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Pope Leo XIV holds his weekly general audience at St. Peter’s Square in Vatican City, June 11, 2025.Massimo Valicchia | Nurphoto | Getty ImagesPope Leo warned over the weekend that a “social calamity” could come from mass unemployment due to the adoption of artificial intelligence technologies. Prediction market traders appear to think that worry isn’t misplaced.In his first encyclical, a document that is a form of teaching by the leader of the Catholic Church, Pope Leo urged the world to regulate AI. He also warned about the effects it may have on the labor market. “The pursuit of greater profits cannot…

Analyst Report: AutoNation Inc

The artificial intelligence (AI) boom has transitioned from an equity market narrative to a defining force in fixed income. Hyperscalers (, , , , and ) are shifting from internal cash flows to substantial bond issuance to fund massive data center, graphics processing unit (GPU), and power infrastructure buildouts. This marks a structural change in investment-grade (IG) credit supply, with important implications for duration, spreads, sector composition, and portfolio construction. In 2025, the five major hyperscalers issued approximately $121 billion in U.S. corporate bonds, more than four times their 2020–2024 annual average of $28 billion. Early 2026 data show continued…

Piper Sandler isn’t buying the talk that an Iran deal is nearing, telling clients that the Strait of Hormuz will largely stay closed and oil will hit new highs.”We think the Strait of Hormuz remains largely closed for months yet, meaning shortages become more urgent and oil hits new highs this Summer,” according to a recent note from the investment bank’s energy and macro teams.West Texas Intermediate Futures are down since Friday but bounced back some on Tuesday with mixed messaging on a possible Iran deal over the long weekend. The U.S. military said it conducted “self-defense strikes” in southern…

Check out the companies making headlines after the bell : Box — The cloud-based content management provider slipped 2% after guiding for full-year adjusted earnings of $1.56 per share, while analysts polled by LSEG were expecting $1.63. However, Box did report first-quarter adjusted earnings of 37 cents per share on revenue of $306 million, beating the 36 cents and $304 million analysts were seeking. Zscaler — Shares tumbled 16% after the cloud security company guided for current-quarter revenue of between $875 million to $878 million, falling short of the $879 million analysts were seeking, per LSEG. However, the company’s fiscal…

For years, the blockchain world has been obsessed with visibility. We track chains, compare ecosystems, argue over TPS, and proudly declare which network is “winning.” But a quiet shift is happening beneath all that noise: interoperability is slowly making blockchains less visible—and that might actually be the end goal.Because the future of crypto may not be about which chain you’re on… but about not needing to care at all.The Problem With Today’s Blockchain World Right now, blockchains behave like competing cities:Ethereum is the financial capital 🏦Solana is the high-speed trading hub ⚡Bitcoin is digital gold storage 🪙Layer 2s are gated suburbs…

As we honor those who served in the military this Memorial Day, it seems appropriate to focus on the bullish flag pattern. Flag patterns are a byproduct of positive momentum and tend to appear in environments characterized by steep upmoves like the current one. A flag pattern is essentially a sideways consolidation phase following a sharp rally, as shown on the chart of privacy coin Zcash. The first close outside of the consolidation phase is the trigger to take a position. On daily charts, flag breakouts have bullish short-term implications that can persist for days or weeks. Flag breakouts tend…

A man walks past an electronic board showing the Nikkei 225 index on the Tokyo Stock Exchange along a street in Tokyo on April 7, 2025. Kazuhiro Nogi | Afp | Getty ImagesAsia-Pacific markets were set to open broadly higher Tuesday as oil prices fell on renewed hopes for a breakthrough in the U.S.-Iran peace negotiations. President Donald Trump on Monday said negotiations with Iran were “proceeding nicely,” though he warned that the U.S. could resume attacks if the talks failed.Oil prices declined further after Trump’s comments. West Texas Intermediate futures for July fell 5.61% to $90.99 per barrel as of 7:37 p.m. ET. International…

Ever since Big Tech went all in on artificial intelligence more than three years ago, seven companies have done the heavy lifting for overall S&P 500 earnings growth. But more recently, the other 493 names in the index have started to pull their weight.

The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.37%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.58%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.42%.  June E-mini S&P futures (ESM26) rose +0.35%, and June E-mini Nasdaq futures (NQM26) rose +0.42%.Stock indexes settled higher on Friday, with the S&P 500 and Nasdaq 100 posting 1-week highs, and the Dow Jones Industrials posting a new all-time high.  Stocks were supported by hopes that the US and Iran are moving closer to a peace deal. Also, chipmakers and AI-infrastructure stocks rallied amid the unrelenting enthusiasm for artificial intelligence.  In addition, Workday rose…