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Broadcom Shares Rise After Showcasing Broadband Edge AI Portfolio

Broadcom (AVGO) shares were up 3% in Tuesday trading after the company showcased its broadband edge artificial intelligence portfolio, which includes 50G PON gateway SoC, a Wi-Fi 8 product family, and a joint 5G and Wi-Fi 8 fixed wireless access platform solution.Broadcom's offerings aim to deliver localized processing, low latency and reliability for next-generation connected AI applications, according to a late Monday statement.Price: $472.99, Change: $+13.02, Percent Change: +2.83%

$AVGO

Wire28d ago

Microsoft Launches GitHub Copilot App

Microsoft (MSFT) launched the GitHub Copilot app at its Build developer conference Tuesday, introducing a desktop experience designed to let developers coordinate multiple AI agents from a single interface.The app is available in technical preview for existing Copilot Pro, Pro+, Business, and Enterprise users, the company said.Microsoft also introduced canvases, a shared workspace for developers and AI agents to view and edit work in progress, along with cloud and local sandbox environments that allow agents to run and test code in isolated settings without impacting production systems.Price: $442.42, Change: $-18.11, Percent Change: -3.93%

$MSFT

Wire28d ago

Docusign App Now Available in ChatGPT, Codex

Docusign (DOCU) app is now available in Microsoft (MSFT)-backed OpenAI's ChatGPT and Codex, the company said Tuesday.The integration brings the Docusign Intelligent Agreement Management platform into OpenAI's offerings for clients to create, verify, and manage agreements using natural language prompts, the company said.Price: $54.52, Change: $-2.50, Percent Change: -4.38%

$DOCU$MSFT

Wire28d ago

Intuit Shares Fall After Goldman Sachs Downgrade

Intuit (INTU) shares were down about 8.5% in Tuesday trading after Goldman Sachs downgraded the stock to sell from neutral and cut its price target to $276 from $519.Trading volume stood at more than 5.2 million shares, compared with a daily average of about 4.1 million.Price: $323.57, Change: $-30.19, Percent Change: -8.53%

$INTU

Wire28d ago

Shake Shack Shares Fall After Fiscal Q2 Revenue Guidance Cut

Shake Shack (SHAK) shares were down over 7% in Tuesday trading after the company cut its fiscal Q2 revenue and fiscal 2026 net income guidance.The company now expects fiscal Q2 revenue between $415 million and $420 million, down from prior guidance of $424 million to $428 million.Analysts polled by FactSet expect $421.4 million.For fiscal 2026, Shake Shack expects net income between $45 million and $55 million, compared with previous guidance of $50 million to $60 million.Analysts surveyed by FactSet expect $52.5 million.Price: $57.08, Change: $-5.14, Percent Change: -8.26%

$SHAK

Wire28d ago

Microsoft Unveils Updated Quantum-Computing Chip for Useful Machine in 2029

Microsoft (MSFT) on Tuesday introduced an updated quantum-computing chip it hopes can set up a commercially useful machine by 2029.Majorana 2 boasts 1,000 times longer quantum state that the prior generation for more reliable computation and offers qubit lifetime of 20 seconds, the company said.Price: $442.45, Change: $-18.08, Percent Change: -3.92%

$MSFT

Wire28d ago

Market Chatter: BP North Sea Asset Sale Talks With Ithaca Fail

BP (BP) held advanced talks to sell its UK North Sea assets to Ithaca Energy in a nearly 2 billion British pounds ($2.7 billion) deal, though negotiations failed in recent weeks, with the oil major still exploring a sale to other potential buyers, the Financial Times reported Tuesday, citing people familiar with the matter.BP's UK North Sea fields produce around 120,000 barrels per day out of the company's 2.3 million total, and it already jointly operates the Vorlich oilfield with Ithaca, a subsidiary of Israel's Delek Group.The potential sale is part of BP's broader restructuring under new CEO Meg O'Neill, who has pledged $20 billion in divestments by 2027 under pressure from activist hedge fund Elliott Management, according to the report.BP did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $43.41, Change: $+0.47, Percent Change: +1.08%

$BP

Wire28d ago

Microsoft Unveils Updated Quantum-Computing Chip for Useful Machine in 2029

$MSFT

Wire28d ago

Market Chatter: Carlyle Group Nears $3.5 Billion Deal to Sell Flender to Triton Partners

