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dbcurren.bsky.social
Don Curren 🇨🇦🇺🇦
@dbcurren.bsky.social@bsky.brid.gy · 19h ago
Bloomberg: The US #JusticeDepartment is probing how #Iran’s #supremeleader built a global #investment #portfolio with exposure to #WallStreet #banks, according to four officials with direct knowledge of the matter. #Iran
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Jun 03, 2026
US Top News and Analysis | Alphabet's $80 billion stock sale leaves Wall Street in 'unprecedented territory,' says Goldman's Gutman AI generated summary, Read the full article for complete information. Alphabet’s $80 billion equity offering—part of a plan to fund its massive AI‑compute ambitions—has left Wall Street in “unprecedented territory,” according to Goldman Sachs International co‑CEO Anthony Gutman. In an exclusive CNBC interview, Gutman said the scale of the issuance, which also includes a $10 billion allocation to Berkshire Hathaway, underscores strong demand for new equity and is “very manageable” relative to total market capitalization. He noted that the record‑level offering bodes well for a pipeline of mega‑IPOs slated for a historic capital‑markets year, citing SpaceX’s anticipated June‑12 listing—potentially the largest IPO ever—as well as planned public offerings by OpenAI and Anthropic. Gutman stressed the need for humility and caution as markets navigate this industrial‑revolution‑style surge in AI‑driven financing. Read more: https://www.cnbc.com/2026/06/03/alphabet-stock-sale-goldman-international-gutman.html #Alphabet #GoldmanSachs #AnthonyGutman #BerkshireHathaway #WallStreet
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Jun 02, 2026
US Top News and Analysis | Alphabet plans to raise $80 billion from stock sales to fund AI buildout AI generated summary, Read the full article for complete information. Alphabet announced it will raise $80 billion through stock offerings—including a $10 billion investment from Berkshire Hathaway—to fund the expansion of its AI compute infrastructure amid surging demand for its AI products and services. The capital raise, part of a broader capital‑expenditure plan now projected at up to $190 billion for the year, will be executed via a $30 billion underwritten offering, a $40 billion at‑the‑market program for Class A and C shares, and convertible‑preferred “depositary shares,” with Goldman Sachs, JPMorgan Chase and Morgan Stanley serving as joint book‑runners. Alphabet’s recent bond sales of more than $30 billion and its stock’s strong performance, which has doubled in the past year, underscore its aggressive push to scale AI capabilities, a trend mirrored by other hyperscalers such as Microsoft, Meta and Amazon, whose combined AI capex this year exceeds $700 billion. Berkshire Hathaway’s involvement brings its stake in Alphabet to roughly $20 billion, reflecting its confidence in the search giant’s AI‑driven growth outlook. Read more: https://www.cnbc.com/2026/06/01/alphabet-to-raise-80-billion-from-stock-sales-to-fund-ai-buildout.html #Alphabet #BerkshireHathaway #Microsoft #Meta #WallStreet
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 29, 2026
Times of India | From $642 to $4 million: Fired JPMorgan employee wins huge compensation over food platter dispute AI generated summary, Read the full article for complete information. A former JPMorgan broker, Brent Ryan Bodner, who was terminated in 2024 after a $642.50 deli‑platter expense for a home‑based business meeting was allegedly mischaracterized as a “Super Bowl party,” has been awarded roughly $4 million in damages by a FINRA arbitration panel, which also ordered JPMorgan to amend his employment record to reflect a voluntary departure and to cover most case‑related costs; the panel rejected the bulk of his $30 million claim and denied punitive damages, while JPMorgan has expressed disagreement with the decision. Read more: https://timesofindia.indiatimes.com/world/us/from-642-to-4-million-fired-jpmorgan-employee-wins-huge-compensation-over-food-platter-dispute/articleshow/131358784.cms #JPMorganChase #FINRA #BrentBodner #MarcRosen #WallStreet
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 27, 2026
