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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.
Oil Dips Below $90 as Iran Deal Reopens Hormuz, Supply Concerns Linger
Brent crude slid to $86.60 after a US-Iran deal to reopen the Strait of Hormuz, but IEA warns of depleted inventories and supply risks.
Oil Prices Tumble as US-Iran Peace Deal Awaits June 19 Signing
Oil prices plunged over 3% after Pakistan announced a US-Iran peace deal to reopen the Strait of Hormuz, with a formal signing scheduled for June 19 in Switzerland.
IFC Commits $15M to Caribbean Resilience Fund, Targeting $125M
IFC commits up to $15 million to the CCRF Debt Sub-Fund, its first Caribbean debt fund investment, targeting $125 million for medium-sized enterprises and resilience projects across 13 countries.
Archer Aviation Dips on Insider Sale Filing and FAA Hurdles
Archer Aviation shares dropped 4.15% after officer Eric Lentell filed a Form 144, raising concerns over insider selling and dilution as the company progresses through FAA certification.
AMD Surges After Citi Upgrade, Meta AI Deal Fuels Optimism
AMD shares surged 4.7% to $511.57 after Citi upgraded the stock to Buy, highlighting its AI GPU potential and Meta's Instinct chip plans.
Pfizer Holds Steady at $26.21, 6.6% Yield Attracts Amid Drug Pricing and Pipeline Risks
Pfizer shares ended the session nearly unchanged at $26.21, with a 6.6% dividend yield drawing income-focused investors even as drug pricing pressures and patent cliff risks cloud the outlook.
Lloyds Shares Surge on Buyback, Focus Shifts to BoE Rate Decision and H1 Results
Lloyds Banking Group shares jumped 4.27% on a buyback, with the BoE rate decision and H1 results next catalysts.