Elon Musk’s xAI is upping the yield on offer on a $5 billion debt raise being led by Morgan Stanley to attract investors amid modest demand, according to a Reuters report citing a source with knowledge of the matter.
xAI has offered to pay a 12.5% yield on $3 billion in bonds, the source told the publication. The company had reportedly previously offered a 12% yield.
International Business Machines Corp (NYSE:IBM) has earned a price target increase from Wedbush analysts, who also maintained their ‘Outperform’ rating on their bullish view of the tech giant’s role in the ongoing AI revolution.
“We believe that IBM is well-positioned to capitalize on the current demand shift for hybrid and AI applications with more enterprises looking to implement AI for productivity gains and drive long-term profitable growth,” they wrote.
Micron Technology Inc (NASDAQ:MU) heads into its fiscal third-quarter earnings with renewed momentum, as Wedbush analysts raised their price target on the stock to $150 from $130, citing stronger-than-expected memory fundamentals and a long-term transformation driven by high-bandwidth memory (HBM).
Wedbush now values Micron at 11x times its EPS estimates, above typical cycle highs for a memory stock, but believes Micron is evolving beyond its historical commodity status.
Federal Reserve Governor Christopher Waller has indicated that the Fed could begin cutting interest rates as early as its July meeting, signaling a potential shift toward easing monetary policy.
“I think we’re in the position that we could do this as early as July,” Waller said in an interview with CNBC on Friday. “That would be my view, whether the committee would go along with it or not.”
Darden Restaurants Inc (NYSE:DRI), the parent company of popular dining chains including Olive Garden and LongHorn Steakhouse, saw its shares move higher on Friday as it reported better-than-expected financial results for the fiscal fourth quarter.
Revenue for the quarter ending May 25 was up 10.6% from the year-ago quarter to $3.27 billion, ahead of the Wall Street consensus estimate of $3.26 billion.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is stepping up its smart glasses game with a new collaboration with Oakley.
The limited-edition Oakley Meta HSTN model, priced at $499, opens for preorder on July 11, with other Oakley models using Meta’s tech available later this summer starting at $399.
Audi is considering building a manufacturing plant in the United States to placate President Donald Trump amid tariff disputes, according to the German news magazine Spiegel.
Volkswagen Group (XETRA:VOW)’s luxury brand is considering building a plant in the Southern US, the most expensive option out of several scenarios being considered, the report said.
Kroger Co (NYSE:KR, ETR:KOG) shares jumped 7% at market open Friday after the company raised its full-year same-store sales forecast and posted mixed first-quarter results.
The grocery giant faces growing competition from Walmart and Costco, but showed resilience with adjusted earnings per share of $1.49, beating Wall Street expectations of $1.45. Same-store sales climbed 3.2%, above the 2.3% forecast, while revenue narrowly missed estimates at $45.12 billion.
US Gold Corp (NASDAQ:USAU) is getting set to join a rarified group of junior gold companies later this month, and it’s thanks to the company’s performance.
The junior mining company, based in Wyoming, will join the Russell 3000 and Russell 2000 indexes—an achievement that marks a major milestone in its steady rise from relative obscurity to emerging sector contender.
Shares of GMS have surged 29% following billionaire Brad Jacobs’ QXO proposal to acquire the building-products distributor for about $5 billion in cash.
Jacobs, who aims to grow QXO into a $50 billion revenue company within ten years, warned he is ready to pursue a hostile takeover if GMS’s board rejects the offer by June 24.
China’s export of rare earth products fell to a five-year low in May due to export restrictions imposed by Beijing in early April.
These restrictions require exporters to obtain special licenses for seven medium-to-heavy rare earth elements and certain magnets, which are critical for industries such as automotive, aerospace, semiconductors, and defense globally.
CarMax Inc (NYSE:KMX) shares jumped 8% in early trade as the used car retailer’s fiscal first quarter earnings report impressed investors.
The company’s earnings per share increased 42.3% year-over-year to $1.38, ahead of the Wall Street consensus of $1.19.
Wedbush sees a 'trillion-dollar' new autonomous era beginning for Tesla Inc (NASDAQ:TSLA) with the launch of its Model Y Robotaxi service in Austin this Sunday.
The rollout will start small, about 20 cars operating in a “geofenced” area, but Wedbush expects the service to steadily grow across roughly 25 US cities over the next year.
Citi’s latest note on copper suggests demand growth will slow down as we move through the third quarter of 2025.