US Top News and Analysis | AutoZone stock on pace for worst trading day since March 2020, despite retailer beating Wall Street estimates AI generated summary, Read the full article for complete information. AutoZone Inc. shares were on track for their worst trading day in more than six years, dropping over 10% intraday even though the retailer posted fiscal third‑quarter earnings of $38.07 per share—well above the $36.28 consensus—and revenue of $4.84 billion, essentially matching expectations. Analysts highlighted concerns about sluggish international growth, margin compression, cooler weather dampening heat‑related sales, and ongoing pressures from inflation, higher energy costs, and potential supply‑chain disruptions, including a possible motor‑oil shortage linked to the war in Iran. Management said inflationary pressures would likely stay but be “slightly muted” year‑over‑year and that lubricant supply issues were being monitored, but they did not expect a material impact on the business. Read more: https://www.cnbc.com/2026/05/26/autozone-stock-on-pace-for-worst-trading-day-since-march-2020.html #AutoZone #WallStreet #PhilipDaniele #Iran
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 26, 2026
qwant news | 'Just Buy More Bitcoin,' Says Crypto Expert Highlighting Institutional Investors' Ignorance On 4-Year Cyc AI generated summary, Read the full article for complete information. Veteran Bitcoin investor Lark Davis and crypto analyst Haseeb Qureshi argue that institutional investors largely ignore Bitcoin’s four‑year cycle, treating the asset with a simple “just buy more” mindset rather than the nuanced retail narrative. Qureshi says this reflects a “two‑cities” phase in crypto, where institutions view digital assets as legitimate financial infrastructure while retail enthusiasm cools. He highlights a major shift toward tokenized real‑world assets—now accounting for over 20 % of DeFi volume—and predicts AI will soon smooth crypto’s usability, positioning tokenization as a transformative force comparable to Amazon’s impact on e‑commerce. Read more: https://www.benzinga.com/crypto/cryptocurrency/26/05/52767346/just-buy-more-bitcoin-says-crypto-expert-highlighting-institutional-investors-ignorance-on-4-year-cycle #LarkDavis #HaseebQureshi #Dragonfly #BlackRock #WallStreet #LarryFink
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 21, 2026
US Top News and Analysis | Walmart to report first-quarter earnings before the bell. Here's what Wall Street expects AI generated summary, Read the full article for complete information. Walmart is slated to release its fiscal first‑quarter earnings before the market open on Thursday, with analysts forecasting earnings of 66 cents per share on about $175 billion in revenue. The report is expected to shed light on U.S. consumer health amid higher gas prices, a recent dip in sentiment, and broader economic headwinds such as sticky inflation and a global trade war. Investors will be watching whether Walmart’s growing base of higher‑income shoppers remains resilient, how lower‑income consumers are coping, and how the retailer’s higher‑margin advertising and marketplace businesses are offsetting any pressure on lower‑margin grocery sales. The earnings call will also address whether the boost from last year’s larger tax refunds—cited by peers as a spending upside—is fading, and what that means for consumer spending trends and overall economic momentum. Read more: https://www.cnbc.com/2026/05/21/walmart-wmt-earnings-q1-2027.html #Walmart #WallStreet #LSEG #MiddleEast
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 18, 2026
US Top News and Analysis | Nvidia reports earnings this week. Morgan Stanley is getting more bullish on the chipmaker AI generated summary, Read the full article for complete information. Nvidia is poised to deliver a strong fiscal first‑quarter results report, prompting Morgan Stanley to upgrade its outlook and raise its price target from $260 to $285, a 26% upside from the previous close. The bank now expects earnings of $1.72 per share on revenue of $79.26 billion, up from earlier estimates, citing surging demand for Nvidia’s AI‑driven data‑center hardware, robust supply‑chain positioning, and $95 billion in purchase commitments that should secure shipments for the next 18 months. Analysts broadly share this optimism, with the majority rating the stock as a buy or strong buy, and the company’s shares have climbed about 66% over the past year as AI remains a dominant investment theme. Read more: https://www.cnbc.com/2026/05/18/nvidia-reports-earnings-this-week-morgan-stanley-is-getting-more-bullish.html #Nvidia #MorganStanley #JosephMoore #LSEG #WallStreet #
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 20, 2026
