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MarketWatch MarketPulseJun 06, 2023
: Palantir's stock surged toward a 17-month high after launching an AI-powered data integration offering for manufacturers
Shares of Palantir Technologies Inc. PLTR powered up 6.6% in premarket trading Tuesday, putting them on track to reach a 17-month high. The software company announced earlier the launch of Palantir Foundry for Manufacturing on Amazon Web Services (AWS), which Palantir said helps manufacturers address challenges of fragmented data systems with high barriers to access data, by allowing users to merge industrial data, decisions and operations. "In an era of increasing demands on the manufacturing sector and historic staffing shortages, it's more important than ever to help manufacturing clients unlock the power of their sensor data and AI to optimize operations," said Gabby Rojas, head of manufacturing at Palantir. The company has been caught up in the recent artificial-intelligence (AI) craze, with its stock soaring 89.8% in May. On Monday, the stock jumped 5.0% after the company said it was awarded a multiyear contract of up to $463 million from the U.S. Special Operations Command, or USSOCOM. The stock has rocketed 126.2% year to date through Monday, while the SPDR S&P Software & Services exchange-traded fund XSW has climbed 18.2% and the S&P 500 SPX has advanced 11.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Yahoo BusinessJun 06, 2023
Coinbase Risks 30% Revenue Hit If SEC Takes Similar Action to Binance, Analysts Warn

SEC charges Coinbase for illegally operating an unregistered securities exchange (MarketWatch Breaking News)
Investors pull $790 million from crypto exchange Binance after SEC charges (CNBC Finance)

Forbes HeadlinesJun 06, 2023
Crypto Prices Plunge As Sector Grapples With Fallout From SEC's Binance Lawsuit
The powerful financial regulator accused Binance and its billionaire chief Changpeng Zhao of misusing investor funds and of weaving an "expansive web of deception."

Bitcoin traders bet on $24K BTC price as market digests SEC vs. Binance - Cointelegraph (Google Business News)

Google Business NewsJun 06, 2023
Here's what you need to know about Prince Harry's phone hacking trial - CNN
Here's what you need to know about Prince Harry's phone hacking trial  CNNWatch Live: Prince Harry arrives to give evidence against Mirror publishers in phone hacking trial  Sky NewsPrince Harry blasted by judge for no-show in court trial  NBC NewsWho is Andrew Green? The lawyer planning to ‘tear Harry to shreds' at High Court  The IndependentRevealed: Princess Diana's letter to Michael Barrymore over ‘secret meeting'  Yahoo NewsView Full Coverage on Google News

Yahoo BusinessJun 06, 2023
SEC Sues Coinbase, Alleges It Is Unregistered Broker-Dealer

S.E.C. Accuses Coinbase of Breaking Market Rules (NYTimes Business)

MarketWatch MarketPulseJun 06, 2023
: Apple cut to neutral from buy at Davidson; Vision Pro ‘good news' already priced into shares, says analyst
Apple Inc. AAPL was downgraded to neutral from by analysts at D.A. Davidson, who reduced their price target to $185 from $193 per share following the tech giant's launch of its Vision Pro headset. "We are downgrading shares on our belief that any good news from the AR/VR [augmented reality/virtual reality] product launch is already reflected in the share price," said Tom Forte, senior research analyst, in a note to clients dated Monday. "In addition, we believe there are important structural challenges for Apple when it comes to consumer adoption of AR/VR hardware, which could limit the near-term impact on its sales and profitability." Forte said Apple's "meaningful entry" into AR/VR hardware "should serve as a catalyst of adoption," but hurdles remain. The initial price tag of $3,499 will do nothing to change a lack of consumer adoption to AR/VR gadgets, he said. The headset is too similar to a combination of top-of-the-line TV, surround-sound systems, a high-end computer with high definition monitors and a high-end camera. It's a "stretch" to believe consumers would pay more for that headset than a combination of those products, said Forte. Secondly, he said it remains to be seen what new content will be available with Vision Pro, something that's needed to make it more mainstream.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Forbes HeadlinesJun 06, 2023
SEC Sues Coinbase—Alleges Crypto Trading Platform Operated As Unregistered Exchange Since 2019
The suit comes one day after regulators levied 13 charges against fellow exchange Binance.

