Author: franperez66q@protonmail.com
The Club’s top 10 things to watch Tuesday, June 23 — Today’s newsletter was written by Jeff Marks, the Club’s director of portfolio analysis. 1. Nasdaq futures are down about 2.5 % this morning. Semiconductors and AI related-stocks are down the most, as a 10% plunge in South Korea’s stock market bleeds into U.S. markets. The pullback comes after the Nasdaq fell 1.3% yesterday, led lower by hyperscaler stocks amid growing concerns about the returns being generated from AI spending. 2. Bank of America raised its price targets across the chips space, taking hold-rated Club name Arm to $460 from…
UK tribunal gives go ahead for $4 billion lawsuit against Apple over iCloud services Source link
Last year we featured a lengthy interview with tech journalist/science fiction author Cory Doctorow about his book, Enshittification: Why Everything Suddenly Got Worse and What To Do About It. The prolific Doctorow is back with a provocative new book that serves as a follow-up of sorts, focusing on AI and related issues: The Reverse Centaur’s Guide to Life After AI. Doctorow doesn’t actually enjoy talking about AI, but he’s constantly being asked to comment on it. “I made the tactical error of being sick of talking about AI,” Doctorow told Ars. “So I wrote a book about why I think…
Sen. Elizabeth Warren D-Mass., and Sen. Mark Kelly, D-Ariz.Michael M. Santiago | Tom Williams | CQ-Roll Call, Inc. |Getty ImagesDespite President Donald Trump’s promises of a manufacturing boom in his second administration, two Democratic senators are arguing in a letter to the administration — and shared first with CNBC — that the president’s policies have created more hardship for U.S. workers.Sens. Elizabeth Warren, D-Mass., and Mark Kelly, D-Ariz., wrote on Monday to U.S. Trade Representative Jamieson Greer, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, questioning Trump’s trade policy and asking all three to explain the country’s growing trade…
Stocks Slide, Tech Hit, Greenback Trades Higher, But Market Turns More Cautious On Yen Source link
(l to r) Jack Morris, Sabri Eyuboglu, Dan Biderman, Scott Linderman, and Jessy Lin of Engram.Courtesy: Natalie BidermanWith corporate America finally starting to crack down on untamed AI usage by developers, an 8-month-old startup called Engram sees a big business opportunity in helping companies save money. Engram on Tuesday announced that it raised $98 million from investors including General Catalyst, Kleiner Perkins and Sequoia, as well as OpenAI co-founder Andrej Karpathy, who recently joined Anthropic. The startup, which dubs itself the “learned memory” of AI, says its models can recall organization-specific workflows and context to anticipate questions and give smarter…
Investing.com — Nike stock slipped 1.4% in pre-open trading today, trading at $42.58, as a pair of analyst actions reignited concerns about the depth and timeline of the company’s ongoing business turnaround. Evercore ISI downgraded the stock from Outperform to In Line and cut its price target to $46 from $57, citing persistent wholesale channel resets, minimal product innovation visible through calendar year 2027, and near-term execution stumbles — including delivery problems tied to the FIFA World Cup — as evidence that the recovery is progressing far more slowly than previously anticipated. The firm also noted that Nike’s preliminary guidance…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2026. Brendan McDermid | ReutersGlobal stocks sold off on Tuesday, led by deep losses for tech stocks following a losing session for the sector on Wall Street. Shares in Asia were broadly lower by the end of the day’s trading session, with South Korea’s tech-heavy Kospi index closing 10% lower. The index was dragged down by chipmaker SK Hynix and tech giant Samsung, with both companies ending the session on losses of more than 12%. In Europe, shares also fell sharply…
Leading ally of the PM Nick Thomas-Symonds has said he is backing Andy Burnham to succeed Sir Keir Starmer as Labour leader and prime minister.Thomas-Symonds, who is a Cabinet Office minister, was one of about 200 Labour MPs pictured with Burnham after he was sworn in as an MP on Monday.Since Sir Keir announced he was stepping down, Labour MPs have been debating whether there should be a contest to replace him or whether possible contenders should withdraw to give Burnham, the frontrunner, a clear path to No 10.Former defence minister Al Carns and senior minister Darren Jones are both…
International Business Machines should be bought due to an “underappreciated” opportunity in its growing software business, according to JPMorgan. The investment bank upgraded the legacy tech name to overweight from neutral. It also hiked its price target on shares to $291 from $270, implying 15% upside from Monday’s close. “We are upgrading to Overweight with greater confidence in a 2H’26 … software acceleration following a deeper look at IBM’s software business,” analyst Brian Essex said Tuesday in a note to clients. “Software continues to drive better recurring revenue, margins, profitability, and cash flow.” IBM YTD mountain IBM year to date…