Carlyle Group (CG) is close to an agreement to sell Flender, a maker of mechanical and electrical drive technology, to European buyout firm Triton Partners for about 3 billion euros ($3.5 billion), Bloomberg reported Tuesday, citing people familiar with the matter.The deal may be announced as soon as this week, the report said.Carlyle did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $45.09, Change: $-0.02, Percent Change: -0.03%

$CG

Wire28d ago

Update: Mastercard Shares Fall After Appointment of Ling Hai as CFO

(Updates with the latest stock movement in the headline and first paragraph.)Mastercard (MA) shares were down 2.6% in Tuesday afternoon trading after the company said it has appointed Ling Hai, president of Asia Pacific, Europe, Middle East and Africa, as the company's chief financial officer, effective Aug. 3.He succeeds Sachin Mehra, who will move into a newly created role as chief business officer, responsible for country operations across the globe, Mastercard said.Additionally, President of the Americas Linda Kirkpatrick will become chief services officer, succeeding Craig Vosburg, the firm said, adding that Vosburg will transition to vice chair and serve as a global ambassador for the company.Dimi Dosis, president of Eastern Europe, Middle East and Africa, will become chief commercial payments officer, succeeding Raj Seshadri, who will become a senior strategic advisor to the chief executive officer, Mastercard said.Price: $482.51, Change: $-12.74, Percent Change: -2.57%

$MA

Wire28d ago

Top Midday Decliners

Abivax (ABVX) faces an increasing risk of a black box warning for obefazimod due to malignancies reported from a recent trial, Wedbush Securities said in a note.Shares sank 42% following an increase in intraday trading volume to over 14 million from a daily average of about 1.1 million.Fulcrum Therapeutics (FULC) shares slumped 52% amid heavy trading after multiple analysts downgraded the stock and sharply lowered their price targets.Intraday trading volume soared to more than 23.3 million shares from a daily average of about 910,000.Goldman Sachs downgraded Intuit (INTU) to sell from neutral while adjusting its price target to $276 from $519.Shares dropped over 8%, with intraday trading volume rising to more than 5.1 million versus the stock's daily average of about 4.12 million.Price: $74.19, Change: $-55.50, Percent Change: -42.79%

$ABVX$FULC$INTU

Wire28d ago

Update: Rezolute Shares Rise After Participants Meet Responder Criterion in Phase 3 Tumor Hyperinsulinism Trial

(Updates with the latest stock move in the headline and in the first paragraph.)Rezolute (RZLT) shares rose about 16% in Tuesday afternoon trading after the company said that six of eight participants enrolled in a phase 3 trial of ersodetug in uncontrolled hypoglycemia caused by tumor hyperinsulinism have already met the responder criterion for the study's primary endpoint.The primary endpoint of the study, which aims to enroll 16 patients with insulinoma or non-islet cell tumors, is the number of participants achieving at least a 50% reduction from baseline in intravenous glucose requirements within the 8-week pivotal treatment phase, the company said.Rezolute said ersodetug has been well-tolerated in the pivotal and extension phases of the study, with no drug-related adverse events or other safety findings reported to date.Topline results for the fully enrolled open-label phase 3 study are expected in H2, Rezolute said.Price: $4.18, Change: $+0.57, Percent Change: +15.65%

$RZLT

Wire28d ago

Top Midday Gainers

Marvell Technology (MRVL) shares rose 29% after multiple news outlets reported Nvidia (NVDA) Chief Executive Officer Jensen Huang called the chipmaker the next "trillion-dollar company."More than 76.2 million shares traded intraday, compared with a daily average of about 27.6 million.Hewlett Packard Enterprise (HPE) reported fiscal Q2 earnings ahead of analysts' forecasts late Monday.Shares jumped 16%, with intraday trading volume rising to over 115.4 million from a daily average of roughly 20.2 million.Victoria's Secret (VSXY) raised its full-year sales and earnings guidance. The shares began trading under the ticker "VSXY" on the New York Stock Exchange on Tuesday. It previously traded under "VSCO".Shares soared 48%, with over 6 million shares traded.Price: $283.35, Change: $+63.92, Percent Change: +29.13%

$HPE$MRVL$VSXY

Wire28d ago

OpenAI Adds ZoomInfo to Codex for Work as a Sales Intelligence App

Microsoft-backed (MSFT) OpenAI said Tuesday that ZoomInfo Technologies (GTM) is now natively available inside OpenAI Codex for Work as a business-to-business go-to-market intelligence app.The integration brings ZoomInfo's verified company intelligence and contact data into Codex, the company said. Users can ask Codex to identify target accounts, build prospect lists, or analyze companies, and Codex will run the matching ZoomInfo skill and return a verified answer, the company said.Price: $3.34, Change: $-0.49, Percent Change: -12.70%

