Boeing to Start 737 Max Production on New Assembly Line July 6, CEO Says
Boeing will launch a fourth 737 Max final‑assembly line in Everett, Washington on July 6, adding a carbon‑copy facility to its Renton operations. The new line is designed to lift monthly output to 52 jets by next year, up from the current 47, with a long‑term ambition of 63 if the supply chain permits. Production will start with the stretched 737 Max 10, which Boeing expects the FAA to certify before year‑end. The expansion follows FAA production caps imposed after a 2024 door‑plug failure and reflects Boeing’s effort to stabilize its manufacturing system.
Nasdaq Drops 3% as Selling in Chip Stocks Picks up; S&P 500 9-Week Winning Streak Set to End: Live Updates
U.S. equity markets slipped on Friday as the Nasdaq Composite dropped 2.8% and the S&P 500 fell 1.7%, driven by a sharp sell‑off in leading chip makers after a surprisingly strong May jobs report. Broadcom, Marvell, Micron, Intel and AMD...
Bitcoin Cracks $60,000, Sinking to Lowest Level Since October 2024
Bitcoin slipped to $60,000 on June 5, its lowest since October 2024 and a 50 % drop from the September 2025 peak of $126,000. The decline was sparked by a stronger‑than‑expected May jobs report that lifted Treasury yields and drained risk appetite. A modest...
No Tech, No Problem. Dow Makes Record and Traders Think These Stocks Can Lead Now
The Dow Jones Industrial Average closed at a fresh record, jumping 2% while the S&P 500 rose 0.4% as nine of eleven sectors advanced. Health‑care stocks led the rally, with insurers Humana, Centene and UnitedHealth Group hitting new one‑year highs and...
Micron, Marvell, and Broadcom Lead Chipmakers' Premarket Losses
Chipmakers tumbled in pre‑market trade on Thursday, led by Broadcom, Micron and Marvell. Broadcom slumped about 15% after reporting earnings below analysts' expectations, while Micron fell 7.1% and Marvell dropped 7.5%. The sell‑off dragged Nasdaq futures 1.4% lower and pulled...
Here Are Thursday's Biggest Analyst Calls: Nvidia, Apple, Broadcom, Netflix, Oracle, Microsoft, CrowdStrike & More
Wall Street analysts issued a flurry of upgrades, downgrades and price‑target revisions on June 4, 2026, spotlighting AI‑driven growth across technology and industrial firms. Morgan Stanley lifted Broadcom’s target to $502 and kept it overweight, while Mizuho reaffirmed Nvidia as...
Stock Futures Tick Lower After All Three Major Indexes Close at New Records: Live Updates
U.S. stock futures slipped modestly on Monday night after the S&P 500, Nasdaq 100 and Dow Jones all closed at fresh all‑time highs. A technology rally led by Nvidia’s new PC chip and a 37% surge in Hewlett Packard Enterprise shares powered the market...
Trump's 'Big Beautiful Bill' Turned 529 Plans Into 'Lifelong Education' Accounts, Expert Says: How to Take Advantage
President Trump’s One Big Beautiful Bill Act, signed in July 2025, expands 529 college‑savings plans to cover credential programs, licensing exams and continuing‑education costs, effectively turning them into lifelong education accounts. The change aligns qualified expenses with the Workforce Innovation...
Oil Jumps 2% as Israel Expands Lebanon Offensive, Rattling Ceasefire Hopes
Oil prices jumped on Monday as Israel expanded its military operation in Lebanon, raising concerns about supply disruptions. Brent futures rose 2.45% to $93.35 per barrel and WTI climbed 2.8% to $89.78. The move came despite an April cease‑fire and...
China’s Factory Activity Beats Forecasts in May, Private Survey Shows, Despite Softer Official Data
China’s private RatingDog manufacturing PMI rose to 51.8 in May, edging above the 51.6 forecast but slipping from April’s 52.2. The official PMI, covering a broader base, fell to 50 from 50.3, its weakest reading since February. While input prices...
Stock Futures Are Flat in Overnight Trading as June Trading Begins Near Record Highs: Live Updates
U.S. stock futures were largely unchanged Sunday as the market entered June near record highs, with Dow futures slipping 30 points while S&P 500 and Nasdaq 100 futures stayed flat. May saw the Nasdaq climb over 8%, the S&P 500 rise about 5%,...
