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Nokia Shares Edge Higher on AI Optimism, But Valuation Concerns Persist
Nokia shares gained 1% in Helsinki, extending a 10% Friday surge, driven by AI and cloud demand. The stock remains volatile and trades above the average analyst target.
Amazon Ousts Walmart to Top Fortune 500, Reshaping Corporate Peeking Order
Amazon has claimed the top spot on the 2026 Fortune 500, ending Walmart's 13-year run and signaling a shift in corporate power driven by e-commerce, cloud computing, and healthcare.
SpaceX Stock Steady at $161; Musk's $1 Trillion Revenue Goal Raises Valuation Questions
SpaceX shares trade at $160.95, 19% above IPO, as Musk's $1 trillion revenue target clashes with a $4.94 billion loss. Options and index inclusion may add volatility.
American Airlines Rises as Oil Slide Eases Cost Worries
American Airlines shares climbed on Friday and extended gains in premarket as crude oil prices plunged following a preliminary U.S.-Iran agreement to reopen the Strait of Hormuz, alleviating a key cost pressure ahead of the company's second-quarter earnings report.
AI Financial's WLFI Liquidity Boost Fails to Lift Stock Above $1
AI Financial claims $180M in WLFI tokens can ease liquidity concerns, but shares trade at $0.665, under Nasdaq's $1 minimum, keeping delisting risk alive.
PepsiCo Debuts Custom Drink Platform, Backs Sustainable Farming Finance
PepsiCo rolls out its 'House of Treats' personalized drink platform in select European markets and launches a pilot program for strip-till equipment leasing, targeting growth in away-from-home channels and sustainable farming.
Meta Admits AI Workforce Overhaul Missteps, Hikes 2026 CapEx to $145B
Meta CEO Mark Zuckerberg admits mistakes in the company's swift AI workforce overhaul, as capital expenditure guidance for 2026 rises to $125-$145 billion, reflecting higher component prices and data center investments.
Fed Meeting, Oil Prices, and SpaceX IPO in Focus Ahead of Tuesday's Open
U.S. stocks face key risks as investors await the Fed's June 16-17 meeting, with inflation at 4.2% and Brent crude at $86.80. A potential U.S.-Iran deal could lower oil prices and ease inflation, while SpaceX's strong Nasdaq debut signals demand for AI-linked growth stocks.