds, a surprising number of high-profile skeptics have undertaken the journey unscathed and, perhaps more remarkably, without ever admitting they were wrong.The very naysayers who once warned of a “crypto apocalypse” have begun preaching the virtues of blockchain rails and launching tokenized products of their own.From Bitcoin exchange-traded funds to tokenized gold, here are five of the biggest crypto backflips. Born-again crypto convertsLarry Fink: ‘Index of money laundering’ to…

Here are Monday’s biggest calls on Wall Street: Bank of America initiates Applied Aerospace & Defense as buy Bank of America said it sees “space and defense demand” for the aerospace company. “We initiate coverage of Applied Aerospace & Defense ( AADX) with a Buy rating and a PO of $24, reflecting 23x 2027E EV/EBITDA.” Citi initiates TeraWulf as buy Citi says it sees data center expansion for the bitcoin miner. “We initiate coverage on TeraWulf with a Buy/High-Risk rating and a target of $36.” Read more. Goldman Sachs initiates Liftoff Mobile as buy Goldman said the mobile app optimization…

The Middle East financial ecosystem has achieved a major milestone in the maturation of account-to-account (A2A) payments. Financial infrastructure provider Lean Technologies and licensed fintech platform Ziina have officially gone live with the UAE’s first “One-Tap Pay by Bank” experience. Developed under the region’s live Open Finance framework, the deployment represents a definitive shift toward building the seamless, low-friction digital payment journeys required for everyday consumer use. Eliminating Redirect Friction at Checkout The new capability is engineered directly on top of Lean’s proprietary “Deposits” solution. The underlying software architecture allows Ziina users to securely link their chosen bank accounts a…

The ongoing artificial intelligence boom is continuing to have unexpected ramifications for Wall Street stocks, and the news that Apple CEO Tim Cook expects products to become more expensive as component parts grow in price could have a lasting impact on chip makers. Cook warned that price rises are “unavoidable”, having claimed that Apple (NASDAQ: AAPL) had been attempting to shield consumers from the soaring costs of component parts. In a fresh series of supply chain challenges, US import prices rose significantly in May due to the rising costs of tech equipment, plastics, and air travel, as long-standing disruption from the war…

Second-quarter European earnings are set for double-digit growth on the same period last year, but gains will be led by one sector in particular, according to analysts at Deutsche Bank. In a note published on Monday, Deutsche analysts highlighted consensus expectations of 12% earnings growth year-on-year for the quarter, following “comparably resilient economic data” from the euro zone amid geopolitical turmoil. And the analysts expect growth to exceed expectations for the period. @LCO.1 YTD line Oil prices soared in the wake of the Iran war, lifting earnings in the energy sector “On the back of strong positive revisions into the…