Author: Money Mechanics

Veeva Systems Inc. (NYSE:VEEV), with significant hedge fund interest, ranks among the 10 best SaaS stocks to buy according to hedge funds. As of Q1 2026, 62 hedge funds held bullish positions in the stock, representing $2.95 billion in aggregate value, as per Insider Monkey data. Veeva Systems (VEEV) Unveils Falcon, An Agentic Platform Built For Life Sciences Drug Development Processes This week, Veeva Systems Inc. (NYSE:VEEV) is accelerating its efforts to deepen its footprint across the life sciences industry, securing major global CRM commitments while rolling out new AI-driven automation tools for drug development. On May 28, 2026, Veeva…

Oil is trading on one thing and one thing only: the Strait of Hormuz. sits near $95 and WTI near $91 on June 2, after popped 5% on June 1 — surging more than 7% intraday — when Iran threatened to fully close the strait, then gave some of it back as Trump talked up a deal. That’s the entire market in a sentence. Every Hormuz-closure threat spikes crude, every de-escalation signal sinks it, and the price is whipsawing between a war premium and a reopening discount that nobody can handicap. Here’s the thesis: the structural setup under oil is…

Elyse Betters Picaro/ZDNETFollow ZDNET: Add us as a preferred source on Google.AI labs are shipping new models nonstop. Besides being better and faster than their predecessors, every new model isn’t guaranteed to be a major step change, despite how the company’s PR may wax poetic about them. Model strengths really emerge in context: Where are competitor models lacking or excelling? Which models have outstanding specialties, and which are just catching up to industry standards?  Also: How we test AI at ZDNETOur Model Release Tracker helps you make sense of where models stand relative to each other, and whether they’re worth a deeper look.…

(Oil Price) – The Middle East crisis and the still closed Strait of Hormuz have created a “super-squeeze” in oil markets, which could lead to sharp price spikes, analysts at HSBC say. Prices have rallied in recent months not because of some “super-cycle” but because of the massive supply disruption and an actual squeeze in physical supply, the UK-based bank said in a note carried by Bloomberg. “The longer the strait is closed, the more inventories are run down, the more likely it is that we reach ‘tipping points’ in the markets for some commodities,” HSBC’s analysts said in a report dated…

“Superman” star Nicholas Hoult has finally offloaded his longtime Los Angeles abode after the midcentury modern dwelling spent more than a year on the market. But it is not all good news for the 36-year-old Brit, who was forced to take a rather hefty loss on the sale of the Hollywood Hills home, which he purchased for $2.33 million in 2018, according to property records, seven years before putting it back on the market for the much higher price of $2.95 million. After listing the home in February 2025, Hoult—who is next due to appear in the upcoming comedy action…

To help you understand the trends surrounding business and technology and what we expect to happen in the future, our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts. (Get a free issue of The Kiplinger Letter or subscribe.) You’ll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest…The information technology sector has been on a tear of late, supercharged by the AI spending spree. But now the IT sector faces headwinds that will put certain…

After weeks of intense budget negotiations, New Yorkers are in for a payout in 2026.More than 8 million residents will receive hundreds of dollars in relief this fall, due to the Protecting Our Wallets Energy Rebate (POWER) program, a new initiative designed to combat surging gas and electric bills in the state.Checks will be sent automatically to qualifying New York residents. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 02, 2026 Agencies remove additional references to reputation risk Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 11:00 a.m. EDT The federal bank regulatory agencies today jointly updated certain interagency documents to remove references to reputation risk. The agencies are taking this action to complement their earlier actions that ended the use of reputation risk in supervision.…

Amazon’s annual Prime Day event is taking place June 23-26, the company announced on Tuesday. This year, the e-commerce giant is holding the deals event earlier than usual, as Prime Day is typically held in July. “Members can save on top brands, trending products, and items exclusive to Amazon, plus fresh groceries, summer essentials, and back-to-school must-haves—all with fast, free delivery,” the company wrote in a blog post. In the past, Prime Day was largely about scoring deals on indulgent items, but in recent years, shoppers have increasingly focused on essentials. Amazon told CNBC that groceries and household essentials will…

Touted by the Trump administration as “eliminating taxes on Social Security,” the new, temporary “senior bonus deduction” is adding to concerns about Social Security’s solvency, even as a COLA increase is expected for the coming year.When President Donald Trump and Republicans in Congress passed the so-called “big beautiful bill” last year, one of the most talked-about provisions was a new, but temporary, bonus deduction for older adults.The $6,000 tax break, available to eligible taxpayers age 65 or older from 2025 through 2028, can be stacked on top of the standard deduction and the extra standard deduction for those over 65…