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Client understanding gaps cost accounting firms revenue, HLB finds
Accounting and advisory firms are forfeiting revenue and pricing power because they lack the disciplined systems needed to transla…
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Jefferies, Stifel Upgrade Shopify as AI Threat Narrative Shifts
Wall Street is upgrading Shopify after concluding that artificial intelligence stands to expand its transaction infrastructure rat…
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New York imposes first US statewide ban on new large data centers
New York has enacted a one-year moratorium on new hyperscale data centers, establishing the first statewide roadblock for AI infra…
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Buffett to liquidate $140bn Berkshire stake by 2034, ends Gates gifts
Warren Buffett will accelerate the disposal of his $140 billion Berkshire Hathaway stake over the next eight years, creating a mas…
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JPMorgan's Dimon eyes three-year exit, narrows successor list
Jamie Dimon plans to write and teach after stepping down in roughly three years, sharpening the focus on who will lead the world's…
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Buffett Redirects $6 Billion From Gates Foundation, Sets 2034 Deadline
Warren Buffett has permanently redirected his annual donations away from the Gates Foundation due to Bill Gates's ties to Jeffrey …
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Mastercard Target Raised to $680 by Baird as Growth Accelerates
Baird lifted its price target on Mastercard, forecasting that accelerating revenue and robust margins will outweigh near-term curr…
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Baird, Barclays boost Visa price targets on durable growth
Two major analysts raised their price targets on Visa, signaling that the payment processor's fundamental strengths outweigh near-…
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Bank of America Maintains Meta Buy on AI Infrastructure Bet
Bank of America has kept its "Buy" rating on Meta Platforms with an $835 price target, arguing the social media giant's massive pr…
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Alphabet Expands Gemini Enterprise Reach Via Cognizant Pact
Cognizant is deepening its integration of Google’s Gemini Enterprise, a move analysts say validates Alphabet’s strategy to monetiz…
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Analysts See Value in NVIDIA Amid Chip Rally
Two major Wall Street analysts have reiterated buy ratings on NVIDIA, arguing the chipmaker's integrated ecosystem insulates it fr…
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Microsoft Pours $2.5 Billion Into Client-Embedded AI Unit
Microsoft is dedicating 6,000 employees and $2.5 billion to a new client-embedded unit, signaling an industry-wide shift toward la…
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Amazon targets $25bn bond sale as Wells Fargo lifts PT
Amazon is preparing a major debt offering to fund its AI expansion while analysts forecast a strong second quarter driven by cloud…
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Supreme Court seeks $228.4m budget as threat costs surge
The Supreme Court is requesting a nearly 10% budget increase to $228.4 million for 2027, reflecting sharply rising security costs …
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Morgan Stanley raises Merchants Bancorp target on earnings optimism
Morgan Stanley lifted its price target for Merchants Bancorp to $49 as building revenue momentum across the banking sector sets up…
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Piper Sandler lifts First Merchants target to $51
Piper Sandler raised its price target on First Merchants Corp, pointing to robust first-quarter earnings and a recently completed …
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Evercore Initiates SpaceX Coverage With $230 Price Target
Evercore ISI has initiated coverage of SpaceX with an Outperform rating and a $230 price target, providing a major Wall Street ben…
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Memory shortage triggers 25% IBM crash as clients pivot to AI
IBM shares suffered their steepest drop in decades after a severe global memory shortage prompted clients to abruptly redirect IT …
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IBM stock closes down more than 25% after preannounced earnings results
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TSMC exceeds $40.2bn Q2 revenue guidance on AI demand
Taiwan Semiconductor Manufacturing's 68% June revenue surge signals the world's largest foundry is on track to beat second-quarter…
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Nvidia targets $1T revenue from Blackwell and Rubin chips
Wall Street analysts expect Nvidia's revenue to double to $555 billion by early 2028, driven by sustained hyperscaler spending and…
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Micron shares rise 6% on KeyBanc's $1,750 price target
Micron Technology surged after a KeyBanc analyst set a $1,750 price target, signaling that new long-term supply contracts and data…
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Poor management drives $10tn global productivity loss
Widespread employee disengagement is costing the global economy $10 trillion annually, a figure Gallup's CEO blames squarely on po…
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Goldman Sachs Q2 profit hits record on M&A rebound
Goldman Sachs reported record second-quarter earnings as a 90% jump in large-cap M&A and rising AI infrastructure financing signal…