US Top News and Analysis | Home Depot says core shopper is resilient in the face of higher gas prices, sales rise 5% AI generated summary, Read the full article for complete information. Home Depot reported first‑quarter earnings that beat Wall Street expectations, with adjusted earnings of $3.43 per share versus the $3.41 forecast and revenue of $41.77 billion, up about 5% from a year earlier. Chief financial officer Richard McPhail said the retailer’s core “homeowner” shopper remains financially resilient despite higher gasoline prices, declining consumer confidence, and geopolitical tensions, though customers are still cautious about larger projects and tend to defer big‑ticket spending. The company reaffirmed its full‑year guidance, projecting fiscal‑2026 sales growth of 2.5%–4.5% and EPS growth of up to 4%. Home Depot is also expanding its professional‑contractor business, having acquired SRS Distribution, GMS, and the recent SRS purchase of Mingledorff’s, positioning itself to capture a share of the roughly $700 billion pro‑market. Read more: https://www.cnbc.com/2026/05/19/home-depot-hd-q1-2026-earnings.html #HomeDepot #RichardMcPhail #SRSDistribution #GMS #WallStreet
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 13, 2026
Sweden Herald - Latest Sweden News | E-commerce giant Alibaba reports unexpectedly weak fourth-quarter sales by Sweden Herald AI generated summary, Read the full article for complete information. Chinese e‑commerce giant Alibaba reported weaker‑than‑expected fourth‑quarter results, with revenue rising 3 % to 243.4 billion yuan—below analysts’ consensus of 246.5 billion yuan—while net profit essentially doubled to 25.5 billion yuan. The Hangzhou‑based conglomerate raised prices for its AI and cloud services during the quarter and, according to CEO Eddie Wu, aims to lift revenue from that segment to 100 billion yuan per year within five years. After the report, Alibaba’s stock fell about 3 % in Wall Street futures trading. Read more: https://swedenherald.com/article/ecommerce-giant-alibaba-reports-unexpectedly-weak-fourthquarter-sales #Alibaba #EddieWu #WallStreet
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 12, 2026
Sweden Herald - Latest Sweden News | Inflation and oil prices pressure Wall Street by Sweden Herald AI generated summary, Read the full article for complete information. High inflation and rising oil prices dragged on Wall Street on Tuesday, as U.S. consumer prices jumped to a 3.8 % annual rate in April—the highest level since May 2023—diminishing expectations of a Federal Reserve rate cut in June. Investors also took profits, especially in AI‑related tech stocks, pushing those shares lower, while North Sea crude surged 3.4 % to $107.70 a barrel amid an unresolved Iran conflict. The broader market reflected the pressure, with the S&P 500 slipping 0.2 % and the Nasdaq falling 0.7 %, even as the Dow Jones Industrial Average managed a modest 0.1 % gain. Read more: https://swedenherald.com/article/inflation-and-oil-prices-pressure-wall-street #WallStreet #NYSE #FederalReserve #SP500 #Nasdaq #DowJones #NorthSea #US #Iran #businessnews
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 12, 2026
Sweden Herald - Latest Sweden News | US inflation higher than expected in April by Sweden Herald AI generated summary, Read the full article for complete information. U.S. inflation accelerated to 3.8 percent in April — the highest rate since May 2023 and slightly above analysts’ 3.7 percent forecast — while core inflation (excluding food and energy) edged up to 2.8 percent. The surge was accompanied by a 21 percent jump in airfares, driven by higher jet‑fuel costs after the Iran conflict, and a 0.3 percent year‑on‑year decline in average hourly earnings, a blow to middle‑class and low‑income households, according to Navy Federal Credit Union chief economist Heather Long. In response, U.S. market interest rates rose and Wall Street futures slipped. Read more: https://swedenherald.com/article/us-inflation-higher-than-expected-in-april #HeatherLong #CNBC #WallStreet #businessnews
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 04, 2026
