Teva’s stock falls after report FTC has opened probe of patents
The FTC has been clamping down on what it deems to be “junk” patent listings for some time and in April it said it was challenging hundreds of them.
Here’s why a repeat of the Trump 2016 stock playbook may not work, Morgan Stanley says
Reaction by some stocks last week revealed hopes for a repeat of the Trump 2016 playbook, but Morgan Stanley says beware.
Manufacturers are mired in a slump, ISM finds, and aren’t adding much to the U.S. economy
A key barometer of U.S. factories fell in June for the third month in a row, signaling that an ongoing slump in the industrial side of the economy shows no sign of ending.
Robinhood brings AI to its customers with Pluto Capital acquisition
On Monday, Robinhood announced its acquisition of Pluto Capital, an investment-research platform that uses AI to offer tailored investment strategies.
Construction spending posts bigger-than-expected drop in May
Construction spending fell 0.1% in May, the Commerce Department reported Monday.
Meta is a big AI spender — and that can give its stock a big boost
The Facebook parent’s capital-expenditure budget could total $50 billion next year, according to an analyst.
Maersk shares jump on decision to scrap plans for DB Schenker takeover
The Danish shipping giant’s CEO said Maersk had decided to withdraw from the sales process after identifying challenges with integrating the German logistics company.
This is how much the largest 20 U.S. banks raised dividends after stress tests
Banks increasing payouts the most included Wells Fargo and Bank of New York Mellon.
Pitney Bowes increases cost-savings target to a range of $120 million to $160 million
The savings stem mostly from general corporate cost cuts but do not include potential savings from changes in the global e-commerce segment, where the company is in the final stages of a strategic review.
Ryan Cohen makes first X post in months as GameStop seeks app developers
The GameStop CEO’s posts are closely followed for hints about his plans for the company.
