Spotify's dominant position in music streaming is only getting stronger, says Dan Gallagher wsj.com/business/media…

United Health stock is down 50%. Heard on the Street's David Wainer says it's not cheap enough wsj.com/health/healthc…

Strong performance of core businesses at Meta and Microsoft gives cover to blowout AI investments—for now. Long term, the bigger pressure in on Meta to make its investments pay off, and explain how they fit into its overall business, says Dan Gallagher wsj.com/tech/ai/meta-a…

39% tariffs on Switzerland threaten the recovery of the luxury watch market in the U.S. This was a rare bright spot in a struggling industry after Chinese demand collapsed. wsj.com/business/retai…

Amazon just posted its best online stores growth since Covid. Investors don't care. Shares down 8% pre-market wsj.com/tech/ai/why-am…

It’s almost like something happened in April that was bad for jobs

Fuel for more capex? Big Tech is about to get a windfall from Trump's tax law. Amazon's cash savings alone could be $15.7 billion, equivalent to 43% of estimated free cash flow before the bill, says Jonathan Weil wsj.com/finance/invest…

Insurers are scaling back Medicare Advantage benefits, and customers are getting dropped from plans. Investors are cheering. wsj.com/health/healthc…

Reddit’s human conversations make it a surprising winner in AI’s machine age wsj.com/tech/ai/reddit…

Eli Lilly slid 14% on disappointing results for its weight-loss pill. But Heard's David Wainer says it could still be a blockbuster wsj.com/health/pharma/…

This bull market is built differently. A new generation of "buy the dip" investors, who were told to fear crashes but instead learned to love vol, is propping it up These bullish investors function like short sellers did previously, buying during panic My latest for Heard on the Street

As Intel legend Andy Grove said: “Most companies don’t die because they are wrong; most die because they don’t commit themselves.” Now Intel must make up its mind. Does it want to be a chip designer, a manufacturer, or remain both of those things? wsj.com/tech/intel-ceo…

Heard on the Street: Some fund managers are so obstructive that they might as well kick sand in investors’ faces. | My latest ⁦The Wall Street Journal⁩ ⁦Heard on the Street⁩ wsj.com/finance/invest…

A partial nationalization of Intel could have vast unintended consequences, potentially causing the entire U.S. chip industry to lose competitiveness. wsj.com/tech/intels-mo…

Fast food is struggling. But casual dining chains like Chili's and Cheesecake Factory are thriving. Here's why: wsj.com/business/hospi…

Apollo Global Management, Ares Management, Blackstone, Blue Owl Capital, KKR and TPG are all either down or significantly trailing the S&P 500 this year. wsj.com/finance/invest…

Ford is stretching to afford its dividend, even as tariffs upend its business. wsj.com/business/autos…

Heard on the Street: How Ford uses a bespoke, nonstandard cash-flow metric to justify paying its outsize dividend. Ford calls it “adjusted free cash flow.” A more apt name would be cash flow before bad stuff. | My latest ⁦The Wall Street Journal⁩ ⁦Heard on the Street⁩ $F wsj.com/business/autos…

The terms of Intel's deal with the U.S. will make it much harder to turn around wsj.com/livecoverage/s…

Sam Altman says "software on demand is going to be one of the defining characteristics of the GPT-5 era." Not so fast, says Heard on the Street's Dan Gallagher wsj.com/finance/softwa…