South Korea Stocks Hit Fresh High Amid Mixed Regional Trade Despite Trump's Iran Deal Caution
South Korea’s KOSPI surged 1.31% on May 31, 2026, setting a new record despite mixed performance across Asia‑Pacific markets. Samsung Electronics rallied more than 3%, reaching its all‑time high, while SoftBank Group announced a $53 billion AI infrastructure investment in France....
Japanese Bond Yields Are the Highest in 40 Years. The Budget and a 'Red Flag' From PM Takaichi Have Markets...
Japan announced a ¥3 trillion (≈ $19 billion) supplementary budget to fund fuel and utility subsidies as energy costs rise amid the Iran war. Prime Minister Sanae Takaichi pledged that total 2026 bond issuance will stay unchanged, financing the extra spending with deficit‑covering...
Want to Buy a Small Business? A Business Acquisition Loan Could Help
A business acquisition loan lets buyers finance the purchase of an existing company without using personal cash. SBA‑backed programs, especially the 7(a) loan, can provide up to $5.5 million with terms as long as 25 years, while banks, credit unions, and...
Disney Is Poised to Ramp Its Already Booming Advertising Business. Rita Ferro Is Behind the Push
Disney is accelerating its advertising business under President Rita Ferro, who now oversees global ad sales for the company’s TV, streaming and sports assets. The push follows Disney+’s ad‑supported tier and Hulu’s ad growth, delivering double‑digit year‑over‑year revenue gains. Ferro’s strategy...
Meta to Start Testing AI Subscription Services, with Cheapest Plan at $7.99 a Month
Meta announced it will test two paid tiers for its Meta AI app, launching a $7.99 per‑month Meta One Plus plan and a $19.99 per‑month Meta One Premium option. The trial will start next month in Singapore, Guatemala and Bolivia, while a...
This Bank Just Lifted Its CD Yield. Here's Where You Can Nab 4%
Bread Financial lifted its 1‑year CD annual percentage yield to 4.00%, joining a handful of online banks that now offer 4%‑plus rates as Federal Reserve rate cuts look unlikely this year. The increase reflects accelerating loan growth, a call on...
Traders Are Skeptical of Iran Timeline for Strait of Hormuz Reopening
Traders on the Kalshi prediction market doubt Iran’s claim it can restore normal traffic through the Strait of Hormuz within a month of a U.S. peace deal. They assign only a 38% probability that flows will normalize by July 1, down...
Dropbox CEO Drew Houston to Step Down After 19 Years at Helm of Cloud Storage Pioneer
Dropbox founder Drew Houston announced he will step down as CEO after 19 years, moving to an executive‑chairman role while sharing the top post with co‑CEO Ashraf Alkarmi, who will eventually assume full control. The cloud‑storage firm now trades at...
U.S. Conducts 'Self-Defense Strikes' In Iran as Trump Pushes for Peace Deal
The U.S. military carried out self‑defense strikes in southern Iran, targeting missile launch sites and vessels attempting to lay mines, as CENTCOM said it was protecting troops. President Donald Trump announced that a peace deal with Iran is "95% complete"...
Wells Fargo to Offer Mortgage Incentives on 3D Printed Homes with Icon
Wells Fargo will write mortgages for homes built with Icon’s 3‑D‑printing technology and provide a 50‑basis‑point lender credit to buyers. The partnership makes the bank the preferred lender for Icon‑constructed homes, addressing the long‑standing financing gap for 3‑D‑printed housing. It also...
European Stocks Highest Since March 2 as U.S.-Iran Talks Continue; Euro Zone Bond Yields Drop on Peace Hopes
European equities climbed to their highest levels since March 2, with the Stoxx 600 up about 0.8% as optimism grew over U.S.–Iran negotiations. President Donald Trump’s statement that talks were “orderly and constructive” helped push oil prices down more than 5%, lifting...
Iran Is in the 'Process of Blinking' Over the Strait of Hormuz, Petraeus Says
Former CIA director David Petraeus warned that Iran is "blinking" on the Strait of Hormuz, meaning Tehran may soon seek to exert limited control over the vital waterway. He told CNBC that any peace deal must keep the strait open...
Boosting Retirement Savings Has a Less-Appreciated Benefit
Boosting a household's savings rate does more than grow a retirement portfolio; it also lowers the amount needed to sustain post‑work living, enabling earlier financial independence. A side‑by‑side example shows two $250,000 earners saving 10% versus 30%: the lower saver...
