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Goldman Cuts ARM To Sell On Shocking Smartphone Weakness
Goldman Cuts ARM To Sell On Shocking Smartphone Weakness
Arm Holdings ADRs sank nearly 9% in premarket trading, on track for the largest intraday decline in almost a year, after the chip-architecture company reported softer-than-expected fiscal fourth-quarter royalty revenue tied to a slowdown in the smartphone industry, while assuring investors that data center demand can offset the slump.
During an earnings call, Wells Fargo analyst Joe Quatrochi asked Arm CEO Rene Haas:
"Clearly, data centers are very strong and accelerating, but then how do you think about consumer electronics, smartphones, et...
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Mar 19, 2026 / Kyle Anzalone
Department of War Seeks $200 Billion to Fund Iran War
The Department of War says it needs $200 billion in additional funds for the war against Iran. Pentagon chief Pete Hegseth suggested the number could go higher. According to a senior administration official speaking with The AP, the Department of War submitted the spending request to the White House. Congress will have to pass a […]
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May 28, 2026 / Tyler Durden
Bank Of Canada Warns Markets More Vulnerable To Sharp Correction Due To AI Concentration, Basis Trades
Bank Of Canada Warns Markets More Vulnerable To Sharp Correction Due To AI Concentration, Basis Trades
The Bank of Canada said the global financial system has functioned (surprisingly) well through recent global shocks, but underscored the risk of a sharp asset price correction as well as vulnerabilities related to the role hedge funds are playing in debt markets.
The central bank’s 2026 financial stability report released Thursday noted financial asset valuations have continued to rise, while the stock market is increasingly concentrated in a handful of large tech companies that are...
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Jul 8, 2026 / Dave DeCamp
Iranian Military Says US Strikes Killed Eight Iranian Soldiers
The Iranian military said in a statement on Wednesday that overnight US airstrikes on the Iranian coast killed at least eight Iranian soldiers, Iran’s Mehr News Agency has reported. The US attacks on Iran that began after several commercial ships were hit by drones in the Strait of Hormuz lasted for several hours and reportedly […]
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