$GTM$MSFT

Wire28d ago

Update: Market Chatter: General Dynamics to Invest $200 Million to Restart Texas Munitions Facility

(Updates with the company's response in the fourth paragraph.)General Dynamics (GD) will invest $200 million and unwind its partnership with Turkish defense contractor Repkon as it seeks to start production of 155mm artillery shells at a Texas plant, Bloomberg reported Monday, citing people familiar with the matter.The munitions manufacturing equipment supplied by Repkon failed to meet required standards and is expected to be replaced by hardware and management from privately held Deterrence Defense, according to the news outlet.The additional $200 million investment would come on top of the $591 million contract the US Army awarded to General Dynamics for the Texas facility, which was designed to operate three production lines capable of manufacturing 30,000 155mm artillery shells per month, the report added.A General Dynamics spokesperson toldin an emailed response that "General Dynamics Ordnance and Tactical Systems and [its] US Army customer have reached an agreement on a path forward for the Mesquite facility, which includes additional GDOTS investment to complete the project."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$GD

Wire28d ago

Diana Shipping Says Fully Committed to Its Genco Offer, Urges Shareholders to Vote For Its Director Nominees

Diana Shipping (DSX) said Tuesday it is fully committed to its offer for Genco Shipping & Trading (GNK) and urged Genco shareholders to elect its six independent director nominees at the June 18 annual meeting.Genco board has rejected its offers for the third time without any engagement, Diana Shipping said.Diana Shipping also urged Genco shareholders to tender their shares pursuant to its tender offer at $24.80 per share in cash, according to a statement.Price: $2.40, Change: $-0.04, Percent Change: -1.84%

$DSX$GNK

Wire28d ago

Yum! Brands' COO Tracy Skeans Plans to Retire

Yum! Brands (YUM) said Tuesday that Tracy Skeans, its chief operating officer and chief people and culture officer, plans to retire after more than 25 years with the company.Skeans will remain in her current role through late this year, after which she will move into an advisory position, the company said.Yum! said her responsibilities will transition to the company's next Chief People & Culture Officer and Chief Scale Officer, and the firm is working to fill both roles.Price: $147.54, Change: $+0.03, Percent Change: +0.02%

$YUM

Wire28d ago

Caterpillar Outlook Strengthened by Power and Energy Momentum, UBS Says

Caterpillar (CAT) is positioned for continued earnings growth as demand in its power and energy segment accelerates and construction dealer inventories keep building, UBS Securities said Tuesday in a report.The company's expanding backlog and strengthening end-market trends provide greater clarity around 2027 and 2028 earnings, the report said.UBS raised its 2026-2028 EPS estimates, citing robust growth in natural-gas power generation, improving conditions in construction and resource industries, and rising oil and gas investment. The power and energy business is expected to account for more than 40% of Caterpillar's profit in 2027, UBS said.While Wall Street expectations are already elevated, Caterpillar still exhibits characteristics of a company entering a multiyear earnings expansion, UBS said. Backlog has climbed 70% in the past three quarters amid few near-term downside catalysts as demand remains strong across key markets, the report said.UBS lifted its price target on Caterpillar stock to $900 from $677 and kept its neutral rating.Price: $903.94, Change: $+38.58, Percent Change: +4.46%

$CAT

Wire28d ago

American Honda Sales Rise 9.9% in May

Honda Motor (HMC) said Tuesday that American Honda vehicle sales increased 9.9% to 148,903 units in May from a year ago.Year-to-date sales were down 0.2% to 623,139 units from the same period last year, the company said.Price: $26.48, Change: $+0.24, Percent Change: +0.91%

$HMC

Wire28d ago

Market Chatter: Uber Limits Staff Use of AI Tools to Cut Costs

Uber Technologies (UBER) has placed usage caps on some AI-powered coding tools used by its staff to control costs after the company exceeded its AI budget earlier this year, Bloomberg reported Tuesday, citing a company spokesperson.All Uber employees are limited to $1,500 per month in token spending per AI coding tool, the spokesperson reportedly told Bloomberg.Uber didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $71.75, Change: $-2.02, Percent Change: -2.74%

$UBER

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