Spirit's Collapse, High Fuel Prices Test Limits of Summer Vacation Spending
Higher jet‑fuel prices, spurred by the Iran‑Israel conflict, have pushed domestic round‑trip fares to $623 in April—the highest level in four years. Gasoline is hovering above $4 a gallon and could near $5, tightening travel budgets for both flyers and...
Nvidia Says Its Forecast for $200 Billion CPU Market Includes China
Nvidia CEO Jensen Huang said the company’s new Vera central processors give it access to a $200 billion CPU market, and that this forecast includes China despite ongoing U.S.–China tech tensions. The forecast expands Nvidia’s growth narrative beyond GPUs, aligning with...
Consumer Sentiment Hits Fresh Record Low in May as Iran War Fuels Inflation Worries
Consumer sentiment in the United States plunged to a fresh record low of 44.8 in May, down sharply from a preliminary 48.2 and well below April's 49.8. The drop reflects heightened anxiety over inflation as the U.S.–Iran war fuels oil...
What the AvalonBay, Equity Residential Megamerger Means for the Apartment Industry and Rents
AvalonBay and Equity Residential announced an all‑stock merger valued at $69 billion enterprise and $52 billion market capitalization, creating a REIT with more than 180,000 rental units. The combined company will be led by AvalonBay CEO Benjamin Schall, while Equity Residential’s Mark Parrell...
Ubisoft Shares Plunge 14% After Assassin’s Creed Maker Warns of Annual Profit Loss
Ubisoft reported a €1.3 bn ($1.5 bn) operating loss for its 2026 fiscal year, with net bookings dropping 17.4% to €1.5 bn ($1.6 bn). The French developer warned that full‑year net bookings will decline in the high single‑digit range and that operating losses will...
Treasury Yields Resume Climb as Traders Monitor Inflation Risks
U.S. Treasury yields climbed on Thursday, with the 10‑year note reaching 4.6014% and the 30‑year bond edging to 5.1334%. The rise follows a brief pull‑back after multi‑decade highs and reflects renewed inflation concerns after Fed minutes hinted at further rate...
Trump Says It's Not a 'War.' Insurers with Money on the Line Say It Is
U.S. President Donald Trump continues to label the Iran‑linked conflict as “hostilities,” but insurers say the legal definition of war in policies drives coverage decisions. Most companies operating in the Middle East have only purchased terrorism and sabotage protection, leaving...
‘This Is Bad’: Strategists See European Oil Shortages Within Weeks as Inventories Are Depleted
Strategists warn that Europe could confront physical oil shortages as early as the end of May, driven by rapidly depleting global inventories. Even a swift reopening of the Strait of Hormuz would entail a 52‑day lag before additional barrels reach...
Ominous Bond Trades Point to Much Higher Rates
Options activity on the iShares 20+ Year Treasury Bond ETF surged on Friday as Treasury yields hit 4.599% for the 10‑year note, the highest in over a year. Trading volume in the TLT fund more than tripled the month’s average,...
Why Your 'Fixed' Mortgage Payment Keeps Going Up
Homeowners with fixed‑rate mortgages are seeing monthly payments rise because escrow accounts that cover property taxes, insurance and mortgage insurance are facing significant cost increases. Cotality reports escrow shortages in 65% of accounts, with an average shortfall of $2,157, prompting...
G7 Finance Ministers to Meet Amid Warning of Economic Consequences of Prolonged Strait of Hormuz Closure
G7 finance ministers and central bankers will meet in Paris as the prolonged closure of the Strait of Hormuz fuels sharp rises in oil prices and bond yields. Eurogroup President Kyriakos Pierrakakis warned that reopening the waterway is essential to curb...
The Bond Market Is Flashing a Warning over Iran. A Veteran of Energy Geopolitics Explains the Risk
Bond markets are reacting to the ongoing Iran conflict and oil prices above $100 per barrel, pushing the U.S. 10‑year Treasury yield up nearly 24 basis points to around 4.6%. Economist Daleep Singh warns that continued fiscal deficits and a...
Dow Loses More than 500 Points Friday as Tech Slumps and Yields Spike: Live Updates
U.S. equities closed sharply lower on Friday, with the Dow Jones Industrial Average shedding 537 points (1.07%) to 49,526, while the S&P 500 and Nasdaq fell 1.24% and 1.54% respectively. A surge in oil prices—Brent above $108 a barrel—lifted the 30‑year...
