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Nvidia commits $40B to AI investments in early 2026, including $30B in OpenAI
Nvidia has invested over $40 billion in AI-related equity deals in early 2026, with a major $30 billion stake in OpenAI. The company also made multi-billion dollar investments in public firms like Corning and IREN, signaling strong confidence in the ...
Zoetis shares drop 37% YTD after weak earnings and competitive pressures, trading near five-year lows.
Zoetis (ZTS) shares have fallen 37% year-to-date, hitting a five-year low after reporting weaker-than-expected earnings due to US companion animal market weakness, generic competition, and fewer clinic visits. Despite these challenges, the company ma...
Investor Michael Burry warns AI stock craze mirrors late 1990s Dot-com bubble risks.
Michael Burry, known for predicting the 2008 housing crash, warns that the current stock market rally driven by enthusiasm for AI-related companies resembles the late 1990s Dot-com bubble. Despite economic uncertainty, major U.S. indexes keep hitting...
BioVie nears data readout for potential first treatment targeting long COVID symptoms.
BioVie Inc is advancing its clinical trial for a novel treatment aimed at long COVID, a condition affecting around 17 million Americans with symptoms like brain fog and fatigue. The company has secured a $13 million grant, making it unique in receivi...
Law firm investigates Meridian for possible securities violations after stock drops 8.86% on weak earnings.
Bragar Eagel & Squire, P.C. is investigating Meridian Corporation for potential violations of federal securities laws following a significant stock price drop. Meridian reported weak first-quarter 2026 results, citing decreased SBA loan sale income a...
Valterra Platinum holds its first AGM as an independent company after demerging from Anglo American.
Valterra Platinum Limited conducted its first Annual General Meeting (AGM) as an independent company on May 8, 2026. The meeting marked a significant milestone following the company's demerger from Anglo American, with new shareholders welcomed and e...
IMF warns AI-driven cyberattacks threaten financial stability with faster, cost-effective hacking risks.
The International Monetary Fund (IMF) has issued a warning that AI-powered cyberattacks are increasingly threatening global financial stability. Advanced AI tools can rapidly identify and exploit system vulnerabilities, outpacing traditional defenses...
April jobs report shows stable unemployment but underlying weakness in labor market.
The April labor market report showed the unemployment rate remained steady with some job gains, but deeper analysis reveals ongoing labor force contraction and weak revisions to past job data. This suggests the job market is not as robust as it appea...
Energy security focus boosts oil investments amid Iran war disruptions
The Iran war and the resulting blockade of the Strait of Hormuz have caused a major disruption in global oil supplies, highlighting the fragility of the energy system. Oil and gas CEOs say this will lead to increased investments in oil exploration an...
AI-driven cost efficiencies, not just revenue growth, will shape the next market winners, says investor Luca Socci.
Investor Luca Socci highlights that AI is transforming the economy, driven by hyperscalers' large capital investments. He distinguishes companies benefiting from AI cost reductions versus those gaining revenue increases, arguing that the market will ...