MarketWatch MarketPulseJun 06, 2023
: J.M. Smucker stock gains after adjusted profit, sales rise above expectations, with growth in all 3 business segments
Shares of J.M. Smucker Co. SJM rose 0.7% in premarket trading Tuesday, after the company with food brands including Folgers, Dunkin', Smuckers and Meow Mix beat fiscal fourth-quarter earnings expectations. For the quarter to April 30, the company swung to a net loss of $600.7 million, or $5.69 a share, from net income of $202.1 million, or $1.87 a share, in the year-ago period. Excluding nonrecurring items, such as the divestiture of certain pet food brands, adjusted earnings per share increased to $2.64 from $2.23 and beat the FactSet consensus of $2.14. Sales grew 9.9% to $2.23 billion, above the FactSet consensus of $2.17 billion, boosted by an 11% rise in net price increases. U.S. Retail Coffee sales increased 7% to $692.5 million, U.S. Retail Consumer Foods grew 14% to $453.4 million and U.S. Retail Pet Foods sales rose 9% to $785.3 million. Free cash flow increased 35% from a year ago to $298.7 million. For fiscal 2024, the company expects adjusted earnings per share of $9.20 to $9.60 to surround the FactSet consensus of $9.56, but the free cash flow outlook of $650 million was well below expectations of $911.0 million. The stock has lost 6.0% year to date through Monday, while the Consumer Staples Select Sector SPDR exchange-traded fund XLP has eased 1.3% and the S&P 500 SPX has climbed 11.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news. - Financial MarketsJun 06, 2023
SEC sues Coinbase over crypto broking
The art world has only recently started to place value on graffiti, but for James Riley, the craft's contribution to his life has been indelible. He reflects on his youth in Los Angeles, his art, and his research.

Google Business NewsJun 06, 2023
Federal gun charges filed against mother of 6-year-old who shot Virginia teacher - The Hill
Federal gun charges filed against mother of 6-year-old who shot Virginia teacher  The HillMom of 6-year-old who shot his teacher will plead guilty to new charges: Lawyer  ABC NewsMother of 6-year-old who shot teacher will plead guilty to federal felony charges in deal with prosecutors  CNNMother of 6-year-old Richneck shooter charged with federal gun and marijuana charges  The Virginian-PilotMother of 6-year-old who shot Richneck Elementary teacher now faci - Financial MarketsJun 05, 2023
Live news updates from June 5: SEC sues Binance, Saudi Arabia cuts oil production
Nasdaq edges lower as weeks-long tech rally loses steam

Google Market NewsJun 05, 2023
S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators - The New York Times
S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators  The New York TimesSEC sues Binance and CEO Changpeng Zhao for U.S. securities violations  CNBCWith Binance Case, SEC Takes Gensler Doctrine To Court  The Wall Street JournalThe Binance lawsuit is a 'legislative failure', says fmr. SEC Senior Trial Counsel Howard Fisher  CNBC TelevisionSEC sues Binance, says it evaded US law with "extensive web of deception"  Ars Technica

MarketWatch MarketPulseJun 05, 2023
: White House calls for West Coast dockworkers and their employers to ‘come to a solution'
White House press secretary Karine Jean-Pierre on Monday called for all sides to reach a resolution, when she was asked if the Biden administration might intervene in contract talks between union dockworkers at West Coast ports and their employers. "What we see as the best way to move forward is for both sides or for all sides to continue to work to come to the table and come to a solution here, and so that's what we are going to continue to encourage," she told reporters.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

NYTimes BusinessJun 05, 2023
SEC Accuses Binance of Mishandling Funds and Lying to Regulators
The S.E.C. said the world's largest cryptocurrency exchange mixed billions of dollars in customer funds and secretly sent them to a separate company controlled by Binance's founder, Changpeng Zhao.
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