The possibility of a change of leadership in the UK has unsettled some investors and sent bond yields higher.
Jim Cramer's Charitable Trust is selling its remaining 118 shares of Arm Holdings for approximately $303.46 per share, exiting the position entirely. The sale aims to secure a 75% gain on the stock, purchased in April, amid concerns about the AI buildout trade and increased supply in the semiconductor market.
Despite new GLP-1 drugs and Medicare coverage, most employers aren't covering them for weight loss due to high costs. Many are exploring alternative support methods for employees.
Delta Air Lines is launching a new 'Basic' fare for its business and first-class cabins, removing perks like free seat selection and lounge access. This move aims to maximize revenue from high-spending customers by offering tiered options.
Markets brace for a sell-off with Dow futures down 400 points. Tensions rise between the US and Iran after ship attacks in the Strait of Hormuz. Apple announces a major chip-supply deal with Broadcom. Analysts issue upgrades and downgrades for several companies including Old Dominion, Ollie's Bargain Outlet, Kraft Heinz, Travelers, RH, Monster Beverage, and AT&T.
Federal Reserve officials signaled one interest rate hike this year, but historical patterns suggest a cycle of multiple adjustments. Former Fed President Jim Bullard noted the committee rarely makes single moves, typically engaging in rate cycles to achieve policy goals. Markets await further clues from the FOMC meeting minutes.
Apple is expanding its partnership with Broadcom in a multi-year deal exceeding $30 billion, focusing on U.S.-made custom silicon for connectivity components. The agreement includes a $1.5 billion expansion of Broadcom's Colorado facility and marks Apple's largest U.S. manufacturing commitment.
