Author: franperez66q@protonmail.com
Traders work at the New York Stock Exchange on May 28, 2026. NYSEThe rally in software stocks has gone from recovery to raging bull market, and traders are betting there’s more to come.The iShares Expanded Tech-Software ETF (IGV) is up 35% from its April low after a 5% rally Friday on the back of double-digit percentage gains in ServiceNow and Workday. Options traders are piling into bullish positions on the ETF, where trading is more than 5x the daily average of the past 30 days and call volumes outpace puts four-to-one.Traders bought more than 50,000 calls on IGV in Friday’s…
Don’t fight the tape. That’s the message from strategists at Piper Sandler on Friday morning, and you know what, it’s hard to argue with their take. “The market’s price action continues to remind us of a simple mantra from the movie Maverick— ‘Don’t Think, Just Do,'” they wrote. “The primary trends are firmly bullish, rewarding investors who avoid over-analyzing the macro noise and instead follow the tape’s leadership. By sticking with momentum leaders and avoiding laggards, investors are capturing the market’s grind into new highs.” Importantly, in many cases, the winners are winning thanks to earnings, not simply multiple expansion. Take…
Lucid to recall over 2,000 vehicles in US due to drive power issues Source link
This photograph shows the logo of the logo of SentinelOne during the 18th edition of the “InCyber” Forum, an international cyber security event, at the Grand Palais in Lille, northern France on April 1, 2026. Sameer Al-doumy | Afp | Getty ImagesSentinelOne shares sank 6% as the cybersecurity company laid off 8% of its full-time workforce to focus on artificial intelligence and data investments. “This is not a reactive measure, it is a deliberate evolution to reduce complexity, raise the performance bar, and build a leaner, more agile SentinelOne,” CEO Tomer Weingarten told analysts on the earnings call Thursday.Over the…
On Sunday, Reform sources claimed to a newspaper that their leader’s phone may have been hacked. Source link
Federal Reserve Governor Michelle Bowman on Friday cautioned against raising interest rates to address the current spike in prices.With inflation running well above the central bank’s 2% target, markets are expecting the Fed to stay on hold this year then possibly start raising rates in early 2027. Current pricing is indicating virtually no chance of cuts anytime through at least 2027.But Bowman said adjusting policy to offset energy-driven inflation surges has proven ineffective.”Reacting to temporarily elevated energy price inflation would add unwarranted policy restraint, weighing unnecessarily on economic activity and labor market conditions,” the policymaker said at a conference in…
Exclusive-Meta tool to track employee mouse clicks on collision course with EU privacy rules Source link
Could Blue Moon Mark 1 launch on other rockets? SpaceX’s Falcon Heavy and United Launch Alliance’s Vulcan vehicles both likely have the lift capacity to push the vehicle to the Moon. But Vulcan is also sidelined at present and has a long line of Space Force payloads in the queue. So what of Falcon Heavy? The Mark 1 lander is powered by the BE-7 engine, which runs on liquid hydrogen and liquid oxygen. There may be compatibility issues related to the Falcon rocket’s kerosene-powered upper stage, although this has not been confirmed. Also, it is unlikely that Blue Origin would…
President Donald Trump on Friday morning said he is meeting in the Situation Room “to make a final determination” after listing everything that Iran must do for him to approve a deal to end the war.It was not immediately clear from Trump’s statement on Truth Social which of his make-or-break conditions are already part of a preliminary agreement that U.S. and Iranian negotiators are currently working on to pause the three-month-old war.Iran “must agree” to never have a nuclear weapon, and the Strait of Hormuz must be “immediately open” to unrestricted shipping traffic, with no tolls being imposed, Trump demanded…
Elon Musk at SpaceX in Brownsville, Texas, May 27, 2025.Marvin Joseph | The Washington Post | Getty ImagesSpaceX filed for an initial public offering a week ago, and Elon Musk is already creating confusion.Days before the reusable rocket maker is scheduled to start pitching its story to investors, Musk took to social network X, which is owned by SpaceX, late Wednesday to explain details of the company’s recent partnership with competing AI startup Anthropic. His comment included a potentially material aspect about their deal that wasn’t included in SpaceX’s 300-plus page IPO filing.Earlier this month, SpaceX said it was leasing…