The American bank's copper consumption tracker showed a strong 6.1% year-on-year increase in April, thanks mainly to early demand for solar projects in China and electric vehicle growth, also led by China.
Accenture PLC (NYSE:ACN) shares moved lower before Friday’s opening bell after the professional services firm reported a 7% year-over-year drop in bookings to $19.7 billion.
This overshadowed an earnings beat for the fiscal third quarter and boosted full-year sales and profit guidance.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced that it has exceeded 11 Exahash per second (EH/s) of global Bitcoin mining hashrate, reaching an operational level of 11.4 EH/s.
This milestone follows the early completion of Phase 1 of the company’s Yguazú project in Paraguay, which added 100 megawatts (MW) of power capacity.
ACG Metals Ltd (LSE:ACG, OTC:ACGAF) is quietly building an exciting copper growth story, centred around its Gediktepe polymetallic mine in Türkiye.
In a nudge to investors, Berenberg kicked off coverage with a 'buy' rating and a price target of 720p, suggesting about 40% upside from current levels.
A small but welcome rise in UK consumer confidence offers a silver lining amid a tough economic backdrop.
According to the latest GfK survey, confidence nudged up by two points in June to minus 18, a modest improvement from recent months. While still below the minus 14 level seen a year ago before the general election, it signals a slight easing of pessimism among shoppers.
SoftBank Group founder Masayoshi Son is considering developing a $1 trillion industrial hub in Arizona focused on robotics and artificial intelligence, according to Bloomberg.
The project aims to revive advanced technology manufacturing in the US and create a hub similar to China’s Shenzhen.
Helix Exploration PLC (AIM:HEX, OTCQB:HHEXF) has reported on what chair David Minchin described as “an important chapter”, as it filed interim results for the six months ended 31 March.
The start of drilling at the Rudyard helium project, in Montana, was a standout highlight – it began a successful run, that is now set to extend to include more new wells.
Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) earlier this week provided an update on its exploration activities in Peru and strategic listing changes.
The psychedelics sector is experiencing a resurgence of optimism in 2025 driven by a more favorable federal government under President Donald Trump’s administration, shifting state-level policies, and encouraging clinical trial results supporting the efficacy of psychedelic therapies.
The Trump administration’s openness to alternative regulatory pathways has rekindled hope among investors and researchers. Even the setback of the Food and Drug Administration rejecting Lykos Therapeutics’ MDMA-assisted therapy for post-traumatic stress disorder in August last year, advocates believe substances such as psilocybin could be made available via emergency use authorizations or through the rescheduling of psychedelic substances to a lower-risk category.
Canada will adjust its counter-tariffs on steel and aluminum imports from the US on July 21 in line with progress in trade negotiations, Prime Minister Mark Carney said on Thursday.
Carney did not specify the new tariff rates but said the changes would reflect developments in talks with Washington.
US President Donald Trump intensified his criticism of Federal Reserve Chair Jerome Powell on Thursday, calling for an extraordinary 2.5 percentage point interest rate cut and accusing the central bank chief of causing economic harm.
In a series of posts on Truth Social, Trump lashed out at Powell, whom he appointed in 2017, calling him “one of the dumbest, and most destructive, people in Government.”
Microsoft Corp (NASDAQ:MSFT) is prepared to walk away from talks with OpenAI over the future of their multibillion-dollar partnership, according to a report from the Financial Times.
The company is considering pausing negotiations with the ChatGPT-maker if the two sides cannot agree on key issues such as the size of Microsoft’s future stake in OpenAI, the report said.
A deadly listeria outbreak has been traced to ready-to-eat chicken fettuccine Alfredo meals sold at Walmart Inc (NYSE:WMT, ETR:WMT) and Kroger Co (NYSE:KR, ETR:KOG), according to federal health officials.
The outbreak has caused three deaths, one pregnancy loss, and at least 17 reported illnesses across 13 US states as of mid-June. Sixteen people have been hospitalized due to the outbreak, which spans cases identified from July 2024 to May 2025.
Elon Musk’s social media platform X is planning to offer investment and trading features as part of its push to become a “super app” or an “everything app” comparable to China’s WeChat.
X CEO Linda Yaccarino said the platform’s goal is to become an "everything app" where users can engage in financial transactions seamlessly.
Mid-tier oil and gas exploration stocks rose on Thursday, led by gains in Tullow Oil PLC (LSE:TLW) and Enquest PLC (AIM:ENQ), following signals that the UK government will move to unlock new drilling in the North Sea.
