JBS Plant Closures Signal Deepening U.S. Beef Sector Strain
Commodities Rebecca Torres

JBS Plant Closures Signal Deepening U.S. Beef Sector Strain

JBS USA will shutter beef facilities in Souderton, PA, and Memphis, TN, eliminating 1,693 jobs as tight cattle supplies pressure packer margins.

JBS
TSMC Outpaces Nvidia in Holiday-Shortened Trading Week
Markets Daniel Marsh

TSMC Outpaces Nvidia in Holiday-Shortened Trading Week

TSMC's U.S.-listed shares jumped 6.9% to $462.12, outpacing Nvidia's 3.0% gain, as investors favored chip manufacturing exposure amid easing inflation fears and strong AI demand.

TSM NVDA INTC AAPL AMD
Intel Surges Past AMD After Trump's Apple Chip Remarks
Markets Daniel Marsh

Intel Surges Past AMD After Trump's Apple Chip Remarks

Intel surged 10.6% to a record $133.99 after President Trump said Apple agreed to work with Intel on US chip design and production, though details remain unconfirmed. AMD rose 4.9% as the chip sector hit a record close.

INTC AMD AAPL TSM MU
RBC Shares Dip as OSFI Reduces Capital Buffer for Big Banks
Regulation James Calloway

RBC Shares Dip as OSFI Reduces Capital Buffer for Big Banks

Royal Bank of Canada shares slipped 0.36% as OSFI reduced the Domestic Stability Buffer to 3.0%, freeing capital for lending but not immediately boosting earnings.

RY TD BMO BNS CM NA
Bombardier Stock Surges on Global 8000 Demand and Tax Relief
Markets Daniel Marsh

Bombardier Stock Surges on Global 8000 Demand and Tax Relief

Bombardier shares climbed 4.41% on Global 8000 momentum and tax cut optimism, but Dassault's Falcon 10X first flight heightens competitive risks.

BBDC
Joby Aviation Hits $10 as Air-Taxi Sector Eyes 2026 Milestones
Markets Daniel Marsh

Joby Aviation Hits $10 as Air-Taxi Sector Eyes 2026 Milestones

Joby Aviation closed at $10.00 before Juneteenth, capping a volatile week with a 6.5% gain on heavy volume as the market eyes 2026 air-taxi milestones.

JOBY ACHR EVTL
Hubbard County Transit and Road Repairs Highlight Rural Infrastructure Funding Challenges
Economy Daniel Marsh

Hubbard County Transit and Road Repairs Highlight Rural Infrastructure Funding Challenges

Hubbard County must address local revenue shortfalls to expand Heartland Express transit and repair Middle LaSalle Forest Road, highlighting rural infrastructure funding gaps.

SPY
Bradesco Preferred Shares Unchanged as Brazil Central Bank Cuts Selic to 14.25%
Markets Daniel Marsh

Bradesco Preferred Shares Unchanged as Brazil Central Bank Cuts Selic to 14.25%

Bradesco's preferred shares closed unchanged at R$17.47 after Brazil's central bank cut rates to 14.25% but signaled caution. Investors balance profit recovery against higher loan-loss provisions and inflation risks.

Alphabet Gains in Short Week Despite AI Talent Departures
Technology Sarah Chen

Alphabet Gains in Short Week Despite AI Talent Departures

Alphabet shares closed higher in a short week, but the exits of two top AI researchers to rivals Anthropic and OpenAI raise concerns about talent retention as the company ramps up capital spending.

GOOGL
Microsoft Shares Dip as Cloud Capacity Woes Persist Ahead of Key Data
Markets Daniel Marsh

Microsoft Shares Dip as Cloud Capacity Woes Persist Ahead of Key Data

Microsoft shares fell 2.9% this week, underperforming the broader market as cloud capacity issues and a failed Oracle deal weigh on sentiment. Key earnings and inflation data loom.

MSFT ORCL MU
SpaceX Declines as Nvidia Surges, Nasdaq-100 Listing Uncertainty Lingers
Markets Daniel Marsh

SpaceX Declines as Nvidia Surges, Nasdaq-100 Listing Uncertainty Lingers

SpaceX shares fell 3.6% to $185, while Nvidia rose 3% to $210.69, widening the valuation gap. SpaceX's exclusion from the Nasdaq-100 limits passive fund buying and adds volatility.

NVDA SPCE RKLB AMD GOOGL
S&P 500 at High Valuations Stirs Crash Fears Amid Mixed Signals
Markets Daniel Marsh

S&P 500 at High Valuations Stirs Crash Fears Amid Mixed Signals

The S&P 500's high valuation and mixed historical signals have sparked talk of a potential 2026 stock market crash, with AI-driven profits under pressure from rising rates.

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