BBC News | GameStop offers to buy eBay for $56bn AI generated summary, Read the full article for complete information. GameStop announced a $56 billion (£41 billion) unsolicited takeover bid for eBay, valuing the e‑commerce platform at $125 per share—about 20 % above its closing price. CEO Ryan Cohen, who also co‑founded Chewy, said GameStop holds roughly a 5 % stake in eBay and sees the acquisition as a way to turn eBay into a much larger competitor to Amazon. The proposal includes a commitment from TD Bank for about $20 billion in debt financing, and GameStop, currently valued at about $11.9 billion, aims to make further details public. eBay’s shares rose more than 13 % in after‑hours trading following the news. Read more: https://www.bbc.com/news/articles/cn0p8yled1do?at_medium=RSS&at_campaign=rss #GameStop #eBay #RyanCohen #Amazon #WallStreet
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 02, 2026
Home - CBSNews.com | Exxon Mobil, Chevron earnings fall, but top revenue expectations AI generated summary, Read the full article for complete information. Exxon Mobil and Chevron reported lower profits for the most recent fiscal quarter, citing disruptions from the Iran war, yet both U.S. oil giants exceeded Wall Street’s revenue expectations for the three‑month period ending March 31; CBS News business contributor Javier David provides further details. Read more: https://www.cbsnews.com/video/exxon-mobil-chevron-earnings-fall-but-top-revenue-expectations/ #ExxonMobil #Chevron #WallStreet #JavierDavid #
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 01, 2026
US Top News and Analysis | Atlassian stock soars 20% after earnings show strong cloud, data center growth AI generated summary, Read the full article for complete information. Atlassian’s shares jumped more than 20% after the company delivered fiscal third‑quarter results that beat Wall Street expectations, posting $1.75 adjusted earnings per share versus the forecast $1.32 and $1.79 billion in revenue versus $1.69 billion anticipated. Revenue grew 32% year over year, driven by a 29% surge in cloud sales to $1.13 billion and data‑center revenue of $561 million, both surpassing estimates. Despite a 45% year‑to‑date stock decline amid the “SaaS‑pocalypse” and AI‑related concerns, Atlassian’s CEO Mike Cannon‑Brookes said the fears are overstated, noting strong customer adoption and a strategic focus on AI‑enabled products. The company also raised its full‑year guidance for cloud (26.5% growth) and data‑center (21.5% growth) revenues, while reporting a net loss of $98.4 million, wider than the prior year. Read more: https://www.cnbc.com/2026/05/01/atlassian-team-q3-stock-2026-earnings.html #Atlassian #Cannon_Brookes #WallStreet #TeamworkCollection #MikeCannonBrookes
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 01, 2026
Opinion Voices | Granderson: What the audience has learned since the first 'Devil Wears Prada' by LZ Granderson AI generated summary, Read the full article for complete information. LZ Granderson reflects on why “The Devil Wears Prada,” a film many of his generation still rewatch, remains relevant as its sequel arrives, using the story of Andrea Sachs to highlight the shifting realities of work for Gen X and older millennials who now juggle stagnant wages, mounting debt, caregiving responsibilities, and frequent layoffs. He argues that the movie’s cult status stemmed from its honest portrayal of youthful ambition colliding with a corporate culture that rewards performance but rarely honors integrity, a dynamic that has only worsened since the post‑World‑II era when wages grew with productivity. With AI threatening entry‑level jobs and the earnings gap between labor and capital widening since the 1970s, Granderson questions whether Sachs’s decision to quit a toxic job for principle would still be seen as admirable—or simply impractical—in today’s precarious employment landscape. Read more: https://www.latimes.com/opinion/story/2026-05-01/devil-wears-prada-2-sequel-careers-work #Granderson #AndreaSachs #WallStreet
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Apr 30, 2026
US Top News and Analysis | Microsoft back on offense as quarter shows strong AI demand. Wall Street sees big stock gains ahead AI generated summary, Read the full article for complete information. Microsoft’s latest quarterly report shows a rebound driven by strong artificial‑intelligence demand, with adjusted earnings of $4.27 per share beating the $4.06 consensus and revenue of $82.89 billion surpassing expectations. Analysts remain cautiously optimistic: Goldman Sachs sees the results as a first step toward reversing a multi‑quarter slump and maintains a “Buy” rating with a $610 price target; Citi projects a 46 % upside to $620, citing accelerating growth in Azure and Microsoft 365 Copilot; JP Morgan assigns an overweight rating with a $550 target (≈30 % upside); Wells Fargo forecasts a $625 target (≈47 % upside) after noting robust cash flow and AI momentum; and Barclays sets a $545 target (≈28 % upside), highlighting Azure’s modest acceleration and capital‑expenditure expansion for AI capacity. Despite the strong fundamentals, the stock fell about 5 % as investors weigh rising spending and the pace of future growth. Read more: https://www.cnbc.com/2026/04/30/microsoft-quarter-shows-strong-ai-demand-street-sees-big-stock-gains-ahead.html #Microsoft #GoldmanSachs #GabrielaBorges #Azure #WallStreet
