US retail and food services sales increased in May 2026, reflecting continued strength in consumer spending and exceeding market expectations, according to advance estimates released by the US Census Bureau. The Census Bureau reported that advance estimates of retail and food services sales, adjusted for seasonal variation and holiday and trading-day differences but not for
Inveniam and Docugami have announced a partnership aimed at improving the verification and transparency of private-market data, combining document intelligence technology with blockchain-based data attestation. The collaboration will see Docugami open its Document Graph Markup Language (DGML) technology while Inveniam anchors the extracted data on its NVNM Chain blockchain network. The companies said the initiative
US stocks opened slightly higher on Wednesday as investors awaited the Federal Reserve’s latest monetary policy decision and monitored developments in the Middle East that continued to influence oil prices and broader market sentiment. The Dow Jones Industrial Average was up by 50 points. The S&P 500 gained 0.11% while the Nasdaq Composite rose 0.28%.
Micron Technology (MU) shares rose in trading on Wednesday. The gains came as Deutsche Bank became the latest Wall Street firm to raise its price target on the memory-chip maker, citing persistent supply constraints and surging demand from artificial intelligence applications. The stock gained 2.4% on Wednesday after falling more than 6% in the previous
AST SpaceMobile (ASTS) shares moved higher on Wednesday after the company successfully launched three of its largest communications satellites aboard a SpaceX Falcon 9 rocket. The launch marked an important milestone in its effort to build a space-based cellular broadband network. The launch sent BlueBird 8, 9, and 10 into orbit from Cape Canaveral Space
Broadcom (AVGO) shares moved higher on Wednesday as investors returned to semiconductor stocks and analysts at JPMorgan reiterated their bullish outlook on the chipmaker. The bank argued that the market continues to underestimate the company’s long-term artificial intelligence opportunity. The stock rose 5.17% during trading. The rebound followed a difficult month for Broadcom shares, which
Oil prices rebounded more than 2% on Wednesday after US President Donald Trump threatened to bomb Iran, raising doubts about the peace deal. Meanwhile, gold prices remained in the green as investors waited for the first policy decision of the Federal Reserve’s new Chair, Kevin Warsh. Among base metals, the three-month copper contract on the
SpaceX (SPCX) has formally agreed to acquire artificial intelligence coding startup Cursor in a transaction that values the company at $60 billion. The acquisition advances Elon Musk’s efforts to strengthen his position in one of the fastest-growing segments of the AI industry. According to a company filing released Tuesday, Cursor investors will receive SpaceX stock
Pi Network (PI) has stabilized above $0.13500 on Tuesday following a modest weekend rebound. The coin maintains its recent 5% rebound from Saturday. However, the recovery remains fragile as buying conviction appears limited following a failed attempt to sustain a trendline breakout. Despite the short-term bounce, broader sentiment and on-chain indicators suggest the move lacks
Robinhood Markets said on Tuesday it will reduce its full-time workforce by roughly 10%, affecting about 290 employees, as part of a restructuring effort that comes despite record trading activity across several of its businesses. The online trading platform also said it would eliminate a small number of remaining open positions. Shares of Robinhood (HOOD)