What You Need to Know About Nvidia Competitor Cerebras After Wild IPO
Cerebras Systems went public with a market value just under $100 billion, making it one of the largest tech IPOs ever. The company’s flagship WSE‑3 ASIC, a dinner‑plate‑sized chip built on TSMC’s 5‑nanometer process, is marketed for high‑speed AI inference. Cerebras...
Traders Now See Next Fed Interest Rate Move as a Hike Following Inflation Surge
Traders in the fed‑funds futures market now price the Federal Reserve’s next policy move as a rate hike, with a 51% probability for a December increase and even higher odds for early‑2027 hikes. The shift follows a week of inflation...
The Dow Is Poised to Retake 50,000 as Cisco Jumps, Boeing Gains: Live Updates
Cisco’s pre‑market surge of about 15% after beating Q3 forecasts and announcing a 4,000‑job cut lifted Dow futures toward the 50,000 mark, a level the index briefly hit earlier this year. Boeing added over 1% on hopes the Trump‑Xi summit...
Versant Stock Jumps 10% After Company's Q1 Report Shows Bright Spots in Licensing, Platforms
Versant Media Group, newly spun out from Comcast, posted first‑quarter earnings showing mixed results. Overall revenue slipped 1% to $1.69 billion, with linear TV revenue down 7% to $1.01 billion, while licensing revenue surged 113.5% to $121 million and platform revenue rose 9.5%...
U.S. Can Hold AI Talks with China because ‘We Are in the Lead,’ Bessent Tells CNBC as Nations Plan Safety...
U.S. Treasury Secretary Scott Bessent told CNBC that the United States can engage China on artificial‑intelligence safety because America remains ahead in the technology race. The two superpowers plan to draft a protocol that sets best‑practice standards to keep advanced...
Venezuela Embarks on $150 Billion Restructuring of Debt Amid Political Turmoil
Venezuela announced a $150 billion restructuring of its sovereign and PDVSA debt, the first major debt‑relief effort since the 2017 default. The plan follows the U.S. capture and indictment of President Nicolás Maduro, the lifting of sanctions by the Trump administration,...
Cuba Says Oil and Diesel Supplies Have Run Dry Under U.S. Sanctions
Cuba’s energy minister announced that the island has completely run out of fuel oil and diesel after U.S. sanctions halted shipments in January. The shortage has triggered blackouts lasting up to 22 hours a day in Havana, prompting street protests...
SoftBank Has Injected $450 Million Into This British AI Chip Company
SoftBank has poured $457 million into Graphcore, the UK AI‑chip maker it acquired in 2024. The capital injection is intended to accelerate Graphcore’s development of intelligence processing units for artificial general intelligence projects. The funding also dovetails with SoftBank’s wider AI...
Crypto Legislation Faces Another Hurdle: Labor Unions
Labor unions including the AFL‑CIO, SEIU, AFT, NEA and AFSCME have sent a joint letter to senators warning that the Senate Banking Committee’s upcoming crypto‑rules bill could jeopardize retirement accounts and public pensions. The groups argue that legitimizing digital assets...
Oil Climbs as Netanyahu and Trump Remarks Stoke Worries over Rising Middle East Tensions
Oil prices surged on Monday after Israeli Prime Minister Benjamin Netanyahu warned that the conflict with Iran was "not over," and U.S. President Donald Trump rejected Iran's cease‑fire proposal. West Texas Intermediate rose 3.08% to $95.42 a barrel, while Brent...
Netanyahu Says Iran War Is 'Not Over' As Trump Rejects Latest Iranian Offer
Israeli Prime Minister Benjamin Netanyahu declared the war with Iran "not over," stressing that enriched uranium and enrichment sites must be removed and dismantled. He urged the United States and Israel to physically take the nuclear material out of Iran....
Memory Chip Makers Are Looking at a 'Supercycle' And 'Windfall Gains.' The Stocks Jumped 30% in One Week
Memory chip makers are riding an AI‑driven demand surge that analysts deem a multi‑year supercycle, pushing valuations and pricing power to new heights. Micron Technology’s stock surged 38% in a week, while the Roundhill Memory ETF rose over 30%, reflecting...
The Iran War Will Change Global Energy Markets in These Important Ways, Oil Executives Say
The Iran war and the resulting blockade of the Strait of Hormuz have eliminated nearly a billion barrels of oil, prompting oil‑field‑service CEOs to warn that governments will now prioritize energy security and boost oil exploration. U.S. shale exports have...