Here are Monday’s biggest calls on Wall Street: UBS reiterates Tesla as sell UBS said the stock remains overvalued. “We believe TSLA remains fundamentally overvalued, but the price reaction will depend on Musk’s call comments.” Bank of America initiates Caris Life Sciences as buy The firm said the biotech company has a “best in class … Read more
An AI sign at the MWC Shanghai tech show on June 19, 2025. Bloomberg | Bloomberg | Getty Images BEIJING — The latest Chinese generative artificial intelligence model to take on OpenAI’s ChatGPT is offering coding capabilities — at a lower price. Alibaba-backed startup Moonshot released on late Friday night its Kimi K2 model: a … Read more
Short-term tradable bottom? The CBOE Volatility Index has spiked to 29, but more importantly, the VIX curve (the prices of near-term VIX options) is now in backwardation : that is, the prices of near-term contracts (cash and the March options contract) are now higher than options contracts further out (April, May, June). This is unusual and indicates … Read more
The newest hire at Goldman Sachs isn’t human. The bank is testing an autonomous software engineer from artificial intelligence startup Cognition that is expected to soon join the ranks of the firm’s 12,000 human developers, Goldman tech chief Marco Argenti told CNBC. The program, named Devin, became known in technology circles last year with Cognition’s … Read more
The S & P 500 is now within roughly a half-percent of a 10% decline from its recent high. That would be a garden-variety correction, and it would be based on: 1) very rich valuations (the S & P 500 was trading at a multiple of 22 times 2025 estimates, historically high), and 2) a modest … Read more
Optimism about the strong growth opportunities presented by the ongoing artificial intelligence (AI) boom has been tempered by tariff-related distractions and macroeconomic challenges. Against this uncertain backdrop, investors looking for consistent income can add attractive dividend-paying stocks to their portfolios, and studying top Wall Street analysts can offer useful insights into picking the right dividend … Read more
For Tesla supplier Contemporary Amperex Technology , selling battery packs to major electric companies is just the start of its ambitions. “We believe the company is not just a hardware manufacturer, but it will also be a software ecosystem provider,” Morgan Stanley analysts led by Jack Lu said in a report Wednesday. They pointed to … Read more
Katie Gatti Tassin Courtesy: Katie Gatti Tassin There are many unique hurdles that women face when it comes to money, such as the wage gap and caregiving responsibilities. Yet, there’s another challenge in women’s financial lives that is less-discussed — beauty costs, which can be an “insidious force in women’s financial lives,” said Katie Gatti … Read more
As President Donald Trump continues to set aggressive new tariff rates on imports, U.S. consumers are feeling the effects on their wallets. Tariffs are taxes on imported goods paid by the entity importing those products. Businesses often pass the cost of tariffs along to consumers through higher prices. Sometimes, it’s not so subtle. In June, … Read more
Pra-chid | Istock | Getty Images The second-quarter estimated tax deadline is June 16 — and on-time payments can help you avoid “falling behind” on your balance, according to the IRS. Typically, quarterly payments apply to income without tax withholdings, such as earnings from self-employment, freelancing or gig economy work. You may also owe payments … Read more
