Could there be a $10 trillion company? Tech investing star Laffont thinks so
A new regime of trillion-dollar companies is replacing the ‘Magnificent Seven.’
Stocks making the biggest moves midday: Micron Technology, SpaceX, IBM, Flex & more
These are the stocks posting the largest moves midday.
Factory job cuts in June neared financial crisis and Covid levels, S&P says
Though the firm’s manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.
SpaceX stock climbs 2% after falling below $150 debut price
Gains have been pared back at the space and AI company following an initial surge after its record-breaking IPO.
Meta announces new smart glasses starting at $299, as Zuckerberg keeps pushing wearables
Meta executives have said they see the lightweight smart glasses as a step towards a more advanced device that includes screens in the lenses.
Here are Tuesday’s biggest analyst calls: SpaceX, Micron, Nvidia, Tesla, IBM, Broadcom, Target, Netflix & more
Here are Tuesday’s biggest calls on Wall Street.
Sens. Warren, Kelly press Trump administration on effects of tariffs on manufacturing
A pair of Democratic senators is asking for answers from the Trump administration on the effect of tariffs on U.S. manufacturing.
Buy IBM as investors underappreciate the strength of its software business, says JPMorgan
The investment bank upgraded the legacy tech name to overweight from neutral.
U.S. fights with Brazil for China’s giant soybean market
The U.S. Soybean Export Council makes claims to higher quality a selling point over Brazil’s crop, as American farmers attempt to win back business from the world’s largest importer
Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants
“The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” Oracle said.