Activist hedge fund Jana Partners disclosed a 6.3% stake in Alkami Technology and is publicly demanding a sale, citing AI pressure on community bank software. Jana argues the company trades at a disco…
Bank of America upgraded its global growth forecast, citing an AI-driven export cycle in Asia and an AI investment boom in the US. The bank now expects global GDP growth of 3.2% in 2026 and 3.5% in 20…
Private equity firms are struggling to exit a record 13,325 unsold US companies, even as Wall Street's AI-driven deal boom sets records. The inventory overhang, up from 12,900 in October, would take 1…
The Bay Area events calendar for July 3-9 lists activities including a World of Soccer Experience, First Fridays ArtWalk, a multimedia performance exploring women in technology, laser shows, free muse…
Former Kansas City Fed President Esther George advises Americans to plan for higher interest rates under new Fed Chair Kevin Warsh, citing persistent inflation above the 2% target and the possibility …
China broke ground on its first AI-powered personalized cancer vaccine production line in Beijing, developed by Likang Life Sciences. The facility will produce LK101, a vaccine that uses AI to analyze…
A Bank of America Institute study found that one in three Gen Zers used AI tools for homebuying research in the past year, reflecting a generational shift toward technology for major financial decisio…
A contrarian view from Citi Research's Andrew Hollenhorst and Brookings' Robin Brooks argues that the Federal Reserve will cut rates later this year, contrary to Wall Street expectations of hikes, cit…
Susquehanna analyst Mehdi Hosseini raised the price target on Taiwan Semiconductor Manufacturing Company (TSMC) to $575 from $500, citing AI infrastructure demand. Bank of America followed with a $590…
Micron Technology reported record Q3 2026 revenue of $41.5 billion, driven by demand for high-bandwidth memory used in AI systems, and sold its entire 2026 HBM production under long-term contracts. Th…
US equity funds recorded $8.5 billion in net outflows for the week ending June 24, the first weekly outflow since March, as technology funds alone shed a record $9.3 billion. The outflows signal a pot…
Former U.S. Secretary of Commerce Gina Raimondo launched Raise Us, a $500 million nonprofit initiative to help American workers adapt to AI-driven job displacement, with bipartisan support and partner…
Bank of America reported a $9 billion outflow from US equity funds, with technology funds experiencing record withdrawals as the AI trade cools. Institutional investors led the selloff, suggesting a s…
Former Commerce Secretary Gina Raimondo and former Indiana Gov. Eric Holcomb are co-founding a bipartisan nonprofit, RAISE US, with over $500 million to address potential job losses from AI. The group…
Bank of America raised its price target for Micron Technology to $1,500, citing the stock's low valuation relative to its AI-driven earnings growth. The chipmaker trades at 8.3x estimated 2026 earning…
RAISE US, a nonprofit led by former Commerce Secretary Gina Raimondo, launched with over $500 million in commitments from OpenAI, Microsoft, Amazon, and others to retrain American workers for AI-era j…
A new bipartisan nonprofit, RAISE US, launches with over $500 million to retrain American workers for the AI era, partnering with states and major employers like Amazon and Microsoft to prevent catast…
Bank of America's European equity strategist Sebastian Raedler recommends investing in overlooked defensive sectors like consumer staples and pharmaceuticals to hedge against a potential AI stock down…
A new bipartisan nonprofit, RAISE US, launched June 25, 2026 with over $500 million committed to education and workforce training for Americans disrupted by AI-driven automation. Co-founded by former …
A new bipartisan nonprofit, RAISE US, launched with over $500 million to help American workers adapt to AI-driven job displacement. Founded by former Commerce Secretary Gina Raimondo and former Indian…