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The world's money news right now: markets, the economy, the companies and the deals moving capital across every continent today.
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Baird, Barclays boost Visa price targets on durable growth
Two major analysts raised their price targets on Visa, signaling that the payment processor's fundamental strengths outweigh near-…
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Bank of America Maintains Meta Buy on AI Infrastructure Bet
Bank of America has kept its "Buy" rating on Meta Platforms with an $835 price target, arguing the social media giant's massive pr…
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Alphabet Expands Gemini Enterprise Reach Via Cognizant Pact
Cognizant is deepening its integration of Google’s Gemini Enterprise, a move analysts say validates Alphabet’s strategy to monetiz…
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Analysts See Value in NVIDIA Amid Chip Rally
Two major Wall Street analysts have reiterated buy ratings on NVIDIA, arguing the chipmaker's integrated ecosystem insulates it fr…
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Microsoft Pours $2.5 Billion Into Client-Embedded AI Unit
Microsoft is dedicating 6,000 employees and $2.5 billion to a new client-embedded unit, signaling an industry-wide shift toward la…
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Amazon targets $25bn bond sale as Wells Fargo lifts PT
Amazon is preparing a major debt offering to fund its AI expansion while analysts forecast a strong second quarter driven by cloud…
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Supreme Court seeks $228.4m budget as threat costs surge
The Supreme Court is requesting a nearly 10% budget increase to $228.4 million for 2027, reflecting sharply rising security costs …
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Morgan Stanley raises Merchants Bancorp target on earnings optimism
Morgan Stanley lifted its price target for Merchants Bancorp to $49 as building revenue momentum across the banking sector sets up…
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Piper Sandler lifts First Merchants target to $51
Piper Sandler raised its price target on First Merchants Corp, pointing to robust first-quarter earnings and a recently completed …
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Evercore Initiates SpaceX Coverage With $230 Price Target
Evercore ISI has initiated coverage of SpaceX with an Outperform rating and a $230 price target, providing a major Wall Street ben…
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Memory shortage triggers 25% IBM crash as clients pivot to AI
IBM shares suffered their steepest drop in decades after a severe global memory shortage prompted clients to abruptly redirect IT …
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IBM stock closes down more than 25% after preannounced earnings results
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TSMC exceeds $40.2bn Q2 revenue guidance on AI demand
Taiwan Semiconductor Manufacturing's 68% June revenue surge signals the world's largest foundry is on track to beat second-quarter…
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Nvidia targets $1T revenue from Blackwell and Rubin chips
Wall Street analysts expect Nvidia's revenue to double to $555 billion by early 2028, driven by sustained hyperscaler spending and…
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Micron shares rise 6% on KeyBanc's $1,750 price target
Micron Technology surged after a KeyBanc analyst set a $1,750 price target, signaling that new long-term supply contracts and data…
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Poor management drives $10tn global productivity loss
Widespread employee disengagement is costing the global economy $10 trillion annually, a figure Gallup's CEO blames squarely on po…
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Goldman Sachs Q2 profit hits record on M&A rebound
Goldman Sachs reported record second-quarter earnings as a 90% jump in large-cap M&A and rising AI infrastructure financing signal…
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FB Financial Q2 Profit Rises on Southeast Loan Growth
FB Financial's second-quarter earnings jumped on double-digit loan growth across the Southeast U.S., though intensifying deposit c…
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Laughing Water Capital Backs AnaptysBio Amid GSK Royalty Dispute
Laughing Water Capital has taken a new position in AnaptysBio, anticipating a lucrative settlement or acquisition as the biotech f…
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Delaware proposes AI-run company entity for sandbox
Delaware is developing a new legal structure that allows artificial intelligence to manage corporate affairs, aiming to bring auto…
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Dollar dips on soft CPI but hawkish Fed, Gulf risks limit losses
Soft US inflation pushed the dollar lower, but resurgent Gulf tensions and hawkish Fed warnings mean investors are retaining bets …
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Alexander's Shares Rise as Longleaf Highlights Value Gap
Alexander's stock gained 7.14% in a month after the REIT completed a non-core asset sale and leased its Queens shopping center to …
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Logistics Closures Erase 250 Jobs Amid Fresh Freight Bankruptcies
A wave of recent bankruptcies and facility closures across the US logistics sector signals deepening financial distress among smal…
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Meta's reported cloud pivot hits neocloud stocks
Shares in CoreWeave and Nebius fell sharply on reports that Meta Platforms plans to launch its own cloud computing service, threat…