AI play Nebius is surging after mysterious new hedge fund manager reveals stake. Here are his other holdings
The fund invests in publicly traded companies expected to benefit from AI adoption — including semiconductor, infrastructure and power firms.
Airlines, hotels warn against Trump admin threat to international flights to ‘sanctuary cities’
Homeland Security Secretary Markwayne Mullin said the Trump administration is considering pulling international flight processing in “sanctuary cities.”
U.S. sanctions Iran’s Hormuz Strait authority, condemns ballistic missile launch at Kuwait
The latest military and economic actions come as President Trump insists he feels no pressure to make a deal with Iran before November’s midterm elections.
Snowflake surges 35% toward best day ever on AI frenzy, fueling software rally
The Snowflake rally also lifted shares of ServiceNow, Oracle and Palantir, while Salesforce bucked the trend.
New York passes Mamdani’s pied-a-terre tax. Here’s who pays and how much
Citadel CEO Ken Griffin became the face of the tax after New York City Mayor Zohran Mamdani posted a video in front of Griffin’s penthouse apartment.
More monthly auto loan payments are above $1,000, and most are not for luxury models
The top five models for the $1,000-plus payments were popular pickup trucks including the Ford F-150, Chevrolet Silverado 1500 and Ram 1500.
Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows
The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
Kohl’s stock jumps as slumping retailer says sales trends are improving
Kohl’s reported its best comparable sales growth in four years on Thursday even as it saw revenue decline.
Stocks making the biggest moves premarket: Snowflake, Best Buy, Kohl’s, Dollar Tree & more
These are the stocks posting the largest moves premarket.
CVS to restore coverage of Zepbound, add Eli Lilly’s obesity pill to drug plans
CVS will add Zepbound coverage on Oct. 1, and start covering Lilly’s newly approved Foundayo pill on June 1.