After delivering its strongest monthly performance since November 2023, Wall Street entered June on a cautious note, with mounting geopolitical tensions and new trade tariffs clouding investor appetite for risk assets.
According to a Wall Street Journal report, Meta’s new AI ad system will let brands submit a product image and budget, then generate the full ad and target the ideal audience on Facebook and Instagram.
According to TheFly, Wells Fargo analyst Mike Mayo stated that Citi is on the cusp of transitioning from value destruction to value creation, noting that the stock should rise above its tangible book value.
Bank of America pointed to Boeing’s recent international deals, including agreements in the U.K., Qatar, the U.A.E., and China, as evidence that the company is playing a central role in global trade diplomacy.
CEO Kelly Ortberg told the Financial Times that Boeing was not in a financial position to invest in a new plane, and the market is not prepared either.
Speaking at a Bernstein conference, Plant emphasized the need to ramp up production, as one of its largest customers, Boeing, had manufactured more than 40 737 Max jets every month for four consecutive months.
Bearings manufacturer RBC Bearings (NYSE:RBC) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 5.8% year on year to $437.7 million. Its non-GAAP EPS of $2.83 per share was 4.7% above analysts’ consensus estimates.
