June’s S&P Global manufacturing PMI declined from May’s 49-month peak, signaling a slower expansion in the sector. The S&P Global US Manufacturing PMI dropped to 53.9 in June from a 49-month high of 55.7 in May, indicating a moderation in manufacturing activity. The index
Meta aims to monetize excess data center capacity by entering the cloud services market, competing with AWS and Azure. Meta (META) is reportedly planning to launch a cloud computing business to sell excess data center capacity to third-party customers. The move seeks to cr
META aims to sell data center capacity to third parties, diversifying revenue amid rising AI infrastructure costs. Meta plans to enter the cloud computing market by selling excess data center capacity to external customers, mirroring services offered by Amazon’s AWS and Mi
UK retailer TG Jones secures court-backed restructuring with £15m cash infusion and steep rent reductions across its 451 stores. UK retailer TG Jones has won court approval for a restructuring plan that includes a £15m cash injection from owner Modella Capital and sharp re
CRS stock hits $616.84 after reporting a 23.85% one-month return, driven by recovering aerospace sector demand. Carpenter Technology Corporation (NYSE:CRS) shares jumped 27% after management confirmed a rebound in aerospace demand, a key driver for its specialty metals bus
"We're going to chart a new course," Federal Reserve Chair Kevin Warsh said on Wednesday, responding to a request for forward guidance. That contrasts with his predecessor's practice of indicating which way policymakers were leaning in upcoming meetings The Fed
GIS reports $0.95 adjusted EPS and $4.6B revenue for Q4, topping forecasts, but FY2027 guidance falls short of expectations. General Mills Inc. (GIS) posted stronger-than-expected fourth-quarter results, with adjusted earnings per share of $0.95, exceeding the $0.81 consen
EMCOR Group’s stock rose 21% after exceeding 2026 guidance, driven by AI-driven data center infrastructure demand. EMCOR Group Inc. (NYSE:EME) closed at $829.88 per share on June 30, 2026, valuing the company at $36.96 billion. The stock posted a 21% gain following a stron
And today in AI stock bubble-watching news… Quick insight: AI stock concentration has reached the same level that resulted in the bursting of previous bubbles, Bank of America strategists pointed out. The "AI Big 10" now make up 41% of the S&P 500 (^GSPC), similar to the s
Wolfspeed (WOLF) topped the list of the most heavily shorted U.S.-listed stocks with market capitalizations above $2B, with 53.77% of its shares outstanding sold short. The semiconductor maker was followed by SoundHound AI (SOUN) at 40.21% and Intellia Newsletters for Ever
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