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Apr 30, 2026
US Top News and Analysis | Carvana stock pops as used car retailer reports record first-quarter results AI generated summary, Read the full article for complete information. Carvana’s first‑quarter results beat Wall Street expectations, sending the stock up as much as 10% in after‑hours trading. The online used‑car retailer posted earnings per share of $1.69 versus the $1.43 forecast and revenue of $6.43 billion, topping the $6.08 billion estimate. Retail sales surged 40% year over year to 187,393 units, while adjusted EBITDA rose to $672 million and net income increased to $405 million from $373 million a year earlier. The company said it expects a sequential rise in both retail units sold and adjusted EBITDA in the second quarter, aiming for all‑time records on both metrics. Although Carvana’s market‑cap‑weighted shares are down about 6% in 2026, they are up roughly 63% over the past year. Read more: https://www.cnbc.com/2026/04/29/carvana-cvna-earnings-q1-2026.html #Carvana #WallStreet
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Apr 30, 2026
US Top News and Analysis | Microsoft's earnings report lands after stock's worst quarterly performance since 2008 AI generated summary, Read the full article for complete information. Microsoft reported third‑quarter 2026 results that beat expectations, posting $82.9 billion in revenue (up 18% YoY) and an adjusted earnings per share of $4.27 versus the $4.06 consensus. Azure cloud revenue surged about 40% in constant‑currency terms, while the Intelligent Cloud segment generated $34.68 billion and the Productivity and Business Processes segment $35.01 billion, both exceeding estimates. The company now has over 20 million paid seats for the Microsoft 365 Copilot AI add‑on, and AI‑related revenue reached $37 billion, a 123% increase. Despite the strong top‑line, Microsoft’s operating‑margin guidance for the fiscal fourth quarter fell short of StreetAccount forecasts, and its 2026 capital‑expenditure outlook jumped to $190 billion (up 61% from 2025) driven by soaring memory prices. The firm also announced the end of its exclusive revenue‑share arrangement with OpenAI, while senior leaders in Office and gaming signaled upcoming retirements. As a result, Microsoft’s shares were down about 12% YTD, marking its worst quarterly performance since 2008. Read more: https://www.cnbc.com/2026/04/29/microsoft-msft-q3-earnings-report-2026.html #Microsoft #Azure #Microsoft365 #RajeshJha #PhilSpencer #VisibleAlpha #WallStreet #IntelligentCloud #
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Apr 29, 2026
US Top News and Analysis | Asia-Pacific markets open mixed after OPEC shock, tech jitters drag Wall Street lower AI generated summary, Read the full article for complete information. Asian‑Pacific markets were mixed on Wednesday after U.S. stocks fell overnight, weighed down by an OPEC‑related shock and a report that OpenAI’s revenue and user‑growth fell short of its own targets, prompting CFO Sarah Friar’s warning that the AI firm might struggle to pay its computing contracts. The United Arab Emirates’ slated exit from OPEC on May 1 added to oil‑market uncertainty. South Korea’s Kospi slipped 0.39% (Kosdaq flat), Australia’s S&P/ASX 200 fell 0.28%, Hong Kong’s Hang Seng rose 1.2% while China’s CSI 300 dropped 0.26%; Japan was closed for a holiday. U.S. futures ticked modestly higher, but the S&P 500, Nasdaq Composite, and Dow Jones all ended lower (‑0.49%, ‑0.9%, and ‑0.05% respectively) as investors await earnings from several “Magnificent Seven” stocks and the possible final policy meeting of Fed Chair Jerome Powell. Read more: https://www.cnbc.com/2026/04/29/asia-markets-nikkei-225-kospi-hang-seng-index.html #UAE #OPEC #WallStreet #OpenAI #FederalReserve #SarahFriar #JeromePowell
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