Business News

Bank of America has marked America’s 250th anniversary as an independent republic by examining its long-term record of economic growth and investor returns. Michael Hartnett, the bank’s chief equity strategist, devoted his weekly “Flow Show” strategy note to assessing the country’s financial track record across that sweeping historical span. Hartnett calculated that U.S. stocks have…

Vozinha, the 40-year-old Cape Verde goalkeeper, entered the 2026 FIFA World Cup with just 50,000 Instagram followers and virtually no global profile. That all changed after Cape Verde’s stunning 0-0 draw against Spain, a result that sent shockwaves through the football world and launched Vozinha into international stardom overnight. The veteran goalkeeper made seven crucial…

AI infrastructure stocks have surged past the major tech hyperscalers in a market shift that UBS is describing as extraordinary. The investment bank’s research arm flagged the rotation as a defining trend, with investors increasingly favoring companies that supply the backbone of artificial intelligence buildouts. While hyperscalers like Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOGL), and…

Wall Street is facing fresh skepticism from a research firm that sees two major forces threatening to derail the ongoing rally in U.S. equities. Concerns over artificial intelligence failing to meet lofty investor expectations have emerged as a central worry heading into the second half of 2026. Markets have priced in significant productivity and earnings…

Micron Technology (MU) hit a $1 trillion market valuation on May 26, 2026, cementing its status as one of the most consequential companies in the artificial intelligence era. The company reached that milestone after its stock doubled in just 48 days, earning it the distinction of being “the fastest company ever to scale the trillion-dollar…

Lagarde, whose term as European Central Bank president runs until October 2027, has declined to rule out leaving early ahead of France’s presidential elections that year. Speaking to French newspaper Les Echos, Lagarde confirmed an early departure from her role is “possible,” raising fresh speculation about her political ambitions. “I think a European voice must…

Hedge fund manager Michael Burry has disclosed a direct short stake in Micron Technology (MU), continuing his broader bearish campaign against AI-related semiconductor stocks. Burry, who gained global fame through “The Big Short,” revealed the short position through his Substack publication, citing extreme valuation and cyclical risk. He disclosed shorting Micron (MU) at $1,051.87 per…

Elon Musk’s SpaceX triggered one of the most punishing weeks for traditional telecom stocks in recent memory, erasing tens of billions in combined market value. AT&T (T), Verizon (VZ), and T-Mobile (TMUS) shares all came under severe pressure after reports emerged that SpaceX plans to launch a Starlink-branded retail mobile service for U.S. consumers. The…

Toyota Motor (TM) and Hyundai are pulling ahead of rivals by betting heavily on hybrid technology as American car buyers cool on fully electric vehicles. Second-quarter U.S. vehicle sales are splitting the auto industry into clear winners and losers, with hybrid-equipped automakers outperforming those without them. Toyota reported a 1.1% increase in its second-quarter sales,…

Recent labor market and inflation trends are shifting sentiment in fixed-income markets, with analysts pointing to emerging tailwinds for bond investors. The bond market has been largely driven by expectations of persistent inflation, but some analysts argue the worst-case scenario may already be priced in. Ruben Hovhannisyan, a fixed-income portfolio manager at TCW Group, noted…