TOP NEWS- Uber slashes people division by nearly a quarter. CEO says 'changes are necessary' June 3, 2026Uber said the cuts did not result from AI, which has allowed many tech businesses to cut costs and automate workloads
- CBS fires veteran correspondent Scott Pelley amid turmoil over direction of '60 Minutes' June 3, 2026CBS News has fired high-profile "60 Minutes" correspondent Scott Pelley amid debate about the direction of the show, a mainstay of the network.
- Morgan Stanley will soon open its trillion-dollar wealth management funnel to AI agents June 3, 2026Morgan Stanley's move is one of the earliest instances of a major Wall Street bank opening its platforms to external AI tools.
- OpenAI CEO Sam Altman to meet with lawmakers, Trump officials in D.C. June 3, 2026President Donald Trump signed an executive order about AI this week, which Altman voiced support for.
- KKR, Ares, Blackstone tumble as Partners Group caps private equity fund withdrawals June 3, 2026U.S. private markets firms fell on Wednesday, as concerns over redemption pressure returned to the spotlight.
- GOP Sen. Tillis slams Trump intelligence pick Pulte: 'Don't think he has a prayer' June 3, 2026Pulte is widely viewed as a Trump loyalist who has targeted the president's political foes during his tenure leading the housing regulatory agency.
- SpaceX targets fixed $135 IPO roadshow price at $1.75 trillion valuation, source says June 3, 2026The valuation would make Elon Musk's company the seventh- biggest in the U.S. and above Tesla, which has a market cap of about $1.6 trillion.
- Leveraged ETF assets double in two months as investors press AI bet June 3, 2026Investors turn to ETFs linked to AI and Tech, with exposures in the U.S. and Korea/Taiwan doubling in just two months
- Sellers are pulling homes off the market at the fastest pace since 2020 June 3, 2026Frustrated sellers are pulling their homes off the market at an increasingly high pace, as demand weakens and bidding wars wane.
- Fed Chair Warsh makes first hires at central bank, including 'Project 2025' author June 3, 2026The new Fed chair has made his first hires. One wrote the Fed chapter in the conservative policy blueprint "Project 2025."
EARNINGS- We're upping our Palo Alto price target after strong earnings vanquish AI disruption fears June 2, 2026The business momentum is clear here, validating the stock's dramatic comeback to fresh highs.
- Palo Alto Networks tops earnings as AI fuels cybersecurity urgency June 2, 2026The beat comes on lowered expectations, after the company gave disappointing guidance in February that fell short of analyst estimates.
- Ulta shares pop as beauty retailer beats Wall Street expectations and hikes earnings outlook June 2, 2026Ulta Beauty beat on the top and bottom lines for its fiscal first quarter on Tuesday as CEO Kecia Steelman praised the company's strategy.
- Victoria's Secret shares spike 40% after big earnings beat, raised sales outlook June 2, 2026Victoria's Secret has been in the midst of a turnaround under CEO Hillary Super, who said the company is winning over young shoppers across all incomes.
- HPE surges 19% after Monday's blowout earnings, closing its best day ever June 2, 2026CEO Antonio Neri told CNBC that the company is "uniquely positioned" to capture the disruption brought about by artificial intelligence.
- HPE skyrockets 30% on biggest earnings beat since 2018 June 1, 2026HPE's blowout second-quarter earnings report was highlighted by a strong Cloud & AI segment that showed soaring server revenue.
- Dell shares jump 39% after server maker reports fastest sales growth since return to public market in 2018 May 29, 2026Dell has gone from being a sleepy legacy tech company to a high-growth AI story, assembling servers packed with graphics processing units.
- Software stocks wrap up best month since 2001 as talk of 'SaaSpocalypse' subsides May 29, 2026Snowflake and Okta both saw record stock pops this week as investors found favor in their AI software strategies.
- Dell stock skyrockets 32% for its best day ever as AI server revenue soars May 29, 2026Dell reported its fastest pace of revenue growth since returning to the public market in 2018, with AI server revenue soaring 757% over last year.
- SentinelOne stock drops 8% as cyber firm trims headcount to boost AI investments May 29, 2026SentinelOne reported earnings after the bell Thursday and issued lackluster guidance for the current quarter and full-year.