Labour’s Ed Miliband is preparing to lift legal barriers that had blocked major fossil fuel projects, reversing a January court decision that halted the Rosebank and Jackdaw fields.
Canaccord Genuity has launched coverage of ACG Metals Ltd (LSE:ACG, OTC:ACGAF) with a 'Buy' rating and an 830p price target, pointing to significant upside as the miner prepares to shift from gold to copper at its flagship Gediktepe project in Turkey.
The transition, scheduled for 2026, will see ACG move from its current gold oxide production to a copper sulphide operation.
Google has suffered a major setback in its appeal against €4.12 billion (US$4.7 billion) antitrust fine imposed by the European Commission, with Advocate General at the European Court of Justice (ECJ) Juliane Kokott recommending that the appeal be dismissed.
“In her opinion delivered today, Advocate General Kokott proposes that the Court of Justice dismiss Google’s appeal and, therefore, uphold the judgment of the General Court,” the ECJ said in a statement.
The Federal Reserve held interest rates steady at its June policy meeting, maintaining its benchmark target range at 4.25%–4.5%, while signaling ongoing division among policymakers over the path of monetary policy for the remainder of 2025.
The decision, while widely expected, left markets parsing subtle shifts in tone and economic projections for clues on what comes next.
Apple Inc (NASDAQ:AAPL, ETR:APC) is beginning to use generative artificial intelligence to streamline the design of the chips that power its devices, a move the company says could significantly reduce complexity and boost productivity.
“Generative AI techniques have a high potential in getting more design work in less time,” Johny Srouji, Apple’s senior vice president of hardware technologies, said during a recent speech in Belgium.
Empire Company (TSE:EMP.A), the parent company of supermarket chains Sobeys and Safeway, posted an improved profit for the fourth quarter of $173 million, up from $149 million a year ago.
For the quarter ended May 3, earnings per share of $0.74 were up from C$0.63, beating estimates of $0.71.
The Los Angeles Lakers, run by the Buss family since 1979, have been sold Mark Walter, the controlling owner of the Los Angeles Dodgers and CEO of TWG Global.
The deal values the Lakers at $10 billion, the highest-ever valuation for a professional US sports franchise.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is in advanced talks to bring on Nat Friedman, the former CEO of GitHub, as part of its expanding artificial intelligence (AI) initiatives, The Information reported on Wednesday, citing a person familiar with the matter.
The parent company of Facebook, Instagram, and WhatsApp is also reportedly in discussions with Daniel Gross, Friedman’s longtime collaborator and co-founder of the AI-focused investment firm NFDG, about a potential role at Meta focused on artificial intelligence.
Amazon.com Inc (NASDAQ:AMZN) is requiring some of its corporate employees to relocate to major hubs such as Seattle, Arlington, and Washington DC to be closer to their managers and teams, according to a Bloomberg report.
This relocation mandate affects thousands of employees across multiple teams and often requires moving across the country, sources with knowledge of the matter told Bloomberg.
The Bank of England's monetary policy committee voted to keep interest rates unchanged at 4.25%, as expected, in their June meeting on Thursday.
A majority of six votes to three saw the Bank Rate held steady, which led to financial traders adding to bets that the next meeting, in August, will see rates cut.
Shares in Harvest Minerals Ltd (AIM:HMI, OTC:HMIFF) rose 18% on Thursday after it reported more positive assay results from its rare earth exploration programme in Brazil and confirmed plans to accelerate drilling activity.
The AIM-listed mine developer said new tests on 36 historical samples from its Arapuá project showed total rare earth oxide (TREO) concentrations ranging from 2,110 to 2,657 parts per million.
Shell PLC (LSE:SHEL, NYSE:SHEL) has reportedly prepared emergency measures to safeguard its energy operations if rising tensions between Israel and Iran lead to disruption in the Middle East.
According to news wire reports, CEO Wael Sawan warned that any closure of the Strait of Hormuz, a key route for global oil shipments, would have a significant effect on trade.
Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF) Limited (ASX: CYM) will host a virtual site visit and investor webinar on Tuesday, June 24, 2025, offering shareholders a detailed look into its flagship Nifty Copper Complex in Western Australia.
The session will include a guided presentation of the site’s sulphide and heap leach resources, alongside the extensive brownfield infrastructure in place. Executive Chair Matt Fifield will host the event and provide commentary on development plans and the site's operating potential.
Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) has secured a key approval for its proposed merger with Mandalay Resources Corp. (TSX:MND, OTCQB:MNDJF), receiving a green light from Swedish authorities. The approval from the Swedish Inspectorate of Strategic Products confirms no further action will be taken under Sweden’s Foreign Direct Investment (FDI) Act, allowing the transaction to move ahead under Swedish law.
The merger, described as a “merger of equals”, is still subject to approvals from the Supreme Court of British Columbia, the Foreign Investment Review Board (FIRB) of Australia, shareholders of both companies and other customary conditions. Shareholder meetings are expected in late July 2025.
Gilead Sciences Inc (NASDAQ:GILD, ETR:GIS)’s twice-yearly injectable HIV prevention drug lenacapavir is on track for a solid launch after being officially approved by the US Food and Drug Administration (FDA) on Wednesday, analysts at Jefferies believe.
Lenacapavir, marketed as Yeztugo, is the first pre-exposure prophylaxis (PrEP) drug requiring only two treatments per year, offering a significant convenience advantage over daily oral PrEP and cabotegravir, which requires six injections per year.
Federal Reserve Chair Jerome Powell said the US central bank will remain patient on interest rates as it monitors inflation and trade developments, with recent tariff moves and shifting export patterns adding complexity to the economic outlook.
“Near-term inflation expectations have moved up, tariffs [are] a driving factor,” Powell said at a news conference following the Fed’s decision to keep its benchmark rate unchanged. Still, he noted that most measures of longer-term inflation expectations remain consistent with the Fed’s 2% goal.
The Federal Reserve held its benchmark interest rate steady at 4.5% on Wednesday, as widely expected, while signaling a slower path to rate cuts and revealing a sharply divided policy committee.
In updated projections, the Fed now anticipates two rate cuts totaling 50 basis points in 2025, followed by one 25-basis-point cut each in 2026 and 2027. The central bank also acknowledged that "uncertainty about the outlook has diminished, though it remains elevated."
Marvell Technology Group Ltd. (NASDAQ:MRVL) has earned a price target raise to $90 from $80 from Bank of America analysts, who repeated their ‘Buy’ rating following the company’s recent AI event.
“We continue to like Marvell as the rising tide of AI capex can help drive potential upside for one of the few franchises with a singular data-center focus, and with breadth of leading IP across compute, XPU, networking, electro-optics, security, and memory/storage,” the analysts wrote.
SanDisk (NASDAQ:SNDK) shares moved higher after Bank of America initiated coverage on the developer and manufacturer of data storage devices based on NAND flash technology with a ‘Buy’ rating and price objective of $61, representing upside of about 38% at the time of writing.
The analysts explained that their ‘Buy’ thesis is supported by several key factors, including improving memory pricing as the supply-demand balance shifts positively and room for profit margins to expand due to both the pricing trajectory and operating leverage.
Bank of America raised its price target on International Business Machines Corp (NYSE:IBM) to $320 from $290, saying the stock could re-rate higher on the back of transformational initiatives, expanding free cash flow, and accelerating revenue growth.
While IBM shares are trading near all-time highs at about 22 times forward enterprise value to free cash flow, BofA analysts argue the valuation is still attractive given the company’s strategic overhaul and positioning in generative and Agentic AI.
The Food and Drug Administration (FDA) may soon issue emergency use authorizations for psychedelic substances like psilocybin, proponents of psychedelic therapy believe, amid a shift in attitude towards psychedelic therapies under the Trump administration.
Emergency use authorizations (EUAs) are considered a more likely near-term regulatory pathway for psychedelics such as psilocybin because, unlike full FDA approval, they require a lower standard of evidence, a report from health-oriented news website Stat published on Wednesday highlighted.
The Federal Reserve is widely expected to keep interest rates unchanged on Wednesday, as policymakers weigh softening inflation and steady employment against a backdrop of escalating geopolitical tensions and uncertain US trade and immigration policies.
Despite cooling inflation and mixed economic data—including weak May retail sales and declining industrial production—markets are betting that the Fed will maintain its federal funds target range at 4.25%-4.50%.
Texas Instruments Inc (NASDAQ:TXN) has announced plans to invest more than $60 billion to expand semiconductor manufacturing in the US.
The investment will fund the construction and expansion of seven semiconductor fabrication plants (fabs) across three major sites in Texas and Utah, including a mega-site in Sherman, Texas, which alone will receive up to $40 billion for four fabs (SM1 to SM4), the company said on Wednesday.