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Raymond James said SM Energy has received a big boost from rising oil prices due to the Iran war, but the stock still has room to rise. The investment bank upgraded the energy name from underperform to outperform. He also has a $55 price target on the stock, implying a 60% upside from Tuesday’s closing price. “SM has been one of the biggest beneficiaries of the post-Iran war oil shift, and despite the steep decline in stock prices, our bullish oil outlook still has good upside potential relative to current oil prices,” analyst John Freeman said in a note to…
At Google I/O on Tuesday, Google introduced Universal Cart, an agent hub for managing your shopping in one place. The tech giant also announced updates to its Agent Payments Protocol (AP2), hinting that it will bring the technology to Google products in the coming months, allowing users to authorize agents to make payments on their behalf. The announcement signals Google’s efforts to transform its AI assistant from a passive recommendation tool to an active participant in online commerce. By launching a centralized shopping system and building an infrastructure that allows software agents to complete purchases autonomously, the company is in…
Amazon Founder Jeff Bezos on Wednesday dismissed concerns of a looming artificial intelligence bubble, telling CNBC that the big investment will ultimately help advance the technology in the long term. “Even if there’s a bubble, you don’t have to worry about it, because the bubble is driving investment, and a lot of the investment is going to be very healthy,” Bezos told CNBC’s Andrew Ross Sorkin in an interview on “Squawk Box.”Record valuations and transactions driven by huge investments in AI are fueling the AI boom, leading some to wonder if this is due to a bubble that is about…
Jeffries said CH Robinson is likely to recover after extensive business transformation. The investment firm upgraded the name of the transportation company from hold to buy. He also raised his price target to $200 from $195, suggesting a potential 16% upside from Tuesday’s closing price. “We leave this work with greater confidence in CHRW’s technology and productivity transformation,” analyst Stephanie Moore said in a note to clients Wednesday. “Our investment-grade balance sheet and strong (free cash flow) generation provides us with the financial flexibility to opportunistically pursue M&A while continuing to invest in technology and returning capital to shareholders.” CH…
At its annual Google I/O event on Tuesday, Google announced a series of new updates to its Gemini app, including a “Daily Briefs” feature, a redesigned interface, access to a new AI video model called Gemini Omni, and a new personal AI agent called Gemini Spark. The update signals Google’s efforts to turn the Gemini app into a multipurpose AI hub rather than a standalone chatbot, making the AI assistant more competitive with apps like ChatGPT and Claude. Google describes the new Daily Brief feature as a personalized digest designed to be your first thing every morning. It collects information…
Immad Akhund, CEO and co-founder of startup Mercury;Provided by: Mercury TechnologiesMercury, a fintech company that provides banking services to startups, has raised $200 million in funding at a valuation of $5.2 billion, CNBC has learned exclusively.The valuation is 49% higher than the San Francisco-based company’s previous funding round just 14 months ago, overcoming the downturn faced by much of the fintech sector.The Series D round was led by venture firm TCV, a backer of other well-known fintech companies such as Revolut and Revolut. Nubank Mercury CEO Imad Akhand told CNBC that existing investors include Sequoia Capital, Andreessen Horowitz and Courtue.Mercury…
Timothée Chalamet It has a great new look. The 30-year-old sported a freshly styled hairstyle and clean-shaven face during Game 1 of the NBA Eastern Conference Finals between the New York Knicks and the Cleveland Cavaliers on May 19. He complemented his new look with graphic long sleeves with the Knicks logo, camouflage pants, and Timberland boots. sit together Marty Supreme The actor in the celebrity line was an avid Knicks associate. ben stiller his wife Christine Taylor, Spike Lee and tracy morgan-plus michael j fox and Tracy Pollan-All have appeared courtside frequently throughout the playoffs. of interstellar The alum…
FIFA, soccer’s world governing body, sees the expansion of the number of teams participating in the 2026 World Cup from 32 to 48 as a turning point towards inclusivity, opening the door to countries that have never qualified before.In fact, this summer, four teams will be competing in North America’s first World Cup: Cape Verde, Curaçao, Jordan, and Uzbekistan.Recommended stories list of 4 itemsend of listThis is Al Jazeera’s short guide to the debutants of this year’s tournament.cape verde FIFA World Ranking: 69 World Cup Match Schedule (Group H): Spain (June 15, Atlanta), Uruguay (June 21, Miami, USA), Saudi Arabia…
AllianceBernstein is backing Germany’s leading global tank parts and transmission maker Lenk as a standout opportunity as European defense stocks plummet. Marcus Morris Ayton, portfolio manager at AllianceBernstein, said the sector’s recent decline has created a more attractive entry point into long-term military spending themes. Key winners in 2025 included European defense companies. The Stoxx European Total Market Aerospace and Defense Index ended the year up 56.5%, driven by a pledge by NATO members to increase defense spending to 5% of GDP. But investor excitement over the continental defense “megatrend” has since waned, with some stocks dropping 20-30% from last…
Google is getting into the smart glasses game (again). At Google I/O on Tuesday, the company announced new partnerships with Warby Parker and Gentle Monster to produce a new line of AI-powered glasses. The company says these devices are built to pair with Android and iOS devices and were designed in collaboration with Samsung. The company says it will be released later this year. Google is calling the new devices “audio glasses” in that users can issue verbal commands to these devices and have them do things through the company’s ecosystem of apps and services, including Gemini. Image credit: TechCrunch…