Category: Top Story
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HSBC Says AI Overspending Concerns Are Driving Market Sentiment
Concerns that major technology companies are spending too aggressively on artificial intelligence infrastructure have become the dominant theme influencing AI-related equities, according to HSBC, as investors continue to shift between competing market narratives in 2026. In a recent research note, HSBC analyst Alastair Pinder introduced a proprietary clustering model that tracks how different AI themes…
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Trump’s unofficial Venezuela power broker exits role
Mauricio Claver-Carone has left his influential unofficial role shaping U.S. oil policy, business deals and debt restructuring in Venezuela.
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Amazon’s AWS Surge Powers Nasdaq to 1% Gain as Wall Street Caps a Volatile July
Stocks closed broadly higher on Friday, ending a turbulent month on a strong note as a blowout earnings report from Amazon reignited enthusiasm for the artificial intelligence trade. Investors looked past a fresh climb in Treasury yields and a steep drop in Apple shares, focusing instead on signs that spending on AI infrastructure continues to…
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Oil rises as Iran says ships stopped in Strait of Hormuz
Oil prices rose after Iran said it stopped vessels in the Strait of Hormuz, renewing concerns about global energy supplies and shipping risks.
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Amazon Earnings and Rising Crude Oil Prices Drive Market Momentum: Dow Jones, S&P and Nasdaq Futures
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a higher open on Friday, with stocks likely to see further upside after ending the previous session sharply higher. Technology stocks appear poised to extend yesterday’s rally amid a sharp increase by shares of online retail giant Amazon (NASDAQ:AMZN). Shares of Amazon are soaring…
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July Chicago PMI & Michigan Consumer Sentiment: What to Expect Today
MNI Indicators is scheduled to release its report on Chicago-area business activity in the month of July at 9:45 am ET. The Chicago business barometer is expected to dip to 55.0 in July from 56.7 in June, although a reading above 50 would still indicate growth. At 10 am ET, the University of Michigan is…
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Microsoft’s Cloud Blowout Sparks Broad Rally as Nasdaq Posts Best Day Since June
Wall Street roared higher on Thursday, with a wave of upbeat technology earnings reigniting enthusiasm for the artificial-intelligence trade and lifting all three major indexes sharply. A blockbuster quarter from Microsoft, driven by surging cloud demand, set the tone for the session and pulled chipmakers and other tech names along with it. The buying was…
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Oracle Shares Climb as Expanded Google Cloud Alliance Brings Gemini AI to Enterprise Software
Oracle (NYSE:ORCL) shares gained 3.3% on Thursday after the company announced a significant expansion of its partnership with Google (NASDAQ:GOOG), bringing Google’s Gemini artificial intelligence models deeper into Oracle’s enterprise software portfolio. The stock also received support from broader gains across the technology sector. The collaboration is designed to give enterprise customers greater flexibility when…
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Ferrari Raises 2026 Outlook Despite Second-Quarter Earnings Miss
Ferrari N.V. (NYSE:RACE) reported second-quarter results that came in below Wall Street expectations, but investors welcomed the company’s improved full-year outlook, sending the luxury automaker’s shares about 5% higher in premarket trading. The upgraded guidance was supported by continued strength in Ferrari’s personalization business, which helped offset the softer-than-expected quarterly figures. Revenue Grows as Company…
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Technology Stocks Set to Lift Wall Street at the Open After Sharp Sell-Off: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures pointed to a stronger opening on Thursday, with investors looking for a rebound after the heavy losses recorded in the previous session. Technology shares appeared poised to lead the recovery, with Nasdaq 100 futures climbing 1.6% ahead of the opening bell. Microsoft Strength Offsets Meta Weakness Buying interest in beaten-down technology…